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INTRODUCTION The processes involved in maximizing profit, attaining optimal business performance and hence fostering economic growth and development comes with some cost, both private and social. Production activities of business organisations do exert significant external costs on the society. Noise and atmospheric pollution from factories, environmental degradation resulting from exploratory activities and long term health implications for the society are the most common examples. How can such costs be minimized? ...

CHAPTER ONE INTRODUCTION 1.1   AN OVERVIEW OF THE STUDY The insufficiency of fund for capital investment is a known common factor in every economy especially in developing countries of the world.  In developing countries like Nigeria, the low level of capital investment manifests in high unemployment rate, low productivity and a corresponding low standard of living affects a greater majority of the population.  Providing a solution to this problem has ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND TO THE STUDY It is crystal clear that any nation that wants a viable economy must have a viable financial sector and previous studies overtime confirmed that be significant and strong link shown between the financial sector of a nation and performance overall country economy. Banks play important role in any economy because they are the cynosure of the financial sector. The importance of banks in ...

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 ...

ABSTRACT The study investigates the impact of government expenditure on the 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 the model which was used to show if government capital and recurrent expenditure has a ...

INTRODUCTION 1.1    BACKGROUND OF THE STUDY One of the major issues which have occupied the mind of government for years is the impact of monetary policy as a tool for price stability in Nigeria. Despite the lack of consensus amongst the economy, there is remarkable strong agreement that monetary policy as an economy stabilizing measure in Nigeria refers to the persistence rise in the general price level. Monetary policy is ...

ABSTRACT This work is based on the appraisal of the budget deficit and current account balance in the Nigerian economy between the periods of 1986-2010. The broad objectives of the study are to examine the impact of the budget deficit and current account balance in the Nigerian economy, the trend of the budget deficit and current account balance and also the impact of selected macroeconomic variables on the current account. ...

CHAPTER ONE 1.1 Background of The Study The financial organization is considered one of the largest industries in Nigeria providing employment for an estimated twenty-two thousand people nationwide and generating 9% of the annual GDP of the country. Nigeria is considered to be one of the fastest-growing telecommunication nations in Africa, investing heavily in ICT and related information technology Chiemeke et al (2006). One of its major investors has been ...

ABSTRACT In recent decades, the potential contribution of agriculture to economic growth has been a subject of controversy among development economists. While some argue that agricultural development is a prerequisite for industrialization, others strongly disagree and argue for a different path. Taking advantage of the ordinary least square method (OLD) searches through secondary data and the use of independent variables: agricultural development, capital accumulation, inflation rate, and interest rate review ...

ABSTRACT This study aims to evaluate the oil sector and the agricultural sector in Nigeria from 1981 to 2011. The role of agriculture in the Nigerian society has been very important, even in the pre-colonial era. The attractiveness of the Nigerian agricultural sector to the colonialist formed largely on the basis for the development of the railway system north of the coast through the east and west of the country ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Human beings engage in various activities in order to satisfy their wants. In producing human wants (goods and services) land, labour and entrepreneur are utilized for these purposes. Labour being the most dynamic factor of production combines with the other factor to produce goods and services for consumption if fully utilized,, then there will be employment. Unemployment is a hazard of an ...

ABSTRACT The study consists of two independent models, gross domestic product (GDP) and investment respectively. The independent variables in the export of oil, non-oil exports, real exchange rate, and inflation rate were modeled to capture their effect on GDP and investment, respectively. The study employed a Log-linear model. Following the empirical results of this study, we observed that non-oil exports did not contribute much to economic growth in Nigeria, but ...

ABSTRACT This study was undertaken to investigate the implication of multiple taxations on the performance of small scale enterprises in Asaba, Delta State. The objective of the study was to determine the extent to which multiple taxation affect the profitability and reinvestment rate of small scale enterprises. Data were collected from primary source using questionnaires. Survey research design was adopted. The hypotheses were tested using chi-square statistics.  Results obtained show ...

CHAPTER ONE 1.0     Introduction 1.1     Background of the Study  Monetary policies are pursued to control inflationary trends by maintaining price stability, achieve and promote full employment and achieve positive economic growth. In pursuing its monetary policies, the Central Bank of a country can use various tools which include open market operations (sale and repurchase of government securities), placing a ceiling on bank lending and raising the reserve requirements”. According to ...

Banks seem to fall desperately behind the learning culture because training and development of their human element seem to be perceived as ancillary activities, rather than as pragmatic catalysts to business results. They fail to see the payback of investments in their human assets. They tend to see human expenses as something which needs to be minimized. Lack of continuous learning opportunities is because the focus of banks appears to ...

1.2     STATEMENT OF THE PROBLEM The issue of external debt in Nigeria has become an immense status bestriding the mainstream of international economy, and politics. Foreign aids are no longer used as an instrument of assistance but as a weapon of oppression, suppression and perpetual underdevelopment. The need to examine and hence, utilize the machinery of foreign debt is anchored on a number of challenges and this includes: (i) ...

ABSTRACT This study examined the impact of pension fund management on the economic growth of Nigeria. To achieve this research objective, relevant data were sourced from National Pension Fund (PENCOM) and National Bureau of Statistics (NBS) for the period spanning from 2009-2013. The study adopted Multivariate Linear Regression Analysis. Ex-Post-Factor research design was used for this study. The explained variable is Gross Domestic Product (GDP) proxy for economic growth, Pension ...

ABSTRACT The purpose of the study is to determine the effect of stock market capitalization and financial openness in Nigerian economy. The descriptive research design was adopted in this study. Data were collected from secondary sources within the year 2000 – 2013, the sampling technique used was probability sampling techniques and, the correlation and regression method of analysis were used to test the relevant hypothesis. The findings revealed that Market ...

ABSTRACT This study examines the role of personal income tax on the economic growth of Nigeria. the objective of the study was to determine how tax income affects economic growth in Nigeria. To achieve this objective, relevant secondary data from the period of 2000-2012 on personal income tax were collected from the Central Bank of Nigeria (CBN) statistical bulletin. The data collected for the study  were analyzed using the ordinary ...

CHAPTER ONE 1.0      INTRODUCTION 1.1     BACKGROUND OF THE STUDY 1.2     STATEMENT OF THE PROBLEM Ogba (2013) noted that experience has shown that there are certain issue that commonly arise and questions that often come up when foreign investors seek to .invest in Nigeria. This article (while attempting to address some of those issues that investors often seek answer to) is not intended to be specific to ...