Paper short abstract:

This study is titled "Peace Accounting, Security, and Economic Growth of Nigeria". Its goal is to understand the dynamics and interactions between Nigeria's economic growth, security, and peace accounting. It looks deeper to see whether this relationship will be positive or negative.

Paper long abstract:

The Nigerian economy appears to be in a vulnerable state right now. The economy of the country has had difficulty growing and surviving after going through two recessions in the last ten years. For example, during the fourth quarter of 2021, Nigeria's GDP grew by approximately 4.0% in real terms, which represents five quarters of growth since the start of the recession in 2020. Nigeria's GDP grew by 3.40 per cent overall in 2021 but shrank to 3.10 per cent in 2022. Nigeria's inability to reach its output quota for OPEC is a result of pipeline damage, oil theft, lack of peace and security concerns. A study on peace accounting, security and economic development of Nigeria can offer an opportunity to contribute to modelling peace accounting, security, and economic matters in the country.

Data from the World Bank and the Central Bank of Nigeria's statistical bulletin from 1982 to 2022 were used in the analysis. Regression analysis will be performed on the acquired data. The results of this study will help shape positive outcomes for the nation in the area of policy formulation and provide researchers and scholars with a body of literature that can improve future studies. They will also provide insight into the intricate interactions among peace accounting indices, security, and economic factors.