14 research outputs found
Insecurity and Economic Development in Nigeria
No full textThe continuous rise in Insecurity and deterioration in the economic development in Nigeria call for a concern among researchers and policy makers over the years. However, these two hydra-headed problems still remain the greatest challenges facing nations all over the world. This study therefore, examines the implication of insecurity on economic development in Nigeria. With the use of trend analysis, descriptive statistics and Pearson correlation of failed state index, human development index and Legatum’s prosperity index, the study reveal an inverse relationship between insecurity and economic development in the country. to ensure economic development in Nigeria therefore, the study recommends various measures of curbing insecurity including preventive community policing, human development centered growth perspective, equitable distribution of resources as well as channeling of resources to frontline sectors of the economy among others. Keywords: Insecurity, economic development, failed state index, prosperity inde
Linkages between Trade Openness, Productivity and Industrialization in Nigeria: A Co-integration Test
No full textThis study examines the effect of trade openness and total factor productivity on industrial output in Nigeria. The data used for this analysis covers the period 1981-2015. The paper employs the VAR model in estimating the effect of trade openness on industrial output. The impulse response function and the variance decomposition are used to examine the response of industrial output to shocks in trade openness and total factor productivity. The results show that trade openness has a positive increasing effect on industrial output in Nigeria while the effect of total factor productivity on industrial output is found to be insignificant. The impulse response function shows over the long run period tfP negative effect on industrial output in Nigeria. The findings of this study certainly have important policy implications: it suggests that policies geared towards increasing trade openness should be encouraged as this tends to improve industrial output. This study contributes to economics literature by looking at the degree to which trade openness and total factor productivity influence industrial output in Nigeria.</jats:p
Relative Impact of Bank Credit on Manufacturing Sector in Nigeria
No full textThe study examined the relative impact of bank credit on manufacturing sector in Nigeria from 1981 to 2018. The techniques adopted in the study include; ordinary least square (OLS) method, Augmented Dickey Fuller (ADF) unit root test, Johansen cointegration test and error correction mechanism (ECM) technique. The data used for the analysis is secondary source of data and the model adopted in the work is a linear regression model. The findings showed that lending rate, credit to private sectors, and loans and advances to manufacturing sector contributed positively to the manufacturing sector output with the exception of inflation rate. Therefore, the study recommends that government should, through the Central Bank of Nigeria, pursue policies that lower interest rate (cost of capital) and reduce inflation on one hand and increase money supply as well as loans and advances to the investors in order to increase the output of the manufacturing sector which is capable of stimulating economic growth.  
TRADE OPENNESS AND INDUSTRIAL OUTPUT GROWTH IN NIGERIA
No full textThe study assessed trade openness and industrial output growth in Nigeria spanning the period of 1986 to 2019. Using the new trade theory as theoretical premise, the study sought to determine the whether trade openness causes industrial output growth in Nigeria. To do this, the study used the Toda-Yamamoto (T-Y) causality procedure. Using Nigeria’s industrial output as proxy for industrial output growth and trade-to-GDP ratio as proxy for trade openness, findings from the T-Y estimation revealed that there was no causal relationship between trade openness and industrial output growth in the country. Thus, the study concluded that trade openness did not cause industrial output growth in Nigeria for the period under analysis. To ensure that trade openness leads to industrial output growth, the study recommends that trade in the country would have to be further opened up so as to allow for import discipline which would drive competition and promote the growth of Nigeria’s industrial secto
LENDING RATE AND MANUFACTURING SECTOR GROWTH IN NIGERIA
No full textThis study examined the impact of lending rate on the growth of manufacturing sector in Nigeria from 1986 to 2020. The Ordinary Least Squares (OLS) estimation technique was employed for achieving the objectives of the study. The OLS analysis showed that there exists a positive and insignificant impact of lending rate on the growth of the manufacturing sector in Nigeria, indicating that lending rate does not impede the activities and the performances of the Nigerian manufacturing sector. It also revealed that there exists a negative and insignificant impact of inflation rate on the growth of the manufacturing sector in Nigeria. Based on the findings, the study recommended that Central Bank of Nigeria through its monetary policy should ensure that interest rate deregulation is frequently monitored and primarily tailored towards ensuring that the prevailing market lending rate provides opportunity for improved performance of the manufacturing sector, government should provide the essential and effective infrastructure facilities especially electricity supply, as the high cost of these infrastructural expenditure incurred by banks is passed on to borrowers and manufacturers through interest rate, among others were proffered
Land Tenure Insecurity and Agricultural Recovery: Evidence from Displaced Farmers in North-Central Nigeria
No full textCASHEW NUT PRODUCTION AND CASHEW FARMERS' WELFARE IN KOGI STATE, NORTH CENTRAL, NIGERIA
No full textCashew nut production plays a vital role in the livelihoods of smallholder farmers in many tropical regions. This study investigates the socio-economic effects of cashew nut production on the welfare of cashew farmers in Kogi State, North Central Nigeria. Using a survey research design, data were collected from 373 cashew farmers across the three senatorial districts of the state. The study employed descriptive statistics and regression analysis to analyse the data. The findings reveal that cashew nut production, income levels, and the level of education among cashew farmers are statistically significant and positively associated with their welfare. Specifically, an increase in cashew nut production, income, and education levels corresponds to an improvement in farmers' overall well-being. The results also indicate a positive relationship between access to credit and farm size, although their effects on welfare were not statistically significant. These findings underscore the importance of promoting cashew farming as a viable livelihood strategy and addressing factors that can enhance the productivity and profitability of this agricultural activity. The study recommends strengthening educational programs for cashew farmers, facilitating access to credit and financial services, promoting sustainable farming practices, and investing in infrastructure development in cashewproducing regions
Alleviating Poverty through the Use of Entrepreneurship Skill Acquisition in Kogi State, Nigeria
No full textAbstract - This study assessed the impact of entrepreneurship skill acquisition on poverty in Kogi State of Nigeria. The study made use of primary data collected with the aid of a well-structured questionnaire, which were administered by well-trained enumerator to beneficiaries of entrepreneurship acquisition skills randomly sampled from six Local Government Area of the state. The data collected through the questionnaire was analyzed using descriptive statistics like frequencies and percentages. The result shows that 65% of the respondents accepted that lack of entrepreneurship skills among youth is responsible for the high rate of poverty in Nigeria. The result also revealed that at least 60% of the people that benefitted from the skill acquisition programme can now afford the basic necessity of life. The study therefore recommended that since most of the people that benefited from the programme could afford the basic necessity of life, the government should begin to think of the way of developing the programme to the status of poverty eradication programme.Keywords : Entrepreneur; Vocation; Skill acquisition; Poverty; Alleviation; OptimumPaper Type : Research Pape
COMPARATIVE ANALYSIS OF PUBLIC HEALTH EXPENDITURE AND POST-NEONATAL MORTALITY: A CROSS-INCOME GROUP STUDY IN SELECTED SUB-SAHARAN AFRICAN COUNTRIES
No full textSub-Saharan Africa (SSA) continues grappling with disproportionately high post-neonatal mortality despite economic progress. With competing budget priorities, increasing health expenditures' value for accelerating reductions remains contested yet understudied specifically for post-neonatal child health. This analysis aimed to fill this gap by investigating public health spending's impact on post-neonatal mortality stratified by country income levels. Applying the Health Expenditure-Outcome framework, the study analyzed recent panel data across 15 SSA countries, categorized into low, lower-middle and high & upper-middle income groups. Poisson regression modeled country-specific post-neonatal mortality rates as a function of public health expenditure, adjusting for economic, institutional, social and environmental confounders. The study’s descriptive analysis showed stark disparities in post-neonatal deaths, health spending, and related correlates across poorer vs wealthier SSA countries. The Poisson models demonstrated significant mortality reduction per extra unit of public health expenditure across all income categories. However, the mortality lowering effects were substantially greater in higher resourced health systems. The study thus concludes that public financing for health significantly curtails post-neonatal deaths regardless of economic development levels. Yet returns on investment increase considerably as health systems strengthen over time in transitioning income groups. Sustaining long-term increases in health budgets, prioritizing women and child programs, could accelerate progress. As such, SSA finance/health ministries should develop incremental roadmaps raising budget allocations aligned with Abuja targets given high returns. Improving spending efficiency through governance reforms and integrated investments tackling socioeconomic mortality drivers can further maximize gain
THE ECONOMIC IMPACT OF IMPROVED AGRICULTURAL TECHNOLOGY ON CASSAVA PRODUCTIVITY IN KOGI STATE OF NIGERIA
No full textThis paper assessed the economic impact of improved agricultural technologies on cassava productivity in Kogi State, Nigeria. The results are drawn from a household survey covering the agricultural season of 2009/2010. The data obtained from interview schedule was subjected to descriptive and inferential statistical analysis. Descriptive statistics for this study include frequency, percentages and means. The hypothesis was tested using chi- square. The result shows that 79.33% of the respondents adopt the use of improved variety within the period under study. The analysis done on the revenue of the respondents before and after the adoption of the improved agricultural technology shows that revenue of farmers after the adoption of innovations are better off than revenue generated before adoption by N27,750 on the average per farmer. This result shows that the impact of improved agricultural technologies on cassava productivity is positive. Additionally, the results attest to the importance of increasing agricultural productivity in tandem with improvements on the adoption and use of improved agricultural technologies and its availability to the reach of farmers with the farmers’ ability to store food. This findings is consistence with Idachaba and Ayoola, (1995) who observed that improved agricultural helped in increasing agricultural productivity
