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Author(s):
Editor in Chief.
Page No :
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African Journal of Economics and Sustainable Development, Volume 2 Issue 1, Full Issue
Abstract
African Journal of Economics and Sustainable Development, Volume 2 Issue 1, Full Issue
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Author(s):
Patricia Tarlue J.V., Ritah Nakanwagi, Emmanuel Kutiote J.O., Nasir Umar Ali, Aisha-Lul Ahmed Nur, Prudence Chanda, Pius Mbuya Nina.
Page No : 1-8
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Assessing Rural Communities’ Prospects for Biogas Technology Adoption as Clean Energy Source in Wakiso District, Uganda
Abstract
This study investigates the prospects for adopting biogas technology as clean energy by rural population in Wakiso district. Its main objective was to generate information on challenges and opportunities that exist locally for promoting biogas as an alternative source of energy in Wakiso district. A descriptive, explanatory and associational research designs was used in the study to collect information from the study areas. The design enabled qualitative and quantitative data collection and analysis of the variables under the study. It helped the researcher to obtain information in a shorter period of time. Qualitative data was obtained through questionnaires, interviews and observation while quantitative data was obtained through computation and analysis.
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Author(s):
Odekunle J.F., Akindele D.B., Adebayo G.O.
Page No : 9-27
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The Problems and Challenges of Development Control in Abeokuta-West Zonal Planning Area, Ogun State, Nigeria
Abstract
Development control is a tool or a regulatory process for implementing any physical Development Plan. The development of land is always in haphazard manner that no adequate spatial pattern can be derived. This paper examines the problem and challenges of development control in Abeokuta –West Zonal Planning Area. Primary and secondary source were used. Questionnaire and personal interview were both used. The area was divided into nine zones which are classified into three (A, B and C), one zone is selected under each category as the sampling frame for the research study. 267 buildings was selected across the categories of zones in the study area using systematic sampling method. The various data collected through questionnaires and the responses obtained from the interviews were presented and analyzed through the use of descriptive statistics. The findings revealed the challenges; lack of physical development guide, inadequate manpower, corruption and political interference/instability. However, regulatory measures were recommended for the improvement on development control practice in the study area. These include: provision of framework as guide for physical development; effective public awareness and enlightenment programmes; adjustment of assessment charges for the low-income earners; and domestication of Nigerian Urban and Regional Planning Law 1992, especially at the Local level.
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Author(s):
Sawuya Nakijoba , Lesego Selotlegeng.
Page No : 28-38
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Private Sector Credit – Economic Growth Nexus in Uganda (2000-2018): A Fully Modified OLS Analysis
Abstract
This study analyses the the private sector credit -economic growth nexus in Uganda using the Fully Modified Ordinary Least Square (FMOLS). The method was applied to quarterly data spanning from 2000: Q1 to 2018: Q4. We found a cointegrating relationship between economic growth and its selected determinants. Amongst others, findings from the error correction model confirmed a positive and statistically significant effect of private sector credit on output. In view of the financial intermediation roles of deposit money banks, the paper supports the ongoing efforts of the Central Bank of Uganda (BoU) in promoting a sound and real sector-friendly financial system. Also, the commitment of the bou to the gradual reduction in interest rates is meaningful for the country’s growth objectives.
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Author(s):
Obisesan Oluwaseun Grace, Akosile Mary Oluwayemisi, Ogunsanwo Odunayo Femi.
Page No : 39-50
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Effect of External Debt on Economic Growth in Nigeria
Abstract
This study empirically examined the effect of external debt on economic growth in Nigeria under the period of 37 years (1981-2017). The study specifically examined the influence of external debt, external debt service payment and exchange rate on economic growth proxy as real gross domestic product. The study employed least square econometric technique to ascertain the relationship between external debt variables and economic growth in Nigeria. The study found that external debt and external debt service payment have negative effect on economic growth while exchange rate has positive effect on economic growth in Nigeria. The coefficient of multiple determinations (R2) showed that approximately 77% of variations in economic growth are explained by the explanatory variables (EXTD, EXTDS and EXR) while the remaining 23% is accounted by factors not specified in the model. However, The Durbin Watson correlation test indicated that there is positive autocorrelation in the model which implied there is about 23% missing variables in the model. The conclusion that may be drawn from the study is that external debt has negative effect on economic growth in Nigeria. Hence, it is recommended that Debt Management Office should set mechanism in motion to ensure that loans were utilized for purposes for which they were acquired and channel towards productive uses and sourcing external debts should be considered as a means of long run development not just for solving short run problems.
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Author(s):
Obisesan Oluwaseun Grace, Ogunsanwo Odunayo Femi, Akosile Mary Oluwayemisi.
Page No : 51-65
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Effect of Foreign Exchange Management on Economic Growth in Nigeria (1987-2017)
Abstract
The study investigated the effect of foreign exchange management on economic growth in Nigeria for the period of 1987 to 2017. Real exchange rate, inflation, degree of openness and foreign direct investment were used to determine the influence of foreign exchange management on economic growth proxied as real gross domestic product in Nigeria. The study employed unit root test was used to test the stationarity of the variables, the Auto Regressive Distribution Lag (ARDL) test to test for the presence of long run relationship among the variables, Error Correction model to show the rate at which short-run inconsistencies are being corrected and incorporated into the long-run equilibrium relationship. The result of the study found that real exchange rate has positive and significant effect on economic growth; inflation rate revealed a negative and insignificant effect on economic growth; degree of openness indicated positive and insignificant effect on economic growth and lastly foreign direct investment displayed positive and statistically insignificant effect on economic growth in Nigeria. It was concluded that foreign exchange management has positive and insignificant effect on economic growth under study review in Nigeria. The study recommended that investors should consider fluctuations in other macroeconomic variables rather than fluctuation in the exchange rate market to guide their decisions in order to ascertain where to direct investments for profit maximization. The study further suggested that government and the monetary authorities should design policies and programs that will curtail the rising inflation rate thereby encouraging investors to invest in Nigeria.
