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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:June 12, strike activity and economic development in Nigeria
Author:Nyong, Michael O.
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Abstract:This study investigates the effects of strike activity, and specifically that induced by the annulment of the 12 June 1993 presidential election, on economic development in Nigeria. It also identifies the critical factors that influence strikes in Nigeria. Both level and first difference regressions were used in the empirical analysis. The results show that strike activity in Nigeria between 1970 and 1996 has had a significant and negative effect on the country's economic development. During the three-year period following the annulment of the June 12 elections, strike activity led to a loss to the economy of 14,536 billion naira. Both macroeconomic (inflation, unemployment) and noneconomic variables (reports of government-appointed wages and salaries review commissions and the administrative regime in place) have had statistically significant effects on the occurrence of strikes. The results also indicate that military governments and their decrees in Nigeria cannot eliminate the incidence of strike activity and that their presence has tended to aggravate the problem. Bibliogr., notes, sum.