Financial Sector Reforms and Industrial Development in Nigeria

This research work aims at filling this gap with particular emphasis on Nigeria, by looking at the role of financial sector reforms in enhancing industrial development. It utilizes aggregate annual time series data from 1980-2010. Primary data were collected from CBN statistical bulletin, Economic and financial review, the International Financial Statistics, the World Bank Development index (2003 - 2010).  Econometric tools used were unit root test, co-integration test, and error correction model. The empirical results revealed that financial reforms encourage the industrial growth and recommended that policies to be pursued by the government should take cognizance of inflation rate if the effect of financial reform programmes will be desirable. Also industrial development will become relevant only after some policy reversals. For this reason, it is necessary for the federal government to disburse funds with strict monitoring in order to encourage the low levels of development in the industrial sector in the economy. Keywords: Financial sector, Reforms, Industrial development, Nigeri

Effectiveness of Monetary Policy in Reducing Inflation in Nigeria (1970-2013)

The research study examined the “Effectiveness of Monetary Policy in reducing inflation in Nigeria’’, for the period 1970 - 2012, employing the co integration and Error Correction Technique of econometric analysis.  The data were sourced from the Central Bank of Nigeria statistical bulletin of various years.  The test of both the Unit root and co-integration revealed that there is a long relationship between the variables while the Granger Causality test revealed an un-directional relation between Monetary Policy and inflation.  However, the VECM test revealed that inflation, Gross Domestic Product (GDP) and exchange rate are negatively related and positively related to broad money supply (M2) and domestic credit.  The study is of the recommendation that Central Bank of Nigeria should balance its control instruments to achieve macroeconomic stabilization and development, money supply should be controlled to ensure high employment, interest rates should be liberalized to control price and output movement, the society needs to be sanitized of corruption and in all. Monetary policy measures should be designed in a way that enhances the attainment of the macro-economic objectives while checking inflationary trend. Keywords:Effectiveness, Monetary Policy, Inflation, Nigeri

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Objectives. Robotic surgery enables to perform coronary surgery totally endoscopically. This report describes our experience using the da Vinci system for coronary artery bypass surgery. Methods. Patients requiring single-or-double vessel revascularization were eligible. The procedure was performed without cardiopulmonary bypass on a beating heart. Results. From April 2004 to May 2008, fifty-six patients were enrolled in the study. Twenty-four patients underwent robotic harvesting of the mammary conduit followed by minimal invasive direct coronary artery bypass (MIDCAB), and twenty-three patients had a totally endoscopic coronary artery bypass (TECAB) grafting. Nine patients (16%) were converted to open techniques. The mean total operating time for TECAB was 372 ± 104 minutes and for MIDCAB was 220 ± 69 minutes. Followup was complete for all patients up to one year. There was one hospital death following MIDCAB and two deaths at follow up. Forty-eight patients had an angiogram or CT scan revealing occlusion or anastomotic stenoses (>50%) in 6 patients. Overall permeability was 92%. Conclusions. Robotic surgery can be performed with promising results

Robotically-Assisted Coronary Artery Bypass Grafting

Objectives. Robotic surgery enables to perform coronary surgery totally endoscopically. This report describes our experience using the da Vinci system for coronary artery bypass surgery. Methods. Patients requiring single-or-double vessel revascularization were eligible. The procedure was performed without cardiopulmonary bypass on a beating heart. Results. From April 2004 to May 2008, fifty-six patients were enrolled in the study. Twenty-four patients underwent robotic harvesting of the mammary conduit followed by minimal invasive direct coronary artery bypass (MIDCAB), and twenty-three patients had a totally endoscopic coronary artery bypass (TECAB) grafting. Nine patients (16%) were converted to open techniques. The mean total operating time for TECAB was 372 ± 104 minutes and for MIDCAB was 220 ± 69 minutes. Followup was complete for all patients up to one year. There was one hospital death following MIDCAB and two deaths at follow up. Forty-eight patients had an angiogram or CT scan revealing occlusion or anastomotic stenoses (>50%) in 6 patients. Overall permeability was 92%. Conclusions. Robotic surgery can be performed with promising results

Brand credibility and marketing performance in the Nigerian brewery industry

Brand credibility is the relevant symbols which make firms to be honest about their products and services and to examine complaints. The general objective of the study is to examine the effect of brand credibility on marketing performance in the Nigerian Brewery Industry. The study engaged the cross-sectional survey research design method and stratified random sampling technique. A sample size of 205 employees of the selected firms was randomly selected from the total population of 442. A structured questionnaire was used to obtain vital data from the respondents. In this study, the statistical techniques that were used include descriptive statistics and multiple regression analysis. Findings should that brand trust, perceived product quality and brand image have a significant positive relationship with marketing performance. The study, therefore, concluded that brand credibility has a positive effect on marketing performance in the Nigerian Brewery Industry. The study recommended that companies should develop long-lasting brand credibility to influence the intentions of consumers. And it can be established by giving expertise, trustworthiness and attractiveness to consumers

Brand Credibility and Marketing Performance in the Nigerian Brewery Industry

Brand credibility is the relevant symbols which make firms to be honest about their products and services and to examine complaints. The general objective of the study is to examine the effect of brand credibility on marketing performance in the Nigerian Brewery Industry. The study engaged the cross-sectional survey research design method and stratified random sampling technique. A sample size of 205 employees of the selected firms was randomly selected from the total population of 442. A structured questionnaire was used to obtain vital data from the respondents. In this study, the statistical techniques that were used include descriptive statistics and multiple regression analysis. Findings should that brand trust, perceived product quality and brand image have a significant positive relationship with marketing performance. The study, therefore, concluded that brand credibility has a positive effect on marketing performance in the Nigerian Brewery Industry. The study recommended that companies should develop long-lasting brand credibility to influence the intentions of consumers. And it can be established by giving expertise, trustworthiness and attractiveness to consumers

Anatomic repair of anomalies of ventriculo-arterial connection (REV). Results of a new technique in cases associated with pulmonary outflow tract obstruction.

From November 1980 to November 1986, 63 patients aged 4 months to 13 years (mean 3.4 years) underwent repair of anomalies of ventriculo-arterial connection with ventricular septal defect and pulmonary outflow tract obstruction, using a technique (REV) first described by us in 1982. The selection of patients was based on preoperative criteria, namely the measurement of the distance between the tricuspid and the semilunar valves. These measurements enabled us to select from patients with an abnormal ventriculo-arterial connection, those in whom the anomaly could be repaired by intra-ventricular partition alone. In the remaining cases, REV was indicated in the presence of pulmonary stenosis. The principles of the technique are: (1) resection of the infundibular septum creating a large, direct and subarterial communication between the left ventricle and the aorta; (2) construction of a straight left ventricle to aorta tunnel by intraventricular partition; (3) direct anastomosis of the pulmonary trunk to the right ventricle. There were 12 hospital deaths (19%). The mean follow-up was 32 months. One patient died suddenly 1 year after repair. Six patients required reoperation. All survivors are in NYHA class I, except for 3 patients who are in class II. No stenosis of the left ventricular outflow tract was found but 5 patients had a significant pressure gradient at the pulmonary outflow tract level. Our present experience suggests that in properly selected patients, REV allows anatomic repair in a wide variety of anomalies of the ventriculo-arterial connection associated with VSD and pulmonary outflow tract obstruction with an acceptable rate of mortality and morbidity