Download Tag: ECONOMIC GROWTH IN NIGERIA

CHAPTER ONE 1.1     BACKGROUND OF THE STUDY The industrial sector means many things to many people. To some, it constitutes all business that engages in productive process, while to some others, it is synonymous with the manufacturing sector. According to Egwaikhide et al (2001), the Nigerian industrial sector is made up of four main types of industry processing, manufacturing, craft and mining industries. The bureau of public enterprises (2008) recognized ...

ABSTRACT Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational ...

Abstract This study examined and analyzed the impact of human capital development on economic growth in Nigeria, using time series data of 32 years spanning 1980 to 2012, data utilized for the study were extracted from secondary sources i.e. journals and publications, CBN and NBS. The Ordinary Least Square Regression technique was used to estimate the parameters of the model. Empirical results show that human capital development, in line with ...

ABSTRACT Government should provide an enabling environment for investment to be productive in Nigeria since real interest rate makes investment to go higher, that is investment is a kind of medium that links Investment and Economic growth. Secondly, Government should make policies both monetary and fiscal that will aid investment to be productive in other to be able to achieve the relationship between interest rate and economic growth and finally ...

ABSTRACT This study investigates on “An assessment of the impact of exchange rate fluctuations on economic growth in Nigeria”. The researcher uses multi-regression analysis to capture his result, by applying ordinary least square (OLS) techniques. The dependent variable Real Exchange rate (RER) was captured by independent variables which include; Real Gross Domestic Product (RGDP), Real Interest Rate (RINT), Trade Openness (TON), Real Money Supply (RMS) and Inflation Rate (INF). From ...

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY The concept of human capital refers to the abilities and skills of human resources of a country, while human capital development refers to the process of acquiring and increasing the number of persons who have the skills, education and experience that are critical for economic growth and development of a country’s economy (Okojie, 2005). Also, Ejere (2011) posited that human capital refers ...

ABSTRACT The study examined the energy consumption and economic growth in Nigeria, using the time frame 1986-2016 (30 years). It was established in the study that before the introduction of appropriate  energy consumption,  energy sector funds were grossly mismanaged, contracts were awarded based on ‘connection’ rather than on merit and high occurrence of corruption in Nigerian power sector. Since power sector has been seen as an important instrument tool to ...

CHAPTER ONE INTRODUCTION Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on  Real Gross Domestic Product (RGDP), External Debt ...

ABSTRACT The study focused on the contributions of commercial banks to economic growth of Nigeria. The specific objectives of the study include: to examined the effect of commercial bank loans on the gross domestic product, to ascertain relationship between commercial bank and total revenue in Nigeria, to determine the correlation between commercial bank and total monetary asset of Nigeria, and to explore the commercial bank on the net national income ...

Abstract This study provides new evidence on the long- and short-term effects of life insurance, banking, and stock markets on economic growth. Insurance activity is measured through three distinctive proxies such as net written premiums, penetration and density. The Hausman statistics confirmed that fixed effect model is appropriate for this data-set. This study explored the effect of life insurance, banking and stock market performance on economic growth in Nigeria. Insurance ...

ABSTRACT This study examines the significance of Capital Market performance on economic growth of Nigeria for the period. 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 only. The technique employed was multiple regression as tool of analysis for the study. The findings of the ...

ABSTRACT Economic growth refers to increase in a country’s potential GDP, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy to achieve accelerated economic growth. Tanzi (1994) observes that fiscal policy applies to the use of fiscal instruments (taxation and spending) to influence the working of the economic ...

CHAPTER ONE Introduction 1.1      Background of the study Stock markets may affect economic activity through the creation of liquidity. It contributes to economic development by enhancing the liquidity of capital investments. Many profitable investments require a long-term commitment of capital, but investors are often reluctant to relinquish control of their savings for long periods. Liquid equity markets make investment less risky--and more attractive--because they allow savers to acquire an asset--equity--and to ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian government has made significant efforts in recent years, not only in the fair distribution of such facilities to different parts of the country but also to increase the quality and improve the quality of such facilities. The development of infrastructural facilities today is the responsibility of the Federal and state government. However, it should be noted, that until recently most of ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF STUDY The capital market is a highly specialized and organized financial market and indeed an essential agent of economic growth and development because of its ability to facilitate and mobilize savings and investment. To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996). Success in capital accumulation and mobilization for development ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY Following the suggestion of John Maynard Keynes, Government has been playing a serious role in most economies of the world, the government usually inter-vanes in the most economical to achieve macro-economic goals, price stability, creation of employment achieve industrialization and maintain a reasonable level of economic growth. The government of Nigeria is not left out in this quest. The relationship between government ...

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 only. The technique employed was multiple regression as tool of analysis for the study. The ...

ABSTRACT Attaining a sustainable level of economic growth which would further translate into economic development is the major aim of policy makers in various countries as it impacts positively on the citizenry and drives the economy even further to a better level of equilibrium than that which it currently finds itself in. Various studies have looked at the impact of macroeconomic determinants used in this study either individually or as ...

INTRODUCTION Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on  Real Gross Domestic Product (RGDP), External Debt Stock, External ...

Abstract   The link between public expenditure and economic growth has attracted considerable interest on the part of both economic researchers and policy makers both at the theoretical as well as empirical levels. Two strong but opposing views exist in the public expenditure literature, namely, the Keynesians - government spending is an important policy tool to be used to ensure a reasonable level of economic activity, correct short-term cyclical fluctuations ...