Sources of Economic Policy Uncertainty in Nigeria: Implications for Africa

Peterson Ozili

A chapter in Managing Risk and Decision Making in Times of Economic Distress, Part A, 2022, vol. 108A, pp 37-50 from Emerald Group Publishing Limited

Abstract: Purpose:This chapter looks specifically at the sources of economic policy uncertainty in Nigeria, and discusses their impact on the Nigerian economy while drawing implications for Africa. It identifies factors that transmit uncertainty in economic policy in Nigeria and draw implications for other African countries. Methodology:This chapter uses a literature survey methodology to identify the sources of economic policy uncertainty in Nigeria. Findings:The identified sources of economic policy uncertainty in Nigeria are: the frequent changes in central bank policy, unexpected changes in government policy, political interference, unexpected fall in global oil price, recession, and unethical practices. Implications:The implication of the study is that rising economic policy uncertainty in Nigeria can have a significant effect on the Nigerian economy and for connected African countries. Originality:Previous studies have not examined the sources of economic policy uncertainty in Nigeria.

Keywords: Economic policy uncertainty index; bankruptcy; investment; trade; financial institutions; systemic risk; government policy; fiscal policy; monetary policy; political interference; Nigeria; D81; E02; F31 (search for similar items in EconPapers)
Date: 2022
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Working Paper: Sources of Economic Policy Uncertainty in Nigeria: Implications for Africa (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-37592022000108a031

DOI: 10.1108/S1569-37592022000108A031

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