Purpose: The Nigerian national currency (the Naira) has suffered series of exchange rate fluctuat... more Purpose: The Nigerian national currency (the Naira) has suffered series of exchange rate fluctuation on numerous occasions in the last two years. As a result, the value of the currency has changed significantly and rapidly many times, impacting on both visible and invisible trade. It is common today to hear importers, exporters and even consumers complaining about the adverse consequences of these trends which manifested in form of general rise in prices of goods and services. Studies have shown that many Nigerian foreign traders, particularly those in the small and medium sector, either lack the basic knowledge on how to manage foreign exchange risk or are skeptical about its efficacy. This is surprising considering how costly, in terms of cash flow and profitability, unfavorable changes in the value of the Naira can be. In response to this gap, this paper utilized secondary data on Naira/Dollar exchange rate spanning over 18 months period (January 2015 to June 2016), to provide ...
Biosorption is the ability of biological materials to accumulate heavy metals from wastewater thr... more Biosorption is the ability of biological materials to accumulate heavy metals from wastewater through mediated or physico-chemical pathways of uptake. Urease producing bacteria have been hypothesized to have inherent bioremediation abilities. The aim of this research was to determine the potential of <em>Lysinibacillus fusiformis</em> 5B to biosorp Pb, Cr, Cd and Ni. The stock solution of Pb, Cr, Cd and Ni was prepared by dissolving 0.0157 g of Pb(C<sub>2</sub>H<sub>3</sub>O<sub>2</sub>)<sub>2</sub>, 0.057 g of K<sub>2</sub>Cr<sub>2</sub>O<sub>7</sub>, 0.018 g of CdSO<sub>4</sub> and 0.026 g of NiSO<sub>4</sub> in 100 mL of dH<sub>2</sub>O respectively. <em>Lysinibacillus fusiformis</em> 5B was screened for the potential to utilise 5 ppm of the heavy metals using agar dilution method. Broth of <em>L. fusiformis</em> 5B was inocul...
This study examines the effect of Monetary and Fiscal Policies on the Naira exchange rate between... more This study examines the effect of Monetary and Fiscal Policies on the Naira exchange rate between 1990 and 2009. This is because in recent times, there have been series of debate on the appropriate exchange rate for the Naira and the parameters for determining its exchange rate. What is more, the exchange rate has been declining steadily and the impact of the depreciation ranges from high cost of input into manufacturing process that results in high prices of finished goods. For the purpose of empirical analysis. Naira exchange rate was selected as the dependent variable while the Money Supply (MS), Foreign Exchange Rate (FOREX), Government Expenditure (Govt Exp), Gross Domestic Product (GDP) and Inflation Rate (INFC) were identified as the independent variables. The multiple regression analysis showed that each of the independent variables impacted either positively (+) or negative (-) when measured against the exchange rate and there was a high correlation co-efficient of 0.80 between the dependent and the identified independent variables. In view of the findings, it was recommended that government should proffer an enabling environment/or a good policy mix of instruments and the method of changing policies before the result of the first ones are realized should be discouraged.
The purpose of this study was to investigate the effects of fiscal policy on private investment a... more The purpose of this study was to investigate the effects of fiscal policy on private investment and economic growth in Nigeria, the study uses a time series data from 1973 to 2012, the choice of the study period was informed by availability of data and the magnitude of the problem on the study period. We adopted two stage instrumental variable estimation methods to perform our regression analysis because of its adaptability. The results indicate that fiscal policy impacts on investment and investment plays a major role in the determination of the economic growth in Nigeria. It is from this findings that we recommend that the following three measures can be adopted accordingly;- re-examination of government spending to eventually make it complementary to investment, channeling more credit to the private sector, and finally designing appropriate policies that deal with the current high domestic public debt and budget deficit.
Purpose: The Nigerian national currency (the Naira) has suffered series of exchange rate fluctuat... more Purpose: The Nigerian national currency (the Naira) has suffered series of exchange rate fluctuation on numerous occasions in the last two years. As a result, the value of the currency has changed significantly and rapidly many times, impacting on both visible and invisible trade. It is common today to hear importers, exporters and even consumers complaining about the adverse consequences of these trends which manifested in form of general rise in prices of goods and services. Studies have shown that many Nigerian foreign traders, particularly those in the small and medium sector, either lack the basic knowledge on how to manage foreign exchange risk or are skeptical about its efficacy. This is surprising considering how costly, in terms of cash flow and profitability, unfavorable changes in the value of the Naira can be. In response to this gap, this paper utilized secondary data on Naira/Dollar exchange rate spanning over 18 months period (January 2015 to June 2016), to provide ...
Biosorption is the ability of biological materials to accumulate heavy metals from wastewater thr... more Biosorption is the ability of biological materials to accumulate heavy metals from wastewater through mediated or physico-chemical pathways of uptake. Urease producing bacteria have been hypothesized to have inherent bioremediation abilities. The aim of this research was to determine the potential of <em>Lysinibacillus fusiformis</em> 5B to biosorp Pb, Cr, Cd and Ni. The stock solution of Pb, Cr, Cd and Ni was prepared by dissolving 0.0157 g of Pb(C<sub>2</sub>H<sub>3</sub>O<sub>2</sub>)<sub>2</sub>, 0.057 g of K<sub>2</sub>Cr<sub>2</sub>O<sub>7</sub>, 0.018 g of CdSO<sub>4</sub> and 0.026 g of NiSO<sub>4</sub> in 100 mL of dH<sub>2</sub>O respectively. <em>Lysinibacillus fusiformis</em> 5B was screened for the potential to utilise 5 ppm of the heavy metals using agar dilution method. Broth of <em>L. fusiformis</em> 5B was inocul...
This study examines the effect of Monetary and Fiscal Policies on the Naira exchange rate between... more This study examines the effect of Monetary and Fiscal Policies on the Naira exchange rate between 1990 and 2009. This is because in recent times, there have been series of debate on the appropriate exchange rate for the Naira and the parameters for determining its exchange rate. What is more, the exchange rate has been declining steadily and the impact of the depreciation ranges from high cost of input into manufacturing process that results in high prices of finished goods. For the purpose of empirical analysis. Naira exchange rate was selected as the dependent variable while the Money Supply (MS), Foreign Exchange Rate (FOREX), Government Expenditure (Govt Exp), Gross Domestic Product (GDP) and Inflation Rate (INFC) were identified as the independent variables. The multiple regression analysis showed that each of the independent variables impacted either positively (+) or negative (-) when measured against the exchange rate and there was a high correlation co-efficient of 0.80 between the dependent and the identified independent variables. In view of the findings, it was recommended that government should proffer an enabling environment/or a good policy mix of instruments and the method of changing policies before the result of the first ones are realized should be discouraged.
The purpose of this study was to investigate the effects of fiscal policy on private investment a... more The purpose of this study was to investigate the effects of fiscal policy on private investment and economic growth in Nigeria, the study uses a time series data from 1973 to 2012, the choice of the study period was informed by availability of data and the magnitude of the problem on the study period. We adopted two stage instrumental variable estimation methods to perform our regression analysis because of its adaptability. The results indicate that fiscal policy impacts on investment and investment plays a major role in the determination of the economic growth in Nigeria. It is from this findings that we recommend that the following three measures can be adopted accordingly;- re-examination of government spending to eventually make it complementary to investment, channeling more credit to the private sector, and finally designing appropriate policies that deal with the current high domestic public debt and budget deficit.
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Papers by Musa D A D D Y jibrin