JOURNAL OF ECONOMICS AND ALLIED RESEARCH
Not a member yet
565 research outputs found
Sort by
WHEN OIL BECOMES POISON: THE HIDDEN HEALTH CRISIS IN NIGERIA’S OIL-PRODUCING REGIONS
Get PDFReports show that individuals in oil-producing regions in Nigeria consistently face significant risks of sickness, compounded by challenges in accessing sufficient food and medical care. This study implemented a quantitative research method using descriptive statistics to analyze trends and patterns to evaluate health hazards associated with oil spills. Pearson correlation was utilized to determine the strength of the relationship between the variables. Non probability (purposive) sampling was utilized to choose the study locations, specifically three oil-producing areas in Nigeria: Bayelsa, Rivers, and Delta states. Simple random sampling was utilized to obtain data from participants through closed-ended questionnaires, employing convenience sampling to allow participants to respond at their own pace and voluntarily. We evaluated all survey data using SPSS software. Upon data analysis, the results from the descriptive analysis combined with Pearson correlation show that oil spills create major health problems through respiratory illnesses and water contamination and create shortages of food. The result also showed that during these disasters, medical response measures were limited. It implies that rising events of oil spills lead to more severe environmental disasters of water contamination, which proves to be a significant factor that increases the occurrence of cholera and typhoid while destroying agricultural lands, resulting in food scarcity. Therefore, the study recommended that the Nigerian government enact strict environmental laws with strong accountability systems for corporations in the oil business and individuals within these region
RADICAL INNOVATIONS, BUSINESS COMPETITIVENESS AND DEPOSIT MONEY BANKS IN NIGERIA
Get PDFRadical innovation fundamentally transforms markets, redefines industries, and alters our daily lives and work. The evolution of banking through innovation enhances payment processing, facilitating a transition from conventional banking practices to digital transformation. This study aims to explore the effects of radical innovations on the competitiveness of Nigerian deposit money banks from Q1 2009 to Q4 2023. The ARDL (autoregressive distributed lag) model was employed to assess long-term relationships. Unit root tests were performed on variables including return on assets, automated teller machines, internet banking, and mobile banking, revealing order one I(1) for the first three and order zero I(0) for point of sale. Co-integration-bound tests confirmed long-term relationships among the variables. The findings indicated that ATMs and mobile banking positively and significantly influence return on assets, while point of sale negatively impacts ROA. The study established a long-term relationship between the variables, with no serial correlation detected, indicating stability. It was concluded that radical innovations such as ATMs, PoS, internet banking, and mobile banking maintain a long-term relationship with Nigerian deposit money banks. Consequently, Nigerian deposit money banks are encouraged to invest in technology and innovative banking solutions to enhance ATM services, point-of-sale systems, internet banking, and mobile banking, thereby reducing customer congestion in banking halls
GREEN HUMAN RESOURCE MANAGEMENT PRACTICES AND SUSTAINABILITY OF MANUFACTURING FIRMS
Get PDFAs organizations confront increasing environmental pressures, the integration of sustainability into human resource management has emerged as a critical strategic priority. This study investigates the impact of green human resource management (GHRM) practices, specifically green recruitment and selection, green training and development, and green job analysis on the sustainability of manufacturing firms. Guided by the resource-based view theory, the research adopts a survey design and gathers data from 188 employees of Bao Yan Huan Jian Iron & Steel Group in Calabar, Nigeria. Simple linear regression was employed to test the hypothesized relationships. Findings reveal that all three GHRM practices significantly contribute to the sustainability of manufacturing firms. Green recruitment and selection facilitate the hiring of environmentally conscious talent, green training enhances employees’ capabilities to support sustainability goals, and green job analysis aligns job roles with environmental responsibilities. The study concludes that embedding environmental values into HRM systems strengthens organizational resilience and ecological performance. It recommends that firms institutionalize these practices as part of their core sustainability strategies
HEALTH, EDUCATION AND OUTPUT GROWTH IN WEST AFRICA
Get PDFEconomic growth in West Africa has been hindered by insufficient investment in human capital, as highlighted by prior studies. Although previous research has examined the link between human capital and economic outcomes, the influence of gender has often been overlooked. This study investigated the gender-differentiated effects of education and health investments on output growth across 11 West African countries, utilizing panel data from the World Development Indicators. It applied the Panel Fully Modified Ordinary Least Squares (FMOLS) method and validated the results using Common Correlated Effects Mean Group (CCEMG) estimators and Driscoll-Kraay standard errors to ensure robustness. The analysis revealed that enrollment at the primary and tertiary education levels significantly and positively contributes to output growth, while secondary education enrollment, though positive, does not show a statistically significant effect. Additionally, increased life expectancy at birth was found to have a strong and significant positive impact on economic growth. Importantly, the study revealed that investments targeting the education and health of girls yield higher returns in terms of output growth compared to those targeting boys. In light of these findings, the study recommends that West African governments should prioritize expanding access to quality education across all levels through scholarships and financial support, enhance healthcare systems, and implement targeted programs that promote female empowerment
EFFECT OF SUSTAINABILITY REPORTING ON SHARE PRICES OF LISTED FINANCIAL FIRMS IN NIGERIA
Get PDFThis study examines the effect of sustainability reporting specifically environmental, social, and governance (ESG) disclosures on the share prices of listed financial firms in Nigeria. The study focuses on firms listed on the Nigerian Exchange Group (NGX) over the period from 2014 to 2023. Adopting a longitudinal research design, data were collected from 47 financial firms that consistently disclosed sustainability reports for at least three consecutive years within the study period. Panel regression analysis was employed as the technique of data analysis. The findings reveal that both environmental and governance disclosures have a significant and positive effect on the share prices of listed financial firms. However, social disclosures were found to have an insignificant impact on share prices. Additionally, firm size exhibited a strong positive influence on share prices, suggesting that larger firms enjoy greater investor confidence and market valuation. The study concludes that enhanced sustainability reporting, particularly in environmental and governance areas, contributes to increased firm value in the Nigerian financial sector. It recommends that financial firms improve the quality and consistency of their sustainability disclosures and that regulatory bodies strengthen guidelines and enforcement to promote transparency and investor confidence
FOOD SECURITY STATUS OF THE FARMING HOUSEHOLDS IN ENUGU STATE, NIGERIA
Get PDF
The world economy is not growing as expected because of conflict and instability causing migration of large population from place to place. Also climate change impacts on agricultural productivity, food production and natural resources has shifted the food ways to a new food security, nutrition and health challenges. Food insecurity and poverty are significant problems facing the majority of Nigeria as the economy is mainly dependent on agriculture which is susceptible to different shocks, seasonality and trends. This study examined the determinants of the food security status of the farming household in Enugu State, Nigeria and specifically the study i) identified the socio-economic status of farm households; ii) ascertained the food security status of farm households; iii) examined the determinants of food security; and iii) identified the coping strategies adopted. The study used multistage sampling technique to select 160 respondents for the study and data were analyzed using descriptive statistics, food insecurity experience scale and ordered logistic regression. The result shows that greater proportion of the farming households were male (55.0%) and were within the age of 20-39 years. Majority of the respondents (67.6%) attained secondary education and 95% were married. The food security status result shows that majority of the respondents (83.8%) were food insecure while only 6.3% had low food insecurity level. The significant variables that influenced the food security status include age, education level and farm size. The study recommends targeted interventions to enhance food security level which includes training for farmers in order to manage their farm resources properly
CAUSATIVE ANALYSIS OF FOREIGN CAPITAL INFLOW AND ECONOMIC GROWTH IN NIGERIA: A TODA-YAMAMOTO APPROACH
Get PDFThis study explored the causative effect between foreign capital inflows and economic growth in Nigeria, using time series data from 1980 to 2022. Foreign aid, external debt, remittances and Foreign Direct Investment (FDI) were used as proxies for foreign capital inflows, while real Gross Domestic Product (GDP) was used as a measure of economic growth. Data used were sourced from the CBN Statistical Bulletin and World Development Indictors (WDI) database. The variables were first subjected to unit root tests, using Augmented Dickey-Fuller method, to determine the stationary property of the series. The results obtained indicates that some of the variables are integrated at level, while others at first difference; a mixture of I(0) and I(1). Toda-Yamamoto causality test was used to determine the causative direction between foreign capital inflow and economic growth. The results indicated that there is a unidirectional causality running from foreign aid to GDP and from remittances to GDP. The results also revealed no causality between GDP and FDI, and between GDP and external debt. It is therefore recommended that policymakers in Nigeria should ensure a sound macroeconomic policy environment that is stable to stimulate domestic savings, attract additional FDI and utilize external debt effectively. The need for diversification of the economy through industrialization, agriculture, trade and services is also paramount to reduce such substantial dependence on capital from foreign source
SOCIAL MEDIA PLATFORMS, DIGITAL MARKETING AND SERVICE DELIVERY AMONG TOUR OPERATORS IN THE HOSPITALITY INDUSTRY: EVIDENCE FROM LAGOS STATE, NIGERIA
Get PDFThis study evaluates the adoption and utilisation of Instagram and Twitter for e-marketing and service delivery among tourism and tour operators in Nigeria’s hospitality industry. A positivist research philosophy and a deductive approach were employed, with data collected through an online survey of 273 participants. Descriptive and inferential analyses were conducted, including linear regression and chi-squared tests. The study's results demonstrate substantial adoption of social media, with Instagram and Twitter contributing significantly to e-marketing effectiveness and service delivery. Statistical analysis revealed a mean score of 5.84 for visual content sharing and 5.54 for influencer collaborations, indicating very high utilisation of these strategies. Additionally, user-generated content had a mean score of 5.45, further emphasising its role as an effective e-marketing tool. The impact of real-time communication was reflected in a mean score of 5.43, confirming its positive influence on customer engagement and brand visibility. Experience was found to significantly affect social media use, with a p-value of 0.027, while education level and years of social media use showed limited influence, as indicated by non-significant p-values of 0.159 and 0.067, respectively. The study concludes that Instagram and Twitter are valuable tools for tourism operators in Nigeria. It recommends further integration of these platforms into marketing strategies, with an emphasis on mobile optimisation, real-time communication, and age-appropriate content. Finally, the study highlights the need for multi-channel communication approaches to maximise the impact of emarketing efforts in the hospitality sector. Keywords: E-marketing, Service delivery,
IMPACT OF DOMESTIC SAVINGS, DOMESTIC INVESTMENT AND FOREIGN DIRECT INVESTMENT ON PER CAPITA INCOME IN NIGERIA
Get PDFThis study investigates the impact of domestic savings, foreign direct investment (FDI), and domestic investment on per capita income in Nigeria over the period 1980 to 2023, using the Autoregressive Distributed Lag (ARDL) approach. The findings reveal that, in the long run, domestic savings have a statistically significant negative effect on per capita income, suggesting inefficiencies in financial intermediation. In contrast, FDI exerts a positive and statistically significant impact, though its magnitude is modest. Domestic investment also exhibits a significant negative effect on per capita income, reflecting resource misallocation and structural bottlenecks. Inflation is statistically insignificant in the long run but has a significant negative effect in the short run. The error correction term is negative and statistically significant, confirming a stable long-run relationship. These results highlight the paradoxical nature of Nigeria’s growth process, where traditional growth drivers underperform due to institutional weaknesses. Policy measures should focus on reforming the financial sector to mobilize and channel savings productively, improving the efficiency of public and private investments, and fostering a transparent environment to attract quality FDI. In addition, credible monetary policy is required to ensure price stability and enhance income growth
FINANCIAL INCLUSION, MICROCREDIT AND PERFORMANCE OF SMALL AND MEDIUM SCALE ENTREPRISES IN NIGERIA
Get PDFDespite government efforts to ensure that SMEs play an important role in the Nigerian economy, the sector is still struggling to survive due to so many hindrances, among which are financial exclusion and lack of access to credit. This study is an attempt to investigate the impact of financial inclusion on the performance of small and medium scale enterprises in Nigeria using ARDL technique with data time series data from 1980 to 2022. Financial inclusion was measured by commercial bank branches, the number of rural bank branches and deposits of rural bank branches. The performance of SMEs was proxied by the output of retail and wholesale trade. Findings from the study revealed that a long-run relationship exists among the variables in the estimated model. The results of the Error Correction Mechanism (ECM) within the framework of the ARDL show that there is a positive and statistically significant relationship between the number of commercial bank branches (NDMB) and the output of SMEs (SMEQ) in Nigeria in the long run period. The relationship between the number of rural bank branches (NRBB) and the output of SMEs (SMEQ) was found to be positive and statistically significant at a five per cent significant level. The study therefore recommends that the Central Bank of Nigeria should deepen its pressure on commercial banks through special directive with the aim of promoting financial inclusion through the expansion of microfinance banks branches in rural areas