Socio-economic appraisal of agitations by local oil communities: Evidence from Nigeria

COVID‐19 has caused economic hardship globally. Several economies are making efforts to cushion these negative effects. Following the lockdown and downward trend of global oil prices, the Nigerian economy has been hard hit. This paper sheds light on policy actors' views vis‐à‐vis what should be the economic policy response of the Nigerian government to cushion the effects of COVID‐19 and ensure quick economic recovery. A multistage random sampling method was used to select and interview 635 policy actors drawn from academia/research institutes, civil society organizations, development partners, international NGOs, national NGOs, the private sector, and the public sector. The study adopted a participatory development approach. Descriptive and deductive analysis methods were used. The results support direct cash transfers to households, and small and medium scale enterprises (SMEs) as the policy option that would have huge impact in mitigating the economic effects of COVID‐19 in Nigeria. The second most recommended policy option is the eradication of corruption among government officials. The paper recommends that pragmatic actions towards eradicating corrupt practices among government officials should be an integral part of any economic recovery policy in Nigeria and other emerging economies.

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Nigerian economic policy response to COVID‐19: An evaluation of policy actors' views

Ojide¹,

Agu²,

Ohalete

et al. 2022

Poverty & Public Policy

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Restructuring and Reshaping Africa Oil Exporting Countries Post COVID-19 – A Participatory Development Strategy Approach

Agu

Omolade

2022

Folia Oeconomica Stetinensia

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Research Background: The COVID-19 pandemic has the capacity of severely disrupting economic activities and triggering economic crisis, especially in Africa’s Oil Exporting Countries (AOECs). The African economy is likely to be the worst hit, especially the Africa Oil Exporting Countries (AOECs), as they have been majorly low income countries and considering the fall in oil prices, as oil revenue forms a major source of their revenue and government expenditure. Purpose: This study explored the stakeholders’ opinions on reshaping and restructuring the economies of six African Oil Exporting Countries, with the aim of ascertaining the views of academics within the six AOECs, as regards the economic revival post COVID-19. Research methodology: The study utilized the Participatory Development Strategy Approach (PDSA), employing the Cronbach Alpha Reliability test, Estimated Response Rate (ERR) and Explanatory Factor Analysis (EFA) to extract opinions from 1,260 stakeholders within the six AOECs. Results: The results show that the stakeholders are of the opinion that the solutions to the rebuilding of AOECs are multi-faceted, suggesting a mixture of both government and private institutions in varying degrees. Some of the respondents favoured going back to agriculture and agribusiness to revamp their economies. Novelty: The study utilized an uncommon methodology; the Participatory Development Strategy Approach (PDSA) to achieve its objective. The PDSA is meant to allow the affected stakeholders’ participation in the policy making process. The respondents were purely academics, as it is believed that academics are the sources of hope of solving myriads of human challenges such as hunger and economic crisis.

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Socio-economic appraisal of agitations by local oil communities: Evidence from Nigeria

Cited by 2 publications

References 3 publications

Nigerian economic policy response to COVID‐19: An evaluation of policy actors' views

Nigerian economic policy response to COVID‐19: An evaluation of policy actors' views

Restructuring and Reshaping Africa Oil Exporting Countries Post COVID-19 – A Participatory Development Strategy Approach

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