Andy Titus Okwu

• PhD
• Professor (Associate) at Babcock University

This study evaluates the critical role of foreign portfolio investment (FPI) in enhancing the liquidity and efficiency of Nigeria's capital markets from 1993 to 2023. FPI plays a pivotal role in broadening the spectrum of viable financing opportunities by promoting market depth and expansion. This analysis, utilizing an ex-post facto research desig...

One of the United Nation's Sustainable Development Goals (SDGs) is eradication. In line with this, governments of sub-Saharan African (SSA) countries and international agencies have taken various poverty-reducing initiatives like financial inclusion and institutional reforms, social reengineering and humanitarian interventions. This study examined...

Purpose: Accounting information asymmetry increases moral hazard, agency costs, shareholders’ discontent, and further aggravates the discomfort of minority shareholders. As such, how far is so far when connecting information disclosure with firm characteristics has remained a debate. This study thus investigated the nexus between firm characteristi...

The governments of Sub-Saharan African (SSA) countries and international organizations have undertaken a variety of undernourishment-targeting initiatives, such as financial inclusion, humanitarian interventions, social reengineering and institutional changes, in line with the United Nations' top priority of eradicating undernourishment as articula...

In this study, we estimated the short-run and long-run effect of terms of trade, trade openness, and government spending in Nigeria from 1981 to 2019. Data for this study was sourced from the World Bank's World Development Indicators (WDI), Central Bank of Nigeria's (CBN) Statistical Bulletin, and FRED Economic Data. Using the ARDL estimation metho...

Labour productivity is a vital economic indicator that is closely linked to competitiveness, economic growth and living standard within an economy. It provides the general information about efficiency and quality of human capital in the production process. This study examined the effects of gender employment and wage disparities on sectoral labour...

We estimated the effect of inward and outward remittances on welfare using data on 17 SSA countries from 2005 to 2019, with welfare proxied as consumption. Previous studies on remittances had tended to be focused more on the effect of inward remittances on macroeconomic variables, while few that considered inward and outward remittances were single...

We estimated the effect of the GFC on remittances into 8 SSA countries from 1999 to 2019 using the Fixed Effects (FE) model. Results showed that the GFC had a positive and significant effect on remittances. Per capita income of migrant home country exerted a negative but insignificant effect on remittances, while per capita income in remittance sou...

Purpose: Comparable data on distribution of family income provide reference point for determining economic performance of any country, opportunity to assess effects of income inequality and poverty drivers that are either country-or region-specific. This study analysed the effectiveness of composite indices of public spending on family benefits, l...

The recent economic recession in Nigeria was manifested shortly after the successful democratic-to-democratic transmission of political power in 2015, against the backdrop of continental and global economy rankings of the country as the largest in Africa, and 24 th in the world as at 2014. Based on relevant variables of datasets from 1981 to 2016,...

Oil export constitutes the major source of external revenue, and exchange rate determines the naira amount of the revenue and, thus, is perceived to affect aggregate consumption expenditure in the Nigeria. This paper employed Nonlinear ARDL approach to examine the short-run and long-run asymmetric effects of oil export earnings and exchange rate on...

Investment expenditure is a major component of aggregate macroeconomic variables in any economy, irrespective of the development status. This article employed relevant econometric methodology on panel data environment to analyze the effects of foreign direct investment (FDI) inflows on economic growth of 30 leading global economies during the perio...

Organisations’ customers are the greatest asset they have to remain sustained and to retain these customers, effective sales promotion is required to push company’s products and services to various customers at satisfaction with view of making profit. However, some organisations especially those in consumable goods pay little attention to customers...

Appropriate policy initiatives to sustain the reversal of the downturn recently experienced in Nigeria, and proactive measures capable of forestalling future re-occurrence require hindsight knowledge of time series values of real gross domestic product as a basis for projecting the possible output growth of the country in the years ahead. This pape...

Housing is considered as one of the cardinal measures of the state of an economy. This paper employed data-based evidence to explore housing sector-economic growth relationship in Nigeria during 1980-2015. Choice variables were real estate business services (REBS), building construction investments (BCI), property rights index (PRI) and human labor...

People migrate from one country to another for several reasons, which include better living conditions and some push or pull factors. Whatever the reason, increased flow of financial remittances to countries of origin was among the immediate positive outcomes of such movements, with expected attendant boost in growth of the migrants’ economies. Bra...

The financial outcome of an enterprise is perceived to have some relationships with its operational environment. This study analysed the business environment as a correlate of financial performance of small and medium enterprises (SMEs), as to contribute to environment-enterprise policy mechanisms and regulatory framework, industry and management p...

Abstract In one way or the other, value added tax has been perceived to influence consumption expenditure behaviour of households as well as consumer price index. This study employed ex-post facto research design to investigate the effects of value added tax on consumption expenditure pattern and consumer price index in Nigeria. The study considere...

This paper employed time series data on relevant empirical diagnostics to examine banking sector growth-led nexus within the context of Africa’s largest economy, Nigeria. Diagnostics established stationarity of banking sector indicators and control variables at first difference. Findings showed no causal relationships between banking sector reforms...

Persistent increases in stock of domestic debt in Nigeria have raised concerns about effects of such debt stock on growth of the economy. This study employed econometric methodology to examine the phenomenon of domestic debt in relation to growth of the Nigerian economy for the period 1990-2010. The objective was to establish the effect of the phen...

This paper employed comparative analysis approach to examine the various export promotion strategies in selected African countries of South Africa, Nigeria and Egypt (SANE). The analysis centred on the concepts, levels and need for exports promotion strategies and initiatives as a stimulant of economic growth and development. Summary of the strateg...

Obviously, the relevance of SMEs in the economy cannot be overemphasized and this has necessitated policy reforms and responses in many countries. This paper employed descriptive approach to assess the relevance of SMEs in state and national economies in Nigeria. The objective was to determine the extent of relevance of the SME sector in the econom...

The objective of the study was to assess the impact of financial sector deregulation reforms on savings, credit to private sector, and the economic growth of Nigeria from 1970 to 2009. Upon investigation of the long run and short run impact of financial deregulation on the selected macroeconomic variables, using the ARDL-bound test approach, it was...

In any economy, human capital development is a function of the quality of its educational system, particularly at the tertiary level. Consequently, investment in human capital through qualitative education programmes is worthwhile especially where the potentials for tertiary admission are in their hundreds of thousands who could become liability to...

This study has investigated the effects of leadership style on organizational performance in small scale enterprises. The major objective was to determine effect of leadership styles on performance in small scale enterprises. Transformational and transactional leadership styles were considered in this study. Transformational leadership behaviours a...

This study examined the effects of monetary policy innovations on stabilization of commodity prices in Nigeria. The design is basically exploratory in that the study leaves room for further study in the area. The methodology is empirical econometric analysis approach. Variables used for analysis were consumer price index (CPI), broad money aggregat...

This study empirically examined the impact of capital market development on economic growth in Nigeria for the period 1981-2008. The major tool we employed for empirical analysis is a multiple regression analysis model specified on the basis of hypothesized functional relationship between capital market development and economic growth. For capital...

This study has examined the role of human resource development in economic growth in Nigeria. The study employed quantitative analysis approach. The study considered human resource development from education and health perspectives. The variables considered appropriate indices for human resource development were government expenditures on education...

Chalcones and anthocyanidines represents essential groups of natural products which possess wide range of pharmacological activity such as antibacterial, antitumor, anticancer, anti-tubercular, anti-inflammatory, antioxidant and anti-malarial properties. From the ethanolic extract of the leaves of Bridelia ferruginea Benth, two flavonoids bioactive...

The study assessed farmers' use and preference of extension communication channels in Benue State, Nigeria. A sample of 316 farmers was selected through a stratified random sampling technique and interview schedule was used in eliciting information from them. Descriptive and inferential statistics were used for data analyses. Interpersonal communic...

Chemical investigation of the bioactive constituents from the leaves of Stachytarpheta jamaicensis Linn Vahl (Gervao, Brazilian tea or Bastard vervain) resulted in the isolation of a new lanostane phenylacetate (1,3,16β-yl-phenypropylacetate-lanostan-5,11,14,16,23,25-hexen-22-one). The structure was elucidated using NMR spectroscopy in combination...