ABSTRACT Most countries strive to attract foreign direct investment (FDI) because of its acknowledged advantages as a tool of economic development. Africa – and Nigeria in particular – joined the rest of the world in seeking FDI as evidenced by the formation of the New Partnership for Africa’s Development (NEPAD), which has the attraction of foreign investment to Africa as a major component. This study investigated the empirical relationship between FDI and and Nigeria’s economic impr...
The continent of Africa has recorded impressive economic growth for over two decades. Factors identified as contributing to this growth include commercial oil deposits, inflation control, government liberalization and privatization policies, foreign direct investment, private sector investment in industries such as construction and service sectors, and a strong agricultural production. The continent is likely to continue enjoying strong economic growth if these resources are well managed. Afr...
CHAPTER ONE1.0 INTRODUCTIONThe rigorous and strains of borrowing, especially in Nigeria and Africa in general are not doubt enormous. The fault is not that of the lenders (banks) alone as critics claim that the borrowing public are partly responsible for the frustrations. A large portion of the borrowing public are substantially under-educated (about borrowing with this regard, they approval heir prospective lenders unprepared and largely ignorant of the why’s and what’s of th...
INTRODUCTIONInflation has become a significant problem for Africa and Nigeria in particular during the past twenty years. Since the first oil shock in the mid-1970s, African inflation rates have averaged more than 15 percent a year. For Sub-Saharan Africa, the average inflation rate has been closer to 20 percent a year. A few Sub-Saharan countries have even experienced inflation rates of 50 or even 100 percent a year (Batini, 2004).The emergence of substantial inflation in Africa has led to w...
ABSTRACT Inflation Targeting as a monetary policy has been adopted widely by many countries both developed and developing. The Bank of Ghana, adopted Inflation Targeting in 2002 but made an official announcement of its use in 2007, making Ghana the second country to adopt Inflation Targeting in Africa after South Africa. This study sought to determine the effects of Inflation Targeting on the Inflation Rate, Economic Growth, the Exchange Rate and the growth in Money Supply of Ghana. The study...
ABSTRACT Income inequality stalls economic growth with undesirable socio-economic consequences. Despite measures targeted towards reducing the inequality gap, disparities in income distribution persists. The link between financial reforms and income inequality is still relatively unexplored in the literature. This study appraises the impact of financial reforms including credit growth on income inequality using a sample of twenty selected countries in Sub-Saharan Africa (SSA) from 1980 to 201...
ABSTRACT The West and Southern regions of Africa are two parts that have attempted to integrate member countries within their respective regions. Regional integration in these regions of Africa have been facilitated by two hegemons who, like other hegemons, have been driven in their foreign policy pursuits by the determinants of foreign policy. Nigeria and South Africa had been two regional hegemons in the two regions respectively who have motivated integration in various ways. The work exami...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
ABSTRACTS Sub-Saharan Africa depends on agriculture for economic growth and the well being of its people. The sub-region, and indeed the whole of Africa, has been losing a running battle to make agricultural production meet the ever-increasing population. To make food production cope with the population growth and to achieve economic development, many extension models have been tried. Currently the pre-dominant extension system in Africa is the Training and Visit extension system. In Ghana th...
ABSTRACT Wildlife is an important socio-cultural and economic resource in West and Central Africa. The declining wildlife population in the recent time is as a result of a combination of factors, namely, increased access and demand for wildlife resources by rural and urban dwellers, population growth, improved hunting technology and lack of protein alternatives in many households.. This paper investigates the contribution of bush meat extraction to household’s livelihood (income, health, n...
At independence, African leaders demonised capitalism and colonialism, declaring both as evil and exploitative. They thus advocated for an alternative strategy in mobilizing African resources to attain a rapid rate of economic growth and development for the benefit of its people. Socialism was therefore, adopted as the only approach upon which Africa's development is anchored. The socialist ideology garbed in African tradition was widely adopted. Its proponents described it as an Africa...
INTRODUCTION In the immediate past decade and this present decade, there have been seminars, conferences, articles, Journals and various publications by both local, national and International Organizations on the sharp decline in Agricultural production on these various programmes, some of these workshops, conferences and seminars include the followings: -The 13th Annual workshop of the South – West Research Extension Farmers impute Linkage system (REFILS) helped at the Institute of Agricul...
Ecotourism is a leading industry in the world today. Ecotourism offers economically viable ways of protecting ecosystems while also providing jobs and supporting community development. This tri-bottom line, of profit, people and the planet , meets the needs of the state government, local communities and critical forest ecosystems. This case study explores the potential of ecotourism for local economic development and ecological conservation in Cross River State (CRS), Nigeria. Cross River St...
ABSTRACT The economic performance of democratic states in Africa is a rising concern against the assumptions of the modernization theory that, developing nations must adopt the values of the western societies (democracy) in order to develop. The third wave of democratization in Africa rather led to harsh economic conditions, especially from the international financial institutions as a means of receiving aid. These conditions deteriorated the economic development of most African states and ca...