Entrepreneurship

Permanent URI for this collectionhttp://197.211.34.35:4000/handle/123456789/168

Entrepreneurship

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Start date: 2020

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Now showing 1 - 10 of 25
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    IMPACT OF FINANCIAL INCLUSION ON ACCESS TO HEALTH SERVICES IN NIGERIA
    (Journal of Economics and Finance, 2020) Musa Abdullahi Sakanko
    The study investigates the impact of financial inclusion on access to health services in Nigeria using the Autoregressive Distributive Lag (ARDL) model on the quarterly time-series data spanning from 2000Q1-2019Q4. The results of the bounds test to cointegration indicate that a long run relationship exists between Financial inclusion and access to health services. The estimation result shows that financial inclusion proxies (access to credit) have a positive and statistically significant effect on access to health services proxy (private health expenditure) both in the short run and long run. However, the number of commercial banks and deposit/savings ratio has a negative statistically significant effect on access to health services both in the short-run and long run. Therefore, the study recommends that the regulatory authority should address the rigid process of obtaining loans in Nigeria financial institutions to increase access to credit.
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    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.
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    Modelling the Effect of Financial Inclusion on SMEs in Nigeria
    (Al-Hikmah Journal of Economic (AJEC), 2021) Rosemary A. Anga; Musa Abdullahi Sakanko; Abdullahi Maria Adamu
    The study employed the Error Correction Model to examine the effect of financial inclusion on small and medium enterprises in Nigeria from 1990 – 2019. A co-integration relationship exists between small and medium enterprises and financial inclusion (measured by deposit/savings, access to financial institutions, and the credit to the private sector). The result revealed that financial inclusion (deposit/savings and access to banks) has a positive and statistically significant effect on small and medium enterprises in the study period. However, access to credit has a significant and negative effect on small and medium enterprises. Based on these findings, policymakers are therefore advised to put in place strategies that will further enhance the level of financial inclusion through access to financial institutions, deposit/savings, and provide favorable lending facilities climate to ease access to credit in Nigeria to improve SME's
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    Financial inclusion and Poverty reduction
    (Aryan Digital Press, 2020) Nurudeen Abu; Musa Abdullahi Sakanko
    Over time, it has been argued that economic growth is a powerful instrument for poverty reduction, the improvement of the standard of living and quality of life in developing countries. However, in recent times, increasing economic growth has not been influencing poverty reduction significantly and among other precarious development indicators, especially in developing countries. And with the growing number of extreme poverty resulting from lack of out-of-pocket among low-income households, this had prompted the principle of financial inclusion to become globally accepted due to poverty reduction role play in society. It is on this note that this chapter reviews the importance of financial inclusion on poverty reduction, the effect of financial exclusion on poor, financial education and how financial institutions can enhance financial inclusion to perform better poverty eradication roles. Thus, it concludes that financial inclusion provides a low-income household with affordable financial credit to jumpstart business which generates income to improve the living standard thus reducing poverty. It gives the household an opportunity to create values and use them to provide basic needs such as education, health, and nutrition. It also provides standby finance for health spending in case of health shocks through insurance and health savings accounts.
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    Women participation in nigerian economy: does governance matter?
    (European Journal of Social Impact and Circular Economy, 2020) Musa, Abdullahi Sakanko; Dakwal, Solomon Mangut
    This study examines the effect of governance measures (control of corruption, accountability, and effectiveness of government) on women's participation in Nigerian economy using annual time-series data for 29 years spanning from 1990 - 2019. The Autoregressive and Distributive Lag (ARDL) Bounds test discloses the existence of a long-run co-integration relationship between accountability, control of corruption, effectiveness of government and women participation in the labor force. The empirical results obtained revealed that both in the short-run and in the long-run, accountability and the percentage of female employment have a positive and statistically significant effect on women's participation in Nigeria. Although, the effectiveness of governance shows negative and statistically insignificant effect both in the short-run and in the long-run while the control of corruption exerted a negative and statistically significant impact both in the short-run and long-run. Therefore, the study recommends that the government at all levels should ensure that accountability prevails in every sector, to allow fair play in representation, employment, and diffusion of decisions to strengthen and energize women's participation.
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    THE EFFECT OF AGGREGATE INSTITUTIONAL QUALITY ON FOREIGN DIRECT INVESTMENT IN NIGERIA: EVIDENCE FROM NARDL
    (Economics & Law, 2020) MUSA ABDULLAHI SAKANKO; JAMES OBILIKWU; JOSEPH DAVID
    The vital role of foreign direct investment has been widely studied and documented in the economic literature; however, the argument remains largely on identifying the main determinants of FDI to developing countries. It is on this note, the quantitative research method was adopted to investigates the asymmetric relationship between aggregate institutional quality and foreign direct investment in Nigeria using the Nonlinear Autoregressive Distributive Lag (NARDL) model on quarterly time-series data from 1999 Q1 – 2019 Q4. The bounds test obtains revealed that long-run co-integrating relationship exist among the variables. The NARDL result shows that both in the short-run and long-run aggregate institutional quality have asymmetric and a statistically significant effect on foreign direct investment. The study recommends that the government should establish or strengthen the quality of institutional indicators and legal framework to assure confidence in the system to motivate Foreign Direct Investment (FDI) inflow.
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    THE DETERMINANTS OF DOMESTIC INVESTMENT IN NIGERIA: A NEW EVIDENCE FROM NON-LINEAR AUTOREGRESSIVE DISTRIBUTED LAG (NARDL) MODEL
    (Economics and Management, 2020) Joseph David; Musa Abdullahi Sakanko; James Obilikwu
    This study employs an extended Nonlinear ARDL cointegration approach to examine the determinants of domestic investment in Nigeria over the 1980-2018 period. The result from bound testing reveal the presence of cointegrating relationship between domestic investment and the included variables. The empirical evidence demonstrates that domestic investment in Nigeria is determined by inflation, real interest and exchange rate, government spending, electric power consumption, savings, per capita income, credit to private sector and the interaction between government spending and oil price in the short-run; and inflation, interest and exchange rate, government spending, internal conflict, savings, and interaction between oil price and government spending in the long-run. The results also suggest that the impact of increase in interest, inflation and exchange rate is statistically different from their decrease. In essence, this study recommends the increase in government capital expenditure, savings, diversification of the economy, reduction of lending interest rate, maintenance of investment-friendly inflation rate, and conflicts control.
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    THE BEHAVIOUR OF TAX REVENUE AMID CORRUPTION IN NIGERIA: EVIDENCE FROM THE NON-LINEAR ARDL APPROACH
    (Economic Studies, 2022) Nurudeen Abu; Mohd Zaini Abd Karim; Joseph David; Musa Abdullahi Sakanko; Onyewuchi Amaechi Ben-Obi; Awadh Ahmed Mohammed Gamal
    One of Nigeria’s greatest challenges is the generation of adequate tax revenue to meet her rising expenditure, and the country has continued to contend with corruption, particularly in its public sector. We employ the non-linear autoregressive distributed lag (NARDL) technique to examine tax revenue behaviour amid corruption using Nigeria’s quarterly data over the 1999-2019 period. The result of the NARDL bounds test to cointegration demonstrates the presence of a long-run relationship between tax revenue and corruption along with income level, agriculture, inflation rate, foreign aid and female labour force participation. The results of estimation indicate the existence of asymmetry in tax revenue behaviour. We find evidence of a significant positive impact of negative changes in the control of corruption and a significant negative effect of positive changes in the control of corruption on tax revenue in the long run. Other long-run significant determinants of tax revenue in Nigeria include income level, foreign aid and female labour force participation. Based on these empirical outcomes, this study offers some recommendations.
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    The Asymmetric Effect of Oil Price on the Exchange Rate and Stock Price in Nigeria
    (International Journal of Energy Economics and Policy, 2021) Kamaldeen Ajala; Musa Abdullahi Sakanko; Sesan Oluseyi Adeniji
    The study examines the asymmetric effect of oil price on the exchange rate and stock price using the nonlinear autoregressive distributive lag (NARDL) technique on the time-series data spanning from January 1996 to September 2020. The multivariate cointegration test showed evidence of a longrun relationship among the stock price, exchange rate, and oil price. The linear Granger causality test showed that stock price is granger caused by oil price and exchange rate, and oil price is granger cause by stock price and exchange rate. The nonlinear granger causality showed evidence of nonlinearity using the BDS test. The Dick-Panchenko non-parametric and nonlinear Granger causality test in a contrary to the linear Granger causality test showed a unidirectional nonlinear causality from exchange rate to stock price at 10% level, and from oil price to exchange rate at 1% and 10% levels respectively. The result from the nonlinear ARDL revealed that change in oil price impacted asymmetrically on the exchange rate and stock price both in the short-run and long-run. The study recommends that the revenue generated from increasing oil price should be used for developing and reinstalling decayed infrastructure and oil-exporting countries should develop mechanisms and strategies that will ensure fair stability in the capital markets irrespective of the shocks in oil price.
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    Re-Examination Of Nigeria Agricultural Expenditure: Governance Perspectives
    (International Journal of Economics Development Research, 2020) Musa Abdullahi Sakanko
    The weapon of every growing economy can be associated with governance, as good governance put all action and inaction in one basket and make sure that is channel through transparent, effective, and accountable to provide enabling atmosphere for the economy to strive for the betterment of the citizen. It is on this remark, this study investigates the effect of governance in the agricultural expenditure in Nigeria, Error Correction mechanism was employed on the time-series data collected from National statistics bulletins and the empirical results revealed that accountability and corruption control have a positive and statistically significant effect on the agricultural expenditure in the short run within the sample period. However, the agricultural output was found to have a decline effect on the agricultural expenditure in the short run in Nigeria. This study, therefore, recommended that the government at all levels should ensure that corrupt governance is fought or reduced to a minimum level in order to achieve an effective allocation of funds to the agricultural sector to improve performance and contribution to economic growth and development. Accountability should be adopted in every level of government to reduce waste, encourage competence and consistency, liable, responsible to promote investment, and ethics.