CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Historically, Nigeria is largely an agrarian society; non-oil export (Agriculture) was the mainstay of the economy during the pre-colonial and colonial periods. Despite lack of modern farm implements which undermined the potential for large scale production, the sector was encouraging. Nigeria emerged in her first decade of her … Read more
ABSTRACT This study examines the impact of microfinance activities on rural economic growth in Nigeria for the period: 2000-2015; the introduction of microfinance banks is the inability of commercial banks to provide sufficient credit, savings and other financial services to the poor and so have taken up the challenges of the gap created by them; … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Insurance is one of the cornerstones of modern-day financial services sector. In addition to its traditional role of managing risk, insurance market activity, both as intermediary and as provider of risk transfer and indemnification, may promote growth by allowing different risks to be managed more efficiently, promoting … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY One of the activities of financial institutions (banks) involves intermediating between the surplus and deficit sectors of the economy. According to Bencivenga and Smith (1991), the basic activities of banks are acceptance of deposits and lending to a large number of agents, holding of liquid reserves against predictable … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Economic progress and development have been closely identified with Industrialization since Industrial Revolution from late eighteen century. This thinking has continued to influence policy makers especially so in developing countries (Jomo, 1993). In an attempt to enhance industrial performance and economic growth the Nigerian government has, since … Read more
Abstract This study examines the long and short run relationship between public expenditure and economic growth in Nigeria over the period of 1986-2014, using Johansen cointegration and error correction approach. Two components of Government expenditure and gross capital formation ratio are derived from Cobb Douglas production function. The result shows recurrent expenditure is the major … Read more
CHAPTER ONE INTRODUCTION Background to the Study: The relationships between government budget deficits and macroeconomic performance have received tremendous attention amongst researchers and policy makers around the globe. Persistent increases in budget deficits have assumed greater height in many emerging economies like Nigeria (Oladipo and Akingbola, 2011). However, evidence has shown that government budget deficit … Read more
TABLE OF CONTENTS Title page – – – – – – – – – i Certification – – – – – – – – ii Dedication – – – – – – – – iii Acknowledgement – – – – – – – iv Abstract – – – – – … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY One of the key policy objectives of any nation is to promote sustainable growth that could improve the standard of living of the people. Although, there are various sources of economic growth, the importance of energy in the growth process, particularly for developing countries, is well documented in … Read more
CHAPTER ONE INTRODUCTION Background to the study Energy is crucial to the improvement of social and economic welfare. It is necessary to continued economic activity in modern industrial nations, and its absence would result in interruption of economic growth and diminishing standards of living. In fact, in developing nations a lack of modern energy … Read more