ABSTRACT The study focuses on foreign aid and poverty dynamics in Africa. Specifically, the study addressed two objectives ;(1) the relationship between poverty and aid and (2) the relationship between mortality rate and aid. Following these objectives, the study used fixed effects estimation techniques for the two objectives, the choice of which was determined empirically using Hausman test. Based on this technique, the following results were arrived at:(1) that the coefficient of offi...
Abstract Remittance inflow in Nigeria has surpassed that of FDI since 2007, (World Bank ,2011). The increase in the volume of remittance inflow to Nigeria has generated much interest in terms of knowing what impact it has on the economy. This work therefore has its focus on determining the impact of international remittances in financial sector development in Nigeria. It specifically concentrated on determining the impact of international remittances on financial development and on the c...
Globalised Financial Flows, Capital Market Deepening, and Economic Growth: the Nigerian Experience
Abstract The study has as its objectives, to determine the impact of macroeconomic policies on private capital formation in Nigeria. In addition, the ~tudyso ught to evaluate ipso hcto the pattern of responses of private investment to shocks on macroecononlic Policies. And finally, to determine the causal ordering of the mediating variables connecting private investment :?nd macroeconomic variables. The study applied the co- integrated vector autoregressive framework. The first objective of ...
ABSTRACT This study examines the determinants of wage differential in Nigeria. The contribution of wage differential or inequality to total income inequality in Nigeria cannot be underestimated. This goes without saying that the gross income inequality reckoned in Nigeria could be reduced by tackling the wages disparity. To do this, the study designs three main objectives; to ascertain the impact of education and experience on wage differential in Nigeria, to ascertain the relationship that ...
ABSTRACT Income inequality is one of the major underdevelopment problems facing developing countries including Nigeria. Despite serious attention given to inequality in both theoretical and empirical literature, it is still understudied in the case of Nigeria because most empirical studies overaggregate analysis. This study departs from existing studies in two ways. First, the study disaggregates household consumption expenditure into food and nonfood and thus decomposes inequality into...
ABSTRACT Most economic rationale for granting special incentives for attracting Foreign Direct Investment (FDI) is based on the belief that FDI bridges the ‘idea gaps’ between rich and the poor nations in addition to the generation of technological transfers and spillovers. This study seeks to carry out an empirical investigation of the impact of macroeconomic instability on FDI inflow in Nigeria covering the period 1970 to 2013. The linear regression analysis was applied and it wa...
ABSTRACT This study investigates the macroeconomic determinants of Balance of Payments dynamics in Nigeria between 1970-2011, using econometric method of cointegration and Error correction mechanism. It found that Balance of Payments cointegrated with all the identified explanatory variables, suggesting that Balance of Payments disequilibrium in Nigeria could be caused by naira/dollar nominal exchange rate, interest rate differential, external debt growth and Government spending. Again the d...
Abstract Background of the Study: At the inception of SAP it was clearly stated that " the objective of Government is to evolve a realistic and sustainable market determined exchange rate for the Naira, so as to reduce the demand for foreign exchange to available supply and to reduce the pressure on the balance of payments" (CBN Annual R'eport 1986, Obadan 1993~377) " --- The package of adjustment measures adopted from 1986 placed a heavy burden on monetary policy for containing domestic and ...
Abstract Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have...
Abstract Low output growth in Nigeria have been attributed to a number of factors such as poor technology, demographic factors, social conditions, poor macroeconomic policies, insufftcient infiastructural facilities and high dependence on primary products. What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output growth is low but it fluctuates beyond the expectations of different macroeconomic analysts. There ha...
Abstract Poverty Is Profoundly Endemic In Many Countries Especially In Less Developed Countries. In Nigeria, Poverty Is A Reality That Depicts The Lack Of Food, Clothes, Education, And Other Basic Amenities. Severely Poor People Lack The Most Basic Necessities Of Life To A Degree That It Can Be Wondered How They Manage To Survive. There Are Several Effects And Deficiencies Associated With Poverty In Nigeria. One Of The Main Effects Of Poverty Is Poor Medical Services, As Is Reflected In...
ABSTRACT This study stems the depletion of Nigeria’s Reserves in recent times and the possible implications of this fluctuation of the Foreign Exchange Reserves on the macroeconomic stability of Nigeria in tandem with factors like holding of Reserves in excess and the desirability or otherwise of holding Reserves as embedded in the nation’s Reserve Management Strategy. The study used quarterly data ranging from the first quarter of 1981 to the first quarter of 2015. A Reserve demand...
ABSTRACT It is an undeniable fact that trade has been facilitating growth and development of countries across the world. This underscores the recent upsurge in establishing multilateral trade relationship between Nigeria and other countries especially, the G8 member countries. While these realities are still contestable in terms of the potential benefits of the trade linkage that Nigeria stands to gain, the trajectory of the influx of export to Nigeria from the latter countries calls fo...
ABSTRACT The study was conducted to analyse the commercial egg value chain in Ilala Municipal Council. Specific objectives were (a) To identify the marketing and distribution channels for commercial eggs and relationship among marketing agents (b) To determine the profit margin accrued by different actors in the commercial egg value chain (c) To identify factors that influence profitability for producers in the chain; and (d) To determine the marketing efficiency for commercial egg value cha...