Browsing by Author "Kingsley, Nwaigwe O."

Now showing 1 - 2 of 2
  • Thumbnail Image
    ItemOpen Access
    EFFECT OF GOVERNMENT BORROWING ON ECONOMIC OUTPUT IN NIGERIA.
    (Department of Banking and Finance, Nasarawa State University Keffi, 2020-01-02) Olaolu, Dele; Vincent, Harrison S.; Kingsley, Nwaigwe O.
    This study examines the effect of government borrowing on economic output in Nigeria. Government borrowing was proxied by external debt(ED), Domestic debt (DD) and Total debt servicing (TDS) while Economic output was proxied by Gross Domestic Product (GDP). An ex­ post facto research design was employed for this study. Secondary data were collected from Central Bank of Nigeria Statistical Bulletin for twenty years period spanning through 2010 to 2019.Employing the econometric methodology of the Johansen Cointegration and Vector Error Correction Model (VECM), the study established a long run relationship among the variables. The Ordinary Least Square (OLS) result revealed that economic output is significantly influenced by external debt and Domestic debt while debt servicing does not significantly influenced economic output. It is recommended that Government and policy makers should carefully study the present state of the economy before deciding on measures through which deficit will be financed, maintain optimum level of external debt as it is one of the mechanisms for economic output and that all external debt should be effectively utilizedfor the purposef or which it was obtained. Debts should be contracted solely for economic reasons and not for social or political reasons. This is to avoid accumulation of debt stock overtime and prevent an obscuring of the motive behind debt servicing, hence investing this debt finance into capital investment that has the tendency to raise the overall output of the Nigeria economy.
  • Thumbnail Image
    ItemOpen Access
    IMPACT OF BANK CREDITS ON AGRICULTURAL PRODUCTIVITY IN NIGERIA
    (Department of Banking and Finance, Nasarawa State University Keffi, 2020-01-20) Efionayi, Prosper O.; Vincent, Harrison S.; Kingsley, Nwaigwe O.
    The study examined the impact of bank credits on agricultural productivity in Nigeria. The specific objectives of the study were to examine the impact of commercial banks' credits to agriculture on agricultural productivity in Nigeria; and evaluate the impact of microfinance banks' credits to agriculture on agricultural productivity in Nigeria. The study adopted ex-post-facto research design. Time series data were generated from Central Bank of Nigeria Statistical Bulletin from 1992 to 2018. Ordinary Least Square (OLS) was the method of analysis used to estimate the Multiple Linear Regression Model (MLRM) through E-Views computer software application. The other tools of data analysis used were descriptive statistics unit root test and co-integration test and VAR. The study found out that both commercial and microfinance banks' credits invested in agriculture were statistically significant with agricultural productivity in Nigeria. The study concluded that bank credits have significant impact on agricultural productivity in Nigeria. The study recommended that the significant impact of commercial and microfinance banks' credits invested in agriculture callf or more allocation of credit to the agricultural sector in Nigeria. This could be achieved by the Central Bank of Nigeria (CBN) cutting down on the interest rate changed on money borrowed by farmers for the purpose of boosting agricultural production.