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Articles 1 - 12 of 12
Full-Text Articles in Economics
The Performance And Future Of Mandatory Allocation Of Credit To Selected Sectors In The Nigerian Economy, J. A. Babalola, F. O. Odoko
The Performance And Future Of Mandatory Allocation Of Credit To Selected Sectors In The Nigerian Economy, J. A. Babalola, F. O. Odoko
Economic and Financial Review
The paper examines the performance and likely future trend of mandatory credit allocation to selected sectors of the Nigerian economy. The result reveals that during both the pre-SAP and the SAP years, performance was below target. In terms of future mandatory a/location of credit by banks, the paper notes that instead of 'prescribing the total amount by which banks can expand credit, discretion should he given to banks to allow market forces to determine the allocation.
Export Processing Zone Programmes: Lessons For Nigeria From Other Countries, E. B. Hogan, E. A. Onwioduokit
Export Processing Zone Programmes: Lessons For Nigeria From Other Countries, E. B. Hogan, E. A. Onwioduokit
Economic and Financial Review
The monumental success of the export-oriented South-East Asian countries has engendered a shift in emphasis among other developing countries towards export oriented development strategy in recent times. This paper examines the export processing programmes in Nigeria, drawing from the experiences of other countries where the programme is operational. The analysis confirms that the nature and extent of incentives available in Nigeria's EPZ scheme compares favourably with those provided by similar schemes elsewhere. However, the same cannot be said of infrastructural facilities such as roads, railways and communication. The need for improvement in these facilities is emphasized. Also, security, which is …
Foreign Private Investment In Nigeria - 1994, Central Bank Of Nigeria Cbn
Foreign Private Investment In Nigeria - 1994, Central Bank Of Nigeria Cbn
Economic and Financial Review
The netjlow of foreign private investment into the Nigerian economy in 1994 reduced drastically to N3,907.2 million from N32,994.4 million recorded in the preceding year. The sharp decline was attributable to the unstable business environment which resulted from political agitation and labour unrest during the review period. Contributions of all the investment flow components fell, especially changes in foreign share capital and trade and suppliers credit facilities which plummeted to N429. 5 million and N214.8 mil/ion.from N5,0ll.4 and N17,803.l million recorded in the preceding year, respectively. While investments of all the other regions declined, investment flows.from companies of Asian origin …
Monetary Policy And Commercial Bank's Performance In Nigeria: Some Theoretical And Empirical Extensions, Michael O. Nyong
Monetary Policy And Commercial Bank's Performance In Nigeria: Some Theoretical And Empirical Extensions, Michael O. Nyong
Economic and Financial Review
This study provides richer insights into the performance of commercial banks in Nigeria using more indicators and more refined methodologies. It sheds more light on the critical factors responsible for differential performance among the banks. The high levels of profitability declared by banks in the light of their high levels of under-capitalization imply excessive risk-taking which is incompatible with prudent banking behaviour. We also found that the size of banks exert a positive and statistically significant effect on their performance. The result suggests that the promotion of large banks may be in the interest of maintaining a safe and sound …
Ashwani Saith. The Rural Non-Farm Economy: Processes And Policies (Geneva, Ilo) 1993., S. O. Etafo
Ashwani Saith. The Rural Non-Farm Economy: Processes And Policies (Geneva, Ilo) 1993., S. O. Etafo
Economic and Financial Review
The study examines the likely impact of rural, non-farm economy (RNFE) growth on rural inequalities and agrarian differentiation processes; possible demand constraints; and the success or failure of specially targeted rural, non-farm programmes (for example, Graneen Bank in Bangladesh, the People's Commune in pre-1978 rural China and IRDP interventions in India). The author establishes economic conditions and institutional environment that would enable the RNFE to grow, with a decisive impact on rural poverty. The study, intended to be a precursor to a full-length study of the rural, non-farm economy (RNFE) in developing economies, runs into five chapters. Chapter 1 is …
The State Of The Nigerian Petroleum Industry: Performance, Problems And Outstanding Issues, M. O. Ojo, B. S. Adebusuyi
The State Of The Nigerian Petroleum Industry: Performance, Problems And Outstanding Issues, M. O. Ojo, B. S. Adebusuyi
Economic and Financial Review
This paper examines developments in the Nigerian petroleum industry in view of its prominent role in the economy and notes outstanding issues and other relevant policy implications. The paper also discusses the industry's organizational and operational structure and assesses its performance in terms of production, local consumption and exports of crude oil and refined products as well as oil revenue. Major findings are that although the sub-sector continues to account for the bulk of federally-collected revenue, the growth in crude oil output, average crude export volume as well as refined petroleum products consumption have been declining, while the performance of …
Catherine Bonser-Neal. "Does Central Bank Intervention Stabilize Foreign Exchange Rates? Economic Review, Federal Reserve Bank Of Kansas City, Vol. 81, No. 1, First Quarter 1996 (14pp), Peter I. Nwaoba
Economic and Financial Review
The paper tried to establish whether central bank intervention could reduce exchange rate volatility by stopping speculative attacks against a currency. The author's concern centered on the fact that exchange rate volatility has increased since the adoption of flexible exchange rate system in 1973 and the subsequent interventions by most central banks. She observed that many European countries have intervened in foreign exchange markets when deemed necessary to reduce volatility and possibly keep exchange rates within a band around a target rate. But opinions still differ on whether these interventions could stabilize exchange rates. The paper, therefore, sought to present …
On Early Warning Models For The Identification Of Problem Banks In Nigeria, Sani I. Doguwa
On Early Warning Models For The Identification Of Problem Banks In Nigeria, Sani I. Doguwa
Economic and Financial Review
This paper proposes alternative early warning models which could be helpful in identifying problem banks in Nigeria. The models rely on the /ogit-analytic technique and the use of financial ratios derived from the monthly returns the licensed banks render to both the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC). The two separate models, each developed for commercial and merchant bank, are more efficient in that they drastically reduced the mis-classification errors inherent in other failure prediction models developed in the past. To illustrate the applications of the models for policy, an appraisal of the financial condition …
Cho Tae-Hyon: "Foreign Direct Investment In Korea: Recent Trends And Changes To Improve The Investment Environment", Korea Exchange Bank Quarterly, First Quarter, 1995, Vol. Xxx, No. 1, N. C. Oputa
Economic and Financial Review
Korea opened its doors to foreign investors in 1962 to raise capital for economic development. As at end-1994, the total accumulated volume of Korea's Foreign Direct Investment (FOI) on an approved basis amounted to US $12,525 million financing 4,709 projects. The conclusion of the Uruguay round and the establishment of the World Trade Organisation (WTO) which linked the global economy to free flows of trade and investment, are new challenges facing Korea in the search for ways to cope with the emerging era of unlimited competition. Tae-Hyon's paper attempts to review the trends in FDI and the recent incentives to …
Further Empirical Analysis Of Inflation In Nigeria, O. M. Fakiyesi
Further Empirical Analysis Of Inflation In Nigeria, O. M. Fakiyesi
Economic and Financial Review
This paper analyses the main factors which influence inflation in Nigeria with a view to determining the relevant policy instruments that will reduce it. The empirical analysis confirms the findings of earlier studies that monetary expansion significantly influences the rate of inflation in Nigeria. The other dominant factor is the exchange rate which has a significant and positive impact on inflation. Growth in real income and level of rainfall are also significant in explaining inflation in Nigeria.
An Empirical Analysis Of The Prices Of Nigeria's Agricultural Export Commodities, Grace O. Evbuomwan
An Empirical Analysis Of The Prices Of Nigeria's Agricultural Export Commodities, Grace O. Evbuomwan
Economic and Financial Review
The study examines the role of price incentives in expanding agricultural commodity exports. Using the concept of efficiency, based on the theory of opportunity cost, nominal and effective protection coefficients (NPC & EPC) were estimated for cocoa, coffee, cotton, palm kernel, palm oil, rubber and soyabean. Their world market prices served as the efficiency benchmarks in order to determine the pattern of incentives or disincentives to the Nigerian agricultural export sector. The NPC values obtained ranged from 0.47 for cotton to I. I 8 for soyabean pre-Structural Adjustment Programme (SAP) and during the SAP the values ranged from 0. 63 …
Economic Growth And Foreign Debt: A Case Study Of Nigeria, J. O. Ashinze, E. A. Onwioduokit
Economic Growth And Foreign Debt: A Case Study Of Nigeria, J. O. Ashinze, E. A. Onwioduokit
Economic and Financial Review
In this study, a macro-economic model is used to examine the relationship between external debt and economic growth in Nigeria. The study has established empirically that foreign credit only contributed positively to growth between 1988 and /992 when the resources mobilized externally were used in directly productive activities. However, between 1979 and /987 as well as the period /993-/994, there was a negative relationship between foreign capital and growth. Among other factors, policy inconsistencies, drying up of external assistance and political instability were identified as the main factors that militated against foreign credit-induced growth of the Nigerian economy.