A Comparative Study of Nigeria Economic Growth between 2001/ 2020 and 1981/2000

  • Owan Raphael Asu Department of General Studies, Havilla University Nde, Ikom, Cross River State
  • Ojekudo Nathaniel Development of Computer Science, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, River's State
Keywords: Economic Growth, Multiple Regression

Abstract

The study examines a comparative study of two quarters of the Nigerian economy, 2001/2020 and 1981/2000. Identifies the problems facing Nigeria. A multiple linear regression model was used for the analysis. The data for the analysis was obtained from Nigeria's GDP 1981-2020/Macro Trends a publication from the Central Bank of Nigeria and the National Bureau of Statistics. The results show that the first quarter of 2001/2020 has the least root mean square error and the inequality coefficient values of 3.57 and 0.15 denoting the best model. This means that the first quarter (2001/2020) connotes the best economic growth in Nigeria.

References

1. Gbadebo, O. M (2009). Nigeria and the perennial problem of governance: Explaining State failure in the midst of abundant Resources. Journal of Social Policy and National roductivity 2, (2),1
2. Gonsalves M. A. (1989). Right and Reason. Ethics in Theory and practice. 9th edition, Columbus, Merrill.
3. Hobbes, T., Michael, O., Richart, S. P (1966) Leviathan. ew york, Collier Books.
4. Ige, M.T. (2011). Policy brief: Mobilising smallholder farmers for sunflower production to alleviate poverty.
5. Lucas,M.O.O. (2015).Global economic downturn with reference to oil price and implications for youth developmentā€. 6th Annual Lecture of the College of Management Sciences Delivered at Bells University of Technology, Ota.
6. Ngwama, J. C (2009).The Nigerian power sector: The imperative of human capacity building. Journal of Social Policy and National Productivity, 2 1.
7. Obayan, A (2012). The Future is Today and The Time Is Now: Nigeria Universities, Arise!
8. Rousseau J. J. (1968). The social contract. Translated and introduce by maurice cranston.
9. England enguin books salmon valley business & innovation centre.
10. Wyoming Communication and Regional Econs (2015). Portal wyocre. Uwagec/econdevl.php,
Published
2023-10-12
How to Cite
Owan Raphael Asu, & Ojekudo Nathaniel. (2023). A Comparative Study of Nigeria Economic Growth between 2001/ 2020 and 1981/2000. International Journal of Human Computing Studies, 5(10), 41-46. https://doi.org/10.31149/ijhcs.v5i10.4865