Akinyemi Ajibola

Bells University of Technology · Department of Economics

This study analysed energy consumption and climate change in SSA to validate the Environmental Kuznet Curve (EKC) theory. This study included multiple econometric tests, Autoregressive Distributed Lagged model (ARDL), Fully Modified Ordinary Least Squares (FMOLS) regression analysis and Granger Causality Test. In the Long run, Gross Domestic Produc...

Many efforts have been made in recent years to increase small and medium-sized performance in the Nigerian economy. Despite the efforts and investments, SME's are still on the chase towards improved growth level. It is important to address this because Micro, Small and Medium Enterprises (MSME's) employ approximately 84.02% of the total workforce,...

The study investigates food security in Africa and utilises secondary data sourced from the World Data Banks from 1980 to 2019 on ten African countries; Angola, Central African Republic, Cote D'Ivoire, Cameroon, Egypt, the Gambia, Ghana, Kenya, Nigeria, and South Africa selected using the convenience sampling technique. The objectives of the study...

Despite the fact that past empirical studies have reported that numerous factors affect the performance of SMEs in Nigeria, yet power supply, which is the strategic driver of economic activities and its spillover effects on the performance of SMEs in Nigeria has not been fully investigated in the country. Against this backdrop, this study examined...

The study investigates food security in Africa and utilises secondary data sourced from the World Data Banks from 1980 to 2019 on ten African countries; Angola, Central African Republic, Cote D'Ivoire, Cameroon, Egypt, the Gambia, Ghana, Kenya, Nigeria, and South Africa selected using the convenience sampling technique. The objectives of the study...

The study examined the customers/banker's relationship and bank performance in Nigeria: An appraisal of Bank services. The specific objectives are Customer demand, Information technology, banker/customer, bank services and bank performance. Primary data were sourced through the use of a structured questionnaire while one hundred and twenty question...

This study examined the impact of stock market development on foreign direct investment inflow to Nigeria using secondary time series data from 1981 to 2019. The study employed the Augmented Dickey Fuller unit root test, Granger causality test, Johansen co-integration test and Error correction model regression. The results of Granger causality reve...

This study carried out an empirical investigation on the impact of minimum wage and inflationary pressure on youth unemployment in Nigeria from 1991 to 2019 using the Autoregressive Distributed Lag method to estimate the multiple regression model. The model captured the impact of Inflation, GDP Growth Rate, FDI, Government Expenditure, and Minimum...

The study examines the dynamic interaction between foreign debt, foreign direct investment (FDI) and economic growth in Nigeria. The aim of the study is to offer empirical proof of the current type of relationship between Nigeria's external debt, foreign direct investment and economic growth. In this study, secondary data from 1980 to 2016 was used...

The study examined the impact of electricity supply on economic diversification in Nigeria, using time series data from 1981 to 2016. The study employed descriptive analysis and Autoregressive Distributed Lag (ARDL) techniques. The Augmented Dickey-Fuller unit root test showed that the variables are integrated of different orders. The result from t...

The study empirically examined poverty and inequality in Nigeria with respect to its implications for inclusive growth from 1980 to 2013. Unidirectional causality was found from Poverty (POV) to Growth Rate of Gross Domestic Product (GGDP); ......

Given the conflicting nature of empirical findings on the impact of foreign direct investment on economic growth in developing economies to date, this research explored the growth impact of the sectoral flow of FDI in Nigeria an aspect largely neglected in the existing literature. The study examined the sectoral impact of FDI in manufacturing, mini...

This study examined the extent to which monetary policy has influenced export diversification in Nigeria for the period 1962 to 2014. The study employed descriptive and ordinary least squares techniques. The descriptive analysis revealed that the diversification exercise in Nigeria can only be expressed as average. The regression estimate showed th...

This study examined the impact of capital structure on financial performance of quoted manufacturing firms in Nigeria over the period 2005-2014. Panel methodology was applied to analyse the impact of capital structure on financial performance of quoted manufacturing firms in Nigeria. The findings of the panel ordinary least square show that a posit...

This study examined the extent to which monetary policy has influenced export diversification in Nigeria for the period 1962 to 2014. The study employed descriptive and ordinary least squares techniques. The descriptive analysis revealed that the diversification exercise in Nigeria can only be expressed as average. The regression estimate showed th...

This study examined the trend between entrepreneurship, unemployment and economic growth over the period 1981-2011. The study adopts secondary data as a source of data. Data for the purpose of this study was gleaned from CBN Statistical Bulletin and National Bureau of Statistics (NBS) in Nigeria. This study made use of a descriptive and econometric...

The study investigated the effects of road transport infrastructure on agricultural sector development in Nigeria from 1985 to 2014, using secondary annual time series data on agricultural development (proxy by gross domestic product in the Agric sector) road transport infrastructure (proxy by length of paved road per square kilometer of area) expo...

The study examined the trend of the exchange rate, oil revenue and economic growth, in Nigeria from 1981 to 2015. This research also seeks to determine the impact of exchange rate fluctuations and oil revenue on economic growth in Nigeria on the basis of annual data from 1981 to 2015. Secondary data was used in this study from 1981 to 2015. Relevan...

This study empirically examined the nature and direction of causality between electricity demand- supply gap and government spending in the electricity sector as well as the impact of government spending on the electricity demand-supply gap from 2000 – 2014. The descriptive statistics revealed that government spending in the electricity sector is m...

The study examined the impact of electricity consumption on inclusive growth variables viz; unemployment and poverty with time series data from 1980 to 2012. Aggregate electricity consumption was divided into consumption by sectors (residential, industrial and commercial). Using the pairwise granger causality test the study observed a bi-directiona...

This study applies the growth accounting framework of the Cobb-Douglass production function to explain the dynamic interaction between residential and industrial electricity consumption on economic growth in Nigeria from 1980-2010. The study employed the both Augumented Dickey-Fuller and Pillips Perron unit root test, Johansen Co-integration test,...

The study investigated the contributions of foreign remittances on economic growth in Nigeria from 1980 to 2016, using the Vector error correction modelling (VECM) technique to analyze the long run and short run impact of disaggregated remittances that is Migrants 'Remittances and Workers' Remittances to find out whether they will perform different...

ABSTRACT The study examined the impact of electricity consumption on inclusive growth variables viz; unemployment and poverty with time series data from 1980 to 2012. Aggregate electricity consumption was divided into consumption by sectors (residential, industrial and commercial). Using the pairwise granger causality test the study observed a bi-d...

This is a work in progress on Sectoral Output Growth And Employment Generation in Nigeria as A Solution to Inclusive Growth

The study empirically examined the relationship among oil price, exchange rate and non-oil export in Nigeria using a Structural Vector Auto-Regressive (SVAR) model for the periods 1986Q1 to 2011Q4. the study observed that innovations in international oil price resulted in appreciation of the domestic exchange rate, while innovations to exchange rat...

This paper examined the long-run and short-run relationship between gasoline price and sectoral output in Nigeria for the period from 1980 to 2010. Six sectors (agriculture; manufacturing; building and construction; wholesale and retail; transportation and communication) of the economy were examined. The long run regression estimate showed that gas...

This study examined the nexus between oil price and exchange rate; and between oil price volatility and exchange rate volatility using quarterly data for the period spanning 1986 to 2010. The study employed the Johansen-Juselisus co-integration and pairwise granger causality techniques. The co-integration test showed no evidence of a long run relat...