ABSTRACT A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian stock exchange […]

ABSTRACT This study investigated the Impact of state Government Taxation on the Nigerian Economy with a view to determine its implication on economic behaviour and Gross Domestic Product (GDP). To achieve this purpose, research questions were raised, hypotheses were formulated and a review of extant literature was made. The population of the study consisted of […]

CHAPTER ONE 1.1 BACKGROUND OF STUDY 1.2 STATEMENT OF PROBLEM One of the functions of the Central Securities Clearing System is certificate dematerialization but most investors are not aware of the operations of the CSCS nor of the facility as they prefer to keep the paper certificate. From January 1, 2009, investors shares were being […]

CHAPTER ONE INTRODUCTION 1.1     OVERVIEW OF THE STUDY The Nigeria economy as we all know is characterized by a number of socio- economic problems. These problems include: import dependence, dependence on a single economic sector, weak industrial base, a low level of agriculture production, a weak private sector, dependence on foreign loan, regional inequalities […]

CHAPTER ONE 1.0     INTRODUCTION: 1.1     OVERVIEW: One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services such as electricity, pipe-borne water, hospitals, schools, good roads and as well as ensure a rise in per capital income, poverty alleviation, maximize the utility of its citizens, improve […]

CHAPTER ONE INTRODUCTION 1.1     AN OVERVIEW OF THE STUDY  In every country, there exist a financial system that is responsible for the regulating the financial environment of the country, determine the types and amount of funds to be issued, cost of funds and the uses of these funds. The financial system plays fundamental role in […]

ABSTRACT The study examined the impact of domestic debt on economic development of Nigeria with a view to determining amongst other the relative importance and impact of domestic debt on economic growth (GDP) of Nigeria. The study adopted qualitative research focuses on secondary data from CBN. Data relating to domestic debt stock, Gross Domestic product, […]

BACKGROUND 1.2 STATEMENT OF THE PROBLEM The level of poverty that this country is in now demands that this poverty alleviation mechanism intended to be an emergency, to address some of the most urgent social concerns of the Nigeria’s vulnerable groups, such as the poor, widows, orphans, the disabled, the urban poor, the urban displaced (like […]

ABSTRACT This research work conducted with special reference to the budgetary system of Emenite Nigeria Limited with the view to ascertain the major role budgets play in the achievement of profitability for an organization. Budget as a profit planning device sets standards of performance of manager, while budgetary control is a tool implored by management […]

ABSTRACT This study examines the determinants of savings in Nigeria   between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings […]

ABSTRACT. The purpose of this study is to examine the determinants of investment in the  Nigeria economy making use of time series data for the period 1970-2003. The study employed the Ordinary Least Square (OLS) and the Cochrane Orcutt technique of estimation. The main conclusion which emerged from the analysis is that increase in investment […]

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY The term leverage is used to represent the proportionate relationship between debt and equity (Pandey, 2010). The concept used to study the effect of various mix of debt and equity on the shareholders return and the risk in the capital structure of a firm is known as […]

CHAPTER ONE  INTRODUCTION 1.1 Background to the study The regulatory quality captures perception of the ability of the government to formulate and implement policies, regulate permit and promote private sector development.Effective regulation achieves the social welfare goals set down by the government for the regulatory authority. In developing countries, the social welfare objectives of regulation […]

1.1 BACKGROUND OF STUDY Nigeria as a country has being under continous change politically; the issue of budget and budget planning and development varies from one political administration to the other. With the incoming of new political administration, a new budget planing and implemetation will be the order of the day. Before we go deep […]

TABLE OF CONTENTS   Title page    –        –        –        –        –        –        –        –        –        –        i Declaration  –        –        –        –        –        –        –        –        –        –        ii Approval page        –        –        –        –        –        –        –        –        –        iii Dedication   –        –        –        –        –        –        –        –        –        –        iv Acknowledgement –        […]

CHAPTER ONE 1.0     INTRODUCTION 1.1     BACKGROUND OF THE STUDY The Nigerian capital market is a long term end of the Nigeria financial system just as the money market is its short-termed in other words, the capital market performs for the economy, at the long-term end, the functions which the money market performs at the short-term end of […]

ABSTRACT This study centers on the effect of socio-economic background of Adolescent students on the academic achievement in senior secondary schools in Udi education zone, of Enugu state. In investing the above, data were obtained through questionnaire administration method. Also, libraries and internet the percentage analysis method was used to analyzed the responses elicited from […]

Abstract The study was carried out to determine the role of continuous assessment in teaching and learning of Economics in Enugu South L.G.A. Specifically, the objective of the study include the following (i) To find out the extent of teacher compliance with the continuous assessment standards. (ii) To determine the ways of assisting teachers in […]

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY 1.1 Tax is a financial issue and its payment is a civil duty. It is the imposition of a financial burden for the government on individual firm and companies. In general based, the word tax means any contribution imposed by the government upon individual and companies for the […]

ABSTRACT This study was intended to evaluate capital market structure and development. The study was guided by the following objectives; to analyze and evaluate the capital market structure in aiding the development of the Nigerian economy. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to […]

CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this […]

CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this […]

CHAPTER ONE INTODUCTION 1.1 BACKGROUND OF STUDY The Treasury Single Account (TSA) policy came into being by the federal government of Nigeria to minimize or completely block all financial leakages in other to promote transparency and to reduce the level of mismanagement of government’s revenue, the essence of treasury single account is majorly to bring […]

TABLE OF THE CONTENTS Title Page Certification Table of content CHAPTER ONE: INTRODUCTION Background of the Study Statement of the Problem Research Questions Research Hypotheses Purpose of the Study Significance of the Study Scope and Delimitation of the Study CHAPTER TWO: REVIEW OF RELATED LITERATURE Conceptual Framework Chemistry Teaching in Secondary Schools Trends in Achievement […]

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The rate at which frudulent activities is going on in the country these days is becoming unbearable; the federal government of Nigeria and the CBN have being on their toes to resolve the issue of frauds and to boost financial security in most of the Nigerian banking […]

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria is one of the greatest countries in the whole of West Africa. It is known for her high level participation in the world trade relations. The country got registered with the world trade organization (WTO) in December 1994 and became a founding member in January, 1995. […]

ABSTRACT It is because of social issues like, economic inequalities, unemployment and lack of funds that made the Government of Nigeria to privatized some of their public sector as a means or medium for economic and social development due to poor managerial skill, weak technology base e.t.c this enhanced the zeal to establish various enterprises […]

ABSTRACT The focus of this research “An Analysis of the Impact of NAPEP on Entrepreneurship development in Nigeria” was to access the impact of entrepreneurship activities in Nigeria, a case study of Abia State. The programme was designed by the government to cater for unemployed youth and jobless person all over the country. To arrive […]

CHAPTER ONE INTRODUCTION 1.1     Background of The Study Privatization has become a major strategy adopted world over to improve the performance of public enterprises. It is a known fact that one feature of public enterprises all over the world but more importantly in developing countries of Africa especially Nigeria is inefficiency, bureaucracy of public enterprises and […]

ABSTRACT The study investigates the impact of government expenditure on economic growth of Nigeria from the period 1980-2011. The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and specification of model […]

ABSTRACT This research study, by means of a robust statistical analysis investigates the impact of deposit money bank on the manufacturing sector in Nigeria. Data from 1980-2012 were examined. The empirical analysis carried out showed that the lag of exchange and commercial bank credit have a significant and positive impact on manufacturing sector in Nigeria […]

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Most developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Some economist and analysts are of the view that industrialization plays a major role in the economic growth […]

ABSTRACT This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are […]

ABSTRACT This study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 1990-2014. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the […]

ABSTRACT A major engine of economic growth and development of any nation is the stock market. It impacts positively on the economy by providing financial resources through its intermediation process for financing long term projects. These projects could be promoted by governments or private institutions. The analysis scope covered a period of twenty-five years spanning […]

ABSTRACT This research work on A Comparative Study of Expenditure Controls method in Government and private Hospitals is aimed at studying and analysing the different methods of expenditure control that is being adopted by these hospitals, their practical application and their level of effectiveness. It is aimed at carrying out a comparative analysis of two […]

Abstract Corn can be harvested to produce ethanol. Credit: Warren Gretz Unlike other renewable energy sources, biomass can be converted directly into liquid fuels – biofuels – for our transportation needs (cars, trucks, buses, airplanes, and trains). The two most common types of biofuels are ethanol and biodiesel. Ethanol is an alcohol, the same found in beer and […]

ABSTRACT Today, millions of people in the world are without food especially in the developing world which has been of great concern as stipulated in the United Nations millennium development goal 1, sub-targets A, B and C to fight hunger, povertyand starvation across the world and ensure environmental sustainability(UNCSD, Aug, 2011) .This study investigated the […]

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY In developed and developing countries there are wide range of taxes and levies that affect individuals and companies, citizens and foreigners, manufacturers and marketers, workers and pensioners . In Nigeria taxes range from petroleum profits taxation to tenement rate imposition, and taxes are imposed at different levels […]

Abstract The global economic crisis, which erupted with the meltdown of the United States subprime mortgage market in 2007, has been described as the severest since the Great Depression. The crisis was subsequently spread from the United States to other economies, both in developed and developing countries. In the case of Nigeria, the emergent global […]

Abstract The purpose of this study is to investigate the impact of the global financial crisis on the Nigerian stock market. To achieve this purpose, research questions were raised, hypotheses were formulated and a review of extant literature was made. The survey method of research design was adopted in an effort to generate the required […]

Abstract: The purpose of this study is to examine the changing trends of the global financial crisis and its effects on the Nigeria economy. It aims to study the rising success of the policy responds by the Central Bank of Nigeria, using banking sector and the economy as a focal point. Descriptive method data analysis […]

BACKGROUND TO THE STUDY The most recent and significant development in the banking industry is the emergence of Islamic Banking System and Interest-Free Banks (IFBs) in Nigeria through the CBN guideline on non interest banking. This is in response to the failure of the conventional interest based banking system to cater for the developmental needs […]

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY It would be observed that, despite the presumed developments in the Nigerian economy, the country is still largely being regarded as a developing country (Onyema, 2006). More so, its industrial growth is not quite impressive. Before the emergence of formal microfinance institutions, informal microfinance activities flourished […]

CHAPTER ONE 1.0 INTRODUCTION As the International Monetary Fund, IMF observed, the extent and severity of the crisis that began with the bursting of the housing bubble in the United States in August 2007 reflects the confluence   of myriad of factors some of which are familiar from previous crises, while others are new. As in […]

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Cocoa farming has really contributed to most of the agricultural sectors in Nigeria. As we all know; agriculture has done a lot in the time of old even when crude oil was not the major source of revenue in Nigeria. Agriculture has provided food for almost the […]

CHAPTER ONE  INTRODUCTION 1.1      BACKGROUND OF THE STUDY In a depressed country like ours, global development is entering a phase where entrepreneurship will increasingly play a more important role. There is a need for the Nigerian economy to sustain growth through sustainable access to resources, knowledge, markets, and industrialization putting a premium on innovative entrepreneurship. There […]

CHAPTER ONE 1.0     INTRODUCTION 1.1     BACKGROUND OF THE STUDY: The need for the monetary and fiscal policies had always existed, though not really recognized in the banking system and in the economy at large. The increase rate of money circulation in the economy, due to the rapied growth of commerce and industry has made the […]

Table of Contents CHAPTER ONE Introduction 1.1     Background of study 1.2    Statement of the problem 1.3    Objectives of the study 1.4    Significance of the Study 1.6    Research Question 1.5    Research Hypothesis 1.6    Scope and Limitations of the study 1.7    Definition of Terms References CHAPTER TWO 2.1    Theoretical Framework of the study 2.2     Empirical Literature References […]

ABSTRACT The currency of a nation is made to appreciate. Is this appreciation made at the expense of the foreign market determinant? Or is it as a result of the country’s effort? It is the aim of this research work to find out if Nigeria apply foreign exchange rate controls, is naira appreciation what we […]

BACKGROUND OF THE STUDY This research work focuses on how cooperative thrift and credit societies influence or enhance member’s living standard. Unlike other cooperative society, thrift and credit societies are formed with the aims of improving the standard living of their members. Thrift and credit societies started from Germany by Fredrick Wilhelm Raifferson in the […]

CHAPTER ONE Background to the Study Definition of marble mining: what is marble? Marble can be defined as a type of had store that is usually white and often has coloured lines in it. It can be polished and is used in building and for making status etc. a slab / block of marble, a […]

STATEMENT OF PROBLEMS The problems are as follows: Social disinterest: In contribution of the up-keeping of the government. It is said to find top functionaries of government and well placed people in the society circumvent, payment of taxes, fees, licenses etc. Economic development: This state of economic development of the society also affects revenue collection […]

ABSTRACT This paper “exchange rate fluctuation and e determine the effect of foreign exchange dynamism on the country’s export performance from 1961-2011. Research results from the economic tool of regression analysis obtained shows that fluctuations in the naira exchange rate affect manufacturing and agricultural exports more than it affects oil export. To reduce the impact of […]

CHAPTER ONE INTRODUCTION 1.1      Background of the study The A brief look at Nigeria today one can find out that we like fashion and everything new in Nigeria, the spirit that greeted the issue of globalization at its climax in 2000 seemed to have reduced. The word globalization also seems to have gone the internet, computerization […]

ABSTRACT In these last years there has been an increasing literature developing DSGE Open Economy Models with market imperfections and nominal rigidities. It is the so called”New Open Economy Macroeconomics”. Up to now within this class of models (and differently from what it is happening in New Keynesian closed economy models) relatively little attention has […]

ABSTRACT In the ranking of the largest economies of the world measured by their gross domestic products in terms of 1995 constant US$, China and India stood at the 19th and 20th positions in 1980 but in 2005 the ranking places them at the 7thand 12th positions respectively. Such a quantum jump of these two economies, particularly China, […]

Abstract We propose in this article a Composite Logistic Regression (CLR) approach for ordinal panel data regression. The new method transforms the original ordinal regression problem into a number of binary ones. Thereafter, the method of conditional logistic regression (Chamberlain, 1984; Wooldridge, 2001; Hsiao, 2003) can be directly applied. As a result, the new method […]

ABSTRACT Capital flight from developing countries represents a lost potential for economic growth and development. In the contemporary literature of development economics, there has been increasing attention to the notion of capital flight. Many analysts have attributed sluggish economic growth and persistent balance of payments deficits in most developing counties to capital flight (Ajayi, 1996). […]

ABSTRACT The paper investigated the empirical relationship between broad definition of money, real income, interest rates, expected inflation and expected exchange rate and examined the constancy of this relationship in the light of economic reforms that had taken place in Nigeria since 1987. The study confirms a long-run relationship between real balances, income, interest rates, […]

ABSTRACT This paper investigates the economic rationale for intervention in support of small- and medium-scale enterprises, on both theoretical and empirical grounds. It arguesthat the justification for SME interventions lies in market and institutional failures that bias the size distribution of firms, rather than on any inherent economic benefits provided by small firms. The role […]

Abstract In this note, we propose a cluster method as a simple predictive tool to forecast exchange rates (specifically the Japanese Yen and the British Pound against the US Dollar). The general goal in this study is two-fold. First of all, we verify whether or not we can accurately predict the exchange rate movements using […]

ABSTRACT The question of the optimal monetary regime for small open economies is still wide open. On the one hand, the big selling points of floating exchange rates – monetary independence and accommodation of terms of trade shocks – have not lived up to their promise. On the other hand, proposals for credible institutional monetary […]

ABSTRACT The demand for money is at the heart of how policy should be conducted effectively. Money demand serves as a conduit in the transmission mechanism for monetary policy so the stability of the money demand function is critical if monetary policy is to have predictable effects on inflation and real output. In most developed […]

Abstract This study is a reevaluation of the effect of human capital accumulation on economic growth using natural disasters as an instrument. The total population for the study is 200 staff of ministry of economic development, Abuja. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for […]

Abstract The objective of this paper is to estimate a small model of the euro area to be used as a laboratory for  evaluating  the  performance  of  alternative  monetary  policy  strategies. We  start  with  the relationship between output and inflation and investigate the fit of the nominal wage contracting model due to Taylor (1980) and […]

INTRODUCTION The extent of financial integration in the modern world, reflected in the magnitude and pervasiveness of financial flows, has served to intensify research on the economic functioning of foreign exchange markets. In the open economy, international financial flows will ensure that interest rate parity is maintained for assets of similar maturities, or that the […]

ABSTARCT This study was carried out on the effect of cryptocurrencies on the value of the Nigeria Naira. To achieve this, 6 significant research objectives were formulated. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of staff of First Bank Plc. branches in Gwarinkpa, […]

LIST TABLES Title Page———ii Certification ———iii Dedication ———iv Acknowledgement ——–v Table of Content ——–viList of Tables ———viii List Plates ———ix Abstract ———x CHAPTER ONE: INTRODUCTION Background of the Study——-1 Statement of the Problem ——3 Objectives of the Study——4 1.4Hypothesis of Study ——-4 1.5The Need for the Study ——4 CHAPTER TWO: LITERATURE REVIEW 2.1Flooding ——–6 2.2Causes […]

ABSTRACT The study was anchored on the general notion that sustainable industrial growth is very vital to economic growth and development. Nigeria has transited from different industrial phases and development stages without meaningful contribution to growth and development in Nigeria. The contributions of the sector, growth and employment is generally very low. It is a […]

ABSTRACT   This research work was embarked upon with aupon with a view to determine the impact of the capital market on the economic growth of Nigeria. The capital market was set up to achieve specific objectives which would boost the economy such as encourage domestic savings and increasing the quantity and quality of investments. […]

Abstract    This study examined the role of financial institutions in agricultural development. A case study of Nigeria Agricultural Cooperative and Rural Development Bank, with a view to make useful suggestions and recommendations as way of enhancing the development of agricultural sector. The population for the study includes large and small scale farmers and the sampling […]

ABSTRACT  The study looks at the impact of deregulation of monetary policy on Nigerian commercial banks; A case study of some selected commercial banks in Oghara, Delta State. The monetary policies pursued prior to 1985 made the Nigeria economy price distortions created by a highly over-valued currency and inappropriate pricing of loan interest and other […]

ABSTRACT This study, the role of small and medium sized enterprises for economic growth, was undertaken to find out how SME sub-sector in Nigeria has performed and its impact on the economic growth of the country. Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. […]

Abstract This paper attempts to reconcile the often inconclusive evidence on the impact of FDI on growth by taking two into account the heterogeneity both among industries and among countries. Using a comparable database at the industry level for 35 countries in OECD, Asia and Eastern Europe from 1987 to 2002, we test both stage […]

ABSTRACT The main objective of this project work is to critically examine the influence of taxation on the Nigerian economy. There is a considerable debate over the appropriate role for the tax policy in Nigeria. In one view, likes reduces deficits and ease budgetary pressures, thereby emphasizes the distortionary effects associated with increased taxation and […]

ABSTRACT The opportunities occurring from globalization (which is the process of greater integration of world economies through increasing flow of goods, services, capital, ideals and people), to participating countries have been an issue of controversy in the past decades. This is because some economists or scholars opine that it is imperative to any nations growth […]

ABSTRACT This study examined the impact of financial sector reforms on the performance of the Nigerian banking sub-sector. The study aimed to test the impact of financial sector reforms lags on the performance of the banking sub- sector. Variables were incorporated in the model to capture other variables that can impact on the performance of […]

ABSTRACT The aim of this study is to empirically analyze the impact petroleum subsidy has had on petroleum products consumption in Nigeria over the period (1980-2010). Subsidy has been defined as a sum of money granted from public fund to help an industry or business keep the price of a commodity or service low. There […]

CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY Nigeria as a developing nation has been faced with a lot of problems, such as inadequate healthcare, poverty, illiteracy, unemployment, poor infrastructure and over reliance on oil, crime, corruption, poor macro- economic management, political instability etc. These are undoubtedly a challenge to the educational system. National Diploma (ND) programme, […]

CHAPTER ONE 1.0  INTRODUCTION 1.1  BACKGROUND TO THE STUDY Family is the oldest human institution in many ways, it is the most basic unit. It is society’s most basic unit. The entire civilization have survived or disappeared depending on whether family life was strong or weak. Before the institution is established, there must be a […]

REVIEW OF LITERATURE This chapter focuses on the review of related literature. It aims at examining studies, publications made by different scholars in the past which formed textbooks, journals, magazines, unpublished project (research) works. For the purpose of carrying out effective review of literature on the topic; the researchers organized the review into the following […]

CHAPTER ONE INTRODUCTION 1.1      Background of the study The Nigeria economy has witnessed a great degree of instability ever since the end of Civil War. From 2.48824 to 1.24414 grains of fine gold following the exchange of the Nigerian Pound to Naira in 1973, fixed exchange rates were establish for both Pound sterling and the US […]

ABSTRACT This study was motivated by the growing concern on the impact of Institutional Quality on economic outcomes. The study focused specifically on the Nigerian Stock Market due to its critical role in the economy as a vehicle for efficient resource allocation. The Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed using data from […]

ABSTRACT The study investigates relative impact of financial sector reforms on agricultural and manufacturing sector growth in Nigeria. To guide the study, Ordinary Least Square technique was adopted and Eviews 8.0 econometric software was utilized for the analysis. A time series quarterly data sourced from Central Bank of Nigeria Statistical Bulletin 2009 and 2013and it […]

Abstract Population factors are the dynamics that affect economic growth which comprises population growth, mortality, fertility and age-structural change as well as urban growth/urbanization. Owing to these, human population is increasingly affecting global climate through energy consumption. Globally, among several pollutants contributing to climate change, carbon (CO) emissions account for more than 75% of greenhouse […]

ABSTRACT This study investigates the effects of budget deficits on selected macroeconomic variables in Nigeria and Ghana using annual time-series data of both economies covering from 1970 to 2013; and taking previous empirical studies as its point of departure. The specific objectives of the study include: to examine the effects of budget deficits on interest […]

ABSTRACT The study investigated the impact of financial sector reform on money demand and the rate of economic growth in Nigeria. The residual based autoregressive distributed lag-error correction model (ARDL-ECM) was used to analyse the study with a time series data sourced from the central bank of Nigeria statistical bulletins and World Bank Development Indicators […]

ABSTRACT This study empirically examine the impact of inflation on private consumption expenditure and economic growth in Nigeria using an annual time series data spanning from 1981-2012. In this study, modern time series econometric methodology such as Unit Root Testing, Johansson Co-integration test, Vector error co-integration granger causality test(VEC) and Vector Error Correction Model (VECM) […]

ABSTRACT The importance of investment in economic growth cannot be overemphasized. This has led to an upsurge in the study of its determinants. This research therefore, seeks to investigate the impact of interest rate liberalization on investment in Nigeria from 1970-2012. Using the Error Correction Model (ECM), the result indicates that a long run relationship […]

ABSTRACT This work investigates the determinants and impact of Foreign Direct Investment (FDI) on Nigerian economy. FDI has become a debatable and topical issue across the globe because of its key role in bridging the savings gap in Least Developed Countries (LDCs). Theoretical argument that savings translate to investment is well documented in literature. Two […]

Abstract The policy of deficit budgeting had grown tremendously in Nigeria between 1985 and 2008.The essence was to help accelerate the growth of capital in Nigeria using the policy of deficit budgeting as formulated by Keynes. The statement of the problem is: To what extent is the policy of deficit spending applicable to Nigeria as […]

Abstract This thesis investigates the effects of unemployment and inflation on economic growth in Nigeria between 1986-2012 through the application of Ordinary Least Square (OLS) technique in estimating the effects of unemployment and inflation on growth, Augmented Dickey-Fuller test and Phillip‟s-Perron test statistics were employed to test the presence of unit root in the series, […]

Abstract The study examined empirically Government Health care financing and Workforce Productivity. The variables examined were workforce growth rate as a proxy for workforce productivity, government capital, recurrent and total expenditure, GDP and the total government expenditure as a percentage of GDP. A Vector Autoregressive (VAR) model was estimated using the Nigerian annual time series […]

ABSTRACT The Nigerian financial system experienced series of reforms and amidst these reforms an important component of the sector, the capital market has demonstrated an impressive performance evidenced from its growth especially in the last decade. Coupled with this development, the Nigerian economy has also experienced growth which did not significantly translate into positive improvements […]

ABSTRACT This study examines the impact of Capital Market performance on economic growth of Nigeria for the period 1983 – 2010. Economic growth was proxied by gross domestic product while capital market performance was measured by market capitalization, total new issues, volume of transaction and listed equities. Data was collected using secondary source of data […]

Abstract This study attempts to examine the impact of Deposit money banks’ investment on treasury Bills and the impact thereof on the amount of credit extended by these banks to the private sector in Nigeria. The study estimated a model which suggests that supply of loans and advances by DMBs was a function of Total […]

Abstract There is the global recognition of the importance of expectations in the conduct of monetary policy, which can be attributed to the growth of financial markets, and the fact that economic fundamentals are driven, by expectations of the market agents. In an ever changing economic and financial environment, the CBN would require all the […]

Abstract This study assessed the impact of the liberalization of the Nigerian financial system on the structural changes witnessed in the system as a result of liberalization as well as the impact of the resulting structural change on economic growth using a three stage least in a system of three endogenous variables. System of equations […]

ABSTRACT This study aimed at analyzing through econometric methodology the effects of monetary policy in Nigeria economy. To meet the above objective, output growth was chosen as the dependent variable while real exchange rate, real interest rate and inflation was chosen as the independent variable. The ordinary least square was used in the regression estimation. […]