Macroeconomic effect of external shock on the Nigeria economy
External shock can be seen as the vulnerability of an economy to fluctuations of a primary commodity price in the international market and foreign aid flows. This is usually possible for an economy with a high index of openness, and largely dependent on such commodity as sources of foreign exchange earnings and government revenue. One of such economies is Nigeria. Its shocks have emanated from oil price (Adamu, 2015), non-oil primary commodities, aid flows and trading partners at different pe...
Increasing consumer savings on mobile money platform; Application of behavioural economic to market survey
For some time now, marketing companies have begun to explore the benefits of Behavioural Economics in enhancing the impact of their research and application. Behavioural Economics brings to the forefront the benefits of exposing the needs of consumers with precision and allows firms to deplore their strategies accordingly. In the same vein, public policy can now use these techniques to design policies that meet the exact needs of the citizenry. This presentation is the summary of the report o...
The Impact of Fiscal and Monetary Policy on Nigerian Economic Growth
This study investigated the impact of fiscal and monetary policy on Nigerian economic growth from 1981 to 2015, with the interest in exploring which of fiscal or monetary policy has been effective in propelling economic growth in Nigeria and how GDP growth responds to the monetary and fiscal policy shock. The positive impact of these policy tools on economic performance will help the country achieve sustained growth and while reducing economic instability. Time series data were collected from...
Benefit of Extractive Industry Transparency Initiative on the Mineral Dependent Economies
The EITI is a standard for countries with oil, gas and minerals, it requires all companies extracting oil, gas and minerals to publish what they pay in taxes and royalties and the government also publish what it receives, including other key information about the sector (EITI, 2016). These mineral dependent economies generate at least 8 % of GDP and 40 % of export earnings from the mineral (Auty, 1993). The lack of accountability and efficient management of these resources has led to politica...