This paper examines the role of structural change in the asymmetric adjustment of retail energy prices following changes in crude oil costs. The paper also examines the pattern of adjustment in retail energy prices when exchange rate is accounted for as part of the marginal cost of importing crude oil in European countries with high oil import dependency ratio. The paper shows that the results of Greenwood-Nimmo and Shin (2013) no longer hold when the structural change in the relationship bet...
This Article dwells on the Impact of Interest Rate on the Growth of Financial Institutions in Nigeria. Interest rate which is the opportunity cost for capital has been theorized by many authorities in the sphere of Economics. The research work carried out by the researcher used the OLS econometric method to analyze data obtained from CBN statistical bulletin. The result of the findings showed that interest rate has an inverse relationship with the growth of financial institutions in Nigeria...
This work speaks on the importance of the youth system and the benefits the government Of Nigeria provides and how to harness those privileges.
Abstract It is widely agreed that violent conflict precipitates unfavourable socioeconomic implications on the society. Boko Haram insurgency has inflicted devastating consequences on the Nigerian polity, from the loss of lives and property to psychological pain of living in constant threat of violence. This study examines the impact of the Boko Haram insurgency on education, healthcare and economic activities in Nigeria, particularly the northeast Nigeria. The study adopted the content analy...
Abstract Domestic economic policies in Nigeria have been attributed to the recent skyrockets in food prices in the country. This paper examines the effects of food price changes on household’s consumption in Ungogo Local Government Area, Kano State. The study uses primary data sourced from administering questionnaires to one hundred households in the study area using simple random sampling technique. The data was analyzed by using both descriptive and inferential statistics. Findings of ...
Abstract Using animal power in agricultural production plays a vital role in reducing drudgery in farm operations and increasing productivity of small scale farmers in developing countries. This study was carried out to empirically investigate the relationship between Animal Traction Training intervention and farmers’ income in Kano State. Primary data were sourced via administering a structured questionnaire on two hundred farmers who benefited from the Training. Analysis of the data was...
Abstract Poverty reduction is one of the most important issues in the global development agenda because of its high prevalence and vicious effects in less developed countries. Nigeria represents the largest economy in Africa and one of the biggest producers of crude oil in the world, yet the country is counted amongst the poorest countries in the world. This paper reviews the poverty reduction strategies and programs in Nigeria using the historical research design. The paper concludes ...
AbstractIt is generally agreed that poverty, unemployment and economic in equality are the major socioeconomic problems of emerging countries; however, zakat is regarded as an instrument for poverty reduction in most of Muslim societies. The aim of this research is to analyze the role of zakat institution in poverty reduction in the emerging countries with particular reference to the Kano State Zakat and Hubsi Commission. In the process of doing that both primary and secondary data are utiliz...
Abstract Despite the rising volume of remittances flowing to developing countries, their distributional effect on the recipient countries has been largely unexplored. We examine this topic using data from World Bank. Despitethe positive effects of emigrants remittances in terms of developing microfinance Institutions and welfare improvement of the recipient households, its negative effects ranges from appreciation of the national currency,hampering competitiveness, monetary management ...
Abstract Change is inevitable in a progressive society – Benjamin Disraeli. The world continues to undergo certain changes in order to meet up with man’s requirements. Revolutionary changes are been witnessed across various aspects of human endeavours. These changes have transformed the world into a better place and made living more comfortable. Some nations of the world champion the course of these transformational changes termed ‘Industrial Revolution’ earlier than others resulting...
The world of Exchange can be a cold, chaotic and confusing place, no matter what your situation is, all of these concepts are important to understand because they help to clarify the inner workings of the mysterious business of exchange rate in any country. Exchange rate is one of the most important determinants of a country's relative level of economic health. Exchange rates play a vital role in a country's level of trade, which is critical to most every economy in the world. For this ...
Inflation instantly brings to mind images of rising prices, shrinking paychecks and unhappy consumers, but is inflation all bad? Inflation is defined as a "sustained increase in the general level of prices for goods and services." Many consumers fear inflation because it reduces the purchasing power of their money”.The influence that inflation has on consumers in Nigeria and other developing nations in Africa can be seen in increase in food prize, fuel price etc. Food price inflation...
An innovation system is a network of organizations within an economic system involved in the creation, diffusion and use of scientific and technological knowledge as well as the organizations responsible for the coordination and support of these processes. The concept of innovation refers to the development, adaptation, imitation and adoption of knowledge and technologies that are new to a given context. Innovation systems can found at many levels of the economy such as global, regional, nati...