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All Journal Green Social: International Journal of Law and Civil Affairs Green Economics: International Journal of Islamic and Economic Education
Sulaiman T.H
Crown University Intl Chartered Inc
Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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An Analyzation of Nigerian Democratic Government and Corruption Reflection : Elected Between 2019 and 2024 Ajiteru,S.A.R; Sulaiman T.H; Abalaka, J.N
Green Social: International Journal of Law and Civil Affairs Vol. 2 No. 1 (2025): International Journal of Law and Civil Affairs
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/greensocial.v2i1.150

Abstract

This paper's goal is to undertake a critical evaluation of Nigerian democracy's speed, practices, patterns, priorities, issues, and future. Although Nigeria is still run by democratically elected officials, after a century as a political entity, Nigeria has yet to institutionalize democracy at the federal and state levels. After more than 50 years of political independence, the study examines some of the challenges Nigeria faces in institutionalizing democracy. These include the nation's colonial past mixed with the whims of deeply ingrained ethnicity; a smug and extravagant leadership; the military's constant meddling in the democratic process; electoral fraud; widespread poverty; and a high rate of illiteracy. According to the publication, corruption is the main cause of most of the aforementioned issues and has essentially taken on a life of its own in Nigeria. However, the study argues that despite the aforementioned, there is still hope for a politically secure and democratically viable People's enthusiasm to vote, the multi-party system's relative stability and sustainability, and the widespread recognition that the only legitimate and well-liked path to gaining political power is through the voting booth are what define the nation. The historical approach of data analysis—simple descriptive collation and analysis of historical data—is used in this paper, which draws its data from primary and secondary source materials.
Analysis of the Relationship Between External Debt and Economic Growth and Development in Nigeria Abalaka, J.N; Sulaiman T.H; Ajiteru,S.A.R
Green Economics: International Journal of Islamic and Economic Education Vol. 2 No. 2 (2025): April: Green Economics: International Journal of Islamic and Economic Education
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/greeneconomics.v2i2.192

Abstract

With a focus on Nigeria specifically, this study examined the country's external debt and economic growth from 1985 to 2014. The underdevelopment of Nigeria is one of the study's main issues economy. Measuring how external debt affects the country's growth is one of the study's goals. According to the theoretical perspective, external debt is a tool of fiscal policy that closes the savings gap. The ex-post facto method of design was the research design employed in this study. With GDP as the dependent variable and multilateral debt, Paris Club debt, London Club debt, promissory notes, and other debt as the independent variables, the findings were analyzed using the ordinary least square multiple regression analytical approach. The hypotheses were tested using the Pearson correlation and the student T-test. All types of external indebtedness contributed to the GDP's development, according to the data analysis, the Pearson While the dependent variable had a direct link with the other independent variables, GDP had an inverse association with Paris Club debt and promissory notes, as described by correlation. In order to reject the null hypotheses and accept the alternative hypotheses, the tested hypotheses showed that each independent variable had a positive influence and was significant to the effect of the dependent variable. According to the study's findings, Nigeria's economic growth is significantly impacted by external debt, and as a result, better management of these borrowings is advised in order to achieve sustainable growth.
An Evaluation of Nigeria’s Socioeconomic Development and the Impact of Governance Cost on Economic Growth 2019-2024. Ajiteru,S.A.R; Sulaiman T.H; Abalaka, J.N
Green Economics: International Journal of Islamic and Economic Education Vol. 2 No. 2 (2025): April: Green Economics: International Journal of Islamic and Economic Education
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/greeneconomics.v2i2.194

Abstract

The study looked into how Nigeria's democratic system's economic growth was impacted by the cost of governance. The cost of governance factors is divided into general GDP was the dependent variable and a stand-in for economic growth, while administration, defense, internal security, and national assembly were the explanatory variables. The study examined Nigeria's fourth republic's civil rule from 2019 to 2024. Ordinary Least Square regression and diagnostic tests were performed. The findings indicate that while internal security (-106.17 ISEC) has a negative impact on GDP, general administration (8.67 GA), defense (169.99 DEF), and national assembly (496.50 NAS) have favorable effects. According to the hypotheses' summary, (1) the federal government's expenditure on general administrations has no discernible positive impact on Nigeria's economic growth; (2) the federal government's expenditure on defense has a discernible positive impact on Nigeria's economic growth; and (3) the federal government's expenditure on internal Nigeria's economic growth is significantly impacted negatively by security, whereas the country's economic growth is significantly impacted positively by the federal government's national assembly costs. The research suggested, among other things, that the funds allocated to internal security be examined and that cost-benefit studies be performed on the parastatals that receive the funds.
IMF Policies and Nigeria’s Relationship : Lending Preconditions From 2019 To 2024. Sulaiman T.H; Ajiteru,S.A.R; Abalaka, J.N
Green Economics: International Journal of Islamic and Economic Education Vol. 2 No. 2 (2025): April: Green Economics: International Journal of Islamic and Economic Education
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/greeneconomics.v2i2.196

Abstract

Nigeria's economy has been severely stagnant since the 1980s. Afrocentric literature charts the nation's history, whereas Eurocentric literature identifies the Nigerian civil war and the corrupt practices of its leaders as the primary cause economic hardships to her historical colonial dominance and economic exploitation activities. However, none of the aforementioned reasons provide stronger support for being the cause of the nation's economic dysfunction, particularly when contrasted with IMF measures implemented there. The IMF's policies on Nigeria's Structural Adjustment Program (SAP) and its Loan Conditionality are partially shown in this article to be "the crux impediment facing the country." As a result, the paper makes the case that, among other mismanagement policies, General Ibrahim Babangida's acceptance of IMF loans contributed to the nation's economic problems and backwardness. Using primary and secondary sources, the study makes the argument that its riches would be restored by a more inclusive economic system free of the current extractive economic practices.
Co-Authors Abalaka, J.N Ajiteru,S.A.R