Inter-relationships among interest rates, savings and investment in Nigeria: An ex post analysis for 1975-1992 period with projections for 2010

This paper simulated the inter-relationships among interest rates, savings and investment in Nigeria between 1993 and 2010, using historical data on Nigeria spanning a period of 18 years (i.e. 1975-1992). By assuming diverse theoretical underpinnings and approaches, this study examined, in particular, what the connections and the directions of causality imply for interest rates policy, and savings mobilization and investments in Nigeria. Preliminary analysis carried out based on the historical data confirmed that the real interest rates had a negative effect on the investment rate in Nigeria between 1975 and 1992. Also, a positive association was found between the investment rates and the savings rates in Nigeria over the review period. This latter finding, thus suggest that persistent, low or negative real interest rates will discourage or fail to stimulate the savings rates, and may stifle qualitative investment in Nigeria. Ex ante forecasts beyond the historical data period further suggested that a marked decrease in the real lending rate would not result automatically into increased domestic investment. Similarly, a sizeable decline in the real deposit rate will not prevent a marked growth in total savings. Nonetheless, the gross domestic production should posit a 4.2percent growth rate in real terms between 1993 and 2010

Foetal wastage in Abattoirs and its implications: Situation report from Ogun State, Nigeria

This study examined the magnitude and implications f foetal wastage resulting from the slaughtering of pregnant cows in Lafenwa - Abeokuhl and ljebu-Igbo abattoirs in Ogun State between 1984 and 1989. Results show that one foetus is wasted for every 8 cattle slaughtered in the abattoirs. This has the ~rnve effects of reducing over time the herd size and revenue of owners, the access of most Nigerians to a nutritive source of dietary protein and therefore the ability to attain the internationally recommended protein intake level per caput per day.Keywords: Slaughter, pregnant cows, foetal wastage/recovery

Savings And Investment Patterns Of Food Crops Farm-Households In The Ijebu Division Of Ogun State, Nigeria

This paper analysed the savings-investment patterns of farm-households in the Ijebu Division of Ogun State, Nigeria. Specifically, the study analysed the socio-economic characteristics, and the fund allocation and savings-investment patterns of farm-households in the Ijebu Division. Cross-sectional data were collected from 100 farm-households in the study area. The data were analysed using diverse econometric methods. Results indicated that savings at home was a very common practice among the farm-households that constituted the study sample. The level of savings was influenced positively by the size of the working members of the farm-household. Income and interest rates on cycle savings also affected, albeit positively, household savings; although only one-tenth of any additional income is allotted to meeting the consumption needs of the farm-household. Household investment on the farm was also, influenced positively by the level of the household income. The interest elasticity of savings was 4.24 while that with respect to investment was found to be –7.26. Moreover, policy simulations carried out in the study indicated wide scope for mobilizing savings and for improving investment outlay at the farm-household level. The basic requirements, however, are well-designed income and interest rates policies, and aggressive savings mobilization and investment promotion at the farm-household level. Keywords: savings and investment patterns, food cropsJournal of Agriculture and Social Research Vol. 7 (1) 2007: pp. 11-2

Healing of burns in children: which is the better agent, honey or silver sulphadiazine?

No Abstract. Nigerian Journal of Paediatrics Vol. 32(1) 2005: 7-1

Toxicological Assessment Of Veronia amygdaliana Leaf Meal In Nutrition Of Starter Broiler Chicks

In a 6-week feeding trial, Vernonia amygdaliana leaf meat (VaLM) was tested as a dietary ingredient in broiler starter diets. The diets comprised VaLM included at Og (diet 1), 50g per kg basal diet (incorporated at the expense of groundnut cake and wheat offals - diets 2 and 3 respectively) and 100g per kg basal diet (incorporated at the expense of groundnut cake - diet 4). During the study, parameters such as characteristics, blood parameters, histopathology of some organs (liver, kidney, lungs, heat, gizzard and pancreas) and carcass characteristics were investigated. Birds fed on VaLM - based diets performed poorly, the effects of the diet being more pronounced on those fed diet 4. Addition of VaLM to poultry feed significantly (P<0.05) reduced feed intake and weight gain of experimental birds. Blood cellular constituents decreased significantly (P<0.05) in birds fed VaLM - based diets and there were serious histopathological changes within the liver, kidney, lungs, heart, gizzard and pancreas.Keywords: Vernonia amygdaliana leaf meal, starter broiler performance, histopatholog