Adamu Jibrilla | Adamawa State University (original) (raw)
Papers by Adamu Jibrilla
The need for a sustainable development makes several if not all countries across the globe to ope... more The need for a sustainable development makes several if not all countries across the globe to open their economies to foreign investors. Nigeria is not an exception in this direction, as all developing countries aim at attracting quality foreign direct investment in order supplement domestic investment and to explore the positive spill over effects associated with the investments. This study employs up-to-date data on FDI inflows from the United States to Nigeria from 1982 to 2017 sourced from the Bureau of Economic Analysis to forecast the future trend of the FDI inflows and its growth. Out -of -sample forecast has been done using the latest Excel 2016 to provide forecast for the U.S FDI to Nigeria over the next ten years. The study reveals that foreign direct investment from the U.S will maintain a slow positive upward trend with the growth rates of 2 to 3 percent over the forecast periods. The study therefore recommends that both the Government and policy makers should not only s...
This study investigates the impact of Dutch disease on agriculture sector in Nigeria for the peri... more This study investigates the impact of Dutch disease on agriculture sector in Nigeria for the period of 35 years. It examines the causal as well as long run relationship between Dutch disease and agriculture sector in Nigeria over the study period. It is empirically evident that increase in only a single growing sector (oil sector) adversely affects the growth and development of other sectors in an economy. The study uses econometric regression tool to estimate the multivariate model, correlation analysis, OLS, Unit root test, Johansen co-integration test, vector error correction mechanism as well as granger causality have been used in the analysis of data. The result reveals that Crude oil prices (COP) negatively affects the Agricultural output (AGO). All the variables used except inflation rate (INF) are found to have the same order of integration that is, I(1) and also a long-run co-integration relationship among Agricultural output (AGO), Crude oil prices (COP), Real Gross Domest...
This study examines the impact of FDI spillovers on productivity of firms in the manufacturing se... more This study examines the impact of FDI spillovers on productivity of firms in the manufacturing sector in Nigeria. While there are numerous studies focusing on the direct impact of FDI in Nigeria, only very few studies have investigated the spillover effects of FDI on productivity. The study uses firm level panel survey data obtained from the World Bank’s Enterprise Survey. The techniques of analysis used are pooled OLS, random effects and generalised method of moments (GMM). Our results show that there is presence of significant FDI spillover effects in the manufacturing sector in Nigeria. We find positive and significant impact of FDI spillovers through the horizontal and forward channels while backward FDI spillover has a negative and significant impact on productivity. While the result of horizontal and forward spillovers can be attributed to the competitiveness of local firms and quality of inputs from foreign owned suppliers respectively, the negative backward spillover may be ...
The study of FDI spillover effects on domestic firms in developing countries has attracted the at... more The study of FDI spillover effects on domestic firms in developing countries has attracted the attention of many researchers over the past few decades. This study examines the role of country of origin of foreign investors in influencing FDI spillovers in the manufacturing sector in Nigeria using survey data from the World Bank Enterprise Survey published in 2018. Our study differs from previous FDI studies in the sense that existing studies in Nigeria did not pay attention to the country of origin of foreign investors in the analysis of FDI spillover effects. We follow the methodology of Javorcik (2004) in constructing the FDI spillover variables and use the augmented Cobb-Douglas production function to estimate the spillover effects of FDI on productivity of local firms where we incorporate investors’ origin. Pooled OLS is used for the estimation of the parameters. The results of the regression analysis show that investors that originated from Europe have positive and statisticall...
The establishment of the African Continental Free Trade Area (CFTA) has generated many controvers... more The establishment of the African Continental Free Trade Area (CFTA) has generated many controversies across the globe as Nigeriathe giant of Africa and the largest economy in the continent declined to join. The reason was that Nigeria needed more time for consultations. This study is an attempt to help the government and policy makers in their search for answers regarding joining the CFTA. It is also essential for other African countries government’s leaders who are still waiting for objective answers. Using secondary data from Central Bank of Nigeria, this study discovers that Nigeria can well fit into the Free Trade Area. In fact, Nigeria has the opportunity to benefit from the Free Trade Area more than any other country in the continent. The benefits can be maximised if Nigeria improves its infrastructures, develop human capital, empower youths and women, develop agricultural sector, encourage value addition, attract quality foreign direct investment, design and implement policie...
International Journal of Humanities and Social Science Research, 2018
This study was conducted on the “Inflation and Economic Growth Nexus in Nigeria” using annual tim... more This study was conducted on the “Inflation and Economic Growth Nexus in Nigeria” using annual time series data from 1961 to 2014. The aim of the study was to determine the relationship between inflation and economic growth in Nigeria for a longer period of 54 years. This study was organized into five different sections. Section I was on introduction, section II was on literature review and empirical literature, section III dealt with the methodology of the study, section IV was on the results and discussions while section V was on conclusion and recommendations. Preliminary tests of stationarity were conducted and the series under investigation were found to be I(0) variables. The study employed the use of Ordinary Least Squares method, Johansen Cointegration method, Error Correction mechanism and Granger Causality method to ascertain both the impact of inflation on economic growth as well as the relationship between the two variables. The result of the OLS regression analysis revea...
The need for a sustainable development makes several if not all countries across the globe to ope... more The need for a sustainable development makes several if not all countries across the globe to open their economies to foreign investors. Nigeria is not an exception in this direction, as all developing countries aim at attracting quality foreign direct investment in order supplement domestic investment and to explore the positive spill over effects associated with the investments. This study employs up-to-date data on FDI inflows from the United States to Nigeria from 1982 to 2017 sourced from the Bureau of Economic Analysis to forecast the future trend of the FDI inflows and its growth. Out-of-sample forecast has been done using the latest Excel 2016 to provide forecast for the U.S FDI to Nigeria over the next ten years. The study reveals that foreign direct investment from the U.S will maintain a slow positive upward trend with the growth rates of 2 to 3 percent over the forecast periods. The study therefore recommends that both the Government and policy makers should not only sustain the trend but to explore all necessary legal avenues to attract more FDI from U.S into various sectors that have employment and linkage potentials such as the manufacturing and agricultural sectors.
The establishment of the African Continental Free Trade Area (CFTA) has generated many controvers... more The establishment of the African Continental Free Trade Area (CFTA) has generated many controversies across the globe as Nigeria-the giant of Africa and the largest economy in the continent declined to join. The reason was that Nigeria needed more time for consultations. This study is an attempt to help the government and policy makers in their search for answers regarding joining the CFTA. It is also essential for other African countries government's leaders who are still waiting for objective answers. Using secondary data from Central Bank of Nigeria, this study discovers that Nigeria can well fit into the Free Trade Area. In fact, Nigeria has the opportunity to benefit from the Free Trade Area more than any other country in the continent. The benefits can be maximised if Nigeria improves its infrastructures, develop human capital, empower youths and women, develop agricultural sector, encourage value addition, attract quality foreign direct investment, design and implement policies that will allow easy access to finance by investors and above all, tackle the insecurity situation in the country.
The Nigerian action of declining to sign the agreement for creating the biggest regional free tra... more The Nigerian action of declining to sign the agreement for creating the biggest regional free trade area in the world may not be justified. The creation of the African Continental Free Trade Area was a welcome development in the continent but Nigeria, which is the largest economy and most populous country in the region, decided to withdraw from signing the agreement. This study uses data employs a descriptive analysis of data sourced from the annual reports of the Central Bank of Nigeria and finds that Nigeria can benefit more than any other country in the region. Hence, joining the Continental Free Trade Area will be a good decision if the objective of the government is to improve the productivity of the private sector as well as the welfare of the people. However, the major obstacles to doing business in Nigeria, must be address. These issues are the poor electricity supply, difficulty in accessing finance, corruption, tax rates and transport.
The need for a sustainable development makes several if not all countries across the globe to ope... more The need for a sustainable development makes several if not all countries across the globe to open their economies to foreign investors. Nigeria is not an exception in this direction, as all developing countries aim at attracting quality foreign direct investment in order supplement domestic investment and to explore the positive spill over effects associated with the investments. This study employs up-to-date data on FDI inflows from the United States to Nigeria from 1982 to 2017 sourced from the Bureau of Economic Analysis to forecast the future trend of the FDI inflows and its growth. Out -of -sample forecast has been done using the latest Excel 2016 to provide forecast for the U.S FDI to Nigeria over the next ten years. The study reveals that foreign direct investment from the U.S will maintain a slow positive upward trend with the growth rates of 2 to 3 percent over the forecast periods. The study therefore recommends that both the Government and policy makers should not only s...
This study investigates the impact of Dutch disease on agriculture sector in Nigeria for the peri... more This study investigates the impact of Dutch disease on agriculture sector in Nigeria for the period of 35 years. It examines the causal as well as long run relationship between Dutch disease and agriculture sector in Nigeria over the study period. It is empirically evident that increase in only a single growing sector (oil sector) adversely affects the growth and development of other sectors in an economy. The study uses econometric regression tool to estimate the multivariate model, correlation analysis, OLS, Unit root test, Johansen co-integration test, vector error correction mechanism as well as granger causality have been used in the analysis of data. The result reveals that Crude oil prices (COP) negatively affects the Agricultural output (AGO). All the variables used except inflation rate (INF) are found to have the same order of integration that is, I(1) and also a long-run co-integration relationship among Agricultural output (AGO), Crude oil prices (COP), Real Gross Domest...
This study examines the impact of FDI spillovers on productivity of firms in the manufacturing se... more This study examines the impact of FDI spillovers on productivity of firms in the manufacturing sector in Nigeria. While there are numerous studies focusing on the direct impact of FDI in Nigeria, only very few studies have investigated the spillover effects of FDI on productivity. The study uses firm level panel survey data obtained from the World Bank’s Enterprise Survey. The techniques of analysis used are pooled OLS, random effects and generalised method of moments (GMM). Our results show that there is presence of significant FDI spillover effects in the manufacturing sector in Nigeria. We find positive and significant impact of FDI spillovers through the horizontal and forward channels while backward FDI spillover has a negative and significant impact on productivity. While the result of horizontal and forward spillovers can be attributed to the competitiveness of local firms and quality of inputs from foreign owned suppliers respectively, the negative backward spillover may be ...
The study of FDI spillover effects on domestic firms in developing countries has attracted the at... more The study of FDI spillover effects on domestic firms in developing countries has attracted the attention of many researchers over the past few decades. This study examines the role of country of origin of foreign investors in influencing FDI spillovers in the manufacturing sector in Nigeria using survey data from the World Bank Enterprise Survey published in 2018. Our study differs from previous FDI studies in the sense that existing studies in Nigeria did not pay attention to the country of origin of foreign investors in the analysis of FDI spillover effects. We follow the methodology of Javorcik (2004) in constructing the FDI spillover variables and use the augmented Cobb-Douglas production function to estimate the spillover effects of FDI on productivity of local firms where we incorporate investors’ origin. Pooled OLS is used for the estimation of the parameters. The results of the regression analysis show that investors that originated from Europe have positive and statisticall...
The establishment of the African Continental Free Trade Area (CFTA) has generated many controvers... more The establishment of the African Continental Free Trade Area (CFTA) has generated many controversies across the globe as Nigeriathe giant of Africa and the largest economy in the continent declined to join. The reason was that Nigeria needed more time for consultations. This study is an attempt to help the government and policy makers in their search for answers regarding joining the CFTA. It is also essential for other African countries government’s leaders who are still waiting for objective answers. Using secondary data from Central Bank of Nigeria, this study discovers that Nigeria can well fit into the Free Trade Area. In fact, Nigeria has the opportunity to benefit from the Free Trade Area more than any other country in the continent. The benefits can be maximised if Nigeria improves its infrastructures, develop human capital, empower youths and women, develop agricultural sector, encourage value addition, attract quality foreign direct investment, design and implement policie...
International Journal of Humanities and Social Science Research, 2018
This study was conducted on the “Inflation and Economic Growth Nexus in Nigeria” using annual tim... more This study was conducted on the “Inflation and Economic Growth Nexus in Nigeria” using annual time series data from 1961 to 2014. The aim of the study was to determine the relationship between inflation and economic growth in Nigeria for a longer period of 54 years. This study was organized into five different sections. Section I was on introduction, section II was on literature review and empirical literature, section III dealt with the methodology of the study, section IV was on the results and discussions while section V was on conclusion and recommendations. Preliminary tests of stationarity were conducted and the series under investigation were found to be I(0) variables. The study employed the use of Ordinary Least Squares method, Johansen Cointegration method, Error Correction mechanism and Granger Causality method to ascertain both the impact of inflation on economic growth as well as the relationship between the two variables. The result of the OLS regression analysis revea...
The need for a sustainable development makes several if not all countries across the globe to ope... more The need for a sustainable development makes several if not all countries across the globe to open their economies to foreign investors. Nigeria is not an exception in this direction, as all developing countries aim at attracting quality foreign direct investment in order supplement domestic investment and to explore the positive spill over effects associated with the investments. This study employs up-to-date data on FDI inflows from the United States to Nigeria from 1982 to 2017 sourced from the Bureau of Economic Analysis to forecast the future trend of the FDI inflows and its growth. Out-of-sample forecast has been done using the latest Excel 2016 to provide forecast for the U.S FDI to Nigeria over the next ten years. The study reveals that foreign direct investment from the U.S will maintain a slow positive upward trend with the growth rates of 2 to 3 percent over the forecast periods. The study therefore recommends that both the Government and policy makers should not only sustain the trend but to explore all necessary legal avenues to attract more FDI from U.S into various sectors that have employment and linkage potentials such as the manufacturing and agricultural sectors.
The establishment of the African Continental Free Trade Area (CFTA) has generated many controvers... more The establishment of the African Continental Free Trade Area (CFTA) has generated many controversies across the globe as Nigeria-the giant of Africa and the largest economy in the continent declined to join. The reason was that Nigeria needed more time for consultations. This study is an attempt to help the government and policy makers in their search for answers regarding joining the CFTA. It is also essential for other African countries government's leaders who are still waiting for objective answers. Using secondary data from Central Bank of Nigeria, this study discovers that Nigeria can well fit into the Free Trade Area. In fact, Nigeria has the opportunity to benefit from the Free Trade Area more than any other country in the continent. The benefits can be maximised if Nigeria improves its infrastructures, develop human capital, empower youths and women, develop agricultural sector, encourage value addition, attract quality foreign direct investment, design and implement policies that will allow easy access to finance by investors and above all, tackle the insecurity situation in the country.
The Nigerian action of declining to sign the agreement for creating the biggest regional free tra... more The Nigerian action of declining to sign the agreement for creating the biggest regional free trade area in the world may not be justified. The creation of the African Continental Free Trade Area was a welcome development in the continent but Nigeria, which is the largest economy and most populous country in the region, decided to withdraw from signing the agreement. This study uses data employs a descriptive analysis of data sourced from the annual reports of the Central Bank of Nigeria and finds that Nigeria can benefit more than any other country in the region. Hence, joining the Continental Free Trade Area will be a good decision if the objective of the government is to improve the productivity of the private sector as well as the welfare of the people. However, the major obstacles to doing business in Nigeria, must be address. These issues are the poor electricity supply, difficulty in accessing finance, corruption, tax rates and transport.