SOURCE:

Faculty: Management Sciences
Department: Accountancy

CONTRIBUTORS:

Ewiwile, S.
Osisioma, B. C.
Okoye, E. I.

ABSTRACT:

The study ascertained the effect of cost of conflict in Nigeria’s economy from 2000 - 2018. The thrust was to examine the effect of Foreign Direct Investment, capital expenditure, Military expenditure, unemployment rate and investment in Human capital on Nigeria’s Gross Domestic Product (GDP). Data were collected from the publication of Central Bank of Nigeria (CBN) statistical Bulletin for various years, National Bureau of statistics and World Bank Indicators 2018. Ex-post facto research design was employed. The data collected were subjected to both descriptive and inferential statistics. Finally, Ordinary Least Squares (OLS) regression techniques and chow - test statistical tool with the aid of SPSS version 20.0 was employed to test the five Hypotheses in pre and post effect of the cost of conflict. It was discovered that Foreign Direct Investment (FDI), capital expenditure, military expenditure, unemployment rate and investment in human capital had significant effects on Nigeria GDP. Based on these findings, it was recommended among others that Government should address the problem of insecurity in the country squarely in order to encourage more inflow of Foreign Direct Investment (FDI) in Nigeria to boost economic growth .