Economics

Economics

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An Evaluation of the Factors Influencing the Amount of Loan Obtained by the Food Crop Farmers in Kogi State

An Evaluation of the Factors Influencing the Amount of Loan Obtained by the Food Crop Farmers in Kogi State

Uploaded by Dr. Adofu Ilemona

This study examines the factors influencing the output of food crop farmers loan beneficiaries of BOA in Kogi State, Nigeria. Using a multi-stage random sampling technique, three agricultural zones in Kogi State ( Zone A, B AND C) were chosen. Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of BOA. The major tools of data analysis were econometric and statistical techniques, such as means, percentages and regression. The sampled food crop farmers were mostly males. The literacy level of the food crop farmers’ loan beneficiaries was above average (69.45) and the mean years of experience of respondent was 18 years. The most important factors that influenced the output of food crop farmers’ loan beneficiaries are amount of loan obtained and household savings invested. The study recommend the need to emphasize on the major factors that influence the output of food crop farmers loan beneficiaries in drawing up agricultural policy for Nigeria.

 
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An Evaluation of the Possible Strategies for a Sustainable and Successful Bank of Agriculture (Boa) Service Delivery to Farmers in Nigeria: A Case Study of Food Crop Farmers in Kogi State.

An Evaluation of the Possible Strategies for a Sustainable and Successful Bank of Agriculture (Boa) Service Delivery to Farmers in Nigeria: A Case Study of Food Crop Farmers in Kogi State.

Uploaded by Dr. Adofu Ilemona

The study evaluated the possible strategies for a sustainable and successful Bank of Agriculture (BOA) service delivery to farmers in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tool of analysis is the Likert scale of analysis. The study find out that, strengthening of the group for better performance was seen by respondents as the most important strategy with mean score of 81.53 per cent. Establishing mechanism to protect the farmers from undue competition for fund in BOA was ranked second with a mean score of 80.28. Establishing mechanism to check diversion of fund in BOA with a mean score of 79.86 was ranked third. Privatization of BOA and BOA establishing farms instead of giving credit was ranked the least The study therefore recommends that The government and BOA should strategize for sustainable and successful BOA service delivery to farmers by strengthening the group for better performance and establishing mechanism to protect farmers from undue competition for fund as this was seen as someof the possible strategies for BOA service delivery to farmers in Nigeria.

 
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Alleviating Poverty Through the Use of Entrepreneurship Skill Acquisition in Kogi State, Nigeria

Alleviating Poverty Through the Use of Entrepreneurship Skill Acquisition in Kogi State, Nigeria

Uploaded by Dr. Adofu Ilemona

This study assessed the impact of entrepreneurship skill acquisition on poverty in Kogi State of Nigeria. The study made use of primary data collected with the aid of a well-structured questionnaire, which were administered by well-trained enumerator to beneficiaries of entrepreneurship acquisition skills randomly sampled from six Local Government Area of the state. The data collected through the questionnaire was analyzed using descriptive statistics like frequencies and percentages. The result shows that 65% of the respondents accepted that lack of entrepreneurship skills among youth is responsible for the high rate of poverty in Nigeria. The result also revealed that at least 60% of the people that benefitted from the skill acquisition programme can now afford the basic necessity of life. The study therefore recommended that since most of the people that benefited from the programme could afford the basic necessity of life, the government should begin to think of the way of developing the programme to the status of poverty eradication programme.

 
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Agriculture and Diversification in Nigeria: The Role of Finance

Agriculture and Diversification in Nigeria: The Role of Finance

Uploaded by Dr. Adofu Ilemona

The study “agriculture and diversification in Nigeria: the role of finance” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.

 
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Agricultural Financing for the Diversification of the Nigerian Economy: The Needful

Agricultural Financing for the Diversification of the Nigerian Economy: The Needful

Uploaded by Dr. Adofu Ilemona

The study “agricultural financing for the diversification of the Nigerian economy: the needful” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.

 
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Adsu Journal of Economics and Interrelated Disciplines

Adsu Journal of Economics and Interrelated Disciplines

Uploaded by Dr. Adofu Ilemona

ADSU Journal of Economics and Interrelated Disciplines publish papers related to the economy and society in Africa bi-annually (March and August). The Journal focus on policy oriented papers including technical papers. The Journal receives papers and articles from members of the academic institutions, research organizations, non-governmental organizations and independent researchers for consideration and possible publication in issues of the Journal. Intending contributors should send three copies of their manuscripts typed doubled-spaced on A4 paper and not exceeding 18 pages to the Editor-in-Chief, c/o Department of Economics, Adamawa State University, Mubi, Nigeria. The submission should include an abstract of about 150 words stating the thesis, findings, recommendations and conclusion.

 
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Linkages Between Trade Openness, Productivity and Industrialization in Nigeria: A Co-Integration Test

Linkages Between Trade Openness, Productivity and Industrialization in Nigeria: A Co-Integration Test

Uploaded by Dr. Adofu Ilemona

This study examines the effect of trade openness and total factor productivity on industrial output in Nigeria. The data used for this analysis covers the period 1981-2015. The paper employs the VAR model in estimating the effect of trade openness on industrial output. The impulse response function and the variance decomposition are used to examine the response of industrial output to shocks in trade openness and total factor productivity. The results show that trade openness has a positive increasing effect on industrial output in Nigeria while the effect of total factor productivity on industrial output is found to be insignificant. The impulse response function shows over the long run period tfP negative effect on industrial output in Nigeria. The findings of this study certainly have important policy implications: it suggests that policies geared towards increasing trade openness should be encouraged as this tends to improve industrial output. This study contributes to economics literature by looking at the degree to which trade openness and total factor productivity influence industrial output in Nigeria.

 
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Sustainability of Fiscal Deficit in Nigeria:  a Co-Integration  Analysis With Structural Break

Sustainability of Fiscal Deficit in Nigeria: a Co-Integration Analysis With Structural Break

ABSTRACT The federal and state governments of Nigeria suffer from many fiscal imbalances including a long history of fiscal deficits and unsustainable fiscal policy in the economy. Hence, this paper examines the sustainability of the federal and state fiscal deficits from 1960-2013, using the Gregory-Hansen co-integration test and the Zivot-Andrews unit root test, which allow for structural break. In this connection, the results indicate that the federal fiscal deficit is weakly sustainable while that of the state governments is unsustainable. It is therefore recommended that both the federal and state governments should consolidate their fiscal operations by rationalizing their expenditures and augment their revenue sources. Specifically, the governments should meaningfully cut their expenditures by blocking all fiscal leakages, reducing the cost of governance through cuts in the pays of political office holders and scrapping unnecessary offices. The governments should also diversify their revenue sources and resuscitate highly competitive public enterprises. Keywords: Fiscal sustainability; Debt; Fiscal deficits; Structural break; Nigeria JEL classification: E62; H72; H710

 
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Effects of Monetary Policy Shocks in Nigeria: Evidence From Structural Var Modeling

Effects of Monetary Policy Shocks in Nigeria: Evidence From Structural Var Modeling

This paper empirically examines the effects of monetary policy shocks on some selected macroeconomic variables in Nigeria, over the period of 1983 to 2015. The data used are sourced from Central Bank of Nigeria Bulletin, Nigeria Bureau of Statistics portal and World Bank portal. The paper used structural vector autoregressive technique to model and estimate contemporaneous impact and response of interest rate shocks to other macroeconomic variables. Impulse response function revealed that interest rate-shock has a negative impact on real GDP and money supply. It is also observed that inflation rate responds positively to positive shocks in interest rate and money supply, an outstanding contribution to the price puzzle debate in the monetary shock studies. It is therefore recommended that monetary policy authority in Nigeria be more vigilant in fixing interest rate because of its significant effects on other macroeconomic variables.

 
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