Entries on Nigeria
This study examines the factors influencing the output of food crop farmers loan beneficiaries of BOA in Kogi State, Nigeria. Using a multi-stage random sampling technique, three agricultural zones in Kogi State ( Zone A, B AND C) were chosen. Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of BOA. The major tools of data analysis were econometric and statistical techniques, such as means, percentages and regression. The sampled food crop farmers were mostly males. The literacy level of the food crop farmers’ loan beneficiaries was above average (69.45) and the mean years of experience of respondent was 18 years. The most important factors that influenced the output of food crop farmers’ loan beneficiaries are amount of loan obtained and household savings invested. The study recommend the need to emphasize on the major factors that influence the output of food crop farmers loan beneficiaries in drawing up agricultural policy for Nigeria.
The study evaluated the possible strategies for a sustainable and successful Bank of Agriculture (BOA) service delivery to farmers in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tool of analysis is the Likert scale of analysis. The study find out that, strengthening of the group for better performance was seen by respondents as the most important strategy with mean score of 81.53 per cent. Establishing mechanism to protect the farmers from undue competition for fund in BOA was ranked second with a mean score of 80.28. Establishing mechanism to check diversion of fund in BOA with a mean score of 79.86 was ranked third. Privatization of BOA and BOA establishing farms instead of giving credit was ranked the least The study therefore recommends that The government and BOA should strategize for sustainable and successful BOA service delivery to farmers by strengthening the group for better performance and establishing mechanism to protect farmers from undue competition for fund as this was seen as someof the possible strategies for BOA service delivery to farmers in Nigeria.
This study assessed the impact of entrepreneurship skill acquisition on poverty in Kogi State of Nigeria. The study made use of primary data collected with the aid of a well-structured questionnaire, which were administered by well-trained enumerator to beneficiaries of entrepreneurship acquisition skills randomly sampled from six Local Government Area of the state. The data collected through the questionnaire was analyzed using descriptive statistics like frequencies and percentages. The result shows that 65% of the respondents accepted that lack of entrepreneurship skills among youth is responsible for the high rate of poverty in Nigeria. The result also revealed that at least 60% of the people that benefitted from the skill acquisition programme can now afford the basic necessity of life. The study therefore recommended that since most of the people that benefited from the programme could afford the basic necessity of life, the government should begin to think of the way of developing the programme to the status of poverty eradication programme.
The study “agriculture and diversification in Nigeria: the role of finance” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.
The study “agricultural financing for the diversification of the Nigerian economy: the needful” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.
ADSU Journal of Economics and Interrelated Disciplines publish papers related to the economy and society in Africa bi-annually (March and August). The Journal focus on policy oriented papers including technical papers. The Journal receives papers and articles from members of the academic institutions, research organizations, non-governmental organizations and independent researchers for consideration and possible publication in issues of the Journal. Intending contributors should send three copies of their manuscripts typed doubled-spaced on A4 paper and not exceeding 18 pages to the Editor-in-Chief, c/o Department of Economics, Adamawa State University, Mubi, Nigeria. The submission should include an abstract of about 150 words stating the thesis, findings, recommendations and conclusion.
This study examines the effect of trade openness and total factor productivity on industrial output in Nigeria. The data used for this analysis covers the period 1981-2015. The paper employs the VAR model in estimating the effect of trade openness on industrial output. The impulse response function and the variance decomposition are used to examine the response of industrial output to shocks in trade openness and total factor productivity. The results show that trade openness has a positive increasing effect on industrial output in Nigeria while the effect of total factor productivity on industrial output is found to be insignificant. The impulse response function shows over the long run period tfP negative effect on industrial output in Nigeria. The findings of this study certainly have important policy implications: it suggests that policies geared towards increasing trade openness should be encouraged as this tends to improve industrial output. This study contributes to economics literature by looking at the degree to which trade openness and total factor productivity influence industrial output in Nigeria.
This paper empirically examines the effects of monetary policy shocks on some selected macroeconomic variables in Nigeria, over the period of 1983 to 2015. The data used are sourced from Central Bank of Nigeria Bulletin, Nigeria Bureau of Statistics portal and World Bank portal. The paper used structural vector autoregressive technique to model and estimate contemporaneous impact and response of interest rate shocks to other macroeconomic variables. Impulse response function revealed that interest rate-shock has a negative impact on real GDP and money supply. It is also observed that inflation rate responds positively to positive shocks in interest rate and money supply, an outstanding contribution to the price puzzle debate in the monetary shock studies. It is therefore recommended that monetary policy authority in Nigeria be more vigilant in fixing interest rate because of its significant effects on other macroeconomic variables.
It is cogent to say that the foundation of Nigeria’s foreign policy was laid at the point of her independence. The administration of her foreign policy was conceived prior to her independence in 1957, during which the training of those who paved the way for an independent Nigeria took place. It is pertinent to note here that at this point, Nigeria was only involved in external relations from time to time with the United Kingdom and a few other countries, hence, this paper seeks to examine the role that Nigeria played during this period in the leadership of Africa, all through the fourth republic, till date. This paper will also make use of conceptual clarifications of the term foreign policy as well as identify the issues Nigeria has faced and is facing in the leadership of Africa from 1960-date and will also attempt a discuss on the issues facing Nigeria in her quest to maintain her leadership position in the African continent. Keywords: Foreign Policy, Leadership, Independence
This research aims at identifying the root causes of political crisis in Nigeria and blackgold (oil) being the underlying factor for this crises. The focus is on the Niger Delta and its festering crisis which stems from the regions critical importance to Nigeria. Over the years, the Niger Delta region has had the highest risk of political unrest, simply because the region is rich in terms of oil and gas productions in Nigeria. As the nation’s treasure base, the Niger Delta provides over 80% of government revenues, and 90% of foreign exchange earnings. Also, the bulk of Nigeria’s bio-diversity and some of her best human resources are derived from the Niger Delta. This research recognizes the fact that there have been earlier proffered solutions to the crisis in the region, hence, it aims at recognizing other causes of the crisis that have not been properly addressed. Also, this research, most importantly will refer to some prior solutions that would gradually help in addressing and proffering solutions to the crises in the Niger Delta region. Keywords: Political Crises, Black-gold, Oil and Gas, Bio-Diversity, Human Resources.
STARTUPENUGU ACCELERATE CONFERENCE WAS A HIT BACK TO BACK As you know, the second edition of StartupEnugu which was held on Saturday 2nd December 2017, was a hit back to back. Due to the unexpected turn up experienced at the first edition, De-Dome Enugu, was chosen this time as the venue because of its large capacity to carry greater number of people and it turned out that, even much more persons than expected also turned up for the technology/startup Focused event.
The Federal Government of Nigeria is pleased to announce the commencement of the second phase of the N-Power Volunteer Corps Programme, involving the selection of 300,000 successful applicants. The Federal Government of Nigeria wishes to congratulate all 300,000 successful applicants.