The urban informal sector's activities and its influence on soil and water quality of some Southern Nigerian Cities

Onyenechere, Emmanuella Chinenye; Uwazie, Uwazie Iyke; Elenwo, E I; Ibe, Francis Chizoruo

doi:10.1016/j.sciaf.2021.e01077

Cited by 4 publications

(1 citation statement)

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“…Researchers and macroeconomic observers reckon that most governments, including Nigeria, focused in this study engage in the continuous strive to offer support to the transformation of the informal sector to a formal status so as to attain the sustainability and growth of such businesses operating in this sector of the economy [ 28 , 29 ]. They argue that through their transformation they are positioned to make better contributions to the national economy.…”

Section: Literature Reviewmentioning

confidence: 99%

National debt management and business sustainability in Africa’s largest economy: A focus on the private sector

Shang,

Okorie,

Hang

et al. 2023

PLoS ONE

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In many developing economies, high and increasing public debt profile constitutes an essential means of financial risk. An appropriate debt management is germane for survival of business and good international reputation though its effect on private sector credit mobilization had been seldomly investigated. This study seeks to know whether strategic debt management approach exacts a significant effect on the Nigerian private sector and Africa at large resulting to higher credit availability for sustainable enterprise establishment. The study used a time-series observation spanning from 1981–2021. The method of data analysis employed the unit root test for stationarity. Johansen cointegration and vector error correction approach. The result of the unit root test indicates the series were all stationary after first difference and thus were integrated of order1. The Johansen cointegration test support the existence of a cointegrating series between the private credit and its determinants. More empirical evidence from the study shows that proper debt management and increase revenue generation through net taxes on products accounted for 0.93 and 1.32% increase in private sector credit mobilization, while total external debt stock was responsible for a significant negative influence of 0.60% on private sector credit mobilization. The study recommends that the government should always be proactive in their strategic and innovative approach to debt management, revenue generation and sources of funds. This will help not only to avoid crowding out of the private sector but will enhance adequate credit mobilization for effective operations of the private sector.

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Section: Literature Reviewmentioning

confidence: 99%