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Africa's Debt Burden In Historical Perspective, M. O. Ojo
Africa's Debt Burden In Historical Perspective, M. O. Ojo
Economic and Financial Review
The purpose of the paper is to outline the profile of Africa's debt burden since the early 1980s. The paper reviews the economic performance of African countries, trends in their external debt stock and structure as well as their debt burden measured by the conventional debt ratios. It also undertakes a review of the causes of increased debt burden of African countries. The major findings are that deteriorating economic performance in Africa since the early 1980s was accompanied by increased external debt burden fcatu1·ing lower export earnings, reduced income growth and mounting (paid and unpaid) external debt obligations. Some of …
Factors Affecting The Supply Of Paper In Nigeria, A. P. Awoseyila, K. M. Obitayo
Factors Affecting The Supply Of Paper In Nigeria, A. P. Awoseyila, K. M. Obitayo
Economic and Financial Review
This study reviews the developments in the paper industry with special focus on the supply and factors affecting the supply of paper in Nigeria. The study appreciates the strategic role of paper on socio-economic activities and is concerned with the downward trend in the supply of paper to the market. The data show the low capacity utilization and heavy revenue losses sustained over the years by the local pulp paper mills as well as the declines in the import supply of paper due to the scarcity of foreign exchange. The study attributes the factors constraining the supply of paper to …
Financing State Government Projects Through The Capital Market: Problems And Prospects, B. S. Adebusuyi
Financing State Government Projects Through The Capital Market: Problems And Prospects, B. S. Adebusuyi
Economic and Financial Review
The paper discuses the problems and prospects of raising funds from the capital market to finance state government projects. The need for viable alternatives to finance government projeds had not only been a topical issue but one that had engaged the attention of policy makers. This has arisen because conventional sources of government project financing have been proving increasingly inadequate. From a short review of available options for financing government projects such as statutory allocations, internally generated revenue, bank and non-bank domestic borrowings, donations and taxation, the paper discusses the relative advantages of capital market financing of government projects, principal …
Foreign Private Investment In Nigeria - 1992, Central Bank Of Nigeria Cbn
Foreign Private Investment In Nigeria - 1992, Central Bank Of Nigeria Cbn
Economic and Financial Review
The net flow of foreign private investment into the Nigerian economy in 1992 witnessed a substantial increase over the preceding year's level of 141,808.0 million to t48,264.2 million. The phenomenal jump was attributable to the renewed confidence in the economy by foreign investors. Gains from the current economy restructuring of the economy and the movement towards democratic government during the year were believed to be taking firm hold. Traditional investment flow components such as unremitted profits and changes in foreign share capital, which used to account for the substantial net inflows, dropped in 1992 from the previous year's levels. Trade …