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All Journal Economics, Business, Accounting & Society Review International Journal of Economic, Finance and Business Statistics (IJEFBS)
David, Abroad E
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Massive Governance, Miserable Populace: Cost Of Governance As Economic Growth Decelerator In Nigeria Udoinyang, Nathan; Daniel, Reuben; Ifeoma, Grace E; Eduviere, Victoria O; Nkemdilim, Ebor R; David, Abroad E
Economics, Business, Accounting & Society Review Vol. 3 No. 2 (2024): Economics, Business, Accounting & Society Review
Publisher : International Ecsis Association

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55980/ebasr.v3i2.141

Abstract

This study looks at massive governance, miserable populace: cost of governance as economic growth decelerator in Nigeria. This study used surveys to collect a total of 310 respondent. Looking back, we see how cost of governance become a negative impact on Nigeria's economic growth; We see that revenue from many sectors is used to finance massive governance which slows down the growth of Nigeria, massive governance weakens the Nigerian economy and slows down the growth of Nigeria economy. The heavy debt service economy has become the basis of Nigeria's economic growth, leading to excessive and ineffective spending of Nigerian funds by the political class. The study concluded that Nigerians will experience sustainable economic growth that will lead to development if she promotes and accepts a part-time unicameral legislature which will reduce the size of the political class and the salary structure, her economy will continue to slow down, thereby causing population poverty and course diseases in the country. The study also makes some recommendations to Nigerians and policy makers. Implication of this research is that by adopting a part-time unicameral legislature to minimize governance costs.
The Relationship Between Cybercrime and the Nigerian Economy: Causes, Implications and the Path Forward Udoinyang, Nathan; Daniel, Reuben; David, Abroad E
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 4 (2024): August 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i4.2583

Abstract

This research examined the relationship between cybercrime and the Nigerian economy: Causes, implications and path forward. Data from banks and her clients was gathered for this research using a survey approach. Access Bank, First Bank, GT Bank, UBA, and Zenith Bank are some of these banks. In order to get the effects from experts, the University of Port Harcourt's Bursary Department, Ignatius Ajuru University of Education's Computer Science Department, and others were selected. The random sampling approach was used in order to get a sample size of 300 from the intended population. To collect the required data, a self-structured questionnaire titled Cybercrime and the Nigeria Economy: Causes, Implications, and Path forward (C.N.E.C.I.P.F.) was filled out. A total of 300 questionnaires were personally administered to the respondents, 260 copies were retrieved and used for data analysis and interpretations using a simple percentage procedure with aggregate criterion of 50%. Reviewing the causes of cybercrime in Nigeria among others are: Urbanization and civilization; unemployment; poor implementation of cybercrime laws and inadequate equipped law enforcement agency; corruption etc. Our findings also review that the implications of cybercrime on Nigeria’s economy are: disruption of business operation; loss of revenue; monetary losses etc. Although cybercrime cannot be completely eliminated, it may be lessened in intensity, according to the research's findings. The research also made a number of recommendations and concluded that to reduce the extent of cybercrime in Nigeria to a minimum, there is a need for citizens, businesses, and the government to actively collaborate.
Co-Authors Daniel, Reuben Eduviere, Victoria O Ifeoma, Grace E Nkemdilim, Ebor R Udoinyang, Nathan