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CHAPTER ONE INTRODUCTION 1.1       BACKGROUND OF THE STUDY Over the year, Nigeria government has been making series of effort attaining a highly industrialized self-reliant economy. These efforts have been due to the obvious realization by the government of the important of industrialization in economic development of economy and so the importance of manufacturing sector of Nigerian economy cannot be over-emphasized. The sector only provides the finished good, which we need but ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY The Central Bank of Nigeria is responsible for implementing monetary policy, regulating and supervising banks, and operating the payments system. With these responsibilities come the authority to raise and lower national interest rates in the banking industry. Interest rate movements help balance inflation and keep the economy stable. When the economy slows and inflation is high, the CBN raises interest rates to ...

ABSTRACT This research work studies trade liberalization how it was put place to rationalize the use of scarce resources to sustain Pareto optimality perspectives and promote efficiency in the development of manufacturing sector in Nigeria. However, the main aim and objectives of the study is to analyze the importance of trade liberalization coupled with the challenges being faced in development of manufacturing sector in Nigeria, and this is achieved through ...

ABSTRACT This research work is geared at evaluating the effectiveness of manufacturing sector in promoting economic development in Nigeria. This is very essential in the Nigerian economy is characterized by GDP dependence on manufacturing output.  Indices of exchange rate, capacity utilization, electricity supply and industrial output are hereby studied for the period of 1985-2007 with respects to the effectiveness of manufacturing sector in promoting economic development in Nigeria. A simple linear ...

Abstract The importance of manufacturing sector to the growth of any economy and survival cannot be overemphasized. In an attempt to advance on this, this study attempts to investigate the assessment of the impact of manufacturing sector on economic growth in Nigeria from 1980 – 2015, Ordinary Least Square (OLS) econometric technique was used on time series data of relevant variables of manufacturing Output, investment and capacity utilization; The study ...

ABSTRACT The study investigated the relationship between twin deficit and manufacturing sector of Nigerian economy for the period of 34 years (1981 to 2015). The study adopted the time series data using the OLS estimation technique to analyze the data. The model was estimated using a linear specification methodology. It was discovered Current account deficit and fiscal deficit exerts a negative and significant relationship with manufacturing output in Nigeria while ...

ABSTRACT This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent ...

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 estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and ...

ABSTRACT Prominent among the obstacles facing the performance of manufacturing sector in Nigeria is the lack of effectively bank credits to the manufacturing sector of the economy. The banks especially the commercial ones have not been contributing effectively to the output of manufacturing sector of the economy. This study takes into cognizance the problems of manufacturing sector in Nigeria.  Beside; it looks into the various economic effects of inefficiency of bank ...

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 within the period under review, and as such the monetary and capital market in Nigeria ...

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 the log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out ...

CHAPTER ONE Manufacturing is the ability to produce goods with labor, materials and inputs produced by others. Simple forms of production have characterized all organized societies, but the application of steam power for production in Britain in the late eighteenth and nineteenth centuries significantly increased production capacity, and since first industrial revolution, economic progress has in many peoples minds was associated with the ability to produce and trade in manufactured ...

CHAPTER ONE 1.0 BACKGROUND OF STUDY Prolonged economic recession caused by the collapse of world oil market from the early 1980s and the concomitant fall in foreign exchange earnings have affected the growth and economic development in Nigeria. Other problems of the economy include excessive dependence on imports for consumer and capital goods, dysfunctional social and economic infrastructure, unprecedented drop in capacity utilization rates in the industry and neglect of ...

ABSTRACT This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent ...

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 1980-2011 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 within the period under review, and as such the monetary and capital market in Nigeria ...

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 estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and ...

ABSTRACT This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and the result shows a positive and ...

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY The manufacturing sector plays a significant role in economic development. Industrialization acts as a catalyst that accelerates the pace of structural transformation and diversification of economic, enable a country to fully utilize its factor endowment and to depend less on foreign supply of finished goods or raw materials for its economic growth, development and sustainability. Industrialization which is a deliberate and sustained application ...

ABSTRACT Conventional approaches of cost accounting have become inadequate because they have ignored important environmental costs and activities impacting consequences on the environment. Corporate neglect and avoidance of environmental costing have left gap of financial incompleteness and absence of fair view of financial information reporting to users of financial statements, environmental regulatory agencies and the general public. The research instruments utilized in the study were primary data survey and secondary ...

CHAPTER ONE INTRODUCTION 1.1 Background Of The Study In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.Recessions generally occur when there is ...