The Nigeria economy has witnessed a great degree of instability ever since the end of Civil War. From 2.48824 to 1.24414 grains of fine gold following the exchange of the Nigerian Pound to Naira in 1973, fixed exchange rates were establish for both Pound sterling and the US Dollar at £0.5833 and US 1.5200 respectively to N1.00 this has caused havoc to the Nigerian economy in that exchange rate the Naira to both Dollar and Pound sterling has been observed that the economy has it also been witnes... read more

Nigeria as a developing nation has been faced with a lot of problems, such as inadequate healthcare, poverty, illiteracy, unemployment, poor infrastructure and over reliance on oil, crime, corruption, poor macro- economic management, political instability etc. These are undoubtedly a challenge to the educational system. National Diploma (ND) programme, which are offered in tertiary level of education in the country, are designed among other goals to; a. Produce highly mot... read more

A high pricing of petroleum products is never welcomed by the general populace. Yet in Nigeria where petroleum products are regulated, the government has always allowed the prices of refined petroleum products to rise, and is prepared to continue doing so. The study examines an aspect of Nigeria’s energy policy that can have appreciable effects on its poverty alleviation drive: the pricing and subsidizing of petroleum products. Nigeria is rich but its people are poor [World Bank, (1996)]. This... read more

In Nigeria, the ability of the financial sub sector has been periodically punctuated by its vulnerability to systematic distress and macroeconomic volatility and policy fine-tuning inevitability which has worsen its contributions to the nations’ growth and development. Siyan and Obi(2003) stressed that the “ability of the banking sector to play its fundamental roles in the growth and development of an economy through its financial intermediation function which is perhaps the most importan... read more

The relationship between globalization and financial development has been a subject of considerable interest to development economists in recent years. The concept of globalization, which is the great economic event of our era, is not of recent birth but a concept, which has been in the economic literature from the outset of time. Globalization is the process of increasing integration of national economies with the rest of the world to create a more coherent global economy. Globalization is the ... read more

While in theory the nexus between FDI and growth (in terms of output and productivity) is in general positive, the empirical literature is far less conclusive. Some studies find positive effects from outward FDI for the investing country (Van Pottelsberghe and Lichtenberg, 2001; Nachum et al., 2000), but suggest a potential negative impact from inward FDI on the host country. This results from a possible decrease in indigenous innovative capacity or crowding out of domestic firms or domestic inv... read more

This study, the role of small and medium sized enterprises for economic growth, was undertaken to find out how SME sub-sector in Nigeria has performed and its impact on the economic growth of the country. Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of countries in Asia and North America. In Nigeria efforts have been made by successive governments to reduce pover... read more

Monetary Policy refers to the specific actions taken by the Central Bank (Monetary Authority) to regulate the value, supply and cost of money in the economy with a view to achieving predetermine macroeconomic goals. The Central Bank of Nigeria, like other central banks in developing countries, seeks to achieve price stability through the management of money supply. Money supply comprises narrow and broad money. The economy of Nigeria had a lot of structural distortions in the 1980’s. The econo... read more

The structure of the Nigerian economy is typically of an underdeveloped country. Over half of the Gross Domestic Product (GDP) is accounted for by the sector with agriculture continuing to play an important role. The oil and gas sector in particular continues to be a major driver of the economy, accounting for over 95% of export earnings and about 85% of government revenue between 2011 and 2012. The sector contributed 14.81 and 13.8% to GDP in 2011 and 2012, respectively. It also recorded an inc... read more

The world at large has suffered natural disasters (flood) throughout its long history. They displace and disrupt thousands of families, and having more traumatic effect in the poorest of nations, crippling what are often already woefully inadequate economic development efforts, and destroying infrastructure (Delaney et al, 2004). Natural disasters are happening more often and having an ever more dramatic effect on the world in terms of both their agricultural, human and economic costs. Floods ar... read more

Crypto currency constitute as a subset of alternative currencies or better referred to as digital currency is a digital asset from block chain technology which is designed to function as a medium of exchange using cryptography to execute transactions and to control the creation of additional units of the currency. The evolution and advancement of economic revolution and the need to sustain the economy through advanced financial technology, through a new form of digital currency using encryp... read more

Theoretic models of economic growth suggest that human capital accumulation is a significant determinant of rising per capita income. Microeconomic evidence of the positive relationship between schooling and wages supports this prediction. Estimates using macroeconomic data demonstrate that the initial stock of human capital is an important determinant of economic growth, but empirical estimates of the effects of changes in human capital (human capital accumulation) poorly match theoretic predic... read more

The A brief look at Nigeria today one can find out that we like fashion and everything new in Nigeria, the spirit that greeted the issue of globalization at its climax in 2000 seemed to have reduced. The word globalization also seems to have gone the internet, computerization and cyber café. Globalization as an economic concept has been viewed at differently by different academic scholars, to represent so many things. However, globalization has been defined by John Vogi (Vanguard 2003) to me... read more

The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth and development because of its ability to facilitate and mobilize saving and investment. To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996). Success in capital accumulation and mobilization for development varies among nations, but it is largely dependent on domestic savi... read more

In a depressed country like ours, global development is entering a phase where entrepreneurship will increasingly play a more important role. There is a need for the Nigerian economy to sustain growth through sustainable access to resources, knowledge, markets, and industrialization putting a premium on innovative entrepreneurship. There is no doubt that Nigeria is naturally blessed with entrepreneurship opportunities; yet the realization of the full potential of these opportunities has been ... read more

As the International Monetary Fund, IMF observed, the extent and severity of the crisis that began with the bursting of the housing bubble in the United States in August 2007 reflects the confluence of myriad of factors some of which are familiar from previous crises, while others are new. As in previous times of financial turmoil, the pre-crisis period was characterized by: (i) Surging asset prices that proved unsustainable; (ii) A prolonged credit expansion leading to accumulation of ... read more

It would be observed that, despite the presumed developments in the Nigerian economy, the country is still largely being regarded as a developing country (Onyema, 2006). More so, its industrial growth is not quite impressive. Before the emergence of formal microfinance institutions, informal microfinance activities flourished all over the country. Traditionally, microfinance in Nigeria entails traditional informal practices such as local money lending, rotating credit and savings practices, c... read more

The Emergence of the Global Financial Meltdown The global economy has been hit by the worst economic crisis since the Great Depression. What began as a meltdown of the United States sub-prime mortgage market in 2007, had grown steadily into a full blown economic crisis by 2008, wiping out trillions of dollars of financial wealth, undermining global trade and investment and putting the real economy on a course of protracted recession around the world (ILO, 2009.3; World Bank, 2009.1; Igbatayo, 20... read more

In developed and developing countries there are wide range of taxes and levies that affect individuals and companies, citizens and foreigners, manufacturers and marketers, workers and pensioners . In Nigeria taxes range from petroleum profits taxation to tenement rate imposition, and taxes are imposed at different levels to enable the government provide certain essential services and facilities to the population. Some of the issues involved are legal, economic, others are political, sociological... read more

Today, millions of people in the world are without food especially in the developing world which has been of great concern as stipulated in the United Nations millennium development goal 1, sub-targets A, B and C to fight hunger, povertyand starvation across the world and ensure environmental sustainability(UNCSD, Aug, 2011) .This study investigated the consequences of population growth on agricultural production in Obingwa local government area in Nigeria. This is a survey type of research and ... read more