| Title | Viability Of Nigeria Nation After Corona Virus Disease (covid-19): Survival Strategy An Imperative Action (). August 2020 Vol. 5(1) |
| Authors | Yekini Olawaiye Lawal, Samuel Oluwaseun Adejuwon, Agatha Adu |
| Published on | 30 August 2020 Pages: 115-131 Article Id : AJBFMR-200 |
| Abstract | PDF | Cited By
Nigeria had run a diversified economy and self-sustained regional governments before the military intervention in 1967. Thereafter, Nigeria was split into thirty-six states within six zones, which had depended almost completely on Federal government revenue from petroleum-dollar. This study examined how Nigeria could survive under the current world economic downturn and proffer solutions. Revenue data were collected and analysed with probability distribution function. Twenty-four states and five zones had depended more than 70% on the Federal Government revenue allocation. To avoid collapse, the government must diversify economically, stimulate production, and restructure along its geographical zones to reduce the cost of democratic governance. |