Browsing by Author "Udo Emmanuel Samuel"

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Energy Consumption and Sectorial Value Addition on Economic Growth in Nigeria
(Horizon Research Publishing (HRPUB), 2021-02-02) Udo Emmanuel Samuel; Idamoyibo Hwerien Rosemary; Inim Victor Edet; Akpan Jack Ededem; Victor Ndubuaku
This study investigates the co-integrating and causal link between energy consumption and economic growth in three economic sectors of agriculture, manufacturing, and service sectors in Nigeria. Through the multivariate framework and quarterly data from 2000Q1-2018Q4. The ARDL bounds test approach, and Error Correction Model are the key techniques of analysis, and the Clemente-Montanes-Reyes unit root approach for structural breaks in the series. Findings revealed estimated billing system, and energy demand-supply gap as factors negatively influencing energy distribution and consumption in various sectors of the economy. The results also revealed a co-integrating relationship between economic growth and sectorial value creation. The results also revealed a bidirectional causality between liquefied natural gas and energy consumption and a unidirectional causality between economic growth and petroleum oil consumption. On the contrary, there is a non-causal relationship between the service and agricultural sectors. Sufficient energy distribution and consumption stir economic growth through value additions in the agricultural, manufacturing, and service sectors. The study recommends a review of the billing system, pricing framework, and policies to support, value creation, and addiction in Nigeria.
Financial Development on Employment Rate in Nigeria
(Sciedu Press, 2021-02-02) Victor Ndubuaku; Inim Victor Edet; Udo Emmanuel Samuel; Idamoyibo Hwerien Rosemary; Abner Ishaku Prince
This study examines financial development on employment rate in Nigeria on the premise of goal 8 of the sustainable development goals (SDGs). Using the ARDL model and annualized time-series data from 1999-2019. Findings revealed a positive and statistically significant impact of financial development on employment rate. Supporting the Phillips curve of an inverse nexus between inflation rate and unemployment rate. The findings contravene Okun‟s law of a negative relationship between economic growth and unemployment rate. The study recommences a policy framework to influence the operational and business activities of financial institutions to stir employment generation and economic growth in Nigeria.
Other Determinants of Inflation in Nigeria
(European Center of Sustainable Development (ECSDEV), 2020-02-02) Inim Victor Edet; Udo Emmanuel Samuel; Abner Ishaku Prince
Inflation is a continuous macroeconomic concern that has dominated thoughts at major economic fora due to its pervasive effect on the economy. The quantity theory of money isolates money supply as the major cause of inflation. The economic reality in Nigeria contravenes the theory. The study examines other determinants of inflation in Nigeria using the autoregressive distributed lag (ARDL) method on quarterly data from January 1999- December 2018. Findings show that poor infrastructural development, exchange rate, political instability, corruption, and double taxation significantly stimulate inflation rather than just money supply. The results show a causal relationship between other determining factors and inflation. The ARDL result shows a significant long-short run relationship. The study recommends that non-monetary factors of instigating inflation should be controlled and security expenditure should be review along with-related mechanisms to achieve low inflation at single digits at most and economic growth and development.
SARS-COV-2 PANDEMIC ON THE NIGERIAN EDUCATIONAL SYSTEM
(IAEME Publication (International Association of Engineers and Managers), 2020-02-02) Udo Emmanuel Samuel; Abner, Ishaku Prince; Inim Victor Edet; Akpan Ededem Jack
The Covid-19 pandemic has resulted in over 5million confirmed cases and over 300,000 moralities globally. Deteriorating the global economic, financial, and educational climate. Social distancing, self-isolation, and temporarily lockdown across the economic sector as measures to cushion the virus spared led to a decrease in the domestic workforce, revealing the shortfalls in the educational and health sectors. The shift from the conservative classroom learning to electronic learning (Elearning) globally contributed significantly to the sustainability of the educational sector during this pandemic. Evidence from Nigeria revealed a lack of infrastructures, the paucity of funds, policy issues, poor institutional preparedness for unseen eventualities like this pandemic among other factors thwart the smooth shift in Nigeria. It is in tandem with these prevailing issues that this study examines SARS CoV-2 on the Nigerian educational system. Findings show the government's positive efforts and support for online learning at the primary and secondary school levels. In contrast, online learning in government colleges, universities, and the rural communities is a mirage in Nigeria. Three in five students lack access to online education. The study recommends among other things; creative handling of public universities and colleges administration towards ICT adoption and online learning implementation. Development of educational policies and social infrastructures to drive the sector during an unforeseen crisis such as this pandemic, and a review of budgetary allocation to the educational sector to meet the UNESCO standard of 1520% of annual the budget.