Monetary Policy and Inclusive Growth in Nigeria (Published)
The objective of the study is to determine the impact of monetary policy on inclusive growth. The study employed multivariate regression model to establish the effect. Data was collected on PCI as proxy for inclusive growth, and exchange rate, interest rate and money supply as monetary policy tools. The OLS technique revealed a significant variation between money supply and inclusive growth which implies that it will be in the best interest of the populace if monetary policy measures are employed to effect changes in the economy.
Transforming University Knowledge Production towards the Promotion of Inclusive Development in Nigeria (Published)
Nigeria has been seemingly inelastic to global changes in terms of joining the post-industrial revolution. Renaissance of knowledge in Africa was identified as a potent factor for economic growth by World Bank (IBRD). This factor could create opportunities to leap frogging in selected areas of economic growth and resolution of social problems in the region. Hence, this study examined transforming university knowledge production towards the promotion of inclusive development in Nigeria. This survey design study provided a baseline information for supporting university knowledge-driven inclusive economic growth and equitable income distribution in order to promote inclusive development in the nation. Secondary data from National Bureau of statistics and other data sources were obtained to answer three research questions raised in the study. Using the simple descriptive statistics, results obtained revealed low capacity in university knowledge production which yielded a low Gross Domestic Product (GDP) per capita and low knowledge Economy Index (KEI), but with high inclusive growth in Nigeria. The market-driven inclusive growth resulted in not having specific targets such as employment generation and income distribution. Therefore, it was recommended among others that government should create enhanced social and education environment. This will ensure sustained growth as well as equity/ fairness in income distribution towards the promotion of inclusive development.