| 1 |
Author(s):
Iortule Terkura Solomon, Ker Godwin, Hiam Aondoawase.
Page No : 1-14
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National Social Register as a Veritable Tool for Social Protection and Educational Development: Evidence from Katsina-Ala Local Government Area, Benue State, Nigeria.
Abstract
The study assessed the impact of National Social Register as a veritable tool for social protection and educational development: Evidence from Katsina-Ala Local Government Area, Benue State, Nigeria. The study adopted cross-sectional survey design. The population of the study consisted of 43360 households. A sample of 396 respondents were used for the study using multistage sampling techniques. Questionnaire alongside interview were employed for data collection. Data was analyzed using charts, frequencies, percentages and chi-square test. The findings of the study show that 6752 households were captured in 9 council wards that were captured in NSR out of the 12 council wards in the study area. Then, 439 households benefited from social protection programs inform of cash transfer. The study established that social protection intervention programs that the poor and vulnerable households benefited from significantly improve their level of income. Furthermore, the findings of the study also show that social protection intervention programs that the poor and vulnerable households captured in NSR benefited from has significant impact on the educational progress of their children in the study area. The study concluded that National Social Register (NSR) is a veritable tool for social protection and educational development in the study area. Therefore, the study recommended that governments at all levels in Nigeria should commit their resources in strengthening the process of building the NSR given that accurate data is necessary for social protection programs, development policies and planning as well as educational development.
| 2 |
Author(s):
Agara Simon Ali, Iortule Terkura Solomon, Ilemona Adofu (Prof.), Obadiah Gimba (Ph.D.).
Page No : 15-25
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Oil Vandalism Cost and Economic Growth in Nigeria.
Abstract
The study investigated oil vandalism cost and economic growth in Nigeria from 1970-2022. The specific objective was to determine the economic implication of oil vandalism on the overall growth of the Nigerian economy, particularly the Niger Delta Region. The date required was obtained from the following sources: Nigerian Natural Resource Charter (NNRC), National Bureau of Statistics(NBS), Central Bank of Nigeria (CBN) and Pipeline and Product Marketing Company (PPMC). The study applied unit roottest for stationarity. The Autoregressive Distributed Lag (ARDL) techniques were employed. As expected, all the variables in the long run have a negative sign implying that activities of oil pipeline vandalism have a negative effect on economic growth. A unit increase in the crude oil lost, cost of repair/ maintenance and product losses respectively, will induce a negative effect on GDP. The study concluded that oil vandalism does have negative effect on the economy in the long run. It therefore recommends that the government should look at the challenge of militancy in the Niger Delta region for once, not to promise them heaven on earth, but at least try to meet some of their legitimate demands.
| 3 |
Author(s):
Ker Godwin, Hiam Aondoawase.
Page No : 26-41
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Empirical Analysis of the Effect of Fuel Subsidy Removal on Academic Staff Productivity in Colleges of Education in Benue State, Nigeria.
Abstract
The study has empirically analyzed the effect of fuel subsidy removal on academic staff productivity in Colleges of Education in Benue State, Nigeria. A cross-sectional survey research design was adopted for the study. The study population comprises all academic staff of the state owned Colleges of Education in Benue State. A sample of 223 respondents were used for the study using multistage sampling techniques. Questionnaire alongside interview were used for data collection. Data was analyzed using charts, frequencies, percentages and simple regression analysis. The results of the study indicated that high cost of living, transportation cost and been unable to fuel vehicles were factors affecting productivity of the academic staff. More so, the study found that fuel subsidy removal has significant relationship with the extent of cost of living of academic staff in Colleges of Education in Benue State. Finally, the study established that fuel subsidy removal has significant relationship with the level of productivity of academic staff in Colleges of Education in Benue State. Therefore, the study concluded that fuel subsidy removal has posed a great challenge to the academic staff concerning their effectiveness in performing their core responsibilities in Colleges of Education in Benue State. The study recommended that state government through the Ministry of Education should intervene in providing cash transfer scheme, transport vouchers and mass transit schemes among others to the academic staff in order to reduce their suffering due to the elimination of fuel subsidy.
| 4 |
Author(s):
Amangwai Josiah Monday (Ph.D.), Amos Nlekerem (Ph.D.).
Page No : 42-47
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The Impact of Fuel Subsidy Removal on the Nigerian Economy.
Abstract
This paper traces the history of the discovery of petroleum (oil) in commercial quantities in Nigeria as well as the evolution of fuel subsidy in the country. The paper also attempts to look at the quantum of money spent as fuel subsidy by successive governments, especially the last two administrations of Presidents Goodluck Ebele Jonathan and Muhammadu Buhari. The paper examines the removal of fuel subsidy on May 29, 2023 by the present administration of President Bola Ahmed Tinubu, and looks at the positive and negative impacts of such action. The paper concludes that the objective of fuel subsidy removal in the country has not been achieved and then provides the way forward in mitigating the effects that accompany fuel subsidy removal.
| 5 |
Author(s):
College Emuoghene Ogodogun, Ajueyitse Martins Otuedon.
Page No : 48-64
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Poverty and Sustainable Development in Africa: Its Implications to Sub-Sahara Countries.
Abstract
The study focuses on the linkage between poverty and sustainable development and its implications to Sub-Sahara countries. It examines the interplay between poverty, climate change and sustainable development in the area of causes, synergies, trade-offs and adaptations. Finally, it offers insights into possible pathways into poverty mitigations options for Africa and moving her into the path of poverty sustainable development goal. The study is qualitative in nature. All reviewed literatures revealed that, climate change, population growth, poor policy structures and institutional setting, poor savings, poor rural community libraries, inequality in resources distributions, amongst others, are poverty panaceas in Africa. The implications of this paper is that, it showcased the necessity for governments and the international community to take both proactive and reactive steps towards reducing poverty which is now a major hindrance to SDGs implementation. Another implication is that, the study provide a reference for less developed regions to make reasonable and integrated arrangements for their sustainable development. The paper concluded that there is urgent need by government at all levels to integrate these factors into sustainable development thereby moving into the path of poverty sustainable development goal. Summarily, the study recommended that Africa leaders should stop paying lip-service to sustainable development implementation. They should increase expenditure on social services and amenities and the international community should be genuine in their international assistance to Africa.
| 6 |
Author(s):
Lawrence Wahua, Kenea Gile Fekadu.
Page No : 65-79
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Supervisory Regulation and Performance of Insurance Industry: A Parametric Quantitative Approach.
Abstract
Claims settlement by insurance companies is a hydra-headed issue in many third-world-and-emerging economies. Therefore, the need to increase the confidence of the insured in insurance coverage necessitated this study which is based on resource-capability theory, quantitative paradigm, and descriptive research design. Secondary data for 2010 – 2019 was collected from the 2019 edition of Nigerian Insurers Associations’ Digest. The independent variable is insurance regulations while performance is the dependent variable with two (proxies insurance claims settlement and insurance awareness). Based on relevant works, insurance regulation was measured with approved investments made by insurance companies; insurance awareness was measured with premium income paid by policyholders; and claims settlement was measured with insurance claims paid by insurance companies. Using inferential statistics, the work established that insurance regulation has significant positive association with claims settlement and insurance awareness; and insurance awareness equally has statistical positive association with insurance claims settlements. The study calls for increased insurance regulation by the Supervisors/Regulators; and aggressive awareness campaigns by insurance companies in order to reduce the hydra-headed problem of non-claims settlements by insurance companies in emerging and third world countries.
| 7 |
Author(s):
Obianamma C. Mbonu.
Page No : 80-94
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Climate Change and Agricultural Productivity in Nigeria (2000 – 2023).
Abstract
This study investigated the effects of climate change on agricultural productivity in Nigeria from 2000 to 2023. Data were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin and the World Bank Climate Change Database. The study employed an ex post facto research design, and the data were analyzed using linear regression with an Error Correction Model (ECM). The findings revealed that climate change had a negative impact on agricultural output in Nigeria during the examined period. Based on these results, the study concludes that the detrimental effects of climate change on Nigeria’s agricultural sector highlight the need for immediate adaptive strategies. Key measures such as the adoption of climate-resilient crop varieties, enhanced irrigation systems, and sustainable farming practices are essential for building resilience and ensuring food security amid current environmental challenges. The study recommends prioritizing research, development, and dissemination of crop varieties engineered for drought and heat resistance. Additionally, farmers should be supported to adopt climate-resilient agricultural techniques capable of withstanding high humidity and associated crop diseases, including the use of humidity-tolerant crop varieties.
| 8 |
Author(s):
Akinwale Victor Ishola, Anya Adebayo Anya, Kelechi Adura Anya, Eke Kehinde Anya.
Page No : 95-104
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Securing Cross-Border Digital Trade: AI Strategies for Eu-Africa Economic Growth.
Abstract
ABSTRACT
The rapid growth of cross-border digital trade has transformed economic interactions between regions, with the European Union (EU) and African economies playing critical roles in this evolving landscape. As a driver of innovation, economic growth, and regional integration, digital trade presents significant developmental opportunities. However, the proliferation of cybersecurity threats undermines trust in digital transactions and poses challenges to the sustainability of cross-border digital trade. These risks are exacerbated by regional disparities in cybersecurity readiness, infrastructure, and regulatory frameworks, highlighting the need for robust, innovative approaches to ensure secure and resilient digital trade ecosystems. This paper explores the potential of Artificial Intelligence (AI) as a strategic tool to mitigate cybersecurity risks and foster secure trade between the EU and Africa.
The study examines the defining characteristics and economic significance of cross-border digital trade, emphasizing its role in fostering economic partnerships between the EU and Africa. It highlights existing trade agreements, collaborative efforts, and the projected growth of digital economies in both regions. Despite these opportunities, cybersecurity threats, such as data breaches, ransomware attacks, and phishing scams, present significant economic and operational challenges. The study underscores the disparities in cybersecurity preparedness, particularly in the African context, and their implications for sustainable digital trade growth.
The role of Artificial Intelligence in enhancing cybersecurity is critically analyzed, focusing on its applications in threat detection, predictive analytics, anomaly identification, and automated incident response. Drawing on successful case studies, the paper demonstrates the transformative potential of AI in addressing complex cybersecurity challenges and strengthening the resilience of digital trade infrastructures. By leveraging AI-driven solutions, the EU and African economies can establish secure digital ecosystems, fostering trust and enhancing economic collaboration.
The paper concludes with targeted recommendations to enhance cybersecurity in cross-border digital trade. Policy measures, such as harmonizing cybersecurity regulations and promoting AI-driven research and innovation, are essential for building a cohesive security framework. Technological investments in AI infrastructure and the development of shared cybersecurity platforms are equally vital. Furthermore, capacity-building initiatives, including specialized training programs for businesses and governments, are necessary to ensure effective implementation. These recommendations aim to address the cybersecurity challenges of cross-border digital trade and advance a secure, inclusive, and sustainable digital economy between the EU and Africa.
Keywords: Cross-border, Digital trade and AI
Wordcount:367
| 9 |
Author(s):
Anietie Peter Akpan, Joseph Fidelis Jonah , Ekpema Aniekan Abasiattai , Idongesit Essien Udo .
Page No : 105-116
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Glass Ceiling Phenomenon and Women Career Advancement: The Nigerian Perspective.
Abstract
In recent years, the number of trained and qualified women in the labour market globally has steadily increased. However, despite this increase, the proportion of women in decision-making and leadership positions in organisations is still small. This observation echoes the glass ceiling phenomenon, a metaphor for invisible but prevalent barriers that impede women career advancement in organisations. While the glass ceiling phenomenon has generated research interest, several scholars argue that theoretical models have not adequately portrayed its implications on women career advancement. As such, this study is designed to examine the effect of the glass ceiling phenomenon on women career advancement in organisations. Six hundred female employees from mid-level management and above were surveyed for this study. It was found that the glass ceiling phenomenon has significant negative effect on women career advancement in organisations.
| 10 |
Author(s):
Kachina Eugene Iorwuese, Hiam Aondoawase.
Page No : 117-132
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Analysis of Gender Participation in Fish Farming and Income Development of Rural Women in Makurdi Local Government Area, Benue State, Nigeria.
Abstract
The study analysed gender participation in fish farming and income development of rural women in Makurdi Local Government Area, Benue State, Nigeria. The study adopted a cross-sectional survey research design. The population of the study was 3,280 registered fish farmers in the study area including men and women. Systematic random sampling technique was employed in selecting 357 respondents. Questionnaire was adopted for data collection. Data was analysed using charts, frequencies, percentages, mean, standard deviation, t-test and simple regression analysis. The findings of the study showed that there was significant difference in gender participation in fish farming. The study also revealed that the level of income development amongst rural women in the study area was low. The study further established that gender participation in fish farming has significant relationship with income development amongst rural women. Factors militating against fish farming amongst rural women were social norms and customs, inadequate loans access among others. Strategies for addressing factors militating against fish farming amongst rural women were identified as less gender inequality and deprivation in fish farming, collateral free loans for rural women participating in fish farming among others. The study concluded that creating equal opportunities for both men and women participation in fish farming will have great impact on income development of rural women. The study recommended that all stakeholders interested in gender equality should ensure that there should be less gender inequality and deprivation in fish farming in the study area.
| 11 |
Author(s):
Mathew Elijah Kawour, Charles M. Rambo, Paul A. Odundo.
Page No : 133-154
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Influence of Company’s Growth Rate as Capital Structure Decision on Financial Performance of State-Owned Sugar Manufacturing Corporation Projects in Kenya.
Abstract
This study explored the relationship between a company’s growth rate, as a capital structure decision, and the financial performance of state sugar corporations in Kenya. The purpose of the research was to assess how growth rate influences financial outcomes in the state sugar sector. Guided by Modigliani and Miller’s (1958) capital structure model and key theories, including Trade-off, Pecking Order, and Agency Cost, the study adopted correlational and descriptive survey designs. The target population comprised 1,145 employees in the state sugar sector, with a sample size of 291 selected using Krejcie and Morgan’s (1970) table. Data were collected through structured questionnaires and interviews and analysed using SPSS Version 25. Descriptive and inferential methods, including Pearson’s correlation and linear regression, revealed a positive correlation (p = 0.000 < 0.05) between growth rate and financial performance. The study concludes that higher growth rates enhance financial outcomes and recommends similar research in private sugar firms for sector-wide knowledge and understanding.
| 12 |
Author(s):
Obianamma C. Mbonu.
Page No : 155-171
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Impact of Monetary Policy on Deposit Money Bank Lending in Nigeria (2005-2022).
Abstract
Monetary policy is one of the most critical tools used by central banks around the world to regulate economic activity and achieve macroeconomic stability. Despite the Central Bank of Nigeria's (CBN) sustained efforts to regulate the economy through monetary policy, the impact of these policies on commercial bank lending has been inconsistent and, at times, ineffective. This study examined the impact of monetary policy on commercial bank lending in Nigeria covering the period 2005-2022. Data for the study were extracted from the Central Bank of Nigeria (CBN) Statistical Bulletin, 2023. The expo-facto research design was adopted in the study. The multiple linear regression with the application of Ordinary Least Squares (OLS) technique was adopted as the method of data analysis. The major findings of the study reveal that monetary policy rate has an inverse and insignificant relationship with commercial bank lending in Nigeria, cash reserve ratio has an inverse and insignificant relationship with commercial bank lending in Nigeria, liquidity ratio has an inverse and insignificant relationship with commercial bank lending in Nigeria and Open Market Operation (OMO) has a positive and significant relationship with commercial bank lending in Nigeria. The study therefore concludes that traditional monetary policy tools may not effectively influence lending behavior in Nigeria during the study period. It is therefore the recommendation of the study that the central bank could also facilitate access to short-term funding mechanisms or interbank lending to improve banks' ability to manage liquidity effectively while still supporting lending activities.
| 13 |
Author(s):
Divine Fondem.
Page No : 172-187
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Long-Run and Short-run Effect of Oil Price Shocks on Bank Liquidity Risk in Major Oil Exporting Countries in Africa.
Abstract
This paper examines the relationship between global oil price shocks and bank liquidity risk for top major oil exporting countries in Africa from 2000 to 2021. The study employs the novel appropriate autoregressive distributed lag (ARDL) model because of its fitness to the time series unit root test results. The findings reveal a negative and 1% significant long-run effect of global oil price shocks on bank liquidity risk. It shows that a persistent decline in global oil prices would potentially lead to a decrease in bank-credit-bank deposits, thus increasing bank liquidity risk. Additionally, GDP and RIR show a significant positive and negative long-run relationship with bank credit-to-bank deposit ratios respectively. The results suggest that there is a need for adequate asset management strategies in the banking sector as it relates to the global oil price supply and demand shocks.
