7 research outputs found
CHALLENGES CONFRONTING RIVER BASIN DEVELOPMENT AUTHORITIES IN PROMOTING AGRICULTURAL DEVELOPMENT IN NIGERIA
No full textNigeria continues to import agricultural products despite numerous agricultural policies due to persistent challenges such as inadequate infrastructure, poor implementation, and lack of support for farmers. These issues hinder local production and self-sufficiency, forcing reliance on imports to meet food demand. In the light of the above, this study examines the challenges Confronting River Basin Development Authorities in promoting Agricultural Development in Nigeria. The study employed survey research method with the use of primary and secondary method of data. Institutional theory was used to shed light on how existing structures and practices enable corruption and hinder accountability. These actions undermine the effective implementation of agricultural projects and hinder sustainable development. Findings from the investigation shows that efficacy of River Basin Development Authorities (RBDAs) in advancing agricultural development is hindered by inadequate cooperation and coordination among stakeholders, alongside political interference and bureaucratic hurdles. These challenges undermine thecollective efforts needed to optimize resource utilisation and implement cohesive strategies within river basins. The study recommends among others that addressing inadequate cooperation and coordination among stakeholders, political interference, and bureaucratic hurdles is crucial
Challenges and Opportunities in the Power Sector Reform of Abuja Electricity Distribution Company
No full textNigeria Power sector reform was performed between the year 2010 and 2013 but has undoubtedly been adjudged unsuccessful by most stakeholders. The failure of the reform is evidenced by a myriad of seemingly insurmountable economic, institutional, technical, financial and socio-political challenges exacerbated by the recent macroeconomic crisis. This study examined challenges and opportunities in the power sector reform of Abuja electricity distribution company with a sample size of 251 determined using the Raosoft calculator. Data collection utilized a self-structured questionnaire, and analysis employed descriptive statistics like frequency count and mean. The findings showed power sector reform in Abuja Electricity Distribution Company (AEDC) has revealed challenges related to poor funding, inadequate implementation of reforms, and a lack of essential infrastructure. The study recommends prompt, continuous and effective stakeholders’ engagement is critical at the states, local government and communities to resolve the socio-political and conflict of interest issues such as the tariff design, gas pipeline vandalization
IMPACT OF RIVER BASIN DEVELOPMENT AUTHORITIES ON AGRICULTURAL DEVELOPMENT IN NIGERIA
No full textDespite established agricultural policies and programs in Nigeria, farmers face persistent challenges such as inadequate access to credit, poor infrastructure, and limited market access. These issues hinder productivity and profitability, leading to outcry among farmers who struggle to sustain their livelihoods and contribute to national food security. To this end, this paper examines the impact of River Basin Development Authorities on agricultural development in Nigeria. The study is anchored on structural change theory as its framework of analysis. Data for were collected from questionnaire administered to a sample of 331 respondents and in-depth interview involving 4 respondents selected from the sampling units. Data were also collected from secondary sources. Data from questionnaire were analysed using simple percentages and frequency tables, while data from in-depth interview were analysed using narrative analytical method. Finding revealed that River Basin Development Authorities are key players in ensuring efficient water management, which is critical for agricultural productivity. Their activities include developing irrigation infrastructure, controlling floods, providing technical support to farmers, and promoting sustainable agricultural practices. Secondly, the study reveals that despite concerted efforts by River Basin Development Authorities in Nigeria, their impact on fisheries, mechanized farming, livestock, and agricultural development remains elusive. The authorities have struggled to effectively translate their efforts into meaningful outcomes, leaving a gap between intentions and actual impact on the ground in these crucial areas of development. The study recommends among others that to ensure that RBDAs\u27 interventions are result-oriented and beneficial for local farmers, there needs to be a focus on continuous monitoring and evaluation of projects. This includes assessing the impact of RBDAs\u27 activities on agricultural productivity and sustainability, as well as gathering feedback from farmers to make necessary adjustments
IMPACT OF BOKO HARAM TERRORISM ON FOREIGN DIRECT INVESTMENT (FDI) INFLOWS IN THE NORTH EAST NIGERIA (2015 – 2024)
No full textThe persistent activities of Boko Haram terrorism have posed significant challenges to Nigeria\u27s socio-economic development, particularly affecting Foreign Direct Investment (FDI) inflows. This study investigates the Impact of Boko Haram Terrorism on Foreign Direct Investment (FDI) Inflows in the North East Nigeria, (2015 – 2024). The primary objective is to analyze how terrorist activities influence foreign investors\u27 confidence and decisions, utilizing the Marxist theory to understand the socio-economic implications of terrorism as a class struggle exacerbated by imperialistic interventions. An Ex-Post Facto research design was employed to examine existing data on Boko Haram terrorism and FDI inflows. The population of this study consists of three thousand five hundred and ten (3,511) individuals, encompassing government officials, investors, and residents in affected areas. A stratified random sampling technique was used to ensure a representative sample, resulting in approximately 350 respondents. The findings reveal a significant negative correlation between Boko Haram terrorist activities and FDI inflows in Nigeria. The study indicates that increased terrorism-related incidents lead to decreased foreign investments, as investors are deterred by the high-risk environment. Additionally, the findings highlight the broader economic repercussions, including job losses and stunted economic growth, further entrenching poverty and instability. Based on these findings, the study recommends that the Nigerian government intensify its counter-terrorism efforts to create a secure environment conducive to attracting foreign investments. Additionally, there should be a focus on socio-economic development programs to address the root causes of terrorism, including poverty and unemployment. Strengthening regional and international collaborations to combat terrorism and fostering a stable political climate are also essential measures to restore investor confidence and boost FDI inflows in Nigeria
ECOWAS Interventions in Cote D’ivoire: The Dynamics of Nigeria’s Contributions
No full textECOWAS has identified political and economic mismanagement of member states by political elites as the major cause of conflicts in the sub-region and has developed protocols and ECOWAS Conflict Prevention Framework for constructive engagements in crisis situations. The reluctance by Nigeria to lead ECOWAS military interventions to restore political stability between 1999 and 2012 in Guinea, Guinea Bissau, and Cote d’Ivoire, reverberated in the continent and global discourse and many scholars described it as a sign of fatigue and withdrawal by Nigeria from peacekeeping. This thesis examined Nigeria’s leadership role and ECOWAS interventions in Cote d’Ivoire. Through a descriptive qualitative case study design, in depth oral interviews of fifteen (15) selected respondents were reviewed as primary data and extensive documented sources in the case study as secondary data, were analyzed and utilized. The regional leading power theory was adopted to evaluate the strategies adopted in the sub-region to establish order and the nature of interactions between the member states. The results show that, the root cause of the crisis in Cote d’Ivoire was the politics of exclusion based on ethnicity, and with the French involvement, Nigeria opted for diplomacy, mediation and electoral assistance as measures to resolve the crisis. ECOWAS coordination was weak. However, with the region still plagued with internal security challenges, terrorism, smuggling, illicit cross border trading and political instability occasioned by bad governance, only dialogue and domestication of ECOWAS good governance protocols can ensure the attainment of ECOWAS goals
Impact of Corporate Governance on the Operations of the Nigerian Deposit Insurance Corporation (NDIC)
No full textCorporate governance in the NDIC is a practical framework, supporting the corporation to achieve it set operational objectives through its strategic plans in line with the standards of International Association of Deposit Insurance (IADI) particularly with regard to speedy reimbursement of approved depots guarantee sum to victims of failed financial institutions within the specified period. This has becomes a challenge partly due to prolong debate by the National Assembly over the revised NDIC Act which contained a new framework and or delay in dispensing justice by the Nigerian judicial system. These called for continuous reviewof the NDIC’s corporate governance policy using stakeholder theory with a view to examine the impact of corporate governance framework on NDIC’s performance. To achieve these objectives a survey research design was employed using 1644 population with a sample size of 400 respondents selected using Taro Yamane (1967) formula and complemented by secondary data. Cluster sampling and purposive sampling techniques were used to analyse data. The result indicated that the framework as tied to the corporate strategic plans has significantly impacted on the corporate commitment to achieving core operational mandates, but neither effectively increase the level of public awareness, nor ensure efficient payment system to victims of failed insured institutions within the required 90 days. The study recommends more effective awareness campaign through different medium for brother financial inclusion. Also, the National Assembly should expedite action toward assenting the reversed NDIC Act and establish a special court to handle only matters relating to failed financial intuitions in Nigeria which should guide the corporate governance framework for easy cascading to various department and units for optimum performance
ASSESSING ECOWAS PROTOCOL FREE MOVEMENT AND DEVELOPMENT OF NIGERIAN ECONOMY
No full textThe alarming rate and growing incidence of unchecked or undocumented exodus of various nationals across borders has become more disheartening globally most especially in developing nations like Nigeria. The study examined the effect of ECOWAS Protocol on Nigeria\u27s economic development. State First Approach was adopted as a theoretical framework. The method of data collection was premised on both primary and secondary methods of data collections. Questionnaire and Personal Interview were employed as instruments for primary data, while for secondary method, sources like research papers, policy papers, documents, journals, magazines, seminars, workshop papers and handbook were utilized. The study established that the lack of political will among ECOWAS members to submit part of their sovereignty and the lack of trust among member-states are challenges proper implementation of the policies and protocol under review. It was recommended that the commission should review the provisions of the movement of goods, persons and right of establishments, economic development and trade liberalization policies to meet up with the current economic needs of her member-states
