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Articles 1 - 11 of 11
Full-Text Articles in Economics
Direct Payment Of Taxes Through Designated Banks., Mallam I. Usman
Direct Payment Of Taxes Through Designated Banks., Mallam I. Usman
Bullion
This paper examine the Federal Government policy on direct payment system of tax through designated Nigerian Banks. The main objective of the scheme is to improve the administration of taxation in Nigeria by making it more convenient to tax payers in terms of time saving, reducing the incidence of fraud which has, over the years, depraved Government of needed revenues, minimizing the risk of carrying cash, providing transparency and -improved accountability, and of course, enhancing revenue yield substantially.
Efficient Administration Of Credit For Small Scale Industrial Development., C. M. Anyanwu
Efficient Administration Of Credit For Small Scale Industrial Development., C. M. Anyanwu
Bullion
Industrial development involves the development of a technical arrangement that moves an economy from the traditional method of production to a more complex system of mass manufacture of a variety of goods and services involving technology and management techniques. Industrialization tends to propel growth and quicken the achievement of structural transformation and diversification of economies. It enables a country to utilize fully its factor endowments and depend less on the external sector for its growth and sustenance. Through industrialization, an economy gains the versatility and resilience that enable it to raise the standard of living of its people and cope …
Money Supply, Inflation And The Nigerian Economy, Paul A. Ogwuma
Money Supply, Inflation And The Nigerian Economy, Paul A. Ogwuma
Bullion
Experience in many countries, including Nigeria, show that fiscal policies, in particular, intended primarily to stimulate output growth and enhance real income often end up as a major source of financial imbalances and macro-economic instability. The accompanying high inflation has critical allocative and distributional implications that can be detrimental to the growth process. It is against this background that, this short paper attempts, to identify the relationship between monetary growth and inflationary developments in Nigeria and the implications for economic growth. Following this Introduction, Thus, the challenge of maintaining monetary stability has often been a difficult one, the world over, …
Research And Economic Policy In The Nigerian Public Sector., Ojo M. O.
Research And Economic Policy In The Nigerian Public Sector., Ojo M. O.
Bullion
The paper examines the role of research for economic policy management in the Nigerian public sector. The subject is treated comprehensively for the information of participants. It further discusses some conceptual issues, the policy framework for economic management, appraisal of policy research in the public sector, the observed problems in national policy research and some proposals for improvement.
Problems And Prospects In Agricultural Financing In Nigeria Under Economic Deregulation., Odu Paul C.
Problems And Prospects In Agricultural Financing In Nigeria Under Economic Deregulation., Odu Paul C.
Bullion
The paper focus on the government economic deregulation in Nigeria in 1986 which was discussed in sections. Section I of the paper reviews the trends in the agricultural finance sector before and during SAP. The perspectives of agricultural lending under deregulation is discussed ln section II. Section III analyses the formal and informal credit to agriculture, and section IV reviews the policy implications/solutions of deregulation under agricultural financing, while section V concludes the paper.
The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma
The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma
Bullion
To understand the role of the Central Bank of Nigeria in controlling the system under the prevailing functional arrangement, it would be necessary to relate the conceptual framework of monetary and banking system control to the Bank's experience. To this end, the paper is organised in five sections. After Section One which is the introduction, Section Two examines the conceptual framework of monetary and banking system control. This is followed by Section Three which reviewed the CBN's techniques of control and their changes over the years. Section Four appraises the control measures and ascertains their effectiveness while Section Five provides …
Diversification And Promotion Of Exports Of Nigeria's Energy Products., M. O. Ojo
Diversification And Promotion Of Exports Of Nigeria's Energy Products., M. O. Ojo
Bullion
Energy is a critical input in the economic development process. It is expended in one form or the other in agricultural production activities, especially food processing and transportation. and in the production of farm inputs such as fertilizer. pesticides and agricultural equipment. Energy is equally necessary for industrial operations or facilitating the running of plant and machinery of manufacturing units. It is also required for house-hold cooking & lighting and for the construction and operation of the infrastructure needed for schools, health care services and water sup-ply. Indeed, the levels of energy supply nd consumption are strong indicators of overall …
Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji
Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji
Bullion
Financial resources for growth are from several sources because no single source could provide the required funding. The major known sources of resources for growth are based to both the informal sector and formal sector activities which include the fiscal operations of the Government foreign sector transactions, capital market activities, and institutional savings mobilisation in the financial sector which is the focus of this paper. This paper is organised in five sections. The introduction constitutes Section One which provides the background, the objective and the organisation of the paper. In section Two, the conceptual framework of financial resource mobilisation is …
Fiscal Federalism: Revenue Allocation For Economic Development In Nigeria., T. O. Okunrounmu
Fiscal Federalism: Revenue Allocation For Economic Development In Nigeria., T. O. Okunrounmu
Bullion
From colonial administration to independence in 1960 and 35 years of self-rule, revenue allocation in the Federal Republic of Nigeria has had a chequered history. It has been subject of intensive lobbying by politicians in the attempt to have their wishes engrained in the Constitution. This paper is prepared in three parts. Part I is a theoretical overview of fiscal federalism while Part II reviews the Nigerian experience with Fiscal Federalism. Part III analyses proposals for an effective fiscal Federalism that would enhance economic development.
Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi
Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi
Bullion
Since the early 1980s, Nigeria has taken steps to evolve external debt management strategies encompassing refinancing, restructuring, buyback, collateralisation and debt conversion arrangements as well as issuing external borrowing guidelines. Although the county's external debt problem remains severe, judging both by the absolute level of the debt stock and the unsustainable trend of the various debt servicing ratios, such as debt stock/GDP, debt stock/exports and debt service/export earnings, it is generally acknowledged that the Government had made concerted efforts to address the problem. However, the domestic debt has not been given the same attention, if any at all. the domestic …
The Strategy And Financing Of Economic Recovery In Africa., Ubadigbo Okonkwo
The Strategy And Financing Of Economic Recovery In Africa., Ubadigbo Okonkwo
Bullion
The paper examines the impact of Structural Adjustment Programmes (SAP) on investment and growth in Africa and suggests the need for a new development paradigm. Working in partnership with the private sector, African Governments must establish a sound institutional and incentive framework for rapid growth. An alternative development strategy should be market-friendly and people-centred and must give priority to the accelerated expansion of exports and Small and Medium Enterprises (SMEs). In view of the bleak prospects for external financing, Africa must rely on domestic financial institutions and capital markets to mobilise the required financial resources for economic recovery.