Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Deregulation (10)
- Nigeria (8)
- Downstream petroleum sector (5)
- Economic reforms (5)
- Oil and gas (5)
-
- Oil and Gas (4)
- Downstream Petroleum Sector (3)
- Economic Reforms (3)
- Economic growth (2)
- Interest rate (2)
- Malawi (2)
- Banking Sector (1)
- Banks and banking (1)
- Business growth (1)
- Cointegration (1)
- Commercial banking (1)
- Commercial banking system (1)
- Debt and debt sustainability (1)
- Development - Financial Sector (1)
- Domestic debt stock (1)
- Domestic debt sustainability (1)
- ECOWAS (1)
- Eco-currency (1)
- Economic Development (1)
- Economy Reforms (1)
- External debt (1)
- Financial reform (1)
- Financial reforms (1)
- Financial sector development (1)
- Financial sector reform (1)
Articles 1 - 25 of 25
Full-Text Articles in Social and Behavioral Sciences
Deregulation Of The Oil And Gas Industry In Nigeria, F. Kupolokun
Deregulation Of The Oil And Gas Industry In Nigeria, F. Kupolokun
Economic and Financial Review
This paper examine various developmental reforms in Nigeria Oil and Gas sector. The case study adopted is the survey method approach to ascertain various reforms in the sector. The findings revealed factors such as ( a) Petroleum Products scarcity ; (b) Funding problems for NNPC leading to irregular maintenance of refining and distribution facilities ; ( c) Refining capacity under-utilization ; ( d) Smuggling of Petroleum products; ( e) Divestment by marketers; (f) Wastages; (g) Adulteration of products and fire hazards; (h) Social and political unrest; (i) Poor economic growth; and (j) Rampant pipeline ruptures and vandalization. And, in tackling …
Privatisation Of Public Utilities In Nigeria, Mike I. Obadan
Privatisation Of Public Utilities In Nigeria, Mike I. Obadan
Economic and Financial Review
This paper reviews the experience so far with the privatization of public utilities. To this end, the paper is organized into five sections. In order to underscore the essence of the programme, Section II makes a strong case for the privatization of public utilities in Nigeria while Section III discuses the significance of strategy and regulation in privatizing public utilities. Section IV is a review of the privatization journey so far with respect to public utilities. The fifth Section contains the concluding remarks.
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Economic and Financial Review
The study found that real exchange rate has a positive and significant impact on growth, inflation has similar impact. Government fixed investment has negative significant impact on growth, and so does external debt. Fiscal deficit was found to have positive but insignificant impact on growth. As the period covered in the study contains twenty six pre-deregulation years, the influence of deregulation may not have been accurately captured. Partly to address this concern, a dummy variables was introduced for the SAP years. It was found not to be significant, implying that the (SAP) introduced since 1986 did not translate into long-run …
An Overview Of Nigeria's Economic Reform In-House Seminar On "Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector", For Cbn Executive Staff, G.J. Donli
Economic and Financial Review
The article discusses the different reforms adopted by different administrations in addressing the crisis faced by our economy since 1960, most especially the current reforms being pursued by the Obasanjo administration. To achieve this, the rest of the paper is divided into four parts. Part two gives an Overview of the State of the Nigerian Economy with greater emphasis on the various economic reform programs put in place by successive governments to fine tune the economy to desired results.. The third part reviews the Current Economic Reform with particular emphasis on the National Economic Empowerment and Development Strategy (NEEDS), while …
Opening Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, S. B. C. Ekpedekumo
Opening Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, S. B. C. Ekpedekumo
Economic and Financial Review
This is the opening remarks by S. B. C. Ekpedekumo, Acting. Director; Human Resources Department, central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25 . 29, 2004.
Keynote Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, Ernest C. Ebi
Keynote Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, Ernest C. Ebi
Economic and Financial Review
This is the Keynote address by Ernest C. Ebi, Deputy Governor Central Bank of Nigeria, Abuja, Central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Welcome Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, P. O. Okonkwor
Welcome Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, P. O. Okonkwor
Economic and Financial Review
This is the welcome address by P. O. Okonkwor, Branch Controller, Central Bank of Nigeria, Ilorin, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Special Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, 0. J. Nnanna
Special Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, 0. J. Nnanna
Economic and Financial Review
This is the special remarks by O. J. Nnanna, Director of Research, Central Bank of Nigeria, Abuja, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Pricing Of Petroleum Products In Nigeria And The Issue Of Price Subsidy, G. E. Ukpong
Pricing Of Petroleum Products In Nigeria And The Issue Of Price Subsidy, G. E. Ukpong
Economic and Financial Review
This article re-examines the policy on petroleum products pricing, especially against the background 'Of government's decision in October 2003 that crude oil for domestic consumption be paid for at the prevailing international price, in order to suggest a way forward. The issue of subsidy is also discussed in that context. The rest of the paper is organized as follows: Section II contains literature review on petroleum products pricing and subsidy. Petroleum products pricing and subsidy management in Nigeria is found in section III. Section IV contains suggested way forward in products pricing in Nigeria as well as concluding thoughts.
Funding Of Oil Sector Activities In Nigeria, G. Nzekwu
Funding Of Oil Sector Activities In Nigeria, G. Nzekwu
Economic and Financial Review
The article examines the funding of the Nigerian oil sector considering the special importance to Nigeria and the critical impact Nigeria's oil has on the world economy. Nigeria, currently the seventh largest oil producer in the world has an oil reserves which represent 6 percent of the world's total outside the Middle East. With 4 per cent of total global production, and the fifth-largest oil producer within OPEC, Nigeria is well located relative to the world markets and so attracts buyers from the major world economies. The article then examines how higher prices of Nigeria’s oil affect the global economy; …
Deregulation Of The Downstream Petroleum Sector: The Journey So Far, Oluwole Oluleye
Deregulation Of The Downstream Petroleum Sector: The Journey So Far, Oluwole Oluleye
Economic and Financial Review
This article examines deregulation of the downstream petroleum sector in Nigeria. The article first discusses: the Nigerian government's aspirations as at 1999, evolution of the present deregulation policy, deregulation concept and downstream operators. This is followed by an examination of the Nigerian government responsibilities to operators, responsibilities of oil marketing companies, responsibilities of industry associations and responsibilities of regulatory authorities. The article then explains the mandate and vision of the PPPRA in addition to its goals and objectives. Other issues addressed by the article include: appropriate pricing, global taxation scheme, policy development in fuel taxation objectives, appropriate pricing policy. Experiences …
The Social Implications Of The Deregulation Of The Downstream Petroleum Sub-Sector, Ogecbukwu Ugbam
The Social Implications Of The Deregulation Of The Downstream Petroleum Sub-Sector, Ogecbukwu Ugbam
Economic and Financial Review
This article examines the social implications of the deregulation of the downstream petroleum sub-sector in Nigeria. The deregulation of the downstream petroleum sector is part of the economic reform package of the present administration that is designed to among diversify the economic base of the country and reduce the relative dominance of the oil sector, and to create a vibrant sector that can respond to the rigors of market forces (NEEDS Document,). The article covers topics that include: an examination of the the downstream sub-sector and the rationale for deregulating the downstream sub-sector. This is that optimal allocation of resources …
Financial Reforms And Interest Rate Spreads In The Commercial Banking System In Malawi - A Review Financial Reforms And Interest Rate Spreads In The Commercial Banking System In Malawi By E. W. Chirwa And Mlachila, Imf Staff Papers, Vol. 51, No.1, 2004., R. O. Olaitan
Economic and Financial Review
The specific objective of the paper was to carry out an empirical investigation on the impact of financial sector reforms (pre-and-post liberalization periods) on interest rate spreads in the commercial banking system of the Malawian economy. The paper posits that pre-liberalization period of the Malawian financial sector was predominantly under the control regime. This policy regime also encompassed the country's monetary policy design and management. specifically, the ceiling on interest rates, credit limits, and the specification of a fixed exchange rate regime, among others.
Fiscal Sustainability In The West African Monetary Zone: Emerging Issues, Emmanuel Ating Onwioduokit
Fiscal Sustainability In The West African Monetary Zone: Emerging Issues, Emmanuel Ating Onwioduokit
Economic and Financial Review
The paper discusses the theoretical issues in assessing fiscal sustainability and adopted an eclectic approach to measure sustainability in the monetary zone and also identifies the need for further tax reforms in the WAMZ to focus on the broadly based taxes such as Value Added Tax (VAT).
Foreign Private Investment In Nigeria - 2003, Payments Of Payment Office
Foreign Private Investment In Nigeria - 2003, Payments Of Payment Office
Economic and Financial Review
In Part I, the flows of foreign investment by regions of origin, components and sectoral distributions are discussed. The cumulative and net foreign investments are analyzed in Parts II and Part III, respectively. Part IV focuses on foreign investment m the Manufacturing and Processmg sub-sector by industries and by regions. The cost and book values of the fixed assets of the establishments are examined in Part V, whtle the cumulative and current reserves for depreciation of these assets are presented in Part VI. The ownership structure and equity of the companies are presented in Part VII, while Part VllI summarizes …
On The Stability Of The Demand For Money Function In Nigeria, Dipo T. Busari
On The Stability Of The Demand For Money Function In Nigeria, Dipo T. Busari
Economic and Financial Review
Using the cointegration error correction approach on annual data for the period 1970-2002, the study estimated a money demand function for Nigeria and examined some stability issues.
Financial Sector Development And Economic Growth In Nigeria: An Empirical Investigation, J. Nnanna
Financial Sector Development And Economic Growth In Nigeria: An Empirical Investigation, J. Nnanna
Economic and Financial Review
In this paper, a single equation econometric model is specified to assess the impact of the Nigerian financial sector on economic growth. In recognition of the key role the financial sector plays in economic development, the paper recommends the sustenance of distress resolution initiatives, adequate capitalization of the banks, reduction of government dominance in the credit market, and a comprehensive approach to financial sector surveillance.
Some Recent Trends In Commercial Banking - A Review Some Recent Trends In Commercial Banking By Huberto M. Ennis, Federal Reserve Bank Of Richmond, Economic Quarterly, Volume 90/2, Spring 2004, M. K. Mba
Economic and Financial Review
The specific objective of the paper was to carry out an empirical investigation on the impact of financial sector reforms on interest rate spreads in the commercial banking system of the Malawian economy. A monthly panel data was used from five Malawian commercial banks covering a period of ten years.
Assessment Of Nigeria's Domestic Debt Sustainability, S.C. Rapu
Assessment Of Nigeria's Domestic Debt Sustainability, S.C. Rapu
Economic and Financial Review
This paper attempts to measure the sustainable domestic debt stock level of the Federal Government of Nigeria over a period of time. This is necessary, considering the growing proportion of the cost of domestic debt service in Federal Government total expenditure. The paper addresses definitional issues about domestic debt and domestic debt sustainability relative to national output as well as the necessary policy implications. It also examined the causes, size and growth, sources and structure. Using the budget constraint model relative to GDP, the paper concludes that under the current fiscal stance of primary deficit, the Federal Government domestic debt …
Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa
Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa
Economic and Financial Review
The document is based on the fiscal operations of major industrial countries and presents a major concern that it is not the size of the budget as a ratio of the gross domestic product (GDP) that matters, but the persistence of budgetary shortfalls during long periods of peace, when governments traditionally offset their debts and save for the future.
Does Money Matter? By Laurence H. Meyer In Federal Reserve Bank Of St. Louis Review Sept./Oct. 2001: A Review, Gloria A. Joseph-Raji
Does Money Matter? By Laurence H. Meyer In Federal Reserve Bank Of St. Louis Review Sept./Oct. 2001: A Review, Gloria A. Joseph-Raji
Economic and Financial Review
The major objective of the paper was to assess the influence of money and the role of monetarism in shaping the current thinking about macroeconomic modeling and the conduct of Monetary Policy in the United States. The author opined that the monetarist idea that Monetary Policy has responsibility for inflation was now conventional wisdom.
The Role Of Foreign Direct Investment And Natural Resources In Economic Development By Jose De Gregorio: A Review, P. D. Golit
The Role Of Foreign Direct Investment And Natural Resources In Economic Development By Jose De Gregorio: A Review, P. D. Golit
Economic and Financial Review
The paper analyzed the role of Foreign Direct Investment (FDI) and discussed the part played by natural resources in economic growth. Some of the issues regarding FDI in developing countries were considered, particularly, two issues highlighted in recent discussions and research. The first was whether and through which channels FDI affects economic growth. The second was the impact on economic growth of the exploitation of natural resources, normally developed by foreign investors. The policy implications regarding the treatment of FDI in developing countries were examined.
Debugging And Sanitizing The Nigerian Financial System., M. O. Kayode, Ayodele F. Odusola
Debugging And Sanitizing The Nigerian Financial System., M. O. Kayode, Ayodele F. Odusola
Economic and Financial Review
Using a concentric circle analysis, the paper provides a framework for examining the centrality of the borrower/ user or manager of funds in the stability of the financial system. The paper advocated among others, the rejuvenation of the value system, involvement of banks in project ideas and packaging, institutionalization and implementation of bankruptcy law as well as application of incentives and sanctions.
The Eco-Currency, Expectations And Business Growth In West Africa, O. J. Nnanna
The Eco-Currency, Expectations And Business Growth In West Africa, O. J. Nnanna
Economic and Financial Review
This paper shall examine the pros and cons of adopting the ECO in the WAMZ. The introduction of the ECO has the potential of enhancing trade within the WAMZ member states in the medium to long-term. However, the quest for a common currency must be driven by economic fundamentals, rather than political expediency. Consequently, there is need to ensure macroeconomic convergence and homogeneity of the financial and product markets before the ECO is introduced.
Determinants Of Public Sector Wages In Nigeria, Moses Kpughur. Tule
Determinants Of Public Sector Wages In Nigeria, Moses Kpughur. Tule
Economic and Financial Review
This paper discusses the determinants of public sector wages in Nigeria. Using quarterly time series data for 1970-2001, and employing the error correction methodology, the paper identified Trade Disputes, Cost of Living, previous Work Experience and Productivity to be the main determinants. It found the wage level to be inadequate for a decent standard of living, and noted the effects of inappropriate wages on public sector productivity to include personnel attrition, labour freelancing as well as corruption.