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Papers by alwell nteegah

Journal of economics, finance and management studies, Jun 17, 2024

International journal of research and innovation in social science, 2024

Asian Journal of Advanced Research and Reports, Apr 18, 2024

Asian journal of economics, business and accounting, Feb 21, 2024

International Journal of Economics and Management Studies, Dec 29, 2023

International journal of research and innovation in social science, Dec 31, 2022

International Journal of Economics and Management Studies, Sep 29, 2023

There is a rising need for the transition into a more sustainable energy resource base in Nigeria... more There is a rising need for the transition into a more sustainable energy resource base in Nigeria, which oftentimes becomes a thing of concern to the government and the citizens to reflect on a sustainable energy system. It is important to note that policymakers have a great role to play in regulating the affairs of energy supply, as most of the infrastructure is determined by the dynamics and structure of the energy systems. With this, the quest to understand the energy system is at its zenith. This study focuses on exploiting natural gas as a transition fuel, capable of driving industrialization and improving the Nigerian economy. This study used exploratory research tools to investigate the dynamics of adopting gas as a transition fuel for driving industrialization in the Nigerian energy ecosystem. Secondary data from archives and published documentation linked to the Nigerian energy systems were used for the analysis and to derive useful insights for the validation of the objectives of this study. From the result of the analysis, three parameters were applied in the measurement of the energy systems to determine which system is best positioned to act as a transition fuel. They are: (1) The extraction rate of the energy system from its original source, (2) CO2 emission rate and content, (3) Carbon and other impurities contents. The proposed transition fuel (natural gas) showed the best response to the three parameters. Gas returned a 100% extraction rate; it was also observed that gas has the lowest CO2 emission of about 59.4% with a lower deposit of carbon content. This study concludes that there is a need for the Nigerian power system to tackle its energy challenges by adopting gas as a transition fuel in support of sustainable energy. It also suggests the combination of gas as a fuel with other advanced technologies for optimal industrialization of the nation. This study also affirms that to sustain energy supply, there is a need to monitor consumption rates and patterns adequately, and this dynamic should be considered as a primary deciding factor during policymaking.

International journal of research and innovation in social science, Dec 31, 2022

Zenodo (CERN European Organization for Nuclear Research), Sep 7, 2023

This paper investigates the contribution of domestic finance in reducing poverty in Nigeria from ... more This paper investigates the contribution of domestic finance in reducing poverty in Nigeria from 1990 to 2021. To achieve the objectives of the study, domestic finance was broken down into: Deposit money bank lending to the private sector, public sector, microfinance bank lending to the economy, government capital expenditures, and interest rate on lending while the poverty rate was proxied by Poverty. The research design employed in this study was an ex-post facto research design. The study employed the ARDL method of data analysis due to mixed order of stationarity of the variables. The finding shows that Deposit money banks' lending to the private sector, exhibited negative effect on poverty but such impact was significant. At the same time microfinance bank lending to the economy indicated negative effect with poverty rate in Nigeria. Also, government capital expenditure reported positive with poverty rate in Nigeria. In addition, interest rate on lending and deposit money bank lending to the private sector that exhibited positive effect with poverty rate in Nigeria. However, in the short run, only government capital expenditure had positive effect on poverty rate. Based on these findings, the study concludes as follows: Deposit Money Bank has insignificant effect on poverty rate in the long run. Government capital expenditure had insignificant positive impact on poverty rate in the short run. That a long run relationship exists between domestic finance and poverty rate in Nigeria. Based on these findings, the study recommends: Increase Deposit money banks' lending to the private sector to reduce poverty in Nigeria, Increase Microfinance bank lending to the economy and Reducing interest rate all these will help to grow the economy.

International Journal of Research and Innovation in Social Science

This paper investigated the impact of public sector investment on economic development in Nigeria... more This paper investigated the impact of public sector investment on economic development in Nigeria over the time period 1981-2021. In order to examined how public investment on economic services, social and community services and administrative services had affected economic development measured in terms of: standard of living, literacy rate and job creation, data were collected from CBN Statistical Bulletin and World Development Indicators for the period and analysed using the ARDL. This was done after carrying out descriptive analyses and testing for unit roots properties of the variables under investigation. The result shows that public investment in economic and administrative services improved living standard while public investment in social and community services retarded living standard in Nigeria both in the short and long run. Public investments in economic and administrative services were also friendly with literacy level in the long run while public investment in economic...

Zenodo (CERN European Organization for Nuclear Research), Jun 30, 2023

INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND ANALYSIS

This paper examines how fiscal federalism had enhanced socioeconomic development in Nigeria. Nige... more This paper examines how fiscal federalism had enhanced socioeconomic development in Nigeria. Nigeria has 36 states with political autonomy but depend on the federal government for economic survival since all productive activities belong to the federal government. Our analysis and discussion show that states with high production and revenue generation capacities were able to reduced poverty, create more jobs and improve literacy and human capital in spite of the federal government using most of their revenue to service states with less revenue generation capacity. The paper also reveals that almost all the states with very low production and revenue generation capacities have very high poverty level, unemployment and illiteracy level. Lagos, Rivers, Oyo and Ogun states were found to have generated more revenue than the rest states of the federation hence achieved higher level of economic development or socio-economic outcomes than other states. This implies that if the states are all...

Zenodo (CERN European Organization for Nuclear Research), Mar 1, 2022

Sustainable Development is the ability of a people to meet the present goals using the natural re... more Sustainable Development is the ability of a people to meet the present goals using the natural resources, without compromising the ability of future generations to meet their own needs. Sustainable Development is a new method of development that takes cognizance of the environment in its development strides. The Industrial Revolution in Europe had taken off with the exploitation of resource. The industrial revolution led to the proliferation of industries which manufactured household and industrial goods on a large scale. The industrial base expansion led to higher demands for resources to power the industry. Coal, petroleum and biomass that had been hitherto required for space heating and on a small scale were required in large quantities. Large mines were established and coal was exploited on an industrial scale. Along came oil and gas exploitation with Rockefeller leading the pack (Standard Oil) in the USA. The greater access to energy led to greater exploitation of resources. Ores were extracted, processed and smelted as input for industrial processing/manufacturing, where there were shortages in the provision of energy, biomass was used. The industrial Revolution led to rising standards of living and increased economic growth and development. Cities expanded and wants increased. Whole rivers were damned or diverted for the construction of hydropower dams for the provision of electricity, where the hydropower dams were insufficient, coal was utilized for electricity generation, where coal and hydropower dams were insufficient, nuclear power was employed to. As the cities expanded, swamps were filled to accommodate the expansion. Whole hills and mountains were levelled in the course of development. And Europe did develop…then North America and more recently in the past half a century; Asia. Whole continents have been brought from pristine existence into the 21 st Century and further. But at what cost? I.

Journal of Advances in Social Science and Humanities, 2018

This study examined how expenditure of state governments from the federation account has alleviat... more This study examined how expenditure of state governments from the federation account has alleviated poverty level in Nigeria. In order to achieved the objectives of the study, data on poverty level in 36 states of Nigeria, statutory revenue allocated to the states of the federation, value added tax revenue shared to the states, external debt incurred by the states and price level in the states over the period 2011 – 2016 were sourced from the National Bureau of Statistics and the Federal Ministry of Finance and examined using panel and partial eyciency frontier (PEF) analyses. The results of our investigation demonstrated that statutory revenue allocations and value added tax distributed to the tiers of government (states) have serious implication on poverty alleviation and improvement in welfare of the citizens in Nigeria. The study further shows that external debt incurred by states has negative implication on poverty as such debt diminished the welfare of the people by worsening ...

Applied Economics Letters, 2010

The paper analyses the causal relationship between electricity consumption and economic growth in... more The paper analyses the causal relationship between electricity consumption and economic growth in Lesotho for the period 1972-2011 by using autoregressive distributed lag bounds testing approach of cointegration. The results indicate that there is a stable long-term relationship between electricity consumption and economic growth, with the direction of causality running from economic growth to electricity consumption. These findings support the conservation hypothesis and imply that economic growth in Lesotho spurs electricity consumption, but not the other way round. Therefore, various energy conservation measures aimed at reducing electricity consumption and waste in Lesotho may not have a negative impact on economic growth.

Asian Journal of Advanced Research and Reports, Apr 15, 2024

This study employed the Autoregressive Distributed lag (ARDL) technique to investigate the effect... more This study employed the Autoregressive Distributed lag (ARDL) technique to investigate the effect of petroleum products pricing on price level in Nigeria over the period 1990-2022. In order to achieve the purpose of the study, data on inflation rate, price of premium motor spirit, price of automotive gas oil, price of household kerosene, price of compressed natural gas and price of crude oil were sourced from secondary source. The results of our analysis revealed that: in the long run, prices of Premium motor spirit and compressed natural gas retarded inflation level marginally while prices of automotive gas oil, dual purpose kerosene and crude oil spurred general price level marginally. Prices of premium motor spirit and compressed natural gas fueled inflation in the short run significantly while prices of automotive gas oil and crude retarded general price level. Price of dual-purpose kerosene had mixed but significant effect on price level. The study also found that a long run nexus existed between petroleum product prices and price level in Nigeria. Petroleum product prices had serious implications on the Nigeria's economy in the short run than Original Research Article

INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND ANALYSIS

The study investigated the impact of transnational trade on economic growth in Nigeria. To achiev... more The study investigated the impact of transnational trade on economic growth in Nigeria. To achieve the purpose of the study, transnational trade was disaggregated into: oil import, oil export, non-oil import, non-oil export, trade openness, foreign direct investment share of real gross domestic product and real effective exchange rate and regressed on economic growth proxied by growth rate of real GDP. Data on the variables above were sourced from the Central Bank of Nigeria statistical Bulletin and the World Bank database. The data were analysed using the Autoregressive and Distributed Lag (ARDL) approach due to the mixed order of stationarity of the variables. The results indicate that in the short run, non-oil export has positive and significant impact on economic growth while oil import and FDI share of real GDP have negative and significant effect on economic growth. The long run result shows that: oil import has direct and insignificant effect on growth while non-oil import, n...

Asian Journal of Economics, Finance and Management, Jun 23, 2021

Journal of Economics, Business and Management, 2020

African Economic and Management Review

Electricity Markets are a prominent phenomenon in the developed world. Numerous countries across ... more Electricity Markets are a prominent phenomenon in the developed world. Numerous countries across Europe, North America and Southeast Asia have a fully developed electricity market. In these countries, the value chain from power generation could be complex yet elegant in simplicity. All aspects of the value chain are commercial whereby there are commercial entities that generate and sell power while others could purchase power in bulk and sell to end users. The markets are dynamic despite regulations. Competition is in-built such that buyers and sellers have the robustness of choices within a given grid system. This work aims to explore the opportunities available in Nigeria for the introduction of the deregulated Electricity Markets within the ambits of the regulations of NERC (Nigerian Electricity Regulations Commission). The Nigerian public power supply infrastructure is classified into GENCOs (Generating companies), DISCOs (Distribution companies), and the TCN (Transmission comp...