Department of Economics and Statistics

OIL SPILLAGE, ENVIRONMENTAL POLLUTION AND THE NIGER DELTA ECONOMY

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The coastal area of Niger Delta is the home of oil exploration and exploitations. So it is open to oil spillage arising from oil damage from local inhabitants, ageing pipeline, blow out of flow station, cleaning of tanks and others. The most dangerous form of oil spillage is the damage of pipeline. The Niger Delta, an ecosystem that contains one of the highest concentration of biodiversity on the planet, in addition to supporting abundant flora and fauna, arable terrain that can sustain a wide variety of crops, lumber or agricultural trees, and more species of freshwater fish than any ecosystem in West Africa. It is also sad to note that it has speculated that the region could experience a loss of 40% of its inhabitable terrain in the net thirty years as a result of extensive dam construction in the region. So, the aim of this project is to look for this unfortunate problem and explore possible solution to problem from a legal perspective. The oil spillage has been a source of concern to the federal government due to the environment impact it has on the area, and has sure set up some ways to curb the environmental pollution in hazardous to the citizens living in that region. A number of federal and state agency deals with oil spillage in Nigeria. These agencies include; National Oil Spill Detection and Response Agency, Federal Department of Petroleum Resource (DPR), The Federal Ministry of Environment, State Ministries of Environment, National Maritime Authorities. There are also the “Clean Nigeria Association”. These agencies have to deal with the issue of oilspillage in Niger Delta and Nigeria at large. In conclusion, this work will attempt study the environmental pollution caused by oil spillage and how it has affected the Niger Delta Economy, in the end given some recommendation to make the situation better and still maintain a healthy business environment
Supervisor(s)
co-supervisor

RELATIVE CONTRIBUTIONS OF OIL AND NON-OIL SUBSECTORS TO EXPORT TRADE IN NIGERIA

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The study empirically examined the relative contribution of oil and non-oil subsector to export trade in Nigeria. The Augmented Dickey Fuller unit root test was employed to test for the order of integration of the series. It was found to be stationary at first and second differ ences. Then the Johansen Co-integration technique was employed to determine if there is long run relationship between the dependent and independent variables of the model. Furthermore, the Vector Error Correction Mechanism technique (VECM) was used to estimate the regression coefficients and to correct for any disequilibrium between the short run and long run dynamics of the model. The short run and long run version of the model were specified. Results showed that, oil sector was correctly signed and was statistically significant. The study therefore recommends, among others, that proper and effectively outlined policy frameworks should be put in place by the government through the relevant agencies to ensure that non-oil sector is effectively managed and channeled towards contributing significantly to export in Nigeria. This will go a long way in ensuring that the contributions of oil to export in Nigeria is significantly reduced
Supervisor(s)
co-supervisor

FISCAL DEFICIT DOMESTIC DEBT AND ECONOMIC GROWTH IN NIGERIA

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This study analyses the interrelationships between fiscal deficit, domestic debt and economic growth in Nigeria. Using data between the period of 1981-2019. This study employed the use of Augmented Dickey Fuller (ADF) test, Co Integration test, Vector Error Correction (VEC) Lag Exclusion Wald Tests, Vector Error Correction (VECM) technique and Forecast Error Variance Decomposition (FEVD) analysis. The study utilized fiscal deficit, domestic debt, foreign debt and tax revenue as the independent variable used for the study. The findings proved that there is a negative and significant relationship between fiscal deficit and economic growth in Nigeria. It also revealed that budget deficit, foreign debt and tax revenue have significant impact on growth while domestic debt has an insignificant impact. The study recommends that for a desired level of growth to be accomplished in the country, the issue of budgeting, debt and taxation in Nigeria must be critically addressed with a view to optimizing economic
welfare.
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co-supervisor

IMPORT PENETRATION AND MANUFACTURING SECTOR IN NIGERIA

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The study sought to evaluate the recruitment policy and manpower
utilization in the civil service; using Edo state as a case study. Seven
research questions were raised for the study; what considerations guide the processes of recruitment in Edo state civil service? Are respondents satisfied with the transfer policies of the Edo state civil service? Are respondents satisfied with the appraisal policies of the Edo state civil service? Are selection and placement processes in Edo state civil servi2efv ce acceptable? Are selection and placement in the civil service of Edo state done on merit? To what extent are the staff members utilized in the civil service of Edo state? Are sanctions effective in checking selection irregularities the Edo state civil service? The research method
for designs to be used is case study and survey method. This is where various ministries and departments of the state civil service are consulted. Information gathered from the different departments and ministries would be used for this project. A sample of two hundred (200) respondents was used for the study. Data collected from the questionnaire was analyzed using descriptive statistics. Frequency distribution and percentage analysis is used to analyze the research question while T-test and ANOVA was used to test the hypotheses raised. Findings show that 53% of respondents agree that the processes of selections is fair and 52.5% strongly agree and 43.0% agree that the employment equity is considered,31.0% however disagree. In distribution of manpower 101 respondents which is 50.5% disagree that government of origin is adequately represented in the Edo State civil service. 25.0%
strongly disagree that they are satisfied with the promotion system 34.0% disagree but 25.5% agree and 15.5% strongly agree. Respondents largely agree that the selection process is fair acceptable as 53.0% agree and 38.0% strongly agree. 121 respondents agree (60.5%) and 24.0% strongly agree that the manpower force in the civil service is adequate. Responses show
that sanctions are present but are not always applied. 50.5% held that cases of suspected irregularities are seldom reported to management. However 35.0% held that management takes disciplinary action often 41.0% responded that it is sometimes that management takes disciplinary action 24.0% held that the disciplinary action is seldom taken. The study recommends a review of the recruitment policy must be made expedient for the smooth implementation of the policy and the civil service commission should embark on a comprehensive audit and appraisal of workers to identify the gaps in manpower utilization in Edo state civil
service
Supervisor(s)
co-supervisor

GLOBALIZATION AND STOCK MARKET GROWTH IN NIGERIA

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This study examines globalization and stock market growth in Nigeria. A review of the literature reveals that trade and investment flows has helped different countries to developed more quickly and equally increased stock of productive capital without compromising their level of consumption. The primary objectives of the study is to test the hypothesis that there exist a positive relationship between globalization and stock market growth in Nigeria. In this research work, data were collected mainly from
secondary sources, e.g. central bank of Nigeria (CBN), Bureau of statistics. Upon the above, the analysis carried out reveals that globalization has a positive impact on growth of the Nigerian economy. In this study we reached the conclusion that the Nigerian stock market remains fundamental segment of Nigerian financial system and growth. The study recommend among others that there is need to further liberalize the economy but this must be done with caution so as to avoid the negative impact of the
trade liberalization
Supervisor(s)
co-supervisor