JOURNAL OF ECONOMICS AND ALLIED RESEARCH
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IMPACT OF ARTIFICIAL INTELLIGENCE (AI) ON THE GROWTH OF STARTUPS IN NIGERIA
Full text linkThe rapid adoption of Artificial Intelligence (AI) has significantly influenced the global business landscape, and its impact on startups is particularly pronounced. This study examines the role of AI in driving the economic growth of startup companies in Nigeria, a country with a burgeoning entepreneurial ecosystem but limited technological infrastructure. Grounded in Schumpeter’s Theory of Innovation, this paper explores how AI technologies enhance productivity, operational efficiency, and market competitiveness for Nigerian startups. A mixed-method approach was employed, combining quantitative surveys and qualitative case studies. Data were collected from 50 startups across various sectors, including fintech, healthtech, and agritech, that have integrated AI into their operations. The quantitative data was sourced through interviews. While existing literature was utilized as secondary data. The findings reveal that startups that implement AI technologies experience faster growth with a 25% higher growth rate in revenue, enhanced operational efficiency, and improved customer engagement compared to non-AI adopting startups. AI adoption, however, remains concentrated in a few industries due to infrastructural and financial constraints, with fintech leading in AI integration. Despite these challenges, the potential for AI to spur economic growth in Nigeria’s startup sector is evident. The study recommends that the Nigerian government, investors, and stakeholders develop a supportive ecosystem for AI innovation by improving digital infrastructure, offering tax incentives, and fostering public-private partnerships to boost AI training and capacity building. Furthermore, startups should leverage AI to scale operations and remain competitive in the fast-evolving global market
EFFECT OF DISPLACEMENT ON HEALTH STATUS OF HOUSEHOLDS IN ZAMFARA STATE, NIGERIA
Full text linkThe study investigated the effect of displacement on health status of households in Zamfara State, Nigeria. The study employed a cross sectional survey research design using primary data collected from the field with the aid of structured questionnaire. The population of selected LGAs from the senatorial zones covered in the study recorded higher incidences of displacement in Zamfara state of about 2,393,300 (two million, three hundred and ninety three thousand and three hundred). With a sample size of four hundred (400). The logistic regression model was employed with the aid of E-view software for estimation of data. The study revealed that both environmental displacement, migration displacement, Economic displacement, development displacement negatively affect household health status in Zamfara State Nigeria during the period of the study. The study recommends that government should improve on early warning systems, invest in resilient infrastructure, provide adequate support and ensure access to healthcare services for displaced populations
FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA
Full text linkRegardless of the nature of government and disparities in time several administration that has governed Nigeria since independence has introduced different fiscal policies geared towards enhancing the country its economic growth. Nevertheless, the country is still confronted with varieties of economic trajectories such as multi-dimensional poverty, persistence inflation, stunt growth of gross domestic and national product, high rate of unemployment, among others. Between 1986 and 2023, the research evaluated the effects of fiscal and monetary policies on growth in Nigeria's economic. In order to ascertain whether a long-term link existed among the factors, the ARDL Bounds co-integration test was used because the variables showed a mixed order of integration. For monetary and fiscal policy, the Auto Regressive Distributed Lag (ARDL) method was employed to estimate the models. The findings revealed a brief correlation between Nigeria's economic growth and variables related to monetary and fiscal policy. Economic growth was negatively correlated with interest rates and government revenue, but positively correlated with the broad money supply and government spending. No statistically significant difference in interest rates, government revenue, or government expenditure. Nonetheless, at the five percent significance level, the broad money supply was noteworthy. According to the report, the federal government and the Central Bank of Nigeria (CBN) ought to work together more closely and coordinate their policy goals. In order to coordinate monetary and fiscal policy, the government should also think about forming a committee with members from the Ministry of Finance and the CB
EFFECT OF FISCAL POLICY MEASURES, AND INSTITUTIONAL QUALITY ON PRICE STABILITY IN NIGERIA
Full text linkThis paper appraises the dynamic interplay of fiscal policy measures, institutional quality, and price stability in Nigeria, 1990–2022. Data was sourced from the World Bank's World Development Indicators and the Statistical Bulletin of Central Bank of Nigeria. To measure fiscal policy and institutional quality, we utilised total public spending, total public revenue, rule of law, government effectiveness, as proxies, and to measure price stability, we utilised the consumer price index. After doing unit root tests on each series utilising the Augmented Dickey Fuller method, we found that the diagnoses revealed a mixture of I(0) and I(1) integration orders; hence, we had to use the Auto-Regressive Distributive lag limits test and its short-run variants. Fiscal policy, institutional quality, and price stability are not related in the long term, in congruent with the model's bound test upshots. Another takeaway from the shortrun regression is that total government revenue had a positive and statistically substantially effect on the consumer price index from the prior year, but total government spending has a negative and statistically substantially effect from the previous year. However, government effectiveness had a positive influence on price stability. Finally, the correlation between the rule of law and price stability is negative but insubstantially in the most current year. Hence, it was concluded that fiscal policy and institutional quality had substantially impact on consumer price index. It is recommended amongst other that the central banks of Nigeria (CBN), as a complimentary policy should consider tight monetary policy
CARBON EMISSIONS AND INTERNATIONAL TRADE IN SUB-SAHARAN AFRICA: A DYNAMIC PANEL THRESHOLD ANALYSIS
Full text linkClimate change has been linked to cross-boarder trade where carbon emissions constituted a major source of environmental degradation. This study focused on carbon emssions and international trade in sub-Saharan Africa. A dynamic panel threshold model of carbon emissions (CO2 ) and international trade was estimated. The result indicate the existence of threshold in CO2 emissions for total trade, export and import in sub-Saharan Africa. The average estimated threshold in million metric tons of CO2 emissions is 2455.29. Our result suggest that this is the emissions benchmark above which CO2 emissions will negatively be correlated with international trade in our sample. Our finding equally support that sub-Saharan Africa’s trade are CO2 emission-laden notwithstanding the prevailing regime. The CO2 emission threshold of import is less than that of total trade and export. This suggests that subSaharan African countries export more CO2 emissions than they import. Thus, there is no evidence in support of Pollution Haven Hypothesis in sub-Saharan Africa based on our findings. We recommend that as sub-Saharan Africa strive to achieve export-led growth through expansion of its export, there is need to concentrate on green trade in order to be competitive in the international market and avoid being caught up with environmental restrictions on trade. Subsaharan African countries should learn from the experiences of industrialized world and intensify utilization of clean energy for growth and expansion. We equally recommend a balance in the global implementation of climate policies in order not to harm African economies’ quest for industrialization
FINANCIAL INCLUSION, CORRUPTION, POLITICAL INSTABILITY AND ECONOMIC GROWTH IN NIGERIA
Full text linkFinancial inclusion, in terms of adoption or usage, is one of the main but challenging priorities in Nigeria. This research work investigates the impact of financial inclusion, corruption and political instability on the economic growth of Nigeria employing the ARDL method of analysis to examine the impact of financial inclusion on economic growth. The findings revealed that financial inclusion and literacy level enhance economic growth in Nigeria whereas political instability dampens growth outcomes. Corruption was found to impede financial inclusion efforts both in the long run and short run, though it is insignificant in the long run but significant in the short run. The study therefore recommends amongst others the promotion of Financial Inclusion through technological innovations Policies, Stabilizing the political environment by ensuring smooth transition of power, combating corruption by strengthening anti-corruption bodies and improving literacy with Financial Education through targeted financial education
THE SOCIOECONOMIC AND POLITICAL DYNAMICS OF ETHNIC IDENTITY AND ELECTORAL VIOLENCE DURING THE 2023 GENERAL ELECTIONS IN LAGOS STATE, NIGERIA
Full text linkThis study examines the socioeconomic and political dynamics of ethnic identity and electoral violence in Lagos State during the 2023 general elections. The elections exposed deep-seated ethnic tensions, voter suppression, and violence, driven by cultural heritage, socioeconomic disparities, and political representation. Grounded in Social Identity Theory, the study employed a mixed-methods approach, collecting survey data from 400 respondents across six Local Government Areas. Descriptive statistics, correlation, and regression analyses revealed that group solidarity (β = 0.265, p < 0.001) was the strongest predictor of electoral violence, particularly in Alimosho (19.8%) and Ojo - Alaba (25%). Ethnic identity significantly influenced voting patterns, reinforcing political polarization and disputes over representation. While community engagement and security interventions were implemented, structural inequalities and ethnic-based mobilization remained key challenges. The study recommends inclusive governance, strengthened inter-ethnic dialogue, and electoral reforms to mitigate ethnic-driven electoral violence in Lagos State
ENHANCING RURAL ECONOMIC PERFORMANCE THROUGH RURAL ELECTRIFICATION: A CASE STUDY OF ELECTRICITY COOPERATIVES IN LAGOS STATE
Full text linkElectrification plays a crucial role in modern life and is central to sustainable development, particularly in rural areas of developing countries. Despite international and national commitments to achieving universal electricity access, progress has been slow, especially in sub-Saharan Africa, where few of rural populations have access to electricity. This study focuses on rural electrification in Lagos State, Nigeria, assessing the role of electric cooperatives in accelerating economic performance. Through a cross-sectional quantitative survey of rural households in two towns in Lagos State, the study investigates how rural electrification influences job and business creation, while addressing challenges such as infrastructure limitations and financial constraints. The findings indicate that while access to electricity has a marginal effect on job creation, government support emerges as a significant factor, positively impacting job opportunities. The study concludes that targeted government interventions, alongside addressing infrastructure bottlenecks, are critical for fostering sustainable job creation and economic development in rural electrification effort
DOES HEALTHCARE FACILITY DISTANCE HAVE INFLUENCE ON HUMAN CAPITAL DEVELOPMENT? EVIDENCE FROM NORTHWEST NIGERIA
Full text linkOver the years, the issue of healthcare facility distance has been hampering the growth of Nigeria's human capital, particularly in the country's north. This study looked at how human capital development in North West Nigeria was affected by maternal mortality as measured by the distance to healthcare facilities. Using cross-sectional data from a field survey that involved distributing a questionnaire to a sample of 1383 respondents in three states in North West Nigeria, the study used the binary logistic model with a focus on women of reproductive age. The logistic model's findings showed that while transportation has a positive and considerable impact on human capital development, healthcare facilities that are far from homes and the distance that prevents access to them have a positive but negligible impact. The study recommended the need for provision of feeder roads and means of transport to healthcare facilities in order to enable health seekers get to the healthcare centres promptly. Also, there is need to educate and financially empower women so that they can go to the healthcare center when the need arise
CORRELATION ANALYSIS OF 10-YEAR GOVERNMENT BOND YIELDS IN NIGERIA AND SELECTED AFRICAN COUNTRIES
Full text linkThis study examines the relationship between yields of 10-year government bond in Nigeria with selected countries in Africa. The research employed the use of Pearson correlation method to examine relationship between bond yield in Nigeria and Kenya, Morocco, Namibia, and Uganda, by analysing data set on bond yield from January, 2017 to December, 2021. The study discovered that there is a positive correlation between government bond yield in Nigeria and other African countries. This therefore, limits bond spread between Nigeria and the chosen countries under study. The study also found that there is no sign of spread in government bond yields between Kenyan and Ugandan. However, Moroccan and Namibian bond yields relate negatively with each other, hence there is a danger of bond spread. The study recommends that in addition to adequate funding, low inflation rate, balanced exchange rate and stable interest rate should be ensured by the government so as to bring about increased aggregate bond market that will be attractive to investor