IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 3 NO. 3 2017

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Effects of Niger Delta Militancy on the Economic Development of Nigeria (2006-2016)

Ikechukwu Dialoke (Ph.D) & Marshall S. Edeja

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Abstract

The study focused on the effects of Niger Delta militancy on the economic development of Nigeria from 2006-2016. The study was based on secondary data extracted from CBN statistical bulletin for the various years, Federal Office of Statistical annual account (FOS) and Nigeria National Petroleum Corporation (NNPC). Pearson Product Moment Correlation was used to analysed the data. The major finding revealed that: there is a negative and significant correlation between Niger Delta militancy activities and the economic development of Nigeria for the period of years under review. The researcher concluded that Nigerian economy is oil driven and a blow on the oil installations will be a blow on the economy, and recommends that the federal government, the environmental activists, and other stakeholders in the region should come together to chat a new road map to sustainable development of the region through dialogue, equitable oil revenue sharing formular, increase employment quota to the indigenes, sustenance of the amnesty and youth skill acquisition programmes, good governance by the various levels of government, provision of essential social infrastructure, as well as strict adherence to international environmental standards by the oil companies. Because unless the discontent that leads to the crises or agitation are resolved, and on time, the militancy could worsen and trigger off terror and insecurity in the region, which will further reduces the foreign direct investment and spur capital flight that will drastically cripple the economy.

keywords:

Niger Delta militancy, Economic Development of Nigeria

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