Jacob Augustine

• Doctor of Philosophy
• Director at Heritage Polytechnic

Financial technology (FinTech) has emerged as a transformative force in bridging financial inclusion gaps, particularly in developing economies like Nigeria. Despite significant progress, millions of Nigerians remain excluded from formal financial systems due to infrastructural, socioeconomic , and institutional barriers. This review explores the e...

Because of its firm reliance on oil exports, Nigeria, a major oil-producing nation, has seen considerable economic volatility. The exchange rates and the volatility of oil prices significantly impact the country's macroeconomic stability, growth, and development. Nigeria's economy mainly depends on oil exports, which provide 70% of government reven...

This study explores the grey economy in Nigeria, characterized by unregistered businesses, informal labor markets, and cash-based transactions, which significantly shape the nation's socioeconomic landscape. It examines the scope, characteristics, and impact of the grey economy on Nigeria's development, highlighting its dual role in providing livel...

Made in Nigeria products are anticipated to expand the industrial sector, achieving proficiency and independence in production. This growth is expected to enhance the economy, create an export surplus, and integrate Nigeria into the global economy. However, increased production generates significant solid waste, posing public health and environment...

Nigeria's economy, marked by its diverse sectors and emerging markets, presents a landscape ripe for financial innovations aimed at fostering economic growth. This study delves into the multifaceted nature of Nigeria's emerging markets and explores the role of financial innovations in propelling economic development. By examining the evolution of f...

This study explores the grey economy in Nigeria, characterized by unregistered businesses, informal labor markets, and cash-based transactions, which significantly shape the nation’s socio-economic landscape. It examines the scope, characteristics, and impact of the grey economy on Nigeria’s development, highlighting its dual role in providing live...

Nigeria's border closure on rice importation has significant economic implications that require comprehensive analysis. Policymakers must consider both the short-term and long-term effects, as well as broader socioeconomic factors. Balancing economic considerations with employment, food security, and regional disparities is crucial for inclusive an...

This research use time series analysis to examine Nigeria's economic dynamics, concentrating on the link between Real Gross Domestic Product (RGDP), Inflation (IFR), Interest (INT), and Crude Oil Price. The information covers the years 2006 to 2022 and gives insights into how the country has changed over time. The results show a positive trend in R...

The analysis of various economic variables in Nigeria from 1981 to 2019 shows that the country's economy has been heavily reliant on oil exports, which has left it vulnerable to external shocks and hindered economic growth. This over-reliance on oil exports has led to neglect of the agricultural sector, which was once the main source of foreign cur...

In spite of the vital role played by the stock exchange market in the overall national development, it is still performing below expectations in Nigeria owing to several macroeconomic factors. The main objective of this study is to investigate the effects of selected macroeconomic variables on stock market performance in Nigeria. The study employed...

The notions of sustainable development and the green economy are inextricably linked, with just a thin line separating them. Looking at the definitions of two different concepts, for example, a green economy is defined by the Department of Environmental Affairs (DEA) as a system of economic activities related to the production, distribution, and co...

Despite the various monetary regimes that have been adopted by the Central Bank of Nigeria over the years, inflation remains a major threat to Nigeria’s economic growth. This study seeks to examine the relationship between monetary policy and economic growth in Nigeria. Starting from the nature and direction of causation, the Granger pair-wise caus...

The land is deteriorating. Now we’ll look at the oceans. With the continued loss of terrestrial resources and the need for major economic gains, littoral states have increased their efforts to achieve a “blue economy.” Nigeria, as a country with a large number of littoral component states and long waterways, has not been left out in this pursuit, m...

Microcredit has shown to be an effective tool for fighting poverty in underdeveloped countries. Microcredit may be traced back to the middle of the 1800s, thanks to the great achievements of the Grameen bank, which was created in Bangladesh in 1983. In poor nations, microfinance success stories have a big influence. This study endeavour looks at wh...

This study examines the effect of globalization on the competitiveness of Nigeria. The methodology of the classical linear regression paradigm was used for the empirical study of the Autoregressive Distributed Lag technique. The data were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2019 and World Development Indicators. Glob...

The study examined human capital development and productivity growth in Nigeria from 1985 to 2020. Therefore, the broad objective of the study was to examine the impact of human capital development on productivity growth in Nigeria. The study made use of annual time series data from 1985 to 2020. The econometric methods of Granger causality test, a...

Technology in its broadest context, as referring to all activities geared to social production and distribution and includes market and non-market activities. Sustainable development as meeting the needs of the present generation without compromising the needs of the future generation. Economic development must be sustainable which means that it sh...

This study sets out to investigate the relationship between foreign direct investment and economic growth in Nigeria, between 1970 and 2008. Given the peculiar resource-based structure of the Nigerian economy, the study also focused on identifying the key determinants of FDI flows to Nigeria. The methodology adopted to carry out the study was influ...

The contributions of the transport sector to the growth of economy of developing country like Nigeria cannot be overemphasized. This research work of development and contribution of transport sector to Nigeria gross domestic product (GDP) from 1970–2018, seems the way forward towards a sustainable financial stability shows the relationship between...

This study examines the role of bank credits on poverty reduction in Nigeria. Despite different measures by the government in channelling bank credits to the private sector. Poverty is still one of the greatest challenges facing Nigeria today. The study adopts econometrics quantitative methods in analysing annual time series data to achieve the obj...

This research work examined the relationship between capital market development and economic growth in Nigeria. Time series data were collected from both secondary sources and econometric analysis of Ordinary Least Square (OLS). the data covered 1981–2016. The research sought to appraise the relationship of variables, such as market Capitalization...

This research work examined the relationship between capital market development and economic growth in Nigeria. Time series data were collected from both secondary sources and econometric analysis of Ordinary Least Square (OLS). the data covered 1981–2018. The research sought to appraise the relationship of variables, such as market Capitalization...

The current study is a review of contributions of non-oil export on the economic growth of Nigeria from 1986-2016. Since the advent of oil exploration in the 70s, Nigeria economy has been a mono-cultural one, relying heavily on oil as its major income earner. Due to these, this study was carried out against the background of the crucial role non-oi...

Technology is the application of scientific knowledge for practical purpose, especially in industry, advances in computer technology, machinery and devices developed from scientific knowledge. It will reduce the industry's ability to spend money on new technology. Technologies, most often, are invented or developed in one country but utilized and e...

A vital aspect of economic analysis lies in its wealth of tools. These tools often enable economists to widen the frontiers of their analytical concerns to issues that have important economic implications, even though they may not be strictly economic in nature. Corruption is an example of such an issue. The effect or magnitude of corruption had va...

This research endeavour set out to empirically investigate the relationship between foreign direct investment and economic growth in Nigeria between 1970 and 2008. The paper makes the proposition that there is endogeniety i.e., bi-directional relationship between FDI and economic growth in Nigeria. Single and simultaneous equation systems are emplo...