FALL OUT OF ETHNIC AGITATIONS ON ECONOMIC DEVELOPMENT OF SOUTH EAST NIGERIA
Keywords:
Ethnic agitations, Foreign direct investment, Infrastructural development, Human capital flightAbstract
Nigeria has continued to face separatist agitations over time with dire consequences. This study examined the fallout of these ethnic agitations on economic development in South East Nigeria. The specific objectives of the study included determining the effect of ethnic agitations on foreign direct investment in South East, Nigeria; ascertaining the impact of ethnic agitations on the level of infrastructural development in South East, Nigeria; and examining the impact of ethnic agitations on human capital flight in South East Nigeria. The study chose three states Enugu, Abia, and Imo with a population of 11,641,017. The sample size obtained through Taro Yamani's statistical formula was 400. The study employed a descriptive survey design. The data were analyzed through the use of mean score while the Chi-square test technique was applied in the test of hypotheses. The findings showed that ethnic agitations have a significant effect on foreign direct investment in South East, Nigeria; it was discovered that ethnic agitations do have a significant effect on the level of infrastructural development in South East, Nigeria; and that the result indicated that ethnic agitations have a significant effect on human capital flight in South East Nigeria. The study concluded that the impact of ethnic agitations on the economic development of South East Nigeria is substantial. Ethnic tensions create an environment of uncertainty and instability, deterring foreign direct investment, hindering infrastructural development, and driving human capital flight from the region. The study recommended among others that to attract foreign direct investment (FDI) and other development strides, the government should inculcate fairness, justice, and equity into our political and administrative system to promote peace and stability, reassure investors, and create a conducive environment in the South East region, thereby fostering economic growth.
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