AbstractThis research study appraised the impact of the Banking Sector Reforms on the Real Sector of the Nigerian Economy for the period 1986 to 2009. Data on real sector output, credit to the real sectors, lending rate and interest rate on savings were obtained from the CBN Statistical Bulletin (2009 edition). The data were analysed using Ordinary Least Square (OLS) technique. The result of the analysis revealed that financial sector reforms were effective in addressing the twin problems of ...
ABSTRACTThis research work examined the impact of commercial Bank credit on Agricultural output in Nigeria using Macroeconomic variables (commercial bank credit and agricultural output). The broad objective of the study is to investigate the extent to which commercial bank credit had supported agricultural output Nigeria. The specific objectives are: (i) to determine the impact of commercial banks credit on agricultural output in Nigeria, and (i) to determine the impact of agricultural output...
ABSTRACT The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively. The study employed Log Linear Model. Follo...
ABSTRACT Banking is in the midst of change that has arisen due to economic depression. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market discipline. In response to the developments, Deposit Money Banks in Nigeria engaged in financial sanitizing, management strengthening, corporate refocusing, Business Process Reengineering (BPR), mergers and...
ABSTRACT The study is on taxation as a major source of government funding in Nigeria. The choice of this research work is necessitated by the pivotal role taxation plays in generating revenue to government for the provision of social amenities and wealth creation among her citizenry. The study used primary and secondary data. Primary data was collected through interviews and administration of questionnaires among tax officials in Cross Rivers State and Lagos State. A sample size o...
ABSTRACT The main objective of the study is on the macroeconomic effect of inflation on the growth of Nigerian economy. The study however investigates the economic growth vis-à-vis inflation, Broad Money Supply and Interest Rate. Ordinary Least Square [OLS] is used to estimate the three major macroeconomic variables with a view to justifying their effects on economic growth. The results of the findings further suggest that there is significant relationship between inflation and economic ...
ABSTRACT The main objective of the study is on the assessment of the impact of industrialization on economic growth of Nigeria. The study however investigates the economic growth vis-à-vis industrial output, investment and inflation. Ordinary Least Square (OLS) is used to estimate the three major macroeconomic variables with a view to justifying their effects on electricity generation in Nigeria. The result of the findings further indicates that there is significant relationship between�...
ABSTRACT The main objective of the study is on the impact of globalization on industrialization and the development of Nigerian economy. The study however investigates the economic growth vis-a-vis foreign direct investment, degree of openness and stock market capitalization. Ordinary Least Square (OLS) is used to estimate the three major macroeconomic variables with a view to justifying their effects on economic growth. The results of the findings further suggest that there is significant...
ABSTRACT The study investigates the impact of Foreign Direct Investment on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis foreign direct investment, capital flow and exchange rate. Ordinary Least Square [OLS] is used to estimate three major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that foreign direct investment has a significant impact on the lev...
ABSTRACT The study investigates public debt, unemployment and economic growth in Nigeria The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, internal debt, unemployment and fiscal deficit. Ordinary Least Square (OLS) is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of economic growth in...
ABSTRACT The study investigates the effect of external debt on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, external reserve, debt service and government expenditure. Ordinary Least Square [OLS] is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of econ...
ABSTRACT This research work is on the empirical analysis of the determinants of exchange rate in Nigeria. (1983-2007). The main objectives of carrying out this research is to find out the profile that exists between inflation, consumer price index and exchange rate determinant in Nigeria. To do this successfully, two hypothesis was formulated thus: Ho: inflation has no significant impact on exchange rate in Nigeria. Ho: consumer price index has no significant impact on exchange rate dete...
ABSTRACTThis work was done to analyze the impact of public spending on poverty eradication in Nigeria from (1980-2011). In this research work, multiple regression analysis was used and five variables were used in the empirical analysis. They are government expenditure on agriculture and water resources (AGWR), health (HTH) education (EDU) transportation and communication (TRCM) and Housing and environment. The data used in this research was collected from secondary data obtained from National...
ABSTRACTThe industrial sector remains a strong sector of any economy, be it developed or developing. The developed countries are noted for their high industrial performance. The effect of the industrial activities on the economy of underdeveloped or developing nation si still under contention. It’s a fact that the economy will not grow without its industrial activities. These activities include: agriculture, manufacturing, mining and mineral processing and export opportunities for manufactu...
ABSTRACTThis research work was embarked upon with a view to determine the impact of the capital market on the economic growth of Nigeria. The capital market was set up to achieve specific objectives which would boost the economy such as encourage domestic savings and increasing the quantity and quality of investments. The capital market offers access to a variety of financial instruments which are very essential for government and other institutions in need of long term funds. The data was ob...