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Nigeria

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Articles 211 - 240 of 395

Full-Text Articles in Economics

Understanding The Technical Operation Of Mortgage Market: Financing Options And Valuation Techniques, Femi Ekundayo Dec 2005

Understanding The Technical Operation Of Mortgage Market: Financing Options And Valuation Techniques, Femi Ekundayo

Economic and Financial Review

This paper aims to discuss the. evolution of mortgage banking in Nigeria, development and practice of mortgage financing and valuation techniques using Primary Mortgage Institutions (PMI) as a thrust. It is also to elicit contributions from others and subject the final product to further research for development of the scheme in Nigeria.

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The National Housing Fund Scheme: The Journey So Far, O. A. Adeniji Dec 2005

The National Housing Fund Scheme: The Journey So Far, O. A. Adeniji

Economic and Financial Review

This article reviews the National Housing Fund and highlight the successes and constraints. The rest of the article is divided into five sections. Section 2 reviews the National Housing Fund Scheme. The lessons of experience from other countries are contained in section 3, while section 4 highlights the achievements of the Federal Mortgage Bank of Nigeria (FMBN) since the inception of the reforms. The problems militating against the effective implementation of the NHF is the focus of section 5. Section 6 concludes the article.

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Welcome Address At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects, Y. Nuhu Dec 2005

Welcome Address At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects, Y. Nuhu

Economic and Financial Review

This is the welcome address by Alhaji Y. Nuhu at the in-house seminar on "the mortgage industry in Nigeria: issues, challenges and prospects", for CBN Executive Staff, Bauchi, October 24 - 28, 2005.

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Special Remarks At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects., O. J. Nnanna Dec 2005

Special Remarks At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects., O. J. Nnanna

Economic and Financial Review

This is the special remarks by Dr. O. J. Nnanna at the in-house seminar on "the mortgage industry in Nigeria: issues, challenges and prospects", for CBN Executive Staff, Bauchi, October 24 - 28, 2005.

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Keynote Address At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects, Obadiah Mailafia Dec 2005

Keynote Address At The In-House Seminar On The Mortgage Industry In Nigeria: Issues, Challenges And Prospects, Obadiah Mailafia

Economic and Financial Review

This is the keynote address by Dr. Obadiah. Mailafia at the in-house seminar on "the mortgage industry in Nigeria: issues, challenges and prospects", for CBN Executive Staff, Bauchi, October 24 - 28, 2005.

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Legal And Regulatory Framework For The Mortgage Industry In Nigeria, J. A. Akinwale Dec 2005

Legal And Regulatory Framework For The Mortgage Industry In Nigeria, J. A. Akinwale

Economic and Financial Review

This article examines the legal and regulatory framework for the mortgage industry in Nigeria. The outline of major issues on legal and regulatory framework for mortgage institutions discussed in the article include: Functions of PMI’s vis-a-vis their enabling laws and role in the overall financial system; licensing; assets and liability powers; capital requirements; supervision; disclosure and verification of information; staffing, and developmental issues.

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An X-Ray Of The Mortgage Industry In Nigeria, Fortune Ebie Dec 2005

An X-Ray Of The Mortgage Industry In Nigeria, Fortune Ebie

Economic and Financial Review

This article provides a detailed examination of the Mortgage Industry in Nigeria with a view to identifying the issues, challenges and prospects. The rest of the paper is divided into five sections. The overview of housing industry in Nigeria is the focus of section 2 while section 3 reviews the structure of the mortgage industry. Section 4 focuses on the regulatory/institutional framework for mortgage financing in Nigeria. The x-ray of mortgage industry is undertaken in section 5 while section 6 concludes the paper.

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Mortgage Institutions And Financing In Nigeria: Performance, Constraints And Prospects, S. A. Oni Dec 2005

Mortgage Institutions And Financing In Nigeria: Performance, Constraints And Prospects, S. A. Oni

Economic and Financial Review

The article, mortgage institutions and financing in nigeria: performance, constraints and prospects, reviews the performance of the mortgage institutions in Nigeria. The rest of the paper is divided into four parts. Following this introduction is part 2 that focuses on the evolution of mortgage financing in Nigeria. Part 3 reviews the performance of mortgage institutions, while part 4 highlights the constraints in the sub-sector and the prospects of mortgage financing in Nigeria. Part 5 concludes the paper.

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The Land Tenure System: Which Land Title For The Nigerian Mortgage Industry?, J. A. Akinwale Dec 2005

The Land Tenure System: Which Land Title For The Nigerian Mortgage Industry?, J. A. Akinwale

Economic and Financial Review

The article examines among issues raised in the 2001 Report of the Presidential Committee on Urban Development and Housing, which made recommendations for the National Housing Policy. ln order to appreciate the kind of land tenure system that is operated in the country, the objective of this paper is to highlight the process and procedure individuals or corporate bodies will have to go through in order to secure finance for building or buying a house. The paper is divided into three sections. Following this introduction, is section two which discusses mortgage loan perfection, while section three appraises the land tenure …

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Banking Sector Reforms And Bank Consolidation: Conceptual Framework., Moses Ajayi Jun 2005

Banking Sector Reforms And Bank Consolidation: Conceptual Framework., Moses Ajayi

Bullion

Reforms are predicated upon the need for reorientation and repositioning of an existing status quo in order to attain an effective and efficient state The objective of this paper is, therefore, to present the conceptual framework for banking sector reforms. particularly, consolidation. The paper is divided into five sections. following the introduction, section ll conceptualizes the facets of reforms and conceptual issues on consolidation in the banking sector, while section ll discusses the critical success issues in banking sector consolidation. section IV presents concepts associated with country elements of banking elements of banking reforms, while section five concludes the paper. …

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Non-Performing Assets Of The Banking System In Nigeria: Complementary Measures., Moses F. Otu Jun 2005

Non-Performing Assets Of The Banking System In Nigeria: Complementary Measures., Moses F. Otu

Bullion

The article examines the structure of the non-performing assets of the banking system in Nigeria with the view of ascertaining loan concentration. further attempt would be made to examine the causes of deteriorating assets and explore the complementary options for managing the non-performing loans. Following an introduction as section one, the rest of the paper is thus: section two focuses on definitional and conceptual issues, section three covers the literature review while section four addresses the methodology and trend of non- performing assets and the sectoral contributions. Section five, presents the complementary options and the concluding remarks. The study concluded …

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Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan Dec 2004

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 …

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Privatisation Of Public Utilities In Nigeria, Mike I. Obadan Dec 2004

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.

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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 Dec 2004

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 …

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Financial Sector Development And Economic Growth In Nigeria: An Empirical Investigation, J. Nnanna Sep 2004

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.

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Foreign Private Investment In Nigeria - 2003, Payments Of Payment Office Sep 2004

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 …

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Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa Jun 2004

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.

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Assessment Of Nigeria's Domestic Debt Sustainability, S.C. Rapu Jun 2004

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 …

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Determinants Of Public Sector Wages In Nigeria, Moses Kpughur. Tule Mar 2004

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.

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Foreign Private Investment In Nigeria - 2002, Division Research Statistics Department Sep 2003

Foreign Private Investment In Nigeria - 2002, Division Research Statistics Department

Economic and Financial Review

This report presents the results of the survey on foreign private investment in Nigeria in 2002. The survey covered 254 establishments that are either fully foreign owned or are in partnership with Nigerian agencies or enterprises doing business in Nigeria. The net flow of foreign investment into the Nigerian economy rose by 143 per cent from N3,377.0 million in 2001 to N8,206.8 million in 2002. The analyses of the survey returns are presented in eight parts.

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A Review Of Nigeria’S Exchange Rate Policies Since Deregulation In 1986, External Sector Division Sep 2003

A Review Of Nigeria’S Exchange Rate Policies Since Deregulation In 1986, External Sector Division

Economic and Financial Review

This article examined foreign exchange policy measures adopted since 1986. Nigeria's economic policy prior to 1986 was characterized by the overwhelming influence of oil and public sector dominance of productive activities. Prior to this period, the economy faced serious crisis and was characterized by an over-valued currency, low oil receipts, depleted external reserves and high import bills, emergence of trade arrears and rapid accumulation of debts. The various measures adopted were aimed at restructuring the economy and diversifying its revenue base, as well as achieving a realistic exchange rate for the naira. An appraisal of these exchange rate policies indicated …

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The Demand For Foreign Currencies In Nigeria: An Empirical Analysis, O.M. Fakiyesi Jun 2003

The Demand For Foreign Currencies In Nigeria: An Empirical Analysis, O.M. Fakiyesi

Economic and Financial Review

The effective management of foreign reserves and the exchange market in Nigeria continue to pose challenges to the Central Bank of Nigeria. From inception to date and particularly after structural adjustment programme of 1986, different foreign exchange policies had been formulated not only to reduce the demand for foreign currencies, but also to enhance the supply and conserve the level of international reserves. These policies achieved varying degrees of success. Against this background, this paper utilized the effort correction framework in identifying relevant factors that impact on the demand for foreign currencies in Nigeria. The essence of our results was …

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The Role Of Equipment Investment In Nigeria's Growth Process, James Akperan Adam, Oladipo Tajudeen Busari Jun 2003

The Role Of Equipment Investment In Nigeria's Growth Process, James Akperan Adam, Oladipo Tajudeen Busari

Economic and Financial Review

This paper examines empirically the role of equipment investment in Nigeria's growth process. A growth accounting equation was utilized to analysed the contribution of private capital stock to growth. A Granger-causality test was also employed to explore the relationship between components of domestic fixed investment, productivity growth, labour force growth and economic growth. In addition, regression analysis was employed to complement the other methods. The first conclusion is that for sustainable growth, private capital stock growth need to rise to a level of 9 percent, for fixed investment- GDP ratio to oncrease by 18 percent. In the second approach, the …

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Restructuring The Educational System As A Long-Term Solution To The Unemployment Problem In Nigeria., Abraham B. Borishade Dec 2001

Restructuring The Educational System As A Long-Term Solution To The Unemployment Problem In Nigeria., Abraham B. Borishade

Bullion

The educational process, formal or informal consciously created, represents an essential investment necessary for industrialization; such education must be planned to fit the needs of a changing society so that as the Urban complex grows and demands expand. Education is the key with which to unlock the economic potential of the people. In contemporary developing countries, there is an incongruous relationship between education and their economies. This is reflected in the rising pool of the phenomenon of educated unemployed more than ever before. This paper examines the increasing problem associated with unemployment in Nigeria. The author conclude that It is …

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Keynote Address, Shamusudeen Usman Dec 2001

Keynote Address, Shamusudeen Usman

Economic and Financial Review

This is a keynote address delivered at the seminar with the theme " poverty alleviation: a more pragmatic approach

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Special Remarks By Dr. O. J. Nnanna, O. J. Nnanna Dec 2001

Special Remarks By Dr. O. J. Nnanna, O. J. Nnanna

Economic and Financial Review

This is a special remark delivered at the executive seminar on the theme, poverty alleviation: a more pragmatic approach

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An Appraisal Of Poverty And Poverty Reduction Strategies In Nigeria, Fidelis O. Ogwumike Dec 2001

An Appraisal Of Poverty And Poverty Reduction Strategies In Nigeria, Fidelis O. Ogwumike

Economic and Financial Review

The present paper assesses not only the efforts of the current administration in poverty reduction, but also the · role played by past administrations so as to identify a more pragmatic approach to poverty reduction in Nigeria The next section looks at a poverty profile in Nigeria with a view to identifying ·some of the salient issues. Section IIL examines the various approaches to poverty reduction. Section IV appraises poverty reduction in Nigeria. Section V, offers some suggestions on poverty reduction in Nigeria.

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Rising Cost Of Food Prices And Food Insecurity In Nigeria And Its Implication For Poverty Reduction, P. A. Okuneye Dec 2001

Rising Cost Of Food Prices And Food Insecurity In Nigeria And Its Implication For Poverty Reduction, P. A. Okuneye

Economic and Financial Review

Trade liberalization stimulated the growth of export of agricultura1 commodities in Nigeria white its serious implementation lasted. As usual with the country, the implementation of trade liberalization policies relaxed .with time. The boost in the ·· agricultural export sector took a down turn and with the advent of democracy, massive imports of luxury goods began to dominate the economic scene. In essence, over the last . is· years, that is, since 1986, when the Structural Adjustment Programme (SAP) came into being. the nation had witnessed a gross neglect of the food_ production sector. As such when food prices began to …

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Poverty Reduction In Nigeria: The Way Forward, Mike I. Obadan Dec 2001

Poverty Reduction In Nigeria: The Way Forward, Mike I. Obadan

Economic and Financial Review

The description of Nigeria as a paradox by the World Bank (1996) bas continued to be confirmed by events and official statistics in the country. The paradox is - that the poverty level in Nigeria contradicts the country's immense wealth. Among other things, the country is enormously endowed with human, agricultural, petroleum, gas, and large untapped solid mineral resources. Particularly worrisome is that the country earned over USS300 billion from one resource - petroleum - during the last three decades of the twentieth century. But rather than record remarkable progress in national socio-economic development, Nigeria retrogressed to become one of …

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Bank Lending Behaviour And Output Growth: An Empirical Analysis With Implication For Monetary Policy Formulation In Nigeria, Joseph O. Nnanna Sep 2001

Bank Lending Behaviour And Output Growth: An Empirical Analysis With Implication For Monetary Policy Formulation In Nigeria, Joseph O. Nnanna

Economic and Financial Review

Preliminary findings from the empirical analysis show that the banking sector has not supported real sector output growth in its lending policy. The combined effects of risk aversion and infrastructural problem in the real sector represent serious constraints on credit flow to the private sector and the sectors declining marginal product of capital. Overall, while the banking sector has indeed, succeeded in deposit mobilization, it has nevertheless, not done a good job in its intermediation functions. The analysis further reveals the presence of policy distortions in the system, and its negative influence on banks' lending behavior. The need to address …

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