ECONOMIC CRISES IN NIGERIA: A PSYCHOLOGICAL PERSPECTIVE - Ojukwu Journal Of Psychological Services

ECONOMIC CRISES IN NIGERIA: A PSYCHOLOGICAL PERSPECTIVE

Publication Date : 29/01/2025

DOI: 10.5281/zenodo.14993012


Author(s) :

Chinwe Onyemaechi.


Volume/Issue :
Volume 1
,
Issue 1
(01 - 2025)



Abstract :

Nigeria's economy is experiencing severe economic depressions as a result of economic crisis. Due to the crisis, there has been significant inflation and depreciation in the monetary value of Nigerians currency when compared with other countries. Nigeria seems to be in a shadow of its self with the high level of borrowing and expenditure by the government which has kept the people in mental slavery and had encouraged the jakpa syndrome as well. As a result of these economic crises, the academic sector has received little or nothing from the yearly budget which reduced the educational quality the country. Some of our certificates are seen as fake which had made individuals either to enroll for certain programs to augment their certificate once they travel or they start life afresh. Lecturer’s salaries and allowances are delayed for months and as a result, some, if not all lecturers, do not give in their best while teaching the students, some have resorted to sorting and many illegal means just to maintain their family while some are doing menial jobs like taxi- driving, land and house agents to survive the hard economy. Unemployment, kidnapping, internet frauds, prostitution, bribery and corruption, incessant killings by unknown gun men, outpour of aggressions in families with fights and exhibition of callous behaviors are on the increase in Nigeria, all as a result of serious economic crises in the country. In conclusion, it is recommended that proper psychological assessment and diagnosis of the people combined with psychotherapy, family support, social support system and economic empowerment are the keys to success for long lasting interventions.


No. of Downloads :

12


Scroll to Top