Tag Archives: Industrial Sector

Challenges of Climate Change and Industrial Sector Experience: A Review of Evidence from Nigeria (Published)

The world climate pattern has continued to generate serious concern in the recent times especially with the increasing effect of human activities on the global environment. Nigeria, as an integral part of the world also had its own share of the evolving challenges of the climate change phenomenon (such as flood, rising sea level and extreme weather events, drought and excess rainfall, temperature rise and precipitation among others)especially its effect on sensitive agricultural resources and production.Therefore,with relative few studies and dearth of information on climate change activities towards industrial sector especially in Nigeria, the study  decided to explore the literature and review various challenges of climate change vis-à-vis the experience of Nigeria’s industrial sector.  Based on the reviewed studies, the industrial activities had negative experience with  challenges of climate change in Nigeria, with many of the climate-sensitive productive materials and critical infrastructure such as agriculture and coastal resources, pipelines, road networks and power plants among others,(that were agents of industrial production) negatively affected. Hence, this reduces the total output of the sector. However, a comprehensive adaptation process of mitigating the negative effect of climate change on Nigeria’s industrial sector is sacrosanct.

Keywords: Adaptation Measures, Climate Change, Green House gasses, Industrial Sector, Nigeria

ECONOMIC LIBERALIZATION AND INDUSTRIAL SECTOR PERFORMANCE IN NIGERIA- A MARGINAL IMPACT ANALYSIS (Published)

Given the impact government policies can have on economic variables and activities, it is imperative for policy makers to know how such policy action determine the macroeconomic performance. Applying the marginal impact estimation technique with standard errors corrected for serial correlation on the dummy variable structural break model, this paper found that economic liberalization has a significant impact on performance of the Nigerian manufacturing, mining and quarrying, and power subsectors, respectively and the aggregate industrial sector. The interaction of the policy with trade openness and financial deepening dampened the performance of the manufacturing subsector while its interaction with labour force is growth enhancing. Also the interaction of the policy with energy consumption was negative but financial deepening and energy consumption has dampening effect on the performance of the mining and quarrying subsector. While it has enhancing impact on the aggregate industrial sector and was not significant on mining and quarrying and power subsectors, economic liberalization decreased the performance of the manufacturing subsector. Beside, financial deepening has mix impact on the performance of the industrial sector. While it has increasing impact on the aggregate industrial sector it impact on manufacturing performance is negative.

Keywords: Domestic production, Economic Liberalization, Energy consumption, Financial deepening, Industrial Sector

The Governance Capability to Support Accounting & Financial Disclosure in the financial Statements (Case Study – Industrial Sector) (Review Completed - Accepted)

In the last years we can see increased in attention of disclosure & transparency, because it have an important role to providing the necessary information that will help to improve & understand the financial instrument and improve the joint-stock companies performance in order to provide specific information to be used .then the companies can take the appropriate accounting policies and the best way to risk management, because all the investors need to achieve those goal and maximization wealth in legitimate ways. This study reached to the existence of the basis of an arbitrator & effective governance rules through fit the requirements of the rules of governance with the amount of disclosed in the joint-stock companies under study, that provide a regulatory framework that will help to give an effectively controls all aspects of governance and corporate performance and provide clear legislation sets out the responsibilities to ensure that the interests of public in joint-stock companies.The study proved the existence of an effective working mechanism between stakeholders and the Board of Directors to provide continuity of the company and provide an opportunity for stakeholders to get proper compensation when their rights are violated

Keywords: Disclosure, Financial Statement, Governance, Industrial Sector, Joint-stock Companies, Transparency