ECONOMIC

GOVERNMENT DEBT, REVENUE AND ECONOMIC GROWTH IN NIGERIA

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Abstract
This study investigated the impact of government debt, revenue, and their relationship with economic growth in Nigeria over the period 1990 to 2024. It aimed to examine the effects of government debt on economic growth, the influence of government revenue on growth, the impact of debt on Nigeria’s annual GDP growth rate, and the role of internally generated revenue. Secondary data were collected primarily from the Central Bank of Nigeria, Debt Management Office, National Bureau of Statistics, and World Bank databases. The methodology adopted included an econometric model estimated using Ordinary Least Squares (OLS) and panel fixed effects to analyze the short-run and long-run effects of government fiscal variables on economic growth. Results revealed that government debt had a positive but statistically insignificant effect on economic growth in the short run, implying that borrowing provided some support to government sustainability but lacked robust growth stimulation. In the long run, debt demonstrated a negative and insignificant relationship with growth, suggesting potential crowding-out effects and fiscal risks that align with some extant Nigerian literature. Government revenue showed a positive and statistically significant association with economic growth, confirming its critical role in funding development projects and stimulating the economy. Internally generated revenue also had a positive yet statistically insignificant impact, indicating sensitivity in tax policy implementation to avoid negatively affecting production and economic activity. Based on these findings, it was recommended that the government implement prudent debt management policies to ensure borrowing supports growth without generating harmful longterm consequences. Tax authorities were advised to improve revenue collection efficiency by adopting fair tax policies that avoid overburdening taxpayers, thus encouraging sustainable economic expansion. Policymakers should focus on enhancing government revenue via effective fiscal measures to provide sufficient funds for infrastructure and development. Additionally, relevant agencies needed to strengthen internally generated revenue systems by promoting transparency and fairness, which would improve economic stability and growth prospects. These steps would help balance the benefits of government fiscal interventions while minimizing risks to Nigeria’s economic future
Supervisor(s)
co-supervisor

ECONOMIC EVALUATION OF LAND TENURE OF TAUNGYA FARM IN SOME SELECTED LGA IN EDO STATE, NIGERIA

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The study evaluate land tenure of taungya farm in Edo State, Nigeria. Data were collected through primary and secondary sources. The primary data were obtained through the use of well-structured questionnaire administered on 127 respondents in six local government areas practicing taungya farming in government reserved forest. The data collected were analyzed with descriptive statistics summarized in tables and charts and inferential statistics with the use of analysis of variance (ANOVA) at 5% level of significant difference. The results showed significant difference (P<0.05) among the various locations of the respondents farm land, which dominate any other location considered in the studies. The result shows that the state ownership stood at 69% while other forms of ownership by the respondents were communal, traditional, and private ownership which accounted for 16, 11 and 4% respectively. The results also showed that majority (60%) of the respondents affirmed that their farm size ranges from 2-4 hectares. While 24% and 16% of the respondents had less than 2 hectares and 5-7 hectares respectively. The results showed significant difference (P<0.05) in land rate per hectare among the various years under review. The rate accruable in 2020 till-date differ significantly (P<0.05) from every other year under review. The results revealed the various sources of financing the taungya farm, the study confirms that 54% of the respondents obtained their source in financing the taungya farm practice through individual/personal contribution. 18%, 16% and 12% of the respondents affirmed for borrowed money, government grant and government loan respectively. The results revealed significant difference (P<0.05) between the selling price and cost price of the arable crops under review. The selling prices dominated the cost prices of the arable crops in taungya practices. Despite the profitablility measure and yield from the farming system, the farmers experience inadequate minority from the relevant authorities through the duration for land use rent and incentives from government is one of the mitigation the taungya farmer agitated for in the study area.
Supervisor(s)
co-supervisor

ASSESSING PERCEPTIONS OF STUDENTS AND STAFF ON THE ECONOMIC AND SOCIAL POTENTIAL OF INTRA-UNIVERSITY SPORTING EVENTS FOR SPORT TOURISM DEVELOPMENT IN THE UNIVERSITY OF BENIN COMMUNITY

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This study investigates the perceptions of students and staff at the University of Benin regarding the economic and social potential of intra‑university sporting events for sport‑tourism development and adopts a convergent mixed‑methods design. A structured questionnaire was administered to 50 students; descriptive statistics (means ± SD) summarized their attitudes, while chi‑square tests (p < 0.05) examined relationships between demographics (income, employment) and categorical benefit items, and one‑way ANOVAs (p < 0.05) tested whether composite perceived‑benefit scores differed by occupation, income level and event‑attendance frequency. Semi‑structured interviews were conducted with 12 staff members (8 academic, 4 non‑academic) and analyzed thematically. Quantitative results indicate strong agreement that internal sports competitions boost visitor numbers, local revenue and facility use (overall mean = 3.48 ± 0.58). Chi‑square analyses revealed significant a sociations between income level and perceived economic benefit (χ² = 9.42, df = 2, p = 0.009) and between employment status and perceived community involvement (χ² = 7.81, df = 1, p = 0.005). ANOVA showed that mean benefit scores varied significantly across occupational groups (F = 4.73, p = 0.012) but not by income or attendance frequency. Qualitative insights highlighted organizational challenges, resource
constraints and the role of events in fostering university‑community ties. The integrated findings suggest that well‑planned; frequent intra‑university sporting events can significantly contribute to sport‑tourism growth in the University of Benin community, offering actionable guidance for administrators, local businesses and policymakers.
co-supervisor

ECONOMIC DEVELOPMENT IN NIGERIA: A CASE STUDY OF EGOR LOCAL GOVERNMENT AREA

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This study examined the role of local government administration in promoting socioeconomic development in Nigeria, using Egor Local Government Area as a case study. The research specifically investigated how policy implementation effectiveness, provision of social amenities, and infrastructure development influence socioeconomic outcomes within the area. A descriptive and explanatory survey research design was adopted. Data were collected from 200 respondents, including residents, local government officials, and community leaders, through structured questionnaires and interviews. The data were analyzed using descriptive statistics and multiple regression analysis. The results revealed a strong positive relationship between local government administrative functions and socioeconomic development (R = 0.894, R² = 0.799, p < 0.05). Specifically, policy implementation (β = 0.364, p = 0.000), provision of social amenities (β = 0.342, p = 0.000), and infrastructure development (β = 0.328, p = 0.000) each had significant effects on socioeconomic development in Egor Local Government. The findings indicate that effective policy execution, adequate provision of social services, and sustainable infrastructural projects collectively account for approximately 79.9% of the variation in the area’s socioeconomic growth. The study concludes that efficient and transparent local government administration is vital for enhancing living standards, promoting economic productivity, and achieving grassroots development. It recommends that Egor Local Government strengthen policy implementation mechanisms, increase investment in social amenities, promote infrastructural sustainability, and enhance transparency and community participation to foster inclusive and sustainable socioeconomic development.
Supervisor(s)
co-supervisor