Terrorism, Human Capital Development and Economic growth in Nigeria

Terrorism in Nigeria is on the increase despite government counter-terrorism efforts and expenditure. This paper examines the impact of terrorism on economic growth and human capital development in Nigeria from 1981 – 2019. The Generalized Method of Moments (GMM) estimator was employed in analyzing the data. A negative and insignificant impact of terrorism on economic growth and human capital development was found. Internal and external conflict also had a negative and insignificant impact on economic growth and human capital development. Government expenditure as well had a negative and insignificant impact on economic growth and human capital development. Domestic investment had a positive and significant impact on economic growth, while its impact on human capital development was positive but insignificant. We, therefore, recommend establishing a bank of security to directly fund security in Nigeria. This can contribute to remedying the terrorism situation. Also, establishing a bank of security can serve as a channel where armed forces and other security personnel who died in service to the nation can be compensated. This will encourage the armed forces in the battle against terrorism

Women’s Labour Force Participation: Economic Growth Nexus in Sub-Saharan African Countries

Women’s labour force participation is an aspect of empowerment and a leeway to achieving the SDGs due to the contribution of women’s labour to economic growth. This study investigated the impact of women labour force participation on economic growth in sub-Saharan African (SSA) countries. Important lessons were drawn from Israel as to how Israel has been empowering and currently improving women’s labour force participation and economic growth in general. The study employed a two-step system Generalised Method of Moments (GMM) with panel data from 35 selected SSA countries. The findings showed a positive relationship between gross fixed capital formation, female labour force participation rate, economic growth in SSA countries, and a negative relationship between growth in the region and fertility rate. The study therefore recommended that governments should provide a policy framework to favour and encourage more women’s participation in the SSA region