The Social Sciences

Year: 2012
Volume: 7
Issue: 1
Page No. 36 - 43

Impact of Social Crises on Economic Development: Theoretical Evidence from Nigeria

Authors : S. Saheed Zakaree and C.I. Egwaikhide

Abstract: Social crisis could be corruption, ethno-religious, war, genocide or political which effects are destruction of properties, waste of resources and hence, inefficient utilization of resources. Though, Nigeria is blessed with abundant natural and human resources, however the country has always been in one crisis or the other ranging from corruption, ethnic and religious to political crises. This study therefore, examines the impact of these social crises on effective and efficient utilization of both its natural and human resources towards the development of its economy using a descriptive analysis approach. Findings indicate that social crises in Nigeria, especially corruption and ethno-religious conflicts have been a clog on the wheels of economic growth and development in Nigeria. Based on these findings, some policy recommendations were offered which include the promotion of religion tolerance and peaceful coexistence of the citizens and monitoring of the activities of its people through the establishment of committee of elders to quickly intervene and nip in the bud any crisis before it degenerate to a major conflict. The government should employ the rule of engagement in deciding what the citizens want and take steps in meeting their needs rather than deciding on its own what to provide for the people.

How to cite this article:

S. Saheed Zakaree and C.I. Egwaikhide, 2012. Impact of Social Crises on Economic Development: Theoretical Evidence from Nigeria. The Social Sciences, 7: 36-43.

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