The cost and benefit of Nigerias peace mission in Sierra Leone

Mohammed, Abubakar

doi:10.5897/ajpsir2015.0811

Cited by 2 publications

(5 citation statements)

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“…Thus our study is one of the first to critically analyze the cost of peace accounting and its knock-on-effect for national security in Nigeria. Some studies (Fidelis, Egbere, 2013; Jurgen, Paul, 2010; Abubakar, 2015;Stiglitz, Bilmes, 2012;Justino, 2012;Hoeffler, Fearson, 2015;Mercy, 2014) have dealt with militancy, peace keeping mission, estimating cost of wars, inequality and benefits of peace and cost of conflicts without no empirical evidence on cost of peace accounting and national security in Nigeria. Expanding the frontier of these studies, Fidelis, Egbere (2013) study utilized Gross Domestic Product and cost of peace-keeping in analyzing the effect of the cost of militancy and unrest or peace accounting on the productivity of private organizations in Nigeria.…”

Section: B Prior Workmentioning

confidence: 99%

“…Jurgen, Paul (2010) believed that if Africa continent must account for the cost of violence, then it has enormously negative effect on their economies in the form of resources misallocation, severe opportunity costs of non-realized GDP and trillion dollars resulting in business opportunities may be lost. Abubakar (2015) descriptively explored the cost and benefits of Nigeria's peace mission in Sierra Leone and found several benefits and implication of peace accounting costs. First, Nigerian's intervention in the peace mission led to a fall of the GDP from 8.2% in 1991 to only 1 % in 1994 which precipitated a decline in the Nigerian economy.…”

Section: B Prior Workmentioning

confidence: 99%

“…Achieving peace has thus remained a challenging task for past and successive government due to the enormous financial and material resources channeled to regions faced with security trials. For instance, recent violence in Enugu (involving farmers and pastoralists) have ravaged local communities by radically plummeting both security and economic activities (Mercy, 2014), violence in Niger Delta region and terror sets (Boko Haram) in Northern region (Erin, Tony, 2011;Fidelis, Egbere, 2013;Abubakar, 2015) and more recently the Avengers group bombing of Chevron refinery in South-South (Warri, Delta State) has significantly challenged national security. This has caused the government huge amount of resources in guaranteeing national security.…”

Section: Introductionmentioning

confidence: 99%

“…As a result it is our opinion that developing effective recording and reporting of the financial resources on peace or domestic predicaments is needful. This is true because reporting the financing costs relating to peace or domestic predicaments is important for policymaking by the government since finance as observed by Abubakar (2015), is very paramount in pursuance of a country's policy objectives.…”

Section: Introductionmentioning

confidence: 99%

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Cost of Peace Accounting and National Security in Nigeria: Does it Really Matter?

Amaechi

2016

Trends Economics and Management

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Purpose of the article: The cost of ensuring national security is very high, but measuring this cost has received little attention. One way of reacording and ascertaining the financial resources expended on national security is via Peace Accounting. Peace Accounting is an innovative idea that is taking a firm root in Nigeria and the world over. Peace accounting deals with ascertaining and reporting the financial resources accompanying domestic violence such as insecurity, political violence, insurgency, militancy, economic predicament, corruption and all other costs associated with national security. Methodology/methods: Secondary data were obtained from the Central Bank of Nigeria Statistical Bulletin and the International Monetary Fund Cross Country Macroeconomic Statistics from 1996-2015. Ordinary Least Square estimation technique was employed in analyzing the data and analysis performed via SPSS. Scientific aim: This paper gauged the costs of peace accounting and its implication for national security in Nigeria. Findings: The study found that expenditure on internal security, cost of peace keeping and gross fixed capital formation are dynamics of peace accounting. Furthermore, cost of peace keeping is statistically significant except that expenditure on internal security and gross fixed capital formation were statistically flawed. Expenditure on internal security has negative impact on GPI. Conclusions: On the basis of the above, we recommend among others that countries like Nigeria faced with security challenges should engage professionals/experts that can help develop peace accounting models aimed at measuring the cost of peace. Also, special attention should be paid to expenditure on internal security since it has negative effect on GPI.

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Section: B Prior Workmentioning

confidence: 99%

Section: B Prior Workmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Cost of Peace Accounting and National Security in Nigeria: Does it Really Matter?

Amaechi

2016

Trends Economics and Management

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“…It is therefore important to give records and report of resources both financial and human resources expended in the course of achieving peace or solving domestic predicaments. This is because reporting the costs relating to peace or domestic predicaments is important for policymaking by the government since finance is very paramount in pursuance of a country's policy objectives (Abubakar 2015).…”

mentioning

confidence: 99%

The Impact of Peace Accounting on Economic Growth of Sub-Saharan African Countries

Enyi¹,

Rufus²,

Iyanuoluwa³

2020

theijbm

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Introduction Security challenges can be a threat to both economic development and peaceful coexistence. Sustaining a viable economy via development and growth can therefore be said to be a core objective of most countries of the world.A threat to peaceful environment can result from environmental and atmospheric pollution, oil spillage, destruction of Ozone layers, global warming and climate change. (Ironkwe & Success 2017). And if left unattended to might affect the economic performance of a country. Bove and Eila (2017) stated that economics and security are greatly intertwined. According to Corfee-Morlot, Parks, Ogunleye and Ayeni (2018) development today is often associated with GDP, but that idea is relatively modern. GDP as a measure of development was sensible, but it had limitations as a measure of human welfare. Institute for Economics and Peace (2018) noted that Sub-Saharan Africa countries have the lowest energy access rates in the world. Electricity reaches only about half of its people (IEA, 2018). Economic growth in the region is also relatively low at an estimated 2.8% percent in 2018, compared to 7.1% in South Asia (International Monetary Fund, 2018). This lack of energy access which is one sources of conflict between citizens and government of some of the sub-Saharan African countries has suppressed economic growth and sustainable development (World Bank, 2017). According to Mueller and Tobias (2016) the setbacks in economic performance in terms of economic growth that many developing countries have experienced in recent times can be majorly attributed to violent conflict. Sandlers and Enders (2010) opined that conflicts, violence, terrorism, insecurity can raise the costs of doing business in terms of higher insurance premiums, expensive security precautions, and larger salaries to at-risk employees. Moreover, the recessions experienced during periods of violent conflicts are major factor for much lower average growth rates over time in fragile countries such as the Sub-Saharan African countries. (Mueller & Tobias, 2016). Natufe, (2001) noted various environmental neglect and misunderstandings between the resultant companies and the host communities have led to several violent confrontations, severe ecological damage, human and food insecurity. All these security issues may cause economic set back in a country given the involvement of the financial resources, human resources, material resources and even the environmental impact. Okoro and Amachi (2016) opined that most nations are now trying to measure the cost of curtailing these domestic crises. Studies such as Gobat and Kostial (2016); Balami,

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The cost and benefit of Nigerias peace mission in Sierra Leone

Cited by 2 publications

References 7 publications

Cost of Peace Accounting and National Security in Nigeria: Does it Really Matter?

Cost of Peace Accounting and National Security in Nigeria: Does it Really Matter?

The Impact of Peace Accounting on Economic Growth of Sub-Saharan African Countries

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