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Title: THE ECONOMIC RECESSION IN NIGERIA: ELUCIDATING THE INTERVENTIONIST ROLE OF GOVERNMENT
Authors: Ishaka Dele, Zainab Lawal Kankara, Humphrey Ukeaja
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1 Ishaka Dele, 2Zainab Lawal Kankara, 3Humphrey Ukeaja 1,3. Department of Political Science, University of Abuja, Abuja. 2. Department of Sociology, University of Abuja, Abuja.
MLA 8 Dele, Ishaka, et al. "THE ECONOMIC RECESSION IN NIGERIA: ELUCIDATING THE INTERVENTIONIST ROLE OF GOVERNMENT." Int. j. of Social Science and Economic Research, vol. 4, no. 1, Jan. 2019, pp. 184-191, ijsser.org/more2019.php?id=18. Accessed Jan. 2019. APA Dele, I., Kankara, Z., & Ukeaja, H. (2019, January). THE ECONOMIC RECESSION IN NIGERIA: ELUCIDATING THE INTERVENTIONIST ROLE OF GOVERNMENT. Int. j. of Social Science and Economic Research, 4(1), 184-191. Retrieved from ijsser.org/more2019.php?id=18 Chicago Dele, Ishaka, Zainab Lawal Kankara, and Humphrey Ukeaja. "THE ECONOMIC RECESSION IN NIGERIA: ELUCIDATING THE INTERVENTIONIST ROLE OF GOVERNMENT." Int. j. of Social Science and Economic Research 4, no. 1 (January 2019), 184-191. Accessed January, 2019. ijsser.org/more2019.php?id=18.
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Abstract: The Nigerian economy slid into recession path in the first quarter of 2016. The negative consequence of the recession has led to the reduction of standard of living and the quality of life of the people and increase in poverty rate. This paper seeks to examine and analyzed the main reasons for the emergence of the current economic recession in Nigeria. The paper gives a theoretical exposition of how government policies can potentially curb the recession and enhance better economic well-being of the Nigerian populace. The finding of the study indicates that the main causes for the emergence of the economic recession in Nigeria can be group under three main factors: legacy factors, policy factors and political/security factors. The paper recommends among other, effective government intervention through an effective synchronization between measures of fiscal and monetary policy in the direction of increasing liquidity in the economy, decreasing interest rates, increasing investment and employment, increasing the income of economic entities and finally, in the direction of increasing aggregate demand as an exit from the phase of recession.

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