An Analysis of Nigerian Recession
Authors
Abstract:
Over the years, Nigeria depends on crude oil proceeds as the major source of national income, foreign exchange and external reserves. This dependence coupled with the huge cost of running and maintaining the political structure among other factors prove disastrous by leading the economy to the worst recession in decades. We therefore, chronicle the origin, effects and way out of the recession via trend analysis and desk review. Having analyzed the remote and immediate causes of the recession, we observed that the dependence on crude oil whose price is highly volatile made the Nigerian economy susceptible to shocks. Hence the oil price and output shocks coupled with high cost of governance, excessive importation, corruption, sudden implementation of Treasury Single Account (TSA), insurgency and Niger Delta Militancy among other factors destabilized all macroeconomic variables and threw the economy to the worst scenario of recession (stagflation). Thus, diversification of the Nigerian economy by prioritizing agriculture and manufacturing, massive fiscal stimulus plan to enhance domestic infrastructure and production, re-injection of recovered loots, resolution of Niger Delta militancy among other policies are recommended to ameliorate the effects of current recession and strengthen the structures of the economy in order to prevent reoccurrence of economic recession in the country.
similar resources
an infinite planar array of rectangular microstrip patch antenna analysis
the methods which are used to analyze microstrip antennas, are divited into three categories: empirical methods, semi-empirical methods and full-wave analysis. empirical and semi-empirical methods are generally based on some fundamental simplifying assumptions about quality of surface current distribution and substrate thickness. thses simplificatioms cause low accuracy in field evaluation. ful...
15 صفحه اولCraniometric Analysis of Nigerian Population
Introduction: The existence of sexual dimorphism in human skeletons especially skull and its medico-legal importance had long been studied [3] [2,1]. This study has investigated the existence of sexual dimorphism in cranial dimensions of Nigerian population. Methods: A total of 100 adult dry skulls, (78 males, 22 females) free from damage and deformity fully ossified from Departments of Ana...
full textAnalysis of Khorramabad Motahari Karstic Springhead (Sarab) Recession Curve Based on Recession Coefficient during Hydro-Climatic Fluctuations
The hydrographic specifications of the karstic spring and the recession coefficient can reflect the hydro-climatic fluctuations and physical and geological characteristics of the aquifer system recharging the spring. In this study, in order to identify the hydrological geological behavior of Khorramabad Motahhari karstic Springhead (Sarab) during hydro-climatic fluctuations, quantitative analys...
full textcraniometric analysis of nigerian population
introduction: the existence of sexual dimorphism in human skeletons especially skull and its medico-legal importance had long been studied [3] [2,1]. this study has investigated the existence of sexual dimorphism in cranial dimensions of nigerian population. methods: a total of 100 adult dry skulls, (78 males, 22 females) free from damage and deformity fully ossified from departments of anatomy...
full textGenetic Analysis of Nigerian Indigenous Goat Populations Using Microsattelite Markers
This study was conducted to determine the genetic relationships among and population history of four Nigerian indigenous goat populations. A total of 200 goats from three breeds namely Sahel (60), Red Sokoto (60), West-African dwarf (60) and Kano Brown, a strain (20), were used for the study. Tissue samples were collected from the ear of animals using an Allflex® ear punch tissue sample collect...
full textObjective hydrograph baseflow recession analysis
UC Center for Hydrologic Modeling, University of California, Irvine, CA 92697, USA b Jet Propulsion Laboratory, California Institute of Technology, Pasadena, CA 91109, USA Department of Earth System Science, University of California, Irvine, CA 92697, USA Department of Civil and Environmental Engineering, Tufts University, Medford, MA 02155, USA Department of Civil and Environmental Engineering...
full textMy Resources
Journal title
volume 4 issue 1
pages 19- 28
publication date 2019-01-01
By following a journal you will be notified via email when a new issue of this journal is published.
Hosted on Doprax cloud platform doprax.com
copyright © 2015-2023