NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA

This study examines the relationship between Nigeria and the International Monetary Fund (IMF) and also traces its impact on Human Rights and Standard of living. Therefore, it assesses the impact of IMF on Human Rights and the living standards of Nigerians, as it was assumed that Nigeria's rela...

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Autores principales:	Raziqa Muhammad Shafiu, Mohd Afandi Salleh
Formato:	article
Lenguaje:	EN ID
Publicado:	Faculty of Law, Universitas Sebelas Maret 2021
Materias:	international monetary fund human right nigeria Law K
Acceso en línea:	https://doaj.org/article/41fb297a2c0341efb73e80106e39d552
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id	oai:doaj.org-article:41fb297a2c0341efb73e80106e39d552
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spelling	oai:doaj.org-article:41fb297a2c0341efb73e80106e39d5522021-11-15T09:41:01ZNIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA0852-09412549-090710.20961/yustisia.v10i2.52365https://doaj.org/article/41fb297a2c0341efb73e80106e39d5522021-08-01T00:00:00Zhttps://jurnal.uns.ac.id/yustisia/article/view/52365https://doaj.org/toc/0852-0941https://doaj.org/toc/2549-0907This study examines the relationship between Nigeria and the International Monetary Fund (IMF) and also traces its impact on Human Rights and Standard of living. Therefore, it assesses the impact of IMF on Human Rights and the living standards of Nigerians, as it was assumed that Nigeria's relationship with the IMF was the key cause of poverty, social insecurity, economic inequalities and a decrease in people's living standards. Primary data sources, such as official records, newspapers, journals, and books, were used to gather data for research, while the Theory of Human Rights and Dependency Theory was used as the basis for this study. The study discovered that externally enforced economic liberalization does not enhance economic development and degrades government human rights practices. The study also assumed that Nigeria's relationship with the IMF was more detrimental than positive and thus had a direct negative impact on the general standard of living of the people. It was suggested that the government should attempt to diversify the economy, reshape its relationship with international financial institutions, such as the IMF and the World Bank, and provide people with adequate facilities to raise their living standards.Raziqa Muhammad ShafiuMohd Afandi SallehFaculty of Law, Universitas Sebelas Maretarticleinternational monetary fundhuman rightnigeriaLawKENIDYustisia, Vol 10, Iss 2, Pp 177-195 (2021)
institution	DOAJ
collection	DOAJ
language	EN ID
topic	international monetary fund human right nigeria Law K
spellingShingle	international monetary fund human right nigeria Law K Raziqa Muhammad Shafiu Mohd Afandi Salleh NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
description	This study examines the relationship between Nigeria and the International Monetary Fund (IMF) and also traces its impact on Human Rights and Standard of living. Therefore, it assesses the impact of IMF on Human Rights and the living standards of Nigerians, as it was assumed that Nigeria's relationship with the IMF was the key cause of poverty, social insecurity, economic inequalities and a decrease in people's living standards. Primary data sources, such as official records, newspapers, journals, and books, were used to gather data for research, while the Theory of Human Rights and Dependency Theory was used as the basis for this study. The study discovered that externally enforced economic liberalization does not enhance economic development and degrades government human rights practices. The study also assumed that Nigeria's relationship with the IMF was more detrimental than positive and thus had a direct negative impact on the general standard of living of the people. It was suggested that the government should attempt to diversify the economy, reshape its relationship with international financial institutions, such as the IMF and the World Bank, and provide people with adequate facilities to raise their living standards.
format	article
author	Raziqa Muhammad Shafiu Mohd Afandi Salleh
author_facet	Raziqa Muhammad Shafiu Mohd Afandi Salleh
author_sort	Raziqa Muhammad Shafiu
title	NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
title_short	NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
title_full	NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
title_fullStr	NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
title_full_unstemmed	NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA
title_sort	nigeria-imf relationship and its impact on human rights and standard of living in nigeria
publisher	Faculty of Law, Universitas Sebelas Maret
publishDate	2021
url	https://doaj.org/article/41fb297a2c0341efb73e80106e39d552
work_keys_str_mv	AT raziqamuhammadshafiu nigeriaimfrelationshipanditsimpactonhumanrightsandstandardoflivinginnigeria AT mohdafandisalleh nigeriaimfrelationshipanditsimpactonhumanrightsandstandardoflivinginnigeria
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NIGERIA-IMF RELATIONSHIP AND ITS IMPACT ON HUMAN RIGHTS AND STANDARD OF LIVING IN NIGERIA

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