Faculty of Arts and Social Sciences

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Author: search.filters.author.Idamoyibo Hwerien Rosemary

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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.
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    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.