Socioeconomic Effects of Nigeria’s 2011 Freedom of Information Act

Ferdinand C. Nwafor

Abstract


This paper examines the socioeconomic effects or implications of the Freedom of Information Act (FOIA) 2011 in Nigeria. It applies a simple supply-demand driven approach to examine the externality effects on the social and economic issues prevalent in Nigeria prior to (ex ante) and subsequent to (ex post) the enactment of the FOIA 2011. It concludes that the potential positive externalities of the FOIA 2011 exceed the negative externalities with respect to Nigeria.

Keywords: Agency problem, Asymmetric information, Externalities, FOIA, Socioeconomic effects, Supply-demand.


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ISSN (Paper)2222-1700 ISSN (Online)2222-2855

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