Download Tag: ECONOMIC GROWTH

ABSTRACT This empirical study examined the impact of financial sector development on Nigerias economic growth 1981 to 2014. Secondary data on real gross domestic product (RGDP), used as a proxy for economic growth; where financial development was captured by three variables; Ratio of Money Supply to GDP (MGDP), Ratio of Credit to Private Sector to GDP (CPGDP) and Real Interest Rate (INT) which represented the explanatory variables and were  sourced ...

ABSTRACT The study examined the relationship between infrastructural spending and economic growth in Nigeria between 1980 and 2015. More specifically, the study assessed the impact of infrastructural spending on health, education, agriculture and oil on economic growth in Nigeria. Data collected on the variables of interest were subjected to the econometric techniques of Unit-root test, Johansen Cointegration test, Ordinary Least Square, Error Correction Model and Granger causality test. Result from ...

ABSTRACT The study examined an evaluation of monetary policy in Nigeria and its impact on economic growth. More specifically, the study sought to assess monetary policy and economic growth in Nigeria. The study focuses on major growth components such as the Gross Domestic Product (GDP), and price level, while qualitative research method was adopted. The variables of interest germane of the study are real gross domestic product (RGDP), broad money ...

ABSTRACT The study examined the impact of tourism earning on economic growth in Nigeria between 1996 and 2016. The study sought to ascertain the vibrancy of tourism industry on the Nigerian economy. A model was specified in which tourism earning, inflation rate and exchange rate are expressed as a linear function of economic growth (proxy by real GDP). The econometric techniques of Augmented-Dickey Fuller test, Johansen Cointegration test and the ...

ABSTRACT The study examined the impact of power generation on economic growth in Nigeria between 1980 and 2016. Economic growth was proxy as real GDP while power generation was surrogated as electricity generated from hydroelectric, oil, natural gas and coal. In addition, power consumption per capita was utilized as control variables. The econometric techniques of Augmented-Dickey Fuller unit root test, Johansen Cointegration test and Error Correction Model were employed. The ...

ABSTRACT This research work is on the impact of government expenditure on economic development in Nigeria. The main objective of this study is to empirically examine the impact of government expenditure on economic development in Nigeria. This research work made use of secondary data which were obtained from the Central bank of Nigeria Statistical Bulletin (2016). The data were collected for a period of thirty six years (i.e. 1981-2016). The ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In Nigeria and in other developing countries alike the problem of credit extension to the rural dwellers (who usually dominate the population) and cannot afford the much sough collateral being demanded by conventional financial institutions has been such a persistent Nigeria case, that government after government have been making persistent efforts to remedy the situation. The financial needs of these rural dwellers ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In Nigeria and in other developing countries alike the problem of credit extension to the rural dwellers (who usually dominate the population) and cannot afford the much sough collateral being demanded by conventional financial institutions has been such a persistent Nigeria case, that government after government have been making persistent efforts to remedy the situation. The financial needs of these rural dwellers ...

CHAPTER ONE INTRODUCTION 1.1      BACKGROUND TO THE STUDY A budget is a framework for revenue and expenditure outlays over a specified period usually one year (Olurankise 2012). The role of budget in an economy cannot be overemphasized Olomola (2009). It is an essential factor for economy in facilitating and realizing the vision of government in a given fiscal year. Olomola (2009) opined that the budget process has always been coming ...

CHAPTER ONE INTRODUCTION 1.1      Background to the Study As at today, Nigeria occupies the unenviable position of number one country in Africa with largest number of people with no access to financial services. According to data compiled by Micro Finance Information Exchange (MIX) last year, Nigeria and the Democratic Republic of Congo were found to have the largest gaps between populations living in poverty and those with no access to ...

ABSTRACT The study examined the effect of public debt on economic growth in Nigeria, using the time frame 2000-2015 (5 years). It was established in the study that before the introduction of appropriate  government expenditure, public funds were grossly mismanaged, excessive borrowing, high occurrence of corruption in Nigerian public sector which as lead to surplus debt on the economy. The study employed the descriptive survey design in conjunction with the ...

ABSTRACT This study examined the impact of government expenditure on inflation in Nigeria. This research work made use of secondary data which were collected from the central bank Nigeria Statistical Bulletin (2017). The data were collected for a period of thirty two years (i.e. 1981-2017). The Study establishes the order of integration of individual time series through the unit root test and also subjected all the variable to stationary test, ...

CHAPTER ONE INTRODUCTION 1.1   Background to the Study One of the key macroeconomic objectives of a nation is the achievement of sustainable economic growth. To achieve this goal, every Government requires a substantial amount of capital finance through investment expenditures on infrastructural and productive capacity development (Umaru, Hamidu and Musa, 2013). Consequently, this facilitates the growth of their gross domestic product (GDP), which if persistent should culminate in economic development, ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Monetary and Fiscal policies are the two major macroeconomic policies obtainable anywhere in the globe to achieve economic growth and sustainable development. Nigeria is not an exception of the countries whose major macroeconomic policies are monetary and Fiscal policy. One of the major objectives of monetary and fiscal policies in any economy is the achievement and maintenance of economic growth. The achievement ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND TO THE STUDY Exchange rate plays an increasingly significant role in any economy as it directly affects domestic price level, profitability of traded goods and services, allocation of resources and investment decision. The stability of the exchange rate is today a formidable bedrock of all economic activities. Since the adoption of the Structural Adjustment Programme (SAP) in 1986, Nigeria has moved to various types of floating ...

ABSTRACT This research work Globalization and its impact on the growth of the Nigerian economy from periods of 1986 to 2008 is basically to determine the impact of globalization on the Gross Domestic Product of the Nigerian economy as well the impact of financial integration on the Nigerian economy. It was found out in recent years that the Nigerian economy has developed economically wise due to globalization. Globalization being a ...

ABSTRACT The research work studied the national savings and Nigerian economic growth, spanning from 1970-2007. The study adopted Ordinary Least Square (OLS) single equation model. Using time series data over the period, the work shows that National Savings is not significant at SY level and it granger causes real gross domestic product. The study also shows that exchange rate is significant in its contribution to economic growth. The investment as ...

CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY Every country in the world aim at achieving economic growth and development. However, this is only possible if a country has adequate resources. In developing countries, especially those in sub Sahara Africa, the resources to finance the optimal level of economic growth and development are in short supply. This is as a result of the economies ploughed with problems of low domestic savings, low ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO 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 all over the country. Traditionally, microfinance in Nigeria entails traditional informal practices such as local money ...