THE MARKET IN A RECESSED ECONOMY: SELF-ACCOUNTING VIEWS, PERCEPTIONS, FEELINGS AND TALES OF WOES ON RECESSION IN ENUGU STATE, NIGERIA

Chinelo Edith Obiefuna, Blessing Ngozi Uzoigwe

Abstract


This article examines the market in a recessed economy: self-accounting views, perceptions, feelings and tales of woes on recession in Enugu State, Nigeria. Method: data for this study were collected through primary and secondary sources. The primary sources include in-depth interviews. On the other hand, data were secondarily sourced through the library and other documents dealing with recession. Results: Findings confirmed the complaints and grumbling by people about the hard times they are experiencing despite claim of ending recession by the government. Conclusion: Measures should be in place to break Nigeria’s dependence on oil and make her economically viable. These measures include: providing power and infrastructure, re-energizing the agricultural sector, providing incentives for investment, kick-starting manufacturing through an industrial revolution, clear economic foreign policies, fighting corruption and enthroning transparency through the strengthening of institutions, and increased citizen participation in the governance process.

 

JEL: D40, H44, L11

 

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feelings, market, perceptions, recessed economy, self-accounting views, tales of woes

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References


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