Abstract Africa had lives peacefully before the advent of European colonial imperialism. We have had peaceful coexistence. Though the issue of language barer was rampant, yet there were hardly ethnic conflicts amongst African people. They fashioned a means to defend their territories and their weaker one such as the women and children. Africa never knew she was basking in the ecstasy of splendour until the incursion of European Colonial Powers. Before the early 1880s, Europeans had colossal...
Globally, youths are not only seen as essential part of an emerging society and are regarded as its strength and greatest asset in the quest for development. They are also an integral and instrumental workforce that must be carried along in the scheme of nation building. In fact, it comes to reason that no country can survive politically, economically and technologically without vibrant youths, given their pride of place as the productive working class. There are 200million people in Af...
ABSTRACT Africa unlike other developing regions of the world has experienced declining flows of foreign direct investment (FDI), despite the apparently high investment returns rates. As FDI flows, it is expected that existing gaps of productive factors are gradually closed and dependence on foreign capital is reduced. These increases in domestic savings, investment, skills and technology bring about economic development. The study examined the declining flow of FDI to the African regions as w...
This work examines the impact of external debt flow on Nigerian economic growth. CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDYA very crucial goal for any reasonable government is to attain a sustainable economicgrowth. To attain this vital goal it may have to finance crucial infrastructure projects and to investin development of productivity. As the result of productive investments, a country shouldexperience growth in its economy and a rise in the level of GDP. However, most developed a...
ABSTRACT The main rationale for this study is to investigate the effect of market timing, capital structure and performance of listed firms in Africa. The thesis employs various econometric models to analyse the unbalanced panel data collected from 16 African countries from 2007-2017. Annual financial reports from Africa listed firms, covering 11- years including the period the study started was obtained from Bureau Van Dijk (ORBIS) database, and the macro data was also obtained from the WDI ...
Poverty has been the hardest challenge facing human life from time immemorial. It has contributed to !ow social-economic states in society and has brought absent difficult circumstance that face learners today. It has negatively affected all people regardless of age, culture, race, religion and other factors. On overview of some facts about poverty in the world of South Africa the black Americans suffered untold miseries ranging from diseases, poverty, denial of education, forced labour and d...
Abstract Dominant scholarships on globalization and conflict management take one of two basic approaches. The providentialists describe it as a process of unifying the world into a one happy and peaceful family of 7 God. The constructionists conceive it as a human effort towards the creation of a borderless world through technological inventions. Both approaches failed to recognize resource inequalities as the driving force of both processes. It is against this backdrop that this study sou...
Abstract The contribution of Micro, Small, and Medium Enterprises (MSMEs) to economic development as well as the role of digital technology in MSME performance are underscored in many studies globally. MSMEs provide over 70% of employment, contribute to national revenue, and are considered key to increasing productivity. In Africa, MSMEs are also recognized for skill development and upward mobility in diverse geographic areas and economic sectors, provide livelihood and income for diverse se...
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade openness. This shows that monetary policy is effective in maintaining economic growth on the...
ABSTRACT The focus of the research is on foreign debt and Economic growth prospects of the Nigeria Economy, using a time scope 1985-2014. The objectives of the study include examining the extent to which external debt affect Gross Domestic Product in Nigeria; to assess the relationship between gross domestic product and government expenditure in Nigeria amongst others. Data of the study is derived from statistical bulletin from debt management office and central bank of Nigeria. The researche...
Abstract Entrepreneurship is the engine of economic growth and wheel that pedal the vehicle of economic development and has been recognized for its importance in the area of job creation, revenue generation, poverty alleviation and wealth creation [1-3] Following this, it is now identified as the central element in the theory of economic development and it makes up the largest business sector in economies [4,5]. It involves a willingness to rejuvenate market offerings, innovate, risks taking...
The dominant literature in Africa had been oral literature, oral literature has been existing since a long time. There was a long delay in the emergence of written literature because of the wide-spread illiteracy in Africa. The blacks have suffered injustice from the white race right from the time of slavery, this we got to know thru history. It was among this group of Africans that crossed the sea and came in closer contact with the West, this contact now brought about the first seeds of...
Abstract There is a symbiotic relationship between language, culture and literature as each reinforces, projects and distills the other. The need for the projection of African culture had informed the development of modern African literature which serves to enlighten, educate and showcase African worldview, practices and problems. Against the Conradian misinformed notion of Africans as a people without culture, this paper discusses aspects of African cultural ...
ABSTRACT The sectorial relevance and direction of energy policy in the Ghanaian economy as energy demand continue to rise with constant growth in services and a steady decrease in manufacturing growth, requires empirical analysis of the relationship between electricity generation and economic growth. This study analyses time series data from 1983 to 2015 to examine long run cointegration between electricity generation and economic growth using Autoregressive Distributed Lag Model (ARDL) bound...
This chapter discusses the background of the study, the statement of the problem, purpose of the study, the objectives of the study and the significance of the study. 1.1 Background of the Study World population has grown exponentially in the 20th century from around 1 .6 billion in 1900— to around 6.1 billion today, with each additional billion people being added more rapidly than the last. The vast majority of this growth has occurred in the developing world. Tracing the historical roots ...