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Purpose: The new scramble for Africa is marked by an influx of direct investment for the extraction and exploitation of the region’s natural resources, which has undoubtedly boosted the expansion of African commodities such as oil and minerals, as well as promoting rapid economic growth in several countries in the continent. Regrettably, Africa’s labour has been largely ignored, as most oil and mineral investments are capital-intensive and are likely to displace labour in local production, while also jeopardizing the continent’s job prospects. The study looked at the impact of FDI in the oil sector on labour employment in ten oil-rich African countries from 1995 to 2018 as part of its investigation into the new scramble and labour in Africa. Methodology/approach: The study used the Instrumental Variable (IV) regression in the context of the system Generalized Method of Moment (SGMM) estimator, based on dynamic panel modelling. Findings: The findings suggest that foreign investments in the oil sector have a positive, but not significant, impact on African labour employment. This suggests that during the review period, foreign investment in the oil sector did not result in a considerable increase in productive job opportunities in the oil-rich African countries. This study established that the new scramble for Africa in the shape of foreign investments in the oil sector did not result in job creation in the region. Originality/value: First, there is sparse literature on oil sector FDI-employment relations in Africa and this study extends literature by employing 10 oil-rich African nations. Second, unlike prior studies, this study applied advanced econometric techniques to account for the problems of unobserved heterogeneity specific to individual countries, cross-sectional dependence, serial correlation and endogeneity issues which are common in panel data regression. Third, this study will assist policymakers in the region to develop policies that will maximize the gains from the oil sector in Africa.

The interconnectivity of global economies has created undue uncertainties in severeal domestic economies. As a result, this paper specifically investigates the trans-Atlantic transmission of interest rate shocks with a view to identifying any macroeconomic concern for Nigeria using Annual time series data from World Bank’s Development Indicators 2020. To achieve the objectives of this study, various econometric tests were carried out on the variables such as the Augmented Dickey- Fuller (ADF) test, variance decomposition test as well as the impulse response test. The impulse response analysis of our VAR model shows that Nigerian variables respond significantly to shocks from foreign variables. The study therefore concluded that shocks in Nigeria are mostly from across the Atlantic. In line with this, the study recommended that monetary authorities in Nigeria should base their policy making on foreign shocks with a view to stabilizing the macroeconomic environment.

Child labour is a problem that affects children and the society all over the world. Children looses their youth and chance of studying, dangers their health and their future thereby providing harm to the society. This study examined child labour and its determinants in Nigeria with specific focus on informal sector of Onitsha Metropolis, Anambra state. It is a descriptive survey research. Interview schedule was used as instrument for data collection. Non-probability sampling was employed in which the sample were drawn using quota and purposive sampling technique. Data collected were analyzed using descriptive statistics(frequencies, percentages and charts).The aim of this study is to find out what determines the labour supply decisions in onitsha metropolis and also to find out the major causative factors of child labour in Onitsha metropolis. The study finds that parents determines the labour supply decisions in the study area. The findings of this study also showed that factors such as illiteracy, Parents ignorance, low level of awareness, high cost of living and low income also contribute to child labour in the study area. The study recommended amongst others that Anti-child labour watch group should be formed to prosecute and penalize parents who engage their children into labour in Onitsha and also government should provide financial assistance to parents to increase their income.

Following the rising spate of the debt profile of Nigeria and the fluctuating trend in her macroeconomic indicators, this study critically examined the impact of external debt on economic growth in Nigeria in the period, 1985 to 2019 by examining the causality between external debt stock and economic growth in Nigeria and identify the impact of external debt servicing on economic growth in Nigeria. The study employed the Harrod-Domar theory of economic growth and the Two-Gap model as theoretical framework to explain the impact of external debt on economic growth in Nigeria. The study made use of secondary data sourced from World Development Indicator 2019. Ordinary least square (OLS) technique was adopted for the regression analysis. The data were analyzed with the aid of e-view software (9th edition). The result showed that external debt has negative and insignificant impact on economic growth in Nigeria. Therefore, the study recommended the use of tax revenue to finance public deficit, encouragement of foreign direct investment and domestic investment through improvement in infrastructural facilities and an enabling environment devoid of political and economic instability. JEL: E32, E41, F33, F34, F43 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0892/a.php" alt="Hit counter" /></p>