ADSU International Journal of Applied Economics, Finance and Management
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 structures, game theory, labour markets, welfare economics, economic growth, business cycles, inflation, unemployment, fiscal policy, international trade and finance, time-series, panel data analysis forecasting, poverty, inequality, human capital, microfinance, natural resource management, environmental policy, climate change economics, health economics, healthcare systems, health policy, cost-effectiveness analysis, Urban and regional economics, urbanization, regional development, housing, transportation economics, agricultural economics, agricultural policy, rural development, food security, food economics, food policy, supply chains, and nutrition economics. Tourism economics, economic impact of tourism, demand and supply of tourism, tourism policy, sustainable tourism, sport economics, economic impact of sports, sports finance, marketing, and policy. Industrial organization, market structure, competition, antitrust policy, and innovation. Labour economics, labour supply and demand, wage determination, employment, and labour mobility. Public economics, taxation, government spending, public goods, social insurance, and income distribution. International economics focusing on trade theory, policy, exchange rates, and globalization. Political economy covering governance, political behaviour, and institutional economics. Education economics covering the economics of education, policy, and human capital. . Law and economics analysing property rights and contract theory. History of economic thought exploring classical and modern economic theories. Energy economics examining energy markets and policy. Cultural economics covering the economics of arts, culture, and creative industries. Applied finance: Corporate finance including financial strategies, capital structure, dividend policy, and mergers and acquisitions. Investment analysis covering portfolio management, asset valuation, market analysis, and investment strategies. Financial markets research focusing on the functioning, efficiency, and regulation of stock, bond, and derivative markets. Risk management involving the identification, assessment, and mitigation of financial risks. Financial technology (FinTech) analysing technological innovations in finance, such as blockchain, cryptocurrencies, and digital banking. International finance examining exchange rates, global financial markets, international investment strategies, and the impact of global economic events. Behavioural finance exploring psychological factors influencing financial decision-making and market behaviour. Public finance involving taxation, government spending, public debt, and fiscal policy. Real estate finance covering property valuation, real estate investment, mortgage markets, and property management. Insurance and actuarial science focusing on risk assessment, insurance products, and financial planning for future uncertainties. Banking and financial institutions focusing on the role, regulation, and performance of banks and other financial entities. Personal finance involving budgeting, saving, investing, retirement planning, and wealth management. Corporate governance examining the systems, principles, and processes by which companies are directed and controlled. Financial ethics and regulation exploring ethical issues in finance and the impact of regulatory frameworks on financial practices. Applied management: Strategic management involving competitive strategy, strategic planning, and long-term direction for organizations. Organizational behaviour regarding the behaviour of individuals and groups within organizations, including motivation, leadership, and organizational culture. Human resource management focusing on recruitment, training, performance management, and the strategic role of human resources. Operations management covering the efficient production and delivery of goods and services, supply chain management, and process optimization. International business examineing global business strategies, cross-cultural management, and the challenges of operating in diverse international markets. Entrepreneurship and innovation focusing on the creation and growth of new ventures, innovation management, and the entrepreneurial ecosystem. Corporate governance investigating the systems, principles, and processes by which companies are directed and controlled. Marketing management including market research, consumer behaviour, branding, and digital marketing strategies. Project management involving the planning, execution, and control of projects, including methodologies and tools for successful project delivery. Information systems management focusing on the use of information technology to improve business processes and decision-making. Quality management covering quality control, quality assurance, and continuous improvement processes. Change management involving strategies and approaches for managing organizational change and transformation. Financial management including budgeting, financial planning, investment analysis, and financial control. Knowledge management focusing on the creation, sharing, and utilization of knowledge within organizations. Innovation management exploring the processes and practices that foster innovation and creativity within organizations. Editorial Standards The journal upholds rigorous peer-review standards to ensure the publication of high-quality and impactful research. Manuscripts are evaluated based on originality, relevance, methodological rigor, and clarity of presentation. The editorial board comprises esteemed scholars and practitioners from around the world, bringing diverse perspectives and expertise to the review process. Audience The journal targets a broad audience including academics, researchers, practitioners, policy-makers, and students who are interested in the practical applications of economic theories, financial strategies, and management practices. It serves as a valuable resource for those seeking to understand the complexities of the global economy and to apply this knowledge in various professional contexts. Publication Frequency The ADSU International Journal of Applied Economics, Finance and Management is published biannually, ensuring a regular flow of high-quality research to its readership. Access and Distribution The journal is committed to broad dissemination of its content and supports open access to ensure that research findings are accessible to a wider audience without financial or technical barriers. This approach enhances the journal’s reach and impact across the global academic and professional communities.
Agricultural Credit, Government Spending And Agricultural Productivity In Nigeria: An Empirical Analysis
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.
An Analysis Of The Determinants Of Household Biomass Energy Demand And Willingness To Pay For Improved Energy Source In Michika LGA
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 facilitate equitable and reliable access to improved energy sources in Michika LGA.
Effect Of Monetary Policy And Financial Technology On Stock Market Performance In Nigeria
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
Autoregressive Distributed Lag (ARDL) Model
Role Of Microfinance Banks On Youth Entrepreneurial Intention: The Mediating Effect Of Entrepreneurial Self-Efficacy In Yola Metropolis, Adamawa State, Nigeria
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 direct mediator. It is recommended that policymakers and stakeholders prioritize microloan schemes and effective entrepreneurial training programs to enhance youth entrepreneurial activities and address unemployment challenges.
Work-Life Balance And Employee Engagement Among Private Hospitals In Minna, Niger State
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.
Assessing Digital Financial Inclusion And Rural Livelihoods In Shendam Local Government, Plateau State: Prospects For A Sustainable Digital Transformation
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.
Nexus Between Audit Quality And Financial Reporting Quality Of Listed Insurance Company In Nigeria
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.
Impact Of Foreign Aid On Economic Growth In Nigeria: Role Of Corruption
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.
Relationship Between Money Supply And Interest Rate In Nigeria 1990 – 2023
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.
Cryptocurrency And Digital Assets: Transforming The Financial Landscape
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.
Effect Of Fuel Subsidy Removal On Standard Of Living Of Staff In Adamawa State University, Mubi
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 sustainable and broad-based social protection programs by government and institutions, capacity building for staff to diversify income, and continuous stakeholder engagement to ensure that welfare considerations are prioritized in future policy reforms.
Exchange Rate Volatility And Inflation Dynamics In Nigeria
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-directional causality between exchange rate volatility (EXRV) and exchange rate (EXR). On the bases of these findings, the study recommended for diversification of the economy to enhance greater integration of the economy into the global market, and government should commit more investment in infrastructure projects.
Impact Of Boko Haram Insurgency On Migrants’ Poverty Level In Southern Borno, Nigeria: A Study Of Some Selected Local Government Areas
This study investigates the impact of Boko Haram insurgency on the poverty levels of internally displaced persons (IDPs) in Southern Borno, Nigeria, with a focus on selected Local Government Areas (LGAs). The research was informed by the challenges experienced by the IDPs over the long period of insurgency within the region with most of them losing their means of livelihood thereby, reinforcing their poverty level. Mixed method was deployed where a cross sectional survey was adopted to collect data for the quantitative data and Focus Group Discussions (FGDs) was used to collect qualitative data. Both descriptive and inferential statistics were used to analyze the quantitative data. While as, thematic analysis was used for the qualitative data. The research reveals the profound socio-economic challenges faced by IDPs, including a significant reduction in income, with the average monthly income dropping from ₦103,426.81 (before displacement) to ₦55,650 (after displacement), highlighting severe economic vulnerability. The findings show an increased reliance on external support from Non-Governmental Organizations (NGOs), government agencies (NEDC, NEMA, SEMA), and faith-based organizations, as well as assistance from host and neighboring communities. Vulnerabilities related to climate change, household dependency, educational attainment, and limited adaptive capacity were also identified as major contributors to the poverty levels among IDPs. The study emphasizes the need for targeted interventions, including economic support programs, vocational training, climate adaptation strategies, infrastructure development, and strengthened policy frameworks to mitigate the negative effects of displacement and improve the livelihoods of affected populations.
Impact Of Exchange Rate Volatility And Inflation on Economic Growth In Nigeria
This study investigates the impact of exchange rate volatility and inflation on economic growth in Nigeria over the period 1986 to 2023. Annual time series data were obtained from the World Bank Development Indicators (WDI). The study employed the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration, alongside short-run and long-run estimations. The findings reveal evidence of a long-run relationship among the variables. In the short run, inflation exerts a negative and statistically significant effect on economic growth, while exchange rate volatility also shows an adverse impact, though largely insignificant in the long run. Foreign direct investment (FDI) exhibits mixed effects, being negative in the current period but positive at lagged levels, whereas interest rate demonstrates an insignificant influence. the study recommends that policymakers adopt coordinated monetary and exchange rate management strategies to curb inflationary pressures, stabilize exchange rate fluctuations, and create a more conducive environment for sustainable growth and investment inflows.
Audit Characteristics And Financial Reporting Quality: Evidence From Listed Non-Financial Companies In Nigeria
This study examines the effect of audit characteristics on the financial reporting quality of listed non-financial companies in Nigeria, focusing on how audit firm size, auditor type, audit tenure, joint audit, and audit committee independence influence the credibility and transparency of corporate financial reports. Using a causal (explanatory) research design with a quantitative approach, the study analyzed secondary data from the audited annual reports of 53 non-financial firms listed on the Nigerian Exchange (NGX) between 2012 and 2022. Panel data regression techniques, including fixed and random effects models, were employed, and diagnostic tests were conducted to ensure model adequacy and reliability. The results reveal that audit firm size, auditor type, and audit committee independence have positive and statistically significant effects on financial reporting quality, indicating that larger and more reputable audit firms and independent audit committees promote transparency and enhance reporting credibility. Conversely, joint audit has a negative and significant effect, suggesting coordination inefficiencies among multiple auditors, while audit tenure is positive but statistically insignificant, implying that the length of the auditor–client relationship exerts limited influence on reporting outcomes. Based on these findings, the study recommends that the government, through the Financial Reporting Council and Securities and Exchange Commission, strengthen audit regulations by enforcing stricter standards on auditor independence, firm rotation, and transparency to align with international best practices. Companies should engage reputable audit firms and maintain independent, competent audit committees, while non-governmental organizations should collaborate with professional audit bodies to promote awareness, training, and advocacy that enhance ethical compliance. Collectively, these measures will foster transparency, integrity, and accountability in Nigeria’s financial reporting environment.
Impact Of Government Agricultural Policy On Agricultural Output In Nigeria: The Role Of Institutional Quality
This study investigates the impact of government agricultural policy on agricultural output in Nigeria from 1980 to 2023, utilizing the ARDL model. The focus was on agricultural credit guarantee schemes, agricultural lending rates, government agricultural expenditure, and institutional factors such as corruption control, political stability, and rule of law. The result shows, In the short run, agricultural credit guarantee schemes, agricultural lending rates, and government agricultural expenditure showed no significant effects on agricultural output. However, institutional factors such as corruption control, political stability, and rule of law displayed marginally significant positive effects, suggesting that better governance enhances the effectiveness of agricultural credit schemes and improves agricultural output. In the long run, agricultural credit guarantee schemes showed a marginally significant positive impact on agricultural output, with a coefficient of 0.224, while agricultural lending rates had a marginally significant positive effect of 0.182, although both effects were relatively weak. Government agricultural expenditure, despite being positive, had no significant long-term impact. The result also indicates that, the interaction of Corruption control, political stability, and rule of law with agricultural credit guarantee schemes had significant long-run effects on agricultural output, with coefficients of 0.654, 0.752, and 0.663, respectively. The study therefore, recommends that, efforts to reduce corruption, improve political stability, and strengthen the rule of law should be prioritized to create a conducive environment for agricultural growth.
Socio - Economic Effect Of Drugs And Substance Abuse In Adamawa North Senatorial District
The increased insecurity in urban cities lead to the study on socioeconomic effect of drug and substance abuse in Mubi North and South and Maiha Local Government Area of Adamawa State. Primary data with closed ended questioner was used to collect data from 373 respondents; the data were analyzed using Descriptive statistics and Ordinary Least Square Method (OLS). The study shows that single male that falls from the age bracket of 26-35 engage more on drugs and substance abuse, CRIME, YIND,KINDD and EFFD are statistical significant at 5% in Mubi North, EFFD, KINDD and YIND are statistical significant at 5% in Mubi South and CRIME,YIND and EFFD are statistical significant at 5% in Maiha. The study recommend that; Government should give more attention to individuals that falls from the age bracket of 25 – 40 by engaging them with skill acquisition program that will be able to put food on their tables. The Government, religious leaders and families should educate Individual about the risk and consequences of drug and substance abuse, this is essential because it will help reduce crime rate, violence and unproductivity.
Impact Of Irrigation Farming On The Socioeconomic Status Of Households In Adamawa State, Nigeria
This study investigates the impact of irrigation farming on the socioeconomic status of rural households in Adamawa State, Nigeria. Using a sample of 375 respondents drawn from Demsa, Fufore, Numan, and Yola North Local Government Areas, data were collected through structured questionnaires, interviews, and field observations. Analytical tools included descriptive statistics and ordered logit regression models. Findings show that irrigation farming significantly improves household income, educational attainment of farmers’ children, and food security. Key determinants of benefits include land size, access to irrigation infrastructure, farming experience, and educational level of household heads. The study concludes that irrigation farming reduces rural poverty, enhances resilience, and strengthens livelihoods. It recommends strategic investments in irrigation infrastructure, capacity building for farmers, and innovative financing models tailored to irrigation adoption.
Impact Of External Debt On Economic Growth In Nigeria: Role Of Institutional Quality
The impact of foreign debt on Nigeria's economic development is empirically examined in this research, contingent on the function of institutional quality. The goal of the research is to assess the impact of foreign debt on economic development objectively. We utilized secondary data from the International Risk Guide and the World Development Indicators. Autoregressive Distributed Lag analysis was used to examine the data (ARDL). According to the research, Nigeria's economic growth, foreign debt, currency rate, capital flight, gross capital creation, and external debt-corruption all have long-term equilibrium relationships. The results showed that external debt (LEXD) has a beneficial effect on Nigeria's economic development in the medium and long term, whereas external debt-corruption (LEXD*COR) has a negative effect that is statistically significant at the 5% level of significance. Furthermore, at the 5% level of significance, the paired Granger causality test showed that economic growth (LGDP) does not granger cause external debt (LEXD), but external debt (LEXD) granger causes GDP. Among other things, the report suggests that the Federal Government borrow money in accordance with the Fiscal Responsibility Act. This is crucial because it will prevent the government from going over the loan cap and assist guide government financing toward appropriate investments. When it comes to loan acquisition, disbursement, and project execution, the government should bolster public institutions and implement strong anti-corruption policies.
Omofa Moses Niyi Gbenga Omofa Moses Niyi Gbenga
Impact Of Export Expansion Grants And Naira Devaluation On Nigerian Balance Of Payment: ARDL Approach
The study examines the impact of Export Expansion Grants (EEGs) and Naira devaluation on Nigeria's Balance of Payments (BOP) using annual time series data from 1986 to 2024, employing the Autoregressive Distributed Lag (ARDL) model. The findings reveal significant BOP fluctuations due to inconsistent trade performance and volatile monetary conditions, with export expansion grants and currency devaluation exhibiting mixed long-run effects. While trade balance negatively impacts BOP, interest rates and exports contribute positively, and currency devaluation helps counter short-term depreciation concerns. The error correction term (-0.4325) confirms that deviations from equilibrium are corrected at a rate of 43% per year. Based on these findings, the study recommends that Nigeria implement policies promoting non-oil exports through targeted incentives, access to finance, and support for value-added production to enhance foreign exchange inflows; adopt measures to manage currency volatility, ensuring devaluation policies are complemented by interventions that prevent excessive short-term shocks while improving long-term competitiveness; invest in infrastructure, modernize ports, improve logistics, and support industrial capacity to reduce inefficiencies in trade and production; and align short-term interventions, such as export expansion grants, with broader monetary and fiscal policies to maximize effectiveness, reduce delays, and maintain long-term external sector stability.
Idris Ahmad Hamman Gella Idris Ahmad Hamman Gella
Effectiveness Of Monetary Policy Tools In Controlling Inflation In Nigeria (1981-2024)
The study evaluated the effectiveness of monetary policy tools in controlling inflation in Nigeria using time series data from 1981 to 2024. It examined the impact of the monetary policy rate on the exchange rate, its effect on inflation, and the causal relationship between money supply and inflation. Employing the Autoregressive Distributed Lag (ARDL) model and the Granger causality test, the unit root tests (ADF and PP) confirmed different degrees of integration, while the Bound Test validated long-run relationships. The Error Correction Model (ECM) indicated that inflation adjusts toward equilibrium at a rate of 37% per year, with past liquidity expansion contributing to current inflation. The findings revealed that money supply, monetary policy rate, liquidity ratio, and GDP significantly influence inflation, with money supply increasing inflation, while the monetary policy rate and GDP help reduce it in the long run. However, structural constraints limit the effectiveness of monetary policy, necessitating broader economic reforms. Based on the findings, the study recommends ensuring close collaboration between monetary and fiscal authorities to align policies and improve inflation control; managing liquidity through targeted monetary measures to prevent excessive money supply from fueling inflation; investing in key sectors and improving productivity to reduce supply-side constraints and stabilize prices; and maintaining transparency, consistent communication, and central bank independence to anchor inflation expectations and improve policy effectiveness.
Effect Of Solar Energy Adoption On The Performance Of SME’s In Adamawa Northern Senatorial Zone (A Comparative Study)
This study investigates the effect of solar energy adoption on the performance of Small and Medium Enterprises (SMEs), across the selected markets in the Adamawa Northern Senatorial Zone of Nigeria (A Comparative Studies). Using a mixed-methods approach, the research collected quantitative data from SME operators and analyzed it through spatial regression, ANOVA, and correlation techniques to assess performance impacts, influencing factors, and income outcomes. Findings reveal that the adoption of solar energy serves as a key differentiator for business success among SMEs in the Adamawa Northern Senatorial Zone. The main factor influencing SMEs' adoption of off-grid solar technology is financial constraint particularly the high cost of installation and limited access to financing followed by their specific energy consumption needs. Solar energy contributed to notable improvements in business performance, including increased productivity (38.9%) and reduced operational costs (26.7%), with adopters reporting an average income growth of 15–25% and energy cost savings of 20–30%. Statistical analysis confirms that the type of solar system, year of adoption, and business size are key predictors of performance improvement, while the correlation between solar adoption and business outcomes was especially strong among recent adopters (ρ = 0.88–0.92, p < 0.01). The study concludes that off-grid solar energy adoption significantly enhances the operational efficiency, financial sustainability, and income of SMEs, particularly when supported by targeted policies, accessible financing, and ongoing awareness campaigns. It recommends integrated policy frameworks, financial interventions, and continued monitoring to optimize solar adoption for broader economic development
The study examined the effect of financial technology and monetary policy on stock market performance in Nigeria. Secondary data covering the period from 2000 to 2023 were used for the study. The study employed Autoregressive Distributed Lag Model (ARDL) Bound test technique to examine long-run relationship and effect of financial technology, monetary policy rate, broad money supply and inflation on stock market performance in Nigeria. The ARDL Bound test confirmed that, there is long-run relationship among the variable of the study. The estimated ARDL model revealed that monetary policy rate (MPR) and inflation (INF) have significant negative effect on stock market performance in Nigeria as a unit increase in MPR and INF reduced stock market performance in Nigeria by about 72% and 15% respectively. The long-run coefficient of the estimated ARDL model revealed that; financial technology (NIP) has positive and significant effect on stock market performance in Nigeria as a unit increase NIP increase stock market performance in Nigeria by about 42%. In line with the findings, the study recommended for the Fintech companies to prioritize data privacy, consent, and fairness in algorithmic decision-making to avoid biases and discrimination. Striking the right balance between innovation and ethical practices is essential for the long-term success and sustainability of the fintech industry. Central Bank of Nigeria should ensure effective monetary policy transmission mechanism that will enhance the performance of the capital market, maintain a stable money supply growth that is consistent with increased activities in the Nigerian stock market and promote policies that will ensure price stability in the economy.
Assessment Of The Supply Value Chain Of Cocacola Company And Its Socioeconomic Effects On The Rural Economy Of Adamawa North Senatorial District
This paper examines the supply value chain of the Coca-Cola Company and its socioeconomic effects on the rural economy of Adamawa North Senatorial District, Nigeria. Using a cross-sectional survey design, data were collected from 370 respondents across three local government areas (Mubi North, Mubi South, and Michika). Both descriptive statistics and regression models were applied to analyze the data. The findings reveal that Coca-Cola’s supply chain significantly contributes to job creation, business opportunities, and improved household income, particularly among youths and small-scale traders. However, challenges such as poor road networks, high transportation costs, unstable product supply, and inadequate storage facilities persist. Despite these obstacles, Coca-Cola’s operations enhance local economic development by supporting retailers, wholesalers, and transporters. Regression results show statistically significant positive impacts of Coca-Cola’s supply chain on income growth and socioeconomic well-being. The study concludes that while Coca-Cola’s presence has stimulated rural livelihoods, addressing infrastructural and distributional inefficiencies would maximize its benefits. It recommends targeted investment in logistics infrastructure, expansion of distribution networks, and stronger engagement with micro-retailers and local communities.
Faisal Shamsu Ajumawa Faisal Shamsu Ajumawa
Assessment Of The Impact Of Water Scarcity And Sanitation On Public Health Outcome In Mubi North Local Government Areas
This study examines the impacts of water scarcity and inadequate sanitation on public health outcomes in Mubi North Local Government Area of Adamawa State, Nigeria. Employing a cross-sectional survey design, data were collected through structured questionnaires, interviews, and observations to assess the relationship between water access, sanitation practices, and health status. Binary logistic regression analysis revealed that access to improved water sources (Exp(B) = 1.963, p < 0.031), sanitation facilities (Exp(B) = 1.796, p < 0.000), and hygiene practices (Exp(B) = 1.708, p < 0.002) were statistically significant predictors of better health outcomes, highlighting the vital role of WASH infrastructure in disease prevention. In contrast, education and income showed no significant association with health status in the study area. Model diagnostics confirmed reasonable fit, with the Hosmer and Lemeshow Test indicating reliable predictions, though classification accuracy was stronger for unselected cases (76.05%) than selected ones (58.7%). The study concludes that addressing water scarcity and inadequate sanitation through targeted interventions is essential for improving public health in rural communities. It recommends that government and development partners expand water supply infrastructure to ensure reliable access to safe water, local authorities promote improved sanitation facilities, and health agencies and NGOs intensify community-based hygiene education campaigns. Furthermore, policymakers should mainstream WASH programs into public health strategies, while local communities should be actively engaged in designing and maintaining interventions to ensure sustainability and long-term impact
An Assessment Of The Socio- Economic Determinant Of The Demand For Land In Adamawa State: A Case Study Of Mubi North Local Government Areas
This study assesses the socio-economic determinants of land demand in Adamawa State, focusing on Mubi North Local Government Area. The specific objectives were to analyze how household income, occupation, and education level influence land demand; to assess the impact of household size, gender, and access to credit on individuals’ ability to acquire land; and to examine how land price, land availability, access to infrastructure, and tenure status influence land demand in the study area. Primary data were collected from 400 respondents using a structured questionnaire, and multiple regression analysis was applied to identify key determinants. The results revealed that land price had a positive and significant relationship with land demand (B = 0.021, p < 0.043), indicating speculative land acquisition trends. Infrastructure access also showed a positive and significant effect (B = 0.015, p < 0.048), while access to credit had a negative influence (B = 0.014, p < 0.039), suggesting a misalignment between credit use and land acquisition. Based on these findings, the study recommends: policymakers and financial institutions should design credit schemes that encourage households to invest in land acquisition and productive assets rather than primarily for consumption or informal trade; government agencies should implement policies to ensure transparency and stability in the land market, preventing speculative practices that may distort land demand and affordability; improving access to roads, electricity, water, and other essential infrastructure will increase land desirability and stimulate investment in residential, commercial, and agricultural land, efforts should be made to educate landowners and prospective buyers on secure land tenure practices to boost confidence in land investments and support sustainable land market growth.
Impact Of Renewable Energy Consumption On Economic Growth In Nigeria
This study examined the impact of renewable energy consumption on economic growth in Nigeria from 1990-2022. The data for this study were obtained from World Bank Development Indicators, the Central Bank Statistical Bulletin, and the World Carbon Budget. The study Non-linear Autoregressive Distributed Lag (NARDL) model. The NARDL Wald test result shows that an asymmetric relationship exists between renewable energy consumption and economic growth in the long run. The short-run and long-run results for the NARDL revealed that both the positive and negative changes in renewable energy consumption are significant at a 5% significance level. Still, the positive change exhibited a positive relationship between renewable energy consumption and economic growth, while the negative change exhibited a negative relationship. Also, the long-run results revealed that positive change is significant while negative change is not. It was observed that the impact of positive change is negative while that of negative change is positive, as shown in their respective coefficients of -0.526016 and 0.184204, respectively. Based on the findings, the study recommended that the government, policymakers, and all stakeholders in the energy sector support policies that will help increase the consumption of renewable energy in the country.
non-linear autoregressive distributed lag
Ndigefa Ernest Johnson Ndigefa Ernest Johnson
Analysis Of Insecurity Impact On Rural Women Participation In Crop Production In North-East, Nigeria
This study analyse the impact of insecurity on the participation of rural women in crop production North-East, Nigeria, with the sole aim of focusing on the severity of insecurity challenges particularly insurgency, which disrupted agricultural activities across the farm area and to highlight areas they may require policy intervention for improvement. Purposive, snowball, and simple random sampling method was employed for the selection of 403 respondents with the aid of well-structured questionnaire along with interviews. The data were analysed using probit model. The results revealed that insecurity affects rural women participation significantly. Where annual income has a positive and statistically significant at (p<0.005). This means that an increase in the frequency of insecurity attacks will reduce rural women's participation significantly, pseudo R2 of 0.221 and log likelihood indicating that 214.119, the model had best fit for the data. The study therefore recommend policy maker should developed security strategy to mitigate incessant attack, this can only be successful when concerted effort by community leader, stakeholder NGOs and government.
Muhammad R. Ja‟afar-Furo Muhammad R. Ja‟afar-Furo
Sustainable Finance And Green Economy: Pathways To Environmental And Economic Resilience
This study investigated sustainable finance and green economy as pathways to environmental and economic resilience. This arose from the increasing urgency to address climate change and environmental degradation which has spurred significant interest in sustainable finance and the green economy. Given this, the paper explores the interconnections between sustainable finance, green economy principles, and their combined potential to foster environmental and economic resilience. This study utilized descriptive statistics methods including tables and graphs to demonstrate how green economy and sustainable policies shaped the path for the realization of economic and environmental resilience using retrospective data and case studies of other countries. By examining policy frameworks, financial instruments, and case studies, this research outlines effective pathways to integrate sustainable practices into economic systems, driving long-term sustainable development.
Momoh Muhammad Kabir, O. Momoh Muhammad Kabir, O.
Impact Of Green Economy On Poverty Reduction In Nigeria
This study examined the impact of green economy on poverty reduction in Nigeria. Quantitative approach was adopted using data on per capita income (dependent variable), renewable energy consumption, arable land cultivation and access to renewable energy (independent variables). The data were analyzed using Auto-regressive Distributed Lag approach. The result revealed that renewable energy consumption negatively affected per capita income in both short and long run periods. The effect was only significant in the long run. Arable land cultivation also affected per capita income negatively with the effect becoming significant only in the long run while access to renewable energy was the only variable that had a positive effect on per capita income in both short run and long run. The study concluded that the green economy in Nigeria has not been adequately utilized for enhancing the living standards of the people. Nigeria has a growing access to renewable energy but the actual consumption of renewable energy showed inverse relationship with per capita income which is an indication of non-usage of renewable energy which may have been propelled by low infrastructure and other externalities. It was recommended that government and individuals need to protect arable lands for cultivation, as well as improve the actual utilization of renewable energy by providing renewable energy infrastructure which is one aspect of the green economy that can enhance the income prospects of households.