The history of deficit financing dated back to 1978 when the nation absorbed a $1billion
Jumbo loan presumably needed for rehabilitation, reconstruction and development of the wartorn Nigerian economy. However, this was an aftermath of the Nigerian civil war that lasted till 1970. This action subsequently followed by massive borrowing by both federal and state governments and their institutions to revitalize the already doldrums economy.
Nations, the world
over had engaged in various strategies at reducing environmental impact and
enhancing the use of natural resources. Thus, the use of natural resources more
efficiently to generate economic activity that preserves and enhances
environmental quality, reducing human impact on the environment is the green
economy doctrine. What Karen (2008) referred to as clean energy economy; technologies
that allow cleaner production processes, as well as the growing market for
products which consumes less energy. It might include products processes and
services that reduce environmental impact or improve natural resource use. An economic
system that results in improved human well-being and social equity.
UFADEMHE, S (2019). FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA. Afribary.com: Retrieved January 19, 2021, from https://afribary.com/works/fiscal-deficit-financing-and-health-sector-development-in-nigeria
SOLOMON, UFADEMHE. "FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA" Afribary.com. Afribary.com, 22 Aug. 2019, https://afribary.com/works/fiscal-deficit-financing-and-health-sector-development-in-nigeria . Accessed 19 Jan. 2021.
SOLOMON, UFADEMHE. "FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA". Afribary.com, Afribary.com, 22 Aug. 2019. Web. 19 Jan. 2021. < https://afribary.com/works/fiscal-deficit-financing-and-health-sector-development-in-nigeria >.
SOLOMON, UFADEMHE. "FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA" Afribary.com (2019). Accessed January 19, 2021. https://afribary.com/works/fiscal-deficit-financing-and-health-sector-development-in-nigeria