ADSU International Journal of Applied Economics, Finance and Management
type: channel
description: ADSU International Journal of Applied Economics, Finance and Management Overview The ADSU International Journal of Applied Economics, Finance and Management is a premier scholarly publication of the Department of Economics, Adamawa State University, Mubi, that disseminates advanced research and knowledge in the fields of applied economics, finance, and management. The journal caters to a global audience of academicians, researchers, and professionals, aiming to bridge the gap between theory and practice in these interrelated disciplines in order to facilitate economic development. History The journal was initially established in 2016 under the title ADSU Journal of Economics and Interrelated Disciplines. It was founded with the mission to explore and address the diverse aspects of economics and its related fields. Recognizing the evolving scope and the interdisciplinary nature of modern economic studies, the journal rebranded to ADSU Journal of Applied Economics, Finance and Management. This change reflected a more focused commitment to the practical applications of economic theories, financial management practices, and managerial strategies. In its continuous evolution and pursuit of academic excellence, the journal has now attained significant international visibility and prestige, leading to its current title, ADSU International Journal of Applied Economics, Finance and Management. This rebranding marks its established status in the global academic community and its commitment to fostering international collaboration and dissemination of high-impact research. Scope and Aims The ADSU International Journal of Applied Economics, Finance and Management aims to publish original, high-quality research articles, review papers, and case studies. The journal welcomes contributions that offer innovative insights, empirical findings, and theoretical advancements in areas including, but not limited to: Applied Economics: consumer behaviour, production theory, market structur…
language: en
publication name: ADSU International Journal of Applied Economics, Finance and Management
items: Effect Of Trust Management On Performance Of Family Businesses In The Federal Capital Territory, Abuja, Nigeria
items: Impact Of Indirect Tax On The Nigerian Economic Growth
items: Effect Of Board Of Directors’ Attributes On Financial Performance Of Listed Hospitality Companies In Nigeria
items: The Interplay Of Renewable Energy, Institutional Quality, And Consumption-Based Co₂ Emissions: An Empirical Analysis Of Nigeria
items: The Impact Of Public Debt On Economic Growth In Nigeria
items: Effect Of Income On Government Expenditure In Nigeria: Musgrave’s U-Shaped Quadratic Approach
items: Impact of National Health Insurance Policy on Out-Of-Pocket Health Expenditure for Sustainable Development in Kano State, Nigeria
items: Assessing The Role Of Rice Value Chain In Enhancing Women’s Economic Welfare In Northern Senatorial Zone, Adamawa State
items: An Empirical Evaluation Of The Impact Of Agricultural Programs On Food Security In Adamawa State
items: Effects Of Farmer-Herder Conflicts On Food Security Among Farming Households In Adamawa State Nigeria
items: Financial Inclusion And Economic Development In Northern Nigeria: Empirical Evidence And Policy Implications
items: Moderating Effect Of Tax Expertise On The Relationship Between Corporate Tax Planning Strategies And Profitability Of Listed Consumer Goods Companies In Nigeria
items: Monetary Policy Variables And Inflation Rate In Nigeria (1986 – 2024)
items: Firm Age, Firm Size And Environmental, Social And Governance Disclosure In Nigeria
items: The Influence Of Organisational Communication And Leadership Styles On Employee Performance In Niger State Board Of Internal Revenue
items: Institutional Quality And Foreign Direct Investment Inflows In ECOWAS
items: Exchange Rate Pass-Through And Macroeconomic Drivers In Nigeria: Evidence From ARDL Analysis, 1986–2023
items: Assessment Of Household Water Demand And Supply Situation In Damaturu Metropolis, Yobe State-Nigeria: A Quest For A Sustainable Water Security Solution
items: Agricultural Credit, Government Spending And Agricultural Productivity In Nigeria: An Empirical Analysis
items: An Analysis Of The Determinants Of Household Biomass Energy Demand And Willingness To Pay For Improved Energy Source In Michika LGA
items: Effect Of Monetary Policy And Financial Technology On Stock Market Performance In Nigeria
items: Role Of Microfinance Banks On Youth Entrepreneurial Intention: The Mediating Effect Of Entrepreneurial Self-Efficacy In Yola Metropolis, Adamawa State, Nigeria
items: Work-Life Balance And Employee Engagement Among Private Hospitals In Minna, Niger State
items: Assessing Digital Financial Inclusion And Rural Livelihoods In Shendam Local Government, Plateau State: Prospects For A Sustainable Digital Transformation
items: Nexus Between Audit Quality And Financial Reporting Quality Of Listed Insurance Company In Nigeria
items: Impact Of Foreign Aid On Economic Growth In Nigeria: Role Of Corruption
items: Relationship Between Money Supply And Interest Rate In Nigeria 1990 – 2023
items: Cryptocurrency And Digital Assets: Transforming The Financial Landscape
items: Effect Of Fuel Subsidy Removal On Standard Of Living Of Staff In Adamawa State University, Mubi
items: Exchange Rate Volatility And Inflation Dynamics In Nigeria

Effect Of Trust Management On Performance Of Family Businesses In The Federal Capital Territory, Abuja, Nigeria
type: item
description: This study examined the effect of trust management on the performance of family businesses in the Federal Capital Territory (FCT), Abuja. Recognized globally as a cornerstone of organizational sustainability and success, trust acts as a crucial enabler of operational efficiency. Consequently, this study investigated how the trust management (TM) constructs of competence, loyalty, and integrity affect the performance of family businesses in Abuja. Adopting a cross-sectional research design, the study utilized a survey method, administering structured 5-point Likert scale copies of questionnaire to a sample of 358 respondents from family businesses in the FCT. The results revealed a positive and significant effect of competence, loyalty, and integrity on the performance of family businesses. The study recommends that family business management adopt on-the-job training and job rotation to enhance employee competence, while simultaneously empowering employees to make decisions. Furthermore, the organization should implement rigorous recruitment processes to hire leaders with high integrity, and establish feedback mechanisms to monitor both superior and employee loyalty in the system. Finally, the study emphasizes that integrity should be understood as a core, rather than peripheral, component of sound business operations.
subject: Articles
  topic: section
subject: Competence
  topic: keywords
subject: Family Business
  topic: keywords
subject: Loyalty
  topic: keywords
subject: Integrity
  topic: keywords
subject: Sustainability
  topic: keywords
subject: Trust Management
  topic: keywords
creator: Paul Vincent
creator: Emmanuel D. Williams
creator: TANKO Abdul Tukur
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

Impact Of Indirect Tax On The Nigerian Economic Growth
type: item
description: This study investigates the impact of indirect taxes, Value Added Tax (VAT), Customs and Excise Duties (CED), and Petroleum Profit Tax (PPT) on Nigeria’s economic growth over the period 1994 to 2024. Employing secondary time-series data and the Autoregressive Distributed Lag (ARDL) modeling approach, the study examines both short-run and long-run dynamics, as well as causal relationships between these taxes and real GDP. The findings reveal that VAT has a significant positive effect on economic growth, both in the short and long run, highlighting its role as a growth enhancing fiscal instrument. In contrast, CED exhibits mixed effects, with short-run significance but an insignificant long-run impact, while PPT shows a small but significant negative effect on long-run growth. Granger causality tests indicate unidirectional influence from VAT to GDP and reverse causality from GDP to CED, whereas PPT demonstrates no predictive causality. Despite limitations related to data constraints, exclusion of other tax instruments, and the linear modeling assumption, the study contributes to knowledge by providing robust empirical evidence on the differential effects of indirect taxes and offering insights for policy formulation aimed at enhancing sustainable economic growth in Nigeria. The study recommends strengthening Value Added Tax administration through improved compliance, digital monitoring, and base broadening to sustain its growth-enhancing role, reforming Petroleum Profit Tax to reduce distortive effects on investment in the oil sector, and improving the efficiency of Customs and Excise Duties. These measures would enhance revenue mobilization, improve fiscal sustainability, and support inclusive and long-term economic growth in Nigeria.
subject: Articles
  topic: section
subject: Indirect Taxation
  topic: keywords
subject: Fiscal Policy
  topic: keywords
subject: Economic Growth
  topic: keywords
subject: Nigeria
  topic: keywords
subject: ARDL Model
  topic: keywords
creator: Muhammad Salihu Salihu
creator: Peter Chika Uzomba
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

Effect Of Board Of Directors’ Attributes On Financial Performance Of Listed Hospitality Companies In Nigeria
type: item
description: This study examines the effect of board of directors’ attributes on the financial performance of listed hospitality companies in Nigeria. Expost facto research design was used, relying solely on secondary data extracted from annual reports of selected hospitality companies listed on the Nigerian Exchange Group between 2019 and 2023. Data was analyzed using fixed effect regression model. The findings reveal that foreign directors has an insignificant effect on financial performance. However, independent directors exhibit a significant negative effect, while gender diversity and board expertise show significant positive effects on financial performance. Based on these outcomes, the study recommends that hospitality firms reassess the selection and effectiveness of independent directors, actively promote gender diversity, enhance board financial expertise, and align the appointment of foreign directors with strategic objectives rather than symbolic representation.
subject: Articles
  topic: section
subject: Foreign directors
  topic: keywords
subject: independent directors
  topic: keywords
subject: gender diversity and return on assets
  topic: keywords
creator: Abdulhamid Yunusa
creator: Abel Tarfa
creator: Ahmed Bakari Mauda
creator: Simon Moses
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

The Interplay Of Renewable Energy, Institutional Quality, And Consumption-Based Co₂ Emissions: An Empirical Analysis Of Nigeria
type: item
description: This study examine the mediating effect of institutional quality on the relationship between renewable energy and consumption-based co₂ emissions in Nigeria. The study utilizes Autoregressive Distributed Lag Model (ARDL) using a time series data from 1996 to 2024. The results show that institutional quality plays a crucial role in strengthening the effectiveness of renewable energy in reducing CO₂ emissions in the long run. Strong institutions ensure better governance, regulatory frameworks, and policy enforcement, which enhance the efficiency of renewable energy projects. Furthermore, the short run interaction term between renewable energy and institutional quality has a negative but statistically insignificant coefficient the negative sign suggests that higher institutional quality may still enhance the effectiveness of renewable energy in reducing CO₂ emissions. The study recommends that, Nigeria should strengthen institutional frameworks, improve policy implementation, and invest in renewable energy infrastructure in order to achieve sustainable emissions reduction. In addition, the long-term benefits of renewable energy can be amplified by addressing governance challenges, improving regulatory enforcement, and ensuring transparency in the energy sector.
subject: Articles
  topic: section
subject: Consumption-Based Co₂ Emissions
  topic: keywords
subject: Institutional Quality
  topic: keywords
subject: Renewable Energy
  topic: keywords
subject: ARDL
  topic: keywords
subject: Gross Domestic Product
  topic: keywords
creator: Babangida Danladi Safiyanu
creator: Abdulhadi Ibrahim
creator: Faiza Adamu Mohammed
creator: Kamalu Adamu
creator: Jibril Musa
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

The Impact Of Public Debt On Economic Growth In Nigeria
type: item
description: This study investigates the impact of public debt on economic growth, using annual time series data for a period of 42 years (1981 to s2023) using Autoregressive Distributive Lag (ARDL). The study further tested the unit root properties of the variables using Augmented Dickey Fuller (ADF) and the results indicate that most of the variables were stationary at level while others at first difference meaning that there is no unit root. The results of the cointegration test reveal that the F-statistic values of the test are greater than both I(0) and I(1) critical value bounds at 5% level of significance which is a condition for rejecting the null hypothesis of no long run relation among the variables of the equation. The study provides evidence that coefficients of investment and exchange rate are positively related to economic growth while domestic debt, external debt and debt servicing are negatively related to economic growth. The study recommends that government must ensure that borrowing should be directed strictly toward productive capital projects which will generate long-term returns. Also, exportation of domestic products should be encouraged by giving export subsidies to exporters, as high exchange rates make domestics products more attractive in the foreign markets.
subject: Articles
  topic: section
subject: Public Debt
  topic: keywords
subject: Economic Growth
  topic: keywords
subject: Investment
  topic: keywords
subject: Exchange Rate
  topic: keywords
subject: ARDL Model
  topic: keywords
creator: Ahmed Imam Zakariyah
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

Effect Of Income On Government Expenditure In Nigeria: Musgrave’s U-Shaped Quadratic Approach
type: item
description: This study examines the effect of income on government expenditure in Nigeria using annual time series data for a period of 62 years (1961-2023). To ensure the robustness of the results this paper employs the Autoregressive Distributive Lag (ARDL) model. The unit root properties of the variables was utilized using Augmented Dickey Fuller (ADF) and the results indicate that most of the variables were stationary at level while others at first difference. The results of the cointegration tests suggest rejection of the null hypothesis of no long run relation among the variables of each equation. The study adopts Musgrave's U-Shaped Quadratic Approach as its benchmark. The findings revealed that total revenue, aggregate income, per capita income, revenue per capita and population contribute to the expansion of government expenditure while the civilian regime dummy variable indicates that the government expenditure is lower during the civilian era than during a military regime in all estimations; election year is not associated with higher government expenditure. The study recommends the increasing state expenditure to maintain aggregate demand. Also, regulatory authorities should realize the inevitability of the need for additional governmental services that would be demand-driven. Lastly, the policy makers or regulatory authorities need to understand when the expenditure is overblown so as to take appropriate measures as a corrective action.
subject: Articles
  topic: section
subject: ARDL
  topic: keywords
subject: Government Expenditure
  topic: keywords
subject: Income
  topic: keywords
subject: Per Capita Income
  topic: keywords
subject: Proposition
  topic: keywords
creator: Ahmed Imam Zakariyah
rights: Copyright (c) 2026
date: 2026-02-05
publication date: 2026-02-05

Impact of National Health Insurance Policy on Out-Of-Pocket Health Expenditure for Sustainable Development in Kano State, Nigeria
type: item
description: Globally, a health insurance scheme is set to ensure universal health coverage is accessible and affordable for all to ensure sustainable development. The National Health Insurance Scheme (NHIS) is not an exception. The increased quest for healthcare means an increased demand for healthcare complemented by healthcare utilization which is induced by reduction in catastrophic out of pocket payments on health. Empirical evidence using nonlinear econometric models revealed that demand for healthcare with endogenity of health insurance policy affects catastrophic health expenses. It is in view of this that the study seeks to identify factors responsible in explaining the extent and level of financial protection provided to users in Kano state, Nigeria amidst the NHIS policy since inception. The study collected data from a sample of 391 users and Logistic regression model was used to estimate out of pocket payments or NHIS to measure extent of financial protection provided to users. Findings from the study revealed that; socio-demographic, economic, individual specific and health specific factors determine the extent of financial protection among enrollees; aging population, the female and the severely ill are negatively affected by the policy; the enrollment criteria has left enrollees with healthcare burden that is settled out of pocket, in the same vein accredited public hospitals are ill-equipped which derives enrollees to accredited private hospitals and incur exorbitant healthcare costs. The model fit statistics have shown that the models fit the data set well. The study recommends that special consideration should be given to the old age, there should be a health insurance package for retirees and there should be closed monitoring and evaluation of the accredited centers (public and private) to ensure achievement of the desired goal of accessing healthcare at affordable cost among others.
subject: Articles
  topic: section
subject: National Health Insurance Policy
  topic: keywords
subject: out of pocket health expenditure
  topic: keywords
subject: sustainable development
  topic: keywords
subject: Kano State
  topic: keywords
subject: logistic regression
  topic: keywords
creator: Safiyya Abubakar Abba
creator: Farida Mohammed Shehu
creator: Nasiru Ado Shehu
rights: Copyright (c) 2026
date: 2026-01-15
publication date: 2026-01-15

Assessing The Role Of Rice Value Chain In Enhancing Women’s Economic Welfare In Northern Senatorial Zone, Adamawa State
type: item
description: This study examines the role of the rice value chain in enhancing women’s economic welfare in the Northern Senatorial Zone of Adamawa State, Nigeria. Employing a quantitative cross-sectional and explanatory research design, primary data were collected from women involved in rice production, processing, and marketing using structured questionnaires. The sample size was determined using Taro Yamane’s (1967) formula, and data were analyzed using descriptive statistics, Logit regression, Propensity Score Matching (PSM), and Ordinary Least Squares (OLS) regression techniques. The findings from the Logit model indicate that socio-economic and institutional factors including education, farming experience, access to credit, cooperative membership, land ownership, and extension services significantly increase women’s likelihood of participating in the rice value chain, while greater distance to markets reduces participation. The PSM and OLS results further reveal that participation in the rice value chain translates into substantial welfare gains. Participating women earn higher incomes (β = 38,450; ATT = ₦37,774.12), spend more on household consumption (β = 14,320; ATT = ₦14,422.56), and possess a greater assets index (β = 0.15; ATT = 0.14) compared to non-participants. Disaggregated analyses show that engagement in rice production and processing contributes most significantly to income, consumption, and asset accumulation, whereas marketing alone yields limited and inconsistent benefits. The study highlights the reinforcing roles of human capital, institutional support, and access to productive resources, while household size and poor market access remain constraints. Based on these findings, the study recommends targeted education and training programs, strengthened cooperative structures, facilitated access to affordable credit, improved rural infrastructure, and promotion of value-addition activities along the rice value chain. Implementing these measures can enhance wo…
subject: Articles
  topic: section
subject: Rice value chain
  topic: keywords
subject: Women empowerment
  topic: keywords
subject: Welfare improvement
  topic: keywords
subject: Agricultural economics
  topic: keywords
subject: Rural development
  topic: keywords
creator: Abdullahi Jauro Mohammed
creator: Nuru Mohammed Arabo
creator: Hamisu Ali
rights: Copyright (c) 2026
date: 2026-01-08
publication date: 2026-01-08

An Empirical Evaluation Of The Impact Of Agricultural Programs On Food Security In Adamawa State
type: item
description: This study empirically evaluates the impact of agricultural programs on food security in Adamawa State, Nigeria, focusing on the availability of staple food crops and household access to food. Despite government interventions including the State Subsidised Input Program, Fadama projects, and the Anchor Borrowers’ Program, food insecurity persists due to poverty, youth unemployment, climate variability, and conflict. Using a quantitative survey design, data were collected from 450 respondents across six purposively selected Local Government Areas. Regression analyses employing Ordinary Least Squares (OLS), robust OLS, and log-linear models were conducted. Results show that participation in agricultural programs significantly improves staple food availability (β = 0.284, p < 0.01) and household food access (β = 0.241, p < 0.01). Access to subsidised inputs (β = 0.219, p < 0.01) and agricultural credit (β = 0.182, p < 0.01) further enhance food availability, while household income (β = 0.318, p < 0.01) and education of household heads (β = 0.124, p < 0.01) positively influence food access. Larger household sizes, however, negatively affect food access (β = −0.067, p < 0.05). These findings support the Sustainable Livelihoods Theory by highlighting the role of financial, human, and physical capital in improving production, income, and resilience. The study recommends strengthening program implementation through expanded input support, improved extension services, enhanced credit facilities, and promotion of education and income diversification to ensure sustainable food security.
subject: Articles
  topic: section
subject: Agricultural programs
  topic: keywords
subject: Food security
  topic: keywords
subject: Household income
  topic: keywords
subject: Adamawa State
  topic: keywords
subject: Sustainable livelihoods
  topic: keywords
creator: Ahmed Abubakar Abdullahi
creator: Adamu Jibrilla
creator: Babangida Adamu
rights: Copyright (c) 2026
date: 2026-01-08
publication date: 2026-01-08

Effects Of Farmer-Herder Conflicts On Food Security Among Farming Households In Adamawa State Nigeria
type: item
description: This study investigates the effects of farmer–herder conflicts on food security among farming households in Adamawa State, Nigeria, and assesses the mitigation strategies adopted for managing these conflicts. Using a cross-sectional research design and multistage cluster sampling, data were collected from farming households and analyzed using descriptive statistics, a food security index, and a logistic regression model. The results show that about 63 percent of farming households are food insecure. Empirical findings indicate that cattle rustling, violent confrontation, crop damage by cattle encroachment, and interpersonal clashes significantly reduce the likelihood of household food security. The study identifies seven community-based mitigation strategies predominantly applied to resident (local) herders, including verbal warning, arrest and prosecution, alternative dispute resolution, compensation, relief provision, plot reallocation, and payment for loss of cattle. In addition, a state-led seasonal calendar (date-line) approach regulating harvesting periods and pastoral movement is identified as a complementary preventive strategy targeting migrating herders. While most households perceive these measures as effective, gaps remain in enforcement and institutional coordination. The study concludes that farmer–herder conflicts constitute a major constraint to household food security and recommends institutionalizing the seasonal calendar framework, strengthening community-based conflict resolution mechanisms, and integrating conflict-sensitive land-use planning and agro-pastoral practices to enhance sustainable food security outcomes.
subject: Articles
  topic: section
subject: Farmer–herder conflict
  topic: keywords
subject: Food security
  topic: keywords
subject: Conflict mitigation
  topic: keywords
subject: Farming households
  topic: keywords
subject: Adamawa State
  topic: keywords
creator: Salihu Ahmadu Yahaya
creator: Hamisu Ali
creator: Adamu Jibrilla
rights: Copyright (c) 2026
date: 2026-01-08
publication date: 2026-01-08

Financial Inclusion And Economic Development In Northern Nigeria: Empirical Evidence And Policy Implications
type: item
description: This study investigates the relationship between financial inclusion and economic development in Northern Nigeria using quarterly secondary data from 2012 to 2024, focusing on ten states with the highest multidimensional poverty rates. Financial inclusion indicators include bank branches per capita, ATM penetration, mobile money usage, and rural loans, while economic development is measured by GDP per capita, poverty rates, employment, and household income. Unit root tests reveal mixed orders of integration among the variables, justifying the use of the Autoregressive Distributed Lag (ARDL) approach. The bounds test confirms a stable long-run cointegrating relationship between financial inclusion and economic development. Long-run ARDL estimates indicate that bank branches, ATM penetration, and rural loans positively affect economic development but are statistically insignificant, suggesting limited impact of traditional financial inclusion channels, whereas mobile money usage has a negative and marginally significant effect, implying that it is mainly used for consumption rather than productive investment. Short-run results show that the lagged dependent variable is significant and the error correction term is negative and statistically significant, with approximately 50 percent of deviations from long-run equilibrium corrected within one quarter, indicating a relatively fast speed of adjustment toward a stable long-run relationship. Post-estimation diagnostics confirm model robustness, showing no serial correlation, heteroscedasticity, or non-normality. Based on these findings, the study recommends that policies not only expand access to financial services but also promote their productive use through entrepreneurship programs and investment incentives; enhance financial literacy for low-income and rural populations; and strengthen institutional and regulatory frameworks to improve transparency, credit allocation, and monitoring of financial services.
subject: Articles
  topic: section
subject: Financial Inclusion
  topic: keywords
subject: Economic Development
  topic: keywords
subject: Northern Nigeria
  topic: keywords
subject: Financial Intermediation
  topic: keywords
subject: Poverty Reduction
  topic: keywords
creator: Ahmed Mallum
rights: Copyright (c) 2026
date: 2026-01-06
publication date: 2026-01-06

Moderating Effect Of Tax Expertise On The Relationship Between Corporate Tax Planning Strategies And Profitability Of Listed Consumer Goods Companies In Nigeria
type: item
description: This study examined moderating effect of tax expertise on the relationship between corporate tax planning strategies and the profitability of Nigerian consumer goods companies. The study employed ex-post facto research design. The study focused on 15 sampled companies from a population of 21, covering a 16-year period (2007–2022). Data was collected from the sampled companies and analysed using panel corrected standard error regression technique. The findings reveal that effective tax rate and tin capitalization both have a negative and significant impact on return on capital employed. Capital intensity positively and significantly affects return on capital employed. Tax expertise positively and significantly affects return on capital employed. Tax expertise also significantly moderates the relationships between effective tax rate, thin capitalization, capital intensity, and profitability, amplifying the positive impacts of tax planning strategies. However, its moderating effect on the relationship between firm size and profitability is positive but insignificant. Based on these findings, the study recommends that companies focus on strategies to minimize effective tax rate, optimize debt levels, and invest in capital assets while leveraging the expertise of tax professionals on their boards to enhance profitability. Further research should explore the long-term impacts of these strategies, consider other sectors of the Nigerian economy, and examine additional corporate governance factors.
subject: Articles
  topic: section
subject: moderating effect
  topic: keywords
subject: tax expertise
  topic: keywords
subject: tax planning
  topic: keywords
subject: roce
  topic: keywords
creator: Simon Moses
creator: Titus Ibrahim
creator: Toma Ayuba
rights: Copyright (c) 2026
date: 2026-01-01
publication date: 2026-01-01

Monetary Policy Variables And Inflation Rate In Nigeria (1986 – 2024)
type: item
description: Persistent inflation has continued to challenge Nigeria’s macroeconomic stability and the effectiveness of monetary policy. This study investigates the impact of key monetary policy variables, Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR), and Exchange Rate (EXR), on inflation in Nigeria from 1986 to 2024. Using annual data from the Central Bank of Nigeria (CBN) and the World Development Indicators (WDI), the study applies the Auto-Regressive Distributed Lag (ARDL) model alongside unit root, cointegration, and Granger causality tests to examine both short- and long-run dynamics. Results reveal that a 1% increase in MPR raises inflation by 1.92% in the short run and 4.90% in the long run, indicating a strong positive relationship. The CRR shows an insignificant short-run effect but a long-run negative impact, where a 1% rise reduces inflation by 1.40%. Exchange rate movements exhibit mixed outcomes: a 1% depreciation lowers inflation by 2.20% in the short run but increases it by 2.66% in the long run. The error-correction term of -0.83 suggests rapid adjustment to the long-run equilibrium. The study recommends that the Central Bank of Nigeria apply cautious and coordinated adjustments to the MPR, utilize CRR strategically for long-term inflation control, and adopt integrated exchange rate and structural policy reforms to strengthen monetary policy effectiveness.
subject: Articles
  topic: section
subject: Monetary Policy
  topic: keywords
subject: Inflation
  topic: keywords
subject: ARDL
  topic: keywords
subject: Nigeria
  topic: keywords
subject: Exchange Rate
  topic: keywords
creator: Umar Johnson Akogwu
creator: Uzomba Peter Chika
creator: Abu Michael Maju
creator: Olaoluwa Babatunde Olamide
rights: Copyright (c) 2026
date: 2026-01-01
publication date: 2026-01-01

Firm Age, Firm Size And Environmental, Social And Governance Disclosure In Nigeria
type: item
description: This study examines the effect of firm-specific characteristics on Environmental, Social, and Governance (ESG) disclosure among companies listed on the Nigerian Exchange Group. Drawing on legitimacy and stakeholder theories, the study focuses on firm size and firm age as key explanatory variables, while controlling for profitability. Using panel data from 41 listed firms over the study period, panel regression techniques are employed, including pooled ordinary least squares (OLS), random effects (RE), and fixed effects (FE) models. Post-estimation diagnostics indicate that the fixed effects model, corrected using panel-corrected standard errors (PCSE), provides the most appropriate specification. The empirical findings reveal a strong and positive relationship between firm size and ESG disclosure, suggesting that larger firms are more responsive to stakeholder pressure and regulatory expectations. Conversely, firm age exhibits a negative and statistically significant effect on ESG disclosure in the fixed effects models, indicating that older firms may rely more on established reputational capital rather than expanding sustainability reporting practices. Therefore, the results highlight that while firm size aligns with global evidence as a key driver of ESG disclosure, firm age displays contrasting effect in the Nigerian context. The study contributes to the limited literature on ESG disclosure in emerging markets and provides relevant insights for policymakers, investors, and corporate managers seeking to strengthen sustainability reporting practices in Nigeria.
subject: Articles
  topic: section
subject: Environmental Social and Governance (ESG) Disclosure
  topic: keywords
subject: Firm Size
  topic: keywords
subject: Firm Age
  topic: keywords
subject: Nigeria
  topic: keywords
creator: Joshua Benson Nadiyasu
creator: Musa Jerry Samuel
rights: Copyright (c) 2026
date: 2026-01-01
publication date: 2026-01-01

The Influence Of Organisational Communication And Leadership Styles On Employee Performance In Niger State Board Of Internal Revenue
type: item
description: This study examines the influence of organistional communication and leadership styles on employee performance in Niger State Board of Internal Revenue. The primary goal of the study was to determine how employee performance at the Niger State Board of Internal Revenue was impacted by organizational communication and leadership styles. The study adopted theories like situational/contingency theory of leadership, and adaptive structuration organizational communication theory as theoretical underpinning. A quantitative research approach was employed to accomplish the goal, and 159 (86%) of the 186 closed-ended questionnaires distributed were collected. The Multifactor Leadership Questionnaire, was used to collect the data, and it was adjusted to meet the needs of the research. The statistical methods employed for the analysis of the data were descriptive and inferential, with the aid of SPSS software. The results revealed that there was a high correlation between employee performance and leadership style. Consequently, it was recommended that companies use media and efficient communication techniques to help workers understand the intentions of the organisation. Furthermore, leadership philosophies ought to be flexible rather than rigid and unchangeable.
subject: Articles
  topic: section
subject: Organization
  topic: keywords
subject: Communication
  topic: keywords
subject: Organizational communication
  topic: keywords
subject: Leadership
  topic: keywords
subject: Leadership Styles
  topic: keywords
subject: Employee Performance
  topic: keywords
creator: Adeogun James Akinlolu
creator: Nmadu Timothy
rights: Copyright (c) 2026
date: 2026-01-01
publication date: 2026-01-01

Institutional Quality And Foreign Direct Investment Inflows In ECOWAS
type: item
description: There is no doubt that several studies have examined the linkage between institutional quality and foreign direct investment, but the fact remains that institutional quality as a measure of governance effectiveness cannot on its own provide remedy towards facilitating capital inflow. It is on this note that this study examines the impact of institutional quality on foreign direct investment (FDI) in the Economic Community of West African States (ECOWAS) Sub-region, with an underlying focus on the mediating role of economic openness in the link between institutional quality and foreign direct investment (FDI) inflows. Using annual panel data covering 12 ECOWAS countries from 2010–2024, the study employed Structural Equation Modelling (SEM). Results reveal that rule of law exert a negative direct effect on FDI inflows, reflecting persistent instability, weak policy implementation, and investor concerns about political risk across the sub-region. However, trade openness provides a modest but significant mediation effect, suggesting that market access can partly offset the deterrent impact of governance challenges. The study concludes that legal and institutional reforms alone are insufficient to attract investment. ECOWAS governments should complement reforms with robust trade and commercialization policies to foster a more enabling environment for sustainable FDI.
subject: Articles
  topic: section
subject: Institutional quality
  topic: keywords
subject: foreign direct investment (FDI)
  topic: keywords
subject: Economic openness
  topic: keywords
subject: Rule of law
  topic: keywords
subject: ECOWAS
  topic: keywords
subject: Structural Equation Modelling (SEM)
  topic: keywords
subject: Panel data
  topic: keywords
creator: Godwin Atalokhai Esemuze
creator: Emua Ehijie Ihimekpen
rights: Copyright (c) 2025
date: 2025-12-20
publication date: 2025-12-20

Exchange Rate Pass-Through And Macroeconomic Drivers In Nigeria: Evidence From ARDL Analysis, 1986–2023
type: item
description: This study examines the determinants of Nigeria’s exchange-rate dynamics through the lens of the Exchange Rate Pass-Through (ERPT) theory. Using annual data from 1986 to 2023 sourced from the Central Bank of Nigeria and the National Bureau of Statistics, an autoregressive distributed lag (ARDL) framework is applied to capture both short- and long-run effects of key macroeconomic drivers: money supply, monetary policy rate, inflation, government capital expenditure, government recurrent expenditure, and real gross domestic product on exchange rates. The long-run results reveal that inflation and money supply exert statistically significant negative impacts on the exchange rate, implying that episodes of rising domestic prices and monetary expansion, when accompanied by credible policy tightening and real-sector growth, are associated with a mild appreciation of the naira. By contrast, the monetary policy rate shows a strong positive impact, indicating that sustained interest-rate hikes may signal fiscal or liquidity risks, thereby encouraging depreciation. Government capital and recurrent expenditures both contribute significantly to naira depreciation, with the recurrent component displaying the stronger impact, while real GDP growth remains positive but statistically insignificant once monetary and fiscal influences are controlled. Based on the findings, this study recommends that effective management of recurrent spending, targeted monetary expansion that supports productive sectors, and transparent policy communication are essential to moderating pass-through pressures and sustaining long term exchange-rate stability.
subject: Articles
  topic: section
subject: Exchange Rate Pass-Through
  topic: keywords
subject: ARDL
  topic: keywords
subject: Money Supply
  topic: keywords
subject: Fiscal Policy
  topic: keywords
subject: Nigeria
  topic: keywords
creator: Salihu Abdullahi
creator: Olabimpe Wakilat Akinromade
creator: Buhari Abdullahi
creator: Musa Mujtaba Abdullahi
creator: Halima Haruna Muhammad
creator: Samira Auwal Jibo
rights: Copyright (c) 2025
date: 2025-12-20
publication date: 2025-12-20

Assessment Of Household Water Demand And Supply Situation In Damaturu Metropolis, Yobe State-Nigeria: A Quest For A Sustainable Water Security Solution
type: item
description: Access to safe water which was declared as a fundamental human right by the United Nations General Assembly in the year 2000 that was expected to derive economic growth, reduce poverty, improves health security and indeed environmental sustainability. But as population, urbanization, industrialization and climate change severity increase, the underlying challenges facing most municipal authorities particularly in the underdeveloped and developing countries have also increased in scope, complexity and intensity. This is evident in the United Nation (UN) report that about 785 million people lack access to basic drinking water service and at least 2 billion people use a drinking water source contaminated with feces which further cause water borne disease such as cholera, diarrhea, typhoid, hepatitis, among others. Empirical evidence within the study area suggests that total water demand in Damaturu metropolis as at January, 2024 was 900 million litres per day (mld) and the available supply was just 250 mld. The difference stood at 650 mld as deficit. The study, deployed a blend of three theories- the Theory of Planned Behaviour (TPB), Time allocation, Cost-benefit analysis and utility maximization theories have been identified and adopted as the analytical framework for the study. A case study approach using mixed method research resign was used as the main methodology for the study. The quantitative data was analyzed using STATA version 17 of the both descriptive statistics data summary and estimation of Tobit or logistic regression models. Also, Nvivo and ATLAS-TI software was used for the analysis of the qualitative data. The finding revealed that most of the respondents (85.22%) relied on informal water vendors as the major source of water for domestic consumption. Furthermore, significant percentage (91.44%) of the respondents expressed willingness to pay for the improved water supply system and reported the sum ₦3,119.51K equivalent to $2.51 as mean willingness t…
subject: Articles
  topic: section
subject: Water
  topic: keywords
subject: Tobit regression
  topic: keywords
subject: sustainable Solution
  topic: keywords
creator: Abatcha Melemi
creator: Godwin Boniface
rights: Copyright (c) 2025
date: 2025-11-17
publication date: 2025-11-17

Agricultural Credit, Government Spending And Agricultural Productivity In Nigeria: An Empirical Analysis
type: item
description: This study examined the effects of agricultural credit and government spending on agricultural productivity in Nigeria from the first quarter of 1999 to the fourth quarter of 2023. Using secondary data obtained from the World Bank Database and the Central Bank of Nigeria Statistical Bulletin (2023), the study employed the Autoregressive Distributed Lag (ARDL) regression technique. The findings revealed that agricultural credit, climate variability, insecurity, and corruption significantly influenced agricultural output growth during the study period. The study recommends enhancing access to agricultural credit, increasing and efficiently managing government spending, implementing climate adaptation strategies, and strengthening anticorruption institutions to improve agricultural productivity.
subject: Articles
  topic: section
subject: Agricultural credit
  topic: keywords
subject: Government spending
  topic: keywords
subject: Climate change
  topic: keywords
subject: Corruption
  topic: keywords
subject: ARDL
  topic: keywords
creator: Abo Sunday Okoh
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

An Analysis Of The Determinants Of Household Biomass Energy Demand And Willingness To Pay For Improved Energy Source In Michika LGA
type: item
description: This study examines the determinants of household biomass energy demand and willingness to pay (WTP) for improved energy sources in Michika Local Government Area (LGA) of Adamawa State, Nigeria. A cross-sectional survey design, complemented by descriptive, analytical, and contingent valuation approaches, was employed to collect primary data from 400 households across 13 electoral wards. The data captured socio-economic, demographic, and energy consumption characteristics of the respondents. The Multinomial Logit (MNL) model, grounded in Random Utility Theory, was used to analyze the determinants of household energy choices, while a Binary Logit model estimated the willingness to pay for improved energy sources. Descriptive analysis revealed that most respondents were male, within the 51–60 years age group, and had primary education. Access to modern energy was generally low, and reliance on traditional fuels such as firewood and charcoal remained high due to affordability and accessibility challenges. Regression results showed that household income and type of dwelling unit significantly influenced energy accessibility, indicating that wealthier households in better housing structures are more likely to use modern energy sources. In contrast, reliance on traditional fuels negatively affected access to improved energy. The logistic regression model further confirmed that the type of energy source significantly influenced the likelihood of having reliable energy access. The model demonstrated good fit and predictive accuracy, validating its suitability for analyzing household energy behavior. The study concludes that enhancing access to modern and cleaner energy sources is vital for reducing dependence on biomass fuels and promoting sustainable energy use in rural communities. It recommends that government, private investors, and development partners improve rural energy infrastructure, provide affordable clean energy alternatives, and promote awareness programs to fa…
subject: Articles
  topic: section
subject: Household energy demand
  topic: keywords
subject: Biomass fuel
  topic: keywords
subject: Willingness to pay
  topic: keywords
subject: improved energy sources
  topic: keywords
subject: Michika LGA
  topic: keywords
creator: Jessica Nuwa Daniel
creator: Godwin Boniface
creator: Danjuma Ahmad
creator: Peter Amade
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Effect Of Monetary Policy And Financial Technology On Stock Market Performance In Nigeria
type: item
description: The study looked into the effects of monetary policy and financial technology on Nigerian stock market performance. Secondary data released between 2000 and 2023 was used in the research. This study examined the long-term relationships and effects of financial technology, inflation, the broad money supply, and the monetary policy rate on the performance of the Nigerian stock market using the Autoregressive Distributed Lag Model (ARDL) Bound test approach. There is a long-term association between the study's variables, according to the ARDL Bound test. Because the unit rise in the monetary policy rate (MPR) and inflation (INF) reduced the stock market performance in Nigeria by about 72% and 15%, respectively, the estimated ARDL model demonstrated that these two factors have a significant negative influence on stock market performance in Nigeria. According to the calculated ARDL model's long-run coefficient, financial technology (NIP) significantly and favorably affects Nigeria's stock market performance; a unit increase in NIP raises stock market performance by around 42. Granger causality was used to show that the money supply and monetary policy rate in Nigeria were causally related in a one-way fashion. According to the study's conclusions, in order to avoid prejudice and discrimination, Fintech businesses should prioritize data protection, consent, and fairness when using algorithms for decision making. Finding the ideal balance between innovation and moral behavior is essential to the long-term viability and success of the fintech industry. A strong monetary policy transmission mechanism that enhances capital market performance, steady money supply growth that corresponds with increased activity in the Nigerian stock market, and the implementation of policies that promote price stability in the economy are all necessary for the Central Bank of Nigeria
subject: Articles
  topic: section
subject: Monetary Policy
  topic: keywords
subject: Financial Technology (FinTech)
  topic: keywords
subject: Stock Market Performance
  topic: keywords
subject: Autoregressive Distributed Lag (ARDL) Model
  topic: keywords
subject: Nigeria
  topic: keywords
creator: Janet John Yame
creator: Bakari Wadinga
creator: Danjuma Ahmad
creator: Godwin Boniface
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Role Of Microfinance Banks On Youth Entrepreneurial Intention: The Mediating Effect Of Entrepreneurial Self-Efficacy In Yola Metropolis, Adamawa State, Nigeria
type: item
description: This study investigates the influence of role to microloans, business training, and entrepreneurial self-efficacy on youth entrepreneurial intentions among Batch B National Youth Service Corps (NYSC) members in Adamawa State, Nigeria, during the 2024-2025 service year. The study was motivated by the need to fill an identified gap in the literature, as existing research scarcely examined, in one study, the combined effects of microloans and business training on youth entrepreneurial intentions, including the mediating role of entrepreneurial self-efficacy. A crosssectional survey research design was used, and the Taro Yamane (1973) formula was adopted to determine the sample size. A total of 340 questionnaires were distributed, with 300 valid responses obtained, yielding an 88.2% response rate deemed suitable for multivariate analysis. Stratified sampling was employed based on NYSC platoons, 34 respondents from each platoon were selected. Data were collected using a structured questionnaire based on validated scales adapted from previous studies. Analysis was conducted using confirmatory factor analysis (CFA) and structural equation modeling (SEM) via AMOS version 22. The findings reveal that ROLE to microloans significantly impacts youth entrepreneurial intention in Adamawa State (β = 0.62, p < 0.05) but does not significantly influence entrepreneurial self-efficacy (β = 0.12, p > 0.05). Business training programs, conversely, exhibit a substantial positive effect on both entrepreneurial intention (β = 0.78, p < 0.01) and self-efficacy (β = 0.68, p < 0.01). However, entrepreneurial self-efficacy does not directly affect youth entrepreneurial intention (β = 0.05, p > 0.05) and does not mediate the relationship between either role to microloans or business training and entrepreneurial intention. These results suggest that while financial support and skill-based training significantly foster entrepreneurial intentions, selfefficacy may play a less critical role as a di…
subject: Articles
  topic: section
subject: Microfinance Banks
  topic: keywords
subject: Youth Entrepreneurial Intention
  topic: keywords
subject: Entrepreneurial Self-Efficacy
  topic: keywords
subject: Microloans
  topic: keywords
subject: Business Training
  topic: keywords
creator: Haruna Nunaya
creator: Deva Vicent Bello
creator: Inim Tjomas Udo-Imeh
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Work-Life Balance And Employee Engagement Among Private Hospitals In Minna, Niger State
type: item
description: Employees especially those in private sectors are mostly tied down and occupied entirely by work making them unable to make adequate balance between their work and outside work affairs which leads them to be disengaged at the work place there by affecting their productivity and organizational performance at large. Various studies revealed reciprocal relations as well as bidirectional rather than a clear results regarding the relationship between work-life balance and employee engagement and as such this study expand on the current literatures by examining the effect of work-life balance on employee engagement using spillover theory as the foundation. The study employed a quantitative survey by administering a structured questionnaire to 194 employees of 9 private hospitals in Minna using census based sampling technique. Formulated hypotheses were tested using multiple linear regression and the results revealed R2 of 0.685 and R value of 0.741 indicating that work-life balance accounted for a high variations in employee engagement and that the variables are strongly correlated as well. Findings revealed that flexible work arrangement and leave policy have a positive significant effect on employee engagement while career development opportunity have a positive but insignificant effect on employee engagement. The study concluded that work-life balance is a predictor of employee engagement within the context. Recommendation was made that the management of the hospitals should introduce and strengthen flexible work arrangements by implementing shift flexibility policies and also design a comprehensive and fair leave policies that will suits the needs and circumstances of employees.
subject: Articles
  topic: section
subject: work-life balance
  topic: keywords
subject: employee engagement
  topic: keywords
subject: employee performance
  topic: keywords
subject: work-life harmony
  topic: keywords
creator: Jabir Aliyu
creator: Ibrahim Bello Bature
creator: Fatima Ibrahim Ma’aji
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Assessing Digital Financial Inclusion And Rural Livelihoods In Shendam Local Government, Plateau State: Prospects For A Sustainable Digital Transformation
type: item
description: Digital Financial Inclusion (DFI) has become a vital tool for improving financial access and enhancing livelihoods, particularly within underserved rural communities. This study examines the effect of DFI on household consumption patterns and financial well-being in Shendam Local Government Area (LGA), Plateau State, Nigeria. Using a mixed-methods approach, data were collected from 400 rural households across four districts through structured questionnaires, interviews, and focus group discussions. Analytical techniques including descriptive statistics, chisquare tests, and regression models were employed to assess the relationships between DFI, income, education, household size, and employment status. Findings reveal that while awareness of digital financial services is moderate, actual usage remains limited due to low digital literacy, inadequate infrastructure, and affordability challenges. Notably, DFI exerts a negative direct influence on consumption, suggesting that access alone does not ensure financial improvement without adequate literacy and responsible usage. However, the interaction between DFI and income is positive and significant, indicating that digitally included higherincome households experience more diversified and stable consumption. The study further identifies disparities by age, gender, employment status, and household headship, with male-headed and self-employed households showing higher inclusion levels. It recommends financial literacy initiatives, gender-inclusive financial products, and expansion of agent banking networks to strengthen digital access and consumer protection. Overall, the study underscores DFI’s potential as a catalyst for inclusive rural development and supports progress toward relevant Sustainable Development Goals (SDGs) in Nigeria.
subject: Articles
  topic: section
subject: Digital Financial Inclusion
  topic: keywords
subject: Rural Livelihoods
  topic: keywords
subject: Household Consumption
  topic: keywords
subject: Financial Literacy
  topic: keywords
subject: Sustainable Development Goal
  topic: keywords
creator: Naziru Suleiman
creator: Umar Abubakar Saleh
creator: Ado Hamisu
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Nexus Between Audit Quality And Financial Reporting Quality Of Listed Insurance Company In Nigeria
type: item
description: This study investigated the nexus between audit quality and financial reporting quality among listed insurance companies in Nigeria over a twelve-year period (2012–2023). The target population consisted of 24 insurance firms listed on the Nigerian Exchange (NGX) as of December 31, 2023, out of which 18 were purposively selected based on the availability of complete data. Secondary data were extracted from the annual reports and accounts of the sampled firms. Employing a correlational research design, the study utilized multiple regression analysis to assess the data. The results revealed that audit independence exerts a positive and significant effect on financial reporting quality, thereby enhancing the reliability of financial statements. Conversely, audit type exhibited a negative and significant influence, indicating that the structural characteristics of the audit firm may shape reporting outcomes. Joint audits were found to have a positive and significant effect, contributing to enhanced credibility and reduced reporting errors. Similarly, audit tenure demonstrated a positive and significant impact, suggesting that longer auditor engagements foster a deeper understanding of company operations and thus improve reporting quality. Overall, the findings underscore the critical role of audit quality in strengthening financial reporting practices within Nigeria’s insurance sector. The study recommends that the independence of external auditors should be safeguarded and reinforced through robust regulatory frameworks to ensure credible and transparent financial reporting.
subject: Articles
  topic: section
subject: Audit Independence
  topic: keywords
subject: Audit Type
  topic: keywords
subject: Joint Audit
  topic: keywords
subject: Audit Tenure
  topic: keywords
subject: Relevance
  topic: keywords
creator: Isa Muhammad Dattijo
creator: Mohammed Bala INUWA
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Impact Of Foreign Aid On Economic Growth In Nigeria: Role Of Corruption
type: item
description: This study investigates the impact of foreign aid on Nigeria's economic growth, explicitly accounting for the moderating role of corruption. Despite decades of substantial aid inflows, Nigeria continues to face entrenched socio-economic challenges, raising critical questions about aid effectiveness. Employing the Autoregressive Distributed Lag (ARDL) model on annual data from 1993 to 2023, the findings reveal a weakly positive relationship between foreign aid and growth. Corruption exhibits a significant negative impact, confirming its role as a major impediment to development. Crucially, the interaction term between foreign aid and corruption is positive, suggesting that aid can foster growth even in a corrupt environment when coupled with oversight mechanisms. Contrary to theoretical expectations, Foreign Direct Investment (FDI) negatively impacts growth, likely due to its concentration in the extractive sector with limited local linkages. The study concludes that while foreign aid has a potential growth-enhancing effect, its efficacy is critically contingent on robust governance and anti-corruption measures. Policy recommendations are offered to strengthen institutions, diversify FDI, and enhance the efficiency of domestic investment to ensure external resources translate into sustainable economic development.
subject: Articles
  topic: section
subject: Foreign Aid
  topic: keywords
subject: Corruption
  topic: keywords
subject: Economic Growth
  topic: keywords
subject: Foreign Direct Investment
  topic: keywords
creator: Dimas Aliyuda
creator: Peter Anade
creator: Adamu Yahaya
creator: Ezekiel Elias Mijah
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Relationship Between Money Supply And Interest Rate In Nigeria 1990 – 2023
type: item
description: This study investigates the relationship between money supply and interest rate in Nigeria from 1990 to 2023. The specific objectives were to examine the pattern of money supply and interest rate, assess the effect of Narrow Money (M1) on interest rate, determine the impact of Broad Money (M2) on interest rate, and evaluate the direction of causality between money supply and interest rate. Using the Autoregressive Distributed Lag (ARDL) model and Granger causality tests, the results reveal a long-run relationship among broad money supply (BM), exchange rate (EXR), gross domestic product (GDP), inflation (INF), and interest rate (INR) at the 5% significance level. The ARDL estimates indicate a long-run positive relationship between broad money supply and interest rate (0.521919), consistent with the Irving Fisher effect, and a long-run negative relationship between narrow money supply and interest rate (-6.81E-08). Granger causality analysis shows that interest rate Granger-causes broad money supply, inflation Granger-causes exchange rate, and a bidirectional causality exists between interest rate and inflation. The study recommends a balanced expansion of broad money aligned with real sector productivity, targeted liquidity interventions via narrow money to reduce interest rates, coordinated interest rate inflation policies, and inflation control measures to enhance exchange rate stability.
subject: Articles
  topic: section
subject: Relationship
  topic: keywords
subject: Money Supply
  topic: keywords
subject: Interest Rate
  topic: keywords
creator: Alex Atsadu Ogbu
creator: Bakari Wadinga
creator: Adamu Jibrilla
creator: Adamu Yahaya
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Cryptocurrency And Digital Assets: Transforming The Financial Landscape
type: item
description: The rise of cryptocurrency and digital assets marks a transformative shift in the global financial ecosystem, driven by blockchain technology's ability to decentralize, enhance transparency, and improve efficiency. These innovations challenge traditional financial institutions and regulatory frameworks, reshaping how value is transferred and stored. This paper examines the core principles and technological foundations of cryptocurrencies and digital assets, exploring their potential to revolutionize financial systems while addressing issues of financial inclusion, cross-border transactions, and asset tokenization. Furthermore, it discusses the regulatory, security, and environmental challenges that accompany widespread adoption. By analyzing the evolving landscape, this study provides insights into how digital assets are poised to redefine the future of finance.
subject: Articles
  topic: section
subject: Cryptocurrency
  topic: keywords
subject: Digital assets
  topic: keywords
subject: Financial Landscape
  topic: keywords
subject: Blockchain technology
  topic: keywords
creator: Jamil Udah
creator: Saleh Atiku Dambatta Atiku Dambatta
creator: Prof. Kabiru Isa Dandago
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Effect Of Fuel Subsidy Removal On Standard Of Living Of Staff In Adamawa State University, Mubi
type: item
description: This study investigated the effects of fuel subsidy removal on the standard of living of academic and non-academic staff at Adamawa State University, Mubi. The objectives were to examine the extent of the impact on household expenditure, analyze changes across welfare indicators such as food, healthcare, transportation, children’s school fees, electricity, and water and sanitation, explore coping strategies adopted by staff, and assess the effectiveness of government and institutional cushioning measures. The study employed a survey research design, with data collected through a structured questionnaire administered to 386 staff members selected from both academic and non-academic categories. Descriptive statistics, including frequencies and percentages, were used to summarize the socioeconomic characteristics of respondents, while ranking techniques and inferential methods, including Structural Equation Modeling (SEM), were applied to establish relationships among constructs. Findings revealed that fuel subsidy removal significantly increased household expenditure across all welfare indicators, with the sharpest rise recorded in food, transportation, and healthcare costs. Respondents reported various coping strategies, including reducing household consumption, cutting back on transportation expenses, and seeking alternative income sources. Although government and university management provided cushioning interventions, such as wage awards, cash transfers, and subsidized transport services, these measures were rated as insufficient in addressing the magnitude of the hardship experienced. The SEM analysis further confirmed strong linkages between fuel subsidy removal and declining living standards, with cushioning measures offering only partial moderation of the adverse effects. The study concludes that fuel subsidy removal has imposed considerable economic pressure on university staff, substantially reducing their welfare. It recommends the introduction of sustainab…
subject: Articles
  topic: section
creator: Dauda Mohammed
creator: Godwin Boniface
creator: Danjuma Ahmad
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25

Exchange Rate Volatility And Inflation Dynamics In Nigeria
type: item
description: The study provided analysis of the effect of exchange rate volatility on inflation in Nigeria. The study used quarterly time series secondary data covering the period from 2000Q1 to 2023Q4. The study disaggregated the period into two to assess the extent of volatility for exchange rate during period of broad-based sustained growth (2000Q1- 2014Q4) and period when growth rates decreased (2015Q1-2023Q4) in Nigeria. The study employed statistical and econometrics techniques for data estimation and analysis. The study employed E-GARCH model to assess volatility clustering in exchange rate, generate a series for exchange rate volatility and examine the effect of exchange rate volatility on inflation in Nigeria for the period of the study. The study further employed Granger causality test to establish causal relationship among the variables of the study. The result obtained from E-GARCH model estimates indicated that, both ARCH coefficients and GARCH coefficients captured meaningful relationship between short-term past shocks and current volatility as well as long-term past and current volatility indicating time varying volatility of exchange rate persistence over the two periods studied with the persistence been higher in the period 2015Q1 to 2023Q4. The E-GARCH estimated model further indicated a positive and significant effect of exchange rate volatility on inflation. The period 2000Q1 to 2014Q4 have witnessed improved inflation performance against the period 2015Q1 to 2023Q4 by differential of 20%. The result of the estimated E-GARCH model however showed a mixed relationship for money supply, given that a negative effect of money supply on inflation is attained for the period 2000Q1 to 2014Q4 and a positive effect of money supply on inflation is attained for the period 2015Q1 to 2023Q4. The result obtained from granger causality indicated uni-directional causality from exchange rate (EXR) to inflation (INF), exchange rate (EXR) to money supply (M2) while bi-directiona…
subject: Articles
  topic: section
subject: Exchange Rate Volatility
  topic: keywords
subject: Inflation
  topic: keywords
subject: GARCH Model
  topic: keywords
creator: Victor Jeremiah
creator: Adamu Jibrilla
creator: Ezekiel Elias Mijah Elias Mijah
creator: Adamu Yahya
rights: Copyright (c) 2025
date: 2025-10-25
publication date: 2025-10-25