FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA

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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.

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FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA

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