The relationship between government expenditure and economic growth has continued series of debate among scholars. Keynes (1936) argues that the solution to economic depression is to induce the firms to invest through some combination of reduction in interest rates and government capital investment including infrastructure. This claim that increasing government expenditure promotes economic growth is not supported by all scholars. A number of prominent authors especially of the neoclassical sch... read more

Until the early 70’s, the mainstay of Nigeria economy was agriculture. Then the country was famed for her proficiency in the production of groundnuts hence the Kano groundnut pyramids, oil palm and the faster part of cocoa in the western part of the country.The discovery of oil in the country in commercial quantities brought about radical changes in the economy of the nation. All other sectors seemed to have gone into oblivion and indeed were abandoned thereby making the country to be totally ... read more

A major challenge in to the Nigerian economy is the development of successful domestic enterprises that provide its people with needed products and thus contributes significantly in economic development of the country. Nigeria has a geographical importance in Africa through the potential of growth and development, the abundant and everlasting natural resource, diversified culture and trade unity with other African countries, American, European, and Asian countries, that gives her an edge to floa... read more

This study examined the role played by foreign direct investment and business environment on economic growth. The sample contained 39 Sub-Saharan African countries divided into two groups, 21 low incomes and 18 middle incomes from 1992 to 2012. The findings of pooled mean group estimator (PMG) revealed that the impact of foreign direct investment on economic growth was negative and statistically significant in low income and middle income countries. This result implies that more foreign direct i... read more

The construction sector occupies a focal position in the economy of any nation because it is an important contributor to the process of development (Aje, 2008). In the conduct of economic activities, the construction sector is always used by government as the stimulus for the buoyancy of the economy (Akindoyemi, 2011). The construction industry is therefore a critical factor or variable of progress in the drive for economic advancement of nations, especially developing countries such as Nigeria.... read more

The study of economic growth cannot be properly Discussed without mentioning trade as an engine of economic growth be it domestic trade or trade with other countries. The new classical economists, for example, drawing from historical evidence from the nineteenth Century, likened trade to an “engine of growth” (Nurske, 1961). Also, Kravis (1970) dubbed trade to be the “handmaiden of growth”. It has, therefore, become imperative for every Government to pay keen attention to matters relati... read more

The study seeks to empirically analyze the impact of exchange rate instability on foreign direct investment in Nigeria from 1981 -2014. The data for the research study was extracted from CBN statistically bulletin volume 25, 2014 edition. The methodology is ordinary least square were foreign direct investment was regressed on Exchange Rate, Real Gross Domestic Product and Openness of the economy. Some econometrics test were conducted such as the unit Root, Contegration and Vector Autoregressive ... read more

Effect Of Economic Crimes And Money Laundering In The Nigerian Financial Services sector ABSTRACT In recent years, and especially since the events of September 11, 2001, World wide efforts to combat money laundering and economic crimes have assumed heightened importance. Money Laundering and economic crimes are global problems that not only threatened security, but also compromise the stability, transparency, and efficiency of financial systems, thus undermining economic prosperity. The s... read more

Financial transactions involving the use and movement of physical cash are gradually declining with the introduction of the CBN’s Cashless policy. This development has been of great concern to economist, the government of Nigeria and financial institutions. This aim of this study is to evaluate financial and economic transactions under the new CBN’s cashless policy and how the development has enhanced the financial sector of the economy of Nigeria. Concerning methodology, both prim... read more

The basic reasons for taxation in any economy cater on the need to raise revenue for economic and social development and to guide taxpayer’s behavior. Revenue from taxation accounts for over 80% of government earnings in Nigeria, hence special attention is often paid by tax experts, economists and the larger public on how such revenue is being disbursed by government among the various economic sectors that makes up the country. This study, therefore, attempts to evaluate the impact of taxation... read more

The mobilization of resources for national development has long been the crucial focus of development economists. This is because, for sustainable growth and development to take place, funds must be effectively mobilized and allocated to enable business and the economy harnesses their human, material and managerial resources for optimal output. It is against this background that every country has a financial system which serves as a mechanism for the mobilization of resources for the attai... read more

The need to promote a virile industrial sector has continued to be a major concern of most development economies. The reason for this awakened interest in industrialization can be traced to the fact that a significant work to be the level of industrialization offers the place in a growing economy. Also, a significant increase industrial output offers prospect of growing availability of manufactured products, increase employment, greater efficiency, improved balance of payments and... read more

Over the years, government expenditure also known as government spending has been identified as a major tool in improving the standard of living of citizens in a country. Various spending on recurrent and capital projects such as such as building of schools, provision of good and affordable health care, payment of salaries/casual wages, provision of good roads, electricity and clean water are determinants of standard of living (Morris, 1987). Increased spending on these infrastructures has the t... read more

This research work was undertaken to roles of microfinance banks in financing small and medium scale enterprise. The work was intended to achieve the following objectives to ascertain the extent to which micro finance bank has been assisting in providing credit facilities to small scale industrialists, to determine the cost of variability in small scale industrial financing by micro finance bank. The literature review also describe objectives and functions of the microfinance bank, roles of micr... read more

One of the most important aspects of fiscal policy is the management of fiscal deficit, such fiscal deficit refers to the excess of the public sector spending over its revenue; such fiscal deficit has been at the forefront of macroeconomic adjustment. However, fiscal adjustment was recommended to developing countries [including all African countries] during the 1980’s, as being able to lead them out of their economic problems. It is broadly noted that fiscal deficit – a key fiscal indicator ... read more

Through the instrument used in monetary policy help us by the control of inflation in an economy. This to know the control of inflation using central bank of Nigeria monetary policy. Hence, this research work was focused on the investigation of the control of inflation by using central bank of Nigeria monetary policy. In carrying out this study, various research instruments such as questionnaires and oral interviews were used to collect data from respondents. The research design and methodology ... read more

The mode by which economic and industries can be effectively and efficiently developed have a problem. As a result, government charges less tax in order to encourage investments and activities in those areas which helps to improve the production capabilities, active economic growth as well as allocation of resources in social desirable manner. Tax incentive is the use of government spending and tax policies to influence the level of national income. Taxation itself is the proces... read more

The mode by which economic and industries can be effectively and efficiently developed have a problem. As a result, government charges less tax in order to encourage investments and activities in those areas which helps to improve the production capabilities, active economic growth as well as allocation of resources in social desirable manner. Tax incentive is the use of government spending and tax policies to influence the level of national income. Taxation itself is the proces... read more

The monetary policy of a country deals with control of money stock (liquidity) and therefore interest rate; in order to influence such macro economics variables as inflation, employment, balance of payment, aggregate output in the desired direction. There is no standard and ideal structure of monetary policy target and instrument, the instrument varies from country to country, depending on the size and stage of development of the financial market. Over the years, the objective of monetar... read more

The present day condition of the continuous rise in prices of commodities (consumable and durable) all over the country is well known to the populace and thus, the price increase has affected individuals in several ways, such as reduction in the standard of living people, high interest rate, etc the factor which affect this price escalation of consumable and durable commodities are broadly categories into human and natural factors. In the first place, the prices of the consumable and durable com... read more