An investigation of the determinants of economic resilience in Nigeria: Evidence from state-level policy analyses
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Background of the Study
Economic resilience refers to an economy’s ability to withstand shocks and recover from adverse events, a quality of paramount importance in the context of Nigeria’s volatile economic landscape. This study investigates the determinants of economic resilience by examining state-level policy analyses across Nigeria. State governments have increasingly implemented localized policies aimed at boosting economic diversification, enhancing infrastructure, and supporting small and medium enterprises, all of which contribute to resilience (Adetayo, 2023). These policies are critical in mitigating the adverse effects of global market fluctuations, political instability, and natural disasters, thereby ensuring sustainable economic performance (Ndukwe, 2024). Recent research has emphasized the role of governance quality, fiscal prudence, and social investments in fostering resilience (Ekwueme, 2025). Despite these initiatives, disparities in policy implementation and resource allocation have led to varying levels of resilience among states. This study synthesizes empirical data and case studies to identify the key determinants that enable some states to better absorb and recover from economic shocks. By linking theoretical frameworks with practical policy outcomes, the research aims to provide actionable insights for enhancing economic resilience at both the state and national levels.
Statement of the Problem
Nigeria’s economic performance is frequently challenged by external shocks and domestic instabilities, with state-level policies playing a pivotal role in determining resilience. However, despite numerous initiatives, there remains significant variation in the ability of states to mitigate economic downturns (Adetayo, 2023). Inequities in resource allocation, governance challenges, and divergent policy implementation have resulted in uneven resilience across regions (Ndukwe, 2024). This inconsistency poses a serious risk to the nation’s overall economic stability and growth potential. The study seeks to investigate the underlying factors that contribute to these disparities and to propose measures that can strengthen economic resilience, thereby reducing regional vulnerabilities (Ekwueme, 2025).
Objectives of the Study
1. To identify the key determinants of economic resilience at the state level.
2. To analyze the effectiveness of state-level policies in mitigating economic shocks.
3. To propose strategies for enhancing economic resilience across Nigerian states.
Research Questions
1. What are the main determinants of economic resilience in Nigerian states?
2. How do state-level policies contribute to mitigating economic shocks?
3. What measures can be taken to improve resilience across diverse regions?
Research Hypotheses
1. High-quality governance and fiscal management significantly enhance economic resilience.
2. State-level policy interventions positively correlate with improved recovery from shocks.
3. Addressing regional disparities can lead to more uniform economic resilience.
Significance of the Study (100 words)
This study is significant as it offers an empirical investigation into the determinants of economic resilience in Nigeria. By identifying key factors and evaluating state-level policy effectiveness, the research provides critical insights for policymakers seeking to build a more robust and adaptive economic system. The findings will aid in formulating strategies that minimize regional disparities and enhance the overall stability of the Nigerian economy, contributing to sustainable development and long-term growth.
Scope and Limitations of the Study
The study is limited to the investigation of state-level policy impacts on economic resilience in Nigeria. It focuses on internal policy determinants and does not extend to global economic influences.
Definitions of Terms
• Economic Resilience: The ability of an economy to absorb shocks and recover from disruptions.
• State-Level Policy Analyses: The evaluation of policies implemented by state governments.
• Determinants: Factors that contribute to a particular outcome or condition.
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