GUSAU JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES
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ASSESSMENT OF THE IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH IN NIGERIA (1988-2022)
Get PDFThe idea that globalization is one of the most important drivers of economic growth has gained wide acceptance in recent times. The study empirically assesses the effects globalization on economic growth of Nigeria. Specifically, the study identifies how globalization affects the progress of the Nigeria economy.The study empirically investigates if there is a short-runand long run relationship between economic globalization and economic growth in Nigeria. The study examined the extent at which social and political globalization affect Nigeria economic growth.The study employed Autoregressive Distributed Lags (ARDL) models to examine the relationship between general globalization, economic globalization, social globalization, political globalization and economic growth in Nigeria. The study made use of annual data series dating from1988 to 2022 sourced from World Development Indicators (WDI), the database of World Bank and of Swiss Economic Institute data base. The study reveals that general globalization, economic globalization, social globalization and political globalization have a significant positive effect on economic growth in Nigeria.The study therefore recommends that, for Nigeria to catch high levels of growth levels, Nigeria should endeavor to improve on the institutional quality and good governance in Nigeria.When this is in place, further economic and social integration from foreign countries will be enhanced and economic development will be achieved. Also, Nigeria government should widen its market through either improved export of commodities and services as well as import of machines and production inputs.Further integration of the Nigerian economy with other economies through a productive capacity should be a focus of policy by the Nigerian government and policy markers
Effect of Cattle Rustling on Economic Development in Zamfara State, Nigeria
Get PDFThe objectives of the paper are to determine the effect of cattle rustling on the lsevel of income of cattle owners in Zamfara state and to investigate the effect of cattle rustling on the quantity of cattle supplied in the market. A survey method using a structured questionnaire and informal interviews of key informants as well as direct observation of respondents was used. The multi-stage sampling technique was employed in selecting samples for the study. The linear regression model was used for the analysis of the data. The results of the study revealthat cattle rustling in Zamfara State affect the income of cattle owners and the market quantity of cattle. Furthermore, the result shows that cattle rustling had led to a decrease in the income of cattle owners and the market quantity of cattle in the study area. The study recommends that government should recognize vigilante groups to strengthen the effort of security agencies to prevent and control activities of cattle rustling. The paper also recommended that government should economically empower the people on cattle rearing and production to increase the market quantities of cattle in Zamfara State, Nigeria
IMPACT OF MOBILE BANKING ON CUSTOMERS’ SATISFACTION IN DEPOSIT MONEY BANK IN NIGERIA
Get PDFThe study examined the impact of mobile banking on customer satisfaction in United Bank for Africa. Bank customers in Nigeria have been found to be dissatisfied with the quality, of services provided by banks. This calls for the need to actually investigate how customers behave or get satisfied with regards to the services of commercial banks in Nigeria. No doubt that information from current technologies in banking operations has improved efficiency and effectiveness of their operations so that more transactions can be processed faster and most conveniently. The main objective of this study is to examine the impact of mobile banking on customer satisfaction in United Bank for Africa. Data was source basically from the primary source. Primary data are those data gotten from the field of study. Questionnaire was used as instrument of data collection, regression was used as a tool for data analysis. The findings of the study revealed that Automated Teller Machine (ATM), internet banking, telephone banking and mobile banking has significant impact on service delivery to customers. The study recommended that banks should provide more functional infrastructures to strengthen their e-business transaction. Standby electric power generating sets and inverters be provided to power the banking halls, information technology equipment and ATMs respectively whenever there is public power failure to ensure continued smooth operations
VALUE CHAIN AND PRODUCT INNOVATION IN PALM OIL INDUSTRY IN ANAMBRA STATE
Get PDFThis research center on evaluation of effect of value chain on Product innovation in palm oil industry in Anambra was based on objectives which were to examine the effect of customer focus on Product innovation in palm oil industry in Anambra, evaluate the effect of R&D management on Product innovation in palm oil industry in Anambra, assess the effect of process management on Product innovation in palm oil industry in Anambra and determine the effect of supply management on Product innovation in palm oil industry in Anambra. A cross-sectional survey research design was employed. Structural Equation Modelling (SEM), using SMART-PLS was selected to investigate the effect of value chain on Product innovation in palm oil industry in Anambra. Data was collected through questionnaire from a sample of 265 Palm oil growers in Abuja. The finding shows that there is a positive significant effect of customer focus, R&D management, process management and supply management on Product innovation in palm oil industry in Anambra. It is recommended that, Palm Oil Growers should engage actively in customer focus, Palm Oil Growers should engage actively in R&D management, Palm Oil Growers should engage actively in process management and Palm Oil Growers should engage actively in borrowing from supply management. This will help them to easily improve their product innovation which will in turn lead to performance of their firms
IMPACT OF OIL AND TAX REVENUE ON CAPITAL BUDGET EXPENDITURE IN NIGERIA
Get PDFCapital Budget Expenditure is vital to the economic, business and social welfare of any country, especially for the fact that its importance spans across all works of life and has great impact on business proceedings. Over the years, Nigeria has recorded low implementation of capital budgets and is yet to move above 75 percent implementation within a fiscal year since the inception of her democracy (1999); with expenditure percentages staggering between 6 percent to 65 percent between 2010 to 2016. This study examined the impact of government revenue on capital budget expenditure in Nigeria between 2009 First Quarter – 2017 Fourth Quarter. The study highlighted the importance of the various revenue components, thereby testing the efficacy of wagner’s theory in Nigeria. The dependent variable is capital budget expenditure, while the independent variables are oil revenue and company income tax, alongside two control variables: exchange rate and gross domestic product. The study made use of time series data; and the variables being a combination of I(0) and I(1) were subjected to ARDL model estimation in the short and long run. The Wald test showed that a long run relationship exists between government revenue and capital budget expenditure. The ECT was highly significant, with a very high adjustment speed to equilibrium after every quarter, thus concluding that government revenue influences government expenditure, recommending that all available frontiers of revenue including other forms of oil and non-oil tax should be given necessary attention
Measuring the Impact of COVID-19 Pandemic on Inflation in Nigeria Using ARDL Approach
Get PDFCoronavirus also known as COVID -19, is a disease that emerged from China during last quarter of the year 2019. The diseases is a respiratory illness that can spread from person to person. It caused stagnation of many economic activities across the Globe. The economic damage of the pandemic represent the largest economic shock the world experienced in decades since 1930s. During the period of the covid-19 pandemic, Nigeria witnessed persistence increase in general price of goods and services. Thus, the study was carried to examine the relationship between covid-19 infections and inflation using weekly time series data on the variables of study. Auto-Regression Distributed Lag Model (ARDL) was employed to estimate the relation between the inflation and covid-19. The ARDL bound test indicated the absence of cointegration among the variables of study. Consequently, short-run ARDL was estimated and the findings are as follows: there is weak negative but significant relationship between Covid 19 and inflation. Furthermore, exchange rate has a positive and significant impact on inflation. Granger causality test found that covid-19 granger causes inflation. The study therefore concluded that, covid-19 based on literature can cause inflation through its transitory effect and measures especially lockdowns taken by government in the process of curbing the spread of the pandemic. The study recommended that government should be cautions when taking measures to curb a disease or any action that can cause production bottleneck in the economy, and it finally recommended further studies in the area to reveal more results.  
Analysis of information disorder on Economic Policies in Nigeria, 2015-2021
Get PDFInformation disorder is increasingly distorting economic and political space across the world. Nigeria’s economic policies are among the most highly criticized in Africa and this is partly because it is the largest economy. This situation has implications for the country’s political space as social and political protests against regimes are often based on their respective economic performance. The objective of the study, therefore, is to examine the determinants of information disorder within the context of two economic policies in Nigeria. A qualitative content analysis approach is utilized based on the position of the country’s constitution on how the economy should be run. A descriptive and inferential analysis was carried out on the data obtained through content analysis. The study concludes that already held views with regards to how an economy is run and opposition against the ideological position of the country’s economy mainly account for how much information disorder the country experiences about its economy. The study, therefore, recommends that existing regulatory authorities should make clear the ideological position of the country to the public well enough to clear the air about the direction of its economic policies at any time
AN EMPIRICAL ASSESSMENT OF HEALTH EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA
Get PDFThis paper empirically investigates the impact of health expenditure on economic growth that was measured by the Gross Domestic Product (GDP) during the period (1986-–2021). The researcher chose GDP as a dependent variable and five independent variables namely; Total Government expenditure on health, Total government expenditure on education, Life expectancy at birth, educational enrolment, and gross capital. The data were sourced from world development index, central bank of Nigeria annual reports and analysed by means of descriptive statistics, unit root tests and cointegration techniques. The result of the estimation revealed that TGED found to be positive and statistically significant, total government expenditure on health appeared to be negative, but statistically significant at the 5% level of significance. Also, the result further indicates negative relationship between educational enrolment and economic growth but statistically significant at 5% level of significance. Life expectancy at birth (LLB) result revealed negative relationship, while the coefficient of GCF is positive and statistically significant. However, with the exception of educational enrolment and total government expenditure on education no evidence of any short-run causality observed from public spending on health to economic growth. This study recommends that government at various levels should strongly pursue health policies and programmes to create free conditions for boosting the level of welfare through increase in health sector budget to achieve sustainable economic growth and transformation
PUBLIC HEALTH EXPENDITURE, ENVIROMENTAL POLLUTION AND HEALTH OUTCOMES IN NIGERIA
Get PDFThe study examines public health expenditure, environmental pollution and health outcomes- using infant mortality rate as proxy. Data was sourced from Central Bank of Nigeria and National Bureau of statistics from the period 1981 to 2021. A test of stationarity of the variables using- Unit Root Tests (ADF and P-P Tests) were examined coupled with a test of the existence of a long-run equilibrium relationship using the Johansen Co-integration Test. Afterward, an Error Correction Model (ECM) technique were applied in the study. Other diagnostic tests such as Residual Diagnostic Test, Serial Correlation LM Test and Histogram Normality Test were conducted to further validate the credibility of the model. The findings from the results showed that carbon (iv) oxide and gas flaring do not have significant effect on infant mortality rate as they were not statistically significant at 5% level. HIV showed negative impact on infant mortality which means the variables do not have direct effect on infant mortality. On the other hand, public health expenditure showed positive impact on infant mortality rate due to corrupt practices in the health sector. The study recommends that, expenditure on healthcare should be efficient and accountable. Also, government should create more or intensify public awareness program on pollution and HIV. Overall, the study identified a significant connections between health expenditure and health outcomes, and a weak relationships between environmental pollution and health outcomes in Nigeria
IMPACT OF POPULATION GROWTH ON POVERTY IN NIGERIA
Get PDFThis study investigates the impact of population growth on poverty rate in Nigeria over the period: 1986 to 2021. To achieve this objective, time series data was collected mainly from National Population Commission (NPC) and National Bureau of Statistics (NBS). The data was tested for stationarity using Augmented Dickey Fuller (ADF) and Phillips Perron (PP) techniques. The results indicate the nonstationary of the variables. That is, both population growth and poverty rate time series are integrated of order one I(1). The study tested for cointegration using Johensen cointegration and the result indicates the presence of cointegration among the variables of study. Considering the integration and cointegration nature of the data, Dynamic Ordinary Least Square was estimated to avoid the possible problems of spurious regression and serial correlation. The result revealed a significant negative long-run impact of population growth on poverty in in Nigeria. Based on the empirical findings this study recommends that both government, households, private sector and nongovernmental organisations should focus in building productive population in Nigeria