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IMPACT OF DEFENSE SPENDING ON THE SOCIOECONOMIC DEVELOPMENT OF NIGERIA :A SECURITY PERSPECTIVE

초록/요약

Abstract In recent times the federal government of Nigeria in response to the increasing level of insecurity in the different geographical areas of the country especially militancy in the South –South Niger delta area and Boko –Haram in the North- east Nigeria raised the budgetary allocations to the security ministries which has attracted condemnations and criticisms from the from policy analysts and scholars alike on the continued increase of the budgetary allocation to the security sector and the impact on resources allocated to other important sectors of the economy that may have direct socio-economic developmental consequences of the people. This research therefore, examines the impact of defense spending on the social and economic development of Nigeria. It agrees that the high rate of insecurity in Nigeria is responsible for the increasing trend in the defense spending country since the return to democratic rule in 1999. It also takes a security perspective of the military spending in the country and argues that the increasing defense spending of the Nigerian state is justified in as much as it is meant to build defense capabilities that put the state security apparatus in a better shape to efficiently and effectively discharging their fundamental responsibilities of providing security to lives and properties of the citizenry and winning the country’s war against insurgence and terrorism. It, However, took a comparative analysis of the military spending of the ten top African military spenders and the military burden as share of the gross domestic product (GDP) of selected twenty five (25) African countries and the findings revealed that Nigeria military burden as share of GDP is relatively among the “lowest” in Africa and therefore, does not have an adverse impact on the social economic development of the people. The main preoccupation of the work that distinguishes it from other scholarly works that have emerged from the military spending and economic development literatures is that it identified security as a public good that needs equal government attention and as a precondition for socio-economic development of the people and propagates the idea that the government sustain the its security defense spending to ensure a stable and secured environment that will in turn attract both local and foreign investment that will generate employment, reduce poverty and improve the state of infrastructures and improve the quality of life of the citizenry.

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목차

CHAPTER ONE 1
1.1 Introduction 1
1.2 Purpose of study 2
1.3 Significance of study 2
1.4 Research Question 3
1.5 Hypothesis 3
1.6 Limitation of study 4
1.7 Research methodology 4
1.8 Theoretical framework 4
1.9 Military Keynesian Argument 5
1.10 Conceptual Definitions of Terms 7
CHAPTER TWO 10
LITERATURE REVIEW 10
2.1.1 Military Spending and Economic Growth 10
2.1.2 Opportunity Cost of Military Spending and Debt Burden 13
2.1.3 Education Expenditure and Human Capital Development 14
2.2.1 Global Trend in Military Expenditure 16
2.2.2 Countries with High Military Expenditure as Share of GDP 18
CHAPTER THREE 21
Socio-economic Development and Military Spending in Nigeria 21
3.1 An Overview of Nigeria Economy 21
3.2 An Analysis of Military Spending from 2005 to 2015 23
3.3 Nigeria Military Spending Percentage Share of the Gross Domestic Product (GDP) compared with other African Top Spenders 28
3.4 Nigeria Security Situation: A Factor for Rising Military Spending 31
3.5 Socio-economic development in Nigeria 35
3.6 Challenges of Socio-economic Development in Nigeria 37
3.6.1 Poverty 38
3.6.2 Unemployment 38
3.6.3 Ethno-religious intolerance 39
3.6.4 Poor Infrastructure 39
3.7. Relationship between Military Spending and Socio-economic Development in Nigeria 40
Chapter four 43
4.1 Impact of military spending on the socio-economic development in Nigeria 43
CHAPTER FIVE 48
5.1 Conclusions 48
References 50

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