The study assessed the impact of monetary policy on economic growth in Nigeria. Three objectives guided the study. It employed quarterly data spanning 1986:Q1-2018:Q4, and used the Autoregressive Distributed Lag (ARDL) model, and the Granger causality test to carry out its empirical analysis and achieving its objectives. Findings from the study revealed that the monetary policy rate (MPR) had a positive impact on economic growth, but it was however not statistically significant. The broad money supply (M2) as a monetary policy instrument had a much more positive and highly statistically significant impact on economic growth in Nigeria. As such, the study recommended that the CBN should embark on a comprehensive monitoring of monetary instruments and aggregates and place less emphasis on inflation targeting (IT) alone. It is important to use other instruments which the central bank can control effectively like the broad money supply (M2) as it is more effective on the economy.
This study empirically investigates both the political and socioeconomic determinants of terrorism in Nigeria by conducting a series of negative binomial regressions over the time period of 1999-2013. The study analyzed first the effect of a range of political variables like democratic participation, political competition and institutional constrains on the counts of terrorist incidents. Then the study probes the effect of the socioeconomic variables: GDP per capita, economic growth, and trade openness. The study lends credence to the hypotheses that greater democratic participation, political competition, and executive constraints increase the counts of terrorist events in Nigeria. Moreover, the study finds no strong empirical evidence to suggest that economic development reduces terrorism in Nigeria. The results show that modernization pressures and changing economic conditions has a small and significantly negative effect on terrorist incidents, Furthermore, contrary to the terrorism empirical literature, the results display that trade openness has a significant and positive relationship with terrorism in Nigeria, albeit a small one. The robustness checks, deploying an alternative dependent terrorist variable and a nationwide security poll carried out by NOIPolls to gauge the perception of Nigerians on the major causes of terrorism, yield very similar sets of results. The overall pattern of relationships remains essentially identical.
The study examined the effect of malaria incidence and malaria control on health outcome and human capital development in Nigeria for the period of 1991 to 2017. The Vector Error Correction Model (VECM) was employed for analyzing the objectives of the study which include to examine the effect of malaria incidence on adult mortality rate, under-five mortality rate, and human per capita income in Nigeria, and to examine the effect of malaria control on malaria incidence in Nigeria. The findings of the study revealed thatNigeria among other African nations is yet to fully achieve the objective of reducing the burden of malaria and effectively controlling the prevalence of malaria, thereby improving on positive health outcomes and sustainable national development, as the VECM analysis of empirical results showed that malaria incidence had a positive but minimal effect on adult mortality rate by 0.5%, under-five mortality rate by 0.8%, and human per capita income by 40%. It also showed that malaria control which consists of children receiving anti-malarial drugs, government health expenditure, and insecticide-treated bed nets (ITNs) had a positive but poor effect on reducing the prevalence of malaria in Nigeria. As a result, the study recommends that the current National Malaria Control Programme (NMCP) should be strengthened and given more impetus in order to effectively control and combat malaria, the federal government of Nigeria should give major priority to the health sector in terms of spending as this will increase the provision of health facilities, storage facilities, and provision of appropriate anti-malarial medicines that will aid in controlling and reducing malaria incidence in Nigeria, among others were proffered.
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