Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


The Impact of Peace-Accounting on Economic Development of Nigeria

Author(s): Ezuwore-Obodoekwe, Charity Nkeiru, Amara Priscilia Ozoji, Ikenna Egbuna Chijioke Modum, Chika Anastesia Anisiuba, Martha Chinyere Okonkwo, Ijeoma P. Ojiakor

The objective of the study is to determine the impact of peace-accounting on economic development of Nigeria. To achieve this purpose, Niger-Delta region was used as the case study. Four research questions and four hypotheses were formulated and tested in line with the specific objectives. Relevant related literatures were reviewed. The study adopted regression model. Data were analyzed using Simple percentages and Regression analyses at 0.05 level of significance. Secondary data were employed from the Central Bank of Nigeria Statistical Bulletin. Our findings show that Cost of peacekeeping significantly affects the growth of the economy (r = 4.41, p<0.05). Cost of peacekeeping significantly affects the recurrent expenditure of government (r = 6.20, p<0.05). Peace-Keeping does not significantly contribute to the economic growth of Nigeria (r = 1.91, p<0.05). Losses from vandalization of Oil pipelines does not significantly affect Oil output (r = 0.25, p<0.05). It was concluded that government should always act promptly and accordingly as the saying goes, ‘a stitch in time saves nine’ in order to avoid such huge spending on peacekeeping as well as the cost of fixing damages caused by the militants, which will normally result in a decline instead of growth in the economy. Based on our findings the study therefore recommended that government recurrent expenditure should be channeled to activities and programmes such as skills acquisition and empowerment programmes that will have direct impact on the lives of the inhabitants of the region in order to reduce the high rate of poverty and unemployment among the young populace, so that they can in turn add value to the economy.

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