Global Advanced Research Journal of Economics, Accounting and Finance (GARJEAF)

May 2016 Vol. 4(3), pp 044-048

Copyright © 2017 Global Advanced Research Journals   

 

Original Research Articles

Implication Of Financing Social Security On Economic Stability In Igboland (South East) Nigeria

Okoye Chinasa Regina1 And Dr. Victor Okoye2

1Department Of Social Sciences, School Of General Studies, Federal Polytechnic Oko, Anambra State, Nigeria

2Chief Lecturer, Department Of Banking And Finance, School Of Management Sciences, Federal Polytechnic Oko, Anambra State-Nigeria. okoyevictor26@yahoo.com

Accepted 18 January 2016


Abstract 

Social security is a shared care arrangement designed to meet contingencies and other conditions of insecurity due to either deprivations or contingencies. It is widely practised globally. Social security is usually intended to raise welfare or reduce exploitation. But they actually work to raise the cost of labour in the formal sector and reduce labour demand and it is a major factor responsible for unemployment in Nigeria. Unemployment in Nigeria has become a major problem for policy makers. Nigeria has been financing social security overtime but their implications on economic stability have not been fully ascertained. This study sought to investigate the implications of financing social security on economic stability in Igbo land. The study adopted descriptive research design. The result of the study indicates that proper financing of social security has a positive and significant implication on economic stability of Igbo land. The implication of this is that financing of social security can contribute significantly to the growth of economic stability in Igbo land through reduction in unemployment. The issue of social security has been used over time in Igbo land, yet the region suffers from high unemployment rate and economic instability compared with other region in the country. We, therefore, recommend that social security financing in Igbo land (South East) in Nigeria should be focused on the activities that can reduce the level of unemployment rate and thereby maintain economic stability in the region.

Keyword: Social Security, Economic Stability, Unemployment, Labour, Igboland, 

Related Articles


Original Research Article
Olusegun Joseph Adebami
Maternal and fetal determinants of mortality in babies with birth asphyxia at Osogbo, Southwestern Nigeria
Glo. Adv. Res. J. Econ. Account. Finance June 2015 Vol: 4(6): - [Abstract] [Full Text - PDF] (120 KB)
Review
Md. Nasiruddin
Libraries for Socially Disadvantaged People in Bangladesh: A new approach for changing lives from sex workers to human resources
Glo. Adv. Res. J. Econ. Account. Finance April 2014 Vol: 2(1): - [Abstract] [Full Text - PDF] (103 KB)
Original Research Articles
Benard O. Muok
Potentials and Utilization of Indigenous Fruit Trees for Food and Nutrition Security in East Africa
Glo. Adv. Res. J. Econ. Account. Finance February 2019 Vol: 8(2): - [Abstract] [Full Text - PDF] (179 KB)
Lembo Tanning and Toivo Tanning
Companies working efficiency before and after the economic crisis of the Latvia example
Glo. Adv. Res. J. Econ. Account. Finance March 2013 Vol: 2(3): - [Abstract] [Full Text - PDF] (491 KB)
Musa YH, Istifanus HS and Vosanka IP
Contributions of Unemployed Youths to Agriculture in Sardauna Local Government Area of Taraba State, Nigeria.
Glo. Adv. Res. J. Econ. Account. Finance August 2012 Vol: 1(6): - [Abstract] [Full Text - PDF] (135 KB)
Ahmed YM and Oruonye ED
Ecological impact of artisanal and small scale mining in parts of Taraba state, Nigeria
Glo. Adv. Res. J. Econ. Account. Finance February 2016 Vol: 5(1): - [Abstract] [Full Text - PDF] (1,851 KB)

Current Issue

Viewing Options

View Full Article - PDF
Download Full Article - PDF

Search for Articles

Okoye Chinasa Regina And Victor Okoye on Google Scholar
Okoye Chinasa Regina And Victor Okoye on Pubmed

Statistics

Viewed 1831
Printed 283
Downloaded 677
Powered By iPortal Works