Globalisation, Income Inequality and Economic Growth in Nigeria

Umoru Abdulazeez
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Umoru Abdulazeez: Department of Accounting, Edo State University Uzairue, Edo Sate, Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 3004-3014

Abstract: We examined effect of globalisation, income inequality and economic growth in Nigeria between 1986 – 2022. The study explored the ARDL model approach; findings indicated that globalisation has significant and negative effect on income inequality and economic growth in Nigeria. Based on the findings, recommendation is reached that the relevant authorities should improve on her infrastructure, especially energy and security to encourage investors to process their products especially within the extractive industry in the country as this will bring the benefit of globalisation close to the people and in the process reduce the income gap and enhance economic growth. Furthermore, domestic infant industries should be encouraged to grow sustainably especially those manufacturing intermediate products for further industrial production.

Date: 2024
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