| 1 |
Author(s):
Oloyede Adeola. O. (Mrs.).
Page No : 1-12
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Tourism: A Key to Sustainable National Economic Development
Abstract
One of the persistent goals for any country is finding the means through which sustainable economic development can be achieved. In Nigeria, this need is most important considering the rampant levels of poverty and under- development. All over the world, there is a growing trend in the contribution of tourism to GDP, export and employment. However, despite the abundance of tourist sites and destinations in Nigeria, evidence suggest that the country has not fully realized the benefits that the tourism sector has to offer. A lot of reasons have been cited for this ranging from the under- development of the tourism sector, insecurity, poor infrastructure, ineffectual government policies, inadequate private participation to inadequate promotion of the sector. Nevertheless, the experiences of other countries including African ones such as Kenya, Gambia and South Africa have proven that tourism can promote economic development, poverty reduction and environmental sustainability. This study examines the ways through which tourism can be used as a key for sustainable economic development and concludes that this goal can only be realized if the aforementioned constraints are removed
| 2 |
Author(s):
Ukpe Udeme Henrietta, Djomo Choumbou Raoul Fani, Olayiwola Sikiru Adekunle, Osayi Chinwe Prisca.
Page No : 13-23
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Macroeconomic Policy Management for Sustainable Food Security Outcome in Nigeria
Abstract
The study analyzed the effect of monetary and fiscal policies on food production index an indicator of food security from 1985 to 2016. The results of the study showed that government expenditure on agriculture and exchange rate were stationary at level while food production index, inflation rate and interest rate were stationary at first difference; there was a single cointegrating equation showing that there was a long run relationship among variables. The result of the vector error correction model (VECM) revealed that in the short run, only government expenditure positively affected food production index significantly. In the long run government expenditure on agriculture, inflation rate and interest rate at negatively affected food production index and exchange rate positively affected food production index. It was therefore recommended that government budget allocation to agriculture should meet up with the Maputo agreement to ensure the necessary increase of food production.
| 3 |
Author(s):
Chot Chuol Nyang, Pius Mbuya Nina, Aliyu Umar Husseini.
Page No : 24-32
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Valuing Biogas Production from Socio-economic and Environmental Dimensions
Abstract
In spite of biogas technology having been in use in Kampala for over thirty years, it is only recently that the popularity of biogas technology began to increase due to government and non-governmental agencies efforts aimed at promoting renewable energy. In this study, thirty-five households with installed biogas digesters were visited and, after obtaining the consent of household heads, interviews were carried out with plant owners. The interview question guide was designed to gather data on environmental, social and economic impacts of biogas use. We also sought additional information to understand current challenges relating to biogas technology adoption, which information was meant to generate insights into the future of biogas in the energy sector. The results revealed that 34.3% of households with biogas digester still use other sources of energy for cooking besides biogas. Among the benefits of using biogas instead of unclean energy sources like charcoal and firewood, less emissions were ranked highest for environment (71.4), household savings as important economic benefit (74.3%) and convenience of cooking using biogas as a leading social benefit (77.1%). In contrast, large initial capital (82.9%) stood out as the biggest challenge to biogas adoption in Kampala. In conclusion, it was unlikely for the very poor in informal settlements to invest in biogas due to a lack of financial savings required for the installation. Energy sector should create a platform which can allow credit access for biogas digester installation, payable on small daily savings for a period sufficient enough to facilitate repayments. Otherwise alternative methods of financing are necessary for slum dwellers in order for the majority of Kampala residents without livestock to gain access to biogas technology.
| 4 |
Author(s):
Ajayi Adeyinka Theresa (Ph.D), Oyewale Peter Oluwaseun (Ph.D), Ogunleye Opeyemi Racheal.
Page No : 33-47
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A Historical Appraisal of Local Rice Production and Its Impact on the Agro-Economic Sector of Ekiti State 1945-2015
Abstract
The study examines the historical development of local rice production and its economic important to the people of Ekiti State between the period of 1945-2015. Local rice was introduced Ekiti land during the colonial years by the Christian missionaries but started gaining ground in the post independent years. Ekiti people are well-known as the major producers of local rice. Its production in Ekiti started long before 1945 but the year1945 has been chosen as a remarkable date due to the activities of a well-known Igbemo farmer who specialized in the production of local rice and yam, where local rice industry is said to have started in Ekiti state. The introduction and adoption of local rice into the agricultural sector of Ekitiland marked a significant epoch in the agro-economic sector of Ekiti people. On this note, this paper aim at making an assessment of the production of local rice and its overall implication on the economic growth and development of Ekiti people. The methodology adopted for this paper is historical approach; hence, the study is based on primary and secondary sources. The primary source comprises of oral interview, newspapers, government gazette while relevant books were considered as useful secondary sources. The study concludes that the introduction and production of local rice has transformed the agro-economic sector of Ekiti state.
| 5 |
Author(s):
Ibrahim Sambo Farouq, Zunaidah Sulong, Nuraddeen Umar Sambo.
Page No : 48-63
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An Empirical Review Of The Role Economic Growth And Financial Globalization Uncertainty Plays On Financial Development
Abstract
Motivation: The modern world acknowledgment of the systematic and efficient role financial globalization uncertainty and economic growth plays on financial sector development brings about the hot debate among numerous researchers, institutions and experts from virtually both the growing and advanced economies looking for the essential functions of a well-developed financial system and what leads to this development in an economy. Novelty: The current study provides a critical review of past studies concerning financial globalization uncertainty and economic growth effects on both the emerging and developed economies’ financial systems across the globe, which to the best of the author’s knowledge is among the few if any review in this area exist. Data/Methodology: The author uses synthesising, theoretical analysis and systematization of empirical literature on the matter; structural analysis of how the variables relate from the conclusions of 50 relevant papers spanning the year 2015 to 2019 previously published in indexed journals for the analysis. The articles are sceptically assessed based on the extensive persisting determinants, given the theoretical perspective, the situation of the economy at hand, and the empirical feedback. Review Analysis: analytical research indicates that financial globalization uncertainty and economic growth positively affects the development of the financial sector in most developing and industrialized economies. Meanwhile, a negative or even neutral relationship seems prevalent in predominantly oil-rich countries. Policy Considerations: Based on the results of the reviewed researches the study thereby recommends that policymakers should focus on the policies that will be geared towards enhancing economic growth and continue to take advantage of financial uncertainty fear, thereby developing their financial sectors in most of the economies. However, oil-rich economies should deregulate their financial system and ease formal credit access to encourage economic activities which will, in return, enhanced financial development.
