EFFECT OF RECESSION ON NIGERIA ECONOMIC GROWTH AND DEVELOPMENT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This study focuses on the impact of recession on economic growth in Nigeria from 1980 to 2017. The Nigerian economy recently has been plunged into recession. This is as a result of over dependence on imports, falling prices of oil revenue, low investment inflows and high level of corruption. The study uses two multiple regression analysis of time series data on selected macroeconomic variables. The Augmented Dickey Fuller (ADF) unit root test, Johansen cointegration test and Error Correction Mechanism (ECM) were adopted and analysed. The research findings revealed negative impact of recession on economic growth in Nigeria and on the lives of Nigerians. It also brings out the deeper structural problems inherent in the Nigerian economy and proffer solutions to pull Nigeria out of the recession. This result is in line with the findings of Agri, Mailafia and Umejiaku (2017). It therefore recommends positive change on the part of Nigerian government and Nigerians in general for structural, fiscal and monetary reforms that will spur growth through government – private partnership. The study therefore concludes that Nigeria can come out of the recession a better country only if it can diversify its economy
and avoid over-dependence on oil revenue, patronise made in Nigeria goods, be able to attract investment inflows into the economy and above all, free itself from corruption which is a hindrance to economic growth. In doing this, Nigeria can come out of the recession a better country.
Related Project Materials
FACTORS RESPONSIBLE FOR CHILD ABUSE AND NEGLECT AMONG PARENTS IN IKA SOUTH LOCAL GOVERNMENT AREA OF DELTA STATE
Abstract
This study is on factors responsible for child abuse and neglect among parent in Ika South local governme...
DESIGN AND IMPLEMENTATION OF LOCAL GOVERNMENT PERSONNEL INFORMATION SYSTEM
Statement of Problem
Personnel management involves a lot of paper work and the consequence of this is that it is difficu...
EVALUATION OF THE ADAPTATION STRATEGIES TO CLIMATE VARIABILITY AMONG ARABLE CROP FARMERS
Background of the Study
Agriculture is one of Nigeria's most significant economic sectors, accounting for over 42 pe...
AN EVALUATION OF PERFORMANCE OF SENIOR SECONDARY SCHOOL STUDENTS IN GEOGRAPHY IN SOME SELECTED SECONDARY SCHOOLS
Background To The Study
In the present age of science and technology, secondary school is viewed as a c...
THE ROLE OF ACCOUNTING FOR HEDGE FUNDS AND ALTERNATIVE INVESTMENTS
Abstract: THE ROLE OF ACCOUNTING FOR HEDGE FUNDS AND ALTERNATIVE INVESTMENTS
This study aims to: (1) assess the unique accounting challen...
IMPACT OF MOTOR DEVELOPMENT IN CHILDREN WITH CEREBRAL PALSY ON THE QUALITY OF LIFE AND GENERAL HEALTH STATUS OF CAREGIVERS
ABSTRACT
Cerebral Palsy (CP) is a neuropaediatric condition which occurs as a result of damage to an immature brain resulting in abnormal...
YOUTH ANTI SOCIAL BEHAVIOUR AND SOCIAL LEVEL ON SOCIAL ECONOMIC DEVELOPMENT IN OBIO/AKPOR LGA OF RIVERS STATE.
ABSTRACT
This study was carried out to examine unemployment among youth and increase in crime in Obio/Akpor Local Go...
AN ASSESSMENT OF TWITTER BAN ON NIGERIA’S IMAGE IN THE INTERNATIONAL COMMUNITY
ABSTRACT
This focus of this study is to assess twitter ban on Nigeria’s image in the internationa...
AN ASSESSMENT OF ISSUES, PROBLEMS AND PROSPECTS OF ACCOUNTING IN THE NIGERIA PUBLIC SECTOR
BACKGROUND OF THE STUDY
Accounting is sometimes referred to be the "language of business," wi...
STRESS AND COPING STRATEGIES AMONG MARKET TRADERS
Background Of The Study
Work-related stress is an increasing concern across the globe, affecting not ju...
