ABSTRACT The study examines the multidimensional aspect of poverty and living condition in Nigeria. The aim is to fill the vacuum that has been left by traditional unidimensional measures of deprivation based on poverty lines, exclusively estimated on the basis of monetary variables such as income or consumption expenditure. It combines monetary and non monetary, qualitative and quantitative indicators, including housing conditions, the possession of durable goods, with a number of composite ...
Abstract This work was motivated mainly by the need to support development policymaking and economic management in Nigeria with credible statistics and systematic evidence on the informal sector. This is because despite the wide range of informal sector economic processes and activities in Nigeria, current knowledge of the size, macroeconomic determinants, and revenue implications of the informal sector in Nigeria remain very scanty and inadequate. Hence, this research work was embarked upon ...
ABSTRACT Crude oil is one of the major natural resources that have contributed to the development of the Nigerian economy. It, however, poses great environmental and socio-economic challenges. As a result, the effects of oil exploration activities on the socio-economic wellbeing of host communities, like Ogoniland, have been of concern to the Nigerian government. Measurement of such socio-economic effects is an essential requirement for policy formulation and strategic planning for sustainabi...
ABSTRACT The ongoing demographic and epidemiologic transitions in Nigeria are some of the possible reasons why the prevalence of obesity is increasing in Nigeria. The economic impact of obesity in Nigeria may result to a decrease in productivity. Policies have been put in place by the Federal Government to reduce the prevalence of obesity in Nigeria. However, the nature and magnitude of policies put in place are important to note. It is based on this premise that this study investigates the s...
ABSTRACT Recent empirical literature has shown that several factors can expose households to risk, thereby making them vulnerable to poverty. These appear to be the major challenges many households face in developing economies. This study therefore investigates risk and vulnerability to poverty in Nigeria using the revised General Household post-harvest panel survey for Nigeria. One objective is to analyze the types of risks households face and to determine if urban and rural households are d...
ABSTRACT Income inequality is one of the major underdevelopment problems facing developing countries including Nigeria. Despite serious attention given to inequality in both theoretical and empirical literature, it is still understudied in the case of Nigeria because most empirical studies overaggregate analysis. This study departs from existing studies in two ways. First, the study disaggregates household consumption expenditure into food and nonfood and thus decomposes inequality into withi...
ABSTRACT Real exchange rate affects production, employment and trade as a result it is important to understand the factors responsible for its variation. This study analyses the determinants of the real exchange rate and the dynamic adjustment of the real exchange rate following shocks to those determinants, using annual Nigerian data covering the period 1975 to 2010. It begins with a review of literature on the determinants of the real exchange rate. Contrast to previous analyses, this study...
ABSTRACT This study provides empirical evidence linking Nigeria’s public health spending to maternal mortality using panel data analysis. The relationship is examined using panel data from 25 states in Nigeria between 2003 and 2008. Public health expenditure has a statistically significant effect on maternal mortality only in 2008 showing improvements in the effectiveness of public health expenditures. The findings of the study are in consonance to those reported in the literature. Apart fr...
Abstract: This study examined the influence of government budget deficit on economic performance in Nigeria. The study captures government budget deficit with budget deficit ratio (Bdr) and economic performance with real domestic product (RGDP). Budget deficit ratio measures the ratio of Nigeria’s national debt to its gross domestic product while real GDP measures the value of economic output adjusted for price changes. To estimates the influence of government budget deficit on economic per...
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade openness. This shows that monetary policy is effective in maintaining economic growth on the...
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 covered the period 1970-2013 was used for the analysis. After carrying out necessary pre- and post diagnostic test, the res...
ABSTRACT Liberalization is part of the ongoing domestic market reforms and globalization policies that redefined government responsibility and actions, which affect agricultural development, and the welfare of farmers. This study examined hectarage and output responses of major crops to market liberalization, price risk and financial support. The objectives were to describe trends of output, hectarage and prices of these crops, as well as describe trends of non-price factors and estimate the ...
ABSTRACT The issue of poverty is posing serious threat to the development of the Nigerian economy. Growth was seen as the driving force for poverty reduction by studies carried out in the 1980s. But, recent attention has now been shifted to the role of income distribution in reducing poverty since the yield of growth may not be equally shared and poverty not reduced. However, a distinct conclusion is yet to be established on the role of inequality in poverty reduction. Analysis on Poverty gro...
ABSTRACT Fluctuation in exchange rate has been a recognized catalyst that brings about change in other macroeconomic indicators. This phenomenon was underscored by series of mechanisms through which economic activities of a given country reflect on its exchange rate to other international currencies. In order to assess the empirical influence of rising fluctuation in exchange rate, this study focused on the impact of exchange rate volatility (EXV) on selected macroeconomic variables in Nigeri...
ABSTRACT Health status in recent times has been a major concern for developing and under-developed economies. This results from the fact that a healthy population increases labour force participation, productivity and output levels. Poor health has negative effect on participation rate and output. This study examined the effect of health status on labour force participation, across gender and age groups, in Nigeria. An estimation technique to be used is the logistic binary model. Data for the...