ABSTRACTThe non-cash transaction (Cashless) policy of the Central Bank of Nigeria (CBN) was designed to provide mobile payment services, break down the traditional barriers hindering financial inclusion of millions of Nigerians and bring low-cost, secure and convenient financial services to urban, semi-urban and rural areas across the country. It has, however, become an albatross to some elites, the poor, uneducated and traders. The non-cash transaction policy of the Central Bank of Nigeria ...
PROPOSAL In an ordinary parlance, deficit financing can be seen as a budgetary situation whereby the expenditure of the government exceeds its revenue, accumulated through tax. This budgetary system is undertaken by many developing countries of the world as a means of achieving some macro-economics objectives. In conventional settings, deficit financing is seen as a policy strategy which is mostly undertaken to address macro-economic quagmires like depression and low output. On the ot...
ABSTRACT Currently, economists seem to agree that high rates of inflation cause “problems,†not just for some individuals, but for aggregate economic performance. However, much less agreement exists about the precise relationship between inflation and economic performance, and the mechanism by which inflation affects economic activity. Motivated by these questions, this research first examines the relationship between inflation and economic performance in Nigeria by using da...
ABSTRACTThis study examined the impact of human capital development on the Economic Growth of Nigeria for the period of 1980 – 2015. The study adopted time series econometrics analysis and descriptive statistics to determine the impact of human capital development on Nigeria’s economic growth as well as the long-run relationship between human capital development and economic growth in Nigeria. For purposes of clarity, models were specified as (RGDP) dependent variable, (HCD) and (GFCF) as...
1.1 INTRODUCTION¬---------1 2.1CONCEPTUAL REVIEW--------6 2.1.1The Concept of Education --------6 2.1.2The Concept of Economic Growth------7 2.2Theoretical Review--------8 2.3.Empirical Literature Review-------9 3.1 Sources of Data --------11 3.2Method of Data Analysis -------11 4.1UNIT ROOT TEST--------12 4.2ANALYSIS OF COINTEGRATION TESTS----14 4.3OLS RESULT---------15 5.1CONCLUSION AND POLICY RECOMMENDATIONS ---17 Reference----------18 Appendix----------21 ABSTRACT Any nation ...
ABSTRACT This study contributed to the debate on the relationship between military expenditure and economic growth in less-developed economies by investigating the trend; causal relationship and the effect of military expenditure on economic growth in five selected sub-Sahara African Countries namely:- Angola, Cameroon, Kenya, Nigeria and South-Africa; for the period 1986 to 2014. The study employed the Error Correction Mechanism (ECM) using time se...
ABSTRACT: The research on welfare implication of determinants affecting aggregate consumption expenditure was conducted by taking Rwanda as an area of study, period 1995- 2015. The researcher’s main purpose was to evaluate the impact of gross domestic product, lending interest rate, inflation rate and exchange rate on consumption expenditure in economy. To achieve the desired objectives, the researcher analyzed how independent variables of the Gross consumption expenditure (GDP, Lending Int...
ABSTRACT The behavior of stock market returns is a central issue to the theory and practice of asset pricing, asset allocation, and risk management. The supporters of the Efficient Market Hypothesis claim that stock price indices are basically random and as such any speculation based on past information is fruitless. These papers investigate the Random Walk (RW) behavior of stock market return of Rwanda. The naïve random walk model was estimated using Ordinary Least Squares (OLS) method ove...
The study set out to investigate the effect of welding and fabrication business on the poverty status of welders in Makurdilocal government area. The study adopted a simple random sampling techniqueselect 60 respondents. Data was collected through a structured questionnaireand was analyzed in frequency tables and percentages and a logistic regressionmodel was used for test of hypothesis. The findings also shows that majority ofthe welders performed between 6 to 15 jobs monthly. The study also...
ABSTRACT The term unemployment can be defined as an economics condition marked by the fact that individual actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in graduate of various institutions of learning especially in under developed nations like Nigeria. The study was designed to investigate the impact of unemployment...
CHAPTER ONE INTRODUCTION 1.1Background of the Study Following the fluctuation of the naira in 1986, a policy induced by the structural adjustment programme (SAP), the subject of exchange rate fluctuation has become a topical issue in Nigeria. This is because it is the goal of every economy to have a stable rate of exchange with its trading partners. In Nigeria, this goal was not reached in spite of the fact that the country embarked on devaluation to promote export and stabilize the rate of e...
ABSTRACT This study presents the impact of some selected non-oil export on the growth and development of Nigeria. Times series data gotten from Central Bank of Nigeria (CBN) statistical bulletin spanning between 1986 and 2013 were adopted.Gross Domestic Product (GDP) is used as proxies for growth and development of Nigeria, while non-oil export revenue (NONX) is used as proxies for non-oil export. Ordinary least square method (OLS) econometric technique through the application of E-views soft...
One of the most difficult tasks of man throughout his history on earth has been his quest to understand himself, his relationship with his fellowmen and the environment in which he lives. In this apparent unending endeavor of man to change himself from a state he consider bad to good, and from good to better. mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-ansi-language: EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">It is of truism that man’s primary...
Introduction and Background The computer service industry can be broken down into several categories ranging from reseller to consultant. Entré Computers / Executive Business Machines Inc. (EBM) was a sales and service organization for typewriters at its inception in 1972. However, as the corporate market shifted its needs from typewriters to word processors to personal computers, so did EBM change its product line to meet that demand.
Since the mid 1960s, Pacific Asia has had a remarkable rate of economic growth. This growth has been sustainable and faster than all other regions of the world (see fig. 1). This region consists of twenty-three economies but it was just eight who caused most of this amazing growth. The eight were Hong Kong, the Republic of Korea, Singapore, Taiwan, China, (the “Four Tigers”) Japan and the newly industrialised economies (NIEs) of south-east Asia, Indonesia, Malaysia, and Thailand. The eigh...