ECONOMY

development in Nigeria, with GDP growth rate as a proxy for economic development. Using an Autoregressive Distributed Lag (ARDL) Model and Error Correction Mechanism (ECM), the study assesses both the short-run and long-run effects of key stock market and economic indicators, including market capitalization (MC), all-share index (ASI), inflation rate (INF), monetary policy rate (MPR), gross fixed capital formation (GFCF), and foreign direct investment (FDI). The findings reveal that the All Share This study examines the relationship between stock market performance and economic Index (ASI) has a persistent positive and significant impact on GDP growth, indicating that stock market performance plays a crucial role in economic development. Conversely, inflation (INF) and market capitalization (MC) exhibit persistent negative and significant impacts, suggesting that rising stock market values do not necessarily translate into real economic growth. Gross fixed capital formation (GFCF) and foreign direct investment (FDI) have negative and insignificant effects in the short run, while FDI exhibits a positive but insignificant long-run impact. Additionally, the monetary policy rate (MPR) has a negative and insignificant short-run impact on GDP growth. The study concludes that while stock market performance is important for economic development, inflation control, efficient capital allocation, and strategic investment policies are necessary to sustain long-term growth. Policy recommendations include enhancing financial market efficiency, ensuring productive capital allocation, attracting growth-driven FDI, and implementing balanced monetary policies to support economic stability. Keywords: Stock Market, Economic Development, ARDL, Market Capitalization, Inflation, Foreign Direct Investment, Nigeria.

Here is an academic abstract tailored for this research topic, structured to meet standard institutional guidelines (Background, Objective, Methodology, Findings, and Significance). Abstract This study examines the socio-economic effects of the Boko Haram insurgency on the Nigerian economy, tracking its evolution from the administration of President Umaru Musa Yar'Adua to that of President Goodluck Ebele Jonathan (2009–2015). This period marks the transformation of the group from a localized sectarian movement into a highly destructive, transnational terrorist network. Utilizing a historical and descriptive analytical framework reliant on secondary data sources—including institutional reports, national statistical archives, and academic literature—the study evaluates how the escalation of violence disrupted both regional and macroeconomic stability. The findings reveal that the insurgency acted as a severe structural shock to the Nigerian state, particularly within the Northeast geopolitical zone. At the microeconomic level, systemic attacks on farming communities, agrarian supply chains, and border corridors paralyzed the local agricultural economy, decimated regional trade with neighboring Sahelian nations, and precipitated a severe humanitarian and Internally Displaced Persons (IDP) crisis. Regionally, the deliberate destruction of educational, healthcare, and telecommunications infrastructure crippled human capital development. At the macroeconomic level, the study demonstrates that the rising tide of insecurity forced a massive, non-developmental reallocation of public funds, as successive federal budgets heavily prioritized defense spending over critical infrastructure and social services. Furthermore, the heightened sovereign risk premium during the Jonathan administration slowed down Foreign Direct Investment (FDI) inflows in non-oil sectors. The study concludes that while Nigeria’s economy underwent a historic GDP rebasing in 2014, the insurgency deeply decoupled the Northeast from national growth, intensifying regional economic disparities. It recommends a policy shift that balances counter-insurgency military operations with aggressive economic rehabilitation, infrastructural reconstruction, and youth employment programs targeting vulnerable regions.

The study investigated the economy of feed conversion of weaner rabbits fed diets in which soybean meal (SBM) was partially replaced with Guinea grass (Panicum maximum) leaf meal (GGLM). Rising feed costs, especially for conventional protein sources like soybean meal, have prompted the exploration of locally available and low-cost alternatives to enhance the profitability of rabbit roduction. Twenty weaner rabbits aged 4–6 weeks were randomly assigned to four dietary treatments containing 0%, 10%, 20%, and 30% GGLM as replacement levels for SBM in a completely randomized design, with five rabbits per treatment. The diets were formulated to be iso-nitrogenous and iso-caloric, and the feeding trial lasted ten weeks. Parameters measured included feed intake, weight gain, feed conversion ratio (FCR), cost of feed consumed, cost per kilogram weight gain, total production cost, and net profit. Results indicated that inclusion of GGLM up to 20% did not significantly affect growth performance or FCR compared to the control diet. However, feed cost per kilogram decreased progressively with higher inclusion levels of GGLM, with the lowest feed cost and highest net profit recorded at 30% inclusion. Economic analysis showed that substituting GGLM for SBM substantially reduced feed costs without adverse effects on productivity at moderate inclusion levels. The study concludes that partial
replacement of soybean meal with Guinea grass leaf meal (up to 30%) in weaner rabbit diets is economically advantageous and supports efficient feed utilization. It is therefore recommended for smallholder and commercial rabbit producers as a cost- effective strategy for improving profitability and sustainability in rabbit production systems.

This research work evaluates the extent of development in Entrepreneurship in a depressed economy like Nigeria. A closer and pragmatic approach was used by using Nigerian Association of Small-Scale Industrialists (NASSI) Enugu State Chapter. NASSI has been seen as one of the nation’s governmental agency involved in manpower development and training and financing small-scale industrialists. The objectives of the study are to critically analyze the activities of entrepreneurs in Enugu, in relation to the overall objective of government programmes and policies, to know how the efforts of government to develop entrepreneurship is progressing, to identify the problems that has been militating against the development of entrepreneurship in Enugu and Prefer solutions. It was found that the development of entrepreneurs is now taking a formal footing as a result of the increased rate of response by the average entrepreneur in Enugu. From the research, it was observed that about over a 3,000 (three thousand) persons have gotten various trainings Nigeria association of small-scale industrialists (NASSI).Consequently, the research solicits for NASSI to be more pragmatic in their operation vis-à-vis the decree of which they were established and then government in its own effort to try and create an enabling environment for entrepreneurship development. In this word Abraham Maslow (A psychologist known for his theories regarding human needs) “indicated that the most valuable 100 people to bring into deteriorating society would not be economists or politicians or engineer rather 100 entrepreneurs”.

The paper examined economy growth and indirect tax. The objectives of the study were to examine the impact of direct tax on economic growth in Nigeria. To achieve these objectives, secondary data was sourced. Based on these findings, the paper recommended amongst others that Nigeria government should coordinate their industries so that more revenue be generated and should be well managed by channeling it to the critical sectors in the absence of systemic corruption in order to enhance economic growth.

The objective of the study is to assess the effect of tax evasion and avoidance on Nigeria’s economy. This study adopts survey research design. Used Primary data in form of questionnaire to obtain information from respondent. The study finds out that tax evasion and avoidance affect Nigeria’s economy and also tax evasion and avoidance affect government internally generated revenue. The study recommends a series of policy measures, including tax reforms aimed at simplifying the tax system, improving tax compliance, and enhancing transparency. Strengthening tax enforcement and promoting financial education are also critical components of a holistic approach to mitigating the adverse effects of tax evasion and avoidance in Nigeria