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Full-Text Articles in Social and Behavioral Sciences

The Medium-Term Prospects For The Management Of Nigeria's External Debt., Paul A. Ogwuma Dec 1995

The Medium-Term Prospects For The Management Of Nigeria's External Debt., Paul A. Ogwuma

Bullion

The paper highlighted the antecedents to Nigeria's current debt problem and the efforts made so far to address it. It also assess the debt situation in the medium-term in the light of current economic development, including the prospects for its effective management and the policy implications.


Managing Self-Help Groups (Shgs) Linkage Programme For Effective Savings Mobilisation And Credit Delivery., Ernest E. Eyo Dec 1995

Managing Self-Help Groups (Shgs) Linkage Programme For Effective Savings Mobilisation And Credit Delivery., Ernest E. Eyo

Bullion

The article is an address by Eyo Ernest on the operations and problems of the Self-Help Groups (SHGs) Linkage Programme for Effective Savings Mobilisation and Credit Delivery*to date with a view to providing a basis for deliberation during the workshop and the role of banks ln the implementation of the Programme.


Financing Farmers' Cooperative Societies Under The Agricultural Credit Guarantee Scheme Fund (Acgsf): The Self-Help Groups (Shgs) Linkage Option., O. E. I. Ucheagwu Dec 1995

Financing Farmers' Cooperative Societies Under The Agricultural Credit Guarantee Scheme Fund (Acgsf): The Self-Help Groups (Shgs) Linkage Option., O. E. I. Ucheagwu

Bullion

This paper examine the performance of Cooperative Societies in credit utilisation under the Agricultural Credit Guarantee Scheme (ACGSF) for ease of presentation, the paper is divided into five parts. Part Ideals with the establishment of Agricultural Credit Guarantee Scheme (ACGS). Part II focuses on the performance of Cooperative Societies under ACGS. Part III discusses the concept of Self-Help Groups (SHGs) Linkage Programme as an improved model in rural credit Administration. Part IV examines the problems and prospects of SGHs as viable channels of credit; while Part V contains some recommendations and conclusion.


Agribusiness, The Environment And Sustainable Economic Growth In Nigeria., G. E. Ukpong Dr,, G. O. Evbuomwan, E. U. Ukeke, F. O. Afemo Dec 1995

Agribusiness, The Environment And Sustainable Economic Growth In Nigeria., G. E. Ukpong Dr,, G. O. Evbuomwan, E. U. Ukeke, F. O. Afemo

Bullion

The paper reviewed the performance of agribusiness in Nigeria in recent years and some major environmental problems which affected it, with a view to making some suggestions capable of fostering sustainable environment and growth of agribusiness in the interest of all economic agents.


The Significance Of The Oso Condensate Project In The Nigerian Economy, I. P. Ojinnaka Dec 1995

The Significance Of The Oso Condensate Project In The Nigerian Economy, I. P. Ojinnaka

Bullion

This paper outlines the historical background and financing of the Oso condensate project, examines the benefits of the project in terms of revenue expectation, infrastructure development, employment and investment opportunities, benefit to the communities and owners of the project, as well as underline the potential constraints. For the ease of presentation, the paper is organised into sections and an introduction. Section I describes the features of the project while section II analyses the benefits. Section III outlines the potential constraints and section IV is summary and conclusion.


The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe Dec 1995

The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe

Bullion

This paper examines the factors constraining the growth of non-oil exports with a view to suggesting solution to redress the situation. In order to execute the task effectively, the rest of the paper is divided into four parts. Part two provides the macroeconomic background to export trade in Nigeria and reviews external trade policies that have been put in place by government. In part three, the issues involved in export promotion, financing and marketing are highlighted, simultaneously an x-ray of the institutional structure on which the sector relies. In part four, the authors analyse the impact of policies on the …


On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi Sep 1995

On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi

Bullion

The paper analyses the real issue in Universal Banking. Highlighting the global spread, the concept, the alternative approaches to Universal Banking as while the pros and cons. The author of the view that Universal Banking cannot deal with the inefficiencies and distortions in the system nor will it make a distressed merchant bank viable.


Problems And Challenges Of Developing An Efficient Payments System In Nigeria., Paul A. Ogwuma Sep 1995

Problems And Challenges Of Developing An Efficient Payments System In Nigeria., Paul A. Ogwuma

Bullion

This papers emphasizes two main issues, namely, the prospects for modernizing Nigeria's payments system and what needs to be done in our circumstances to achieve this objective. Modernization of the payments system implied less reliance on cash transactions and increased use of cheques and related instruments, including electronic payment instruments


Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit Sep 1995

Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit

Bullion

The rapidly unfolding development's in the world economy in recent times, have led to resurgent calls for moves towards currency convertibility (basically, the unrestricted use of a country's currency for international transactions, allowing it to be freely exchanged for foreign currencies) as a part of the process of integration into the world market economy. This paper seeks to discuss the issues and prospects of naira convertibility. The paper is divided into four parts. Part 1 discusses the various concepts of and preconditions for currency convertibility. Part II, evaluates Nigeria's economic conditions in relation to the issue of convertibility. In Part …


Structural Adjustment And Credit Delivery To Smes In Developing Countries., Ubadigbo Okonkwo Sep 1995

Structural Adjustment And Credit Delivery To Smes In Developing Countries., Ubadigbo Okonkwo

Bullion

In this paper, an attempt was made to analyse the impact of SAP and related financial reform on SMEs. The experience of East Asian economies has shown that Governments can intervene successfully in financial markets by creating financial institutions and directing credit in ways that promote both economic stability and growth. Other developing countries can draw useful lessons from the East Asia experience.


Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna Sep 1995

Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna

Bullion

This paper seeks to appraise the development of equipment leasing in Nigeria. To this end, the paper is divided into four sections. Section 1 discusses the evolution and historical background to equipment leasing as well as its trend in Nigeria. Section 2 states the types of leases and the structure of assets leased in Nigeria. Sections 3 examines the advantages and disadvantages of leasing in general, and the major constrains to the development of this industry in Nigeria. Section 4 recommends policies and concludes the paper


Investment Opportunities In Nigeria’S Gas Industry, F P. Odinnaka Sep 1995

Investment Opportunities In Nigeria’S Gas Industry, F P. Odinnaka

Bullion

This paper examines investment opportunities in the industry, especially opportunities for both foreign and domestic entrepreneurs in small and medium scale enterprises. In doing this, the paper analyses statistics on natural gas, reviews various gas projects and examines investment opportunities in the gas industry. The rest of the paper proffers some policy recommendations and ends with a summary and conclusion.


Structural Adjustment Programmes And External Trade In Developing Countries: Lessons For Nigeria, E. E. Inang Jun 1995

Structural Adjustment Programmes And External Trade In Developing Countries: Lessons For Nigeria, E. E. Inang

Economic and Financial Review

The failure of trade liberalization in developing countries is attributed to the economic dependency relationships initiated during the colonization period when the developed countries exploited their colonies as a source of cheap raw materials. After independence, and especially in the 1970s and 1980s, most sub-Saharan African countries experienced stagnation and decline in their share of world trade. The introduction of the structural adjustment programmes with its attendant trade liberalization prescriptions has further worsened the terms of trade in developing countries. Neither complete trade liberalization nor complete protectionism can be of benefit to developing countries. These countries need to reduce the …


Trends In Nigeria's Balance Of Payments (1980 - 1994), E. U. Olisadebe Jun 1995

Trends In Nigeria's Balance Of Payments (1980 - 1994), E. U. Olisadebe

Economic and Financial Review

This paper examines trends in Nigeria's balance of payments. Factors which have contributed to the continuous weakness of Nigeria's balance of payments include the poor performance of non-oil exports, fluctuations in crude oil prices, payments for the provision of international services, e.g., shipping, insurance, tourism, the low level of income from direct Nigerian investments abroad and high debt service payments. More fandamental problems underlie these factors.' a hostile international environment; a deterioration in terms of trade; a huge external debt servicing; slippages in fiscal and monetary policies and inappropriate exchange and interest rate policies. The failure of policy reforms to …


Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu Jun 1995

Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu

Economic and Financial Review

The purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and …


Intersectoral Financing In Nigeria, 1989 - 1992, Central Bank Of Nigeria Cbn Jun 1995

Intersectoral Financing In Nigeria, 1989 - 1992, Central Bank Of Nigeria Cbn

Economic and Financial Review

Policy changes following the Structural Adjustment Programme (SAP) have had remarkable effects on the movement of funds between major sectors of the economy. The behaviour of economic aggregates over the period 1989 - 1992 showed that large transactions occurred in government debt instruments, the domestic loans and advances market and currency and deposits of financial system. Fund flowed from the households sector to the Federal Government and business sectors. The financial sector re/arms, including the interest rates deregulation, resulted in domestic savings exceeding capital formation, and contributed to the expansion in money supply. Lending activity of the banking system showed …


The Challenges For Economic Management In Nigeria, M. O. Ojo Jun 1995

The Challenges For Economic Management In Nigeria, M. O. Ojo

Economic and Financial Review

The paper undertakes a critical evaluation of economic management strategies and associated programmes in Nigeria in the last twenty-five years in the context of its overall goals of increased prosperity for the populace, equitable distribution of achieved prosperity and sustaining the levels of living standards. The findings indicate negative outcomes in respect of these basic objectives. The paper then identifies some critical areas of economic management that have constrained full commitment to the pursuit of the primary goals as a result of which some policy recommendations are proposed. These include the need for macroeconomic stability, reduction and rationalisation of public …


1995 Monetary Policy- Press Briefing, Paul A. Ogwuma Dr. Mar 1995

1995 Monetary Policy- Press Briefing, Paul A. Ogwuma Dr.

Bullion

This is press briefing by the Governor of Central Bank of Nigeria. It is aimed at providing detailed elaboration on the policy thrust and modus operandi of the monetary and foreign exchange policy measures for 1995.


Budget Of Renewal 1995, Sani Abacha General Mar 1995

Budget Of Renewal 1995, Sani Abacha General

Bullion

The paper contains the 1995 Budget speech of the Head of State and Commander-in-Chief of the Armed Forces of Nigeria, General Sani Abacha.


Fiscal Policy Issues And Expenditure Programme Under The 1995 Federal Budget., Okunrounmu T. O. Mar 1995

Fiscal Policy Issues And Expenditure Programme Under The 1995 Federal Budget., Okunrounmu T. O.

Bullion

This paper examines the role of the Federal government of Nigeria in the management of the economy through budgeting. This paper was discussed in sections. Section I reviews the fiscal policy issues of the budget while Part II analyses the expenditure programme of the budget. Part III appraises briefly the prospects of achieving the macroeconomic objectives proposed In the budget. The paper is concluded with a summary.


Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo Mar 1995

Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo

Bullion

The focus of this paper is on the role of monetary policy in the budget. It outlined and analyse the monetary programme which forms part of the macroeconomies policy framework of the Budget.


Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1995 Fiscal Year., Ogwuma Paul A. Dr, Mar 1995

Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1995 Fiscal Year., Ogwuma Paul A. Dr,

Bullion

The Circular outlined the monetary, credit, foreign trade and exchange policy guidelines applicable to banks and other financial institutions in the 1995 fiscal year.


The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi Mar 1995

The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi

Economic and Financial Review

Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.


A Review And Analysis Of Agricultural Prices In Nigeria, 1977 - 1993, O. O. Akanji, E. U. Ukeje Mar 1995

A Review And Analysis Of Agricultural Prices In Nigeria, 1977 - 1993, O. O. Akanji, E. U. Ukeje

Economic and Financial Review

This paper reviews and analyses the various prices that have been in existence in the agricultural sector since the re-organization of the produce marketing system in 1977 to the present free market system. It was observed that a close relationship existed between the market prices and the determined prices. However, some upward revisions in the official prices were found to be neither rational nor based on any concrete study. Moreso, most commodities were implicitly taxed during the period 1977-1985. The increases in the prices recorded between 1986 1993 due to market liberalization had an added problem of marketing. The domestic …


Eradication Of Banking Malpractices In Nigeria: Will Law Alone Succeed?, I. Joe Goldface-Irokalibe Mar 1995

Eradication Of Banking Malpractices In Nigeria: Will Law Alone Succeed?, I. Joe Goldface-Irokalibe

Economic and Financial Review

The place of banks in the economic life of any nation is so strategic that every effort is made by the appropriate national authorities to regulate and effectively supervise banking business. This objective is often achieved through the mechanism of laws designed to purge the banking system of diverse frauds, and malpractices. This paper presents a general compendium of the socio-economic, as well as the cultural background that foster and sustain banking frauds and diverse malpractices in Nigeria. This is followed by an analysis of the various types of malpractices prevalent in the banking system, among which are malpractices by …


Human Development Report 1994 By The United Nations Development Programme (Undp), New York, A. I. Arinze Mar 1995

Human Development Report 1994 By The United Nations Development Programme (Undp), New York, A. I. Arinze

Economic and Financial Review

The central focus of the UNDP 1994 Human Development Report on sustainable human development makes its review essential due to the current global concern on sustainable economic development. The 1994 UNDP Human Development Report is divided into five major chapters. Chapter one defines the universalism of life claims and emphasizes the need for strategic planning towards sustainable human development. Chapter two highlights four essential characteristics of the new dimensions of human security, names two main components of human security and identifies eight threats to human security. Chapter three discusses disarmament in industrial and developing countries and the future of world …


Open Market Operations In 1994, P. A. Akatu, S. N. Ibeabuchi Mar 1995

Open Market Operations In 1994, P. A. Akatu, S. N. Ibeabuchi

Economic and Financial Review

In line with the objectives of the monetary policy in 1994, the CBN achieved a substantial reduction of its holding of treasury bills through open market operations that were aimed at slowing down the growth of base money and money supply. While the volume of open market sales suffered apparently from the initial market reactions to the budget for fiscal 1994 and later the political and industrial unrest, such sales reached record levels in the fourth quarter of the year. However, OMO largely responded to the short-term portfolio preferences of banks and did not translate into an overall pressure on …