Isuwa Festus Dading

This study investigates the impact of agricultural funding on food production in Nigeria from 1990 to 2022, focusing on key variables including agricultural machinery, deposit money banks' loan to the agricultural sector, federal government's annual agriculture expenditure, and agricultural credit guarantee scheme. Using Ordinary Least Squares (OLS) regression analysis, the study provides valuable insights into the relationship between these factors and food production outcomes. The results reveal a significant positive influence of agricultural machinery on food production, highlighting the importance of mechanization in enhancing agricultural productivity. Additionally, higher government expenditure on agriculture is found to positively influence food production levels. However, the relationship between bank loans to the agricultural sector and food production is inconclusive, warranting further investigation. The presence of an agricultural credit guarantee scheme shows a significant but unexpected negative impact on food production, calling for deeper exploration. Based on these findings, policy recommendations are proposed, including prioritizing investments in agricultural machinery, increasing government expenditure on agriculture, and revamping
agricultural credit schemes. These measures aim to enhance agricultural productivity, ensure food security, and contribute to sustainable economic development in Nigeria.

This study investigates the relationship between public debt and economic growth in Nigeria from 1980 to 2022, focusing on GDP dynamics, inflation, exchange rates, and institutional factors. Against the backdrop of Nigeria’s rising debt-to-GDP ratio—projected to exceed 46% by 2025—the research addresses conflicting theoretical debates on whether public debt stimulates growth through investments or stifles it via fiscal instability. Employing a mixed-methods approach, the study combines quantitative analysis of time-series data (sourced from the IMF, World Bank, and Central Bank of Nigeria) with qualitative insights from policy documents. Econometric techniques, including OLS regression, ADF unit root tests, and Johansen cointegration analysis, are applied to evaluate the impact of debt on macroeconomic performance.
Results indicate a significant positive relationship between total public debt and GDP growth, suggesting that strategic borrowing for infrastructure and human capital development can enhance economic outcomes. The study concludes that sustainable debt management requires institutional reforms, diversified revenue streams, and transparent allocation of borrowed funds. These findings offer actionable insights for policymakers seeking to balance debt-driven growth with long-term fiscal stability in resource-dependent economies.

This study examines how public debt influences economic growth in Nigeria, drawing on twenty years of data covering both domestic and external borrowing. Nigeria has increasingly relied on public debt to fund development, yet rising debt-servicing obligations have created concerns about the country’s fiscal stability and the crowding-out of essential public investment. The study reviews major theories of debt and growth, highlights Nigeria’s historical borrowing patterns, and analyzes whether public debt contributes to or slows down long-term economic performance. Using secondary data from the Central Bank of Nigeria, the National Bureau of Statistics, the Debt Management Office, and international development institutions, the research assesses the relationship between public debt, debt servicing, GDP growth, and government investment. The findings show that while public debt can support growth when properly utilized, Nigeria’s high debt-servicing burden reduces the resources available for capital expenditure and weakens the overall impact of debt on economic performance. Evidence also suggests that persistent borrowing, weak non-oil revenue, and macroeconomic instability limit the growth-enhancing potential of public debtThis study examines how public debt influences economic growth in Nigeria, drawing on twenty years of data covering both domestic and external borrowing. Nigeria has increasingly relied on public debt to fund development, yet rising debt-servicing obligations have created concerns about the country’s fiscal stability and the crowding-out of essential public investment. The study reviews major theories of debt and growth, highlights Nigeria’s historical borrowing patterns, and analyzes whether public debt contributes to or slows down long-term economic performance. Using secondary data from the Central Bank of Nigeria, the National Bureau of Statistics, the Debt Management Office, and international development institutions, the research assesses the relationship between public debt, debt servicing, GDP growth, and government investment. The findings show that while public debt can support growth when properly utilized, Nigeria’s high debt-servicing burden reduces the resources available for capital expenditure and weakens the overall impact of debt on economic performance. Evidence also suggests that persistent borrowing, weak non-oil revenue, and macroeconomic instability limit the growth-enhancing potential of public debt

Background: The study was carried out to examine the cause-effect relationship between monetary policy and foreign trade in Nigeria between 1981 and 2023. Objectives: the study were to determine the impact of exchange rate, money supply (M2) monetary policy rate, credit to private sector on foreign trade. Methods: The study adopted Descriptive statistics, Co-integration, Unit root test and Autoregressive Distributed Lag (ARDL) method of analysis. The data used for this study were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin and World Bank Development Indicators. Pre-estimation tests were
carried out on each of the variables using Augmented Dickey Fuller (ADF) unit root test to avoid spurious regression results. The cointegration test result showed that long-run equilibrium relationship exists between monetary policy and foreign trade in Nigeria. The empirical analysis was conducted using the methodology of Error Correction Model (ECM) approach.