School of Innovative Technology (SIT)

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School of Innovative Technology (SIT)

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    ANALYSIS OF THE IMPACT OF TAX REVENUE ON THE ECONOMIC ACTIVITIES OF NIGER STATE
    (KEBBI JOURNAL OF ECONOMICS AND SOCIAL SCIENCE (KJESS), 2019) Musa Abdullahi Sakanko; Umma Yahaya Sufiyanu; Joseph David
    The relevance of tax revenue cannot be overemphasized especially with the recent declining on the federal allocation and diversion of most revenue to the rehabilitation of Northeast. Both the federal and state governments have been on their stand to diversify revenue bases available to them and attention is now being shift to other sectors and government parastatals that can yield revenue to the government. On this note, Availability and mobilization of revenue is the fundamental factor to which any economy is managed and run. The main objective of this study is to examine the impact of tax revenue on the economic activities of Niger state, employed a logistic regression model to analyze the primary data. The results revealed that tax revenue has a positive and statistical insignificance impact on the economic activities of the Niger state. Tax evasion, tax avoidance, illiterate, corruption, and tax collector habits, had a decline effect on tax revenue in Niger state and statistically significant. However, tax administrator and poor management have a positive effect on tax revenue but the former is statistically insignificant and later statistically significant. Thus, the study concludes that effective and efficient tax policy is a necessary component of an economic policy, for a state to sustain and strengthen its economic activities and compete favorably with the neighboring states. Therefore, recommends, the government to put more effort in revenue since tax revenue serves as a source of funding for government in undertaking infrastructural development. This could be achieved by improving efficiency in tax administration by strengthening, rewarding, modernizing collection and streamlines of tax exemptions.
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    OIL PRICE VOLATILITY AND BALANCE OF PAYMENTS (BOP): EVIDENCE OF NIGERIA
    (Bingham Journal of Economics Allied Studies (BJEAS), 2019) Musa Abdullahi Sakanko; James Obilikwu; Joseph David
    This study examines the effect of oil price volatility on Nigerian Balance of Payment (BOP) from 1980 to 2017, using the Autoregressive Distributed Lag (ARDL) bound testing technique, and the Autoregressive Conditional Heteroscedasticity (ARCH)-type model (EGARCH-M) to examine the nature and behaviour of Nigeria’s oil (Bonny light) price volatility. The results from the ARCH-type model (EGARCH-M(1,1)) indicate that the Nigeria’s oil price volatility is not mean reverting, with negative shocks generating more impact than positive shocks, which is determined negatively by global oil supply and negatively by world oil demand. Equally, while the result of the ARDL bound test confirms the presence of co-integrating (long-run) relation between Balance of Payment and oil price volatility (and oil export and economic growth), the result from the ARDL model indicates the presence of significant negative relationship between oil price volatility and Balance of Payments in Nigeria, thus indicating the negative effect (deficit) of oil price volatility on Nigeria’s BOP, due to the overreliance and dependence of the economy on oil export. The study therefore recommends the diversification of Nigeria’s export basket, for enhanced participation of non-oil products, coupled with the adoption of the Petroleum Industry Bill (PIB), so as to enhance the productivity and performance of the country’s oil and gas industry, and making it internationally competitive
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    The Relationship between Poverty and Energy Use in Niger State
    (UMYUK Journal of Economics and Development (UJED), 2018) Musa Abdullahi Sakanko; Joseph David
    The paper examined the relationship between poverty and energy use in Niger state, Nigeria using a cross-sectional data randomly collected from 156 respondents in the State across the three senatorial zones. Employing descriptive statistics and Logit regression model, the result obtained revealed the existence of an inverse relationship between poverty and energy use in Niger state and statistically significant, while a proportionate relationship between income level and energy use was established which upheld the energy ladder hypothesis. Availability and affordability of modern energy relative to traditional energy negatively influence the use of modern energy in the state. The study thus recommends the actions of the government towards the reduction of poverty and increasing income level of individuals in the state as well as the enhancement of the availability and affordability of modern energy sources in the state.
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    The Role of Religion in Poverty Alleviation: Evidence from Nigeria
    (UMYUK Journal of Economics and Development (UJED), 2018) Musa Abdullahi Sakanko; Joseph David
    The religion, due to its proximity to the poor, remains one of the major stakeholders of poverty alleviation. The paper studied the role of religion in alleviating poverty in Nigeria using a 250 crosssectional data randomly collected across the country. Employing descriptive statistics and Logistics (Logit) regression model, the result obtained revealed that Religion; Zakah; the provision and creation of jobs by religious bodies; and conflict resolution are increasing functions of poverty in Nigeria, while Tithing; charity (Waqf); Educational aid (scholarships); and the provision of social amenities by religious bodies are poverty alleviating mechanisms in the county. The authors thus recommends the actions of the clerics of individual religious groups in the county to further encourage individuals towards charity/alms giving, provision of social amenities, scholarships and the compliance with Zakah
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    PRUDENT MACROECONOMIC MANAGEMENT AND POVERTY REDUCTION: EMPIRICAL EVIDENCE FROM NIGERIA
    (DUTSE INTERNATIONAL JOURNAL OF SOCIAL AND ECONOMIC RESEARCH (DIJSER), 2019) Joseph David; Musa Abdullahi Sakanko; Ladan Amina Shuni
    This study employs the ARDL bound testing technique to empirically investigate the impact of prudent macroeconomic management on poverty reduction in Nigeria from 1980 to 2017. Empirical results indicates the existence of co-integrating (long-run) relationship between poverty and macro-economic variables (economic growth, inflation rate, exchange rate, employment rate, Balance of Payments, loan and credit, lending interest rate, agricultural sector’s growth, and democracy). In addition, the results demonstrate that in the short-run, the past value of poverty rate, economic growth, exchange rate, Balance of Payments, and lending interest rate have a significant negative impact on poverty, while employment rate impact poverty positively in the short-run. Therefore, recommended the policy makers should put in place police programmes that will increase the growth of Nigerian economy by increasing effective loan and credit, employment and jobs, Balance of Payments surplus, agricultural growth, and democracy while reducing and stabilizing the general price level, exchange rate, and lending interest rate.
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    Trade Openness And Inflation: Empirical Explanation of The Nexus In Nigeria
    (International Journal of Social Sciences and Economic Review, 2019) Musa Abdullahi Sakanko; Joseph David
    This study aims to examine the effect of trade openness on the inflation rate in Nigeria using time series data collected from secondary sources. The data were analyzed using EViews10, revealing a cointegrating and one-way Granger causality relationship between the inflation rate and trade openness. Both short-run and long-run results demonstrate a significant and negative relationship between the inflation rate and trade openness in Nigeria. These findings are crucial for governments and policymakers when making decisions regarding the consumer price index and trade openness. We conclude that the government should work towards full diversification of the economy away from oil exports, manage the degree of trade liberalization, control the influx of goods, and regulate the money supply. This study adds to the debate on the inflation rate and trade openness in Nigeria, addressing both short-run and long-run effects. It also highlights the need for further research, given the limited studies focusing on the impact of trade openness measured as the value of net export divided by gross domestic product. Finally, this paper contributes to the scant literature on this subject.
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    The Effect of Electronic Payment Systems on Financial Performance of Microfinance Banks in Niger State
    (Jurnal Bisnis dan Manajemen, 2019) Musa Abdullahi Sakanko; Joseph David
    This study employs the cross sectional survey research design and the descriptive and ordinary least square regressions to examine the impact of Electronic-Payment Systems on the financial performance of Microfinance Banks and Institutions in Niger state, Nigeria. The results of the analysis indicate the presence of e-payment systems in the bank, which enjoys impressive acceptability, due to its ease of use and convenience. In addition, ATM facility, Internet payment options, e-payment cards, and mobile banking platforms shows a significant positive impact on the financial performance of COE-Minna microfinance bank. In essence, the improvement and review of e-payment platforms’ security, so as to attract more users, coupled with the reduction of charges associated with the use of the platforms as well as sensitization of potential users were recommended.
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    The Effect of Democratic Zoning System on Nigeria Economy: Evidence of Niger State
    (Etikonomi: Jurnal Ekonomi, 2018) Musa Abdullahi Sakanko; Joseph David
    The introduction of the zoning system into Nigeria political space was to aid the smooth rotation of key political positions across the country. This policy is to achieve fairness, peace and equitable distribution of resource. Its adverse effect on the economy is thus something to worry about. Therefore, the study examines the effect of democratic zoning system on the economy of Nigeria, with special reference to Niger state. Employing descriptive statistics and multiple regressions. The results revealed that the elements of democratic zoning vis-àvis; peace, equity, unity and justice has a positive and significant effect on the growth of the Nigeria economy. The authors thus recommends the government at both levels should focus on providing simultaneous development projects to pave way for peace and unity, zoning system should be incorporated into the Nigeria constitution, unbiased and equitable distribution of resources across the economy.
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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.