BACKGROUND OF THE STUDY
Poverty has been on the rise in the Nigerian economy for the past two decades, and the plague was particularly severe in the 1980s. As a result, it becomes critical to use all relevant economic factors to correlate economic growt...
Background of the study
Human capital is a key factor of economic success. As a component of human capital, education improves socioeconomic indices. Endogenous growth theory has highlighted the importance of the relationship between education and econo...
BACKGROUND OF THE STUDY
The small scale industries (SSIs) form the bedrock of the economic growth in every nation. No country achieves a viable economic growth and development without the establishment of small scale business firms. They have always bee...
Background Of The Study
Co-operative societies in Nigeria are believed to have started between the period of the first and second world wars and more especially in the (Beer 1976). The operation of co-operative societies was first regulated by the comin...
BACKGROUND OF THE STUDY
Generally speaking, small and medium-sized businesses (also known as SMEs) are considered to be the main power of every nation's economic progress, and they are also recognized as justified methods that promote development in...
BACKGROUND OF THE STUDY
Economic history provides strong evidence that an agricultural revolution is a necessary precondition for economic progress. Ayoola (2015) opined that the agriculture sector has the ability to serve as an industrial and economic springboard...
Background to the Study
Industrialization has been the primary driver of economic expansion in the majority of developing nations, including Nigeria; consequently, many governments that have come and gone have made it a priority to investigate and implement strategies...
BACKGROUND OF THE STUDY
Families all throughout the world, including those in Nigeria, are increasingly talking about inflation as their primary subject of conversation. The influence of the press as it becomes increasingly pervasive in everyday life ac...
BACKGROUND OF THE STUDY
CBN is solely responsible for regulating the operations of financial firms and actively encourages the growth of financial institutions that are either specialized or connected to development. The Securities and Exchange Commissi...
BACKGROUND OF THE STUDY
Higher education is defined as the education that is provided following the completion of secondary education at institutions such as universities, colleges of education, polytechnics, and monotechnics, as well as institut...
Background of the Study
Increasing the level of education offered in educational institutions is a primary focus for the vast majority of developing nations. The majority of decision-makers are of the opinion that such enhancements might result in fundamental changes in...
Background of the Study
Education is a process, which may be formal or informal, that enlightens, builds, and develops both the body and the intellect, and therefore makes use of all available resources in the most wise manner to make the educated man m...
Background Of The Study
In modern-day Nigeria, it is almost impossible to have a discussion that does not start with the term "leadership." Leadership at all levels of organization, including the government, organizations, mosques and churches...
Background of the study
Nigeria is endowed with oil and gas in addition to other mineral resources, but Nigeria is dependent on the revenue from oil to achieve its microeconomic goals. These microeconomic goals include the provision of employment opport...
Background to the Study
Agriculture comes from the Latin words "ager," which means "field," and "cultura," which means "cultivation." This shows that crop cultivation was the oldest type of agriculture (Are, Igbokwe, Asadu,...
BACKGROUND OF THE STUDY
Small and medium firms, often known as SMEs, provide a significant contribution to the economic growth and vitality of most countries across the world, particularly those in emerging nations (Quartey, Turkson, & Iddrisu, 2017...
Background of the Study
Taxation is an essential mechanism by which governments earn income to finance public services and infrastructure. The efficacy of a tax system can have a substantial impact on a country's economic growth and stability. The t...
Background of the Study
The Nigerian real estate sector has experienced significant growth in recent years, driven by urbanization, population increase, and economic expansion. However, the rapid growth has also been accompanied by rising incidents of financial fraud, i...
Background of the Study
Real Estate Investment Trusts (REITs) have become a significant avenue for both local and international investors to participate in the real estate market without directly owning property. REITs are companies that own, operate, or finance income-pro...
Chapter One: Introduction
1.1 Background of the Study
Population growth is a central factor influencing the development of infrastructure in urban areas. Jalingo, the capital of Taraba State, has witnessed sig...
Background of the Study
The role of banking in economic development is multifaceted, encompassing the provision of credit, facilitation of payments, and mobilization of savings. Keystone Bank, a key player in Nigeria’s financial sector, has long been recognized for...
Background of the Study
Banking institutions are fundamental drivers of economic growth, serving as the primary channels through which savings are mobilized and capital is allocated to productive sectors. First City Monument Bank (FCMB) has long played a pivotal role in Ni...
Background of the Study
Foreign Direct Investment (FDI) is widely regarded as a key engine for economic transformation, particularly in emerging markets. In Nigeria, FDI plays an integral role in modernizing the economy and deepening capital markets. The inflow of foreign...
Background of the Study
Financial institutions play a critical role in mobilizing resources, facilitating investment, and supporting economic development. In Nigeria, the contribution of banks, microfinance institutions, and other financial intermediaries is pivotal for s...
Background of the Study
Oil revenue has been the cornerstone of Nigeria’s fiscal policy for decades, profoundly influencing the country’s economic trajectory. From 1970 to 2020, oil revenues have not only funded government expenditures but have also shaped fiscal strategies...
Background of the Study
The banking sector is integral to the economic growth of any nation, serving as the conduit for financial intermediation, credit allocation, and investment mobilization. In Nigeria, a series of banking sector reforms have been initiated over the past decades to e...
Background of the Study
Economic liberalization, which involves reducing government intervention and promoting market-oriented reforms, has been a cornerstone of economic policy in many developing countries. In Nigeria, liberalization policies have aimed to spur growth by attracting for...
Background of the Study
Consumer confidence is a key economic indicator that reflects the level of optimism or pessimism consumers have regarding the future economic environment. In Nigeria, consumer confidence plays a pivotal role in determining household spending patterns, which in tu...
Background of the Study
Tax incentives are widely employed by governments as a tool to stimulate business growth and attract investment. In Nigeria, policymakers have increasingly turned to tax incentives as a means of encouraging entrepreneurship, diversi...
Background of the Study
Fiscal policy uncertainty refers to the unpredictability associated with government spending, taxation, and budgetary decisions. In Nigeria, economic planning is significantly influenced by fiscal policy uncertainty, which can deter...
Background of the Study
Public financial management (PFM) reforms are critical in ensuring that government resources are used efficiently to stimulate economic growth. In Nigeria, the period from 2023 to 2025 has seen significant efforts to overhaul fiscal...
Background of the Study
Environmental quality and economic growth are intricately linked, with a healthy environment serving as both a prerequisite and a consequence of sustained economic development. In Nigeria, rapid industrialization and urbanization have led to signif...
Background of the Study
Trade openness, defined as the extent to which a country engages in international trade relative to its gross domestic product (GDP), has been widely recognized as a catalyst for economic growth. In Nigeria, a country with a diverse yet underutilize...
Background of the Study
The Nigerian economy has experienced significant fluctuations over the past decades, and the interplay between real GDP growth and price stability has become a focal point for economic policymakers. Real GDP, adjusted for inflation, provides a clea...
Background of the Study
Gross Domestic Product (GDP) is widely used as a measure of economic activity; however, its adequacy as an indicator of economic welfare has been increasingly questioned. In Nigeria, GDP figures have traditionally been regarded as the primary bench...
Background of the Study
The nexus between GDP growth and housing development has garnered significant attention in Nigeria as the country strives to address the dual challenges of economic expansion and a burgeoning housing deficit. GDP growth, as an indicator of overall...
Background of the Study
GDP growth is widely regarded as a key driver of economic development; however, its direct impact on labor market outcomes remains a topic of considerable debate. In Nigeria, where unemployment and underemployment continue to pose significant chall...
Background of the Study
Public expenditure is a critical tool for economic development, and its allocation often reflects the priorities of a country’s growth strategy. In Nigeria, GDP growth is expected to have a direct impact on public expenditure patterns, influe...
Background of the Study
Interest rates serve as a critical lever in monetary policy, influencing borrowing costs, consumer spending, and investment decisions. In Nigeria, the interplay between GDP growth and interest rate movements has become a central concern for both po...
Background of the Study
Fiscal deficits have emerged as a critical concern for Nigeria’s macroeconomic stability, and GDP growth plays a pivotal role in shaping fiscal outcomes. As the economy expands, the government’s revenue base is expected to broaden, enab...
Background of the Study
Public sector wage policies are a critical aspect of government expenditure, influencing the labor market and overall economic performance. In Nigeria, GDP trends are expected to play a significant role in shaping these policies. As GDP grows, ther...
Background of the Study
Economic diversification is critical for reducing Nigeria’s over-reliance on oil revenues and promoting sustainable development. GDP growth is often seen as a catalyst for diversification by stimulating investments in non-oil sectors such as...
Background of the Study
Capital formation is a key driver of long-term economic development, providing the necessary investment in physical and human capital to enhance productive capacity. In Nigeria, the relationship between GDP and capital formation is crucial for unde...
Background of the Study
Sustainable development encompasses economic growth that meets present needs without compromising the ability of future generations to meet their own. In Nigeria, GDP is widely used as a key indicator of economic performance; however, its role as a...
Background of the Study
Gross Domestic Product (GDP) is widely recognized as a primary indicator of economic performance, yet its relationship with key household behaviors—namely, consumer spending and savings—is complex. In Nigeria, fluctuations in GDP are be...
Background of the Study
The development of financial markets is pivotal for economic growth and stability. In Nigeria, GDP growth is presumed to drive improvements in financial market depth, liquidity, and investor confidence. As GDP expands, it typically fosters better c...
Background of the Study
Government revenue collection is a fundamental component of fiscal policy, underpinning public service delivery and development initiatives. In Nigeria, variations in GDP are expected to influence the efficiency and magnitude of revenue collection....
Background of the Study
Exchange rate fluctuations are a critical indicator of a country’s external economic health. In Nigeria, where the economy is heavily influenced by oil revenues and global commodity prices, GDP growth is assumed to affect the exchange rate by...
Background of the Study
The interrelationship between GDP, inflation, and economic growth is central to macroeconomic policy debates. In Nigeria, robust GDP growth is often seen as the engine of development; however, if accompanied by high inflation, the benefits of growt...
Background of the Study
Economic stability encompasses low inflation, sustainable growth, and predictable fiscal conditions. In Nigeria, achieving such stability is a key policy objective, and Foreign Direct Investment (FDI) is increasingly viewed as a potential stabilize...