Papers by Jacob S Angahar
European journal of economics (EJE), Jun 20, 2022
This study looked at the implication of non-oil revenue on Nigeria's macroeconomic performance fr... more This study looked at the implication of non-oil revenue on Nigeria's macroeconomic performance from 1990 to 2020.The study employed secondary time-series data The estimation techniques include Ordinary Least Square (OLS) method, while standard error tests (SE), analysis of variance (ANOVA) are used to examine hypotheses. Results indicated that agricultural trade value, services export, Real interest rate, and credit to agriculture had a positive impact on non-oil revenue while employment in agriculture indicated otherwise. The study recommends that the government should ensure resources are channeled to agricultural-based exports Hence drive foreign exchange earnings through agriculture outputs, hence making the sector more viable and the financial sector should formulate more realistic agricultural driving policies that will enable more availability of credit to the agricultural sector for expansion.
Finance & Economics Review
Purpose: The purpose of this study is to investigate Internally Generated Revenue (IGR) and the E... more Purpose: The purpose of this study is to investigate Internally Generated Revenue (IGR) and the Economic Viability of States in Nigeria using State Government Debt Stock. Specifically, the study seeks to determine the effect of IGR on State government expenditure. Methods: Secondary data were used for this study. It used an annual panel data set spanning from 1986 to 2021 for six states each from Nigeria's six geopolitical zones. A Panel Vector Error Correction Model (PVECM) was used as the method of analysis. Results: Results showed that the IGR of States in Nigeria had a positive effect on State government expenditure. The Impulse Response Function of expenditure to shocks from IGR indicates that IGR for the periods under analysis positively affected State government expenditure, increasing their expenditure profile for the majority of the period under analysis. The result of the variance decomposition test of State government total debt stock (TDS) shows that IGR had the grea...
This study evaluates agricultural financing and economic growth in Nigeria using threshold autore... more This study evaluates agricultural financing and economic growth in Nigeria using threshold autoregressive (TAR) model. Examining the efficacy of agricultural financing on economic growth in Nigeria is the objective of the study. This evaluation covered but short and long run analyses. Diagnostic tests are adopted using Augmented Dickey Fuller Unit Root Test, Co-integration, and Error Correction Model. Threshold Autoregressive model (TAR) was utilized to test agricultural finance sustainability in Nigeria from 1990-2017. Findings showed that Nigeria has not reach a healthy threshold as revealed in all the regimes of GDP, the study concludes that Nigeria’s agricultural financing is not healthy enough to yield greater benefits for the battled economy. This is because it has not achieved healthy threshold of significant positive impact in agriculture. The paper recommends among others that, there is great need to improve significantly government budget allocation to agriculture. Policy ...
Nigeria Journal of Management Sciences (NJMS), Benue State University, 2016
This research investigates the implication of public expenditure in education on economic growth ... more This research investigates the implication of public expenditure in education on economic growth in Nigeria over a period from 1990 to 2014, with emphasis on total educational expenditure analysis. One of the most important tool economic growth and development is public expenditures. The objective of this study is to evaluate the implication of public expenditure on economic growth in Nigeria using Simple linear regression Mode. The study used Ex-post facto research design and applied time series econometrics technique to examine the effects of public expenditure on economic growth in Nigeria. The results indicate that Total Education Expenditure is highly and statistically significant and have positive relationship on economic growth in Nigeria in the long run. The result has an important implication in terms of policy and budget implementation in Nigeria. We conclude that economic growth is clearly impacted by factors both exogenous and endogenous to the public expenditure in Nigeria. It is therefore recommended that, Government should direct its expenditure towards the productive sectors like education as it would reduce the cost of doing business as well as raise the standard living of poor ones in the country. Also efforts should be made to increase government funding on education to curtail the level of strike in our education sector and as well increase funding on anti-graft or anti-corruption agencies like the Economic and Financial Crime Commission (EFCC), and the Independent Corrupt Practices Commission (ICPC) in order to arrest and penalize those who divert and embezzle public fund
Lafia Journal of Economics and Management Sciences, 2020
This study examined the relationship between electricity generation and economic growth in Nigeri... more This study examined the relationship between electricity generation and economic growth in Nigeria during the period 1986-2019 and employed the co-integration test, autoregressive distributed lag, Granger causality test techniques. The co-integration test result revealed a long-run relationship between explanatory variables. The study found that electricity plays an important role in propelling economic growth in Nigeria. Likewise, the result from the causality test indicates that, a bi-directional causal relationship between total electricity consumption and economic growth in the long run exist. The study recommends that policymakers need to improve the power sector to harness the potential of electricity in growing the economy.
SOCIALSCI Journal Vol 7 (2020) ISSN:2581-6624 , 2020
This study evaluates agricultural financing and economic growth in Nigeria using threshold autore... more This study evaluates agricultural financing and economic growth in Nigeria using threshold autoregressive (TAR) model. Examining the efficacy of agricultural financing on economic growth in Nigeria is the objective of the study. This evaluation covered but short and long run analyses. Diagnostic tests are adopted using Augmented Dickey Fuller Unit Root Test, Co-integration, and Error Correction Model. Threshold Autoregressive model (TAR) was utilized to test agricultural finance sustainability in Nigeria from 1990-2017. Findings showed that Nigeria has not reach a healthy threshold as revealed in all the regimes of GDP, the study concludes that Nigeria's agricultural financing is not healthy enough to yield greater benefits for the battled economy. This is because it has not achieved healthy threshold of significant positive impact in agriculture. The paper recommends among others that, there is great need to improve significantly government budget allocation to agriculture. Policy makers are encouraged to develop better frameworks that enhance more funds appropriated to the agricultural sector and financial institutions are expected to assist government on this struggle. Special Funds should be channeled to farmers and its relations to help boost production in the sector. This will lead to achievement of food security and high foreign exchange earnings.
The study, which relied on secondary data, investigated the relationship between foreign borrowin... more The study, which relied on secondary data, investigated the relationship between foreign borrowing and economics growth in Nigeria. The study employed both the quantitative and qualitative methods in analysing the data. This is a major gap the study filled up amidst existing literature as it adopted its own structural and working equation models peculiar to growth and development in Nigerian economy. The study adopted Ordinary Least Square (OLS) method, Augmented Dickey-Fuller (ADF) Unit Root test, Johansen Co-integration test and Error Correction Method (ECM). The estimation technique follows a three-step modelling procedure. The estimates indicate that there is an overall; a long run relationship exists among the variables. Conclusively, the result shows that external debt burden is an important factor indicator that influences the level of economic activities in Nigeria.
Archives of Business Research, 2018
This paper examined “The Moderating Roles of Government in Poverty Reduction in
Nigerian” The pa... more This paper examined “The Moderating Roles of Government in Poverty Reduction in
Nigerian” The paper critically evaluated the impact of government intervention in
alleviating poverty in Nigeria.. It further addresses the issues of how these
interventions programmes have proved to have been successful or have failed over
time. The objective was to determine if there is statistically significant relationship
between government expenditure on various poverty reduction programmes and
economic growth in Nigeria. This we based our theoretical foundation on the Kuznet’s
U Curve Hypothesis and the general income distribution theory to evaluate the link
between inequality, poverty reduction and economic growth in Nigeria. In the
methodology, our Model Specification was anchored on whether government programs has any significant influence on poverty reduction following the framework of Barro and Sala-i-Martin (1995) and Grootaert, Kanbbdur and Oh (1995) methods of analysis that uses a time subscript (t). We therefore modeled the relationship between poverty reduction and government programs through government expenditure on social intervention programs. The finding shows that there is no statistical significance between government expenditure and poverty reduction programs in Nigeria.
This study focuses on the implications of Credit to private Sector on the economic growth of Nige... more This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error estimates used to test the level of significance. The study found out statistical significance between Credit to Private Sector (CPS) and Real Gross Domestic Product (RGDP) in billions (N).furthermore, if there is one (1) million of Credit Private Sector (CPS) in the economy, the real output (RGDP) of the economy will increase by some significant percent of total increase in Credit to Private Sector (CPS).The Nigerian banking sector should increase the amount of credit given to private sector; th...
Abstract
This study focuses on the implications of Credit to private Sector on the economic grow... more Abstract
This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error estimates used to test the level of significance. The study found out statistical significance between Credit to Private Sector (CPS) and Real Gross Domestic Product (RGDP) in billions (N).furthermore, if there is one (1) million of Credit Private Sector (CPS) in the economy, the real output (RGDP) of the economy will increase by some significant percent of total increase in Credit to Private Sector (CPS).The Nigerian banking sector should increase the amount of credit given to private sector; this will in turn contributes greatly to the growth of Real Gross Domestic Product (GDP)bringing about increase in economic growth of the economy at large. The research concludes that bank reforms have resulted in making banks more efficient, reliable and their intermediating potentials have also been revived.
Keywords: Bank, reforms, economic growth, credit and private sector
ABSTRACT
The study investigated the impact of rural banking on the performance of private enterpr... more ABSTRACT
The study investigated the impact of rural banking on the performance of private enterprises in Nigerian economy, a study of Zee Synergy group of companies Ltd Wukari, Taraba State. Rural banking plays a crucial role on the general performance of the Nigeria economy. The research wished to identify if UBA Wukari has been able to provide the needed credit to private enterprises in Wukari especially to Zee Synergy group of companies Ltd, and if it has contributed positively to the growth of Wukari community. Responses from 25 staff were collected and Chi-square was adopted as the analytical technique used in testing the hypothesis in the research. The alternate hypothesis was accepted which indicates that UBA has been able to provide the needed credit to private enterprises and has also contributed positively to the Wukari economy. The research recommends that government should create and improve policies that must be adhered to by the commercial banks which will be in favour of their diversification to rural communities, and conditionality on loans availed should be cut down by the commercial banks if their aim is to contribute fairly to the economic development of rural areas in Nigeria.
Keywords: Rural, Bank, Private, enterprises, economy
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Papers by Jacob S Angahar
Nigerian” The paper critically evaluated the impact of government intervention in
alleviating poverty in Nigeria.. It further addresses the issues of how these
interventions programmes have proved to have been successful or have failed over
time. The objective was to determine if there is statistically significant relationship
between government expenditure on various poverty reduction programmes and
economic growth in Nigeria. This we based our theoretical foundation on the Kuznet’s
U Curve Hypothesis and the general income distribution theory to evaluate the link
between inequality, poverty reduction and economic growth in Nigeria. In the
methodology, our Model Specification was anchored on whether government programs has any significant influence on poverty reduction following the framework of Barro and Sala-i-Martin (1995) and Grootaert, Kanbbdur and Oh (1995) methods of analysis that uses a time subscript (t). We therefore modeled the relationship between poverty reduction and government programs through government expenditure on social intervention programs. The finding shows that there is no statistical significance between government expenditure and poverty reduction programs in Nigeria.
This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error estimates used to test the level of significance. The study found out statistical significance between Credit to Private Sector (CPS) and Real Gross Domestic Product (RGDP) in billions (N).furthermore, if there is one (1) million of Credit Private Sector (CPS) in the economy, the real output (RGDP) of the economy will increase by some significant percent of total increase in Credit to Private Sector (CPS).The Nigerian banking sector should increase the amount of credit given to private sector; this will in turn contributes greatly to the growth of Real Gross Domestic Product (GDP)bringing about increase in economic growth of the economy at large. The research concludes that bank reforms have resulted in making banks more efficient, reliable and their intermediating potentials have also been revived.
Keywords: Bank, reforms, economic growth, credit and private sector
The study investigated the impact of rural banking on the performance of private enterprises in Nigerian economy, a study of Zee Synergy group of companies Ltd Wukari, Taraba State. Rural banking plays a crucial role on the general performance of the Nigeria economy. The research wished to identify if UBA Wukari has been able to provide the needed credit to private enterprises in Wukari especially to Zee Synergy group of companies Ltd, and if it has contributed positively to the growth of Wukari community. Responses from 25 staff were collected and Chi-square was adopted as the analytical technique used in testing the hypothesis in the research. The alternate hypothesis was accepted which indicates that UBA has been able to provide the needed credit to private enterprises and has also contributed positively to the Wukari economy. The research recommends that government should create and improve policies that must be adhered to by the commercial banks which will be in favour of their diversification to rural communities, and conditionality on loans availed should be cut down by the commercial banks if their aim is to contribute fairly to the economic development of rural areas in Nigeria.
Keywords: Rural, Bank, Private, enterprises, economy
Nigerian” The paper critically evaluated the impact of government intervention in
alleviating poverty in Nigeria.. It further addresses the issues of how these
interventions programmes have proved to have been successful or have failed over
time. The objective was to determine if there is statistically significant relationship
between government expenditure on various poverty reduction programmes and
economic growth in Nigeria. This we based our theoretical foundation on the Kuznet’s
U Curve Hypothesis and the general income distribution theory to evaluate the link
between inequality, poverty reduction and economic growth in Nigeria. In the
methodology, our Model Specification was anchored on whether government programs has any significant influence on poverty reduction following the framework of Barro and Sala-i-Martin (1995) and Grootaert, Kanbbdur and Oh (1995) methods of analysis that uses a time subscript (t). We therefore modeled the relationship between poverty reduction and government programs through government expenditure on social intervention programs. The finding shows that there is no statistical significance between government expenditure and poverty reduction programs in Nigeria.
This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error estimates used to test the level of significance. The study found out statistical significance between Credit to Private Sector (CPS) and Real Gross Domestic Product (RGDP) in billions (N).furthermore, if there is one (1) million of Credit Private Sector (CPS) in the economy, the real output (RGDP) of the economy will increase by some significant percent of total increase in Credit to Private Sector (CPS).The Nigerian banking sector should increase the amount of credit given to private sector; this will in turn contributes greatly to the growth of Real Gross Domestic Product (GDP)bringing about increase in economic growth of the economy at large. The research concludes that bank reforms have resulted in making banks more efficient, reliable and their intermediating potentials have also been revived.
Keywords: Bank, reforms, economic growth, credit and private sector
The study investigated the impact of rural banking on the performance of private enterprises in Nigerian economy, a study of Zee Synergy group of companies Ltd Wukari, Taraba State. Rural banking plays a crucial role on the general performance of the Nigeria economy. The research wished to identify if UBA Wukari has been able to provide the needed credit to private enterprises in Wukari especially to Zee Synergy group of companies Ltd, and if it has contributed positively to the growth of Wukari community. Responses from 25 staff were collected and Chi-square was adopted as the analytical technique used in testing the hypothesis in the research. The alternate hypothesis was accepted which indicates that UBA has been able to provide the needed credit to private enterprises and has also contributed positively to the Wukari economy. The research recommends that government should create and improve policies that must be adhered to by the commercial banks which will be in favour of their diversification to rural communities, and conditionality on loans availed should be cut down by the commercial banks if their aim is to contribute fairly to the economic development of rural areas in Nigeria.
Keywords: Rural, Bank, Private, enterprises, economy