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Nigeria

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Articles 91 - 120 of 395

Full-Text Articles in Economics

A Dynamic Stochastic General Equilibrium (Dsge) Model Of Exchange Rate Pass-Through To Domestic Prices In Nigeria, M. A. Adebiyi Dr, C. N. Mordi Dr Jun 2016

A Dynamic Stochastic General Equilibrium (Dsge) Model Of Exchange Rate Pass-Through To Domestic Prices In Nigeria, M. A. Adebiyi Dr, C. N. Mordi Dr

CBN Occasional Papers

This paper employed a Bayesian framework of DSGE model to estimate the pass-through effect of exchange rate to domestic inflation in Nigeria, using quarterly data for the period 1990 to 2011. The response of inflation rate to exchange rate shocks was found to be positive and statistically significant in the short-run. The pass-through was small and incomplete with almost zero in quarter 1 (0.09), rose to 0.18 in quarter 2 and declined to 0.07 and 0.01 in quarters 3 and 4, respectively. These findings were lower than those obtained elsewhere by other authors. The low pass-through reported in this study …

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Monetary Policy And Financing Real Sector Growth In Nigeria., Moses K. Tule Jun 2016

Monetary Policy And Financing Real Sector Growth In Nigeria., Moses K. Tule

Bullion

The study examines CBN's real sector financing initiatives and implication for real sector growth and economic development. Section 2 discusses selected CBN real sector financing initiatives. Section 3 is the implications of the initiatives for growth and economic management. Section 4 discusses challenges of implementing the policies while section 5 concludes the paper and presents suggestions on the way forward.

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Overview Of Development Financing: The Case Of Central Bank Of Nigeria, M. A. Olaitan Jun 2016

Overview Of Development Financing: The Case Of Central Bank Of Nigeria, M. A. Olaitan

Bullion

This study highlighted the functions of Central Bank under development finance and economic development, and it also went further to state the mandate of the development finance Department which is the development and implementation of policies, programmes and schemes aimed at the effective, efficient and sustainable delivery of financial services to the real sector of the Nigerian economy. The objective of the mandate are to increase the flow of financial resources to the real sector, create wealth and jobs, reduce poverty and so on.

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Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo May 2016

Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo

Asian Management Insights

The former President of Nigeria (1999 to 2007), Olusegun Obasanjo, talks about the nation’s evolving transformation in this interview with Philip Zerrillo.

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Sustainability, Livelihoods, And Quality Of Life Of Older Retirees In Lagos State, Nigeria, Bola Amaike Mar 2016

Sustainability, Livelihoods, And Quality Of Life Of Older Retirees In Lagos State, Nigeria, Bola Amaike

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Later life is celebrated in Africa because it is seen as a blessing from God. Therefore, older people are generally treated with dignity. But with modernization, African senior citizens suffer diverse challenges and experience difficulty in meeting their basic needs. Hence, the need for sustainable livelihoods that will address life deprivations and improve the quality of life of Nigerian elders. This article examines the sustainability of retirement livelihoods and its impact on quality of life of formal sector retirees in Nigeria. It argues that beyond the conventional survival mechanisms, Nigerian retirees require resilient and sustainable livelihoods in order to enhance …

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Some Dimensions Of Farmers'-Pastoralists' Conflicts In The Nigerian Savanna, Mayowa Fasona, Eniola Fabusoro, Comfort Sodiya, Vide Adedayo, Felix Olorunfemi, Peter Omu Elias, John Oyedepo, Grace Oloukoi Mar 2016

Some Dimensions Of Farmers'-Pastoralists' Conflicts In The Nigerian Savanna, Mayowa Fasona, Eniola Fabusoro, Comfort Sodiya, Vide Adedayo, Felix Olorunfemi, Peter Omu Elias, John Oyedepo, Grace Oloukoi

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The savanna ecosystem covers about 48.5% of Nigeria’s land area. It is a national common for intensive cropping and extensive grazing. Fierce competition for land and water resources among the crop farmers and pastoralists is a common feature. This article shares insights from two separate, but linked, studies conducted in the Nigerian savanna on the livelihood and food security of the local peasant farming communities and the vulnerability of the settled Fulani agro-pastoralists’ livelihoods. Household interviews, focus group discussions, and key informant interviews were employed among both the farming and agro-pastoralist communities. 191 respondents in 11 local farming communities and …

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An Assessment Of Rural Household Vulnerability In The Hadejia-Nguru Wetlands Region, Northeastern Nigeria, Ahmadu Abubakar Tafida, Mala Galtima Mar 2016

An Assessment Of Rural Household Vulnerability In The Hadejia-Nguru Wetlands Region, Northeastern Nigeria, Ahmadu Abubakar Tafida, Mala Galtima

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The Hadejia-Nguru wetlands have long been recognized as a World Heritage Site notably for its supportive role to wild birds from Europe, Asia, and Australia. At times the functions of the wetlands have been tremendously jeopardized due to dwindling resources and thus affecting the lives of more than 1.5 million people. A number of projects were initiated by different international communities, such as the Department for International Development (DFID), aimed at fostering sustainable utilization of the natural resource base to improve the well-being of the people. The interventions have rarely succeeded, perhaps due to the lack of understanding of rural …

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Introduction: Sustainable Livelihoods, Conflicts, And Transformation, Brandon D. Lundy, Akanmu G. Adebayo Mar 2016

Introduction: Sustainable Livelihoods, Conflicts, And Transformation, Brandon D. Lundy, Akanmu G. Adebayo

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Introduction to the Journal of Global Initiatives Volume 10, Number 2 "Sustainable Livelihoods and Conflict."

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Nigeria: The Matrix Between Fragility Of Livelihoods And Conflict, Abiodun Odusote Mar 2016

Nigeria: The Matrix Between Fragility Of Livelihoods And Conflict, Abiodun Odusote

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In recent times, there has been an increased outbreak of conflicts across the globe, particularly in areas experiencing livelihood fragility. Available literature suggests that in a society where livelihoods are threatened, minimal, or non-existent, the people are generally more overwhelmed and prone to violence and conflict. This paper consolidates the available literature on livelihoods and conflict, with the aim of identifying the nexus between the two concepts. The author particularly interrogates the matrix between fragility of livelihoods and armed conflicts, with emphasis on Boko Haram and the Niger Delta conflicts. The article notes that there seems to be a large …

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The Application Of Geospatial Analytical Techniques In The Assessment Of Land Use Conflicts Among Farmers And Cross-Boundary Nomadic Cattle Herders In The Gombe Region, Nigeria, Whanda J. Shittu, Mala Galtima, Dan Yakubu Mar 2016

The Application Of Geospatial Analytical Techniques In The Assessment Of Land Use Conflicts Among Farmers And Cross-Boundary Nomadic Cattle Herders In The Gombe Region, Nigeria, Whanda J. Shittu, Mala Galtima, Dan Yakubu

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In Nigeria, many land use conflicts among the teeming rural agrarian communities in the northern parts of the country are often wrongly attributed to ethno-religious differences while ignoring the salient role environmental degradation, climate change, and urbanization play in exacerbating the conflicts. The two traditional farming groups (crop producers and cattle herders) that contribute immensely to the country’s food security are in constant conflict, thereby threatening sustainable agricultural production. The objective in this article is to investigate the nature and extent of land use changes in the Gombe region using geospatial analytical techniques and assess the implications on land conflicts. …

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Non-Oil Revenue Buoyancy And Elasticity: Implications For Revenue Generation In Nigeria, B. Gaiya, A.A. Ononugbo-Ikenna, K. Ajala Mar 2016

Non-Oil Revenue Buoyancy And Elasticity: Implications For Revenue Generation In Nigeria, B. Gaiya, A.A. Ononugbo-Ikenna, K. Ajala

Economic and Financial Review

The paper employs annual time series data on real government tax revenue components from 1981-2014 to endogenously determine the level of non-oil revenue buoyancy and elasticity and its implication for revenue generation in Nigeria. A partitioning approach to determining tax buoyancy and elasticity is employed to address these objectives. The study found that with the exception of the Company Income Tax, an inelastic tax structure exists in Nigeria for the period under review. The proxy bases had similar results in terms of their responsiveness to the tax system. There were also evidences that the discretionary measures taken during the study …

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Empirical Estimation Of Optimal International Reserves For Nigeria: The Sudden Stop Model, G.K. Sanni, T.S. Olusegun, Z. Sani Mar 2016

Empirical Estimation Of Optimal International Reserves For Nigeria: The Sudden Stop Model, G.K. Sanni, T.S. Olusegun, Z. Sani

Economic and Financial Review

The study examined the issue of optimum external reserves for Nigeria during 2010 - 2014, using Jeanne and Ranciere (2006) and Goncalves (2007) sudden stop model approach. The study showed that resident foreign currency deposit accounted for over 90 per cent of the total foreign currency deposit, while non-resident foreign currency deposit accounted for the remaining. The result of the model suggested that external reserves were adequate in 2010 but beyond that period, it was far below optimal level. On average, the optimum external reserves were around 15.7 per cent of GDP in the past four years, translating to US$54.52 …

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Economic Growth, Poverty And Income Inequality Matrix In Nigeria: A Further Investigation, H.O. Okafor Mar 2016

Economic Growth, Poverty And Income Inequality Matrix In Nigeria: A Further Investigation, H.O. Okafor

Economic and Financial Review

This paper examined the existing relationship among economic growth, poverty and income inequality in Nigeria. Using the Vector Auto-regressive (VAR) model and the Engle-Granger technique to test for the causality existing among the variables, the results revealed that economic growth had no impact on poverty reduction and income distribution in Nigeria due its non-inclusive nature. There was, however, evidence of a unidirectional causality, running from income inequality to increased poverty. This implied that inequality would lead to increase in poverty in Nigeria. Therefore, the paper recommended that govemment should develop stronger economic institutions that ore capable of reorganising the productive …

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Business Leaders Marketing To Bottom-Of-The-Pyramid Consumers In Nigeria, Chantell Ramaun Beaty Jan 2016

Business Leaders Marketing To Bottom-Of-The-Pyramid Consumers In Nigeria, Chantell Ramaun Beaty

Walden Dissertations and Doctoral Studies

Business leaders often leave more than half of the world's population the bottom of the pyramid (BOP), a $5-trillion market of potential consumers untapped for products and services on account of failing to see BOP markets as profitable for business, yet business leaders who have managed inclusive BOP marketing in Nigeria have experienced profit margins as high as 120%. The purpose of this multiple case study was to explore strategies of business leaders who market to BOP consumers in Nigeria and maintain a profit. The study population consisted of 3 business leaders in the Dallas and Fort Worth metropolitan area …

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Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike Dec 2015

Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike

Bullion

This study shows that Nigeria has not experienced inclusive growth over the years, using relevant national and global data. The country has experienced pervasive poverty, high rate of unemployment and high level of income/wealth inequality despite impressive economic growth rates over the years. The study also highlights the major factors that could be responsible for the non-inclusive growth in Nigeria; these factors include poor performance of the manufacturing sector, weak knowledge base, poor human capacity development and low level of global competitiveness. The study uses tabular presentations and verbal constructs in its analysis. The government and policy makers in Nigeria …

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Financng Government Programmes During Economic Downturn: Policy Options, E.M. Abolo Dec 2015

Financng Government Programmes During Economic Downturn: Policy Options, E.M. Abolo

Economic and Financial Review

The author discussed various policy options that can be adopted to finance government programmes during economic downturn. He explained in details the concept as it affects the economic growth and development.

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The Impact Of External Reserves' Position On Capital Flows: The Nigerian Experience, Lamido A. Yuguda Sep 2015

The Impact Of External Reserves' Position On Capital Flows: The Nigerian Experience, Lamido A. Yuguda

Bullion

A number of factors will determine whether capital will flow in and out of an Economy. The monetary Authority in every country have the sole right to maintain and manage the external reserves hereby maintaining confidence in the country monetary and exchange rate polices, provide confidence to international community on the country' ability to meet its external obligations and provide liquidity to government to meet its external obligations; and maintain foreign exchange liquidity. The main objectives of this paper is to access the impact of external reserves position in attracting capital flows.

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Effects Of Monetary Policy On The Banking System Stability In Nigeria, A. Bamidele, J. Musa, L. Bala-Keffi, O. Owolabi, S. Imam Jun 2015

Effects Of Monetary Policy On The Banking System Stability In Nigeria, A. Bamidele, J. Musa, L. Bala-Keffi, O. Owolabi, S. Imam

Economic and Financial Review

The paper examined the effect of monetary policy on banking system stability in Nigeria. The main objective was to evaluate how monetary policy affected the banking system stability during the global financial crisis in Nigeria. Static and dynamic error correction models were estimated using monthly data from January 2007 to June 2013 and the error correction model was found most efficient. The banking system stability index was computed using banking soundness index, banking vulnerability index and economic climate index. The results showed that increase in monetary policy rate, depreciation of nominal exchange rate and rising inflation rate negatively affected the …

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An Empirical Analysis Of The Effect Of Monetary Policy On The Manufacturing Sector In Nigeria, M. Ali, H. Aliero, M. Abubakar Jun 2015

An Empirical Analysis Of The Effect Of Monetary Policy On The Manufacturing Sector In Nigeria, M. Ali, H. Aliero, M. Abubakar

Economic and Financial Review

This study examined the effect of monetary policy on the manufacturing sector in Nigeria from 1970 to 2012 using Autoregressive Distributed Lag (ARDL) bound testing approach. Exchange rate was found as the only channel of monetary policy transmission with significantly negative effect on the manufacturing sector. This implies that manufacturing firms largely rely on foreign inputs for production and do not depend on the banking system for funding. The study, therefore, recommends indigenous technology and financial system development to reduce dependence on imported inputs and facilitate access to more funds.

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Fiscal Decentralization, Economic Growth And Human Resource Development In Nigeria: Autoregressive Distributed Lag (Ardl) Approach, Elijah Udoh, Udoma Afangideh, Elias A. Udeaja Jun 2015

Fiscal Decentralization, Economic Growth And Human Resource Development In Nigeria: Autoregressive Distributed Lag (Ardl) Approach, Elijah Udoh, Udoma Afangideh, Elias A. Udeaja

CBN Journal of Applied Statistics (JAS)

There is a widespread belief that fiscal decentralization is an effective tool for increasing the efficiency of public expenditures. Decentralization is expected to boost accountability and transparency in the provision of public goods for the well-being of the society. However, countervailing views maintain that little or no impact has been created at the periphery in terms of improving the welfare of the people in Nigeria. The main objective of this paper was to investigate how the decentralized system of expenditure impacted on human resource development in Nigeria. Using ARDL/Bounds Testing approach and data for the period 1980 to 2012, the …

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Dollarization, Inflation And Interest Rate In Nigeria, David O. Olayungbo, Kehinde T. Ajuwon Jun 2015

Dollarization, Inflation And Interest Rate In Nigeria, David O. Olayungbo, Kehinde T. Ajuwon

CBN Journal of Applied Statistics (JAS)

This paper investigates the relationship among dollarization, inflation and interest rate in Nigeria for the period 1986-2015Q1. It adopts inter-temporal model of money-in-utility (MIU) with an estimation technique of structural vector autoregression (SVAR). Empirical evidence shows that dollarization index has been on the increase in Nigeria since 1994, despite stable and low inflation and interest rate. Results of the cointegration show long run equilibrium among dollarization, inflation and interest rate. The Granger causality test reveals that there is a unidirectional relationship from dollarization to inflation in Nigeria. This suggests that policies that aim to reduce inflation in Nigeria must include …

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Destination Sectors And Originating Economies Of Nigeria’S Private Foreign Assets And Liabilities In 2013, Ajibola I. Olufemi, Babatunde S. Omotosho Jun 2015

Destination Sectors And Originating Economies Of Nigeria’S Private Foreign Assets And Liabilities In 2013, Ajibola I. Olufemi, Babatunde S. Omotosho

CBN Journal of Applied Statistics (JAS)

The survey of foreign assets and liabilities of enterprises in Nigeria was conducted in 2014 to determine the 2013 stock of foreign assets/liabilities of Nigerian enterprises, as well as receiving sectors and origination/destination regions. The survey collected relevant information from 740 enterprises, and analysis of survey returns indicated that the total private foreign liabilities as at end-2013 was N12, 639.27 billion up by 5.08 per cent above its level in 2012. Of this total, 96.7 per cent was in the form of foreign direct investments, while foreign portfolio investments and other capital flows accounted for 0.4 and 2.9 per cent, …

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Technical Notes On Balance Of Payments Compilation And Analysis: The Case Of Nigeria, Ubong S. Udoette Jun 2015

Technical Notes On Balance Of Payments Compilation And Analysis: The Case Of Nigeria, Ubong S. Udoette

CBN Journal of Applied Statistics (JAS)

This paper discusses some technical issues in Balance of Payment compilation and analysis. It summarized major components of the BOP statistics, the various account balances as well as the interrelationship between them and other macroeconomic aggregates. It goes further to discuss data related issues in the compilation of Nigeria’s BOP statistics with the aim of providing better insight to future/new compilers, policy and other economic analysts.

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Gender Bias In Microlending: Do Opposites Attract?, Kanyinsola Adepoju May 2015

Gender Bias In Microlending: Do Opposites Attract?, Kanyinsola Adepoju

Master's Theses

This study exploits a quasi-random assignment of clients to loan officers using a unique database and survey from a large microfinance bank in Nigeria to show that opposite-sex preferences affect credit demand and supply. We find that clients matched to loan officers of the opposite gender are more likely to receive credit and are more likely to return for an additional loan with the credit lender.

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Monetary Policy And Asset Prices In Nigeria, M.K. Tule, P. Ogiji, G. Okorie, D. Mbaka Mar 2015

Monetary Policy And Asset Prices In Nigeria, M.K. Tule, P. Ogiji, G. Okorie, D. Mbaka

Economic and Financial Review

This paper attempts to contribute to the debate on the linkages between monetary policy and asset prices in the woke of the recent global financial crisis. The study employs vector error correction (VEC) mode! on Nigerian weekly data from January 2007 to October 2013. A pair-wise granger causality test indicated a unidirectional causality from asset prices to monetary policy. Exchange rate at lag one was negatively related to the All Share Index. suggesting that exchange rate appreciation is likely to lead to excessive appreciation in asset prices. The results further indicated a positive relationship between financial system stability and asset …

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Two Essays Examining Organizational Performance, Stacey Alexis Gelsheimer Jan 2015

Two Essays Examining Organizational Performance, Stacey Alexis Gelsheimer

USF Tampa Graduate Theses and Dissertations

In highly competitive industries where firms aren’t protected by barriers to entry and consumers’ preferences are constantly changing, the willingness and ability to adapt and continually improve operations may be critical for continued success. However, the internal exchanges between employees and managers that may be an integral part of the development and implementation of new ideas are often not modeled or included in our standard economic theories. In this research I investigate whether a higher level of employee voice (or employee input) predicts higher levels of continual improvement, and whether this continual improvement predicts higher levels of firm performance. Additionally, …

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Macroeconomic Trillema And Monetary Policy In Nigeria, Moses K. Tule Dec 2014

Macroeconomic Trillema And Monetary Policy In Nigeria, Moses K. Tule

Bullion

The paper explores how the macroeconomic trilemma influences monetary Policy choices and action in practical terms. Section 1 is the introduction, section 2 examines in greater details key conceptual issues. After it a review of the historical epochs of the trilemma, followed by contemporary country experiences in managing the trilemma. Section five examines the challenges of the trilemma in Nigeria while the last section concludes the paper.

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Basic And Computation Of Rebased Gross Domestic Product (Gdp) Nigeria's Experience, Emeka Godwin Ofili Dec 2014

Basic And Computation Of Rebased Gross Domestic Product (Gdp) Nigeria's Experience, Emeka Godwin Ofili

Bullion

The paper looks at the basic concepts in GDP compilation and the computational processes for the rebased GDP. The paper is structured into four sections. The first section deals with the introduction while section two explains some basic concepts and mathematics for GDP compilation. Section three takes a look at the GDP Rebasing while section four deals with the Recent Development from the rebasing exercise.

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An Overview And Dynamics Of Financial Market Development In Nigeria And Imperatives For Exchange Rate Stability, E.U. Ukeje Dec 2014

An Overview And Dynamics Of Financial Market Development In Nigeria And Imperatives For Exchange Rate Stability, E.U. Ukeje

Economic and Financial Review

The article discusses the important role money market plays in the economic development of any country which provides the platform for central banks to influence short-term interest rates,

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Nexus Of Exchange Rate Deregulation And Agricultural Share Of Gross Domestic Product In Nigeria, Oyakhilomen Oyinbo, Falola Abraham, Grace Z. Rekwot Dec 2014

Nexus Of Exchange Rate Deregulation And Agricultural Share Of Gross Domestic Product In Nigeria, Oyakhilomen Oyinbo, Falola Abraham, Grace Z. Rekwot

CBN Journal of Applied Statistics (JAS)

The kernel of this study was to examine the causal relationship between exchange rate deregulation and the agricultural share of gross domestic product in Nigeria from an econometric perspective using time series data spanning a period of 26 years (1986 – 2011). Data on exchange rate and gross domestic product were analysed using augmented dickey fuller unit root test, unrestricted vector autoregression, pairwise granger causality and vector error correction model. The results showed the existence of unidirectional causality from exchange rate to agricultural share of gross domestic production and also, exchange rate deregulation had negative influence on agricultural share of …

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