This study assesses the level of awareness of coronavirus disease 2019 (COVID-19) pandemic and th... more This study assesses the level of awareness of coronavirus disease 2019 (COVID-19) pandemic and the extent of the government’s preparedness in Nigeria. It examines the impact of COVID-19 pandemic on the income level of households in Nigeria, the prices of goods and services as well as financial resilience of households. This is done with a view to providing appropriate interventions for vulnerable households. The study employs survey methodology conducted in April 2020. The random survey sample was obtained through the use of questionnaires administered online. The population of this study is made up of all the households who are resident in Nigeria and must have stayed within the country at least since the past six months; this is to ensure that the members of the population stayed in Nigeria at least three months before the outbreak of the pandemic and periods during the pandemic. The survey results showed that income declined significantly for almost half of household participants. Although 41.7% of household participants have income for precautionary motive which is set aside in the advent of emergency, a significant majority indicated that such emergency funds decreased significantly during the lockdown. Majority of the respondents affirm that the crisis will likely have an adverse effect of the coronavirus pandemic on their financial and economic well-being.
Purpose Although microfinancing is considered a key tool for fostering women's entrepreneursh... more Purpose Although microfinancing is considered a key tool for fostering women's entrepreneurship development, there is growing concern regarding the impact of loan repayment strategies on the mental health of women entrepreneurs. This study seeks to unravel the implications of microfinance loans on the mental well-being of women entrepreneurs.Design/methodology/approach A carefully structured questionnaire was distributed to a purposive sample of one hundred women entrepreneurs in Lagos State using a mixed-method research approach. Also, interviews were conducted using an interview guide, which directly mirrored the questionnaire administered to five focus groups within Lagos State.Findings The study found that loan repayment and recovery strategies positively and significantly impact women entrepreneurs' mental well-being, with psychological distress serving as a measure for measuring mental well-being. Additionally, other factors such as the number of dependants and househo...
PurposeThis study aims to examine the social inclusiveness of slum dwellers by focusing on three ... more PurposeThis study aims to examine the social inclusiveness of slum dwellers by focusing on three key institutions which are social relations, government and the labour market. The literature emphasises the activities of these three institutions as indicators of social inclusion. Also, they accurately describe the social interactions of slum inhabitants at different levels.Design/methodology/approachThree large slums (Makoko, Ilaje and Iwaya) in Lagos State were purposively selected for this study. Using a multi-stage sampling technique, there was the first level of cluster sampling across the communities and second-level random sampling of household heads in the clusters. In all, 400 respondents were sampled but 388 valid responses were used for the analysis.FindingsThe study found minimal levels of inclusion in many of the indicators. However, Makoko had a higher degree of inclusion with respect to social relations and political participation compared to the other locations. Due to...
In this paper, the authors examined the role of financing in structural transformation in Nigeria... more In this paper, the authors examined the role of financing in structural transformation in Nigeria. The key sectors that are investigated in the transformation are the agricultural and industrial sectors. Previous studies on the Nigerian economy scarcely examined both sectors comparatively, a gap which this present study sought to fill. The Autoregressive Distributed Lag (ARDL) analysis was carried out. The result shows a long run relationship between financing and agricultural output as well as between financing and industrial output. However, at a glance, bank financing is more concentrated on the industrial sector than the agricultural sector. There have been increased output in the industrial sector due to increase in money supply while the Agricultural Credit Guarantee Scheme has promoted increase in the agricultural sector's output. Although policies should be geared towards enabling development of the industrial sector, it is also vital to consciously drive the agricultura...
This study investigated the impact of COVID-19 pandemic on the health, food security and financia... more This study investigated the impact of COVID-19 pandemic on the health, food security and financial lives of Nigerian households. The data for the study were collected using a questionnaire for 813 households from the six geo-political zones in Nigeria and the results were analysed using descriptive statistics and ordinal logistic regression model. The findings showed that the COVID-19 pandemic has affected households’ personal savings significantly. Majority of the households’ healthcare financing is borne out of their personal income and savings in the absence of a health insurance scheme. Households experiencing worse financial status largely do not have food during the pandemic. Many households have a positive expectation that they will recover from the unfavourable financial condition they are currently experiencing and there is a strong traditional support system existing in the localities during the study period. Food insecurity during the pandemic was significantly occasioned by increases in prices, fall in income and adverse financial well-being. The study thus suggested, among others, the need to urgently enhance the economic and financial well-being of the Nigerian populace to guide against the worsening and devastating impact of the COVID-19 pandemic on food security in Nigerian households.<br>
Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is ... more Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is relevant because slums are becoming a present-day reality for urban cities and it is now paramount to understand the dynamics of deprivations suffered under various dimensions in the slums. Design/methodology/approach A multi-stage sampling technique is used to sample 400 respondents from five slums (Makoko, Iwaya, Ilaje, IjoraBadia and Amukoko) in Lagos State and information have gotten using a structured questionnaire. The fuzzy set approach to measuring multi-dimensional poverty index (MPI) is used in estimating the MPI for the slums. Findings The findings from the study show that although all the slums have varying MPI; however, the average MPI for the slums is 0.49. Further findings show that majority of the households are largely deprived in the education dimension, proceeded by the living standards dimension and finally, health dimension. Research limitations/implications The curr...
Human capital flight from developing countries to developed nations has been rising and giving co... more Human capital flight from developing countries to developed nations has been rising and giving concerns to governments and scholars alike. This paper aims to explore the impact migration from Nigeria has on economic output growth by focusing on the migration rate, remittances, population growth and secondary school enrolment. This has not received adequate attention in the literature, as many papers have primarily focused on the impact of remittances on economic growth.,Leveraging on the macro-level approach to migration, remittances and the economy, this research considers the nexus among the human capital flight and output growth variables by using the autoregressive distributed lag (ARDL) method of analysis for time series data between 1986 and 2018.,The net migration rate from Nigeria was found from the empirical analysis to be more disadvantageous for the economy, given its negative relationship with economic growth despite the large volume of foreign incomes (remittances). It ...
Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is ... more Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is relevant because slums are becoming a present-day reality for urban cities and it is now paramount to understand the dynamics of deprivations suffered under various dimensions in the slums. Design/methodology/approach A multi-stage sampling technique is used to sample 400 respondents from five slums (Makoko, Iwaya, Ilaje, IjoraBadia and Amukoko) in Lagos State and information have gotten using a structured questionnaire. The fuzzy set approach to measuring multi-dimensional poverty index (MPI) is used in estimating the MPI for the slums. Findings The findings from the study show that although all the slums have varying MPI; however, the average MPI for the slums is 0.49. Further findings show that majority of the households are largely deprived in the education dimension, proceeded by the living standards dimension and finally, health dimension. Research limitations/implications The curr...
Human capital flight from Nigeria to developed countries has remained a topical issue. This paper... more Human capital flight from Nigeria to developed countries has remained a topical issue. This paper aims to empirically analyze the push factors for the migrants who explore the various legal migrant schemes from a macro perspective. The authors examine human capital development and its role in contributing to human capital flight to more developed counties.,This paper is anchored on the push–pull model. Using secondary data from 1990 to 2019, the authors look at the relationship between human capital flight and variables such as life expectancy, infant mortality rate, population growth rate and Nigeria’s unemployment rate. The auto-regressive lag model (ARDL) was adopted to estimate the empirical relationship among these variables.,The results from the ARDL model suggest a positive relationship exists between population growth rate and migration rate. A negative relationship was, however, observed between life expectancy and migration rate. This study also found that an increase in t...
Purpose Population growth has remained a key issue facing developing economies in the world. Whil... more Purpose Population growth has remained a key issue facing developing economies in the world. While developed countries are experiencing diminished or negative population growth, many countries in sub-Saharan Africa including Nigeria are having population growth above the economic growth rate. With the deadline for the sustainable development goals approaching, attention is increasingly being focused on population growth and human capital development. Extant literature focused on population growth, human resource utilization and economic growth but this study aims to examine the effect of population growth on human resource utilization. Design/methodology/approach Using secondary data for the period 1990-2018, the study conducted unit root test and co-integration analyses to determine the stationarity and correlation in the long-run in the variables. The study used the error correction model to ascertain the speed at which shocks can be corrected in the long-run. Granger causality te...
In this paper, the authors examined the role of financing in structural transformation in Nigeria... more In this paper, the authors examined the role of financing in structural transformation in Nigeria. The key sectors that are investigated in the transformation are the agricultural and industrial sectors. Previous studies on the Nigerian economy scarcely examined both sectors comparatively, a gap which this present study sought to fill. The Autoregressive Distributed Lag (ARDL) analysis was carried out. The result shows a long run relationship between financing and agricultural output as well as between financing and industrial output. However, at a glance, bank financing is more concentrated on the industrial sector than the agricultural sector. There have been increased output in the industrial sector due to increase in money supply while the Agricultural Credit guarantee Scheme has promoted increase in the agricultural sector’s output. Although policies should be geared towards enabling development of the industrial sector, it is also vital to consciously drive the agricultural sector in order to increase its output production. The agricultural sector, if well-funded, has the capacity to bloom and form a strong linkage with the industrial sector. It is essential that future studies on the Nigerian economy include the service sector in the structural transformation analysis.
This study assesses the level of awareness of coronavirus disease 2019 (COVID-19) pandemic and th... more This study assesses the level of awareness of coronavirus disease 2019 (COVID-19) pandemic and the extent of the government’s preparedness in Nigeria. It examines the impact of COVID-19 pandemic on the income level of households in Nigeria, the prices of goods and services as well as financial resilience of households. This is done with a view to providing appropriate interventions for vulnerable households. The study employs survey methodology conducted in April 2020. The random survey sample was obtained through the use of questionnaires administered online. The population of this study is made up of all the households who are resident in Nigeria and must have stayed within the country at least since the past six months; this is to ensure that the members of the population stayed in Nigeria at least three months before the outbreak of the pandemic and periods during the pandemic. The survey results showed that income declined significantly for almost half of household participants. Although 41.7% of household participants have income for precautionary motive which is set aside in the advent of emergency, a significant majority indicated that such emergency funds decreased significantly during the lockdown. Majority of the respondents affirm that the crisis will likely have an adverse effect of the coronavirus pandemic on their financial and economic well-being.
Purpose Although microfinancing is considered a key tool for fostering women's entrepreneursh... more Purpose Although microfinancing is considered a key tool for fostering women's entrepreneurship development, there is growing concern regarding the impact of loan repayment strategies on the mental health of women entrepreneurs. This study seeks to unravel the implications of microfinance loans on the mental well-being of women entrepreneurs.Design/methodology/approach A carefully structured questionnaire was distributed to a purposive sample of one hundred women entrepreneurs in Lagos State using a mixed-method research approach. Also, interviews were conducted using an interview guide, which directly mirrored the questionnaire administered to five focus groups within Lagos State.Findings The study found that loan repayment and recovery strategies positively and significantly impact women entrepreneurs' mental well-being, with psychological distress serving as a measure for measuring mental well-being. Additionally, other factors such as the number of dependants and househo...
PurposeThis study aims to examine the social inclusiveness of slum dwellers by focusing on three ... more PurposeThis study aims to examine the social inclusiveness of slum dwellers by focusing on three key institutions which are social relations, government and the labour market. The literature emphasises the activities of these three institutions as indicators of social inclusion. Also, they accurately describe the social interactions of slum inhabitants at different levels.Design/methodology/approachThree large slums (Makoko, Ilaje and Iwaya) in Lagos State were purposively selected for this study. Using a multi-stage sampling technique, there was the first level of cluster sampling across the communities and second-level random sampling of household heads in the clusters. In all, 400 respondents were sampled but 388 valid responses were used for the analysis.FindingsThe study found minimal levels of inclusion in many of the indicators. However, Makoko had a higher degree of inclusion with respect to social relations and political participation compared to the other locations. Due to...
In this paper, the authors examined the role of financing in structural transformation in Nigeria... more In this paper, the authors examined the role of financing in structural transformation in Nigeria. The key sectors that are investigated in the transformation are the agricultural and industrial sectors. Previous studies on the Nigerian economy scarcely examined both sectors comparatively, a gap which this present study sought to fill. The Autoregressive Distributed Lag (ARDL) analysis was carried out. The result shows a long run relationship between financing and agricultural output as well as between financing and industrial output. However, at a glance, bank financing is more concentrated on the industrial sector than the agricultural sector. There have been increased output in the industrial sector due to increase in money supply while the Agricultural Credit Guarantee Scheme has promoted increase in the agricultural sector's output. Although policies should be geared towards enabling development of the industrial sector, it is also vital to consciously drive the agricultura...
This study investigated the impact of COVID-19 pandemic on the health, food security and financia... more This study investigated the impact of COVID-19 pandemic on the health, food security and financial lives of Nigerian households. The data for the study were collected using a questionnaire for 813 households from the six geo-political zones in Nigeria and the results were analysed using descriptive statistics and ordinal logistic regression model. The findings showed that the COVID-19 pandemic has affected households’ personal savings significantly. Majority of the households’ healthcare financing is borne out of their personal income and savings in the absence of a health insurance scheme. Households experiencing worse financial status largely do not have food during the pandemic. Many households have a positive expectation that they will recover from the unfavourable financial condition they are currently experiencing and there is a strong traditional support system existing in the localities during the study period. Food insecurity during the pandemic was significantly occasioned by increases in prices, fall in income and adverse financial well-being. The study thus suggested, among others, the need to urgently enhance the economic and financial well-being of the Nigerian populace to guide against the worsening and devastating impact of the COVID-19 pandemic on food security in Nigerian households.<br>
Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is ... more Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is relevant because slums are becoming a present-day reality for urban cities and it is now paramount to understand the dynamics of deprivations suffered under various dimensions in the slums. Design/methodology/approach A multi-stage sampling technique is used to sample 400 respondents from five slums (Makoko, Iwaya, Ilaje, IjoraBadia and Amukoko) in Lagos State and information have gotten using a structured questionnaire. The fuzzy set approach to measuring multi-dimensional poverty index (MPI) is used in estimating the MPI for the slums. Findings The findings from the study show that although all the slums have varying MPI; however, the average MPI for the slums is 0.49. Further findings show that majority of the households are largely deprived in the education dimension, proceeded by the living standards dimension and finally, health dimension. Research limitations/implications The curr...
Human capital flight from developing countries to developed nations has been rising and giving co... more Human capital flight from developing countries to developed nations has been rising and giving concerns to governments and scholars alike. This paper aims to explore the impact migration from Nigeria has on economic output growth by focusing on the migration rate, remittances, population growth and secondary school enrolment. This has not received adequate attention in the literature, as many papers have primarily focused on the impact of remittances on economic growth.,Leveraging on the macro-level approach to migration, remittances and the economy, this research considers the nexus among the human capital flight and output growth variables by using the autoregressive distributed lag (ARDL) method of analysis for time series data between 1986 and 2018.,The net migration rate from Nigeria was found from the empirical analysis to be more disadvantageous for the economy, given its negative relationship with economic growth despite the large volume of foreign incomes (remittances). It ...
Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is ... more Purpose This paper aims to measure multi-dimensional poverty in Lagos State slums. This study is relevant because slums are becoming a present-day reality for urban cities and it is now paramount to understand the dynamics of deprivations suffered under various dimensions in the slums. Design/methodology/approach A multi-stage sampling technique is used to sample 400 respondents from five slums (Makoko, Iwaya, Ilaje, IjoraBadia and Amukoko) in Lagos State and information have gotten using a structured questionnaire. The fuzzy set approach to measuring multi-dimensional poverty index (MPI) is used in estimating the MPI for the slums. Findings The findings from the study show that although all the slums have varying MPI; however, the average MPI for the slums is 0.49. Further findings show that majority of the households are largely deprived in the education dimension, proceeded by the living standards dimension and finally, health dimension. Research limitations/implications The curr...
Human capital flight from Nigeria to developed countries has remained a topical issue. This paper... more Human capital flight from Nigeria to developed countries has remained a topical issue. This paper aims to empirically analyze the push factors for the migrants who explore the various legal migrant schemes from a macro perspective. The authors examine human capital development and its role in contributing to human capital flight to more developed counties.,This paper is anchored on the push–pull model. Using secondary data from 1990 to 2019, the authors look at the relationship between human capital flight and variables such as life expectancy, infant mortality rate, population growth rate and Nigeria’s unemployment rate. The auto-regressive lag model (ARDL) was adopted to estimate the empirical relationship among these variables.,The results from the ARDL model suggest a positive relationship exists between population growth rate and migration rate. A negative relationship was, however, observed between life expectancy and migration rate. This study also found that an increase in t...
Purpose Population growth has remained a key issue facing developing economies in the world. Whil... more Purpose Population growth has remained a key issue facing developing economies in the world. While developed countries are experiencing diminished or negative population growth, many countries in sub-Saharan Africa including Nigeria are having population growth above the economic growth rate. With the deadline for the sustainable development goals approaching, attention is increasingly being focused on population growth and human capital development. Extant literature focused on population growth, human resource utilization and economic growth but this study aims to examine the effect of population growth on human resource utilization. Design/methodology/approach Using secondary data for the period 1990-2018, the study conducted unit root test and co-integration analyses to determine the stationarity and correlation in the long-run in the variables. The study used the error correction model to ascertain the speed at which shocks can be corrected in the long-run. Granger causality te...
In this paper, the authors examined the role of financing in structural transformation in Nigeria... more In this paper, the authors examined the role of financing in structural transformation in Nigeria. The key sectors that are investigated in the transformation are the agricultural and industrial sectors. Previous studies on the Nigerian economy scarcely examined both sectors comparatively, a gap which this present study sought to fill. The Autoregressive Distributed Lag (ARDL) analysis was carried out. The result shows a long run relationship between financing and agricultural output as well as between financing and industrial output. However, at a glance, bank financing is more concentrated on the industrial sector than the agricultural sector. There have been increased output in the industrial sector due to increase in money supply while the Agricultural Credit guarantee Scheme has promoted increase in the agricultural sector’s output. Although policies should be geared towards enabling development of the industrial sector, it is also vital to consciously drive the agricultural sector in order to increase its output production. The agricultural sector, if well-funded, has the capacity to bloom and form a strong linkage with the industrial sector. It is essential that future studies on the Nigerian economy include the service sector in the structural transformation analysis.
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