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Full-Text Articles in Social Statistics

Understanding Balance Of Payments And Its Link With Monetary Policy In Nigeria, Ocheuje Leonard Pius Jun 2021

Understanding Balance Of Payments And Its Link With Monetary Policy In Nigeria, Ocheuje Leonard Pius

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Developments in the balance of payments of any country is generally of interest to national policymakers, international investors, financial and economic analysts as well as international financial institutions. In recent times, Nigeria recorded persistent current account as well as overall BOP decits and these created discomfort among policy makers with regards to its sustainability and possible implications for the economy. This paper explores some of the major developments and trends in Nigeria's BOP as well as their interrelationship with other macroeconomic accounts. It also provided clarity to the structure and components of Nigeria's BOP statistics as compiled in line with …

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Corporate Income Tax And Manufacturing Sector Performance In Nigeria: A Panel Data Analysis, Ogudu George Nwoge, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi Dec 2018

Corporate Income Tax And Manufacturing Sector Performance In Nigeria: A Panel Data Analysis, Ogudu George Nwoge, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi

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The study examined the impact of corporate income tax on the performance of the manufacturing sector in Nigeria from 2013 – 2017. The ex-post facto research design was adopted for this study. The population of this study covered all the 23 registered manufacturing firms dealing with consumable foods in Nigeria. The sample of five manufacturing firms, dealing with consumable foods in Nigeria which represent 35% of the quoted manufacturing firms on the Nigerian Stock Exchange (NSE) market was selected for the study. This study made use of the fixed and random effect regression technique. The result showed that company income …

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An Empirical Analysis Of The Sacrifice Ratio In Nigeria, Ada Tony Odu, Onyebuchi David Anih Dec 2018

An Empirical Analysis Of The Sacrifice Ratio In Nigeria, Ada Tony Odu, Onyebuchi David Anih

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This study empirically investigates the existence of a sacrifice ratio for Nigeria and to measure it, if one exists over the disinflation episodes. The study adopted the Ball (1994) methodology and the Hodrick-Prescott (HP) filter technique to examine the cost of disinflation to Nigeria. Six (6) disinflation episodes were identified over the 2000Q1 – 2018Q2 period and the results obtained indicated varying amounts of output losses over the different episodes under study. The findings suggested that a 1% disinflation resulted in output losses ranging from - 0.02% to 0.44% for the Nigerian economy. Both methods, however, suggested that the latest …

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Financial Inclusion And People Living With Disabilities (Plwds) In Nigeria: A Disaggregated Analysis, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi, Odigie Joseph Ndidi Dec 2018

Financial Inclusion And People Living With Disabilities (Plwds) In Nigeria: A Disaggregated Analysis, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi, Odigie Joseph Ndidi

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This study investigated the level of financial inclusion and people living with disabilities (PLWDS) in Nigeria. The disaggregated analysis was employed in investigating the level of financial inclusion of PLWDs across the geopolitical zones in Nigeria. The instrument used to collect data was titled: Financial Inclusion of People living with Disability Survey Inventory (FIPWIDSI). The construct validity of the instrument was ensured using the Principal Component Analysis (PCA).The internal consistency was verified using Cronbach's alpha technique. Descriptive and influential statistics, Mean and standard deviation, Analysis of Variance (ANOVA) and Sidak multiple mean comparison Post Hoc test were employed for data …

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Does Changes In Monetary Policy Rate In Nigeria Have Effect On The Interest Rates? Recent Evidence, Saidu D. Ahmed, Aliyu B. Saidu, Umar A. Zubair Sep 2018

Does Changes In Monetary Policy Rate In Nigeria Have Effect On The Interest Rates? Recent Evidence, Saidu D. Ahmed, Aliyu B. Saidu, Umar A. Zubair

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The objective of this study is to find out whether changes in Monetary Policy Rate have any impact on interest rates in Nigeria. The study adopted Multiple Linear Regression Analysis to examine the effectiveness of changes in Monetary Policy Rate on movement in short term and long term rates in Nigeria. The study concludes that the MPR influences the 91-Day Treasury Bills rate to the greatest extent followed by the Inter-Bank Call rate. The results obtained from this study can be used to gauge the effectiveness of MPR in an economy like Nigeria where financial infrastructure is not fully developed.

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Renewable Energy Consumption And Economic Growth In Nigeria: A Co-Integration And Granger Causality Approach, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi Jun 2018

Renewable Energy Consumption And Economic Growth In Nigeria: A Co-Integration And Granger Causality Approach, Kingsley Imandojemu, Akinlosotu Nathaniel Toyosi

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The International Energy Agency (2017) reports affirmed that one in five people across the globe lack access to electricity and, about 2.8 billion people still lack access to clean cooking. The expected switch to liquefied petroleum gas (LPG), natural gas and electricity remains unimpressive. One-third of the world's population –2.5 billion people – still rely on the traditional use of solid biomass while another 120 million people cook with kerosene and 170 million with coal. Household air pollution from these sources is currently linked to 2.8 million premature deaths per year, and several billion hours are spent collecting firewood for …

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The Relevance Of Garch-Family Models In Forecasting Nigerian Oil Price Volatility, Garzali Muhammed, Bashir Umar Faruk Ph.D Jun 2018

The Relevance Of Garch-Family Models In Forecasting Nigerian Oil Price Volatility, Garzali Muhammed, Bashir Umar Faruk Ph.D

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This study aims at investigating the relevancy of GARCH - family models in measuring the Nigeria bonny light crude oil price volatility. The study also compares the forecasting power of different GARCH models with the aim of identifying the best forecasting model. The study uses the best GARCH family model to predict the future bonny light oil prices. The paper is structured into five sections. First section is introduction and second section is the literature review. The third section highlight the methodology while section four analyses the result and gives discussions of findings. Conclusion and recommendations are in the last …

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Geopolitical Tensions, Crude Oil Price And Output Dynamics: Implications For Fiscal Governance In Nigeria, Harrison O. Okafor Mar 2018

Geopolitical Tensions, Crude Oil Price And Output Dynamics: Implications For Fiscal Governance In Nigeria, Harrison O. Okafor

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This paper examined the linkages between geopolitical tensions, crude oil prices and oil output dynamics vis-a-vis the implication for fiscal governance in Nigeria. within a strategic game theoretical framework, anchored on moral hazard assumptions (incentive problem) and applying VAR model, findings indicate that geopolitical tensions affects Nigeria's bonny light crude oil price and export. Results also revealed that the timing and impact of geopolitical tensions last fairly long thus, could affect fiscal revenue and economic governance in Nigeria. Therefore, the paper recommends a complete diversification of the economy from oil will strengthen the nation's fiscal space and development planning.

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Understanding Economic Recession, The Role And Limitations Of Monetary Policy In Recovery, Mustapha Adewale Adigun Mar 2018

Understanding Economic Recession, The Role And Limitations Of Monetary Policy In Recovery, Mustapha Adewale Adigun

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This article examines the causes and effect of economic recession, highlights the role of monetary policy in economic recovery from a recession and proposes appropriate policy options to address the menace of recession with a view to promote economic recovery. Following the introduction, section 2 addresses the definition, causes, features and brief history, section 3 discuss recent economic recession in Nigeria, section 4 highlights the role of monetary policy and section 5 concludes the paper.

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Fintech As A Tool For Promoting Financial Inclusion And Economic Development In Nigeria, Mayowa O. Agbelusi Mar 2018

Fintech As A Tool For Promoting Financial Inclusion And Economic Development In Nigeria, Mayowa O. Agbelusi

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In Nigeria, 67% of the population lives below the poverty line. Access to basic financial services can make a significant difference in reducing poverty and financial technology has been used to enhance the provision of financial services to the poor and unbanked in sub-Saharan Africa. This paper seeks to highlight the nexus between financial inclusion and financial technology as well as how it can help reduce poverty in Nigeria.

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Monetary Policy Management In Nigeria Today: Issues In Stagflation And Recession, Moses K. Tule Mar 2018

Monetary Policy Management In Nigeria Today: Issues In Stagflation And Recession, Moses K. Tule

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This article explore the rare and challenging economic problem faced by Nigeria refers to as stagflation. i.e. a condition characterized by the co-existence of declining growth rates along with high unemployment and inflation rates. These negative economic development have raised major concern for policy makers and other economic agents because of the adverse effects on investment, financial stability and livelihood.

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