Misplacement of priority in the allocation of national resources is a great danger to the growth of any economy, which leads to poor standard of living among its citizens leading to people involving themselves on different types of job to meet the end needs. The continuation of this leads people involving themselves into arms proliferations and other crimes. This study focused on modelling the effect of inequality in the allocation of budget to various sectors of Nigeria economy with its effect on national growth. We obtained data from central bank of Nigeria on the allocation of budget to five key sectors of the economy from year 1992 to 2020. Multiple regression analysis was used with the result showing that there is inequality on the allocation of budget to these sectors with money allocated to security having the highest all the time and not significant to GDP growth.
Adeleke A. (2013), A threat to Human Existence and Economic Development in Nigeria, Online Journal of Public and Administrative Research ISSN 2225-0972 Vol.3. No. 6
Akhemonkhan, et al. (2012). Corporate Social Responsibility and Entrepreneurship (CSRE): Antidotes to Poverty, Insecurity and Underdevelopment in Nigeria. Bein a Paper Presented at the 6th International Conference held in Universiti de Lome, Togo from November 1-2.
Apanisile, O. T., Okunlola, O. C. (2014). An empirical analysis of effects of military spending on economic growth in Nigeria: A bound testing approach to co-integration 1989- 2013, Journal of Public Administration, Finance and Law, 3(6), 117-130.
Enimola S.S and Akoko A. (2011) Defense Expenditure and Economic Growth: The Nigeria Experience 1977-2006, Botswana Journal of Economics, 8(12), pp 26-44.
Khalid, M & Mustapha, B. (2014). Military expenditure and economic growth in the case of China: using ARDL approach, International Journal of Development and Emerging Economics. 2 (1), 27-36.
Mohammed, S., & Lawong, D., (2016). An Analysis of the Macroeconomic Impact of Insecurity on Nigeria: A Dynamic Modeling Approach, Journal of Social and Management Sciences. 2 (1), 1-11.
Muhammed, U & Abu, S (2016). The interactional impact of defense expenditure and Arms importation on economic growth in Nigeria: An autoregressive approach, International Journal of Economics and Financial Issues, 6 (2), 538-543.
Olofin, O. P. (2012). Defence Spending and Poverty Reduction in Nigeria, American Journal of Economics, 2 (6) 122-127
Omojimite, B. U. (2012). Public education and defence spending in Nigeria: Implications for economic growth, Journal of Educational and Social Research. 2 (1), 1-12
Oriavwote, E. V. & Eshenake, S. J. (2013). A vector error correction modeling of security spending and economic growth in Nigeria, Accounting and Finance Research. 2 (2).
Otto, G. & Ukpere, W. I. (2012). National security and development in Nigeria, African Journal of Business Management. 6 (23), 6765-6770
Taheer, A and Asmau, Y (2017). Regression analysis of health and defense expenditure on economic growth in NIGERIA, International Journal of Peace and Conflict Studies (IJPCS), 4(2):53-64
The 2021 online Global peace index @ www.http.global peace index 2021.
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