Faculty of Management Sciences

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End date: 2019Subject: search.filters.subject.GDP

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    Financial Inclusion
    (European Journal of Business and Management, 2019-02-02) Abbas Umar Ibrahim; Aderonke Folashade Olasunkanmi
    Financial inclusion has become a policy issue and a veritable tool for poverty reduction and the economic growth. This study aims to investigate how so far financial inclusion has benefited the banking sector and its challenges in Nigeria. Data for the study were collected mainly from secondary sources; such as Statistical Bulletins of the Central Bank of Nigeria (C.B.N.) and the National Bureau of Statistics. Data relates to the first and second elements of financial deepening (FDI and FD2), Liquidity ratio (LQR), Loan-to-deposit ratio (LDR), and Gross Domestic Product (GDP) covering a period from 1988 to 2017. The obtained data were analysed using the Ordinary Least Square (OLS) method facilitated with E-views 8 Econometric Software. The result showed that the first and second elements of financial deepening (FDI1 and FD2), and Liquidity ratio (LQR) all have a positive impact on the nation’s economic growth whereas Loan-to-deposit ratio (LDR) does not. Assessment of the first element of financial deepening (FD1) is however insignificant. Also, the extent of the relationship between the dependent and independent variables is very good (about 96%) although a case of autocorrelation is unavoidably present. Again the F- statistic shows a statistical significant relationship hence the null hypothesis is rejected. In conclusion, the study recommended the need to create deposit and borrowing windows at affordable cost to the poor and to the income group erstwhile tagged the ‘not bankable’, financial awareness should be well tailored in all local languages and across suitable platforms, among others.
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    Effects of the Determinants of Foreign Direct Investment in Nigeria
    (Journal of Global Economics, 2018-02-02) Ebire Kolawole; Lucky Otsoge Onmonya; V Ekemini Inim
    Most nations all over the world institutes policies to attract more Foreign Direct Investment (FDI) inflows. Identifying the key determinants of FDI inflows is therefore seen as an important task for policy makers. This study therefore, investigates the major determinants of FDI in Nigeria spanning from 1986-2017. Secondary source of data were used for the study which were first subjected to stationarity test using Augmented Dickey Fuller and Phillips Perron test. Findings showed that all variables were found to be integrated into the order of one. Cointegration analysis showed that there exist a long run relationship among the variables. Based on these findings, Error Correction Mechanism was used in testing the hypotheses. The result showed that exchange rate, GDP, first lag of GDP, military expenditure, first lag of military expenditure, political stability and financial development are the major determinants of FDI inflows to Nigeria. The study therefore recommends among others that, government at all levels should tackle the menace of insecurity ravaging the economy and portraying the country as insecure thereby creating a secured environment for FDI inflows. Democratic regimes should be sustained and investment policies should be instituted or improved on, in order to create a friendly environment to attract more FDI inflows.