Growth and Development Commons^™

Industrial Parks And Domestic Power: Work, Industrialization, And Intimate Partner Violence In Nigeria, Faye X. Dingle

Economics Honors Projects

This paper examines the effect of industrial zone openings on women's employment, relative earnings, and intimate partner violence (IPV) in Nigeria. I exploit variation in the timing of industrial zone openings to use a staggered difference-in-differences model. I compare women near industrial zones to women near not-yet-built industrial zones and capture the effect of the average treatment effect on the treated. I perform this analysis for women within 10, 15, 20, and 25 kilometers of an industrial zone. I find that being within all distances of an industrial zone increases a woman's relative earnings compared to women in non-industrialized zones. …

Effects Of Bureaucratic Corruption On Firms' Financial Constraints, Obinna Franklin Ezeibekwe

The Journal of Entrepreneurial Finance

This study provides the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using linear and non-linear estimators to account for potential heterogeneous treatment effects across firm groups. Formally, the theoretical framework models how corruption may facilitate or restrain firms' financial access by shaping their cost functions, which consequently influences their success or failure and ability to raise the collateral for borrowing. My analysis, using the bivariate probit method and two binary instruments, reveals that corruption significantly increases the probability of a representative MSME and firm being financially constrained …

Financial Exclusion, Gender, And The Lure Of Boko Haram (Chapter From Gender-Responsive Budgeting In Africa: Access And Future Measures), Vesna Markovic, Sven Botha

Justice, Law, and Public Safety Studies Department Faculty Books/Book Chapters

There is a large disparity in financial inclusiveness for those people living in northern Nigeria in contrast to those living in southern Nigeria. According to a 2019 report by the Central Bank of Nigeria and Enhancing Financial Innovation and Access (EFInA), Nigeria has more people living in extreme poverty than any other country in the world. Access to education and lower levels of income all contribute to the lack of financial inclusion for both men and women in the North, but particularly for women. These gender barriers have acted as an enabler for the recruitment of women into the Boko …

Torn Between Two Pandemics: Poverty Pandemic And Coronavirus Pandemic In Nigeria, Tope Shola Akinyetun

Southern African Journal of Policy and Development

The wave of coronavirus pandemic that hit the world coincides with Nigeria’s struggles with her newly attained position as the poverty capital of the world. This paper argues that prevalent poverty is a pandemic that the world has learnt to live with, and that Nigeria is struggling to overcome. The agony of poverty in the country coupled with the coronavirus pandemic subjects the country to a quandary of a dual-pandemic scourge. The paper relies on secondary data and adopts a descriptive and analytic approach. It concludes that multidimensional poverty in Nigeria is pervasive and has become deepened by the pandemic …

Impact Of Covid-19 Pandemic On The Nigeria Stock Market: A Sectoral Stock Prices Analysis, Peter A. Adekunle, Yakubu A. Bello, Udochukwu G. Nwachukwu

CBN Journal of Applied Statistics (JAS)

This study examines the impact of the COVID-19 pandemic on sectoral stock prices in Nigeria stock market using daily data covering from February 28, 2020 to June 26, 2020. Applying the autoregressive distributed lag (ARDL) bounds test, the study finds that COVID-19 pandemic had adverse impact on the stock market indices in the short run. Furthermore, the study documents negative response of sectoral stock prices to the pandemic while the stock prices of the banking sub-sector are the worst hit. Compared to the consumer goods, and industrial subsector indices, the speed of adjustment to long run equilibrium is faster for …

Food Security, Economic Growth And Price Stability Nexus And Conceptual Issues, Park O. Idisi

Economic and Financial Review

A strong argument that encourages analysing food security and food price stability issues is importance to economic well-being. Nigeria is one of the most food insecure countries and highly affected by all three drivers. For one, the country is vulnerable to price instability and successively hit by environmental disasters, that impact people’s livelihoods. Furthermore, its economy is thriving, but around 48.0 per cent of its population lives below the poverty line (World Bank, 2020; World Poverty Clock, 2020). In addition to that, since 2009 northeastern Nigeria is struck by insurgency. Essentially, sustainability in economic growth is dependent on achievement of …

Does Foreign Direct Investment Matter For Industrialisation In Nigeria?, Obianuju Ogochukwu Nnadozie, Lotanna Ernest Emediegwu, Anthony Monye-Emina

Zambia Social Science Journal

This paper employs cointegration and error correction techniques to provide empirical evidence on the dynamic relationship between foreign direct investment (FDI) and industrialisation in Nigeria for the period 1981-2015. Our findings show that FDI does not have a significant effect on industrialisation in Nigeria either in the short run or the long run. Also, the empirical results reveal that trade significantly harms industrialisation in Nigeria both in the short run and the long run. Our empirical results are, however, not surprising given that FDI inflows into Nigeria have largely been resource-seeking, that is, mainly targeted at the oil sector with …

Education Towards Attaining Sustainable Development In Developing Nations: Nigeria As A Case Study, Ezeifekwuaba Tochukwu Benedict

Young African Leaders Journal of Development

This Research Paper is a contribution towards highlighting the underdevelopment challenges in Nigeria by applying Education as a tool. In the present decades, there has been a Paradigm Shift in emphasizing on Sustainable Development and the way it been practised. All over the country, there is evidence of a failed leadership attributed by a dwindling economic, educational, political and social fortune. All these challenges are due to the incapability of the leadership to effectively plan for development and apply the necessary educational tools that can produce great leaders that can control the helms of Government and the private sectoral industries. …

Local Government And Community Development In The 21st Century: Evidence From Nigeria, Olawale Akinrinde, Akanbi Ololade

Young African Leaders Journal of Development

The central aim of this study is to examine and highlight the role of local government in community development. Drawing evidence from Iwo Local Government Area of Osun State, Nigeria, this study brings the Nigerian political arrangement to the fore by establishing its negation of the undergrowth of community development which underscores true federalism. Relying on the General Systems theory further, this study established a linkage between local government and community development in Nigeria. Challenges such as lack of true federalism, local government autonomy, lack of funds, and under-staffing were discovered as root causes of local governments' inability and failure …

Women's Political Representation And Sustainable Development In Nigeria, 1999-2019., Efetobar Stephanie Effevottu

Young African Leaders Journal of Development

All over the world, the invincibility of women in politics act as a limitation to the promotion of gender equality and the accomplishment of the sustainable development goals. This paper interrogates the political representation of women in Nigeria's fourth republic. It is driven by the desire to unravel the challenges faced by Nigerian women in their quest for equitable political space and its inference for sustainable development in Nigeria. The findings of the study reveal that there has been significant improvement in the lives of women in Nigeria since the return of democratic governance in 1999. It also indicates that …

Impact Of Tax Revenue On Economic Growth In Nigeria (1981-2017), Abubakar Biliksu Aliyu, A. A. Mustapha

Bullion

The main objective of this research is to assess empirically the impact of tax revenue on economic growth in Nigeria, spanning from 1981 to 2017. It employs, time series data obtained from the CBN statistical bulletins, FIRS annual publications and National Bureau of Statistics (NBS) portal. To achieve the objectives of the study, OLS and ARDL techniques were employed to estimate the relationships and the dynamics and longrun effects of independent variables on dependent variable. ARDL bound test revealed that the variables are cointegrated while ARDL long-run estimation indicated that petroleum profit, value added tax and government domestic debt are …

Trickle Down Nationalism: Interactions Between Liberal Nationalism And Colonialism In The Raj And Nigeria, Aaryaman Sheoran

CMC Senior Theses

The combination of nationalism and colonialism has remained understudied in academia, despite the important interaction between the two phenomena. European ideas bled over into their colonial empires and began to fill the power vacuum created by colonial enterprises. This study analyzes the impact of British colonialism on the development of national identity in British India and Nigeria.

British influences included large scale economic disruption, cultural reform through ‘westernizing’ the population and abolishing local customs, and creating a new set of institutions to replace traditional power centers. Inevitably, these factors created a nationalist surge across both the Raj and Nigeria, as …

The Effect Of Foreign Aid On Political Violence: Learning From Case Studies Of Nigeria And Sierra Leone, Charlotte Rohrer

Politics Honors Papers

Policymakers in OECD countries regularly cite reducing political violence as a fundamental purpose of foreign aid. For example, countries such as Pakistan and Iraq have received considerable amounts of aid meant to address the root causes of political violence. This project analyzes quantitative and qualitative evidence to assess whether foreign aid can reduce political violence. The quantitative and qualitative analyses study Boko Haram in Nigeria and the Revolutionary United Front in Sierra Leone to focus on regional and country-wide political violence. The study further focuses on aid projects in Sierra Leone and Nigeria as a means to reduce or curb …

The Impact Of Dutch Disease: The Case Of Nigeria, Halimat Atinuke Laguda

Masters Theses

Nigeria, over the years, has been showing a rapid appreciation of the domestic currency, a rise in real wages and the service sector and a slow-down in the industrial production which are all signs of presence of Dutch disease which predicts that a country with large natural resource rents may experience a de-industrialization and a lower long term economic growth. This paper analyses the impact of Dutch disease in Nigeria Ordinary Least square method, Two-Stage Least Square and Autoregressive Distributed Lag with a system of equation from 1981 to 2017 and found that the real wage rate emphasizes on the …

Youth Education, Unemployment And Entrepreneurship In Nigeria: Pointers For Accessing Sdg Goal 8, Tomilade Olominu

Young African Leaders Journal of Development

There exist a link between the youth and education-employment-entrepreneurship. This link expresses an age-long interaction and futuristic tendencies. It is such that the education of the youth determines their employability. Youth unemployment has however pervaded the make-up of the Nigerian society as such youth have resorted to entrepreneurship. Entrepreneurship or entrepreneurship education has gained general empathy as the solution to tackling unemployment. In the event of Sustainable Development Goal 8 which aims at promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all men and women regardless of their capabilities and incapabilities, how can …

Macroeconomic Instability Index And Threshold For The Nigerian Economy, B. A. G. Amoo, J. K. Achua, N. P. Audu, B. Hamma

Economic and Financial Review

The paper employed statistical algorithms, factor analysis and threshold autoregressive models to address the gaps in management of macroeconomic instability in Nigeria. Using data spanning 2010q1 to 2017q2, the findings showed that the values of macroeconomic instability index (MII) fluctuated between 0.316 and 0.609, with a threshold of 0.461. This showed an inverse relationship between macroeconomic instability and economic growth. This framework could serve as a mechanism to gauge early warning signal of instability in Nigeria.

Evaluation Of Monetary, Fiscal And External Inflationary Sources In Nigeria, Samson A. Aladejare

Journal for the Advancement of Developing Economies

This study focuses on evaluating the monetary, fiscal and external inflationary sources in Nigeria. The Auto-Regressive Distributive Lag estimation technique was adapted to capture these effects. Empirical findings of the study showed that overall, the main determining cause of inflation in both short run and long run periods in Nigeria, are more of monetary and external factors and less of fiscal sources. Specifically, the problem of inflation in Nigeria appears to be more of structural phenomenon than monetary in the short run. However, in the long run, combinations of monetary and external factors tend to be the major cause of …

On Being An Entrepreneur: The Nigerian Perspective, Olayinka K. Binuomoyo

Young African Leaders Journal of Development

It is common knowledge that the success of an economy rests on the strength of its entrepreneurs. Present-day challenges make it imperative for countries in the same bracket as Nigeria to deemphasize reliance on oil and government for social crumbs, to embrace innovative activities and deepen small and medium-scale enterprises (SMEs). SMEs are important drivers of economic growth but they face significant challenges as obtained in Nigeria where infrastructures such as power, transportation and financing needed to make entrepreneurship work seldom exists. With a high unemployment rate, young Nigerians are required to embrace entrepreneurship. The aim of this paper is …

Meaning, Nature And Scope Of Conflict In Nigerian Workplaces, Theophilius Adekunle Tinuoye

Young African Leaders Journal of Development

Conflict is a pervasive reality which resonates and occurs globally in diverse forms. UNDP (2014) noted that conflict and a sense of personal insecurity have pervasive adverse impacts on human development and leave billions of people living in precarious conditions. Conflicts have short and long term impacts which affect both conflicting and non-conflicting parties in different ways. This is most poignant at work, where workplace conflicts can escalate, inflict enormous harm on firms, employers, managers, employees, unions etc and pose a great threat to societal as well as national stability and progress. Hence, it becomes expedient for stakeholders at work …

Overview Of Non-Oil Sector In Nigeria., Uwatt B. Uwatt

Bullion

This paper is to enhance the understanding of the non-oil sector in Nigeria, The underlying need is the emphasis on why the sector should be embraced as the new economic bride, not only by the government, but by oil and sundry, to fast-track economic recovery and enhance sustainable growth.

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.

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 …

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 …

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 …

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."

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 …

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. …

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 …

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.

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,