The study investigates the impact of electronic banking on the performance of deposit money banks in Nigeria using quarterly data from the first quarter of 2010 the quarter of 2018 from the Central Bank of Nigeria statistical bulletin. It tested the response of the variables of interest, automated teller machine (ATM), point of sale (POS), mobile banking (MOBE), and web pay (WEPA) on net interest margin (NIMA).It employed the use of Jarque Bera normality and diagnostic tests, Augmented Dickey fuller unit root test for stationarity. The result shows that ATM, POS and WEPA are not significant to NIMA while MOBE is positively related and significant to NIMA. The study recommended that customers should be encouraged to use mobile banking platform.
This paper investigated the outcome of the adoption and implementation of Medium-term Expenditure Framework (MTEF) in the Nigeria budgeting process. MTEF is eulogized by the World Bank, and even donor organization DFR as the panacea to the poor public expenditure management (PEM) prevalent in most of sub – Sahara African Countries. MTEF was first adopted in Nigeria, following the passage of the Fiscal Responsibility Act 2007 Act 30 to guide her national annual budgeting process. Using simply statistical methods, we collated data from sixteen national budgets (2003 - 2016), and constructed statistical tables to investigate the MTEF in the Nigeria annual budgets. Using correlation coefficient, we examined the behaviour of three key fiscal and expenditure items in Nigeria annual budgets.Our findings showed strong positive correlation between the budgeted and actual figures in all three fiscal items. Oil production was negatively corrected with the actual. We concluded, following our findings that the adoption and implementation of MTEF has to a large degree improved fiscal discipline in the Nigeria budgeting process.
This study investigated the impact of industrial section performance on economic growth in Nigeria. Specifically, the study examined the impact of manufacturing sector output, mining and quarrying sector output, utility sector output and construction sector output on economic growth proxied by per capital real gross domestic product in Nigeria. Phillips-Perron unit root test, Johansen cointegration test and error correction mechanism (ECM) were applied on annual time-series data for the period 1981 to 2019. The findings indicated a long-run relationship between industrial sector performance and economic growth. The estimated long-run regression result showed that manufacturing, and mining and quarrying subsectors make significant contribution to economic growth while utility and construction subsectors have insignificant positive impact on economic growth in Nigeria. The short-run (ECM) regression result showed that the outputs of the manufacturing, mining and quarrying, construction and utility sectors all have insignificant positive impact on economic growth. Among other things, it is recommended that there should be a general improvement in the productive capacity of the industrial sector to enhance its contribution to economic growth.
This study uses the case of Nigerian economy to offer a robust insight on the extent to which trade liberalization matters for economic grow. Exploring ARDL modelling framework, we consider three alternative measures of trade liberation to determine whether the response of economic growth to trade liberalization is sensitive to the choice of the indicators of trade liberalization that is under consideration. We find significant effects of trade liberalization on economic but mainly in terms of trade openness and only in the short run situation. Thus, we recommend that policymakers consider alternative trade liberation strategies such as deeper integration framework capable of promoting the development of regional human capital and consequently long term economic growth.
Food production in Nigeria has not kept pace with rapid population growth resulting in declining levels of national food self-sufficiency. Consequently, Nigeria faces severe food security challenges. This paper, therefore, analyzed the effects of population growth and climate change on food security in Nigeria. Specifically, the study examined the effects of population growth, mean annual rainfall, mean annual temperature, and rate of urbanization on food security (proxied by food production index) in Nigeria; Annual time-series on the above variables from 1984 to 2018 were used. The data were obtained from secondary sources. The study applied Augmented Dickey-Fuller (ADF) unit root test, Johansen cointegration test and Error Correction Mechanism (ECM) on the data. The results of data estimation indicated that population growth has a negative impact on food security while climate change (in terms of rainfall and temperature) has significant adverse effects on food security in Nigeria. The paper recommends among other things, a set of climate change adaptation and mitigation measures to improve the food security situation in the country.
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