A PROPOSAL ON PUBLIC EXPENDITURE ON NATIONAL SECURITY AND SECURITY INCIDENTS IN NIGERIA

Abstract

The study will investigate public expenditure on national security and security incident in Nigeria. The following research objectives will be used to determine the study: To find out Government capital defence expenditure at time on national security, to find out the recurrent defence expenditure at time on national security and to find out the Foreign Direct Investment at time on national security. In order to ensure detailed analysis, the study will undertake a descriptive analysis of the variables of the model, this will be succeeded by the unit root test conducted using the Augmented Dickey-Fuller (ADF) test, followed by a cointegration test carried out using the bound test. The ECM technique will be then employed, following the order of integration of the variables of the model, to estimate the short run behaviour of the variables.

Introduction

1.1Background of the study

Everyone deserves to live in a society as secure as can be reasonably achieved. No one wants to feel insecure. The foundational element of the social contract between people and government is security. National security then must reasonably be one of the central concerns of both government and opposition. It is therefore very important or necessary that national security is not left with politicians only, Barton (2019). We are aware that millions of lives have been lost or driven away from their homes. The consequences will be reduction in employment and increase in inflation. Lamentably, Nigeria is, today tormented with social issues, spates of insecurity, widespread poverty, corruption, poor health facilities, unfavorable balance of trade, ethnic and religious clashes, crime, and bad governance and all these imply that we are uncertain as far as human prosperity is concerned. In this situation, advancement is slippery like a delusion (Oshio, 2009).

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