JOURNAL OF ECONOMICS AND ALLIED RESEARCH en-US (Journal of Economics and Allied Research) (Journal of Economics and Allied Research) Tue, 09 Jan 2024 00:00:00 +0000 OJS 60 REVISITING THE ENVIRONMENTAL KUZNETS CURVE HYPOTHESIS WITH THE ROLE OF THE SHADOW ECONOMY IN NIGERIA <p>Climate change and environmental degradation continue to pose a serious threat to humanity, especially in developing countries. Researchers around the globe are making efforts to analyze the factors responsible for climate change and environmental degradation in order to propose policies that mitigate the problem. These researchers conduct their analyses mostly using the environmental Kuznets curve (EKC) hypothesis that emphasize the role of economic development on the environment. However, very few of the researchers have captured the influence of the shadow economy and financial development in their analyses. Consequently, the purpose of this study is to explore the role of the shadow economy and financial development in analyzing the growth-environment nexus in Nigeria. The paper utilizes annual data from 1991 to 2020 and employs a threshold regression approach. The findings demonstrate that the EKC hypothesis holds true in Nigeria, and the size of the shadow economy has an adverse effect on environmental quality in both the lower and upper regimes. It is also found that financial development has an inverse relationship with environmental degradation, regardless of the level of economic development. This suggests that the financial sector development contribute to environmental improvement. Based on these findings, the paper recommends that policymakers should take a holistic approach to sustainable development, one that considers both economic growth and environmental protection. They should also take steps to reduce the detrimental effects of the informal economy on the environment and promote responsible and sustainable financial practice</p> HABIBU ZAYYANA, AHMED MALUMFASHI HALLIRU Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 DOES MONETARY POLICY INFLUENCE GOVERNMENT EXPENDITURE IN NIGERIA? <p>Monetary policies and government expenditure are interrelated and can influence the economic landscape of any economy. Effective coordination between these policy domains is therefore paramount to uphold macroeconomic stability and promote sustainable growth. This study examined the impact of monetary policies on government expenditure in Nigeria. The study investigates the relationship between monetary variables, including money supply, interest rate, inflation, and exchange rate; and government expenditure as a percentage of GDP, treated as the dependent variable. The theoretical framework is rooted in the principles of the Modern Monetary Theory (MMT). The Autoregressive Distributed Lag (ARDL) methodology was employed to analyze the relationship among the selected monetary policy variables and government expenditure. The study reveals a positive relationship between money supply and government expenditure, emphasizing that the management of money supply by the central bank significantly influences government spending. Additionally, the results indicate that short-term fluctuations in inflation do not exert a significant impact on government expenditure. In light of these findings, it is recommended that policymakers concentrate on a dual approach, combining sustainable fiscal policies with effective collaboration between fiscal and monetary authorities</p> OLUWASEYI OMOWUNMI POPOGBE, EMMANUEL KUNLE OLUWAGBOTEMI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 POOR FUNDING OF RESEARCH AND DEVELOPMENT: AN ACHILLES HEEL TO TECHNOLOGICAL GROWTH IN NIGERIA <p>The capacity of any society to produce its material needs is determined by the extent of development and transformation of its productive forces. Among the triad of productive forces, namely, the object of nature, labor power and instrument of labor, the last two- human ingenuity and technology stand out in the procurement of societal needs from the gifts of nature. Investment in research and development (R&amp;D) offers the most reliable pathway through which progressive societies harness their human and material resources to create relevant technologies and effectively exploit the prodigality of nature for sustainable development. Meanwhile, the nexus between poor R&amp;D funding and slow technological growth in Nigeria is understudied in the existing literature. The objective of the study was to ascertain if poor R&amp;D funding is implicated in the slow growth of indigenous technology in Nigeria. Methodologically, the study relied on the qualitative data collected through secondary sources such as textbooks, journal articles, official documents, media reports, etc.; and analyzed them using qualitative descriptive method. The study revealed, among others, that meager budgetary allocation to education and R&amp;D is implicated in the slow technological growth in Nigeria. Thus, the study recommended, inter alia, increased funding of R&amp;D through broad-based public-private partnership</p> CHRISTOPHER EWUZIE OBIANAGWA, LOUIEMARIE ADAEZE IFEM, NWAMAKA UDEANI, SAMUEL IFEANYI UGWUOZOR, EREFOROKUMA OROM NTE, NKIRU UCHEDILICHUKWU EZE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 UNEMPLOYMENT CRISIS AND GOVERNMENT POLICY RESPONSE: A STUDY OF N-POWER PROGRAMME <p>The aim of the study is to identify the implications of unemployment crisis to youths’ empowerment in Nigeria, find out the extent to which government employment policy response through <strong>N</strong>-Power Programme has reduced unemployment in the country and to suggest other ways of strengthening N power programme as well as creating employment in the country. The study was conducted in three states of Nigeria namely Edo, Lagos and Kogi States. A total of 510 participants and beneficiaries of N-power programme from batch A-C were purposively selected to take part in the research. Descriptive statistical research tools such as frequency, table and percentage were used to analyze the data collected. Hypotheses were tested using Chi- Square. Findings of the study revealed that unemployment crisis in the country hinders youths’ empowerments in Nigeria as the trend makes youths to engage in all forms of social vices in order to make a living. Government employment policy response through N-Power Programme helped Nigerian youths who are beneficiaries to improve their standard of living by empowering them to make investment. Despite the success of the programme, it did not reduce unemployment rate in the country. The study recommended that government should recruit more unemployed graduates in the N-power programme</p> DAVID C. NWOGBO, CHRISTOPHER ONYEMAECHI UGWUIBE, ULOKO OMONIGHO LISA Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 GENDER, INEQUALITY, POVERTY, SOCIAL INCLUSION AND ECONOMIC GROWTH NEXUS IN NIGERIA <p>This study explores the intricate nexus between gender, inequality, poverty, social inclusion, and economic growth in Nigeria, seeking to unravel the complex interdependencies that shape the nation's socio-economic landscape. Against the backdrop of Nigeria's rich history and cultural diversity, this research addresses the persistent challenges that impede inclusive development. Despite marked economic growth, Nigeria faces enduring gender disparities, economic inequalities, and high levels of poverty. This study examines the nature of the nexus and the ways in which gender, inequality, poverty, social inclusion, and economic growth interact, influencing development outcomes. A comprehensive review of historical literature, policy documents, and statistical data forms the foundation of this study. Qualitative analyses are employed to dissect gender roles, economic patterns, social inclusion dynamics, and their impact on poverty and economic growth. Findings of the study revealed that historical legacies and cultural norms contribute to persistent gender disparities, limiting women's access to education, employment, and political participation; Nigeria grapples with high levels of poverty, exacerbated by insufficient access to education, healthcare, and economic opportunities; Ethnic and religious factors shape social inclusion challenges, impacting the ability of certain groups to participate fully in economic and social activities. Based on these findings, the recommended a holistic approach, encompassing legislative reforms, targeted poverty alleviation programs, and strategies to promote social inclusion</p> AKAMIKE JOSEPH OKECHUKWU , OKONKWO N. OSMOND, EJIOGU CYNTHIA IHUOMA Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 FISCAL POLICY AND INDUSTRIAL SECTOR DEVELOPMENT IN NIGERIA <p>This study looks at how fiscal policies affected Nigeria's industrial sector growth between 1986 and 2021. To estimate the model's parameters, Autoregressive Distributed Lag was adopted. However, the results suggest that corporate income tax has a negative long-term influence on Nigeria's output of solid minerals, whereas government capital expenditures on the mining and quarrying sector and exchange rate have a positive effect. The results also show that in short run, company income tax and exchange rate are negative while government capital expenditure on mining and quarrying sector is positive. The study therefore, recommends that government should reduce the rate of company income tax for this sector because company income tax is inimical to the growth of solid minerals sector output. Government should also allocate more budget for capital expenditure in the mining and quarrying sector and also ensure that the funds are efficiently utilized to provide the necessary infrastructure needed</p> ABIMBOLA O. OLADIPO, BENJAMIN Y. JOSHUA, IGNATIUS O. MACHI, ABDUL M. YUSUF, MARYJANE E. AFAMEFUNA Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 OPTIMAL POLICY FOR PORT SUPPLY CHAIN ORIENTATION AS A STEP TO IMPROVE THE PERFORMANCE OF THE NIGERIAN INDUSTRIAL SECTOR <p>The study evaluates Apapa and Tin Can Ports' industrial sector orientation to evaluate the food and beverage supply chain in Lagos and Ogun states, proposing solutions. The port supply chain orientation was assessed using port throughput (PT), while industrial performance was evaluated using manufacturing production value (MPV). The Nigerian Port Authority (NPA) provided data on port throughput for eight years from 2014 to 2021. The Manufacturers Association of Nigeria (MAN) provided data on manufacturing production values. Multiple regression analyses reveal a significant and direct relationship between the MPV of the food and beverage sector and the PTs of Apapa and Tin-can Island ports. The effects of PT on MPV vary across seaports, with Tin Can Port PT having a greater impact than Apapa PT. The research reveals variations in the impact of port supply chain orientation across different manufacturing clusters (Apapa, Ikeja, Ogun) at the cluster level. The cluster-specific analysis enhances the understanding of the findings and enables the development of personalized policy recommendations.</p> ONI BABATOPE GABRIEL, OLUWAKOYA O. ADENIYI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 SOCIO-ECONOMIC STATUS AND PREVALENCE OF MALARIA IN SELECTED URBAN AND RURAL AREAS OF KOGI STATE, NIGERIA <p>This study employed a descriptive survey research design with a quantitative approach to investigate the relationship between socioeconomic status and the prevalence of malaria in designated urban and rural areas of Kogi State, Nigeria. The research utilized a randomly selected population, employing questionnaires for data collection. Data analysis involved simple tabulation, percentages, frequency distribution, and binary logistic regression. The results indicated that higher education is associated with a decrease in malaria prevalence, suggesting the importance of educational initiatives. However, certain occupations, particularly farming, are linked to increased malaria risk, necessitating occupational health and safety measures. Additionally, higher income levels are associated with increased malaria prevalence, highlighting the need for policies addressing healthcare access for lower-income individuals. The study recommends promoting higher education, targeted awareness campaigns, occupational health measures for farmers, and policies improving healthcare access and income diversification to mitigate malaria prevalence in Kogi State, among others were proffered</p> USIO UCHECHI TAIGA, ILEMONA ADOFU, OKWUDILI WALTER UGWUOKE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 EXPLORING THE IMPACT OF FINANCIAL DEVELOPMENT ON AGRICULTURAL OUTPUT IN NIGERIA: THE MODERATING ROLE OF INSTITUTIONAL QUALITY <p>This study investigates the nexus between financial development, agricultural output, and institutional quality in Nigeria using annual time series data from 1990 to 2022. The Autoregressive Distributed Lag (ARDL) model and Toda-Yamamoto's (1995) non-causality approach are employed to assess the moderating influence of institutional quality on the relationship between financial development and agricultural output. The long-run findings reveal that financial development, institutional quality, and lending interest rates exert a positive and significant impact on agricultural output, while human development has a negative and significant impact. Conversely, the short-run results indicate that financial development and human development positively and significantly influence agricultural output, whereas lending interest rates negatively and significantly impact agricultural output. Based on these findings, the study recommends that policymakers enact measures to promote financial development, enhance institutional quality, and reduce interest rates to stimulate agricultural growth. Additionally, strengthening institutional quality is crucial to ensure that the benefits of financial development reach smallholder farmers, who play a pivotal role in Nigeria's agricultural sector. This study contributes to the literature by examining the moderating role of institutional quality in the relationship between financial development and agricultural output in Nigeria.</p> YUSUF SHAMSUDDEEN NADABO, TIRI GYANG DAKYONG Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 IMPORTANCE OF PORT-SUPPLY CHAIN INTEGRATION IN ENHANCING MANUFACTURING CAPACITY UTILISATION (MCU) IN NIGERIA <p>The utilisation of manufacturing capacity at 57% holds significant implications for Nigerian consumers. This paper explores the impact of integrating port supply chains on manufacturing capacity utilisation in Lagos and Ogun States, Nigeria. Secondary sources were employed to collect data on container port throughput (PT) and manufacturing capacity utilisation (MCU) from the Nigerian Port Authority and the Manufacturers Association of Nigeria between 2014 and 2021. The study reveals a positive relationship between Tin Can Port PT and Food and Beverages MCU, indicating that a unit change in Tin Can Island port throughput results in a 35.4% increase in manufacturing capacity utilisation. Conversely, a percentage change in Apapa port throughput only leads to a 0.08% increase in manufacturing capacity utilisation. The findings suggest that port supply chain integration can enhance MCU, provided the policy is tailored to specific ports. The study emphasises the pivotal role of effective policies in boosting Nigeria's manufacturing capacity utilisation, particularly in the food and beverages sector.</p> ONI, BABATOPE GABRIEL, OLUWAKOYA, ADENIYI OLUFEMI, ADEYINKA, PETER AJAYI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Tue, 09 Jan 2024 00:00:00 +0000 MODELLING OF TRIP GENERATION IN FEDERAL CAPITAL TERRITORY, ABUJA (FCTA): INFLUENCE OF RESIDENTS SOCIOECONOMIC FEATURES ON TRIPS MAKING <p>The goal of this study is to model the numbers of trip generated in FCT, Abuja using socioeconomic characteristics of inhabitants to determine trip making. The authors utilized a correlational research design to evaluate the association between the number of trips made per day and socioeconomic characteristics (such as age, gender, marital status, monthly income, education, occupation, and the number of cars owned). The authors purposefully administered1500 surveys to Abuja residents using simple random approaches. The collected data was analyzed with frequency and percentages. While the numbers of trips per day was modelled with multiple linear regression. The findings reveals that 33.9% of the residents of Abuja make 6-7 trips per day. In addition to the findings, the socioeconomic characteristics stated above were a good predictor of the number of trips made per day by Abuja residents. The study concluded that since there is higher proportion of private car on FCT, Abuja’s Road compares to the public transport this may results to serious traffic challenge in the future. The study recommends that the Federal Government of Nigeria (FGN) through the ministry of transport should resurrect the abandoned light rail project in Abuja and ensure that the metro lines are effectively connected, which will minimize the number of private cars on Abuja's roads.</p> IMAM ISA, OHIDA MUHAMMED ETUDAIYE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 ASSESSMENT OF THE CAUSES OF WATER SCARCITY IN MINNA METROPOLITAN AREA OF NIGER, STATE: A NEED FOR SUSTAINABLE DEVELOPMENT <p>The reasons for water scarcity in any given environment are numerous, and the only way to regulate the excesses of water scarcity is to identify the underlining cause of water scarcity in the society. As a result, the purpose of this research is to investigate the causes of water scarcity in the Minna metropolitan region. Using Taro Yamane’s (1967) formula, the study employs random sampling to distribute 400 questionnaires to the chosen respondents. From the eleven factors assessed using factor analysis, five primary causes of water scarcity were extracted. The collected data was analysed using descriptive statistics, and the inferential statistics were evaluated using the Chi-square test. The study results show that inadequate resources to provide adequate water supply (P-value = .000), inadequate pumping infrastructures (P-value = .000), increasing population (P-value =.000), inaccessibility of the area due to lack of road infrastructures (P-value = .000) and inadequate water distribution tanker (p-value = .000) were statistically significant at 0.05 confidence level. In conclusion, a sustainable water supply is essential to address Minna's water scarcity issues. The research recommends, among other that the Niger state government do all possible to provide appropriate funding for water abstraction infrastructure and other elements that support water distribution in Minna</p> IMAM ISA, YUNUSA, MOHAMMED BADAMASI, OHIDA MUHAMMED ETUDAIYE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 IMPACT OF SOCIAL PROTECTION PROGRAMMES ON HOUSEHOLD ACCESS TO HEALTHCARE SERVICES IN NASARAWA STATE <p>The paper examined the impact of social protection programmes on household access to healthcare services in Nasarawa State. Primary data was used for the study, which was collected with the aid of survey instrument (questionnaire). A sample of 439 treatment group and same number of sample of the control group were considered in the research. The study adopted a quasi-experimental design and Difference-in-Difference regression model was employed for the data analysis. Results of analysis of the three outcome variables were statistically significant for all components of the social protection programmes (Conditional Cash Transfer, Health Insurance, and N-Power), implying that social protection programmes significantly increased household access to healthcare services in Nasarawa State. The study concluded that social protection programmes are veritable instruments of addressing health inequalities and affordability of healthcare services, and if properly harnessed will lead to achieving the Sustainable Development Goal three in Nasarawa State. The paper based on the findings recommended that more awareness is required on social protection programmes operations in the Nasarawa State, and there is need for institutionalization of social protection policy in Nasarawa State for effective service delivery.</p> MATHEW AYUBA AYAKA, ILEMONA ADOFU, WALTER OKWUDILI UGWUOKE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 ENERGY EFFICIENCY MEASURES AND PRIVATE HOUSEHOLDS IN NIGERIA <p>The paper examines the impact of energy use on households in Nigeria. Adopting the results of the survey conducted by Ochedi and Taki, (2019) on energy efficiency in the residential neighborhoods of Kogi State, Nigeria, the findings reveal that energy measures, to a greater extent, are not efficient in private households in Nigeria. Also, a lack of awareness and regulatory challenges impede Nigeria's adoption of energy-efficient measures while a lack of confidence in energy savings, as displayed by the respondents’ level of energy efficiency measures, hinders the progress. It is recommended that stakeholders invest in renewable energy sources to build a resilient Nigerian economy, like developed countries</p> KAZEEM FASOYE, ABIODUN S. OLAYIWOLA Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 MEDIATION ROLE OF SOCIAL MEDIA ADOPTION ON THE ORGANIZATIONAL INNOVATIVENESS AND SMEs PERFORMANCE IN NORTH-WESTERN NIGERIA <p>The study seeks to examine the relationship between organizational innovativeness and SME performance and the mediating effect of social media adoption.&nbsp; Statistical analyses were based on the data collected, through a survey questionnaire from 396 SMEs in North western Nigeria. The Partial Least Square (PLS) method was used to investigate the relationship between the study variables. The study found that the direct impact of organizational innovativeness is not significantly correlated with SME performance, social media is significant in mediating the relationship between organizational innovativeness and the SME's performance and context-specific nature necessitates tailoring strategies based on industry-specific conditions, market characteristics, and technological landscapes. The study concluded that organizational innovativeness exhibited relatively modest effects on SME performance, and social media adoption as a mediator unveiled a statistically significant relationship, highlighting the pivotal role of social media in influencing SME performance within the context of organizational innovation. Finally, the study recommends that SMEs should emphasize the incorporation of social media platforms as integral components of innovation strategies within SMEs, consider holistic approaches that incorporate diverse elements such as social media adoption to enhance the effectiveness of innovation strategies and encourage SMEs to invest in technological adoption beyond traditional innovation practices.</p> ABUBAKAR ABDULKADIR, IDRIS BASHIR BUGAJE Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 THE IMPACT OF TECHNOLOGICAL INNOVATION AND INSTITUTIONAL QUALITY ON THE ENVIRONMENT IN NIGERIA <p>The study investigated the impact of technological innovation and institutional quality on the environment in Nigeria.&nbsp; The study spanned from 1990 to 2022.&nbsp; The key variables in the study were technological innovation as proxy by technological index, institutional quality as proxy by six governance indicators, and carbon emission as proxy for environment.&nbsp; While the control variables include energy consumption and Gross domestic product.&nbsp; The study first conducted a pre-estimation test using Descriptive statistics and Correlation matrix, and Augmented Dickey Fuller test for stationarity while Ordinary least was used as major estimation techniques since it does not violate classical linear regression assumption.&nbsp; The findings from the preliminary estimation shows that all data series are stationarity at levels.&nbsp; The result form the best linear unbiased estimates indicate that environmentally related technological innovation destructively affects C0<sub>2 </sub>emissions while energy consumption and economic growth positively impact C0<sub>2</sub> emissions.&nbsp; Based on these findings, the government should raise investment in environmental technological innovation so as to improve the quality of institutional environment to achieve sustainable development targets</p> ERETAN GBENGA, ATOYEBI KEHINDE, SODIQ ABDULLAH Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 ECONOMIC GLOBALIZATION, ENTREPRENEURSHIP AND INCLUSIVE GROWTH IN AFRICAN OIL EXPORTING COUNTRIES <p>Policymakers in developing nations espouse the objective of attaining expeditious and enduring economic expansion. This is because such expansion will provide individuals with a wide range of chances to be innovative and productive. The imperative for these policies to expedite growth is not unrelated to the elevated levels of unemployment, severe poverty, and widening inequality that have contributed to sluggish inclusive growth. In order to attain the requisite level of expansion, a renaissance in entrepreneurial endeavours and more extensive economic globalisation are required. The study investigated the impact of entrepreneurship and economic globalisation on the GDP per employed individual in oil-exporting African nations. The study employed an ex post facto research design. Participating in the study were sixteen oil-exporting African nations. Data were taken from the World Bank Development Indicators, the World Bank Entrepreneurship Survey, the KOF Globalization Index, the Worldwide Governance Indicators, the African Infrastructure Development Index, and the International Energy Agency for the sample period of 2006–2021. Using descriptive and inferential statistics, the data were analysed with a significance level of 5%. The study's purpose was specifically accomplished by the utilisation of a dynamic heterogeneous panel consisting of the following: pooled mean group, mean group, dynamic fixed effect, and augmented mean group. The study revealed that economic globalization and entrepreneurship significantly influenced GDP per person employed (Wald-test (6, 249) = 39.27, p &lt; 0.05). The study concluded that economic globalization and entrepreneurship have a significant influence on GDP per person employed in the selected oil-exporting countries in Africa. The study recommends that that oil exporting African countries policy makers should implement policies that would encourage economic globalization and entrepreneurship so as to reap the benefits thereof. This is because economic globalization provides entrepreneurs access to new markets and promotes good quality and quantity of products</p> KENNETH KEMNETI OLISE , OLALEKAN BASHIR AWORINDE, OLUSEGUN AJIBOLA Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 COMPARATIVE ANALYSIS OF PUBLIC HEALTH EXPENDITURE AND POST-NEONATAL MORTALITY: A CROSS-INCOME GROUP STUDY IN SELECTED SUB-SAHARAN AFRICAN COUNTRIES <p>Sub-Saharan Africa (SSA) continues grappling with disproportionately high post-neonatal mortality despite economic progress. With competing budget priorities, increasing health expenditures' value for accelerating reductions remains contested yet understudied specifically for post-neonatal child health. This analysis aimed to fill this gap by investigating public health spending's impact on post-neonatal mortality stratified by country income levels. Applying the Health Expenditure-Outcome framework, the study analyzed recent panel data across 15 SSA countries, categorized into low, lower-middle and high &amp; upper-middle income groups. Poisson regression modeled country-specific post-neonatal mortality rates as a function of public health expenditure, adjusting for economic, institutional, social and environmental confounders. The study’s descriptive analysis showed stark disparities in post-neonatal deaths, health spending, and related correlates across poorer vs wealthier SSA countries. The Poisson models demonstrated significant mortality reduction per extra unit of public health expenditure across all income categories. However, the mortality lowering effects were substantially greater in higher resourced health systems.&nbsp; The study thus concludes that public financing for health significantly curtails post-neonatal deaths regardless of economic development levels. Yet returns on investment increase considerably as health systems strengthen over time in transitioning income groups. Sustaining long-term increases in health budgets, prioritizing women and child programs, could accelerate progress. As such, SSA finance/health ministries should develop incremental roadmaps raising budget allocations aligned with Abuja targets given high returns. Improving spending efficiency through governance reforms and integrated investments tackling socioeconomic mortality drivers can further maximize gains</p> MARK OJONUGWA ADEJOH, ILEMONA ADOFU, ABDULGANIYU SALAMI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 HOW EXCHANGE RATE AND STOCK MARKET VOLATILITIES AFFECT FOREIGN DIRECT INVESTMENT IN NIGERIA: A NON-LINEAR APPROACH <p>This paper examines how the exchange rate and stock market volatilities affect foreign direct investment (FDI) in Nigeria, using monthly time-series data from 2000 to 2022. The paper applies a Non-linear Autoregressive Distributive Lag (NARDL) method to capture the asymmetric effects of positive and negative shocks from the real exchange rate volatility (XVOL), the stock market volatility (SMVOL), and the real growth domestic product (RGDP) on FDI. The paper finds that there is a long-run cointegration relationship among the variables and that both positive and negative shocks from XVOL and SMVOL have significant negative effects on FDI in the short and long run. In contrast, positive shocks from RGDP have a significant positive effect on FDI in the long run, but an insignificant positive effect in the short run. These results imply that the Nigerian government should stabilise the exchange rate and the stock market to enhance FDI inflows and economic growth</p> KABIR ABDULLAHI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 FISCAL POLICY- QUALITY OF LIFE NEXUS: DOES INSTITUTIONAL ENVIRONMENT MATTER? <p>The study examines the impact of government expenditure on quality of life in Nigeria for the period of 1980 to 2022 using annual data from the World Development Indicators (WDI, 2022) of the World Bank. National Bureau of statistics (NBS, 2022) and Central Bank of Nigerian statistical bulletin (2022). Autoregressive Distributive Lag Model (ARDL) and the Toda-Yamamoto causality test were employed for the analysis. In the long run, all the variables are statistically significant except for corruption and gross domestic product. In the short run, all the variables are statistically significant and well signed, except for the quality of environment which is negatively related to the quality of life in Nigeria. The causality test shows a uni-directional causality between government expenditure and the quality of life in Nigeria while a bi-directional causality was running from quality of life and government expenditure in Nigeria. the study therefore recommends that government is encourage to exhibit fiscal discipline and be guided by fiscal rule by channeling more resources to areas affected to prevent further environmental degradation in Nigeria. the study recommends that government in Nigeria should try to meet up with the United Nations required budget allocation on education sector in order to increase more investments in education can also improve on the funding of existing educational institutions and this will bring out more quality graduates, this ton a large extent will improve the quality of life of the people in return</p> LAWAL WASIU OMOTAYO , OFOKE CORNELIUS KELECHI Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 GREEN BUSINESS PRACTICES AND EMPLOYEE JOB SATISFACTION IN ORGANIZATIONS <p>The aftermaths of the recession have inspired more businesses to incorporate sustainability into their business strategies. Sluggish growth, low productivity and other social environmental and organizational factors have had an effect on the workforce. The unprecedented effects and outcome of dissatisfaction and disengagement of employees worldwide have called managers of organizations to find various initiatives to improve employee satisfaction and engagement. The convenience sampling method was used to determine a sample size of 100 samples. The study adopted a descriptive statistic of mean and standard deviation, and used Spearman’s co-relational study to examine the effect of the relationship between&nbsp; Sustainable Practices and Employee job Satisfaction in Champion Breweries Plc Uyo. Result shows that Employee Satisfaction have a significant effect on Sustainable business Practices. The study recommends that firms should embrace policies that would efficiently lead to sustainability and satisfaction of employees. The study concludes that Green Practices promotes a vision for the accountability and satisfaction of businesses in a wide range of employees, stakeholders and investors.</p> OBIALOR, DONATUS CHUKWUEMEKA, HARRISON, QUEEN UBONG, ETTE, BLESSING OTTOBONG, UWAKWE, UCHENNA EMMANUEL Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 CULTURAL DIVERSITY AS A CHANGE AGENT IN INTERNATIONALIZATION OF FOREIGN MANUFACTURING FIRMS IN SOUTH-EAST, NIGERIA <p>Cultural ethics, perceptions and customs prevalent in societies often influence how organizations function, frame strategies and approach issues. The study is on cultural diversity as a change agent in internationalization of&nbsp; foreign manufacturing firms in Imo State, Nigeria. The study adopts the survey research design on a finite population of 50, thus adopted as the sample size because of the size of the population. Data analysis was carried out using the ordinary least square regression analysis.&nbsp;Result shows that with F-statistic : 5.693 greater than F 0.05, 3, 46 = 2.84, Cultural Diversity indices (Socio economic status, Gender and Race) have joint significant effect on Internationalization of foreign manufacturing firms. It was recommended among others that foreign firms should ensure that Cultural ethics, perceptions and customs prevalent in the societies are efficiently managed so as not to influence how organizations function. The study concludes that Cultural Diversity indices (Socio economic status, Gender and Race) have significant joint effect on Internationalization of&nbsp; foreign manufacturing firms in Imo State, Nigeria</p> OBIALOR, DONATUS CHUKWUEMEKA, HARRISON, QUEEN UBONG, ETTE, BLESSING OTTOBONG Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000 EFFECT OF INSECURITY ON LIVELIHOOD ACTIVITIES IN DUTSIN-MA LOCAL GOVERNMENT AREA, KATSINA STATE <p>This paper investigated the effect of insecurity on livelihood activities Dutsin-Ma local government area, Katsina State. The method of data collection was survey questionnaires that were administered to 240 respondents across the four wards in the study area. &nbsp;These include Dutsin-Ma A, Dutsin-Ma B, Shema and Dabawa. &nbsp;The analytical technique used was descriptive statistics and chi-square test using IBM SPSS Statistics 20. The theoretical framework for the study is the frustration aggression hypothesis and human security theory. The descriptive statistics made use of the linkert scale. The findings reveal that 99.1% of insecurity challenges were made up of kidnappings Killings, attacks on farm crops and cattle rustling also form 91.1%, 79.1 and 60.7% of insecurity respectively. The findings indicate that insecurity has impacted negatively on the livelihoods of 84.1% of people in the study area and has reduced the level of income of 98.1% people in the study area. The test of hypothesis reveal that that insecurity has negative effects on livelihood activities in Dutsin-Ma local government area of Katsina State Nigeria. From the findings, the study was able to establish that there is a high level of insecurity in the study area. Creating fear and lack of confidence among the people in carrying out their activities. Therefore there is need for a robust security structure in the study area. This could come through community policing and liaison with Nigerian Police Force in the study area to form a strong and fearless team that can confront the perpetrators of insecurity. Intelligence information to security agencies should be provided by the citizens, but their privacy should be respected</p> AUWAL ISYAKU, YERIMA EMMANUEL GYONG, ALIYU TANKO AHMED Copyright (c) 2024 JOURNAL OF ECONOMICS AND ALLIED RESEARCH Wed, 10 Jan 2024 00:00:00 +0000