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Title of the assignment falls within the range of (6-8) or (162-171)

   

Added on  2019-09-23

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Impact of recession has increased side hustle in NigeriaName of the student:Name of the University:Author note:
Title of the assignment falls within the range of (6-8) or (162-171)_1

1Abstract:Present paper was aimed to set out the course of the study through depicting the researchquestion, aim and objective of the same. This has primarily focus on the researchbackground, justification of the same and the ethical considerations that has researchfollowed for the analysis has been described. Besides this the study focused on the limitationof the research. From the entire discussion, the researcher has come to the conclusion that increasing sidehustle ultimately cannot improve the economic growth of Nigeria. This implies that most ofthe side hustles fall under illegal activities, side as smuggling and so on. Hence, it is alsoessential, in this section, to analyse whether the researcher has successfully fulfilled allresearch question. From analysis, it is observed that recession has increased the number ofself-employed people in Nigeria though it cannot change the economic growth of thiscountry. Hence, based on entire analysis it can be said that the increasing number of sidehustle has increased after recession in an illegal way and for this it cannot contribute enoughto the country’s economic condition. Keyword:Side hustle in Nigeria, Nigeria side hustle, Nigeria side hustle recession impact, recessionimpact on side hustle, recession impact on self emplloyment
Title of the assignment falls within the range of (6-8) or (162-171)_2

2Table of ContentsCHAPTER ONE: INTRODUCTION........................................................................................31.1Introduction:................................................................................................................31.2 Research aims and objective and question:......................................................................31.2.1 Research question:....................................................................................................31.2.2 Research aims:..........................................................................................................31.2.3 Research objective:...................................................................................................31.2Research background:.................................................................................................31.3Research justification:.................................................................................................42.8 Chapter summary:............................................................................................................41.5 Ethical consideration:.......................................................................................................51.6 Research limitation:.........................................................................................................51.7 Structure of the study:......................................................................................................61.8 Chapter summary:............................................................................................................6CHAPTER TWO: LITERATURE REVIEW............................................................................62.1 Introduction:.....................................................................................................................62.2 Economic Recession in Nigeria:......................................................................................72.3 Causes of Recession within Nigeria:................................................................................82.3.1 The economic recession in Nigeria due to the financial crisis:.................................82.3.2 Economic recession which has taken place through the other factors of Nigeria:..102.4 General Consequences of the Economic Recession in Nigeria:....................................112.5 Effect of the business development over the Economic Recession:..............................112.6 Impact of Recession over the side business formation:.................................................142.7 Side hustles in Nigeria:..................................................................................................142.8 Chapter summary:..........................................................................................................16CHAPTER THREE: RESEARCH METHODOLOGY...........................................................173.1 Research Design:............................................................................................................173.2 Research Type:...............................................................................................................183.3 Research approaches:.....................................................................................................193.4 Research Techniques and Ethics:...................................................................................203.5 Study Population:...........................................................................................................213.6 Sample population:.........................................................................................................22
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33.7 Sample techniques:.........................................................................................................223.8 Data Collection instrument and method of administration:...........................................223.9 Primary data:..................................................................................................................233.9.1 Design of questionnaire:.........................................................................................233.9.2 Interviews:...............................................................................................................233.10 Secondary data:............................................................................................................233.11Method of data analysis:...............................................................................................243.12 Limitations of Research:..............................................................................................253.13 Conclusion:..................................................................................................................26CHAPTER FOUR: DATA ANALYSIS..................................................................................264.1 Introduction:...................................................................................................................264.2 Data analysis:.................................................................................................................264.2.1 Quantitative data analysis:......................................................................................264.3 Secondary Qualitative Analysis:....................................................................................584.4.1 Impact of economic recession in Nigeria:...............................................................584.4.2 Improvement of Nigerian economy by adopting diversification:...............................594.3 Chapter summary:..........................................................................................................60CHAPTER FIVE: CONCLUSION AND RECOMMENDATION.........................................605.1 Introduction:...................................................................................................................605.2 Finding of the study:......................................................................................................605.3 Conclusion and recommendation of the study:..............................................................615.4 Ethical consideration:.....................................................................................................625.5 Future work:...................................................................................................................62References:...............................................................................................................................63
Title of the assignment falls within the range of (6-8) or (162-171)_4

4CHAPTER ONE: INTRODUCTION1.1Introduction:This introductory chapter is aimed to set out the course of the study through depicting theresearch question, aim and objective of the same. This chapter will primarily focus on theresearch background, justification of the same and the ethical considerations that has researchfollowed for the analysis has been described. Besides this this chapter focuses on thelimitation of the research. 1.2 Research aims and objective and question:1.2.1 Research question:Primary question of the study is as follows:What is the impact of the recession on the side hustle of Nigeria?1.2.2 Research aims:Aim of the present study is as follows:To determine the impact of the recession on the side hustle of NigeriaTo check the trend of the side hustle in NigeriaTo validate whether side hustle has impact on the livelihood of the Nigerian peopleTo judge how recession has impacted the life of Nigerian people1.2.3 Research objective:Objective of the present research is as follows:Checking the impact of the recession on the performance of Nigerian economyDetermining the self-employment level of Nigeria under recessionAnalysing the effect of recession on the livelihood of the people considering privatesavings and disposable incomeJudging the economic impact of side hustle in Nigeria1.2Research background:The economic recession is also being referred as the financial crisis as well as the economiccrisis and the financial crisis as well. This is the time when the economy is slowed. This ischaracterised with the devaluation of the financial institutions and the declining of theproductivity. This often takes place because of reckless and unsustainable money which is
Title of the assignment falls within the range of (6-8) or (162-171)_5

5being lend. The economic recession is being known as the period of general decline of theeconomy and is accompanied typically through a drop within the stock market and theunemployment is increased and thus, a decline is observed within the housing market. In the year 2016, in Nigeria, the things were turned austere specifically and gave birth to longimpregnate recession (Watkins, 2019). This gave rise to the rate of unemploymentconsidering the youths of Nigeria. As a flow, the goods prices and the services wereincreased continuously by over 100% (Thieme, 2018). There was the devaluation of thepurchasing power. Failures were experienced within several companies which were highlyprofiled. The production facilities of the multinational companies have shifted their facilitiesout of Nigeria. This is the study where numerous measures are being suggested by theresearchers that is being required to recover the economy of Nigeria. Under this scenario itcan be seen that majority of the population of the state has been doing self-employable jobgiving rise to the research regarding the same. 1.3Research justification:With the rise in the recession in Nigeria during 2009, there has been phenomenon growth inthe side hustle in the state. Cocoa Farming business of the country Nigeria as well as themarketing of the production of cocoa within Nigeria has increased rapidly. The cocoafarming business of Nigeria is being regarded as one of the major business investments of thecountry regarding the foreign as well as the local investors in the business of agriculture.Next to this, business of copy writing as well as the IT security and the Cyber Security sidehustle within Nigeria emerged as the prime alternative source of the Nigerian employment(Kehoe, 2018). Though it was clear that side hustle has been largely impacted by therecession in the state, yet no study has been there regarding the same. Thus analysing thephenomenon is crucial as this will enable the government of Nigeria and the reader tounderstand in terms of personal employment where Nigeria stand and what can be done forfuture sustainability of the state. 2.8 Chapter summary:For the prevention of the meltdown of the economy and to bounce back towards theeconomic buoyancy within Nigeria, there should be the adoption of the numerous way-outsas well as recommendation which is being required to be adopted in an efficient manner dueto the limitation of times. When these recommendations are being adopted by theGovernment and the stakeholders as well, then it is required to be counted as an opportunityfor the country Nigeria. The recommendations are like:
Title of the assignment falls within the range of (6-8) or (162-171)_6

6The statutory responsibilities considering the law enforcement agencies arerequired to be clearly stated for the prevention of the discharging of themisalignment of the responsibilities,The corruption is being regarded as a deadly disease within the governance whichis being combated with the utilisation of the strict and the deadly punishmentslike the death sentence as well as life imprisonment. The citizens of the country are required to be empowered for the making of thereports, through the numerous means towards the established agencies which hasguided against the unlawful acts. This is the study which has suggested a synchronisation among the fiscal measures as well asthe monitory policy towards the direction of the increment of the liquidity within theeconomy, the decreasing rates of the interests, the employment and the increasing investmentalong with the increment of the income of the economic entities. The recession is beingregarded as an economic cycle which is involved in affecting the entire economy all over theworld. 1.5 Ethical consideration:Ethical consideration is one of the essential parts of every research work as it defines the dosand don’ts of the researchers. As per the ethical code of conduct of the research, everyresearcher is bound to follow the ethical perspectives of research so as to ensure no biasnessin survey and interviews (Ravenelle, 2019). The paper considers ethical consideration at thetime of survey. The researcher provides flexibility to each respondent for providing answers.Moreover, the researcher does not reveal the identity of respondents for their security.Besides this, it can also be mentioned that researcher also let the respondents know the reasonof survey so as to reduce the biasness in their responses. With flexibility in casting response,researcher allow respondents to join with the survey freely underpinning the main focus ofthe ethical code of conduct of research. 1.6 Research limitation:When it comes to research limitation, then every research work have some. This presentstudy has been done considering the case of the Nigeria and it has considered both theprimary and secondary data for the analysis. However, it has not considered the interview thatcan enable the researcher to get in depth knowledge about the real situation. Moreover,though the researcher has followed the ethical codes of research, yet there is ample scope thatthe collected data is not free from error as they have been collected virtually. Besides, it is
Title of the assignment falls within the range of (6-8) or (162-171)_7

7also true that there was no outlier within the dataset, yet it is limited to Nigerian people only.Thus, generalisation of the same cannot be done as different economy has different set ofcharacteristics that are unique in nature. Lastly, it can be stated that it has considered therespondents irrespective of the region of Nigeria. Thus, this study only provides overallrecessionary impact on the side hustle in Nigeria, rather than providing region specificoutcome. 1.7 Structure of the study:This study is divided into five chapters which are introductory chapter, literature review,methodology, data analysis and conclusive chapter. Introductory chapter sets the course ofthe study as it defines the main research question, aims and objective. Moving forward, incase of literature review, it defines the previous literary studies and the evidences of therecession on the side hustle of Nigeria. Through the utilisation of the previous literaryevidence, this chapter showcased the literature gap in case of the phenomenon underresearch. In next chapter, research methodology has been explained. This chapter is one ofthe essential chapters as it defines the method of data collection, method of data analysis andthe how all the calculations will be done. Besides this, this chapter defines the hypothesisbased upon which researcher has done data analysis in next chapter. In data analysis chapter,researcher has showcased all the finding of the statistical analysis in tabular and graphicalformat. With utilisation of the SPSS software, researcher has conducted inferential statisticalanalysis and the outcome of the same has been presented in this chapter. Lastly, in fifthchapter researcher has demonstrated all the finding and the limitation of the researcher.Providing in depth discussion of the finding of the research, in this chapter, researcher, hasprovided conclusion to the study. 1.8 Chapter summary:Present chapter of the study was aimed to demonstrate the research question, aims andobjective of the research. Through depicting the research structure, it has demonstrated theresearch justification, background of the research and the ethical perspective as well aslimitation that the present study have. CHAPTER TWO: LITERATURE REVIEW2.1 Introduction:This is the study which will discuss about the effect of recession which has increased the sidehustle in Nigeria. Nigeria has experienced doldrums for a long period along with fiveconsecutive quarters when the economy is being shrinking. The economy as well as the
Title of the assignment falls within the range of (6-8) or (162-171)_8

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