ABSTRACT: This study aimed at analyzing through econometric methodology the Determinant of Balance of payment in Nigeria. In the work, we capture balance of payment as the dependent variable while trade openness, external debt service and exchange rate as the explanatory variable. In the second page of the regression estimated we observed GDP as the dependent variable while balance of payment, trade openness exchange rate and external debt service being the i...

Abstract: The study which examined the problem and prospect of financing state government projects through the capital market presented revealed that there is a significant difference in the project financing from state government project in finance problems and those  in dilapidated in Capital market. The findings also revealed that there is a significant difference in the project financing from state government project in state with adequate funds set aside and those &...

ABSTRACT: This study was intended to evaluate capital market structure and development. The study was guided by the following objectives; to analyze and evaluate the capital market structure in aiding the development of the Nigerian economy.

The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using a statisti...

Abstract: Deficit Financing plays an extraordinary and growing role in achieving full employment in Nigeria sustainable economic growth, price stability and poverty reduction. Theoretically, both Keynesian and neoclassical economists provided tools for government intervention, particularly with regard to government budget deficit financing. This study is aimed at examining the effect of deficit financing on unemployment rate in Nigeria. The study indicate that the validity of...

Abstract: Deficit Financing plays an extraordinary and growing role in achieving full employment in Nigeria sustainable economic growth, price stability and poverty reduction. Theoretically, both Keynesian and neoclassical economists provided tools for government intervention, particularly with regard to government budget deficit financing. This study is aimed at examining the effect of deficit financing on unemployment rate in Nigeria. The study indicate that the validity of...

BACKGROUND OF THE STUDY: In a country with mixed economy like Nigeria, the government and the individual are managing the economy together. This means that people, groups and the three levels of government are free to start businesses. The three lowest levels of government include the local government, the state and the federal government, respectively. In the modern world, mixed economy appears as the most widespread economic system, but what makes the diffe...

Abstract: This study investigates the relationship between government spending on education and economic development in Nigeria using annual time series data for the period of 1981 to 2013 sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin. Using Johansen`s co-integrated test it was established that there is evidence of long run relationship between GDP and government spending on education. The long run coefficient of both capital and recurrent expenditu...

ABSTRACT: Nigeria  has experienced vibrant activity relating to the acquisition of local firms by Private enterprises (PE) and the size of PE transactions. Some notable PE firms are well known and are listed on the NSE. PE as its name suggests, is very reclusive, private and confidential in nature; and the exact information about financial deals are difficult to ascertain. The research objective was to establish the effect of macroeconomic variables...

Abstract: Unemployment is a phrase used in economics to describe a scenario in which individuals who are actively seeking employment are unable to secure job opportunities. The measure of unemployment is commonly represented as a proportion, denoted as a percentage, relative to the entirety of the labour force that is now available for employment. The rate of unemployment exhibits fluctuations in response to economic situations and many contextual factors. This phenomeno...

BACKGROUND: Inflation can be defined as the persistent or continuous increase in the general price level Mr. Thoney Croft former chancellor of the exchequer (minister of finance)  focuses   defined inflation “too much money chasing few goods” for about three decades now, inflation is a hydro-head problem that is so difficult to eliminate in Nigeria. Infact it has been a topic  of major debate among economist in N...

HISTORICAL BACKGROUND OF THE STUDY: The history of economic growth shows that, economic transformation started in England in the Late eighteen century and gradually spread to other parts of Europe and North America. Economic transformations did not get to other parts of thee world until in the 1950s when Japan transformed to become one of world’s major industrial giants. This economic transformation has spread far and wide in the recent times but its spread is highly li...

This study is on a strong impression of effective management of resources in solving unemployment problem in Awgu local  Government  Area, how they have carried its operations to bring this phenomenon to its minimum.  In order to active this empirical survey and library research were carried out. The sources of data are the administrative questionnaire and oral interview, while the secondary sources includes statistical tools. The research reveals that the local government has...

BACKGROUND OF THE STUDY: Until the early 70’s, the mainstay of Nigeria economy was agriculture. Then the country was famed for her proficiency in the production of groundnuts hence the Kano groundnut pyramids, oil palm and the faster part of cocoa in the western part of the country.The discovery of oil in the country in commercial quantities brought about radical changes in the economy of the nation. All other sectors seemed to have gone into oblivion a...

ABSTRACT: Many developing countries are competing to attract foreign direct investment with a belief that it can be a tool for poverty reduction because it serves as supplements to domestic savings and it is often accompanied with technology and managerial skills which are indispensable in economic development. Foreign direct investment can contribute in significant ways to breaking of growth – poverty vicious circle and there lies Nigerian hope. The Ni...

BACKGROUND TO THE STUDY: The sum of the money worth of all the commodities and services produced in a country during a specific time period, generally a year, is referred to as national income. At this point, the topic of how an economy expands may spring to mind. When a country's economy produces more products and services, it grows. It is not expanding if it does not rise annually, and even if it does, the pace of growth may vary from year to year. As a...

ABSTRACT: The need for industrialization has become one of the problems facing Nigeria. Not with standing that industrialization can lead to economic development, creation of employment opportunities, increases in productivity, increase in foreign exchange etc.

Huge amount of capital is needed for an industrial development as it is a capital project that needs both labour intensive and capital intensive in abundant. In this project we assess the impact of industrial...

Background of the Study: The economy of any country, irrespective of its structure is regulated by certain policies developed by the government. Some of these include economic policies, social policies, monetary policies etc. however of all these policies economic policies are most fundamental. Gbosi (2001) The economic factors are cynical because they serve as a foundation for the success of the other policies of government. The constituent element of these...

ABSTRACT: This study looks at the impact of tariff on the economic growth of Nigeria. It examines the extent to which tariff has brought about economic growth in Nigeria between the period of 1988-2017. Tariff which is a form of tax or trade restriction levied on imported goods, in order to encourage the infant industries from international competitions, this can boost economic growth. The ordinary least square method of regression was used to analysis the relationship betwee...

ABSTRACT: The researcher focused on some of the spending control approaches that are and may be used in government. Taking into account the hurdles and their degree of efficacy, focus is placed on the strategies that are currently in use. Interviews, questionnaires, and financial rules were used to collect data for the study. In the data analysis, percentages were utilized. The research findings are shows that budgeting, expenditure control, and audits a...

BACKGROUND OF THE STUDY: Tax is an important factor in economic planning and development of a nation and I is an important agent of social change, (Ola 1985:109). Tax according to Agysi (1983:174) the transfer of resources from private sector to the public sector in order to accomplish some of the nation’s economic and social goals. Furthermore, tax is a compulsory levy imposed on the payer by a legal authority or recipient public authority. Throughout...

ABSTRACT: This study was carried out on the assessment of the effect of cryptocurrency ban policy on investors in Nigeria using investors in Lagos state as case study. To achieve this, 2 research questions were formulated.  The survey design was adopted and the simple random sampling techniques were employed in this study.  In determining the sample size, the researcher purposively selected 65 respondents while 50 respondents were validate...

Background to the study: Citizens, government institutions, privately held corporations such as banks, and the economy as a whole are all affected by a country's debt structure. The total of domestic and international borrowings is referred to as the public debt. Dewett and Navalur (2010) describe public debt as a government's borrowing from inside or outside the nation, from pri...

BACKGROUND OF THE BODY: Privatization Appeared on standard dictionaries only in the early 1980s [it appeared in Webster new collegiate Dictionary is one of the radical methods through for thinning the government owned enterprises [which failed to maximize greater goods, he did so at high cost and ran government into severe fiscal problems in the 1980s making loans difficult to raise both home and abroad]. Around the other method was to strengthen th...

BACKGROUND OF THE STUDY: Block chain technology is one of the newest, hottest and most intriguing technologies currently in the market. The technology is capable of providing a secure, transparent, and efficient processes for Entrepreneurs, startup companies, investors, global organizations and governments. Block Chain technology is a digital ledger which uses bit coin or other crypto currency to conduct transactions which are recorded chronologically an...

ABSTRACT: This study investigates the significance of forensic accountants in the identification of fraud in Nigeria, specifically focusing on a comparative comparison between the public and private sectors. The function of a forensic accountant is of great importance inside Nigerian organisations, as they employ advanced technology equipment to conduct investigations as part of their assigned tasks. The researcher utilises primary data collection methods, sp...

Background of the Study: Economic policies are deliberate actions by the authority geared towards influencing total spending, output, income, cost of money, employment and other economic activities in an economy.  Economic development on the other hand is defined as a process whereby the real precipitate income of a country increases over a period of time.  Therefore, national economic policy and development is all about plans of action the central...

ABSTRACT: This study was carried out on the challenges of policy implementation in Nigeria. To achieve this 4 research questions were formulated. Respondents were obtained from civil servants resident in Abuja, FCT of Nigeria. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of the entire civil servants resident in Abuja, FCT of Nigeria. In determining the sample size, the r...

Background of the study: Overtime, a lot has been said and done about the recent continuous increment of the United States dollars and its effect on the economy. The importance of the US dollars to a mono economy and import dependent nation like that of Nigeria cannot be over emphasized in that most notable transactions that takes place in any economic process must have a direct or indirect connection with the dollars.  

In the  economic analysis of any de...

ABSTRACT: The general objective of the study is to analyze the effect of deficit financing on Nigeria’s economic growth. Secondary data emanated from the publication of the Central Bank of Nigeria Statistical Bulletin, vol. 26, 2015 was utilized. The data collected spanned from the year 1981-2015. Augmented Dickey Fuller (ADF) unit root test, Johanson Co-integration test and Error Correction Model (ECM) were employed for the analysis and the finding sho...

ABSTRACT: This study evaluated the implications of fuel subsidy removal crisis in Nigeria. The study specifically examined the implication  of fuel subsidy removal on unemployment in Nigeria, assessed the impact of fuel subsidy removal on  inflation and food security and examined the impact of the fuel subsidy removal crisis on income level and standard of living in Nigeria. The survey design was adopted and the simple random sampling...

Abstract: The manufacturing sector of the economy is the most important sector and for obvious reasons it is affected by the unprecedented increase of banks high lending rate to borrowers. The study is to determine the manufacturing sectors capacity, product pricing and sectors profitability. Questionnaires were designed and distributed to elicit information from the sample population; also, data were gotten through primary source. These data collected were presented and anal...

Background of the Study: The economy of any country, irrespective of its structure is regulated by certain policies developed by the government. Some of these include economic policies, social policies, monetary policies etc. however of all these policies economic policies are most fundamental. Gbosi (2001) The economic factors are cynical because they serve as a foundation for the success of the other policies of government. The constituent element of these...

Background of the study: Many policy makers and academics argue that foreign direct investment (FDI) can have robust positive effects on a host economy’s development. In addition to the direct capital financing it supplies, FDI can be a source of valuable technology and know-how and enhances linkages with local firms, which can help to boost growth in an economy. Based on these arguments, industrialized and developing countries have offered incentives to encourage forei...

ABSTRACT: The enthusiasm to improve rapid economic growth and development resulted in government involvement in economic activities, believed to be best operated by the private sector, though the creation and establishment of state owned enterprises. However the resulting waste, inefficiencies and unproductivity of the these enterprises warranted, stimulated and fueled the move in national consciousness towards the imperative of privatization (and commerciali...

ABSTRACT: The study examines the impact of inflation on economic growth of Nigeria. Other micro economic variable tested along with inflation in this study are Agriculture, manufacturing, and trade. In analyzing the data the simple percentage method was applied the empirical results demonstrated that there is a positive relationship between the dependent variable (agriculture and trade) and explanatory variable except in manufacturing.
The relationship between inf...

ABSTRACT: This study was carried out to examine the Effect of Bad Road to the Economic Development of Imo State, using Ministry of Works and Transport, Imo state as case study. Specifically, the study aimed at discovering the effect of bad road on infrastructure in Imo state; find out the effect of bad road on literacy rate in Imo state; and examine the effect of bad roads on the rate of employment in Imo state. The study employed the survey descrip...

ABSTRACT: Corporate managers often grapple with the challenge of determining the optimal blend of stock and debt in their capital structure to effectively enhance returns and maximise the value of their organisation. This study seeks to evaluate the impact of capital structure on the financial performance of industrial companies listed in Nigeria. The population for this study comprises all manufacturing firms listed on the Nigeria Stock Exchange. Howeve...

Background to the Study: A budget is a framework for revenue and expenditure outlays over a specified period usually one year (Olurankise 2012). The role of budget in an economy cannot be overemphasized Olomola (2009). It is an essential factor for economy in facilitating and realizing the vision of government in a given fiscal year. Olomola (2009) opined that the budget process has always been coming with unending faults. The most visible bottlenecks are ass...

CHAPTER ONE

INTRODUCTION: During the pre – Babangida administration years, the Nigerian currency was above the dollar and at par with the pound, but now, the naira seems to be tumbling down the abyss. Exchanging for #44 to the United States dollar and #120 to the pound sterling in the parallel market as at October 1994 and despite the official rate for the pound sterling at 336 to one dollar and #68 to one pou...

CHAPTER 1 INTRODUCTION

Background to the study: Oil, a very versatile and flexible, non-reproductive, depleting, natural (hydrocarbon) is a fundamental input into modern economic activity, providing about 50% of the total energy demand in the world. (Anyanwu J.C. et al, 1997)

Petroleum or crude oil is an oily, bituminous liquid consisting of a mixture of many substances, mainly the element of carbon and hydrogen known as hydrocarbons. It also contains very...

CHAPTER ONE: INTRODUCTION

Background to the study

Oil is a highly adaptable and flexible non-renewable hydrocarbon that plays a c...

CHAPTER ONE

INTRODUCTION

BACKGROUND TO THE STUDY: The capital market has been identified as an institution that contributes to the socio-economic growth and development of emerging and developed economies. This is made possible through some of the vital roles played such as channeling resources, promoting reforms to modernize the financial sectors, financial intermediation...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: Population is the focal point of any planning exercise, and significant development planning is impossible without a population census (Edeialor, 2021). Population census in the work of the United Nations Organization (U.N.O.) is the total process of collecting, compiling, evaluating, analysing, publishing, and disseminating demographic, economic, and social data perta...

CHAPTER ONE

INTRODUCTION

Background to the Study: Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macroeconomic aggregates such as output, employment and the price level. The major components of macroeconomic policy include fiscal, monetary, debt management, exchange rate and prices and incomes policies. The objectives of macroeconomic policy include economic growth, balance of payment...

CHAPTER ONE

INTRODUCTION

Background To The Study: Nigeria, the most populous black nation situated in western Africa is popularly known for her dominant source of revenue; Crude oil. Thus, Nigeria became increasingly dependent on oil revenue, which in the last few decades has experienced fall in its price per barrel and production. With oil revenue as the main stay of the...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: By the year 1970’s and early 1980’s external debt obligation of Nigeria was very significant, but assumed crisis and disagreement in the late 1990’s. However, external debt or internal debt obligations results from disagreements between the Fiscal operations of the government when the total expenditure exc...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: In the era of post colonialism, Nigeria has at one time or another, embarked upon certain policies that have political economic implications. For instance, from 1960 to date, Nigeria has introduced indigenization and nationalization policy, operation feed the Nation (OFN), Austerity measure, structural adjustment programme (SAP), Deregulation of oil sector, Resource control...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: Researchers have shown interest in investigating the correlation between macroeconomic conditions and organisational performance. Key macroeconomic indicators, like the exchange rate, interest rate, inflation, and gross domestic product, are commonly believed to influence an organization's performance. These are exogeno...

CHAPTER ONE

INTRODUCTION

Background of the Study: The political, economic and social development of any country depends on the amount of revenue generated for the provision of infrastructure in that given country. However, one means of generating the amount of revenue for providing the needed infrastructure is through a well structured tax system. According to Azubike (200...

CHAPTER ONE

INTRODUCTION

Background to the Study: Fiscal policy has traditionally been related to the use of taxation and public expenditure to influence economic activities of a country. The implementation of fiscal policy is basically rooted in the budget of the government. The most vital aspect of a public budget is its use as an instrument to manage an economy (Omitogu...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF STUDY: Since the attachment of independent in 1960 various policies of the Nigeria government have been geared essentially towards promoting the growth and development of the Nigeria economy b...

CHAPTER ONE

INTRODUCTION: Globalization remains one of the most controversial subjects of our time. Several authors and ideological applications. Globalization is the close interaction between national economics through trade investment and capital flows made possible by technological development and advancement in telecommunication world to a globa...

CHAPTER ONE

INTRODUCTION

BACKGROUND TO THE STUDY: The relationship between government expenditure and economic growth has continued series of debate among scholars. Keynes (1936) posit that the solution to economic depression is to induce the firms to invest through some combination of reduction in interest rates and government capital investment including infrastructure.&...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: The issue of inflation has gained significant attention among Nigerian families and in various countries worldwide. As the press continues to have a greater impact on the nation's society. The sharp and continuous increase in price is widely recognised as a significant economic issue in our current era. The problem at h...

CHAPTER ONE

INTRODUCTION

BACKGROUND TO THE STUDY: Inflation is an inevitable property of any economy in the world. It influences every country, negatively as well as positively, whether it is developed or developing country as well. Anyanwu (2011) stated that inflation is an important factor leading to social and economic instability and disorder. It is one of the most lar...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: The use of computer in business transaction is growing day by day and it is widely use. It is common in most part of the country and the world itself is becoming a global village. Information technology most especially in the area of computer and communication network has incorporated in most all aspect of business activities today. It has been found to be effective, effici...

CHAPTER ONE

INTRODUCTION

Background Of The Study: The currency of a nation would normally serve as a medium of exchange a standard of rate and a store of value. A close perusal of these functions would show that in a complex economy. Money is usually the only accepted medium through which a buyer pays a seller. Money is a convenient way to store wealth for use whenever it...

CHAPTER ONE

INTRODUCTION: Over population is a very big threat to the socio-economic development of any given country most especially when the available resources is no where to carter for the needs and yearnings of the people coupled with bad leadership and governance or political instability as found in our country Nigeria. In the present day National Development pace, it is obvious to say that one of the biggest...

CHAPTER ONE

INTRODUCTION

Background to the Study: Nigeria still presents a clear reflection of the third world economy in which the growing economy has some working machinery, monetary and fiscal policies that are aimed at maintaining a balance in the entire economy so that growth and development, which is the ultimate goal of every economy, is realized. Generally, monetary policy refers to combination of measures des...

CHAPTER ONE

INTRODUCTION

Background to the Study: Since the dawn of time, man as an individual and in groups have gone in search of power. Power to change things and power to make things happen. Power, is referred to in this paper as electricity or electric power. Power is essential to the economic growth and development of nations. Its uses are directly correlated with he...

CHAPTER ONE INTRODUCTION

BACKGROUND TO THE STUDY: Research on effectiveness of monetary policy on economic variables in Nigerian economy has for long been of interest to economist and policy makers however, studies have been carried out on certai...

CHAPTER ONE

INTRODUCTION

Background to the study: Monetary polices in Nigeria and the United Kingdom, the central bank of Nigeria and the bank of England act as advisers to the government over monetary polices. The authorities take the final decision on the matters. In Germany, the contrast in the case because the German central, the bunds bank of Germany has a constitutio...

CHAPTER ONE

INTRODUCTION

Background Of The Study: The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist,...

CHAPTER ONE INTRODUCTION

BACKGROUND OF THE STUDY: The Quality of education in Nigeria has been a major cause of concern for the people. Most government schools are massively underfunded, which has created an inconducive lear...

CHAPTER ONE

INTRODUCTION

Background Of The Study: The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist, finan...

CHAPTER ONE
INTRODUCTION

Background Of The Study: The history of Nigeria's economic growth has been somewhat turbulent. According to the research that has been done, the economy initially functioned as a single-crop economy, with agriculture serving as the primary contributor. After the discovery of oil in sufficient quantities for commercial use in 1956, sector was reduc...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: The lack of available cash for investment is a problem that plagues the economies of most emerging countries. As a result, many countries are struggling economically. In an effort to improve the situation, the governments of these countries have shifted their attention to investments, particularly direct foreign investment,...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: The Quality of education in Nigeria has been a major cause of concern for the people. Most government schools are massively underfunded, which has created an inconducive...

CHAPTER ONE 

INTRODUCTION

BACKGROUND OF THE STUDY

Having chosen this topic to write on, my objectives is to find out the roles played by our financial institutions in our present economic situation whether they being followed in this time of economic recession their effects on the economy and the extents to which they have gone in helping to revamp  the economy. Financial institutions....

CHAPTER ONE

INTRODUCTION

A HISTORICAL PERSPECTIVE OF NIGERIA’S EXTERNAL DEBT

The management of Nigeria’s external debt has been a major macroeconomic problem especially since the early 1980s. For many years now, the country’s debt has been growing in spite of the efforts being made by the Government to manage and minimize its crushing effects on the nation’s economy. Such efforts range fro...

CHAPTER ONE

INTRODUCTION

AN OVERVIEW OF NIGERIA’S EXTERNAL DEBT

The management of Nigeria's external debt has posed a significant macroeconomic challenge, particularly since the early 1980s. Over the course of numerous years, the nation's debt has continued to increase despite the Government's persistent efforts to handle and reduce its detrimental impact on the...

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY: According to Black Law Dictionary, tax is a rateable portion of the produce of the property and labor of the individual citizens, taken by the nation, in the exercise of its sovereign rights, for the support of government, for the administration of the laws, and as the means for continuing in operation the various legitimate functions of the state.

The Instit...

CHAPTER ONE

INTRODUCTION

Background of the study: Inflation is a term used to describe the rate at which the price of goods and services rises over time. Inflation impacts not only the cost of life – items like transportation, power, and food – but also interest rates on savings accounts, company performance, and, as a result,...

INTRODUCTION

The distribution of proven and proved yield-enhancing agricultural technology aimed at achieving national development is significantly influenced by both physical and institutional infrastructure. Development as a concept has been thoroughly researched as a wide and inclusive term used to explain economic growth and social progress. However there has been a shift of focus from industrial and economic development as defining forces to s...

CHAPTER ONE

INTRODUCTION

Background of the study: The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Therefore the body of literature on population growth in Nigeria has always emphasized either the negative or the positive effect. Therefore in every discussi...

INTRODUCTION

This chapter is the primary chapter of this study consisted of nine sections, in the first section, it would present background related to the study where as in the second section the problem statement, the third section researchers were consider research purpose, and the fourth section the study would present research objectives, the fifth section research questions, The sixth section, the study was discussed the scope of the study, The seventh section the study provid...

Abstract

Given energy security and climate change challenges occasioned by increased hydrocarbon consumption, and increased trade between Nigeria and Cameroon, a holistic study of commercial energy (petrol, diesel, kerosene) demand in both countries is undertaken. Our main objective is to find out which of the two economies has performed better, in terms of energy intensity (i.e. which is less energy intensive) between 1971 and 2010. For this, five specific objectives were addressed...

ABSTRACT

Oil revenue is indeed an important component of economic growth of the recipient nations. Therefore, most of the oil-rich nations invest the revenue from the oil sector into the non-oil sectors for strategic reasons. However, over the past five decades there has been a blur in the practicality to fulfilling this purpose in the context of Nigerian economy. So far, there is high inconsistency on the utilization of such oil revenue in Nigeria. Over dependence on oil revenue te...

ABSTRACT

A major engine of economic growth and development of any nation is the stock market. It impacts positively on the economy by providing financial resources through its intermediation process for financing long term projects. These projects could be promoted by governments or private institutions. The analysis scope covered a period of twenty-five years spanning from 1986-2010. The econometric methodology adopted is the Ordinary Least square method (OLS). Using the independen...

ABSTRACT

This dissertation analyses the real exchange rate-domestic consumption relationship in Nigeria using the Smooth Transition Autoregressive (STAR) model from 1981 to 2016. Findings shows that domestic consumption determines the regime shift in real exchange rate suggesting a nonlinear linkage of real exchange rate and domestic consumption with clearly distinct regimes. Exchange rate is shown to have significant linear effect from previous exchange rate. On the other hand, cur...

ABSTRACT.

This study assesses the determinants of agricultural output in Nigeria using annual data covering periods from 1981 to 2018. The variables employed were Agricultural Growth (AG), Agricultural Credit (AC), Government Expenditure on Agriculture (GEA) and Money Supply (MS) with Agricultural Growth (AG) as the dependent variable. The study employed the use of econometric analysis such as; Descriptive statistics, Unit root test (ADF), Granger causality test, Johansen co-integra...

ABSTRACT

This study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 1990-2011. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables. The expla...

ABSTRACT

This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out an...

ABSTRACT

This study examines the impact of stock market development on economic growth in Nigeria using annual time series data covering the period between 1980 and 2019. The techniques employed are Augmented Dickey Fuller unit root test, Johansen Cointegration Analysis, Ordinary Least Square and Granger causality test. The unit root test results show that all variables are not stationary at levels but became stationary at first difference i.e. I(1) variables. The Cointegration test...

ABSTRACT

This study examined the relationship between Money Supply, Inflation andOutput level in Nigeria with view to ascertaining the existence or otherwise of the Tobin effect. To achieve this, the study employed the ARDL bound testing approach to cointegration on annual series of Money supply, CPI and real GDP growth rate from 1970-2016.After controlling for the observed structural breaks in the series using the dummy variable approach, the short run model shows that Money supply...

ABSTRACT

This study focused on the empirical examination of Environmental Kuznets Curve (EKC) in West Africa and tried to discover whether or not the EKC held in West Africa for carbon emissions (CO2) which is an indicator of environmental quality. The study included the entire sixteen countries located in the West African region and spanned the time period from 1980-2012. The panel data estimation technique was carried out and the result generated from our analysis was that of the...

ABSTRACT

This research study, by means of a robust statistical analysis investigates the impact of deposit money bank on the manufacturing sector in Nigeria. Data from 1980-2011 were examined. The empirical analysis carried out showed that the lag of exchange and commercial bank credit have a significant and positive impact on manufacturing sector in Nigeria within the period under review, and as such the monetary and capital market in Nigeria should be further developed to meet sta...

1.1BACKGROUND OF THE STUDY

Most developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Some economist and analysts are of the view that industrialization plays a major role in the economic growth and development of any nation.

Thus in this research work, effort is made to assess the impact of industrialization on economic gro...

ABSTRACT

One can hardly find a country without monetary policy. As a matter of fact, monetary policy  has  gained  a  solid  ground  in the Nigerian economy. However, in light of various economic problems in Nigeria, it would seem the benefits of monetary policy are yet to be fully harnessed. The purposed of this study is to analyse the impact of monetary policy with Nigeria  being the case study. With regards to the data analysis, regression analy...

ABSTRACT

The study examines the private sector as the engine of economic growth and development in Nigeria. A model was specified and data were collected from the period of 1980-2010. The method used in this research work is the ordinary least square (OLS) regression model and variables which are: gross domestic product (GDP) as the dependent variable while foreign private investment (FPI), domestic private investment (DPI), total private savings (TPS), and total bank loans (TBL) ar...

ABSTRACT

The study investigates the impact of government expenditure on economic growth of Nigeria from the period  1980-2011.  The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and specification of model which was used to show if government capital and recurrent expenditure has positive or negative impact on ec...

ABSTRACT

This research study concerns itself basically with the investigation with microfinance bank institution to capital formation in Nigeria, in analyzing this research study, unitary test was adopted and the instrument used for obtaining the data is secondary data from CBN statistical bulletin. The information collected from the secondary data, helps the researcher to analyse how micro-finance bank work and meet the expectation of the government and the people. Having the depen...

ABSTRACT

Inadequate support in terms of credit facilities from government and financial institution has been identified as one of the major problem affecting farming operation particularly that of the small scale farmers in Nigeria. This study analyzed the impact of credit facilities to the operation of small scale farms in Nigeria using BENDE Local Government as a case study. Questionnaires were used to source the data used in carrying out this research. The research design employe...

ABSTRACT

This study estimated price and income elasticities of energy demand in Nigeria. The objective of the study was to examine the responsiveness of demand for energy to changes in price of energy and per capita income in Nigeria. The demand for petroleum product (gasoline and diesel), proxy for energy demand is the dependent variable, while weighed average price for energy demand and per capita income are the independent variable. The study adopted regression analysis and vecto...

ABSTRACT

This study looks at the impact of tariff on the economic growth of Nigeria. It examines the extent to which tariff has brought about economic growth in Nigeria between the period of 1980-2010. Tariff which is a form of tax or trade restriction levied on imported goods, in order to encourage the infant industries from international competitions, this can boost economic growth. The ordinary least square method of regression was used to analysis the relationship between tariff...

Abstract

Despite the interest rate liberalization policy that gave rise to commercial banks’ pricing of loans models which is expected to enhance quality of banks assets and improve financial intermediation, poor assets quality of banks, bank failures and poor intermediation role of banks are still prevalent in Nigeria. Therefore, the focus of this study is to estimate commercial banks’ pricing of loans model and use the model to evaluate assets quality of banks and leve...

Abstract

In spite of the vast deposit of resources and human endowments in ECOWAS region, gains from trade have really been marginal in the region. ECOWAS members have poor performance in export of dynamic products; they remained commodity dependent in its exports, leading to transfer of economic gains across border. Over 90% of the region’s export is primary products with very little value-added which accentuated from commodity price and demand inelasticity resulting in terms...

ABSTRACT

In recent times, there has been growing concern about the rising but volatile rate of investments in Nigeria. Thus concern stem from the fact that investment plays a dominant role in stimulating growth. The study buttress on the overview and empirical analyses into the determinant of investment in Nigeria in other to achieve the objective hypotheses which was stated with the purpose of achieving current and future stable and upswing of investment by readdressing problems of...

ECONOMIC CONSEQUENCES OF JAPA: ASSESSING THE IMPACT OF SKILLED LABOR MIGRATION ON NIGERIA'S GDP

Chapter One: Introduction

Background of the Study

The phenomenon of "Japa," a colloquial term in Nigeria describing the large-scale migration of skilled and unskilled labor to foreign countries, particularly in Europe, has emerged as a significant socio-economic issue. The term encapsulates the desperation of many Nigeria...

THE ROLE OF JAPA IN NIGERIA’S ECONOMIC DECLINE: ANALYZING THE LOSS OF PRODUCTIVE WORKFORCE

Chapter One: Introduction

Background of the Study

The term "Japa" has gained significant prominence in Nigeria over recent years, symbolizing the large-scale migration of citizens, particularly skilled professionals, to foreign countries in search of better economic opportunities and living conditions. This phenomenon is not...

ECONOMIC IMPLICATIONS OF JAPA: EVALUATING THE IMPACT ON NIGERIA'S LABOR MARKET.

Chapter One: Introduction

Background of the Study

The Japa phenomenon, referring to the mass migration of Nigerians to foreign countries in search of better opportunities, has had significant economic implications for Nigeria. This migration trend, driven by various factors including economic instability, political uncertainty, and better prospect...

THE ECONOMIC IMPLICATIONS OF JAPA: ANALYZING THE EFFECTS ON NIGERIA’S PRODUCTION AND INDUSTRIAL SECTOR.

Chapter One: Introduction

Background of the Study

The Japa phenomenon, marked by the high volume migration of Nigerians seeking better opportunities abroad, has significant economic implications, particularly for Nigeria’s production and industrial sector. This migration trend, driven by economic instability and the...

JAPA AND ITS IMPACT ON NIGERIAN ECONOMIC SECTORS: ANALYZING EFFECTS ON AGRICULTURE, MANUFACTURING, AND TRADE.

Chapter One: Introduction

Background of the Study

The Japa phenomenon, which refers to the mass migration of Nigerians seeking better opportunities abroad, has far-reaching implications for Nigeria's economic sectors. This migration trend impacts various sectors, including agriculture, manufacturing, and trade, which...

EXPLORING THE LINK BETWEEN JAPA AND YOUTH UNEMPLOYMENT IN NIGERIA.

Chapter One: Introduction

Background of the Study

The Japa phenomenon, characterized by the significant migration of Nigerians seeking better opportunities abroad, has notable implications for youth unemployment in Nigeria. The migration of young, skilled, and unskilled individuals in search of improved economic prospects has the potential to exacerbate existing c...

ECONOMIC INEQUALITY AND JAPA: ANALYZING HOW MIGRATION INFLUENCES WEALTH DISTRIBUTION IN NIGERIA.

Chapter One: Introduction

Background of the Study

The Japa phenomenon, characterized by the large-scale migration of Nigerians seeking better opportunities abroad, has significant implications for economic inequality within Nigeria. Migration can influence wealth distribution by affecting income levels, asset ownership, and economic o...

JAPA AND THE NIGERIAN LABOR MARKET: A STUDY ON WAGE DYNAMICS AND EMPLOYMENT TRENDS

Chapter One: Introduction

Background of the Study

The Japa phenomenon, characterized by the large-scale migration of Nigerians seeking better opportunities abroad, has significant implications for the Nigerian labor market. This migration trend affects wage dynamics, employment trends, and overall labor market stability within the country (Akinola...

ABSTRACT

The funding of healthcare in Nigeria has often been described as inadequate with budgetary allocation hardly exceeding 3 percent of the budget. Healthcare spending in Nigeria is segmented into private and public spending. While public expenditure in Nigeria account for 20-30% of total health expenditures, private expenditures accounts for 70-80% of total health expenditure. Most developing countries have been dependent on aid for development financing neglecting opportuniti...

ABSTRACT

The term unemployment can be defined as an economic condition marked by the fact that individuals actively seeking jobs remain unemployed. Unemployment is expressed as a percentage of the total available work force not working. The rate of unemployment varies with economics conditions and other circumstances. Unemployment is frequently seen in graduates of big institutions of learning most especially in under developed nations such as Nigeria. The study was formed to invest...

ABSTRACT

Nigeria has over three thousand Ornamental Fish species and the potential of being one of the leading exporters. In spite of the flourishing trade of Ornamental Fish worldwide however, her extant share of the trade is below 5% of Africa‟s total contribution. In addition, there is paucity of information on the marketing factors influencing Ornamental Fish trade in Nigeria. The marketing channel and factors influencing Ornamental Fish trade in Nigeria were therefore investiga...

ABSTRACT

The research aims to find the relationship between income inequality and economic growth in the Brazilian economy. Economic growth and income inequality are defined in the light of academic literature and their varied effect on wellbeing are explored. The research methodology selected is deductive. The data have been collected through secondary sources and a multiple regression model is used to study the relationship between the economic performance and income inequality in...

Abstract

The inflow of foreign direct investment (FDI) to developing countries has continued to be on the increase over the years. This study investigates the effects of FDI on economic growth in Nigeria between 1981 and 2016. Structural macroeconometric models consisting of 4 blocks made up of aggregate production, aggregate demand and policy management, monetary and prices and external sector blocks were developed for the purpose of the study. The models have 19 s...

ABSTRACT

During the periods of 1960s through 1980s, poor health outcomes (illness and deaths) resulting from strokes, hypertension, high blood pressure, cancers and heart diseases were very rare among Nigerian. But in recent decades, these has become more prevalent and remains deadly rising, as illnesses and deaths from non-communicable diseases rose from 21% to 29% between 2010 and 2016. However, the percentage of Nigerians with appropriate health-seeking behaviour declined from 54...

ABSTRACT

This thesis examines the effect of population growth on unemployment in Nigeria using Autoregressive Distributed Lag Bounds (ARDL) approach on time series data from 1985-2019. It explores the short-run and long-run relationships between population growth and selected macroeconomic variables of economic growth, dependency rate, fertility rate, and unemployment as well as the direction of causality between them. The study showed that population growth does not significantly i...

ABSTRACT

The design of proposed Modern Bus Terminal at Obalende employs the use of thin-shell concrete structures in order to provide maximum space use. The study adopts a combination of primary and secondary data which were obtained through review of relevant literature and case studies and also interview of stakeholders at the intended site. The obtained data were properly analyzed and infused into the proposed design for a properly functional bus terminal with proper circulation....

ABSTRACT

This paper “exchange rate fluctuation and export performances in Nigeria” aim to determine the effect of foreign exchange dynamism on the country’s export performance from 1961-2011. Research results from the economic tool of regression analysis obtained shows that fluctuations in the naira exchange rate affect manufacturing and agricultural exports more than it affects oil export. To reduce the impact of this fluctuations on these export, monetary authori...

ABSTRACT

Exchange rate is the price of one currency in terms of another currency. Exchange rate stability has to do with government actions in order to stabilize exchange rate so as to increase export in Nigeria especially export of primary products (agricultural produce) over the years, Nigeria has adopted various exchange rate regimes ranging from fixed exchange regime to floating exchange regime. The main purpose of this work is to determine to what extend does the volatility and...

ABSTRACT

This study investigates the core leading factors that reduce savings in Nigeria between 1980 -2010 using ordinary Least Square (OLS) econometric framework, which will enable us proffer solutions for the improvement of savings in the economy, which is also an important component for economic development in any country. Base on data collected, it is discovered that savings output in Nigeria during the period was unsatisfactory but was later discovered as a necessary factor fo...

ABSTRACT

Income inequality stalls economic growth with undesirable socio-economic consequences. Despite measures targeted towards reducing the inequality gap, disparities in income distribution persists. The link between financial reforms and income inequality is still relatively unexplored in the literature. This study appraises the impact of financial reforms including credit growth on income inequality using a sample of twenty selected countries in Sub-Saharan Africa (SSA) from 1...

ABSTRACT

A political economy environment typified by political corruption, poor implementation of economic policy rules and weak policy coordination, can alter the fiscal behaviour of government and how it interacts with the monetary policy of the Central Bank. This study solved and estimated a Small Open Economy New Keynesian Dynamic Stochastic General Equilibrium model with a modified fiscal bloc. This is done in order to examine fiscal and monetary policy interactions under alter...

ABSTRACT

This study examined the relationship between foreign aid and economic development in sub Saharan Africa. The study seeks to examine the role of institutions in aid effectiveness and economic development in Sub Saharan Africa. The study adopted a theoretical framework similar to the Endogenous or New Growth model, as well as; the system generalized method of moments (GMM) technique of estimation was adopted in order to overcome the challenge of endogeneity perceived in the i...