Browsing by Author "Habiba Mohammed-Bello Umar"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    An ARDL Bound Approach to the Nexus of Minimum Wage Increase and Economic Growth in Nigeria
    (LAFIA JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCES, 2022) Habiba Mohammed-Bello Umar; Musa Abdullahi Sakanko; Musa Salihu Ewugi; Abubakar Alhaji Sadiq
    his study examined the impact of the national minimum wage on economic growth in Nigeria. The Autoregressive Distributed Lag (ARDL) model of econometric technique was employed to analyse the data, keeping GDP as the dependent variable and minimum wage as the independent variable. The study revealed that increment in minimum wage was positive and significant in both the long and short run to GDP, implying that an increase in minimum wage will raise the economic growth rate. Therefore, the three tiers of government and the private sector in Nigeria should implement and upgrade to the new National Minimum Wage of N30, 000 to improve the income and capacity of low-skilled employees to enhance their economic growth.
  • No Thumbnail Available
    Item
    INVESTIGATING THE EFFECT OF EXTERNAL DEBT ON THE BANKING SECTOR IN NIGERIA
    (ASUU JOURNAL OF SOCIAL SCIENCES, 2022) Musa Abdullahi Sakanko; Goshit Gideon Gokum; James, Obilikwu; Habiba Mohammed-Bello Umar
    The study investigated the effect of external debt on the banking sector between 1981 and 2021 using the ARDLbounds test estimation technique. The test for cointegration result proves the incidence of a long-run association between external debt and the banking sector (with internal debt, inflation, foreign direct investment, exchange rate, and interest rate). The results confirm that external debt significantly improves long- and short-term banking performance. In addition, the internal debt, inflation, foreign direct investment, exchange rate, and interest rate were significant determinants of the banking performance in Nigeria. Therefore, external debt can finance investments in the banking sector, leading to tremendous economic growth and stability. This will increase the country’s creditworthiness and make it easier to access more external debts. Hence, we recommend that the banking sector has sufficient capital to absorb potential shocks from external debts. A strong banking sector can make external debts more manageable by providing the necessary liquidity to help manage debt obligations.