AN EVALUATION OF THE IMPACT OF PEACE ACCOUNTING IN THE ECONOMIC DEVELOPMENT OF NIGERIA.

TABLE OF CONTENT

Title page                                                                                       ii

Approval Page                                                                         iii

Dedication                                                                               iv

Acknowledgment                                                                    v

Abstract                                                                                  vi    

Table of Contents                                                                    vii

CHAPTER ONE

1.0     INTRODUCTION

1.1      Background of the Study                                               1

1.2      Statement of Problems                                                   4

1.3      Objective of the Study                                                    7

1.4      Research Questions                                                        7

1.5      Research Hypotheses                                                     8

1.6      Significant of the Study                                                  9

1.7      Scope of the Study                                                          10

1.8      Limitation of the study                                                   10

1.9      Definition of Terms                                                         11

CHAPTER TWO

2.0 REVIEW OF RELATED LITERATURE

2.1 Definition                                                                           13

2.  Conceptual issues                                                              13

2.3 Oil Induced Militant Agitations and the Nigeri an Economy      17

2.4 The Concept of Sustainable Development and an X-Ray

of Niger Delta                                                                           21

2.5 Niger Delta and the Agitation for Resources Control          23

2.6 The Concept of Peace and Peace Keeping Accounting                27

2.7 Historical Analysis of the State of Security in the Delta

Region                                                                                     35

2.8 Profile of Illegal oil Bunkering                                            38

2.9 Government Efforts Against Illegal Oil Bunkering              43

2.10 Impact of Oil Theft                                                           46

2.11 The Role of Government and the Way Forward                        51

2.12 Peace Methods and Solution.                                          55

CHAPTER THREE

3.0     RESEARCH DESIGN AND METHODOLOGY

3.1      Research Design                                                             58

3.2      Area of the study                                                            58

3.3      Population of the study                                                  58

3.4      Sampling method                                                           59

3.5      Determination of sample size                                         60

3.6      Reliability of Research Instrument                                61

3.7      Validity of Research  Instrumentation                           61

3.8      Sources of data                                                               62

3.9      Analytical Techniques                                                    62

CHAPTER FOUR

4.0     PRESENTATION, INTERPRETATION AND ANALYSIS OF DATA

4.1      Data Analysis                                                                 63

4.2      Testing of Hypothesis                                                     68

      CHAPTER FIVE

5.0     SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION.

5.1      Summary of Findings                                                     73

5.2      Conclusion                                                                      74

5.3      Recommendation                                                            75

Bibliography

Appendix

CHAPTER ONE

1.0                                INTRODUCTION

1.1

The exploitation and production of oil in the Niger-Delta have created some of the largest fortunes for the multinational companies and have helped to achieve impressive economic growth and development of the Nigeria state, but little or no attention has been directed by both the multinational companies and the Nigeria governments to the effects of such oil activities on the welfare of oil producing communities (Ikein, 1990).

Oil has not as expected brought prosperity, better living conditions and governmental attention and development; rather it has become a curse and impoverishes the inhabitants of the Niger-Delta region.

However a fight for their rights against the multinational companies and the Federal Government has resulted in large-scale violence, crisis, social tension, hostage taking, man slaughter, kidnapping and other social vices of the region. The aftermath of these vices, is the high degree of insecurity in the region, which has led to the withdrawal of major oil producing companies from the region. The low level of oil production as a result of insecurity of lives and property in the region has a strong negative impact on the Nigerian economy (Ikelegbe, 2008).

In their effort to bring the situation under control, the multinational companies, governments and other stakeholders have been clamouring for peace in the Niger-Delta region to boost economic development.  

However the term peace is relative and the conditions for peace differ from one society or nation to another. However Ibeanue (2005) asserted that peace is a process involving activities that are linked to increasing development and reducing conflict. It is described as justice and development, respect and tolerance between people, wholeness and making whole, and the absence of war. Despite its relative nature, peace has a common denominator, i.e. the harmonious or friendly pursuit of individual and collective interest defined by rules of conduct or standard of behaviour. Thus, in this context, peace is described as a condition in which people live in agreement with accepted standards of conduct or rules of behaviour that promote public good and the happiness of every one.

Moreover, various strategies are being devised by the multinational companies and the government for the enthronement of pace in the Niger-Delta region of Nigeria. Multinational companies are spending so much money to hire security agents to protect their facilities and personnel from militant attacks. The government on the other hand is spending huge amount of money to maintain peace-keeping forces in the region.

In 2009, the Federal Government of Nigeria under the administration of President Umaru Musa Yar, Adua, granted amnesty to militants and these former militants are currently on the payroll of the government thereby reducing government current revenue. Akeem and Erhun (2010) posited that the recurrent expenditure of the Federal Government increases on a basis at an average of 12.69 due to security measures taken by governments to ensuring peace in the Niger-Delta region. It is upon this premise that this paper tends to investigate the impact of cost of peace-keeping in Niger-Delta region and the economic development of Nigeria