An examination of the determinants of economic resilience in Nigeria: Evidence from post-crisis recovery strategies
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Background of the Study
Economic resilience—the ability to withstand and recover from shocks—is crucial for sustaining growth in volatile environments. In Nigeria, post-crisis recovery strategies implemented between 2000 and 2020 have played a key role in restoring stability after economic downturns. These strategies include fiscal stimulus measures, monetary policy adjustments, and structural reforms aimed at diversifying the economy and mitigating risks associated with external shocks (Uche, 2023). The adoption of such strategies has helped cushion the economy against global financial disturbances and domestic crises by promoting diversification, strengthening social safety nets, and enhancing governance mechanisms (Ibrahim, 2024). However, the determinants of economic resilience remain complex, involving factors such as institutional quality, investment in infrastructure, and effective policy implementation. Recent studies indicate that while some recovery strategies have yielded positive results, others have been less effective due to implementation challenges and policy inconsistencies (Adeniyi, 2025). This study examines the determinants of economic resilience in Nigeria by analyzing post-crisis recovery measures, with the aim of identifying key factors that facilitate rapid and sustainable economic recovery.
Statement of the Problem
Despite the implementation of various post-crisis recovery strategies, Nigeria continues to experience significant vulnerability to economic shocks. Inconsistent policy execution, inadequate investment in resilience-building measures, and institutional weaknesses impede sustainable recovery (Uche, 2023). These challenges result in prolonged periods of instability and hinder long-term growth (Ibrahim, 2024). The gap between recovery policy objectives and actual economic resilience raises concerns about the effectiveness of current strategies. This study seeks to identify the primary determinants of economic resilience in Nigeria and assess how post-crisis recovery strategies have contributed to mitigating the impact of economic shocks, thereby providing insights for improving future policy responses (Adeniyi, 2025).
Objectives of the Study
1. To examine the determinants of economic resilience in Nigeria.
2. To evaluate the effectiveness of post-crisis recovery strategies.
3. To propose policy recommendations for enhancing economic resilience.
Research Questions
1. What are the key determinants of economic resilience in Nigeria?
2. How effective are post-crisis recovery strategies in mitigating economic shocks?
3. What measures can strengthen the country’s resilience to future crises?
Research Hypotheses
1. Strong institutional frameworks enhance economic resilience.
2. Effective recovery strategies reduce the duration of economic downturns.
3. Policy consistency positively impacts long-term resilience.
Significance of the Study (100 words)
This study is significant as it explores the determinants of economic resilience in Nigeria and evaluates the success of post-crisis recovery strategies. The findings will inform policymakers on the critical factors that underpin a resilient economy and help design measures that mitigate the adverse effects of future shocks. By identifying areas for improvement in recovery efforts, the research contributes to creating a more robust economic framework that supports sustainable growth and stability.
Scope and Limitations of the Study
The study is limited to analyzing post-crisis recovery strategies and their impact on economic resilience in Nigeria. It focuses on macroeconomic and institutional factors, excluding sector-specific analyses.
Definitions of Terms
• Economic Resilience: The capacity of an economy to absorb shocks and recover quickly.
• Post-Crisis Recovery Strategies: Policy measures implemented to restore economic stability after a downturn.
• Determinants: Factors that influence the ability to recover and sustain growth.
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