| 1 |
Author(s):
Akinbola Taiwo Michael.
Page No : 1-16
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Trends in Development: A Comparative Analysis of Nigeria and Ghana (2003-2023)
Abstract
This paper presents a comprehensive analysis of development trends in Ghana and Nigeria over the period from 2003 to 2023, using data sourced from the World Bank's World Development Indicators database. The study focuses on key economic indicators such as GDP growth and Foreign Direct Investment (FDI) inflows, alongside social indicators including literacy rates, life expectancy, poverty levels, school enrollment, gender parity, and political stability.
The analysis reveals distinct trajectories in the development of both countries, highlighting Ghana's more consistent economic growth, driven by strategic policies in education, healthcare, and infrastructure. In contrast, Nigeria's development is characterized by significant volatility, primarily due to its heavy reliance on oil exports and challenges in achieving political stability. Social indicators demonstrate that while both countries have made progress in improving literacy and life expectancy, Ghana exhibits stronger performance in education access and gender parity. Nigeria, however, faces persistent poverty levels and political instability, which hamper its development efforts.
The comparative analysis underscores the importance of effective policy implementation in driving development outcomes. It identifies the need for Nigeria to diversify its economy, enhance educational and healthcare systems, and improve governance to achieve sustainable growth. For Ghana, continued investment in infrastructure and education, alongside efforts to maintain political stability, will be crucial in sustaining its development momentum.
This paper concludes with recommendations for policy interventions aimed at addressing the unique challenges faced by each country. It also suggests areas for future research, including the exploration of sector-specific policies and their impact on economic and social development.
| 2 |
Author(s):
Uchechi Ngozi Wosu (Ph.D.), Ebere Sampson Wagbara (Ph.D.), Omeke Kasitem Sheila (Ph.D.).
Page No : 17-31
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Evaluation of the Effect of Fuel Subsidy Removal on Academic Staff Productivity in Tertiary Institutions in Rivers State.
Abstract
The study evaluated the effect of fuel subsidy removal on academic staff productivity in tertiary institutions in Rivers State. Three research questions and three hypotheses guided the study. This study adopted the descriptive survey design. The population of the study consisted of 3,154 academic staff from the three Universities in Rivers State. The sample size for this study was 340 respondents. The instrument used for data collection was a questionnaire titled: “Effect of Fuel Subsidy Removal on Academic Staff Job Productivity Questionnaire (EFSRASJPQ)”. Pearson’s Product Moment Correlation Coefficient method established the yielded reliability index of 0.89. Mean and standard deviation were used to answer the research questions while ANOVA was used to test hypotheses at a 0.05 level of significance. The study revealed that the removal of fuel subsidy affects the commuting costs of academic staff, demotivates academic staff and affects staff punctuality in Rivers State University, University of Port Harcourt and Ignatius Ajuru University of Education Nigeria. The study recommended that University managements should establish a transport support system or give allowances to academic staff to offset the increased commuting expenses.
| 3 |
Author(s):
Anthony Murunga Ekisa Amoo, Charles M. Rambo (Ph.D.), John M. Mbugua (Ph.D.).
Page No : 32-49
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Combined Financial Risks Management Habits, And Performance of Real Estate Construction Housing Projects in Kenya; A Case of Real Estate Construction Housing Projects in Busia County, Kenya.
Abstract
The study established how Combined Financial risk management habits influenced performance of Real Estate Construction Housing projects in Busia County. Data was collected using questionnaires, focus group discussions and interview schedules and analyzed using descriptive and inferential statistics. Descriptive statistics involved quantitative data analysis while inferential statistics involved testing of research hypotheses using spearman correlation and regression analysis. The study found that Combined Financial risk management practices influence performance of real estate construction housing projects in Busia County. The overall correlation coefficient for Combined Financial risk management practices and Performance of real estate construction housing projects in Busia County was found to be 0.637 with a p-value of 0.000 < α=0.05 implying that from the views of participants in the study, the results indicated that there was a significant relationship between Combined Financial Risk Management practices and Performance of real estate construction housing projects in Busia County. The simple linear regression coefficients as well as the Pearson correlation results indicated that there was significant influence of Combined Financial risk management practices on Performance of real estate construction housing projects in Busia County.
| 4 |
Author(s):
Julius Kaburu Agostino, Prof. Dorothy Ndunge Kyalo, Angelina Sabina Mulwa (Ph.D.).
Page No : 50-63
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Utilization of Monitoring and Evaluation (M&E) Tools and the Sustainability of Community Agricultural Projects Supported by Caritas in Meru County, Kenya.
Abstract
This study investigates the utilization of Monitoring and Evaluation (M&E) tools and their impact on the sustainability of community agricultural projects supported by Caritas in Meru County, Kenya. The study was guided by the research objective which sought to establish the extent to which utilization of M&E tools influences the sustainability of community agricultural projects supported by caritas in Meru County, Kenya. The research hypotheses related to the objectives were tested. A pragmatic research paradigm and a mixed-methods approach, combining quantitative surveys with qualitative interviews were adopted. The study found that utilization of M&E Tools which had (R^(2 )= 0.013 t=1.507 and P=0.134 which is greater than 0.05) had no significant positive relationship between M&E Tools and the Sustainability of community agricultural projects supported by Caritas in Meru County, Kenya. The study provides evidence-based recommendations for improving M&E practices, including strengthening capacity, enhancing community engagement, and improving resource mobilization.
| 5 |
Author(s):
Adewale Abdulwaheed Soneye, Aisha Yahaya-Bambale, Isaac T. Jolayemi, Folake D. Theophilus, Haladu M. Gambo.
Page No : 64-80
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Analysing Nigeria’s Trade Policies: Evolution, Achievements, and Challenges.
Abstract
This paper examines the historical development and impact of Nigeria's trade policies from the pre-independence era to the present day. It identifies both the benefits and challenges of these policies. Nigeria, the largest economy in Africa, has demonstrated significant economic potential, bolstered by its expanding international trade and active participation in the World Trade Organisation (WTO), which advocates for liberalised global trade. The interdependence among countries arising out of the principles of competitive and comparative advantages inevitably created the need for cross-border, that is, international trade. Countries have become more integrated through international trade, particularly since the WTO's creation in 1995. Despite the division of the nation's economic activities into agricultural, industrial, and service sectors, approximately 80% of its revenue and foreign exchange earnings come from oil and gas. Nigerian governments have implemented various policies to reduce this dependency and diversify the economy, leading to some progress in the non-oil export sector and other areas. The trade policies reflect gains such as the attraction of indigenous and foreign direct investments, employment creation, and economic growth. However, the essay also acknowledges significant challenges, such as inefficiencies in various sectors, underdevelopment of agriculture, and slow progress in developing non-oil export alternatives. In its conclusion, the essay suggested that the Nigerian government should balance its national economic growth and development objectives with the requirements of its WTO membership and other international trade commitments. Adopting and implementing well-formulated pragmatic trade policies can achieve this balance and advance the country's desired economic development agenda. Nigeria can enhance the value addition to its raw agricultural products, improve the competitiveness of its domestic industries, and address the infrastructural challenges that hinder the efficiency of its productive economic activities.
| 6 |
Author(s):
Chinazaekpere Onyebuchi Ibeh, J. C. Onyejiaka.
Page No : 81-95
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Comparative Performance Evaluation of Real Estate Investment Trusts Shares and Money Deposit Bank Shares in Nigeria (2013 – 2022).
Abstract
This study presented a need to evaluate the investment performance of Real Estate Investment Trust shares and Money Deposit bank shares in Nigeria using dividend yields between 2013 to 2022. The aim of the study was to determine the mean annual dividend yields of both investment media and subsequently compare the relative performance so as to enable investors make informed decisions about their choice of investment. The objectives of the study were to ascertain the dividend yield of both investment platforms over the last ten years, from 2013 to 2022 and to determine whether or not REIT shares outperformed Money Deposit Bank shares in dividend yield between 2013 to 2022.The methodology of data sample technique used was the purposive sampling technique, quantitative method of data collection was used to gather, assemble and collate data from the annual reports of selected of Real Estate Investment Trust and Money Deposit bank companies as well as through special publications of the Nigerian Stock Exchange (NSE) and Central Bank of Nigeria (CBN). Descriptive statistical techniques (Mean, standard deviation) were employed in analysing the data. The study found out that the performance of REITs shares showed a mean return of 5.275% over the ten years, this was compared to that of the performance of Money Deposit bank shares at 8.632% over the same ten years, showing under-performance. The study also found out that investments in Money Deposit Bank shares are much riskier than investment in REITs between 2013 to 2022. The study recommended that investment appraisal should be carried out before a decision is made towards embarking on such investment. It was also suggested that stakeholders in REIT should create an enabling environment for REIT to thrive in Nigeria.
| 7 |
Author(s):
Adekunle Oluwagbenga David.
Page No : 96-112
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Analysis of Capital Market Development and Economic Growth in Nigeria.
Abstract
This study examined the analysis of capital market development and economic growth in Nigeria between 1986 and 2022. As a result, real gross domestic product was used as the dependent variables while independent variables in the study included market capitalization, all share index, value of transactions, total number of new issues and exchange rate. The Auto-Regressive Distributed Lag Modelling (ARDL) technique as well as the Engle Granger causality test were used to analyse the data obtained from the CBN statistical bulletin. The results emanating from the analysis reported that total number of new issues had a positive impact on the economic growth while other variables had insignificant effect on economic growth. Furthermore, the causality results revealed that all the stock market variables had a uni-directional causality running from each of them to economic growth. Therefore, it is recommended that new issues in the capital market should be seriously regulated as it can affect the economic growth in a significant manner.
| 8 |
Author(s):
Timinepere Ogele Court, Joseph Eseogehene Isikuru.
Page No : 113-128
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Advancing Holistic Human Capital Development: A Perspective on the Presidential Amnesty Programme.
Abstract
The Presidential Amnesty Programme (PAP) was a policy thrust to tackle the intractable agitations and youth restiveness in the Niger Delta region due to utter neglect of the development of the region despite the enormous contributions to the national treasury from its rich-oil deposits and gas resources. Accordingly, this study uncovers human capital development in the Niger Delta states from the lens of the PAP. The study applied a quantitative research strategy with a structured questionnaire. A sample of 574 respondents was drawn through a multi-stage sampling design from 13, 254 chiefs, community leaders, youths and the staff of the amnesty office that serve as the target population of the study. From the primary and secondary data collected and analysed, the findings demonstrated that Presidential Amnesty programme had positive significant effect on vocational skills acquisition; a positive relationship between PAP and university educational advancement, there was a positive relationship between budgetary provision and human capital development among others. We concluded that the PAP has contributed to the human capital development of youths in the region. We recommended inter alia that the amnesty programme of the federal government of Nigeria should be committed to exposing ex-militants to vocational skill acquisition scheme to ensure self-reliance, and also should improve on the university educational advancement for ex-militants to acquire professional certification in the Niger Delta States.
| 9 |
Author(s):
Catherine Mabwa.
Page No : 129-141
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Foreign Capital Inflows and Exchange Rate in Kenya: A Time Series Analysis.
Abstract
Despite Kenya's efforts to attract foreign capital inflows, the country has faced challenges sustaining the inflow of foreign investments and continued surge in exchange rate. The purpose of this empirical paper is to highlight the impact of foreign capital inflows on the exchange rate in Kenya from 1992 to 2022 as a sample, with a particular focus on disaggregated foreign capital inflows. The study time series methodology improves on previous research on this topic by engaging Autoregressive distributed lag (ARDL) approach that can be used to examine the short-run and long-run dynamic interactions of the variables simultaneously and is more robust for small sample size of data. The research results reveal a robust and negative association between foreign capital inflows and exchange rate in Kenya. The results show that in general, foreign capital inflows does strengthen exchange rate. At the disaggregated level, the results show that foreign direct investment, portfolio investment and diaspora remittances are associated with exchange rate appreciation in Kenya. Therefore, Kenya should enhance policies geared at attracting foreign capital inflows to preserve the value of the domestic currency
| 10 |
Author(s):
Oyenuga Michael Oyedele, Omale Sunday Alewo.
Page No : 142-161
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Is Africa Jinxed? Examining the Challenges of Technology Access and Adoption in Africa.
Abstract
Purpose
Africa, as a continent with an abundance of human and mineral resources, should have been among the superpowers of the world and have no business being poor. However, despite its richness, it is still considered a developing continent, while many of the countries in Africa are classified among developing nations, emerging economies, or least developed nations because they lag in all ramifications, technology inclusive. This paper critically examined the challenges faced in Africa concerning technology access and adoption specifically in agriculture, education, health and transport sectors.
Methodology/Approach
This is purely a conceptual paper. However, the Unified Theory of Acceptance and Use of Technology (UTAUT) was employed in this study.
Findings
Many factors are responsible for Africa’s downward trend in technology access and adoption. Infrastructure is a major challenge common to all the sectors considered though there are other challenges like computer literacy, lack of adequate training, low income, culture, and electricity. Interestingly, In Africa today, uptake poses a greater challenge than coverage. The disparity in adoption rates is most pronounced among elderly individuals, economically disadvantaged women, and households residing in rural areas. Additionally, informal enterprises and rural settings exhibit higher levels of this discrepancy.
Research Limitations/Implications
Though the four sectors examined in this research are the primary sectors of the economy, sectors like banking, manufacturing, hospitality, real estate and others are open for research. This research, however, adds to the body of literature and should spur African governments and policymakers to ensure that Africa is moved forward with concise policies as many of the challenges highlighted have been in existence from time memorial.
Keywords: Africa, Sustainable Development, Technology Access, Technology Adoption
| 11 |
Author(s):
Olanrewaju Balogun, Bilal Zaghmout.
Page No : 162-183
|
Exploring Leadership Excellence and Accountability in Organizational Dynamics: A Comprehensive Analysis in Nigeria.
Abstract
This study explores the relationship between leadership excellence and accountability within organizations in Plateau State, Nigeria, and their combined impact on organizational culture and success. The research adopts a mixed-methods approach, utilizing both quantitative and qualitative data to provide a comprehensive analysis. Quantitative data were gathered through a structured questionnaire, revealing moderately positive perceptions of leadership practices, with a particular emphasis on fostering continuous learning and responsibility among leaders. Qualitative data, obtained through thematic analysis of open-ended responses, highlight effective leadership practices such as transparent communication and collaboration, as well as challenges in implementing accountability measures, including resistance to change and resource limitations. The Integration of quantitative and qualitative findings underscores the significant influence of leadership on accountability and, consequently, on organizational culture. The study also addresses social desirability bias by assuring participants of their anonymity and encouraging honest feedback. The findings contribute to academic discourse by providing localized Insights into leadership and accountability within the specific context of Plateau State, Nigeria. Practical recommendations include investing in leadership development programs, enhancing clarity in accountability measures, promoting continuous learning, addressing communication gaps, and prioritizing employee engagement. This research offers a roadmap for organizational leaders aiming to foster a culture of accountable leadership and drive organizational success in dynamic business environments.
| 12 |
Author(s):
Aniekan R. Inwang, Nfawa Erasmus Usani, Idongesit Joshua Essien, Samuel G. Etuk.
Page No : 184-202
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Consumption Values and Green Purchase Behaviour among University of Uyo Students in Akwa Ibom State, Nigeria.
Abstract
The need to maintain a healthy lifestyle has led to a significant increase in the demand for goods and services that are environmentally friendly. However, previous investigations suggest that not only companies and the government, but also students, who play a significant role in consumption activities, should initiate solutions to environmental issues. In this study, the researchers investigate the influence of consumption values (functional, social, emotional, conditional, and epistemic) on the green purchase behaviour of university students in Akwa Ibom State, Nigeria. A cross-sectional research design was adopted for this study. A simple random sampling technique was used to draw 400 students from selected faculties of the University of Uyo. A structured questionnaire measured on a five-point Likert scale was used to collect data from the respondents. The collected data were tested and analysed using a simple linear regression approach. Findings from the study show that consumption values (functional value, social value, emotional value, conditional value, and epistemic value) have a significant influence on the green purchase behaviour of students in Akwa Ibom State. The researchers recommend that students should develop strategies that will improve their consumption behaviour towards purchasing environmentally friendly products.
| 13 |
Author(s):
Isaiah Iortyom Udaah, Abdulganiyu Sabo Abubakar, Paul Joseph (Ph.D.).
Page No : 203-218
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Welfare Effect of Gig Economy on Urban Households in Nigeria.
Abstract
In the age of digital innovation, the gig economy has emerged as a game-changer, reshaping the labour markets and offering unprecedented flexibility and new opportunities. As the gig economy grows, it is essential to grasp its effects on household welfare, given its influence on income, consumption, and overall well-being. This study examined the welfare effect of gig economy on urban households in Nigeria. with a descriptive survey design, questionnaires were distributed online to 384 respondents across various states in Nigeria. Data analysis was conducted via Structural Equation Modelling (SEM). The study findings revealed that the gig economy positively affects both income and household welfare. Higher income is correlated with increased consumption and improved household welfare, and household consumption is similarly linked to better welfare. Consequently, the study concludes that the gig economy enhances household welfare through its influence on income and consumption. On the basis these findings, the study recommends that the Nigerian government and policymakers establish a regulatory framework that supports the gig economy while protecting workers' rights; the government should invest in infrastructure and digital literacy programs to make gig work more accessible and efficient; and policymakers should implement social protection measures such as health insurance, pensions, and fair wages to protect gig workers from income instability and exploitation.
| 14 |
Author(s):
Olakulehin Tiamiyu Hammed, Olaniyi Oladimeji Abeeb, Adekanmbi Adewale Mathew, Alabi Mumeen Olatunbosun, Babalola Daniel Akinola.
Page No : 219-235
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Does Current Account Balance Affect Economic Growth? Evidence from Sub-Saharan Africa.
Abstract
This study aimed to provide an econometric analysis of the impact of current account balances on economic growth in various sub-regions of Africa. It utilized the cross-sectional autoregressive distributive lags (CS-ARDL) technique and analyzed data from 1994 to 2022. The result showed that inflation has had an adverse effect on the Gross Domestic Product (GDP) in three specific regions. While the short-run influence of inflation on GDP may not be statistically significant, its long-term impact is notably negative. Foreign Direct Investment (FDI) has a negative effect on GDP in the short run; however, this effect is not statistically significant across the different economies. Over time, Foreign Direct Investment (FDI) has a negligible effect on the GDP in North Africa, but it has a negative and statistically significant influence in Central Africa. These findings emphasize the different regional dynamics in Africa and illustrate the intricate interplay between current account balances and economic growth. In conclusion this study affirmed the necessity for targeted economic strategies to combat inflation and utilize FDI for long-term growth.
| 15 |
Author(s):
Timinepere Ogele Court, Kingsley Binaebi Ogbolo.
Page No : 236-246
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Working Capital Management and Financial Sustainability of Small and Medium Enterprises.
Abstract
The study examined the nexus between working capital management and sustainability of small and medium enterprises (SMEs) in Bayelsa State. A quantitative design was adopted and the population of the study was 1256 SMEs and a sample of 303 SMEs was selected through a stratified sampling procedure. The data were collected to through a structured questionnaire while content validity and Cronbach alpha was applied to determine the internal consistency of the measurement of the instruments. The data was analysed through structural equation modelling using a process-based approach of Smart PLS. The study found that account receivable management had a significant positive effect on financial sustainability of SMEs while cash management and inventory management had a positive but non-significant effect on the financial sustainability of SMEs in Bayelsa State. It was recommended that there should be a robust policy framework to promote effective receivable collection process and minimize bad debts. Further, managers should improve access to financing options foe SMEs and facilitate cash inflows and inventory management. There should also be an integrative working capital management processes to ensure financial sustainability of SMEs.
| 16 |
Author(s):
Anugwom Chinenye Georgina.
Page No : 247-267
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Manufacturing Sub-Sector Dynamics and Economic Growth in Nigeria (1981-2022).
Abstract
This study examined the impact of manufacturing sub-sectors on economic growth in Nigeria covering the period 1981-2022. Data for the study were extracted from the Central Bank of Nigeria (CBN) statistical bulletin and world development index (WDI) 2020. The method of data analysis used is the linear regression method with the application of the Error Correction Model (ECM). The major findings of the study reveal that Cement production (CP) contributes positively but insignificantly to economic growth in Nigeria (β = 2.622724 and p-value = 0.4414 > 0.05), Beverages and Tobacco Production (BTP) contributes positively but insignificantly to economic growth in Nigeria (β = 2.040513 and p-value = 0.0018 > 0.05), Chemical and Pharmaceuticals Production (CHP) contributes negatively but insignificantly to economic growth in Nigeria (β = -17.39120 and p-value = 0.5188 > 0.05) and Pulp paper and paper products (PPP) contribute positively but insignificantly to economic growth in Nigeria (β = 56.85029 and p-value = 0.5062 > 0.05). It is therefore the recommendation of the study that the government should create an enabling environment and adjust its taxation rate on these companies which is currently at 24% to around 18% and the federal and state governments should create a system to protect forests from illegal loggers who are indiscriminately exploiting and felling the national trees.
| 17 |
Author(s):
Oladipupo AbdulMalik Olalekan.
Page No : 268-278
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Cryptocurrency, International Aid, and Development: Opportunities and Challenges.
Abstract
In this study, the author focuses on how cryptocurrency and blockchain technology can be used to improve deliver of international aid since traditional methods include problems such as corruption, inefficiency and lack of transparency. The main research question addresses the question of how Cryptocurrency could enhance efficiency, enhance transparency, accountability, and fight corruption in the dispensation of aid. The authors performed a qualitative content analysis of data collected from multiple articles, reports, and case studies including World Food Programme and UNICEF. The study shows that blockchain’s distributed digital ledger minimizes misappropriation of funds risk, maintains real-time tracking; cryptocurrencies, specifically stablecoins, are more effective in real and low-cost transactions. Nevertheless, the work also points to the threats evident in legal and regulatory frameworks, low levels of digital literacy, and technological constraints. In conclusion, if all the challenges are solved, the cryptocurrency will enable the complete redesign of the distribution of the funds for aid.
| 18 |
Author(s):
Andrew Izuchukwu Nnoje (Ph.D.).
Page No : 279-294
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Gender Inequality and Economic Growth in Nigeria: A Granger-Causality Analysis (2009–2023).
Abstract
This study examined the causality relationship between gender inequality and economic growth in Nigeria covering the period 2009-2023. The study was anchored on two inequality theories namely; functionalist theory and conflict theory. The ex post facto was used as the research design for the study. Data for the study were extracted from the World Development Index of the World Bank and the Central Bank of Nigeria (CBN) Statistical Bulletin (2023). The method of data analysis adopted in the study is the Granger-Causality Analysis with the Unit-Root employed to estimate the stationarity status of the variables. The results of the study reveal that there is a causality relationship existing between gender inequality and economic growth in Nigeria covering the period 2009 to 2023. However, the result reveals that the relationship is bi-directional; flowing from gender inequality to economic. The F-statistics and corresponding probability values shows that gender inequality granger causes economic growth. The GIE yielded p-value of 0.0037 < 0.05, GIEPP yielded a p-value of 0.0137 < 0.05, GHIC yielded 0.0108 < 0.05, and GIED yielded 0.0341 < 0.05. The study therefore concludes that addressing gender inequality in Nigeria is crucial for unlocking its economic potential. Comprehensive policy interventions that promote gender equality in education, employment, and political representation are necessary to ensure that Nigeria's economic growth is inclusive and resilient.
| 19 |
Author(s):
Ozoh Joan N., Madueke Chinwe, Ezenwobi Ngozi, Onwuka Irene, Ezeife Agbachukwu.
Page No : 295-306
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Non-Oil Sector Performance and Economic Growth in Nigeria.
Abstract
Most of Nigeria's public income comes from oil exports, making it vulnerable to global market crashes and instability. The economy is experiencing a downturn due to the 2014–2015 decline in the value of crude oil. To increase the manufacturing of non-oil product exports and generate external cash, the state government is nowadays faced with the challenge of reorienting the economy to the non-oil sector. The study specifically considered the effect of non-oil sector performance, such as the output of the industrial, service, and agricultural sectors, on economic growth in Nigeria using yearly time series data from 1999 to 2022. The growth rate maximization theory was used in this investigation. The World Bank (2022) and the CBN Statistical Bulletin (2022) provided the data used in this analysis. Multiple regression analysis approaches were employed in the study. As the outcomes showed, the growth of the Nigerian economy is positively and significantly impacted by the output of the exchange rate, the manufacturing, service, and agricultural sectors; government spending has a negligible and negative effect on the growth of the economy. The research suggested that incentives should be created to support and expand Nigeria's manufacturing, service, and agricultural sectors to sustain the economy's growth.
| 20 |
Author(s):
Emmanuel A. Ayangbemi, Ben Obi (Prof.).
Page No : 307-324
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Asymmetric Impact of Carbon Emission, Oil Price Shocks on Economic Growth in Nigeria (1981 – 2022).
Abstract
The study examines the asymmetric impact of carbon emissions and oil prices on economic growth in Nigeria. The research is conducted using annual time series data running from 1986 to 2019. The study employs Nonlinear autoregressive distributed lag models (NARDL) as the estimation technique. The variables used in the analysis were Gross Domestic Product (GDP), Carbon Emission (CO2), and Oil Price (OP). the NARDL result shows that carbon emission has a negative and significant impact on economic growth in the long run and the oil price has a positive and significant impact on economic growth in both the short-run and long-run. Based on the empirical outcomes of the result obtained, the following recommendations were offered: The implementation of economic diversification policy from oil reliance towards dependence on other sustainable and energy types (renewable energy resources), should be sustain and strengthen especially. The private sectors should also tap into the opportunities that are available in the oil sector, such as the decarbonization programme in order to reduce carbon emissions from fossil fuels.
| 21 |
Author(s):
Sitati Olando, Mary Nywaira Mwenda (Ph.D.), Reuben Wambua Kikwatha (Ph.D.), Charles Mallans Rambo.
Page No : 325-335
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Mediating Effect of Delivery Capability on Public-Private Partnership Financing Structure and Geothermal Energy Development Project Completion in Kenya.
Abstract
Investments in Geothermal Energy Development Projects (GEPs) are still considered high-risk and capital-intensive with unpredictable completion even amidst the adoption of Public Private Partnership (PPP) financing models particularly in Sub-Sahara Africa (SSA). Numerous project completion bottlenecks affecting timely project completion have been documented lately; these challenges have caused delayed delivery of critical path milestones, project stalling, and even outright project failures. Recent empirical studies focused more on developed countries' longitudinal secondary databases covering the wider energy sector, with minimal attention paid to the situation of GEPs in developing countries. Anchored on the positivism and pragmatism foundations, this study examined the mediating influence of delivery capability on the relationship between PPP financing structure and the completion rate of GEPs in Kenya. Using a census survey design, data from 48 geothermal energy projects (project managers and implementation team leaders) and key informants was collected and analyzed using mixed methods. Data triangulation and diagnostic tests were performed. The results and findings revealed that while PPP financing structure alone explains 43.9% of the variance in project completion rates, the inclusion of delivery capability substantially increases the explained variance to 66.1%. Both PPP financing structure and delivery capability have statistically significant effects on project completion rates, with delivery capability (β = 0.579) having a stronger isolated effect compared to the PPP financing structure (β = 0.326). The reduction in the PPP financing structure coefficient from the first to the second model suggests that some of its effect is shared with or mediated by delivery capability. The study concludes that completing PPP-financed geothermal energy projects requires an integrated approach that considers both PPP financing structure and project delivery factors, particularly emphasizing building agile project management capabilities of public and private developers. Specific government support measures and industry recommendations are provided to enhance the success of geothermal energy PPP projects mainly in the SSA region.
| 22 |
Author(s):
Sunday Alewo Omale, Mohammed Idris Gurin.
Page No : 336-350
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Knowledge Management and its Effect on Firms’ Competitive Strategy and Efficiency in the Service Sectors of the Nigeria Economy.
Abstract
There is an amplified interest in an organization’s competitive strategy and efficiency in performing its functions. Knowledge management (KM) thus, serves as a means of improving an organization’s efficiency. However, it has become increasingly apparent that a lack of knowledge management and resilience in a dynamic and unpredictable corporate environment is a severe business concern that reduces competitive advantage and a firm’s performance. This research, therefore, explored knowledge management and its effect on firms’ competitive strategy and efficiency in the service sectors of the Nigerian economy to bridge this gap. We used an exploratory study technique, administering a self-designed questionnaire to 386 employees and managers from chosen service organizations. The questionnaire received 333 valid responses, representing 90.5% of the total. A multiple regression approach is used to analyze the information. The research results supported the hypothesis that KM engenders firms’ competitive strategy and efficiency through robust reward systems. The results also showed that if employees are satisfied and their interests are safeguarded, acquiring knowledge, preservation, distribution, and utilization would be easier, which leads to long-term organizational profitability and performance. Organizations should thus link knowledge management with employee interests and build broad strategies while fostering an atmosphere conducive to KM development and utilization.
