An Appraisal of Some Factors Influencing Economic Growth in Nigeria

This study examines the impact of some determinants of economic growth on the Gross Domestic Products (GDP). These determinates include interest rate, inflation rate, oil revenue, Federal Government Expenditure, money supply, foreign private investment and foreign exchange rate. The study employed unit root test, co-integration test and multiple regression analysis. The result showed that there is a longrun relationship between GDP and all the determinants aforementioned. The study also establishes that money supply, oil revenue, Federal Government Expenditure and foreign private investment had significant impact on economic growth while inflation rate, interest rate and foreign exchange rates  adopted so far  by the government does not have significant impact on economic growth ( GDP). The study recommended that the productive capacity should be improved by Government through direct investment in the real sectors of the economy and Government expenditure should be expanded on productive ventures since its impact on economic growth is positive Keywords: Economic growth, Government expenditure, Output and Investment

Examination Of The Relationship Between Oil Price Shock And Macroeconomic Variables In Nigeria

The price of oil is one of the important macroeconomic indicators because of the extreme importance of supplying oil to different countries of the world to meet their energy needs. As Nigeria’s economy depends on oil prices, the country remains vulnerable to fluctuations in world oil prices. During periods of rising oil prices caused by macroeconomic and political conditions in the international market, the state usually has a positive trade balance, there is an increase in foreign exchange reserves and the revaluation of the national currency. The purpose of the article is to evaluate the relationship between oil price change and Nigeria’s economic growth rate using regression analysis

Development, Foreign Aid and Poverty Reduction: Paradigm in Nigeria

Foreign aid supplements internal resources required for economic development and growth in less developed countries (LDCs). Foreign inflows have bolstered a number of economic recuperation, reconstruction efforts and structural adjustment programs organized to haul the Africa economy out of a precarious decay

Indigenous fish processing and preservation practices amongst women in Southwestern Nigeria

668-672The paper investigates indigenous fish preservation practices (IFPs) amongst women of Epe Division in Lagos State of Southwestern Nigeria. Total 120 women engaged in fish processing and preservation were interviewed from five riverine communities in the study area through a multi-stage sampling procedure. About 52.5% of the respondents were solely engaged in fish processing and preservation; 47.5% combined fish processing and preservation business with other income-generating activities. Majority (82.5%) of the respondents were members of the cooperative associations. Salting, sun drying, smoke-drying and frying were the most popular processing and preservation techniques utilized by the women. About 55% of them, however, utilized between 3 and 4 of such methods. Lack of storage facilities, inadequate capital, smoke pollution, low sales of products and transportation problems were identified as major constraints

Cross-Country Analysis of Competitiveness Towards Innovation Potential Assessment for Industrials

The global competitiveness report reveals cross-regional and cross-country disparities, and the innovation development of industrials shows how difficult it is to build and support competitiveness at a high level and increase innovation potential. The bibliometric analysis proves the diversity of the studies in the field and the increasing trend in paper production. The lack of understanding of the link between different levels of competitiveness and the need to monitor and forecast innovative development necessitated the cross-country benchmarking of industrials' innovation potential. The offered methodology is a seven-stage algorithm of innovation potential assessment, based on an existing GCI methodology modified to reveal innovation development differences, and tendencies for particular industries. The ranking was performed for major industrial countries to reveal the gaps in innovative activities and develop catch-up strategies