ABSTRACT The study examined Poverty and Youth Unemployment in Ekiti State, which is crucial to the development of the Ekiti State. The broad objective of the study is to investigate the effects of youth unemployment and poverty, the causes of youth unemployment and poverty, and also to analyze the possible resolution in reducing poverty and youth unemployment in Ekiti State. Primary data was employed, and also, administering of questionnaire to elicit information on the s...
Abstract The importance of globalisation in the development of the global economy has gained significant backing over the years, as long-run global projections are sustained. Without doubt, it is strappingly believed that, there is more to gain about several striking issues that are essential in the current trend towards globalisation. Consequently, this study seeks to ascertain the bi-directional relationship (if any), between globalisation and industrial production in the context of Niger...
Abstract Change is inevitable in a progressive society – Benjamin Disraeli. The world continues to undergo certain changes in order to meet up with man’s requirements. Revolutionary changes are been witnessed across various aspects of human endeavours. These changes have transformed the world into a better place and made living more comfortable. Some nations of the world champion the course of these transformational changes termed ‘Industrial Revolution’ earlier than others resulting...
ABSTRACT This study examines the effect of overpopulation on standard in Nigeria. Thus, Malthusian theory of population is relevant to Nigeria as a developing economy but this theory is not used in this research due to lack of empirical and scientific evidence. The study used trend analysis of the study with the scope spanning between 1985 and 2014. The study adopted ordinary least square method of analysis in examining the time series properties using the Augmented Dickey-Fuller unit ro...
ABSTRACT The study was carried out to ascertain the Impact of Trade Globalization on the Nigeria Economy with the years under consideration being 1986 to 2016. The study seeks to examine the effect of Trade Globalization on the Economy of Nigeria. To achieve this, data was sourced from the World Development Index 2016 and the CBN Statistical Bulletin 2016. The data in return was subjected to econometric analysis and was run using the Eviews9.0 statistical software. Auto-regressive Distributed...
The world of Exchange can be a cold, chaotic and confusing place, no matter what your situation is, all of these concepts are important to understand because they help to clarify the inner workings of the mysterious business of exchange rate in any country. Exchange rate is one of the most important determinants of a country's relative level of economic health. Exchange rates play a vital role in a country's level of trade, which is critical to most every economy in the world. For this ...
Investing in High-technologies for a sustainable and efficient growth in the Sub-Saharan African countries by Elhadji Massata Diakhate E-mail: [email protected] Abstract This paper discusses the benefits for the Sub-Saharan African countries to invest in high-technologies as a more efficient long-term growth strategy. This type of investment can produce much more effective results than investing in the traditional sectors like agriculture. This paper is organized in four main parts. The f...
Poverty and household expenditure patterns are like the two sides of a coin, where poverty is a state of lacks and denial; household expenditure patterns are the mirrors of households’ welfare. This study investigated the effects of some household expenditure patterns on the odds ratio of poverty adopting logit model. Study showed that about 52.25 percent of Nigeria’s populations are poor. Expenditure patterns of the households were classified into socio-economic characteristics: poverty ...
Generally, it can be argued without doubt that the engine of Nigeria economic growth lies on crude oil exploration. In this study, it is recognized that corruption was-used as an independent variable because of its substantial adverse effect on Nigerian economy. Corruption has really eaten deep into the economy of the country and that is one of the major crises that Nigeria is facing today. This study analyses the impact of crude oil export on Nigeria economy and its level of corruption. The ...
This paper investigates if there is a significant long – run relationship between cocoa exports and economic growth in Nigeria. The study covers the periods between 1981 to 2014. The underlying models are the export led growth, hypothesis, neo – classical growth model, presbich trade model and Keynesian model. In the formulated model, real gross domestic product was used as a proxy for economic growth. The explanatory variables used were cocoa export earnings, exchange rate and government...
Inflation instantly brings to mind images of rising prices, shrinking paychecks and unhappy consumers, but is inflation all bad? Inflation is defined as a "sustained increase in the general level of prices for goods and services." Many consumers fear inflation because it reduces the purchasing power of their money”.The influence that inflation has on consumers in Nigeria and other developing nations in Africa can be seen in increase in food prize, fuel price etc. Food price inflation...
An innovation system is a network of organizations within an economic system involved in the creation, diffusion and use of scientific and technological knowledge as well as the organizations responsible for the coordination and support of these processes. The concept of innovation refers to the development, adaptation, imitation and adoption of knowledge and technologies that are new to a given context. Innovation systems can found at many levels of the economy such as global, regional, nati...
ABSTRACT Non-oil export has been an alternative way to diversify Nigerian economy so as to absorb any shocks from the international oil (crude oil) market, since revenue stability is not guaranteed from crude oil again. Therefore, the study examines the diversification to non-oil export as a panacea for checking poverty, unemployment, low revenue and economic recession through inclusive economic growt...
ABSTRACTThe study evaluated the effects of oil price fluctuations on economic growth in Nigeria. The industrial production index was used as a proxy for gross domestic product that served as a function of oil price, exchange rate and interest rate that are the explanatory variable. The research made used of secondary time series data, The data on industrial production index, exchange rate and interest rate were obtained from the Central Bank of Nigeria Statistical Bulletin while that of oil p...
Calamities and other forms of hardships or difficulties happen among people, societies or nations times after times. Sometimes, the calamities, hardships or difficulties happen naturally while some other times they are caused or invited by people. People experience hard times like wars, communal, ethnic or religious clashes, famine, plague, high cost of life etc. These hard times normally cause untold hardships to people ranging from loss of lives, lost of properties, displacement and other f...