No abstract

The study examined the influence of expected oil price on inflation rate with the view of understanding the behavior of inflation as a result of shocks on the expected crude oil prices in Nigeria. The study employed an Autoregressive Distributed lag (ARDL) and Bound testing cointegration approach in order to examine both the short-run and the long-run effects of the variables. The estimation result shows that expected oil price has a significant and positive effect on inflation both in the long-run and short-run in Nigeria. Surprisingly, in the long-run, interest rate has a positive and significant effect on inflation rate as against apriori expectations. It is therefore recommended that the Nigerian government diversify its resource base, and rely less on crude oil that is more susceptible to oil price shocks, thereby reducing the effects of oil price on inflation in Nigeria. Secondly, the monetary authorities may need to use an effective interest rate policy to control the inflation rate, which in turn will stimulate investment.

No abstract

This paper examines the causes of bad and doubtful debt in

Research Background: The COVID-19 pandemic has the capacity of severely disrupting economic activities and triggering economic crisis, especially in Africa’s Oil Exporting Countries (AOECs). The African economy is likely to be the worst hit, especially the Africa Oil Exporting Countries (AOECs), as they have been majorly low income countries and considering the fall in oil prices, as oil revenue forms a major source of their revenue and government expenditure. Purpose: This study explored the stakeholders’ opinions on reshaping and restructuring the economies of six African Oil Exporting Countries, with the aim of ascertaining the views of academics within the six AOECs, as regards the economic revival post COVID-19. Research methodology: The study utilized the Participatory Development Strategy Approach (PDSA), employing the Cronbach Alpha Reliability test, Estimated Response Rate (ERR) and Explanatory Factor Analysis (EFA) to extract opinions from 1,260 stakeholders within the six AOECs. Results: The results show that the stakeholders are of the opinion that the solutions to the rebuilding of AOECs are multi-faceted, suggesting a mixture of both government and private institutions in varying degrees. Some of the respondents favoured going back to agriculture and agribusiness to revamp their economies. Novelty: The study utilized an uncommon methodology; the Participatory Development Strategy Approach (PDSA) to achieve its objective. The PDSA is meant to allow the affected stakeholders’ participation in the policy making process. The respondents were purely academics, as it is believed that academics are the sources of hope of solving myriads of human challenges such as hunger and economic crisis.