The Impact of Economic Policies on Churches and Faith-Based Organisations in Nigeria
Kata Kunci:
Economic policies, Church, Faith-based Organisations, Impact, NigeriaAbstrak
The economic policies of the Tinubu-led administration, including subsidy removal, naira floating, and fuel taxation, were enacted in 2023 with the aim of stimulating economic growth through the attraction of foreign investors and increased government revenue. However, the timing of these policies has proven problematic, as they were implemented when the country was already grappling with significant macroeconomic challenges such as inflation, low government revenue, high budget deficits, and increased foreign debt. This paper examines the multifaceted impact of these economic policies on churches and faith-based organisations in Nigeria. It explores how these policies affect the operational sustainability, social outreach, and financial structures of these religious institutions. Drawing on case studies, media reports, and policy documents, the study highlights how economic shifts can constrain faith-based organisations' ability to provide welfare services, fund missions, and maintain infrastructure. It also considers the adaptive strategies employed by churches, including financial restructuring, increased emphasis on stewardship, and strategic partnerships. The paper submits that there is a strong connection between government economic policies and the operational sustainability, social outreach, and financial structure of churches and faith-based organisations in Nigeria.
Unduhan
Referensi
Abiodun, L. N., Ogunleye, O. O., Adebayo, A. A., & Olaniyan, T. S. (2024). An assessment of the impact of fiscal and monetary policies coordination on health outcomes in Nigeria. International Journal of Intellectual Discourse, 7(2), 1-12.
Adegbite, T. A. (2019). An evaluation of the effect of taxation policy on inflation in Nigeria. Copernican Journal of Finance and Accounting, 8(2), 9-25.
Adegboyo, O. S., Keji, S. A., & Fasina, O. T. (2021). The impact of government policies on Nigeria economic growth (case of fiscal, monetary and trade policies). Future Business Journal, 7(1), 1-14.
Adigun, O. J., & Folaranmi, A. O. (2024). The relevance of the Nigerian church through its responsibility to the society and community development. International Journal of Contemporary Research in Humanities, 2(1), 151-158.
Ahmed, M. (2024). The impact of Zakah, interest, inflation, and taxation on Muslims living in non-Islamic countries. International Journal of Science and Research, 13(11), 1648-1653.
Akinyede, O. M., & Elumah, L. O. (2017). Economic policy and economic stability in Nigeria. Eurasian Review of Business and Finance, 1(3), 1-9.
Alawode, A. O. (2024). Understanding challenges and prospects of partnership in Christian missions in Nigerian Baptist Convention. HTS Teologiese Studies/Theological Studies, 80(1), a8548.
Asma, L. N., & Noor, H. N. (2016). Faith-based organizations (FBO): A review of literature on their nature and contrasting identities with NGO in community development intervention. European Journal of Economics and Business Studies, 4(1), 14-28.
Buzugbe, J. N., & Ohwofasa, B. O. (2024). Empirical assessment of tax revenue and inflation rate nexus in Nigeria. Journal of Economics and Allied Research, 9(3), 126-137.
Clarke, M. (2015). Points of equilibrium: Religious beliefs and economic development policy. Sustainable Development, 23(5), 297-306.
Dairo, A., & Abolaji, T. S. (2024). The impact of Nigerian economic downturn on Christian worship: A case of African Indigenous Churches. ResearchGate.
Ebimobowei, A., Eburunobi, E. O., & Brown, B. M. (2023). The moderating role of inflation on the relationship between direct taxes and economic development in Nigeria. African Journal of Accounting and Financial Research, 6(3), 36-67.
Gafaar, O. A. S., & Osinubi, T. S. (2005). Macroeconomic policies and pro-poor growth in Nigeria. Proceedings of the German Development Economics Conference, Kiel 2005, No. 24.
Gali Abdullahi, A. L., & Munir, A. M. (2025). Nigeria's foreign policy in the shadow of naira devaluation: Insights from the President Bola Ahmed Tinubu's led administration. Kashere Journal of Politics and International Relations, 3(3), 379-389.
Iannaccone, L. R. (1998). Introduction to the economics of religion. Journal of Economic Literature, 36(3), 1465-1495.
Ibironke, A. (2018). Fiscal and monetary policies in Nigeria: Key aspects, performance, and policy options. Journal of Social Science Research, 12(2), 2804-2818.
Idris, M., Rosni, B., & Tunku, S. T. (2017). The structure of economic policies in Nigeria: A descriptive analysis. The International Journal of Business and Management, 5(8), 163-171.
Kalu, M. N., & Ola, K. O. (2021). Religious organization and taxation: A literature review. In U. H. Shehu, A. B. Mohammed, & S. I. Abubakar (Eds.), Taxation in Nigeria: Chronicles and antecedent (pp. 145-162). Aboki Publishers.
McGee, R. W., Serkan, B., Bahadır, Y., & Tamer, B. (2020). Does religiosity affect attitudes toward the ethics of tax evasion? The case of Turkey. Religions, 11(476), 1-12.
Misztal, P. (2023). Theological dimension of price and inflation. Rocznik Teologii Katolickiej, 22, 203-213.
Odogu, I. L., Obalakumo, P. A., & Opuofoni, C. A. (n.d.). Taxation and economic development of Nigeria: 2006-2018. Journal of Taxation and Economic Development, 130-146.
Offor, E. O., Yakubu, S., Mohammed, A., & Okonkwo, C. (2025). Faith-based organisations and political development in Nigeria: A critical analysis. African Journal of Politics and Administrative Studies, 18(1), 142-164.
Ojewunmi, E. A., & Oluwawunsi, O. A. (2021). Roles of faith-based organizations (FBOs) in promoting sustainable governance in post-colonial Yorubaland of Nigeria. Iconic Research and Engineering Journals, 5(2), 71-85.
Oki, O. J. (2025). Economic sustainability of faith-based organizations in Sub-Saharan Africa: A critical literature review. International Journal of Finance and Research and Management Science, 8(7), 148-167.
Okoroigwe, E. S., Nwankwo, P. C., Okafor, M. C., & Eze, O. R. (2023). Inflation rate and tax revenue performance: A time series assessment of Nigeria's four decades experience. International Journal of Research and Innovation in Social Science, 7(12), 265-276.
Olarinmoye, O. (2011). Accountability in faith-based development organizations in Nigeria: Preliminary explorations. GEG Working Paper, No. 2011/67. University of Oxford, Global Economic Governance Programme.
Ologbenla, P. (2024). The impact of taxation and inflation on consumption in Nigeria. International Journal of Research and Innovation in Applied Science, 9(7), 719-731.
Ovat, O. O. (2019). Economic policies and misery in Nigeria: Implications for national development. Faculty of Social Sciences, Federal University of Lafia 2nd National Conference Proceedings, 1-15.
Oyewale, A. (2024). The role of faith based organisation in the electoral process in Nigeria. Polit Journal: Scientific Journal of Politics, 4(4), 240-252.
Ozili, P. K. (2024). Exchange rate unification in Nigeria: Benefits and implications. In Recent developments in financial management and economics. IGI Global.
Ozioko, H. N. (2024). Repositioning Nigeria's economic policies under the Tinubu administration to curb rising inflation. African Journal of Social and Behavioural Sciences, 14(6), 3763-3776.
Panin, A. (2021). Four reasons why analysis of economic policy and religion go hand-in-hand in sub-Saharan Africa. PEGNet Policy Brief, No. 23/2020. Kiel Institute for the World Economy.
Rydzewska, M., & Bożena, N. (2021). Financial dimension of the activity of faith-based organizations with the status of public benefit organizations in Poland: Research results. European Research Studies Journal, 24(3), 149-170.
Sihombing, I. N. (2023). Administration in improving church stewardship. Journal of Social Research, 2(7), 2535-2545.
Torgler, B. (2003). The importance of faith: Tax morale and religiosity. CREMA Working Paper, No. 2003-08. Center for Research in Economics, Management and the Arts.
Uwak, U. E., Etefia, V. E., & Ebong, V. E. (2024). Politics of fuel subsidy regime in Nigeria and its implications: An assessment of President Bola Ahmed Tinubu's administration. Journal of Policy and Development Studies, 17(1), 54-80.
Unduhan
Diterbitkan
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2026 Advances in Law, Pedagogy, and Multidisciplinary Humanities
Artikel ini berlisensi Creative Commons Attribution 4.0 International License.
