JOURNAL OF ECONOMICS AND ALLIED RESEARCH
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FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA
Full text linkThe study examines the relationship between financial development and economic growth in Nigeria from 1980 to 2022. The study is anchored on the endogenous growth theory. Data were sourced from the Central Bank of Nigeria Statistical Bulletin. The analysis of the data was done using Autoregressive Distributed Lag (ARDL) model and Toda-Yamamoto Granger noncausality test. The study found that a 1% increase in Financial Deepening leads to 0.79% increase in economic growth and a 1% increase in stock market capitalization leads to 0.29% increase in economic growth. A 1% increases in real interest rate results in 0.55% increase in economic growth. There is unidirectional causality running from Gross Domestic Product to stock market capitalization, real exchange rate, and inflation. There is bidirectional causation between Gross Domestic Product and real interest rate. However, there is no causal relationship between gross domestic product and financial deepening in Nigeria. Government should pursue policies that can help develop the financial sector
THE ATTITUDE OF NIGERIAN HEALTH WORKERS TOWARDS EFFICIENT HEALTH SERVICE DELIVERY IN NIGER DELTA STATES
Full text linkThe attitude of health workers towards efficient health care delivery, particularly in the ravaged Niger Delta states, has raised significant concerns regarding the life expectancy and economic development of these states. This study, therefore, investigates the effects of the attitude of health workers on efficient health service delivery in Niger Delta states. The study employed the survey method to conduct this research. Health workers and patients in government hospitals across the selected state capitals made up the population. The deployed the stratified random sampling method to select the sample size. The study demonstrated that the attitude of state health workers in Niger Delta states positively impacts the efficiency of health service delivery; a change in their attitude positively impacts the effectiveness of health services; and modifying their behavior positively impacts the productivity of health service delivery in Niger Delta. The study, therefore, proffers recommendations to improve service delivery among healthcare workers in the Niger Delta states with implications for other sectors in Nigeria
IMPACT OF OIL PRICE FLUCTUATIONS ON NIGERIAN ECONOMIC GROWTH AND SECTORAL PERFORMANCE: AN ANALYSIS OF DIVERSIFICATION EFFORTS
Full text linkThis study explores the impact of oil price fluctuations on Nigeria's economic growth and sectoral performance from 1995 to 2024. Employing a Vector Error Correction Model (VECM) and variance decomposition analysis, the study assesses how changes in oil prices impact overall economic growth, the performance of the agricultural and manufacturing sectors, and government revenues. The findings indicate that oil prices have a modest but increasing influence on Nigeria's economic growth, accounting for 2.36% of real GDP variations in the long term. The agricultural sector demonstrates resilience to oil price changes, with a decreasing sensitivity over time. Conversely, the manufacturing sector shows growing vulnerability, with oil prices contributing to 9.49% of output variations by the end of the period. Government revenues are notably affected by oil price fluctuations, particularly in the medium term, where they explain up to 38.17% of variations. These results underscore the complex and varied impacts of oil price shocks on different sectors of the Nigerian economy. The study concludes by advocating for targeted policies to enhance economic diversification, bolster sector-specific resilience, and improve fiscal management to mitigate the effects of oil price volatility on Nigeria's economy
ANALYSIS OF COOPERATIVE SOCIETIES, ENTREPRENEURIAL BUSINESS GROWTH AND POVERTY ALLEVIATION IN SOUTH WEST NIGERIA
Full text linkCooperative societies have been increasingly recognized globally as effective mechanisms for promoting entrepreneurship and reducing poverty. This study, titled Analysis of Cooperative Societies, Entrepreneurial Business Growth and Poverty Alleviation in South West Nigeria, examined the pivotal role of cooperative societies in fostering entrepreneurial development and reducing poverty as key drivers of sustainable development in the region. Grounded in the Social Capital Theory, which highlights the importance of social networks, trust, and mutual support, the study utilised a descriptive survey design to gather data from cooperative society members across six state capitals: Ado-Ekiti, Ikeja, Abeokuta, Akure, Osogbo, and Ibadan. A total sample size of 384 was drawn using stratified random sampling from a population of 684,200 registered cooperative members, with 352 valid responses obtained for analysis. Using linear and multiple regression models, the study found that cooperative societies significantly contribute to poverty alleviation (R² = 0.584, β = 0.764) and have an even stronger effect on entrepreneurial business growth (R² = 0.743, β = 0.862). These findings underscore the critical influence of cooperative societies in promoting sustainable economic development in South West Nigeria. The study recommends enhanced policy frameworks to support cooperative societies, including improved access to finance, skill development programmes, and stronger regulatory oversight to maximise their contributions to poverty reduction and entrepreneurial growt
ANALYSIS OF OIL PRICE, EXCHANGE RATE, AND ECONOMIC GROWTH NEXUS IN NIGERIA
Full text linkThis study examines the nexus between oil price, exchange rate volatility, and economic growth in Nigeria using the Fully Modified Ordinary Least Squares (FMOLS) estimation technique. The findings reveal that exchange rate volatility has a statistically significant negative impact on economic growth, highlighting the adverse effects of currency fluctuations on macroeconomic stability. Inflation also negatively affects GDP, though its impact is statistically insignificant. Conversely, oil price movements exert a significant positive influence on economic growth, underscoring Nigeria's dependence on crude oil revenue. Interest rates also have a significant positive effect, suggesting that stable financial conditions contribute to economic expansion. However, trade openness does not significantly explain GDP variations. The Johansen cointegration test confirms the existence of a long-run relationship among these macroeconomic variables. Based on these findings, policymakers should prioritize exchange rate stabilization through sound foreign exchange policies, increased foreign reserves, and export diversification to mitigate the negative effects of currency volatility. Furthermore, the government should implement strategic policies for managing oil revenues by investing in critical sectors such as infrastructure, education, and healthcare to ensure long-term economic resilience beyond oil dependency. Institutional reforms aimed at improving governance, reducing corruption, and enhancing resource allocation efficiency are also essential for fostering sustainable economic growth
ENHANCING WOMEN’S LEADERSHIP IN BUSINESS THROUGH GENDER-INCLUSIVE STRATEGIES AND WORK-LIFE SUPPORT
Full text linkThis article examines the strategic influence of gender diversity initiatives and work-life balance policies on the advancement and sustainability of women’s leadership in business administration. Drawing from a mixed-methods approach involving survey responses from 106 women and interviews with five female executives, the study analyses how inclusive organisational structures either facilitate or hinder leadership progression for women. Quantitative data revealed that 74% of respondents credited gender diversity policies with supporting their rise to leadership, while 81% highlighted work-life balance as a key factor in retaining their positions. Using Herzberg’s Two-Factor Theory and Organisational Behavior Theory as analytical frameworks, the study found that the absence of supportive work conditions and inclusive culture significantly reduces women’s career satisfaction and progression. The article concludes that gender diversity and flexible work practices are not only ethical imperatives but also strategic enablers for sustainable leadership. It recommends institutional reforms that embed gender parity targets, normalise flexible work arrangements, and promote inclusive leadership development pipelines. These findings contribute to the discourse on structural gender equity and offer actionable insights for policymakers and organisational leaders in developing contexts, particularly Nigeria
ASSESSING THE IMPACT OF SHIPMENT EVALUATION MANAGEMENT, ORGANIZATIONAL PERFORMANCE AND ECONOMIC GROWTH OF AGRO ALLIED INDUSTRY IN SOUTH-SOUTH, NIGERIA
Full text linkThe agro-allied industry is a crucial sector in the Nigerian economy, particularly in the South South region, which is known for its rich agricultural resources. The industry plays a significant role in contributing to the country’s Gross Domestic Product (GDP), providing employment opportunities and ensuring food security. This empirical research study investigated the impact of shipment evaluation management practice on operational performance. While studies have explored shipment evaluation management, few have investigated the relationship between shipment evaluation management, organizational performance on economic growth. This study aims to bridge the gap. By addressing these objectives, this study will contribute to providing insights into the impact of shipment evaluation management on organizational performance in the Agro-allied industry in South-South Nigeria. The study made use of a mixed-methods approach, combining surveys, interviews and econometrics analysis. A sample size of 950 was used drawn from a population that consists of 1,494 staff from six (6) agro-allied companies located in the South-South region of Nigeria. Mean and percentages were used to analyzed demographic varaibles. Multi-regression analysis and the chi-square distribution at P < 0.001 level of significance to determine the validity or otherwise of the hypothesis was used for data analysis. The results are reported in tables and represented graphically. The result of the study shows that shipment evaluation management and organizational performance significantly impacts economy growth and ultimately improving economy of South-South Nigeria
AN OBJECTIVE APPRAISAL OF EDGEWORTH SERIES DISTRIBUTION AND NORMAL DISTRIBUTION FOR THREE POPULATIONS
Full text linkThe study evaluates the optimum probabilities of misclassification using the Edgeworth Series Distribution (ESD) and compares the misclassification errors of ESD with the Normal Distribution (ND) for three populations using simulated data. It equally examined the adequacy of distribution performance between ESD and ND techniques and evaluates the performance of LDA and QDA in classifying ESD averaged over various sample sizes for three distinct populations. The optimal probabilities of misclassification for the Edgeworth Series Distribution (ESD) were computed with specific parameters ( with 4 , 1 0 , 2 1 , 3 1 and 1 being the skewness factor) within defined intervals (0.00625, 0.4 being in 14 intervals). The study also examined the apparent probabilities of misclassification for ESD and ND when means ( 1 2 and 3 ) are known or estimated from samples.. The findings of the study also revealed that QDA tends to have higher accuracy and AUC-ROC values than LDA across all the skewed levels. The study concluded that QDA outperformed LDA in terms of accuracy and error rates, demonstrating superior discriminatory power. This study provides valuable insights for those working with datasets involving multiple populations and variables, with potential applications in various fields such as multivariate methods, data science, machine learning, business, healthcare, and finance. The research contributes to the advancement of robust classification methods and provides programming code for evaluation, enhancing the methodological toolkit in the field. It establishes a foundation for future research endeavours and presents a comprehensive framework for comparing LDA and QDA performance in ESD data, highlighting the effectiveness of QDA in handling skewed data for multiple populations. The research recommended further exploration into developing a generalized model for estimating probabilities of misclassification via ESD with flexible distribution assumptions and robust estimation method
CLIMATE CHANGE AND FOOD PRODUCTION: INVESTIGATING AGRICULTURE-INDUCED GREENHOUSE GAS EMISSIONS IN NIGERIA
Full text linkThis research investigated the effect of agriculture-induced greenhouse gas emissions on food production in Nigeria from 1981 to 2022. The Auto-regressive Distributed Lag (ARDL) methodology is employed. Findings revealed that agriculture-induced greenhouse gas emission negatively affected food production during the period of the study, however, its effect is found to be insignificant. The rise in the magnitude of agriculture-induced greenhouse gas emission from 7% to 20% in the short-term and long-term respectively is an indication that agriculture induced greenhouse gas emission portends great danger towards the achievement of adequate food production in Nigeria. The result of the findings also implies that the status of the agricultural sector as the highest emitter of greenhouse gas emissions in Nigeria does not necessarily transmit to making its negative impact on food production significant. Thus, this research recommends the training of farmers through workshops and agricultural extension services to practice climate-smart agriculture to ensure that greenhouse gas emission from agriculture is minimized and to reverse this negative trend possibly. The elimination of bush burning and deforestation, the use of organic manure as against synthetic fertilizers, the practice of irrigation farming, and modern livestock practices (ranching) should be encouraged among farmers by the government both at the Federal, State, and Local government levels through the various established agricultural ministries and agencies in the country
IMPACT OF PUBLIC EXPENDITURE ON THE AVAILABILITY OF MEDICAL EQUIPMENT AND HEALTH SERVICES DELIVERY IN PRIMARY HEALTHCARE CENTERS OF BORNO STATE, NIGERIA
Full text linkThe study investigates the impact of public expenditure on the availability of medical equipment and health services delivery in primary healthcare centers (PHCs) of Borno State, Nigeria. The cross-sectional research design was employed for the analysis using data gathered from primary sources using questionnaire. Due to the categorical nature of the variables, the study employed Survey Linear Ordinary Least Squares method of analysis. The study reveals that public capital expenditure has statistical impact on medical equipment availability in PHCs of Borno State which by extention results in health services delivery. The study recommends prioritisation of capital health spending to improve healthcare service delivery in Borno state, Nigeria