Effects of militancy in nigeria economy pdf

The study covered two geopolitical zones southsouth and northeast of. The main objective of this research is to ascertain the effects of recession on youth unemployment in nigeria, since they comprise the most dynamic part of the society and they embody the hopes for a viable and of equal chances growth in the near future. Introduction the niger delta crisis has, in very recent times, taken a much more dangerous dimension, under scoring the failure of governments and nonstate actors, including the multinational companies mncs to bring the crises to an end. The low level of oil production as a result of insecurity of lives and properties in the region has a strong negative impact on the nigerian economy. Download undergraduate projects topics and materials accounting, economics, education. Despite these, the level of insecurity in the country. The effect of niger delta militancy in nigeria economy answers. Pdf the impact of militancy, insurgency and forced displacement. Understanding the armed groups of the niger delta final. The effect of the cost of militancy and unrest or peace accounting. D student of political science at the department of political science university of ibadan ibadan, nigeria abstract the military is not by inclination trained to rule, but to defend. It is oil wealth that sustains the nigerian economy ever since the commodity displaced agricultural resources as the mainstay of the nations economy in the 1970s. In nigerias oilrich south, a resumption of militancy has seen armed groups attack oil installations, hobbling nigerias oil production and exports. Nigeria now has a bigger internal security threat than boko haram.

An analysis of the effects of insecurity on capital market and. The first step examined the ethnic, religious factors and the history of military coups detat. This research work examines the effect of militancy on the development of the nigeria states. The focus of this research paper is on the causes and effects of youth restiveness and militancy in the niger delta region of nigeria, as perceived by the niger delta university undergraduates in bayelsa state of nigeria. The study covered two geopolitical zones southsouth and northeast of nigeria. Thus, despite the economic reforms that in fact date back to obasanjos belt tightening in the late 1970s, crude oil exports till today account for between 90 and 95% of nigerias external earnings, and with the level of domestic economic activities dwindling by the day, crude. Major causes of militancy in niger delta research cyber. Introduction nigeria has all it takes to be great in terms of human and.

The impact of military coup detat on political development in nigeria olorungbemi simeon toyin ph. Since then, the extraction of oil by western and more recently chinese obi 2008 oil companies and the revenue this has accrued to the nigerian government have become central to the political economy of nigeria. Unemployment, psychological trauma, militancy and boko haram. Mar 27, 2015 nigeria imports lots of goods, including fuel and food, so the cost of the essentials will increase. One of the effects of militancy is lack of employment. Causes of nigeria s economic challenges ineffective leadership and corruption. In the beginning, the oil drilling in the region really stimulated nigeria s economy and was extremely beneficial to the country. The malaise of corruption is a threat to the survival of the nigeria economy, no doubt. But even more terrible effect of terrorism is a threat to peoples lives. This research work attempts to explore the impact of ongoing terrorism and violence on the economies of the aforementioned regions in nigeria. Nigeria, in addition to being the worlds most populated african country, is also the largest producer of oil and gas in africa. It is indeed, impossible to obtain development where there is crisis. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the nigerian economy. This study presents the analysis of the impacts of militancy, insurgency and forced displacement on nigerian economy.

Opeyemi 2008 observes that there are cases of unemployment, retrenchments, downsizing and layoffs, which served as indications to a troubled economy. The recent economic recession came into limelight in the year 2008 to 2009 when the annual growth rate of nigeria dropped from over 9% to 6. In the beginning, the oil drilling in the region really stimulated nigerias economy and was extremely beneficial to. These militant activities would negatively impact on the image and economy of nigeria. Years of political and economic marginalization, environmental degradation, bad governance and policy inconsistency by the government, and the divide and rule policy of the oil companies led to emergence of militancy in the niger delta in the early 2006. In nigeria the variables range from, theft to armed robbery, kidnapping, assassination, unemployment, high cost of living e. Pdf the history of nigeria is blighted by ferocious conflicts since her independence. The study adopts the marxian political economy approach. The united states must understand not only nigerias root problems, but also how nigeria deals with these problems internally and externally. Pdf the impact of militancy, insurgency and forced. Insurgency and its implication on nigeria economic growth. Militancy in the niger delta region has led to the loss of revenue accruable to the federalgovernment of nigeria. From the odi crisis of 1999, the communal conflicts in jos in 2008, to the pressures put on the government between 20072011 by movement for the emancipation of the niger delta mend, movement. Using nigeria as a focus, this paper seeks to examine the security challenge posed by the militancy in the niger delta region and the boko haram insurgency in the northern states to the nigerian state.

The case of plateau state of nigeria abubakar sokoto mohammed 1. It also aims at making policy recommendations and proffering sustainable solutions that will ensure national security in nigeria. To effect the implementation of the presidential pardon, centres are to be. Nigerian oil was first discovered in the delta town of oloibiri in 1958 by shell.

The insurgent environment of the nigeria economy refers to the variables that affect the achievement of growth but then which the economy has little indirect control. Throughout the last decade or so nigeria has supplied around 810% on average of us oil imports and within a decade, as the deepwater fields are exploited and as new reserves are discovered, nigeria could be producing annually far in excess of venezuela or kuwait. Sep 18, 2018 the crisis in niger delta has had major impacts on development and sociocultural relations in the niger delta in particular and in nigeria in general. Effects of money laundering on the economy of nigeria. Pdf this study presents the analysis of the impacts of militancy, insurgency and forced displacement on nigerian economy. Nigeria s army effected the development of the nationstate. Ethnic militancy and internal terrorism on nigerias national security 61 20072011 has significantly affected the countrys economy. Estimates say those affected states account for 7% of the economy, and boko haram is only active in a portion of those states. Militancy in niger delta nigeria is resulted from the consciousness of exploitation being perpetrated by the nigerian state against the indigenous people, and the struggle to change the status quo. The united states must understand not only nigeria s root problems, but also how nigeria deals with these problems internally and externally. Easy project materials website, free research project topics and materials.

But the region of nigeria where the oil is produced, the delta, has been environmentally despoiled. It relied on secondary source such as books, journals, newspaper articles. Pdf the economic consequence of militancy in the niger delta. The second step examined the effect of military governance on education, the economy, and foreign policy. The available literature on the issue of terrorism with the economy in the northern and southern regions of nigeria is. Monday uijiakhien okojie abstract the frequency of conflicts. The researcher came up with some subobjectives during the course of the study which include. However, the amnesty programme which was thought out as a viable policy thrust that could dowse the air and bring peace to bear on the region, neglected the women, children and nonviolent youths of the area. The effect of fiscal policy on economic growth in nigeria. This study investigated the effect of fiscal policy on economic growth in nigeria. Whereas oil accounts for 90% of nigerias exports and over three.

Nigeria, frustrationaggression, boko haram, insecurity, corruption, sustainable development. The impact of insecurity and poverty on sustainable economic. The study focused on the effects of niger delta militancy on the economic development of. These set of militant during the cause of prosecuting their objective have destroyed properties worth billions of naira. The researchers then develop the theoretical framework they used to analyze the cost of militancy and unrest or peace accounting on the productivity of firms in nigeria the nigerdelta case. Indeed, as reported by tell 2008, niger delta region is the hub of oil and gas production in. Terrorism is a grave threat to any nations growth and development, as well as the welfare of its citizens. In the end,chisquare was used to test the relationship between militancy and the economy. The niger delta region encompasses about 8% of nigeria s landmass and is the largest wetlands region on the african continent. Whereas oil is the fulcrum of the nigerian economy, the ethnic minorities populated niger delta which bears the burden of oil and gas production paradoxically.

Nwogwugwu, ngozi, alao olatunji emmanuel and egwuonwu, clara abstract the niger delta region of nigeria, reputed to be one of the most richly endowed deltas in the world, contributes about 80% of nigerias national wealth. Unemployment, psychological trauma, militancy and boko. Capital economics says it has cut its 2015 growth estimate for nigeria from 6. It is worthy to note that the oil from the region is the life blood of the nigerian economy, nigeria depends up to 90 percent on foreign exchange from oil gotten from the region akeem, 2010. Monday uijiakhien okojie abstract the frequency of. Thus, despite the economic reforms that in fact date back to obasanjos belt tightening in the late 1970s, crude oil exports till today account for between 90 and 95% of nigeria s external earnings, and with the level of domestic economic activities dwindling by the day, crude. Nigeria now has a bigger internal security threat than. The end of 2011 general election in nigeria results to mass recognition of another set of militant popularly called boko haram. This study uses secondary data which were obtained from the statistical bulletin of the central bank of nigeria cbn covering the period from 1985 to. The flow of remittance to nigeria 19802008 million usd.

Jan 19, 2017 in nigerias oilrich south, a resumption of militancy has seen armed groups attack oil installations, hobbling nigerias oil production and exports. The design adopted for the study is the descriptive survey design. It is ranked as the 27thlargest economy in the world in terms of nominal gdp, and the 22ndlargest in terms of purchasing power parity. The effect of the cost of militancy and unrest or peace. The resurgence of militant group has renewed the growing tension of conflict in the niger delta and has continually posed a fundamental domestic challenge to nigerian security for more than a decade.

Effects of money laundering on nigerian economy the economic effect of money laundering in nigeria is enormous. Nigerias champagne economy bucks boko haram effect bbc news. Many civilians suffer from terrorist attacks, we can see killings, kidnapping, and thefts of property. The effect of niger delta militancy in nigeria economy. In this article, we examine the effects, implications, and consequences of militancy in niger delta on sociocultural, economic and human resource development of the area, in particular and nigeria in general. Ahoada east local government areas of rivers state, nigeria. For so many years, the niger delta region has been oppressed by the military and civilian government.

Effects of terrorism on the international business in nigeria. The consequences of militancy in nigerias niger delta. This article is useful for curious knowledge seekers, researchers as well as policymakers in nigeria. Niger delta militancy, economic development of nigeria. Nigeria is a major player in west africa, and the united states must make a concerted effort to understand the true nature of her problems figure 1.

In nigeria, the most prominent and vocal opposition against sap came from the public sector employees ably represented by the academic staff union of universities asuu and the nigerian labour congress nlc. The economy of nigeria is a middleincome, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. Another effect of militancy in the niger delta is an erosion of investor confidence. Development and sociocultural implications of militancy in niger delta. Effects of exchange rate movements on economic growth in nigeria. The impact of militancy, insurgency and forced displacement on. This research sought to investigate the causes and effects of militancy and kidnapping in the niger delta region, its implication on nigeria economy and transnational cooperating in the region. Nigeria had, of course, become an archetypal oil nation. The niger delta environment suddenly got bugged by acts of violence like pipeline vandalism and hostage taking kidnapping for ransom money dode, 2005. Despite the rise in government expenditure in nigeria over these years, there are still public outcries over decaying infrastructural facilities. Thus, militancy in niger delta has severe negative implications for the development of the area and nigeria.

Corruption is a big cankerworm that has really eaten deep into the fabric of our nation. Oil is produced in the niger delta, located in the southern part of the country. With the crash, it was apparent that the nigerian economy faces the crippling effects of global economic crises resulting to breakdown and decline in economic vigor. The impact of military coup detat on political development. Consequences of militancy in niger delta research cyber. The niger delta region encompasses about 8% of nigerias landmass and is the largest wetlands region on the african continent.

Nigerias champagne economy bucks boko haram effect. As a result, this situation adversely affects the economy of the country. Also, the study looked at the relationship between corruption and. The effects of militancy on development of the nigeria state, largest undergraduate projects repository, research works and materials. The impact of insecurity and poverty on sustainable. Undoubtedly, nigeria is a monocultural economy that depends mainly on oil. Introduction nigeria has all it takes to be great in terms of human and natural resources and wants to be one of.