The link between aggregate money supply, inflation and economic growth has raised a lot of scholarly debate in the field of economics and finance. The study sets to investigate the impact of money supply on macroeconomic variables in Nigeria from 1985 to 2016. The specific objectives of the paper were to ascertain the impact of narrow money supply, broad money supply, inflation rate, and exchange rate on real gross domestic product on one hand, and narrow money supply, broad money supply and exchange rate on consumer price index in Nigeria. The ex post facto research design and descriptive statistics were used to observe the variables in retrospect. To achieve the objectives of the study, two models were built to mimic the tread. To avoid spurious results, the Augmented Dickey Fuller test was used to solidify the data, which integrated at first difference I(1). The ordinary least square technique was employed to determine the magnitude and direction of the variables in the models. It emerged that narrow money supply has a positive and significant impact on inflation and real gross domestic product; conversely, broad money supply does not have any significant impact on inflation and real gross domestic product Empirical evidence further showed that exchange rate has an insignificant impact on inflation and real gross domestic product. Inflation rate on the other hand, has an inverse and statistically insignificant impact on real gross domestic product in Nigeria. Ceteris Paribus, the results suggest that economic growth and inflation is a function of money supply (narrow money supply) and exchange rate in Nigeria. The paper recommends that efforts should be put in place to better the exchange rate between the naira and other currencies. This will help avoid the imported inflationary pressure on goods and services in the country.
Trade openness as an indicator of growth in the Nigerian economy has caused grave concern among all stakeholders in the economy and the global business community at large. Nigeria's trade openness, governance, and economic growth were examined using quarterly time series data from 1996Q1 to 2021Q1. The study emphasised the role of governance in promoting long-term growth in Nigeria through trade openness. In this study, governance is proxied by three variants of good governance indicators: corruption control, rule of law, and government effectiveness, while the exchange rate was used as a control variable. The hypothesis was tested using the in autoregressive distributive lagged technique due to the mixed stationarity condition of the series. The estimated result revealed that trade openness is a negative predictor of economic growth and that government effectiveness promotes economic growth in the short run while control of corruption improves economic growth amidst a decreasing impulse generated by the rule of law in the long run. The study concludes that trade openness causes a reduction in economic growth in Nigeria while governance has a mixed effect on economic growth. Therefore, the study recommends that the government should enhance trade openness value and ranking through the export of capital-intensive commodities. Also, institutional efficiency should be enshrined Nigeria.
The subject of entrepreneurship education and entrepreneurship intention has received extensive investigation by researchers in diverse fields and from different perspectives. The aim of this research is to investigate how entrepreneurship is being taught in Nigeria and the effectiveness of the teaching methods used in delivering the programmes; evaluate the impact of EE teaching approaches on students’ entrepreneurship career intentions; and ascertain as well as evaluate key performance indicators/success measurement criteria. The research design is descriptive survey, population of the study which comprises all tertiary institution in Bayelsa State amounted to 33139 and the sample size was 395. The questionnaires were distributed electronically and responses were received accordingly. Descriptive statistics was used for data analyses (mean and standard deviation), while the hypotheses testing was inferential statistics (Pearson correlation). The results of the study shown that 87% of the respondents have impressive opinion about the entrepreneurship education delivered in Nigerian tertiary institutions. A high percentage of the student respondents rated the content of entrepreneurship lectures of strongly agreed and agreed (84%). This is a positive response with an important implication knowing that entrepreneurship is more than the mere creation of business. The characteristics of seeking opportunities, taking risks beyond security, and having the tenacity to push an idea through to reality combine into a special perspective that permeates entrepreneurs. Hence, the work recommends that entrepreneurship education should be made compulsory in all faculties in our tertiary institutions, funding should be made available by government to sponsor entrepreneurship training, mind-set training, business proposal after lectures, government should collaborate with tertiary institutions in updating curriculum on entrepreneurship education regularly as the need be and train manpower for effective delivery
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