| 1 |
Author(s):
Dr. Nnaemeka Bennet Christian Dillon Okoye, Dr. Anthony Dornubari Enwin, Dr. Ifeanyi C. Nelson Anyanechi.
Page No : 1-16
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Core Housing Strategy for Improved Urban Low-Cost Public Housing Delivery in Anambra State, Nigeria
Abstract
Anambra state of Nigeria experiences acute housing shortage for urban low-income population owing to inefficient public housing delivery system principled on conventional full-provision house types. Insufficiency of funds for housing development is a major cause. Increased rate and scale of housing production and volume of housing stock have been stalled. Low-income households are adversely affected, being priced out of the limited stock. Core housing, a partial-provision strategy believed to require less financial resources has been neglected. This research focused on the potentials of core housing strategy in financial cost-saving and other aspects of public housing products’ performance. Components of public housing products’ performance and the measuring variables were first outlined; followed by a review of the relationship between core housing and the variables, which was apt and revealing. This study has widened knowledge and prepared grounds for empirical studies of core housing performance in Anambra State public housing sector.
| 2 |
Author(s):
Appah Ebimobowei (Ph.D, FCA).
Page No : 17-46
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Oil Revenue and Economic Growth of Nigeria: 1990 – 2019
Abstract
The oil and gas business in Nigeria has brought unparalleled fluctuations to the Nigerian economy, mostly in the past five decades after it substituted agriculture as the basis of the Nigerian economy. This study investigated the relationship between oil revenue and economic growth in Nigeria. It spanned through the period 1990 through 2019. The specific objectives are to investigate the relationship between crude oil/gas export, petroleum profit tax/royalty, domestic crude oil sales, oil licensing fees on real gross domestic product and real gross national product in Nigeria. And also, ascertain whether the exchange rate moderates the relationship between oil revenue and economic growth in Nigeria. The study employed an ex post facto research design and the secondary data used for the investigation were sourced from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Service Fact Book and the World Bank Development Website. Descriptive Statistics, Pearson Moment Correlation Coefficient and Ordinary Least Square Multiple Regression Statistical tools were used in the study. The results revealed that Crude oil/gas export has a significant and negative relationship with the real gross domestic product in Nigeria; Petroleum profit tax/royalty has a significant and positive relationship with real gross domestic in Nigeria; Domestic crude oil sales have an insignificant and negative relationship with real gross domestic product in Nigeria; Oil licensing fees have an insignificant and negative relationship with real gross domestic product in Nigeria; The study concluded that there is a significant relationship between oil revenue and economic growth in Nigeria. The study recommends that the government should effectively and efficiently utilize the oil fund in strategic development projects so as to reduce the rate of poverty and facilitate economic growth.
| 3 |
Author(s):
Okorie George Chisom, Nwachukwu Nnamdi.
Page No : 47-58
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Impact of Fruits and Vegetables Export on Economic Growth in Nigeria (1981-2019)
Abstract
This study empirically examined the impact of fruits and vegetables exports on economic growth in Nigeria covering the period 1981-2019. To actualize the aim of this study, data for the research were extracted from the Central Bank of Nigeria (CBN) statistical bulletin, 2019. The method used in estimating the parameters of the model was the linear regression with the application of Ordinary Least Squares (OLS) technique and the Granger causality analysis. The major findings of the study are that fruits and vegetables exports contributes negatively but insignificantly to economic growth in Nigeria, government agricultural expenditures contribute negatively but insignificantly to economic growth in Nigeria and rainfall contributes negatively but insignificantly to economic growth. It is the recommendation of this study that; the government of Nigeria should encourage farmers by giving soft loans for agricultural activities especially for fruits and vegetables. This will help farmers meet up with financial needs in terms of purchasing some seeds, hiring machines, etc thereby boosting the massive production and exportation of fruits and vegetables in Nigeria.
| 4 |
Author(s):
Solaiman Saeed Hassan, Mohammed Abdelazeem Teleb.
Page No : 59-74
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Money Supply Behavior in Egypt (2004-2019)
Abstract
This study aims to investigate whether money supply behaviour in Egypt is exogenously or endogenously determined using data from 2004 to 2019. It aims to identify the determinants of money supply in Egypt and the most important tools used by the central bank to manage it. The study employs the Johansen-Juselius test (1990) to examine the long-run determinants of money supply in Egypt and the error correction model to examine the short-run determinants. We conclude that real GDP, discount rate, budget deficit, and net foreign assets have significant long-term effects on money supply, whereas exchange rate and net domestic assets have no effects. We recommend higher degrees of cooperation between the Central Bank of Egypt and the institutions responsible for the formulation of financial and commercial policies. we also recommend that the central bank continue monitoring foreign assets and strengthen its supervisory activities on banking institutions.
| 5 |
Author(s):
Muideen A. Isiaka, Lukuman O. Lamidi, Rasaki O. Kareem, Precious F. Oladotun.
Page No : 75-82
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Long-Run and Short-Run Relationship between Budget Deficits and Inflation Rate in Nigeria
Abstract
This study examines the dynamic relationship between budget deficit (BD) and inflation rate (INF) in Nigeria using secondary data extracted from the CBN statistical bulletin. Control variables included are real gross domestic product (RGDP), real interest rate (INTR), exchange rate (EXCHR) and private investment (INV). After obtaining a mixture of I(0) and I(1) variables from the unit root test, the study conducted a co-integration test using the ARDL approach. The results indicate that only RGDP and INTR have significant relationship with INF in the long-run. Budget deficit has no significant influence on inflation both in the long-run and in the short-run. This study concludes that budget deficit cannot be criticized based on its ability to induce inflation and recommends that inflation impact should be given low wait in evaluating budget deficit decisions.
| 6 |
Author(s):
Akeju Kemi Funlayo, Akode Thomas O..
Page No : 83-94
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Demographic and Environmental Factors on Women’s Health Outcome in Nigeria
Abstract
Despite the improvement in health status and health expenditure in Nigeria, health outcomes measured by the life expectancy rate remains low. This paper investigates the relationship existing between environmental factors and female life expectancy in Nigeria. Using annual time series data for the period 1990–2019 from the World Bank databases, evidence of poor environmental factors of sanitation, carbon dioxide emission and low access to electricity was found over the period. Johansen cointegration regression analysis results affirmed the presence of a long-run relationship among the variables while the result of the vector error correction model indicates that in the short run, environmental factors of access to electricity and carbon dioxide emission, from the use of petroleum-derived fuels as an energy cooking source, have a negative relationship with life expectancy. Demographic factors also exhibit a negative relationship with life expectancy; the lag of fertility rate has a negative effect on female life expectancy. We conclude that women's health outcomes are associated with their demographic and environmental factors which have a significant impact on their life expectancy. There is a need for the government to make plans on improving demographic factors towards improving female life expectancy in Nigeria.
| 7 |
Author(s):
Gabriel Garang Atem.
Page No : 95-108
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Remittances and Financial Development in Kenya: An Autoregressive Distributed Lag Approach
Abstract
This study estimates an Autoregressive Distributed Lag (ARDL) econometric model between 1970 to 2018 to test the long-run effect of remittances on financial development in Kenya. It also interacts remittances with monetary policy and human capital to test their complementarity in facilitating financial development. The long-run model finds that remittances hurt financial development contradicting the theoretical view. A possible explanation is the substitutability hypothesis which states that remittances replace the demand for financial products. The long-run model’s results find that monetary policy complements remittances while human capital harms the complementarity role of remittances. More studies are required to isolate the cause of the negative externality of human capital in facilitating remittances to boost financial development. Surprisingly, openness and economic growth used as control variables have negative effects on financial development, which also need further study. The long-run equilibrium model adjusts at a speed of 51.8 percent to correct short-term disequilibrium after every two years. The study recommends that policymakers in Kenya should be cautious about the negative side effects of remittances on financial development. This study recommends that policymakers identify prudent monetary, exchange rate, trade, and fiscal policies to curb the side effects of remittances in the economy and broader development planning.
| 8 |
Author(s):
Ifeanyichukwu Valentine Nwafor, Raphael Oshiobugie Sado, and Inipami Prince Johnnie.
Page No : 109-125
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A Review of Land Information Management Systems
Abstract
The need to improve on a system must begin with glare lapse(s) in the existing system yearning for redress. The desire for a much better way of going about the business evokes intensive search for possible available alternatives. The process ultimately leads the relevant stakeholders to discovery or fashioning of a pragmatic model that will not only serve the purpose more effectively and efficiently but will also have the approval of the majority of the stakeholders and stand the test of time. This study provided an overview of contributions made so far on land information management systems, with the sole purpose of ascertaining the progress recorded and inherent challenges to the existing system. Nigerians suffer unnecessary delays in obtaining land title and land title information. The scenario has caused failure and abandonment of many developmental projects. A more robust and integrated land information management system that will provide timely land information for the stakeholders in Nigeria is imperative.
