Dr. Ibrahim Musa | University of Abuja, Nigeria (original) (raw)
Papers by Dr. Ibrahim Musa
SDMIMD Journal of Management
The study examines how privatization affects public corporations’ corporate governance efficiency... more The study examines how privatization affects public corporations’ corporate governance efficiency in the management of the liquidity ratio of the Nigerian cement industry. The observed variables are liquidity ratio and fourteen Corporate Governance proxies as dependent variables and independent variables. Secondary data were outsourced from the cement firms. Descriptive statistics and Pooled OLS regressions were used for analysis. Results suggest that the factors affecting corporate governance efficiency and causing capacity underutilization in the cement industry are macro-economic challenges and the weak private sector. The average total market value of shares, average foreign ownership, the average percentage of executive directors and average workforce has a positive impact on the Cement industry’s performance. However, privatization harms the performance of the company. Likewise, corporate governance has a significant impact on the liquidity ratio of the 1cement industry in Nig...
Journal of economics and sustainable development, 2016
Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatc... more Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatched by government revenues. This has resulted in the need for government borrowing. Hence, an investigation of the impacts of National Debt on Economic performance is highly essential. This research work examined the impact of Domestic Debt on Economic performance in Nigeria. The data used were secondary source and the period of analysis covered 1970 – 2013. The models were estimated via the least square(s) method to ascertain the relationship between Domestic Debt and Economic growth, Inflation and Unemployment, after stationary test was conducted on the data. Multiple regression analysis was used to analyze the effect of Domestic Debt on inflation, Economic growth and unemployment. Domestic debt has a negative but insignificant impact on economic growth in Nigeria, Domestic debt also has a negative impact on unemployment, and however, the relationship is not statistically significant....
Applied Journal of Economics, Management and Social Sciences
This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. Th... more This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant e...
Indonesian Journal Of Business And Economics
ABSTRACTThis study examines the impact of financial inclusion on economic growth in Nigeria from... more ABSTRACTThis study examines the impact of financial inclusion on economic growth in Nigeria from 1986 to 2020. The Zivot-Andrew unit root test was used to examine the statistical characteristics of the data. The Zivot Andrew unit root test shows that while Automated Teller Machines and foreign direct investment are stationary at level, the gross domestic product, commercial bank branches, and phone-based transactions are stationary at first difference. Bound test for long run shows that there is long run relationship among the variables of interest. According to the Auto Regressive Distributive Lag (ARDL) result, commercial bank branches in Nigeria have a short-term, positive, and significant impact on the country's gross domestic product. The Nigerian gross domestic product is negatively impacted by automated teller machines; however, this impact is negligible. The long run coefficient demonstrates positive and statistically significant influence of commercial bank branches on...
Inclusive Society and Sustainability Studies
Poverty is a disease that continues to cause insecurity and other forms of social vices in a coun... more Poverty is a disease that continues to cause insecurity and other forms of social vices in a country, which in turn affects the growth and development of the nation. The increasing poverty rate, especially in Nigeria, has become a complex problem that has resulted in economic degradation, which must be immediately resolved. Therefore, this study examines poverty and its intractability in Nigeria: causes and consequences. The study analyzes the data using Ordinary Least Square methods. The data were obtained from Federal Reserve Economic Data and the National Bureau of Statistics (NBS). The results indicate that the poverty rate will rise by 0.035375 and 2.564296 units, respectively, for every unit increase in population and unemployment (UMP). Besides, the result shows that a unit increase in the human development index (HDI) will lead to a -4.347621 decrease in the poverty rate in Nigeria. The framework affirms that poverty is an intractability in Nigeria. The study consequently su...
Asian Journal of Economics and Empirical Research
This study examines the impact of banking sector credit on Nigeria’s real sector based on data fr... more This study examines the impact of banking sector credit on Nigeria’s real sector based on data from 1986 to 2019 using the ARDL model. The bound testing result indicates that there is a long-run relationship between the variables of interest with real gross domestic product (RGDP) as the dependent variable. The result indicates that commercial bank credit (CBC) has a positive impact on RGDP in the long and short runs, which is consistent with a priori expectations. Domestic private investment (DPI) was found to have a negative and significant relationship with RGDP in the long and short runs. The estimated equations of the specified models show a significant positive relationship between government capital expenditure (GCE) and RGDP. In the short run, a significant increase in DPI, CBC, and GCE will bring about a significant increase in RGDP. The parameter estimates of DPI, CBC and GCE are statistically significant, as indicated by the t-value. The study reveals that effective utili...
Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatc... more Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatched by government revenues. This has resulted in the need for government borrowing. Hence, an investigation of the impacts of National Debt on Economic performance is highly essential. This research work examined the impact of Domestic Debt on Economic performance in Nigeria. The data used were secondary source and the period of analysis covered 1970-2013. The models were estimated via the least square(s) method to ascertain the relationship between Domestic Debt and Economic growth, Inflation and Unemployment, after stationary test was conducted on the data. Multiple regression analysis was used to analyze the effect of Domestic Debt on inflation, Economic growth and unemployment. Domestic debt has a negative but insignificant impact on economic growth in Nigeria, Domestic debt also has a negative impact on unemployment, and however, the relationship is not statistically significant. The result also shows that there exist a positive and significant relationship between Domestic debt and inflation in Nigeria in the period under consideration. Hence, for national debt to benefit the economy, it must be a productive debt and an efficient debt management scheme should be put in place.
Poverty is a disease that continues to cause insecurity and other forms of social vices in a coun... more Poverty is a disease that continues to cause insecurity and other forms of social vices in a country, which in turn affects the growth and development of the nation. The increasing poverty rate, especially in Nigeria, has become a complex problem that has resulted in economic degradation, which must be immediately resolved. Therefore, this study examines poverty and its intractability in Nigeria: causes and consequences. The study analyzes the data using Ordinary Least Square methods. The data were obtained from Federal Reserve Economic Data and the National Bureau of Statistics (NBS). The results indicate that the poverty rate will rise by 0.035375 and 2.564296 units, respectively, for every unit increase in population and unemployment (UMP). Besides, the result shows that a unit increase in the human development index (HDI) will lead to a-4.347621 decrease in the poverty rate in Nigeria. The framework affirms that poverty is an intractability in Nigeria. The study consequently suggests that the government, non-governmental organizations, and private citizens prioritize funding for human development and embrace a solid fiscal policy that will boost economic output and lower the country's degree of poverty.
This study examines the nexus between household income and child labor in Northeastern Nigeria us... more This study examines the nexus between household income and child labor in Northeastern Nigeria using Logit Regression method as methodology. The study uses a multistage sampling technique to obtain data from 9 selected Local Government Areas in Adamawa, Bauchi, and Yobe States. The data was sourced by administering questionnaires to 810 children through their household heads in 3 wards of each Local Government Area. The results of the study show that household income significantly determines child labor in Northeastern Nigeria. The coefficient of household income was found to be-1.612 which indicates that household income negatively impacts child labor. Therefore, the study recommends that the government provide policies that will enhance the level of household income in the region.
The study assesses the effect of monetary policy on economic growth in Nigeria. It used quarterly... more The study assesses the effect of monetary policy on economic growth in Nigeria. It used quarterly time series data from 1986Q1 to 2017Q4. SVAR analysis was used to assess the effects of monetary policy following the framework of Inflation Targeting (IT) on economic growth in Nigeria. Findings reveal that monetary policy has a positive shock on economic growth. The monetary policy rate (MPR) positively affects growth. Its effect was however minimal only accounting for a maximum of 3 percent. Also, the broad money supply (M2) had a positive shock but only accounting for a maximum of 7 percent. The study concludes that the inflation targeting (IT) framework is a good monetary policy tool but not sufficient. There is need for other supplementary instruments.
This study investigate the role of money market on economic growth in Nigeria, from 1994 to 2018.... more This study investigate the role of money market on economic growth in Nigeria, from 1994 to 2018. It employed the Autoregressive Distributive Lag (ARDL) Bound Testing approach and the result shows that there is long-run relationship among the money market instruments. It also revealed that the money market variables have negative but significant impact on economic growth both in the long-run and in the short-run, except for commercial paper which has positive impact on economic growth, though not significant. This study therefore recommended that since treasury certificate has proven to have the most influential impact on economic growth, central bank should give priority to it. Furthermore, the players, which are the savers and the investors should be encouraged to invest more on the treasury certificate by making it more attractive through appropriate and relevant incentives. The monetary authority should introduce innovative policies into the Money market for it to contribute positively and significantly to economic growth. In addition, interest rate as a major determinant in Money market operations should be well positioned in order for it not to tilt in favour of one of the players in the market thereby discouraging other players from investing in the instruments.
Applied Journal of Economics, Management and Social Sciences
This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. Th... more This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant e...
SDMIMD Journal of Management
The study examines how privatization affects public corporations’ corporate governance efficiency... more The study examines how privatization affects public corporations’ corporate governance efficiency in the management of the liquidity ratio of the Nigerian cement industry. The observed variables are liquidity ratio and fourteen Corporate Governance proxies as dependent variables and independent variables. Secondary data were outsourced from the cement firms. Descriptive statistics and Pooled OLS regressions were used for analysis. Results suggest that the factors affecting corporate governance efficiency and causing capacity underutilization in the cement industry are macro-economic challenges and the weak private sector. The average total market value of shares, average foreign ownership, the average percentage of executive directors and average workforce has a positive impact on the Cement industry’s performance. However, privatization harms the performance of the company. Likewise, corporate governance has a significant impact on the liquidity ratio of the 1cement industry in Nig...
Journal of economics and sustainable development, 2016
Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatc... more Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatched by government revenues. This has resulted in the need for government borrowing. Hence, an investigation of the impacts of National Debt on Economic performance is highly essential. This research work examined the impact of Domestic Debt on Economic performance in Nigeria. The data used were secondary source and the period of analysis covered 1970 – 2013. The models were estimated via the least square(s) method to ascertain the relationship between Domestic Debt and Economic growth, Inflation and Unemployment, after stationary test was conducted on the data. Multiple regression analysis was used to analyze the effect of Domestic Debt on inflation, Economic growth and unemployment. Domestic debt has a negative but insignificant impact on economic growth in Nigeria, Domestic debt also has a negative impact on unemployment, and however, the relationship is not statistically significant....
Applied Journal of Economics, Management and Social Sciences
This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. Th... more This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant e...
Indonesian Journal Of Business And Economics
ABSTRACTThis study examines the impact of financial inclusion on economic growth in Nigeria from... more ABSTRACTThis study examines the impact of financial inclusion on economic growth in Nigeria from 1986 to 2020. The Zivot-Andrew unit root test was used to examine the statistical characteristics of the data. The Zivot Andrew unit root test shows that while Automated Teller Machines and foreign direct investment are stationary at level, the gross domestic product, commercial bank branches, and phone-based transactions are stationary at first difference. Bound test for long run shows that there is long run relationship among the variables of interest. According to the Auto Regressive Distributive Lag (ARDL) result, commercial bank branches in Nigeria have a short-term, positive, and significant impact on the country's gross domestic product. The Nigerian gross domestic product is negatively impacted by automated teller machines; however, this impact is negligible. The long run coefficient demonstrates positive and statistically significant influence of commercial bank branches on...
Inclusive Society and Sustainability Studies
Poverty is a disease that continues to cause insecurity and other forms of social vices in a coun... more Poverty is a disease that continues to cause insecurity and other forms of social vices in a country, which in turn affects the growth and development of the nation. The increasing poverty rate, especially in Nigeria, has become a complex problem that has resulted in economic degradation, which must be immediately resolved. Therefore, this study examines poverty and its intractability in Nigeria: causes and consequences. The study analyzes the data using Ordinary Least Square methods. The data were obtained from Federal Reserve Economic Data and the National Bureau of Statistics (NBS). The results indicate that the poverty rate will rise by 0.035375 and 2.564296 units, respectively, for every unit increase in population and unemployment (UMP). Besides, the result shows that a unit increase in the human development index (HDI) will lead to a -4.347621 decrease in the poverty rate in Nigeria. The framework affirms that poverty is an intractability in Nigeria. The study consequently su...
Asian Journal of Economics and Empirical Research
This study examines the impact of banking sector credit on Nigeria’s real sector based on data fr... more This study examines the impact of banking sector credit on Nigeria’s real sector based on data from 1986 to 2019 using the ARDL model. The bound testing result indicates that there is a long-run relationship between the variables of interest with real gross domestic product (RGDP) as the dependent variable. The result indicates that commercial bank credit (CBC) has a positive impact on RGDP in the long and short runs, which is consistent with a priori expectations. Domestic private investment (DPI) was found to have a negative and significant relationship with RGDP in the long and short runs. The estimated equations of the specified models show a significant positive relationship between government capital expenditure (GCE) and RGDP. In the short run, a significant increase in DPI, CBC, and GCE will bring about a significant increase in RGDP. The parameter estimates of DPI, CBC and GCE are statistically significant, as indicated by the t-value. The study reveals that effective utili...
Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatc... more Nigeria, like many developing economies, is plagued by increasing government expenditures, unmatched by government revenues. This has resulted in the need for government borrowing. Hence, an investigation of the impacts of National Debt on Economic performance is highly essential. This research work examined the impact of Domestic Debt on Economic performance in Nigeria. The data used were secondary source and the period of analysis covered 1970-2013. The models were estimated via the least square(s) method to ascertain the relationship between Domestic Debt and Economic growth, Inflation and Unemployment, after stationary test was conducted on the data. Multiple regression analysis was used to analyze the effect of Domestic Debt on inflation, Economic growth and unemployment. Domestic debt has a negative but insignificant impact on economic growth in Nigeria, Domestic debt also has a negative impact on unemployment, and however, the relationship is not statistically significant. The result also shows that there exist a positive and significant relationship between Domestic debt and inflation in Nigeria in the period under consideration. Hence, for national debt to benefit the economy, it must be a productive debt and an efficient debt management scheme should be put in place.
Poverty is a disease that continues to cause insecurity and other forms of social vices in a coun... more Poverty is a disease that continues to cause insecurity and other forms of social vices in a country, which in turn affects the growth and development of the nation. The increasing poverty rate, especially in Nigeria, has become a complex problem that has resulted in economic degradation, which must be immediately resolved. Therefore, this study examines poverty and its intractability in Nigeria: causes and consequences. The study analyzes the data using Ordinary Least Square methods. The data were obtained from Federal Reserve Economic Data and the National Bureau of Statistics (NBS). The results indicate that the poverty rate will rise by 0.035375 and 2.564296 units, respectively, for every unit increase in population and unemployment (UMP). Besides, the result shows that a unit increase in the human development index (HDI) will lead to a-4.347621 decrease in the poverty rate in Nigeria. The framework affirms that poverty is an intractability in Nigeria. The study consequently suggests that the government, non-governmental organizations, and private citizens prioritize funding for human development and embrace a solid fiscal policy that will boost economic output and lower the country's degree of poverty.
This study examines the nexus between household income and child labor in Northeastern Nigeria us... more This study examines the nexus between household income and child labor in Northeastern Nigeria using Logit Regression method as methodology. The study uses a multistage sampling technique to obtain data from 9 selected Local Government Areas in Adamawa, Bauchi, and Yobe States. The data was sourced by administering questionnaires to 810 children through their household heads in 3 wards of each Local Government Area. The results of the study show that household income significantly determines child labor in Northeastern Nigeria. The coefficient of household income was found to be-1.612 which indicates that household income negatively impacts child labor. Therefore, the study recommends that the government provide policies that will enhance the level of household income in the region.
The study assesses the effect of monetary policy on economic growth in Nigeria. It used quarterly... more The study assesses the effect of monetary policy on economic growth in Nigeria. It used quarterly time series data from 1986Q1 to 2017Q4. SVAR analysis was used to assess the effects of monetary policy following the framework of Inflation Targeting (IT) on economic growth in Nigeria. Findings reveal that monetary policy has a positive shock on economic growth. The monetary policy rate (MPR) positively affects growth. Its effect was however minimal only accounting for a maximum of 3 percent. Also, the broad money supply (M2) had a positive shock but only accounting for a maximum of 7 percent. The study concludes that the inflation targeting (IT) framework is a good monetary policy tool but not sufficient. There is need for other supplementary instruments.
This study investigate the role of money market on economic growth in Nigeria, from 1994 to 2018.... more This study investigate the role of money market on economic growth in Nigeria, from 1994 to 2018. It employed the Autoregressive Distributive Lag (ARDL) Bound Testing approach and the result shows that there is long-run relationship among the money market instruments. It also revealed that the money market variables have negative but significant impact on economic growth both in the long-run and in the short-run, except for commercial paper which has positive impact on economic growth, though not significant. This study therefore recommended that since treasury certificate has proven to have the most influential impact on economic growth, central bank should give priority to it. Furthermore, the players, which are the savers and the investors should be encouraged to invest more on the treasury certificate by making it more attractive through appropriate and relevant incentives. The monetary authority should introduce innovative policies into the Money market for it to contribute positively and significantly to economic growth. In addition, interest rate as a major determinant in Money market operations should be well positioned in order for it not to tilt in favour of one of the players in the market thereby discouraging other players from investing in the instruments.
Applied Journal of Economics, Management and Social Sciences
This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. Th... more This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant e...