ABSTRACT Nigeria’s fiscal deficits have persistently exceeded the conventional benchmark of 5.0% as a proportion of Gross Domestic Product (GDP) when it averaged 9.8% per annum between 1970 and 2008. Over the same period, the mean annual growth rates of real GDP, investment and money growth stood at 2.3%, 1.8% and 2.6%, respectively. While, there is a growing body of empirical literature on the effect of fiscal deficit on the current account balance, there is very little attempt by research...
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 The contribution of taxation to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macroeconomic objectives in areas of fiscal and monetary policies. Past documentations have revealed that revenue from taxes in developed nations have high impact on its economic growth and development which is clearly seen by the amenities provided and improvements ...
ABSTRACT The contribution of taxation to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. Over the years, it has been observed that a substantial part of revenue generated in Nigeria is from taxes, yet the role of taxation in promoting economic activities and growth is not felt, mainly...
ABSTRACT The study aimed at investigating the relationship between the external debt stock and economic growth in Somalia (1991 to 2016). For the fact Somalia has an estimated 5.5 billion dollars outstanding, due to many reasons, but the socio-economic indicators of the country show that it has contributed a little or almost nothing to the overall GDP, and continues to dwindle. This report was guided by two major specific objectives and they were; to find out the long run relationship between...
ABSTRACT External borrowing is a source through which many countries source revenue for development and economic growth of their countries. But this revenue can only help solve the problems of gross under – development when judiciously utilized. The burden of Nigeria’s external debt is more than the country can bear and the state of economic growth in the country is hampered due to debt crisis. The debt problem facing Nigeria is concerned on how to stop incurring more debts and device ...
The research was carried out in Luwero town council Luwero district and was focusing on population growth and economic growth in Uganda. The study was based on the objectives like; to determine the level of population growth in Uganda, to determine the level of economic growth in Uganda, to establish the effect of population growth on economic growth in Uganda. It involved a sample population of 50 respondents across different backgrounds that were cultural, religion, economic welfare, educat...
TABLE OF CONTENTSDECLARATION ................................................................................................................ 1APPROVAL........................ . ............................................................................................ iiDEDICATION ................................................................................................................... iiiAKNOWLEDGEMENTS .................................................................................
A cashless economy is an environment in which money is spent without being physically carrying cash from one place to another. The need to run a more efficient and productive economy by reducing the amount of cash in circulation brought about the cash-less policy. The aim of this study is to investigate the impact of Central Bank of Nigeria’s cashless policy on economic growth and development of Nigeria. The research was carried out by investigating to find out whether or not cash-less poli...
Introduction The purpose of this brief discussion is to highlight issues of demographic changes associated with an ageing population in Africa and what, I believe, must happen to avoid the next social crisis among African nations, especially here in Ghana. However, this is not a discussion of doom, gloom and crisis, because the demographic changes that I will discuss are products of development. These are problems to overcome, for certain, but also opportunities that we hope become part of th...
In presenting Hinduism in Africa, the essay limits itself to three important regions—East Africa (Kenya, Uganda, and Tanzania), Southern Africa (South Africa) and West Africa (Ghana). The reason for this limitation is that although there are Hindus throughout Africa presently as India begins to expand its trade with Africa, the three regions mentioned have come to represent the vibrant emergence of Hinduism on the African continent unparalleled with countries elsewhere in Africa. Contact be...
This study aims at investigating the impact of money market instruments on economic growth in Nigeria. This study adopted a time series analysis of money market instruments on economic growthusing ordinary least squares (OLS) regression. The Money market instruments used in the study are Treasury Bills (TB), Bankers Acceptance (BA), Treasury Certificate (TC), Certificate of deposits (CD) and Commercial Papers (CP). Economic growth was measure using gross domestic product (GDP). The study cont...
INTRODUCTION Various classifications have been made on Foreign Direct Investment (FDI). For instance, FDI has been described as investment made so as to acquire a lasting management interest (for example, 10 percent of voting stock) and at least 10 percent of equity shares in an enterprise operating in another country other than that of the investor’s country (Mwillima, 2003). Policy makers believe that FDI produces positive effects on host economies. Some of these benefits are in the ...
ABSTRACT The excessive breeding of mixed sex Nile tilapia (Oreochromis niloticus) in ponds often lead to stunted growth. This study hypothesized that cage culture was a potential alternative in solving the problem. Furthermore, it was hypothesized that its growth performance does not significantly vary when polycultured in cages with the African catfish (Clarias gariepinus Burchell 1822) and African carp (Labeo victorianus Boulenger 1901). An experiment was set up in a completely randomized ...
ABSTRACT Small island states generally refer to states with a geographic area of less than 1,000 square kilometers and a total population of less than one million. These characteristics can be seen to directly affect the role of foreign direct investment (FDI) within the states. Firstly, small island states may have a nan·ow economic base because of the limited range of resources. As such, it is common for small island states to develop abundant resources making the economy revolve around on...