Journal: International Journal Of Management & Business Studies
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Abstract
The study examined the effects of twins’ deficits in Nigeria for the period 1970-2008. Secondary time-series data were used for the study and analysed using econometric techniques. The results showed that in Nigeria, there was a bidirectional causality relationship between budget and trade deficits. The study concluded that suitable policies should be deployed to lessen budget deficits. This would be critical in decreasing trade deficit. Complementary budget-cutting policies should be initiated via a coherent package that focus on policies for export promotion, productivity improvement and exchange rate, among others.