Effect of Mining Generated Revenue on the Economic Development of the Niger Delta Region of Nigeria (Published)
The Niger Delta Region in Nigeria’s economy has been a focus of mining companies in recent years, and this has caused economic instability, thus this research looks into the relationship between earnings from mining and Niger Delta’s overall growth. The study focused on which factors influence the profits of Mining businesses in Nigeria, and especially looked at how the values of crude petroleum and gas, solid mineral, manufacturing, and agriculture are influencing profit. The research drew information from annual reports and other documents produced by oil companies. According to the findings, the value of crude petroleum and gas (VCPG) has a role in determining the personal income of mining businesses in Nigeria. Per capita income will rise during the duration of the research because of VCPG’s positive effect on the two mining businesses. There’s a correlation between the value of mineral minerals and mining businesses’ per capita income in Nigeria. It follows that VSM has increased the size of the per capita revenue of the companies substantially. The worth of the building has a considerable influence on the income of mining organizations in Nigeria. In addition, we have evidence that the Value of Manufacturing decreases the price of a company’s ordinary share throughout the study. The relationship between the value of agriculture and mining business per capita income in Nigeria is negligible. Based on the findings, the researcher recommends that the government develop consistent policy guidance, which will create an enabling environment for the private sector to invest more in mining and help the country with new jobs and greater wealth, among other things.
Citation: Chikezie-Aga C. D., Ogboani H.O., & Inyiama O.I. (2022) Effect of Mining Generated Revenue on the Economic Development of the Niger Delta Region of Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 12, pp.76-90
Keywords: Per Capita Income, Revenue from Mining, crude petroleum and gas, economic growth, the value of agriculture, the value of manufacturing
Impact of Insecurity on Nigerian Economic Growth and Development (Published)
This paper examines insecurity challenges and implications on business activities, economic growth and economic development of Nigeria. The study was designed as ex-post factor research, with time series data sourced from official and government publications; spanning from 2009 to 2022. The variables used for the study were sourced after adequate considerations of extant literature and objectives of the study. In meeting with the objectives of the study, we logically break-up the data into pre-high insecurity period (2009- 2015) and high insecurity period (2016- 2022). Four hypotheses were formulated and tested using t-test, f-test; and Cho-test was used to test the variance between the two time periods under study. The study found that insecurity hampers Business Activities (BA) but does not have significant influence on Economic Growth (EG) and Economic Development (ED) of Nigeria; and concluded that national insecurity must be of high consideration as business activities blossom in a secure environment, which ultimately ensures sustainable economic growth and development. We therefore recommend a synthesis of composite security management approach model and two-way approach model in addressing the ills of insecurity in ensuring Nigeria economic sustainability.
Citation: Agogbua, Stanley Ndubisi; Mgbatogu, Chukwudi D. and Nzewi, Ugochukwu C. (2022) Impact of Insecurity on Nigerian Economic Growth and Development, International Journal of Development and Economic Sustainability, Vol.10, No.5, pp.1-13
Keywords: Economic Development, Foreign Direct Investment, Gross Domestic Product, Insecurity, Per Capita Income, business activities, economic growth
Testing the Environmental Kuznet curve in selected West African countries: Empirical Evidence Estimation (Published)
Environmental economics studied has become increasingly most popular in local and international communities. This is due to the fact that we are currently facing pressing issues about climate change effects in our planet. In this paper we empirical testing the environmental kuznet curve hypothesis by analysis the relationship between environmental quality (Proxy carbon (VI) oxide (CO2) emission per capita) and per capita income. The panel estimation such as fixed effect and random effect were applied. From the results, the fixed effect model for CO2 revealed that population density, per capita income, per capita income squared, trade openness, exchange rate(real effective exchange rate proxy), and agriculture were statistically significant. The negative coefficient indicated in the following variables-agriculture, exchange rate, and trade openness. Any percentage increases in those variables, reduces the Environmental quality (proxy CO2) in selected West African countries. The results further indicated that trade openness lead to an increases in environmental pollution by improving key economic activities such as mining, which may reduce CO2 per capita emission in the selected West Africa countries. For the population density has positive and significant effects on environmental quality and has the a-priori expectation in our model.
Keywords: CO2 Emission, Growth Rate, Per Capita Income, environmental quality, panel estimation
Economic Implications of Environmental Degradation in Nigeria: Is the Environmental Kuznets Curve Relevant to Nigeria (Published)
Challenges of environmental degradation have been an impediment to the level of economic progress in Nigeria. The major objective of the paper is to establish the economic consequence of environmental degradation drawing from the Environmental Kuznets Curve (EKC) framework. The research covered the period between 1986 and 2017. The Ordinary Least Squares and Granger Causality were used to analyze the data. The result indicates that per capita income has a positive and insignificant relationship with carbon emission. An indication of the absence of the EKC. The square of the per capita income has a positive and insignificant relationship with carbon emission. A further confirmation of the absence of the EKC in Nigeria. Population has a significant and positive impact on the level of carbon emission. Openness and FDI have positive and significant impact on carbon emission. The result of the granger causality test indicates no causal relationship between carbon emission and per capita income. Increase in per capita income that is not followed by a rise in inflation rate as well as strong regulatory measures are recommended.
Keywords: EKC, FDI, Per Capita Income, Population, carbon emission, trade openness Ordinary Least Squares