Economics Commons^™

Emerging Service Sector In India, P K Sinha

IIMB Management Review

No abstract provided.

Undp "Human Development Report, 1991" New York, Oxford University Press, 1991, S. C. Rapu

Economic and Financial Review

The basic theme of the 1991UNDP'sHuman Development Report is °Financing Human Development". 'The report focusses on the need to enlarge the range of policy choices for a meaningful development of human resources. These choices include access to income and employment opportunities; education and health care services and clean and safe physical environment.

The Relation Of Cbn With Other Banks Under The New Cbn Decree No 24, Sadiq M. A.

Bullion

This paper examines the work of Central Bank of Nigeria Decree No. 24 with relation with other financial institution. The study provided a window of assessment on some of functions of the bank, with a view to proffer a seamless solution to some of the impediments.

Miscellaneous Matters And Prudential Guidelines, Ebhodaghe John

Bullion

The banking industry is generally considered to be more regulated thon any other sector of the economy, This is largely due to the crucial role of financial intermediations played by the operators ln the industry. The review of the bonking lows particularly in on era of deregulation should therefore be seen as on important effort to enhance the efficiency, soundness and stability of the banking system. The regulatory and supervisory authorities are committed to safe and sound banking system and would therefore ensure compliance with all laws and regulations. lt would be seen from sections 46 mentioned above and other …

The Role Of Agro-Industries In Promoting A Food Culture In Nigeria, M. O. Ojo

Economic and Financial Review

The paper discusses in a general way the role of agro-industries in the promotion of a Nigerian food culture. It observes that the agro-industrial and trade policies pursued in the 1970s and early 1980s contributed immensely to a food habit characterised l1y preference for foreign and imported foods. Agro-industries in the present economic environment can contribute positively to the development of a Nigerian food culture through corporate promotions, investments in the production of local foodstuffs and funding of relevant research and development. The paper concludes that agro-industries should be supported in the development of an indigenous food culture by fostering …

Infusion Of Private Sector Capital In Rural Infrastructure Building In Lagos State, E. D. Balogun

Economic and Financial Review

This paper recognizes the constraints imposed l7y the weak rural infrastructure base in Lagos State given the swampy/riverine nature of her landscape and notes the dim prospects for overcoming them through public investments alone. Although the study recognizes that rural infrastucture is a public good, several cases are cited to show that private sector initiatives in the provision of rural infrastructural facilites and services can be successful. Among the financing mechanisms for infusing private sector capital into rural infrastructure building include rural development levies, strengthening of rural financial markets and special aids/grants from private and non-governmental agencies. For· these initiatives …

Industrial Development Coordinating Committee (Idcc) And Foreign Private Investment (Fpi) In Nigeria, J. A. Aremu

Economic and Financial Review

Policies that attract foreign private investment (FPI) have become the focus of considerable attention in many developing countries particularly since the beginning of the debt crisis in the 1980s. As part of Nigeria's strategy to stimulate foreign investment, the Federal Government of Nigeria established the Industrial Devel,opment Coordinating Committee (IDCC) in 1988 as a one-stop agency for facilitating andattractingforeign investment inflow. A study was initiated by the Research Department to assess the role of IDCC so far in stimulating the desi,:ed level of foreign investment in Nigeria. The study shows that IDCChasbeenrelativelyineffectiveasjudgedbytheforeigncapitalinflowwhichresultedfromtheIDCC's approved enterprises. The expected foreign capital inflow stood …

Foreign Private Investment In Nigeria In 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

Although the report of the 1989 survey showed that for the first time ever, a net outflow was recorded by the foreign private enterprises in Nigeria, the development was a welcome one. The easier access to foreign . exchange which led to a net capital outflow of N439.4 million was made possible through the creation of new outlets for the purchase of foreign exchange introduced in 1989. The Bureau de Change which took off in mid -1989 was put in place by the federal government to compete with the informal parallel market and thus expand the foreign exchange market. Also, …

Cohen, Daniel, "The Management Of The Developing Countries' Debt: Guidelines And Application To Brazil" The World Bank Economic Review, Vol 2, No 1, January 1988, O. M. Fakiyesi

Economic and Financial Review

In this paper, the author articulates some basic principles which may be useful in formulating an effective debt management strategy for developing countries, using Brazil as a case study. He outlines the principles into four broad categories viz: Stretching out the Repayment of the Debt; Monitoring the levels of Exports and GDP; Ignoring the Creditors' Capital loss and Watching the Domestic Deficit..

Bautista, R.M. "Agricultural Growth As A Development Strategy." Economic Impact No. 66 Pp. 24-28 1989, L. I. Odey

Economic and Financial Review

In this paper, the author attempts a further exposition on the on-going debate on the feasibility of adoption of an export-led strategy of economic development which considers" Agriculture- first" as the engine of growth. The au~or strongly supports an agricultural-based development strategy because it is capable of generating mass employment, it is anti-poverty as well as being an hl.come redistribution programme. This strategy, he reasons, should be particularly appealing to countries with a heavy debt service burden since it is a foreign-exchange conserving programme given the lowerimporrrequirements of agricultural growth and itslinka,geeffectscompared with those of industry-led import substitution strategy. He …

Metropolitan Report - October 21, 1991, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans

UNO Metropolitan Report (1986-2017)

No abstract provided.

Central Bank Of Nigeria Decree No. 24 Of 1991 And Banks And Other Financial Institutions Decree No. 25 1991, Bola Ajibola

Bullion

This is the keynote address delivered by the Honourable Attorney General of the Federation and Minister of Justice, on Central bank of Nigeria Decree No. 24 of 1991 and banks and other Financial Institutions Decree No. 25 1991.

Update - September 1991, Loma Linda University Center For Christian Bioethics

Update

In this issue:

-- Business and Medicine: Are They Ethically Compatible?

-- [ A Standard Level of Health Care to All: A Moral Obligation? ]

-- Loma Linda University reorganizes the Center for Christian Bioethics

An Econometric Analysis Of The Nature And Causes Of Inflation In Nigeria, J. O. Asogu

Economic and Financial Review

In this econometric revisitation of inflation in Nigeria, an extensive review of the literature and evidence has been attempted culminating in a specification of the various alternative hypotheses on the causes of inflation. While not ruling out the validity of several theories of inflation in the Nigerian situation, empirical evidence indicates that increases in real domestic produce or supply situation, especially food, and law cost of production of consumables, tended to ameliorate inflation. On the other hand, increases in government expenditure, especially deficits, tend to increase the money supply and worsen depreciation of the exchange rate, which in turn intensify …

A Review Of The Federal Government Fertilizer Subsidy Scheme In Nigeria, Grace O. Evbuomwan

Economic and Financial Review

This paper reviews the fertilizer subsidy scheme in Nigeria. Using descriptive statistics and econometric methods, the study shows that farmers' access to fertilizer has improved since the commencement of the subsidy scheme in 1976 and the direct involvement of the Federal Government in the procurement and distribution of the input. This also coincided with the period when remarkable improvements were recorded in the yield of virtually all the major crops, especially staples. The econometric analysis confirms that a positive correlation exists between fertilizer supply/consumption and output, while the level of subsidy on the input influences its consumption (utilization) and tends …

Stephen A. Meyer: "The U.S. As A Debtor Country: Causes, Prospects And Policy Implications" Business Review, Federal Reserve Bank Of Philadelphia, November/December, 1989 (13pp), P. I. Nwaoba

Economic and Financial Review

The author's focus in this paper is the analysis of the implications of increased net debt claims on the United States. In his opinion, while net inflow of foreign investment is welcome, there is the fear that excessive net claims on a country like U.S.A. may constitute a problem in the long-run. The author's concern centres on the probable adverse consequences of the growing status of U.S.A. as a net debtor nation and the implication for future generations of Americans in terms of standard of living and debt service burden. It is the author's view that this might also lead …

Understanding Nigeria's Flow Of Funds Accounts, Odoko F. O.

Bullion

The describes the flow of funds system of accounts and also indicate its analytical uses including how a change in real activity has been financed, the forecasting of interest rates and the effects of economic policy changes. The major steps in the preparation of the accounts were outlined. ln particular, the author indicated that sectoring in FOF accounts is institutionally defined. Some of the basic data are available only after a considerable delay, e.g., national accounts figures, while others have to be estimated (households) leading to residual errors, Nevertheless, the flow of funds system serves as a useful instrument even …

Adjustment Issues In Nigeria: Problems And Prospects, J. K. A. Olekah

Bullion

This paper examines adjustment issues in Nigeria, with emphasis on identifying outstanding and emerging problems after SAP, ln achieving the above objective, the paper is divided into three ports as follows: Part I, discusses the main economic problems three years of Pre-SAP as well as analysing trends in major economic indicators and the factors underlying the trend, The main element and policy strategies of SAP are also examined in this part. Part ll analyses, three years of post-SAP with the view to highlighting outstanding and anticipated problems while Port lll is the prospects and concluding summary.

Government Industrial Policies In Respect Of Small And Medium Enterprises In Nigeria, K. M. Obitayo

Bullion

The paper examines various government policies and their effects on the survival and growth of SMEs. It examines the concept of small or medium scale enterprise, what factors militate against their survival, growth and proliferation for which government policies have been formulated to address. The paper is structured broadly into four sections The first section gives an overview of the definition of SMEs, their characteristics and roles as well as recognised problems. Section ll discusses government policies for promoting SMEs. It reviews the monetary and fiscal policy measures adopted in respect of SMEs in Nigeria. Section lll appraises the impacts …

Nigeria's Insurance Industry In 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

The growth in the number of insurance companies in Nigeria between 1988 and 1989 revealed the preference of the investors in the industry towards non-life underwriting business. In addition, only one out of the six new entrants into the industry was jointly owned. The unattractiveness of the industry to foreign investors was partly due to the perceived decreasing prosperity in the business as well as the unfavourable investment climate of the Nigerian economy. With many of the insurance companies now scheduled to be privatised, greater efficiency is expected in their operations, particularly among those previously controlled by the government. In …

Regling, Klaus P. "New Financing Approaches In The Debt Strategy" Finance And Development: March 1988, Vol. 25, No. 1, Pp.6 - 9, G. C. Onuoha

Economic and Financial Review

The review summarises the author's analysis of the various financing techniques. Apart from a few technical points, the write up is self-explanatory and interesting to read. Discussed in it are some of the advantages and constraints in the use of some of the financing techniques. While agreeing with the author on some of the advantages and shortcomings of the financing techniques, there is the need to point out issues which the author failed to take into consideration.

The People's Bank Of Nigeria: Review And Update, J. A. Babalola

Bullion

The paper reviews the establishment of the People's Bank in Nigeria. The paper is divided into five sections, Section one gives background to the establishment of the People's Bonk in Nigeria, section two discusses the concept and operational features of the Bank, section three appraises the operations, section four looks at the likely problems the Bank may face, while Section five discuses the prospects and conclude the Paper.

The Role Of The Central Bank Of Nigeria In Promoting Agricultural Production And Export Trade In Nigeria, I. G. Garba

Bullion

The paper examines Central Bank of Nigeria’s (CBN) engagement in a variety of activities in the form of policies, programmes and project for the development of the Nigerian economy. ln particular, the promotion of agricultural production and export trade has been pursed to varying degrees using various policy instruments at its (CBN) disposal under changing national and international economic and political climate. The paper examine the development in these two key and complimentary activities and highlighting the changing economic situations. The prospects for the future are discussed based on the lessons of past experiences. The paper is rounded up with …

Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria

CBN Statistical Bulletin

The financial statistics section offers comprehensive data on various financial subsectors, including money and banking, financial markets, non-bank financial institutions, and public finance statistics. Key areas covered include data consolidation of commercial and merchant banks, liquidity ratios, cash reserves, loan/deposit ratios, and credit distribution. Clearing house statistics provide information on volume of transactions within the commercial banking system and the number and value of cheques cleared. Financial markets provide information on new issues, treasury securities, money market assets, Nigerian Stock Exchange (NSE) transactions, and government debt instruments. Public finance statistics include federal government revenue and expenditure, sources such as oil, …

The Role Of Central Bank Of Nigeria In The Relation To The Banking And Insurance Industries, Victor A. Odozi

Bullion

The financial services industry is on the threshold of a revolution. The advent of the Structural Adjustment Programme (SAP) in Mid-1986, with its underlying philosophy of liberalisation and deregulation, has brought about a proliferation of banks and non-bank financial institutions. Competition has intensified, there has been increased innovation and sophistication in product design and delivery. While the new changes have enhanced the opportunities for business and profits, they have also engendered challenges and problems calling for policy action. A number of banks arc suffering various degrees of distress manifested in liquidity problems and insolvency. The paper is in four parts: …

The Role Of The Banking System In The Management Of The Economy, Philips Toyin

Bullion

The objective of this paper is to examine and highlight the role of the banking system in the management of the economy, bearing in mind the lead role which financial capital plays in the development process. The paper is thus divided into three parts. Part I describes the evolution and growth of the banking system within the overall financial system. Part ll focuses on the role of the banking system in economic management while Part lll provides the summary and conclusion.

Management Of The External Debt Of Nigeria, R. A. Olukale

Bullion

Debt management primarily involves five basic functions: policy, regulatory, operational, accounting, and statistical analysis. The policy involves coordination among the agencies with prime responsibility for the economic management of a country in the formulation of national debt policies and strategies. This paper is arranged in six parts. Part I is an over-view of global debts in selected developed and developing economies. Part ll addresses the origin and structure of Nigeria's external debt. Part lll discusses the causative factors of Nigeria's external debt and her external borrowing policy. Part lV highlights the debt relief proposals and the Nigeria's external debt profile. …

Federal Government Policies In Respect Of Agricultural Finance, Godwill Ukpong, Usman Malgwi

Bullion

The objective of this paper is to identify some of the major policies pursued by government to increase agricultural output, with particular reference to agricultural finance and assess their effectiveness in terms of expectations and set targets. For ease of presentation, the paper is divided into three parts. Part 1 reviews past and current government policies on agricultural financing. Part 11 examines some specific measures taken and assesses their degree of effectiveness. Part 111 provides a Summary and Concluding remarks.

Crowding-Out And Crowding-In Effects Of Policy Reforms In Developing Countries, Odozi A, Victor

Bullion

This paper discusses the interplay of crowding-out and crowding-in effects of policy reforms in the context of growth-oriented adjustment programs in developing countries, and to highlight some of the policy implications. A discussion of the nature and determinants of the two phenomena in a developing-country content is given in Section ll. Section lll presents some conclusions and practical implications of the analysis.

Technology Exports From A Small, Very Open Nic: The Case Of Singapore, Eng Fong Pang, Hal Hill

Research Collection Lee Kong Chian School Of Business

This paper examines the nature, composition and determinants of Singapore's early stage technology exports. The pattern of these exports reflects the quite unique mix of policy and institutional features in Singapore's environment - remarkably high growth, very open economy, rapid structural change, particularly intense economic relations with neighboring Southeast Asian nations, and a pervasive and paternalistic state role. The bases of Singapore's comparative advantage in these service exports are identified, and some general implications from its experience are analyzed.