Exploring the Impact of Public Debt on Insecurity In Nigeria
DOI:
https://doi.org/10.46799/jst.v5i8.999Keywords:
Public Debt, Insecurity, Unemployment, Poverty, Level of EducationAbstract
This study investigated the impact of public debt on insecurity in Nigeria. In the analysis, the study also sought to estimate how poverty, unemployment and level of education can affect insecurity in Nigeria. The study however, used annual time-series data covering the period from 1982-2023 using Autoregressive Distributed Lag Model (ARDL) as technique of data analysis. From the econometrics results the study revealed that unemployment, poverty have a significant positive influence on insecurity in Nigeria. Further, public debt and level of education also have a significant positive effect on insecurity in Nigeria over the sampled period. Based on the results, the study recommended that government should tackle corruption in the defense sector this is because the correlation between corruption and insecurity is positive. The need to provide and improve education and job opportunities to teaming graduates should also be prioritized. With access to quality education and job opportunities youth and fresh graduates will be able to lead production lives and make positive contribution.
Downloads
References
Adekunle, J. K., & Oyewole, O. (2022). Nexus between military expenditure, national insecurity and economic growth in Nigeria. International Journal of Economics, Commerce and Management.
Barna, J. (2014). Insecurity in context: The rise of Boko Haram in Nigeria. Policy Department: Directorate-General for External Policies. DG EXPO/B/PolDep/Note/2014_113. PE, 536.
Edeme, R. K., & Nkalu, C. N. (2019). Growth and fiscal effects of terrorism in Nigeria. In The Impact of Global Terrorism on Economic and Political Development (pp. 293–306). Emerald Publishing Limited.
Hess, P. N. (2016). Economic growth and sustainable development. Routledge.
Kararach, G., Oduor, J., Sennoga, E., Odero, W., Rasmussen, P., & Balma, L. (2022). Public investment efficiency, economic growth and debt sustainability in Africa. African Development Bank.
Mbah, S. A., Agu, O. C., & Aneke, C. E. (2021). Does Internal Security Expenditure Impact on Economic Growth in Nigeria? Acta Universitatis Danubius. Œconomica, 17(2).
Muoemenam, C. C., & Okafor, U. C. (2022). National Security and the Proliferation of Small Arms and Light Weapons in Nigeria, 2010-2022. Zik Journal of Multidisciplinary Research, 5(1).
Nwoye, C. O., Alexander, A. A., Saheed, Z. S., Bernard, O. A., & Ayodeji, S. (2024). Impact of internal security expenditure on economic growth in Nigeria. International Journal of Intellectual Discourse, 7(1), 48–58.
Odo, S. I., Igberi, C. O., & Anoke, C. I. (2016). Public debt and public expenditure in Nigeria: A causality analysis. Research Journal of Finance and Accounting, 7(10), 27–38.
Ojonye, S. M., Jumbo, D., & Oboh, I. C. (2024). Impact of Public Debt on Economic Growth in Nigeria: 1981–2022. African Banking and Finance Review Journal, 10(10), 94–103.
Okwoche, P., & Nikolaidou, E. (2024). Determinants of external, domestic, and total public debt in Nigeria: the role of conflict, arms imports, and military expenditure. Defence and Peace Economics, 35(2), 227–242.
OTIKO, U. N., & IHEONKHAN, I. S. (2022). Debt Servicing and Economic Growth in Nigeria: Moderating Effect of Corruption. Baze University Journal of Entrepreneurship and Interdisciplinary Studies, 1(1).
Udeh, S. C., & Nwokorobia, C. (2021). Land border closure: Implications for national security in Nigeria. African Journal of Social Issues, 4(1), 63–86.
Udeh, S. N., UGWU, J. I., & Onwuka, I. O. (2016). External debt and economic growth: The Nigeria experience. European Journal of Accounting Auditing and Finance Research, 4(2), 33–48.
Yusuf, A., & Mohd, S. (2023). Growth and fiscal effects of insecurity on the Nigerian economy. The European Journal of Development Research, 35(4), 743–769.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Manir Umar, Zubairu Muhammad Suleiman
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International (CC-BY-SA). that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.