ABSTRACT Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in under developed nations like...
Nigeria is the largest economy in Africa; in 2013 its population was in excess of 170 million, with GDP of over US$500 billion (World Bank 2014). The continent’s biggest oil exporter is also home to large natural gas reserves. The economy has recorded considerable acceleration in growth; real GDP grew by 6.3 per cent, 7.6 per cent, and 7.4 per cent in 2009, 2010, and 2011 respectively. Despite this, poverty is persistently high, and the structure of the economy is that of a typically under...
Budgeting is no longer an action limited to governments, corporations and authorities, but rather extends to include families as social entities with multiple socio-economic goals. Budgeting brings considerable benefits to the family, whether on daily basis, short term or long term benefits, where the family plans for both the present and future. As such, families in all societies have attached a considerable importance to drawing up monthly and annual budgeting in an optimum manner servi...
ABSTRACT The study aims at evaluating the performances of the Islamic banks and the conventional banks before, during and after the global financial crisis. Variables that were used during the cause of the research include profitability performances, liquidity performance and credit risk of the various banking institutions. The study covers a period of five years 2006-2010. The study adopts the sample of 3 Islamic banks and 3 conventional banks from UAE, Bahrain and Britain. The study documen...
The broad objective of this study is to examine the impact of foreign direct investment and domestic investment on economic growth in Nigeria for the period of 1986 to 2013. To achieve the broad objective, the following specific objectives were raised:(i) Analyse the trend of foreign direct investment, domestic investment and economic growth in Nigeria; (ii) examine the relative impact of foreign direct investment and domestic investment on economic growth in Nigeria; and (iii) investigate th...
TABLE OF CONTENTS Page Title Page Certification ii Dedication iii Acknowledgementsiv Abstractv Table of Contents vi CHAPTER ONE: INTRODUCTION 1.1Background of the Study1 1.2Statement of Problem3 1.3Aims & Objectives of the Study4 1.4Relevant Research Questions 4 1.5Relevant Research Hypotheses4 1.6Significance of the Study5 1.7Scope of the Study5 1.8Definition of Terms6 References7 CHAPTER TWO: LITERATURE REVIEW 2.1Introduction 9 2.2Theoretical Basis of Relationship between Trade Bal...
ABSTRACT The contribution of taxation to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. Over the years, it has been observed that a substantial part of revenue generated in Nigeria is from taxes, yet the role of taxation in promoting economic activities and growth is not felt, mainly...
Background of the Study In the recent year the relationship between money supply and economic growth has been receiving increasing attention than any subject matter in the field of monetary economics. Economists differ on the impact of money supply on economic growth, while some agreed that variations in the quantity of money is the most important determinant of economic growth and that countries that devote more time to studying the behavior of aggregate money supply experiences much variati...
ABSTRACT This work is an overview of the effect of oil price volatility on economy growth in Nigeria using per capital Income as deciding factor.
Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on Real Gross Domestic Product (RGDP), External Debt Stock, External Debt Service Payment, and Exchange Rate were collected f...
This paper examined the dynamic interaction among business cycle, macroeconomic variables and economic growth in Nigeria between 1986 and 2014. The study employed the vector auto regression technique (VAR) to investigate the business cycle effect on economic growth and its interaction with government expenditure and money supply in Nigeria during the study period. Quarterly time series data between 1986 and 2014 was used for the study. Data on the real gross domestic product (RGDP), nominal g...
Poor governance in Sub-Saharan Africa has been a major hindrance to economic growth of the region compared to other regions in the rest of the world. To examine the influence of governance on economic growth of Sub-Saharan Africa, panel data on growth rate of Gross Domestic Product, governance indicators and other indicators of the three selected Sub-Saharan Africa countries namely Nigeria, South- Africa and Ghana for the period of 1996-2015 were sourced from World Development Indicators of t...
This article provided us with a simple, but very powerful framework to understanding how a sustainable economic growth can be actualized. Within the confines of this rational work, it was shown that agro based economy, on the long run, will not lead to a sustained economic growth while industry based economy will foster sustained economic growth. This is because industry based economy is being supported by the process of ‘capital accumulation’. Though this article showed evidence that in...
This paper examined the impact of deposit money bank agricultural credit on agricultural productivity in Nigeria using an error correction model and annual time series data for the period 1981-2014. The results indicate that an equilibrium relationship exists between the variables. In addition, we find that deposit money bank’s agricultural credit impacts positively and significantly on agricultural productivity in the long-run, but this impact is quite negligible in the short-run. We al...