ABSTRACTThis research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and the resul...
ABSTRACTThis study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 1990-2011. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables. The explanatory powe...
ABSTRACTA major engine of economic growth and development of any nation is the stock market. It impacts positively on the economy by providing financial resources through its intermediation process for financing long term projects. These projects could be promoted by governments or private institutions. The analysis scope covered a period of twenty-five years spanning from 1986-2010. The econometric methodology adopted is the Ordinary Least square method (OLS). Using the independent variables...
ABSTRACTThis paper investigates the impact of global powers on the performance of the Nigerian economy ‘between’ 1970-2014 through the application of simple Annual Average Growth Rate (AAGR) technique. The comparative analysis of growth of key sectors of the Nigerian economy (agriculture, petroleum, manufacturing, solid minerals, transport and communication sectors) between Pre-globalization (Pre-SAP;1962-1985) and Post-globalization periods (Post-SAP;1986-2014). The study reveals that �...
INTRODUCTIONThe use of economic policy as tool for economic stabilization by governments of different economies of the world cannot be overemphasized. Some of these policy measures may have economic-wide effect (e.g. the budget and inflation) while others may have specific effects such as the consumption tax on consumer good (Killick, 1981 and Black, Calitz, Steenekamp, Ajam, 2000). Policymakers around the world employ various policies, singly or mix, to stabilize the boom-bust cyclical swing...
INTRODUCTION Objective of business may be different but their basic business activity is the same. They all produce or buy and sell goods and services that are in demand. Demand is in fact the basic of all productive activities. Just as necessity is the mother of invention, demand is the mother of production. Increasing demand for a product offers a high business prospects in future and decreasing demand for a product reduces the business prospect for example increasing demand of c...
INTRODUCTION Nigeria became a nation state in 1914 by the Act of Amalgamation of the Northern and Southern Protectorate by the British Colonial Administration. Before then there were separate cultural, ethic and linguistic groups span across both the Northern and Southern part of the land such as the Oyo, Benin, Nupe, Jukun, Kanem-Borun, Hausa Fulani, Igbo, Ibibio and TIV empires, some of these groups are large while others are relatively small. The British established a crown colony ad...
INTRODUCTION1.1 BACKGROUND OF THE STUDYIn Nigeria, the first and prime objective of any business in the private sector is to make profit but the uncertainty interest today’s economic environment. Threatens the survival of every business and makes sound liquidity and cash retention the vocal point for the management rather than the achievement of maximum profitability in experience of past few years had shown that no business or industry larger or small in Nigeria Today could claim to ...
INTRODUCTION It is universally acknowledged that the banking including play a catalytic role in t he process of economic growth and development. This acknowledgement is reinforced by contemporary conceptualism to the effect that banks are a veritable vehicle for mobilizing resources from su7plus units and tempting same to deficit unit. Banks constitute perhaps the most important segment of the financial market and played and a dominate vote in not mobilizing savings, b...
PREFACEThis research work is to identify the unemployment in our society. The work is divided into seven chapter. This tries to state the problems encountered in unemployment. And details of material gathered for this research work. Major problems of unemployment. This includes the major problems on individual and the society. And it also involves the consequence on of unemployment in society and recommendation for solving the problem. TABLE OF CONTEN...
ABSTRACTThis research work, the developmental impact of rural banking in Nigeria, a case study of United Bank of Africa (UBA) PLC Agbani Road Branch, Enugu was carried out to measure to what extent the rural commercial banks have been able to involve the inhabitant of the rural areas in economic activities and how successful the bank are measuring up with their major aim of existence. Sequel to this, the researcher employed a population size of 25 staffs of United Bank of African ...
ABSTRACT Nigeria has a long history of religious conflicts, some of the most virulent being those of the ‘Maitatsine’ (1980s) and ‘Boko Haram’ (July 2009). The latter matched the former in intensity, organization, and spread. Given the international attention to global terrorism, there is the likelihood that fundamentalist group receive motivation, material, and ideological support or influence from a global jihadist movement. Unresolved national issues, including the weak econom...
ABSTRACTThis study is aimed at finding out the determinants of savings in a deregulated economy. The Nigerian experience (1980-2010). The following hypothesis was formulated to guide the study. Ho: Interest rate has no significant impact on national savings in deregulated economy of Nigeria. Ho: inflation rate has no significant impact on national savings in deregulated economy of Nigeria. Ho: Exchange rate has no significant impact on national savings in deregulated economy of Ni...
INTRODUCTIONA "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be 'fettered', meaning that it invests only in funds managed by the same investment company, or 'unfettered', meaning that it can invest in external funds.There are different types of 'fund of funds', each investing in a dif...
ABSTRACTThe inter-relationship between Returns on investment, asset size and manpower development of food-based entrepreneurial industries in Abia state is the most common profitability ratio calculating pattern for determining economic impact of manufacturing or productive industries to the national economy.Though there may exist other several ways of determining this, but the most frequently used method is to divide net profit of the industries or companies under review by total assets taki...