Browsing by Author "Ibrahim, Sadiq Abubakar"

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    An Analysis on the Causes and Effects of Recent Economic Recession on the Nigerian Economy
    (Department of Economics, Nasarawa State University, Keffi., 2018-12-12) Ibrahim, Sadiq Abubakar; Lanhui, Wang; Salihu, Habibu Muhammed-Gani; Ekanayake, B.P.; Ibrahim, Abdul; Aree, Sasima
    This research investigates the causes and effects of the recent economic recession on the Nigerian economy. Corruption, mismanagement of funds by past administration, windah/.ation of oil pipeline. Boko Ilaram insurgency, oil price shocks, delay in approving national budget are the main causes of the recent economic ierosion in Nigeria. The effect of recession in an economy result to a fall in aggregate demand, decrease in consumption, increase in unemployment, inflation and in general high cost of living. The study employed ordinary least square method in the analysis of this research and the result from findings shows ilw rate of inflation has negative effects on the Nigerian economy as it was evidenced from the result and when prices of commodities are mflaied, it affect all the economic activities in the country. The findings also rescaled that debt negatively affect Nigerian economy and this is because the money borrowed was diverted to illegal cliannel bv the corrupt instead of ii.-.e .iiug iato economy I'Memphis mciil rate and (il)P show-, to be podlis els ret tied and this was because of the increases in population of the country. Based on the results from findings it was recommended that instruments of monetary and fiscal policies should be effectively used to tackle the economic recession and bring the economic activities back on track and thus, effective used of both the monetary and fiscal policies is not only (he .sufficient condition hut a necessary condition.
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    THE IMPACT OF NON-OIL SECTOR ON THE ECONOMIC GROWTH OF NIGERIA. (1980-2014)
    (Department of Economics, Nasarawa State University, Keffi., 2016-09-02) Salihu, Habibu Muhammed-Gani; Yahaya, Yusuf; Ibrahim, Sadiq Abubakar; Ibrahim, Abdul
    The research work examined the impact of non-oil sector on the economic growth of Nigeria between 1980 and 2014. The challenges of non^oi/ sector is not that.is being over shadowed by the oil sector, but traceable to declining non-oil export and loss of market share in the non-oil trade globally is a clear evidence of how the non-oil sector competitiveness of the Nigerian economy has been consistently eroded over the last three decades. The main objective of the study was to examine the impact of non-oil sector on the economic growth of Nigeria between 1980 and 2014. The data of this study was sourced from secondary data. Multiple regression model based on the econometric technique was used in the analysis of data collected. In the coursed of analysis, a unit root test, co integration test, Vector Autoregression, and correlation test was conducted in order to determine the stationary, long run relationship, the impacts of the independent variables on the dependent variable, and the strength and direction of the relationship among the variables was conducted. The finding shows that non-oil sector has a significant impact on the economic growth of Nigeria. Based on the findings, the following policies options were proffer; diversification of the economy is not only necessary but efficient in the Nigerian economy. Agriculture, manufacturing\ and industrial sectors should be more funded and equipped to ensure good outputs and contributions.