Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta

Akabom Ita Asuquo; Egbe Esso Dickson; Chinenyenwa Blessing Emechebe; Ebri Okobe Uduma

doi:doi:10.11648/j.ijefm.20160405.17

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Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta

Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma

Published in International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 5)

Received: 21 March 2016 Accepted: 18 April 2016 Published: 11 October 2016

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Abstract

The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank of Nigeria (CBN) statistical bulletin and Nigerian National Petroleum Corporation (NNPC) statistical bulletin of 2014 for the relevant variables. The longitudinal research design was adopted in shaping the investigation. The regression model was employed to express the causal relationship between the dependent and the explanatory variables, and the Pearson Product Moment Correlation Analysis was used to determine the strength and direction of the relationship. The hypotheses were tested at five percent level of significance using the Student t-test. The result showed the following: the cost of peacekeeping significantly affects the growth of the economy; the cost of peacekeeping significantly affects the recurrent expenditure of government; Oil revenue does not significantly contribute to the economic growth of Nigeria; and losses from vandalized Oil pipelines does not significantly affect Oil output. However, it was recommended that more attention should be paid to the plight of the people of the Niger-delta region in order to completely discourage the use of militancy as a tool for seeking redress.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 5)
DOI	10.11648/j.ijefm.20160405.17
Page(s)	275-283
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Cost of Peace-Keeping, Recurrent Expenditure, Cost Involvement, Accounting Implications, Economic Growth, Niger-Delta, GDP

References

[1]	A. A. Adeniji, An insight into: Management accounting, 6th ed., Lagos: EL-TODA Ventures Ltd, 2012, pp. 31-76.
[2]	F. E. Arong and E. M. Ikechukwu, “The effect of militancy and unrest or peace accounting on the productivity of private organizations in Nigeria,” International journal of Public Administration and Management Research, 2013, Vol. 2, No.1, pp. 87-100.
[3]	D. Babalola, “The underdevelopment of Nigeria’s Niger-delta region: Who is to blame?” Journal of Sustainable Development, 2014, Vol. 7, No. 3, pp. 118-128.
[4]	Central Bank of Nigeria, Annual statistical bulletin, Abuja, Nigeria: Arthur, 2014.
[5]	R. Davis and D.M.Franks, The cost of conflict with local communities in the extractive industry, pp. 1-13, October 2011, [A paper presented at the First International Seminar on Social Responsibility in Mining, Santiago, Chile].
[6]	P. Francis, D. Lapin and P. Rossiasco, “Security development and Peace in the Niger-Delta: a social and conflict analysis,” 2011, pp. 1-157, Retrieved from http://www.wilsoncenter.org/
[7]	M.J. Gilligan and E. J. Sergenti, “Do UN interventions cause peace? Using matching to improve causal influence,” Quarterly Journal of Political Science, 2008, Vol. 3, pp. 89-122.
[8]	H. Hegre, L. Hultman and H. M. Nygard, “Evaluating the conflict effect of UN peacekeeping operation,” 2013, pp. 1-38.
[9]	O. Ibeanu, “Conceptualizing peace. In Shedrack, G. B. (Eds), Introduction to peace and conflict studies in West Africa,” Ibadan: Spectrum Books Ltd, 2005.
[10]	A.Ikelegbe, Interrogating a crisis of corporate government and the interface with conflict in the Niger-Delta, March 2008,[A paper presented at the international conference on Nigeria state. Yenagoa, Bayelsa State].
[11]	Nigerian National Petroleum Corporation, “Annual statistical bulletin,” Abuja, Nigeria: Author, 2014, pp. 1-46.
[12]	T.Oghoghomeh and U. I. Ironkwe, “Accounting for peace and economic development in Nigeria, The Niger-delta case,” International Journal of Arts and Humanities, 2012, Vol. 1, No. 2, pp 173-187.
[13]	W. L. Ury, J. M. Brett and S. B. Goldberg, “Getting disputes resolved: Designing system to cut the cost of conflict,” California: Jossey-Bass, 1998.

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Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma. (2016). Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. International Journal of Economics, Finance and Management Sciences, 4(5), 275-283. https://doi.org/10.11648/j.ijefm.20160405.17

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Akabom Ita Asuquo; Egbe Esso Dickson; Chinenyenwa Blessing Emechebe; Ebri Okobe Uduma. Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. Int. J. Econ. Finance Manag. Sci. 2016, 4(5), 275-283. doi: 10.11648/j.ijefm.20160405.17

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Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma. Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. Int J Econ Finance Manag Sci. 2016;4(5):275-283. doi: 10.11648/j.ijefm.20160405.17

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@article{10.11648/j.ijefm.20160405.17,
  author = {Akabom Ita Asuquo and Egbe Esso Dickson and Chinenyenwa Blessing Emechebe and Ebri Okobe Uduma},
  title = {Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {5},
  pages = {275-283},
  doi = {10.11648/j.ijefm.20160405.17},
  url = {https://doi.org/10.11648/j.ijefm.20160405.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160405.17},
  abstract = {The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank of Nigeria (CBN) statistical bulletin and Nigerian National Petroleum Corporation (NNPC) statistical bulletin of 2014 for the relevant variables. The longitudinal research design was adopted in shaping the investigation. The regression model was employed to express the causal relationship between the dependent and the explanatory variables, and the Pearson Product Moment Correlation Analysis was used to determine the strength and direction of the relationship. The hypotheses were tested at five percent level of significance using the Student t-test. The result showed the following: the cost of peacekeeping significantly affects the growth of the economy; the cost of peacekeeping significantly affects the recurrent expenditure of government; Oil revenue does not significantly contribute to the economic growth of Nigeria; and losses from vandalized Oil pipelines does not significantly affect Oil output. However, it was recommended that more attention should be paid to the plight of the people of the Niger-delta region in order to completely discourage the use of militancy as a tool for seeking redress.},
 year = {2016}
}

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TY  - JOUR
T1  - Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta
AU  - Akabom Ita Asuquo
AU  - Egbe Esso Dickson
AU  - Chinenyenwa Blessing Emechebe
AU  - Ebri Okobe Uduma
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N1  - https://doi.org/10.11648/j.ijefm.20160405.17
DO  - 10.11648/j.ijefm.20160405.17
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 275
EP  - 283
PB  - Science Publishing Group
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UR  - https://doi.org/10.11648/j.ijefm.20160405.17
AB  - The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank of Nigeria (CBN) statistical bulletin and Nigerian National Petroleum Corporation (NNPC) statistical bulletin of 2014 for the relevant variables. The longitudinal research design was adopted in shaping the investigation. The regression model was employed to express the causal relationship between the dependent and the explanatory variables, and the Pearson Product Moment Correlation Analysis was used to determine the strength and direction of the relationship. The hypotheses were tested at five percent level of significance using the Student t-test. The result showed the following: the cost of peacekeeping significantly affects the growth of the economy; the cost of peacekeeping significantly affects the recurrent expenditure of government; Oil revenue does not significantly contribute to the economic growth of Nigeria; and losses from vandalized Oil pipelines does not significantly affect Oil output. However, it was recommended that more attention should be paid to the plight of the people of the Niger-delta region in order to completely discourage the use of militancy as a tool for seeking redress.
VL  - 4
IS  - 5
ER  -

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Author Information

Akabom Ita Asuquo

Department of Accounting, Faculty of Management Sciences, University of Calabar, Calabar, Nigeria
Egbe Esso Dickson

Department of Accounting, Faculty of Management Sciences, University of Calabar, Calabar, Nigeria
Chinenyenwa Blessing Emechebe

Department of Accounting, Faculty of Management Sciences, University of Calabar, Calabar, Nigeria
Ebri Okobe Uduma

Department of Accounting, Faculty of Management Sciences, University of Calabar, Calabar, Nigeria

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APA Style

Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma. (2016). Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. International Journal of Economics, Finance and Management Sciences, 4(5), 275-283. https://doi.org/10.11648/j.ijefm.20160405.17

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ACS Style

Akabom Ita Asuquo; Egbe Esso Dickson; Chinenyenwa Blessing Emechebe; Ebri Okobe Uduma. Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. Int. J. Econ. Finance Manag. Sci. 2016, 4(5), 275-283. doi: 10.11648/j.ijefm.20160405.17

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AMA Style

Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma. Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta. Int J Econ Finance Manag Sci. 2016;4(5):275-283. doi: 10.11648/j.ijefm.20160405.17

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@article{10.11648/j.ijefm.20160405.17,
  author = {Akabom Ita Asuquo and Egbe Esso Dickson and Chinenyenwa Blessing Emechebe and Ebri Okobe Uduma},
  title = {Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {5},
  pages = {275-283},
  doi = {10.11648/j.ijefm.20160405.17},
  url = {https://doi.org/10.11648/j.ijefm.20160405.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160405.17},
  abstract = {The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank of Nigeria (CBN) statistical bulletin and Nigerian National Petroleum Corporation (NNPC) statistical bulletin of 2014 for the relevant variables. The longitudinal research design was adopted in shaping the investigation. The regression model was employed to express the causal relationship between the dependent and the explanatory variables, and the Pearson Product Moment Correlation Analysis was used to determine the strength and direction of the relationship. The hypotheses were tested at five percent level of significance using the Student t-test. The result showed the following: the cost of peacekeeping significantly affects the growth of the economy; the cost of peacekeeping significantly affects the recurrent expenditure of government; Oil revenue does not significantly contribute to the economic growth of Nigeria; and losses from vandalized Oil pipelines does not significantly affect Oil output. However, it was recommended that more attention should be paid to the plight of the people of the Niger-delta region in order to completely discourage the use of militancy as a tool for seeking redress.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta
AU  - Akabom Ita Asuquo
AU  - Egbe Esso Dickson
AU  - Chinenyenwa Blessing Emechebe
AU  - Ebri Okobe Uduma
Y1  - 2016/10/11
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20160405.17
DO  - 10.11648/j.ijefm.20160405.17
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 275
EP  - 283
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20160405.17
AB  - The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank of Nigeria (CBN) statistical bulletin and Nigerian National Petroleum Corporation (NNPC) statistical bulletin of 2014 for the relevant variables. The longitudinal research design was adopted in shaping the investigation. The regression model was employed to express the causal relationship between the dependent and the explanatory variables, and the Pearson Product Moment Correlation Analysis was used to determine the strength and direction of the relationship. The hypotheses were tested at five percent level of significance using the Student t-test. The result showed the following: the cost of peacekeeping significantly affects the growth of the economy; the cost of peacekeeping significantly affects the recurrent expenditure of government; Oil revenue does not significantly contribute to the economic growth of Nigeria; and losses from vandalized Oil pipelines does not significantly affect Oil output. However, it was recommended that more attention should be paid to the plight of the people of the Niger-delta region in order to completely discourage the use of militancy as a tool for seeking redress.
VL  - 4
IS  - 5
ER  -

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