ABSTRACT This study examined the impact of currency depreciation on the economy of the countries of the West African Monetary Zone (WAMZ). This was done through the use of a sample of six member countries including: Nigeria, Sierra Leone, Liberia, Ghana, Gambia and Guinea. The scope of the study included the period 2000 to 2017. The analysis was carried out using the Seemingly Unrelated Regression method of estimation. The results revealed that currency depreciation has a negative and non-s...
Abstract This report is a socioeconomic study of multi-towns Water treatment system project in Afar Regional State. It is prepared by Bright Research Consultants outsourced from Beles engineering. The project proponent is Afar National Regional State Water and Energy Bureau. The project lies along the program target towns of Samara, Logia, Dubti, Aysaita, Dichot, Det Bahari and Galafi towns. These towns are located in one of the five zones of Afar region known as Awsi Rasu Zone ( Zone 1). Al...
ABSTRACT This study aimed at investigating regional differentials in Nigeria, and therefore achieved this through two objectives; First to determine the poverty levels of regions and then to ascertain the determinants of regional poverty. This study was motivated by the regional inequalities that exist in Nigeria, wherein one of the major macro-economic objectives is to ensure equitable distribution of National resources. The study employed the 2009 National House hold survey with the use o...
ABSTRACT Most developing countries strive to attract foreign aid because of its anticipated efficacy in fostering economic development in recipient countries. This study examines the impact of foreign aid on savings in Nigeria, using a two step approach of Engle-Granger procedure in a co-integration analysis. The study uses time series on a number of macroeconomic variables, spanning for the period 1970-2009. Secondary data were sourced from Central Bank of Nigeria (CBN) statistical bulleti...
ABSTRACT This work, in trying to ascertain some of the major macroeconomic factors that would drive the nation’s economic growth, examined the causal relationship among all share index (ASI), nominal exchange rate, foreign direct investment, oil exports and GDP using quarterly data spanning from 1985Q1 to 2014Q4. In a bid to determine if long-run relationships existed among the variables, the Johansen cointegration approach was used after subjecting the series to the Augmented Dickey Fulle...
ABSTRACT This study examines the causal relationship between exchange rate and stock prices in Nigeria using quarterly data for the period of 1990-Q1 to 2009-Q4. The ADF and PP tests suggest that the series are random work processes in their level form. Pair-wise Granger Causality was tested within multivariate co-integration and vector error correction model (VECM) framework. Three different stock exchange indicators were used as proxy for stock prices to test the direction of causality be...
ABSTRACT This study sets out to investigate and elaborate the empirical issues pertaining to the structure and composition of domestic debt and its impact on private investment in Nigeria. The study employed multiple regression models using secondary data from 1970 to 2012. The study found that domestic debt has inverse significant impact on domestic private investment in Nigeria. Results also show that domestic debt has inverse significant impact on foreign private investment in Nigeria wi...
ABSTRACT This study investigated human capital development and poverty in Nigeria. The analysis was base on panel data regression model using National Living Standard Survey 2008. The results obtained indicate that the apriori expectation of the variables which are sex, age in years, mother education, total expenditure on education, quintile, and school enrollment were positive to the dependent variable which is poverty proxy by total expenditure of the house hold while father education, ho...
ABSTRACT This work studies the relationship between foreign private investment, capital formation and economic growth in Nigeria. One objective is to determine how foreign private investment affects capital formation in the domestic economy and the other objective is to estimate the impact of capital formation and foreign private investment on economic growth in Nigeria. In order to achieve these objectives, we estimated the model of capital formation and economic growth for Nigeria. We fou...
ABSTRACT Most developing nations have embarked on various reforms that foster the use of telecommunications in their economies. The reforms tend to yield little or minimal benefits to economic growth and development, especially when compared with developed countries of the world. Technological advancement is known for its fast rate of economic development. In Nigeria, policy on the adoption of information and communication technologies was initiated in 1999, when the civilian regime came into...
ABSTRACT Nigerian economy has been skewed towards a mono-economy with much reliance on the oil sector. However, with the fall in global oil price, there is now a shift of interest to a more promising sector capable of liberating the economy. This study is centered on private sector access to credit and manufacturing output in Nigeria. The study utilized quarterly time series data from 1981 to 2015. The key objectives of the study were to determine the impact of private sector access to credit...
ABSTRACT A booming interest on the topic of Diaspora remittances has developed over the past few years on the part ofacademics, donors, international financial institutions, commercial banks, money transfer operators, microfinance institutions, andpolicy makers, The surge of remittances to countries of origin in the last two decades, exceeding aid and foreiqn direct investment (FDI) to developing countries, has reignited debate on their development potential in receiving countries. Alongside...
ABSTRACT The study was set to investigate the relationship between trade balance and economic growth rate of Uganda from 1984-2014. The objective was to determine the level of balance of trade in Uganda from 1984-2014 (ii) to establish the level of economic growth of Uganda from 1984-2014 and to establish the relationship between balance of trade and economic growth of Uganda 1984-2014. The study was a time series research that involved analysis of the historical data for the Uganda balance o...
ABSTRACT This study established the relationship between unemployment and poverty among the people of Puntland in Somalia. To achieve the research purpose, the following research objectives were formulat~: to assess the level of unemployment among the people in Puntland, Somalia; to examine the level of poverty among the people in Puntland, Somalia; to establish whether there is any significant relationship between unemployment and poverty among the people in Puntland, Somalia. Descriptive co...
ABSTRACT Agriculture in Ugandan, accounts for about half of GDP, it contributes about 85% of exports, and employs 80% of the work force. Statistics show that the value of traditional exports remained minimal compared to the other sectors of the economy. This study examined factors affecting export performance in Uganda between 1991 and 2016. Secondary data were employed using time series to analyze the influence of macroeconomic factors such as Foreign Direct Investment (FDI), Real Exchange R...