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INSURGENCY AND ITS IMPLICATION ON NIGERIA ECONOMIC GROWTH
Abstract
The study deals with the implication of insurgency on Nigeria economic growth. The study proceeded with the objective i.e. to investigate the implication of insurgency on Nigeria economic growth. The secondary source of data collection was employed to collect the data and OLS regression was used to analyse the data. Gross domestic product is the dependent variable, and it proxies’ economic growth, while human development index, Global peace index, corruption rank, corruption perception index and relative corruption rank proxies insurgency which is the independent variable. The result of the findings indicated that there is a linear relationship between GDP and the five independent variables. The economy responds favorably to measures taken to improve human capital development in Nigeria. The GPI has negatively affected economic performance in the last 10yrs; the RCI has positive relationship with GDP until late 2014 when there was fall in oil price and the demand for Nigeria oil. The negative impact of CR and CPI has critically brought a downturn in economic performance generally. Government must discourage the attractiveness of public offices by running a low cost government and invest more in public goods for the benefit of her citizenry. Public offices should be less attractive, proactive measure should be put in place to tackle insurgency both tactically and institutionally, the military must be strengthened.
Keywords: Insurgency; Economic Growth; Corruption Rank; Human Development Index; Corruption Perception Index; Relative Corruption Index