The Impact of the Russian-Ukraine Conflicts on the Economy and Security of Nigeria, 2014-2023

Geopolitical conflicts as we have it today is nothing new as it goes far back as the Napoleonic era.This phenomenon has become a constant feature of the modern geopolitics with its adverse effect not just limited to the immediate neighbouring states, but countries from other regions especially developing countries from Assia and Africa.The Russian Ukraine conflict which has made the whole Western and Eastern Europe economy become weak, as expected it did not exempt the economy of the developing countries such as Nigeria as a result of the country's dependency on importation.The Nigerian economy which was quite unstable after the COVID 19 pandemic began to battle with the consequences of the various economic sanctions and bans placed on Russia, and the economic damage of Ukraine who both are long term trade partners with Nigeria.This research would therefore examine the economic and security impact of the Russian-Ukraine conflict on Nigeria.This research paper discovered that despite the long distance of Eastern Europe from Nigeria, the nation's economy still took a huge blow of foreign trade disruption due to the ongoing conflict.The methodology is both analytical and expository.The study suggests that in an attempt to improve the Nigerian economy, increased input in the agricultural sector should be considered by the authorities to reduce the heavy reliance on foreign goods, also high production drive is needed within the local manufacturing sector of the economy as well as improved budgetary allocation to education.

Authors

Publication Details

Journal
International Journal of Research Publication and Reviews
Published
2024-12-01
DOI
https://doi.org/10.55248/gengpi.5.1224.250128
Citations
1
Primary Topic
Post-Soviet Geopolitical Dynamics
Type
article
Field-Weighted Citation Impact
2.23
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article

The Impact of the Russian-Ukraine Conflicts on the Economy and Security of Nigeria, 2014-2023

Emmanuel Anbua Daniel, Ogah Achikare Peace, Abdullahi Umar Nasiru, Abdulazeez Oluwadamilare Abdulsamad et al.
1 citations
International Journal of Research Publication and Reviews
Post-Soviet Geopolitical Dynamics
2.23
article

The Impact of the Russian-Ukraine Conflicts on the Economy and Security of Nigeria, 2014-2023

Emmanuel Anbua Daniel, Ogah Achikare Peace, Abdullahi Umar Nasiru, Abdulazeez Oluwadamilare Abdulsamad, Dike Ndidi Pauline, Iyanda Abiodun Ezekiel
article en
1 citations

Abstract

Geopolitical conflicts as we have it today is nothing new as it goes far back as the Napoleonic era.This phenomenon has become a constant feature of the modern geopolitics with its adverse effect not just limited to the immediate neighbouring states, but countries from other regions especially developing countries from Assia and Africa.The Russian Ukraine conflict which has made the whole Western and Eastern Europe economy become weak, as expected it did not exempt the economy of the developing countries such as Nigeria as a result of the country's dependency on importation.The Nigerian economy which was quite unstable after the COVID 19 pandemic began to battle with the consequences of the various economic sanctions and bans placed on Russia, and the economic damage of Ukraine who both are long term trade partners with Nigeria.This research would therefore examine the economic and security impact of the Russian-Ukraine conflict on Nigeria.This research paper discovered that despite the long distance of Eastern Europe from Nigeria, the nation's economy still took a huge blow of foreign trade disruption due to the ongoing conflict.The methodology is both analytical and expository.The study suggests that in an attempt to improve the Nigerian economy, increased input in the agricultural sector should be considered by the authorities to reduce the heavy reliance on foreign goods, also high production drive is needed within the local manufacturing sector of the economy as well as improved budgetary allocation to education.

International Journal of Research Publication and ReviewsVol. 5(12)
Openalex Percentile: Top 8%
Post-Soviet Geopolitical Dynamics
2.23
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