Entrepreneurship
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Entrepreneurship
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Item Effect of COVID-19 Pandemic on the Nigerian economy(Poona College of Arts, Science and Commerce, 2020) Nurudeen Abu; Musa Abdullahi SakankoThis study employs the ARDL estimation method to investigate the impact of COVID-19 pandemic on Nigeria’s stock market using daily data from 23rd March to 29th May 2020. The results of the bounds test to cointegration indicate that a long-run relationship exist between the COVID-19 outbreak and stock market performance. The estimation results demonstrate that COVID-19 (proxied by the number of confirmed cases of infection, the number of deaths and lockdown) has a negative impact on stock market performance in the long-run and the short-run. The results of the stability test reveal that the relationship between COVID-19 pandemic and stock market is stable over the long-run. The study recommends policies to reduce the spread of the virus to lessen its negative impact on the stock market in Nigeria.Item Financial Inclusion: A Panacea for National Development in Nigeria(Faculty of Social Sciences, Federal University of Lafia, 2019) Musa Abdullahi Sakanko; Nurudeen AbuDevelopment is a key factor in every society, although, the understanding of the concept differs from society to society. That is, each society has ways of developing itself passing through the necessary developmental stages. The success of these stages is a function of many key policies, programmes, and initiatives. The study employed the Autoregressive Distributed Lag (ARDL) bounds testing technique to empirically examine the effect of financial inclusion on national development in Nigeria from 1980 to 2018. The empirical result indicates the existence of Co-integration (long-run) relationship between national development (proxy by Human Development Index-HDI) and financial inclusion (measured by access to financial institutions, access to ATM facilities, access to credit, and the credit to the private sector). In addition, the result demonstrates the presence of statistically significant positive impact of access a bank, ATM facilities, and credit on national development, as well as the existence of significant negative impact of credit to the prive sector on national development in the long run. Equally, in the short run, it was discovered that, while access to the bank in the current and previous year, and the access to ATM facilities in the past year impact on national development positively. In essence, while these entails the tendency of improved level of financial inclusion enhancing national development, policy makers are therefore recommended to put in place strategies which will further enhance the level of financial inclusion in the country