AN ANALYSIS OF THE EFFECT OF THE ECONOMIC RECESSION IN DELTA STATE

ABSTRACT

This study undertook an analysis of the effect of economic recession on people in delta state. The economic recession has caused extreme poverty and suffering of the masses; children right to quality education, affordable inclusive healthcare is deprived, cost of living has gone extremely high for the core poor and the middle income class. There is also increase in crime rates as life gets harder for a greater number of the people (the poor), living conditions are getting worse, crime rates have escalated: increase in kidnapping, petty stealing, child trafficking, robberies and other financial crimes and fraudulent Ponzi schemes: the like of MMM, givers forum, ultimate cycler, twinkers etc. The study was anchored on the Keynesian theory and the classical theory as this theories state how the government and private enterprises can work together to overcome the economic recession. The survey design method with the questionnaire as instrument was employed to elicit information from the sample of 344 respondents that the questionnaire was distributed to. The data analyzed using the simple percentage and the mean score shows that the people are being affected by economic recession to a very large extent and the government is effective in curbing economic recession. However irrespective of this the government should be more involved in the fight for eliminating economic recession and they should work hand in hand with the private sectors to reduce the economic recession in the state.