Economic Development

THE ROLE OF SMALL-SCALE BUSINESSES IN PROMOTING ECONOMIC DEVELOPMENT IN NIGERIA

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Abstract
Small-scale businesses have become major drivers of socio-economic change in developing societies of the world, but especially so in Nigeria, where they account for over 90% of businesses in the country and employ a significant part of the labor market. This research explored the role of small- scale businesses as contributors to economic development in Edo State, Nigeria. The objectives were to evaluate how small businesses contribute to employment generation, income generation, industrial development, and economic growth in Edo State. A descriptive survey research design was adopted, and data from 347 respondents made up of owners and managers of small-scale businesses across the three senatorial districts of Edo State were collected. Questionnaires' structured format was used to collect data, while descriptive statistics, frequency counts, percentages, and mean scores were employed as tools of data analysis.

The findings of the research confirmed a significant contribution of small-scale businesses to employment generation jobs, which were for skilled and unskilled laborers; thus, a reduction was achieved in the number of unemployed people in the state. The research also revealed that small businesses have significantly enhanced income generation leading to improved standards of living and promoted industrial dependent linkages through adding value and the use of local raw materials, but challenges such as inadequate access to finance, multiple taxation, poor infrastructure, and inconsistent government policies have negatively contributed to optimal performance. In addition, the research showed that government support such as training programs, access to loans, and tax incentives has a positive but limited impact on business sustainability
Supervisor(s)
co-supervisor

FISCAL POLICY AND ECONOMIC DEVELOPMENT IN NIGERIA

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This study empirically investigated the impact of fiscal policy on economic development in Nigeria, covering the period from 2005 to 2022. Driven by the persistent challenge of low growth and high poverty rates despite resource wealth, the research specifically assessed the influence of Government Expenditure, Taxation (Non-Oil Revenue), and Public Debt on key indicators like GDP growth and Non- Oil Sector Contribution. Utilizing an ex-post facto design and applying time series econometrics, including the Error Correction Model (ECM), the study confirmed a long-run relationship among the variables. Findings revealed that while Government Expenditure had a positive and significant effect on GDP growth, both Taxation and Public Debt posed challenges: non-oil revenue was insignificant in driving diversification, and public debt had a significant negative long-run impact on development. The study concludes that the effectiveness of Nigeria's fiscal policy is currently undermined by an ineffective tax regime and an unsustainable debt burden. The key recommendation is for the government to implement urgent and holistic tax reforms alongside a strict debt management strategy to redirect resources toward productive capital investment and achieve sustainable economic development.
Supervisor(s)
co-supervisor

THE IMPACT OF PROMINENT AFRICAN WOMEN IN INTERNATIONAL RELATIONS: OBIAGELI KATRYN EZEKWESILI AS A CASES STUDY

Faculty
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upload
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The study of the place of women in the socio-political and economic life of the society from the early period to the present has aroused a wide range of interests amongst scholars and writers in recent times. Over the last few decades, the contribution of African women to international relations and socio-economic development has been increasingly recognized in both academia and policy circles.1 This growing recognition reflects the active participation of women in various aspects of international organizational, both through formal and informal production in recent years. Women represent half the population of Africa, and although they are considered internationally as one of the main pillars of economic development, they have suffered from an unjust social heritage in addition to discriminatory practices both in terms of gender equality and in the market.2 This reflected on their social, educational and cultural situation. Although some progress has been made in an attempt to address women in Africa and their role in social and economic life, there are still social and economic challenges that prevent the African Women from being enabled
Supervisor(s)
co-supervisor