PhD International Economics Phone: 1137046001 Address: Department of Economics Faculty of Economics and Administration, University of Malaya, Kuala Lumpur
This study examines trade openness, hydroelectric power production, and foreign direct investment... more This study examines trade openness, hydroelectric power production, and foreign direct investment (FDI) nexus on economic growth in Nigeria. Despite efforts toward trade liberalisation, Nigeria’s growth remains constrained due to heavy reliance on oil and minerals exports. Furthermore, electricity production challenges exacerbate these issues, hindering intra-African trade, FDI inflows, and overall economic growth. The study explores how trade openness and insufficient electricity production affects economic growth in the long run. The annual data from 1988 to 2022, sourced from the National Bureau of Statistics, Nigeria, Our World in Data, and the World Bank
Development Indicator (WDI) database was used. The econometric techniques employed are the autoregressive distributed lag (ARDL) to examine long-run and short-run dynamics, while the dynamic ordinary least squares (DOLS) is used as a robustness to address potential endogeneity and serial correlation concerns. The findings indicate that trade openness positively affects long run economic growth, as supported by DOLS estimates. However, hydroelectric power production and FDI had mixed effects on Nigeria's economic performance. The study recommends prioritising investments in electricity infrastructure to enhance trade competitiveness and attract FDI. Moreover, diversifying exports beyond oil and minerals is crucial for strengthen
economic resilience and drive sustainable development in Nigeria.
ANWESH: International Journal of Management and Information Technology, 2023
As the problems of transporting University of Ilorin, Nigeria students to and from campus are on ... more As the problems of transporting University of Ilorin, Nigeria students to and from campus are on the increase and it is gradually affecting learning due to limited transportation options. The main objective of this paper is to examine the effectiveness of the road transport system at the University of Ilorin, Nigeria. The study theoretical framework is based on human capital theory. To achieve this objective, questionnaires were distributed to students using a simple sampling technique in choosing respondents from the students' residential areas. And descriptive statistics and multinomial probit regression models were used in analyzing the data collected. The result indicates that there is an inadequate supply of transport modes particularly during peak periods which limited the effectiveness of transportation in the study area. Therefore, recommendations were made so that government, school authorities, and other stakeholders should take measures that will enhance the effectiveness of the transport system. Such measures include transport education, well-structured transport, and lecture timetables to reduce rushing periods, consideration should be given to e-learning and the policy of decreasing the cost of transport and providing adequate transport infrastructure should be implemented. These recommendations if adhered to, will reduce students' stress, and enhance their study capacity, which will in turn, improve human capital development.
Journal of Emerging Economies & Islamic Research, 2023
Poverty, institutional quality, and economic growth are all crucial to a
country's development a... more Poverty, institutional quality, and economic growth are all crucial to a country's development and have garnered attention from scholars and policymakers over the years. This study looked at the relationship between poverty, institutional quality, and economic growth in Nigeria from 1996 to 2018, applying the techniques of Fully Modified OLS (FMOLS) and Causality test. The two institutional quality variables that were used are rule of law and corruption control. Consequently, the study established that an increase in control of corruption (a corruption free environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people.
This research investigates the role of infrastructure in the nexus between financial development ... more This research investigates the role of infrastructure in the nexus between financial development and economic growth in 20 SSA countries. Our study is among the few to have observed an asymmetric connection between financial development and growth, while also measuring the interactive role of infrastructure on growth in SSA, which is considered the most vulnerable region in the world. While employing the pooled mean group (PMG) estimation technique on the data (spanning 1985-2018) obtained through secondary sources, our empirical findings suggest a non-linear linkage between financial development and economic growth, such that the positive impact outweighs the negative one in both the shortrun and the long-run. The non-linear estimate, however, provides that financial development has a mixed impact on economic growth as it indicates a positive effect to a certain level after which it hurts growth. Moreover, a negative long-run coefficient is observed on infrastructure, wherein it reduces the growth rate of the SSA economy by an average of 0.27%. On the final note, the interaction effect of infrastructure and financial development reveal a positive linkage with economic growth, wherein infrastructure enhances the longrun positive effect of financial development on the growth of the SSA countries by 0.23%. These results have important policy implications on the economies of the West African countries considered, as the study reveals inefficiency of infrastructure investment in the region.
European Journal of Government and Economics, 2024
Tourism is one of the major determinants of global economic growth, creating jobs within the sect... more Tourism is one of the major determinants of global economic growth, creating jobs within the sector, and Africa is no exception. The target of the sub-Saharan African (SSA) countries is to consider tourism as an alternative means of economic expansion. However, tourism is a means of environmental imbalance. This study investigates the complex relationship between tourism, economic growth, and carbon emissions in 47 Sub-Saharan African countries from 2005 to 2020. While economic growth significantly increases carbon emissions, tourism revenue shows a potential mitigating effect. Trade openness also contributes to emissions, while employment shows a negative correlation. These findings highlight the need for stricter environmental regulations and policies that leverage the region's labor surplus for sustainable tourism practices. Implementing such measures is crucial for minimizing the environmental damage associated with foreign direct economic activities and ensuring long-term sustainability.
Many countries in the developing world have implemented non-contributory old age pensions. Howeve... more Many countries in the developing world have implemented non-contributory old age pensions. However, evidence of the impacts on the elderly in Sub-Saharan Africa is scarce. This paper provides the first evidence from a randomized evaluation of an unconditional and non-contributory pension scheme targeted at the elderly and implemented in Ekiti State, Nigeria. The goal is to examine the extent to which such a scheme can serve as an instrument to improve the wellbeing of the beneficiaries in terms of improving their quality of life and reducing household vulnerability. The data used were collected over two six-month follow-up intervals from 6,326 eligible beneficiaries and 18,954 household members across 112 electoral wards in Ekiti State. The randomization of beneficiaries into treatment and control groups is done at the ward level, where 3,178 beneficiaries are eligible to receive an unconditional and non-contributory cash transfer and 3,148 beneficiaries are kept as controls. Treated beneficiaries self-report better overall quality of life, mainly in terms of more stable mental health, higher perceptions of happiness and capabilities, improvement in personal relationships, enhancing their community activities, and better health rating. However, the significant contributors to these results differ between the first and second follow-ups. Also, these effects are incremental in nature, suggesting that they are potentially sustainable over time. The findings provide evidence-based support for demand side interventions to improve the welfare of poor households, but also raise important policy implications for implementing countries. For Nigeria, there is scope for scaling-up to the national level targeting poor households. However, a successful and sustainable national social security scheme requires more equitable eligibility criteria, strong political will and commitment by the government.
... Samuel Morse on the other side of the Atlantic Ocean independently developed another version ... more ... Samuel Morse on the other side of the Atlantic Ocean independently developed another version of electrical telegraphy that he ... Adegboyega (2008), and Ndukwe (2008), both argued that this period was dominated by chaotic, hopeless and frustrating circumstances. ...
Petroleum resource dependent Nigerian economy along with poor governance, challenges the Nigerian... more Petroleum resource dependent Nigerian economy along with poor governance, challenges the Nigerian textile industry. Moreover, there is a sheer lack of political will to formulate policies directed at industrial growth by the Nigerian political class. The growth of textile industry is essential if Nigeria is to foster structural change and translate its potentials. This article examines how poor policy implementation stunted the development of the Nigerian textile industry from 1985 to 2015. The textile industry's decline reflects internal challenges and the failure to provide supportive policy measures and critical infrastructure for the growth of the sector. This is also related to Nigeria's overreliance on petroleum at the expense of other economic sectors. This article focuses on the neglect faced by the textile industry. Our findings indicate that overreliance on petroleum resources emboldened imports of foreign made products especially from China. It calls for the application of an industrial policy to increase the competitiveness of the Nigerian textile industry globally. The article provides an understanding into the reasons for the collapse of the textile industry. It also contributes to the need for industrial policy consideration for resource dependent economies.
The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants ... more The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South-South cooperation. In this study, the determinants of China's Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China-Africa engagement.
... GLOBALISATION AND POVERTY: COMPARATIVE ... But for the purpose of the present analysis, Osman... more ... GLOBALISATION AND POVERTY: COMPARATIVE ... But for the purpose of the present analysis, Osmani (2004:2), Diaz-Bonnilla and Robinson (2003:3), Round and ... hotly debated issue (Osmani 2004: 1). With the series of liberal policies like trade and financial liberalisation and ...
This paper investigated the determinants of China’s FDI flow towards Africa’s oil/minerals export... more This paper investigated the determinants of China’s FDI flow towards Africa’s oil/minerals exporting countries from 2003 to 2017 using the UN-Comtrade Harmonized System (HS) nomenclature trade data and UNCTAD China’s FDI data to examine the extent to which sector trade, institution and other variables determine China’s FDI. The econometric approach employed for the outlined model is random effects, generalized least squares and instrumental variable two-stage least squares. For the trade variables, the findings indicate that oil/minerals have higher magnitude and a positive significance to support the effect on the FDI flow. In other words, China’s FDI flow in Africa is inclined towards the extractive sector. Furthermore, the institutional quality finding is negative and significant to justify the upsurge of Chinese investment in weak politically stable regions
This article examines the impact of institutional quality on bilateral trade flow between Malaysi... more This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the period from 1985 to 2016. Using gravity model of trade and Poisson pseudo-maximum likelihood estimation method (PPML) technique, the results confirm that government effectiveness, regulatory quality and political stability have an adverse effect on bilateral trade flow among the OIC countries in Africa. On the other hand, these institutional quality variables were considered as a strength for Malaysian economic growth. Therefore, better institutional quality reforms are needed among OIC member countries in Africa in order to accelerate trade, economic growth and development in their region.
China’s ascent influences the Western aid dynamic significantly and changes the landscape in aid-... more China’s ascent influences the Western aid dynamic significantly and changes the landscape in aid-donor and aid-recipient relationship for resource-endowed countries in Africa. Similarly, within China-Africa relations, Nigeria established diplomatic relations with China in 2006 for a concessional oil-for-infrastructure plan to fill the development aperture. However, Nigeria opted out as political uncertainty and elite interest in rent-seeking supersedes development and well-being motive. We conclude that two interrelated causal factors – accountability and transparency – overwhelmingly obstruct Nigeria from optimising China interest in infrastructure development. The study recommends the review of National Planning Commission (NPC) 2007 ODA policy document on technical assistance, grants, and concessional loans to identify new problems and challenges associated with formulation and implementation of donor-assisted programmes.<br>
SCIENCE FORUM (JOURNAL OF PURE AND APPLIED SCIENCES) 22 (2022) 147 – 162, 2022
Neoliberalism or the contemporary transition of the age-old globalization has transformed the fac... more Neoliberalism or the contemporary transition of the age-old globalization has transformed the face of textile production and trade in Kano, Nigeria. This article provides statistical analysis of the scenario of Factory C, weaving department production capacity (2000-2015).deindustrialization encouraged by the worsening performance indicators in production encouraged by the adverse effects of neoliberalism in two and a half decades (1990-2015). The study compares the effects of the phenomenon from 1990 to 1999 when neoliberalism was entrenched and from 2000 to 2015 when Kano experienced an increase in textile trade relationships with China encouraged by the free movement of goods and improved communications. Information on production performance indicators and trend in employment and capacity utilization in three sampled factories were analyzed. Descriptive statistics was used to provide a clear picture of the behavior of location parameters of the data. The research also employed trend analysis techniques by plotting the observed data of the workforce and production capacity against the years under review. The analyses showed that heavy damage was done to the industry by neoliberalism and increased China's exports. Moreover, the results indicated that production was at its peak in the 1990s in terms of labor strength and production capacity. A decline in production was observed over the years as the workforce and capacity reduced to an appalling number when China occupied the Kano production space. This was from 2000 when liberalism became endemic and the textile factories in Kano suffered its impact. The competitive position open to the foreign textile industry challenges the opportunities open to Kano textile industry by globalization. Our study can be used as a benchmark by the policy makers to formulate a policy that can create the development of a comprehensive and workable home grown strategy which will in the long run ensure mutual beneficial interaction and build the system for a genuine win-win position.
Journal of Economic, Social and Educational Issues, 2022
Like most bilateral relations, China-Nigeria relations dated back to 1971 when the diplomatic rel... more Like most bilateral relations, China-Nigeria relations dated back to 1971 when the diplomatic relationship in politics, trade, investment, aid, technical, scientific, cultural, education, health, and the military was established. However, with the magnitude and duration of their relations, most of the existing studies focus on China-Africa. Also, it is observed that due to limited empirical studies and data limitations, many of the views on China-Nigeria relations lack evidence. Instead, conjectures have become strong both in academia and among the media, thereby leading to misleading reports. On this premise, this study made a conscious effort to review several important studies on China-Nigeria relations from 1972 to 2015. Specifically, the study attempted to profile Nigeria and make a comparative view of the China-Nigeria economy to furnish the readers with the details of their economic relations. The materials used for the review are Newspapers, secondary data from World Bank Development Indicators and other relevant literature on China-Africa/China-Nigeria. From the review, it is observed that oil and minerals endowment in Nigeria strengthens its relationship with China more than construction and manufacturing. Therefore, this study concludes that the Nigerian government and other concerned stakeholders should on leverage China's interest to develop the nation and improve economic growth.
The purpose of this research is to assess the universal scientific trends and examine the pattern... more The purpose of this research is to assess the universal scientific trends and examine the patterns in the intellectual research published on trade liberalization over a period of 35 years (1980-2015). The data were collected from a leading indexing and abstracting database Thomson Reuters Web of Science. The Kruskal-Walis test, ANOVA and Pearson’s correlation were employed in analyzing the retrieved data. Based on the citation trend of first 100 highly cited published articles with the least number of authors are found to have received the highest number of citations. Our result shows that there is actual statistical significance (p˂ 0.001) between the total citations attracted by articles published by 1 author and those published by 3 and 4 authors. The word trade liberalization has become dominant and consistent in the field of the study. These research trend and interest could provide focus to researchers for future research.
The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants ... more The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South-South cooperation. In this study, the determinants of China's Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China-Africa engagement.
This study examines trade openness, hydroelectric power production, and foreign direct investment... more This study examines trade openness, hydroelectric power production, and foreign direct investment (FDI) nexus on economic growth in Nigeria. Despite efforts toward trade liberalisation, Nigeria’s growth remains constrained due to heavy reliance on oil and minerals exports. Furthermore, electricity production challenges exacerbate these issues, hindering intra-African trade, FDI inflows, and overall economic growth. The study explores how trade openness and insufficient electricity production affects economic growth in the long run. The annual data from 1988 to 2022, sourced from the National Bureau of Statistics, Nigeria, Our World in Data, and the World Bank
Development Indicator (WDI) database was used. The econometric techniques employed are the autoregressive distributed lag (ARDL) to examine long-run and short-run dynamics, while the dynamic ordinary least squares (DOLS) is used as a robustness to address potential endogeneity and serial correlation concerns. The findings indicate that trade openness positively affects long run economic growth, as supported by DOLS estimates. However, hydroelectric power production and FDI had mixed effects on Nigeria's economic performance. The study recommends prioritising investments in electricity infrastructure to enhance trade competitiveness and attract FDI. Moreover, diversifying exports beyond oil and minerals is crucial for strengthen
economic resilience and drive sustainable development in Nigeria.
ANWESH: International Journal of Management and Information Technology, 2023
As the problems of transporting University of Ilorin, Nigeria students to and from campus are on ... more As the problems of transporting University of Ilorin, Nigeria students to and from campus are on the increase and it is gradually affecting learning due to limited transportation options. The main objective of this paper is to examine the effectiveness of the road transport system at the University of Ilorin, Nigeria. The study theoretical framework is based on human capital theory. To achieve this objective, questionnaires were distributed to students using a simple sampling technique in choosing respondents from the students' residential areas. And descriptive statistics and multinomial probit regression models were used in analyzing the data collected. The result indicates that there is an inadequate supply of transport modes particularly during peak periods which limited the effectiveness of transportation in the study area. Therefore, recommendations were made so that government, school authorities, and other stakeholders should take measures that will enhance the effectiveness of the transport system. Such measures include transport education, well-structured transport, and lecture timetables to reduce rushing periods, consideration should be given to e-learning and the policy of decreasing the cost of transport and providing adequate transport infrastructure should be implemented. These recommendations if adhered to, will reduce students' stress, and enhance their study capacity, which will in turn, improve human capital development.
Journal of Emerging Economies & Islamic Research, 2023
Poverty, institutional quality, and economic growth are all crucial to a
country's development a... more Poverty, institutional quality, and economic growth are all crucial to a country's development and have garnered attention from scholars and policymakers over the years. This study looked at the relationship between poverty, institutional quality, and economic growth in Nigeria from 1996 to 2018, applying the techniques of Fully Modified OLS (FMOLS) and Causality test. The two institutional quality variables that were used are rule of law and corruption control. Consequently, the study established that an increase in control of corruption (a corruption free environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people.
This research investigates the role of infrastructure in the nexus between financial development ... more This research investigates the role of infrastructure in the nexus between financial development and economic growth in 20 SSA countries. Our study is among the few to have observed an asymmetric connection between financial development and growth, while also measuring the interactive role of infrastructure on growth in SSA, which is considered the most vulnerable region in the world. While employing the pooled mean group (PMG) estimation technique on the data (spanning 1985-2018) obtained through secondary sources, our empirical findings suggest a non-linear linkage between financial development and economic growth, such that the positive impact outweighs the negative one in both the shortrun and the long-run. The non-linear estimate, however, provides that financial development has a mixed impact on economic growth as it indicates a positive effect to a certain level after which it hurts growth. Moreover, a negative long-run coefficient is observed on infrastructure, wherein it reduces the growth rate of the SSA economy by an average of 0.27%. On the final note, the interaction effect of infrastructure and financial development reveal a positive linkage with economic growth, wherein infrastructure enhances the longrun positive effect of financial development on the growth of the SSA countries by 0.23%. These results have important policy implications on the economies of the West African countries considered, as the study reveals inefficiency of infrastructure investment in the region.
European Journal of Government and Economics, 2024
Tourism is one of the major determinants of global economic growth, creating jobs within the sect... more Tourism is one of the major determinants of global economic growth, creating jobs within the sector, and Africa is no exception. The target of the sub-Saharan African (SSA) countries is to consider tourism as an alternative means of economic expansion. However, tourism is a means of environmental imbalance. This study investigates the complex relationship between tourism, economic growth, and carbon emissions in 47 Sub-Saharan African countries from 2005 to 2020. While economic growth significantly increases carbon emissions, tourism revenue shows a potential mitigating effect. Trade openness also contributes to emissions, while employment shows a negative correlation. These findings highlight the need for stricter environmental regulations and policies that leverage the region's labor surplus for sustainable tourism practices. Implementing such measures is crucial for minimizing the environmental damage associated with foreign direct economic activities and ensuring long-term sustainability.
Many countries in the developing world have implemented non-contributory old age pensions. Howeve... more Many countries in the developing world have implemented non-contributory old age pensions. However, evidence of the impacts on the elderly in Sub-Saharan Africa is scarce. This paper provides the first evidence from a randomized evaluation of an unconditional and non-contributory pension scheme targeted at the elderly and implemented in Ekiti State, Nigeria. The goal is to examine the extent to which such a scheme can serve as an instrument to improve the wellbeing of the beneficiaries in terms of improving their quality of life and reducing household vulnerability. The data used were collected over two six-month follow-up intervals from 6,326 eligible beneficiaries and 18,954 household members across 112 electoral wards in Ekiti State. The randomization of beneficiaries into treatment and control groups is done at the ward level, where 3,178 beneficiaries are eligible to receive an unconditional and non-contributory cash transfer and 3,148 beneficiaries are kept as controls. Treated beneficiaries self-report better overall quality of life, mainly in terms of more stable mental health, higher perceptions of happiness and capabilities, improvement in personal relationships, enhancing their community activities, and better health rating. However, the significant contributors to these results differ between the first and second follow-ups. Also, these effects are incremental in nature, suggesting that they are potentially sustainable over time. The findings provide evidence-based support for demand side interventions to improve the welfare of poor households, but also raise important policy implications for implementing countries. For Nigeria, there is scope for scaling-up to the national level targeting poor households. However, a successful and sustainable national social security scheme requires more equitable eligibility criteria, strong political will and commitment by the government.
... Samuel Morse on the other side of the Atlantic Ocean independently developed another version ... more ... Samuel Morse on the other side of the Atlantic Ocean independently developed another version of electrical telegraphy that he ... Adegboyega (2008), and Ndukwe (2008), both argued that this period was dominated by chaotic, hopeless and frustrating circumstances. ...
Petroleum resource dependent Nigerian economy along with poor governance, challenges the Nigerian... more Petroleum resource dependent Nigerian economy along with poor governance, challenges the Nigerian textile industry. Moreover, there is a sheer lack of political will to formulate policies directed at industrial growth by the Nigerian political class. The growth of textile industry is essential if Nigeria is to foster structural change and translate its potentials. This article examines how poor policy implementation stunted the development of the Nigerian textile industry from 1985 to 2015. The textile industry&#39;s decline reflects internal challenges and the failure to provide supportive policy measures and critical infrastructure for the growth of the sector. This is also related to Nigeria&#39;s overreliance on petroleum at the expense of other economic sectors. This article focuses on the neglect faced by the textile industry. Our findings indicate that overreliance on petroleum resources emboldened imports of foreign made products especially from China. It calls for the application of an industrial policy to increase the competitiveness of the Nigerian textile industry globally. The article provides an understanding into the reasons for the collapse of the textile industry. It also contributes to the need for industrial policy consideration for resource dependent economies.
The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants ... more The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South-South cooperation. In this study, the determinants of China&#39;s Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China-Africa engagement.
... GLOBALISATION AND POVERTY: COMPARATIVE ... But for the purpose of the present analysis, Osman... more ... GLOBALISATION AND POVERTY: COMPARATIVE ... But for the purpose of the present analysis, Osmani (2004:2), Diaz-Bonnilla and Robinson (2003:3), Round and ... hotly debated issue (Osmani 2004: 1). With the series of liberal policies like trade and financial liberalisation and ...
This paper investigated the determinants of China’s FDI flow towards Africa’s oil/minerals export... more This paper investigated the determinants of China’s FDI flow towards Africa’s oil/minerals exporting countries from 2003 to 2017 using the UN-Comtrade Harmonized System (HS) nomenclature trade data and UNCTAD China’s FDI data to examine the extent to which sector trade, institution and other variables determine China’s FDI. The econometric approach employed for the outlined model is random effects, generalized least squares and instrumental variable two-stage least squares. For the trade variables, the findings indicate that oil/minerals have higher magnitude and a positive significance to support the effect on the FDI flow. In other words, China’s FDI flow in Africa is inclined towards the extractive sector. Furthermore, the institutional quality finding is negative and significant to justify the upsurge of Chinese investment in weak politically stable regions
This article examines the impact of institutional quality on bilateral trade flow between Malaysi... more This article examines the impact of institutional quality on bilateral trade flow between Malaysia and selected 25 African Organisation of Islamic Cooperation (OIC) member countries. Four institutional qualities were selected from World Governance Indicators with other trade predictors from the period from 1985 to 2016. Using gravity model of trade and Poisson pseudo-maximum likelihood estimation method (PPML) technique, the results confirm that government effectiveness, regulatory quality and political stability have an adverse effect on bilateral trade flow among the OIC countries in Africa. On the other hand, these institutional quality variables were considered as a strength for Malaysian economic growth. Therefore, better institutional quality reforms are needed among OIC member countries in Africa in order to accelerate trade, economic growth and development in their region.
China’s ascent influences the Western aid dynamic significantly and changes the landscape in aid-... more China’s ascent influences the Western aid dynamic significantly and changes the landscape in aid-donor and aid-recipient relationship for resource-endowed countries in Africa. Similarly, within China-Africa relations, Nigeria established diplomatic relations with China in 2006 for a concessional oil-for-infrastructure plan to fill the development aperture. However, Nigeria opted out as political uncertainty and elite interest in rent-seeking supersedes development and well-being motive. We conclude that two interrelated causal factors – accountability and transparency – overwhelmingly obstruct Nigeria from optimising China interest in infrastructure development. The study recommends the review of National Planning Commission (NPC) 2007 ODA policy document on technical assistance, grants, and concessional loans to identify new problems and challenges associated with formulation and implementation of donor-assisted programmes.<br>
SCIENCE FORUM (JOURNAL OF PURE AND APPLIED SCIENCES) 22 (2022) 147 – 162, 2022
Neoliberalism or the contemporary transition of the age-old globalization has transformed the fac... more Neoliberalism or the contemporary transition of the age-old globalization has transformed the face of textile production and trade in Kano, Nigeria. This article provides statistical analysis of the scenario of Factory C, weaving department production capacity (2000-2015).deindustrialization encouraged by the worsening performance indicators in production encouraged by the adverse effects of neoliberalism in two and a half decades (1990-2015). The study compares the effects of the phenomenon from 1990 to 1999 when neoliberalism was entrenched and from 2000 to 2015 when Kano experienced an increase in textile trade relationships with China encouraged by the free movement of goods and improved communications. Information on production performance indicators and trend in employment and capacity utilization in three sampled factories were analyzed. Descriptive statistics was used to provide a clear picture of the behavior of location parameters of the data. The research also employed trend analysis techniques by plotting the observed data of the workforce and production capacity against the years under review. The analyses showed that heavy damage was done to the industry by neoliberalism and increased China's exports. Moreover, the results indicated that production was at its peak in the 1990s in terms of labor strength and production capacity. A decline in production was observed over the years as the workforce and capacity reduced to an appalling number when China occupied the Kano production space. This was from 2000 when liberalism became endemic and the textile factories in Kano suffered its impact. The competitive position open to the foreign textile industry challenges the opportunities open to Kano textile industry by globalization. Our study can be used as a benchmark by the policy makers to formulate a policy that can create the development of a comprehensive and workable home grown strategy which will in the long run ensure mutual beneficial interaction and build the system for a genuine win-win position.
Journal of Economic, Social and Educational Issues, 2022
Like most bilateral relations, China-Nigeria relations dated back to 1971 when the diplomatic rel... more Like most bilateral relations, China-Nigeria relations dated back to 1971 when the diplomatic relationship in politics, trade, investment, aid, technical, scientific, cultural, education, health, and the military was established. However, with the magnitude and duration of their relations, most of the existing studies focus on China-Africa. Also, it is observed that due to limited empirical studies and data limitations, many of the views on China-Nigeria relations lack evidence. Instead, conjectures have become strong both in academia and among the media, thereby leading to misleading reports. On this premise, this study made a conscious effort to review several important studies on China-Nigeria relations from 1972 to 2015. Specifically, the study attempted to profile Nigeria and make a comparative view of the China-Nigeria economy to furnish the readers with the details of their economic relations. The materials used for the review are Newspapers, secondary data from World Bank Development Indicators and other relevant literature on China-Africa/China-Nigeria. From the review, it is observed that oil and minerals endowment in Nigeria strengthens its relationship with China more than construction and manufacturing. Therefore, this study concludes that the Nigerian government and other concerned stakeholders should on leverage China's interest to develop the nation and improve economic growth.
The purpose of this research is to assess the universal scientific trends and examine the pattern... more The purpose of this research is to assess the universal scientific trends and examine the patterns in the intellectual research published on trade liberalization over a period of 35 years (1980-2015). The data were collected from a leading indexing and abstracting database Thomson Reuters Web of Science. The Kruskal-Walis test, ANOVA and Pearson’s correlation were employed in analyzing the retrieved data. Based on the citation trend of first 100 highly cited published articles with the least number of authors are found to have received the highest number of citations. Our result shows that there is actual statistical significance (p˂ 0.001) between the total citations attracted by articles published by 1 author and those published by 3 and 4 authors. The word trade liberalization has become dominant and consistent in the field of the study. These research trend and interest could provide focus to researchers for future research.
The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants ... more The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South-South cooperation. In this study, the determinants of China's Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China-Africa engagement.
Proceedings of ASBBS Annual Conference: Las Vegas, 2009
Globalisation and Poverty are two key contemporary issues in economic development with the former... more Globalisation and Poverty are two key contemporary issues in economic development with the former assumed to be causing the latter in developing countries. Developing countries are characterised by international economic stagnation and generalised poverty within which they are caught, the current form of globalisation is actually tightening rather than loosening the international poverty trap. This paper addresses the linkage of globalisation and poverty in two developing countries of Bangladesh and Nigeria. The trend of poverty and the structures of their economies were compared from 1985 to 2006 using descriptive statistics survey to analyse the facts. The paper concludes that the pace of poverty alleviation requires policies that further integrate developing countries into the global economy that will enable the poor to take advantage of the new opportunities offered by globalisation. BACKGROUND Over the past decades, the economies of the nations of the world have become increasingly linked, through expanded international trade in services as well as primary and manufactured goods. It has also expanded through portfolio investments such as international loans, foreign aid, purchase of stock and increased foreign direct investment (FDI) especially through multinational corporations, who basically invest in hi-tech industries like telecommunications; oil and gas; capital intensive manufacturing industries; and banking industry in developing countries.
Nigeria witnessed its latest transition from military to civilian rule in 1999. The inception of ... more Nigeria witnessed its latest transition from military to civilian rule in 1999. The inception of this new democratic dispensation has opened a floodgate of religious and ethnic conflict among many others. Different religious, ethnic, sectional and particularly youth militia groups under different guises took the advantages of the relatively free and liberalised political environment to express their dissent to the nation’s polity thereby plunging the country into a state of insecurity through the perpetration of violence. This has largely arisen as a result of the poor quality of political and religious leadership as well as the manner in which Nigeria’s economy and socio-cultural landscape are negatively contrived in recent times. This paper examines the issue of conflicts as a source of national insecurity in Nigeria since 1999. In particular, the economic and social dimension of these conflict and their consequences are enumerated. The paper calls for good governance and exemplary leadership from both the political and religious leaders as possible ways through which the conflicts could be minimised to a tolerable level.
Contemporary happenings in Africa societies require that women's roles in the spheres of developm... more Contemporary happenings in Africa societies require that women's roles in the spheres of development should be studied along with those of men. Since Nigeria's attainment of independence in 1960, there has been positive diversification in the participation of women in both politics and economy depending on the challenges posed to them by the dynamics in the nation. The objective of this study is to highlight the gender concept in the development process of Ilorin by empirically studying the roles played by the Hausa woman in political and economic spheres. The study, using qualitative research methods that include oral interviews and consultation of secondary sources, also enumerates the Hausa woman's roles in politics and economy to explain complex gender and ethnic interactions in the Yoruba-speaking city.
Culture and Society in Nigeria. Popular Culture, Language and Intergroup Relations, 2008
Contemporary happenings in African societies require that women's roles in the spheres of develop... more Contemporary happenings in African societies require that women's roles in the spheres of development should be studied along with those of men. Since Nigeria`s attainment of independence in 1960, there has been a positive diversification in the participation of women in both politics and the economy, depending on the challenges posed to them by the dynamics in the society. The objective of this paper is to highlight the gender concept in the development process of Ilorin by empirically studying the roles played by the Hausa women in the political and economic spheres. The paper, using qualitative research methods that include oral interviews and consultation of secondary sources, also enumerates the Hausa woman`s roles in politics and the economy to explain complex gender and ethnic interactions in the Yoruba-speaking city. Not ignoring the age-long cultural constrains that overwhelmingly eclude their participation, the paper recommends some coping strategies for bringing the women in.
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Papers by Kafilah L O L A Gold
Development Indicator (WDI) database was used. The econometric techniques employed are the autoregressive distributed lag (ARDL) to examine long-run and short-run dynamics, while the dynamic ordinary least squares (DOLS) is used as a robustness to address potential endogeneity and serial correlation concerns. The findings indicate that trade openness positively affects long run economic growth, as supported by DOLS estimates. However, hydroelectric power production and FDI had mixed effects on Nigeria's economic performance. The study recommends prioritising investments in electricity infrastructure to enhance trade competitiveness and attract FDI. Moreover, diversifying exports beyond oil and minerals is crucial for strengthen
economic resilience and drive sustainable development in Nigeria.
country's development and have garnered attention from scholars and
policymakers over the years. This study looked at the relationship
between poverty, institutional quality, and economic growth in Nigeria
from 1996 to 2018, applying the techniques of Fully Modified OLS
(FMOLS) and Causality test. The two institutional quality variables that
were used are rule of law and corruption control. Consequently, the
study established that an increase in control of corruption (a corruption free environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people.
Development Indicator (WDI) database was used. The econometric techniques employed are the autoregressive distributed lag (ARDL) to examine long-run and short-run dynamics, while the dynamic ordinary least squares (DOLS) is used as a robustness to address potential endogeneity and serial correlation concerns. The findings indicate that trade openness positively affects long run economic growth, as supported by DOLS estimates. However, hydroelectric power production and FDI had mixed effects on Nigeria's economic performance. The study recommends prioritising investments in electricity infrastructure to enhance trade competitiveness and attract FDI. Moreover, diversifying exports beyond oil and minerals is crucial for strengthen
economic resilience and drive sustainable development in Nigeria.
country's development and have garnered attention from scholars and
policymakers over the years. This study looked at the relationship
between poverty, institutional quality, and economic growth in Nigeria
from 1996 to 2018, applying the techniques of Fully Modified OLS
(FMOLS) and Causality test. The two institutional quality variables that
were used are rule of law and corruption control. Consequently, the
study established that an increase in control of corruption (a corruption free environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people.