Papers by Dominic A. P L E A S E I IortyerZ
Flood and Food Security in the Benue Valley: Stylized Facts
ABUAD Journal of Social and Management Sciences, Dec 18, 2023
The scientific consensus is that global climatic change is caused by human activities. Global cli... more The scientific consensus is that global climatic change is caused by human activities. Global climate variation has altered the pattern of annual rainfall in most parts of the world, resulting in annual flooding with devastating effects on humanity. With many rivers that crisscross the Nigerian landscape, the country has experienced a number of flood incidents along the river basins (valleys) with varying degrees of devastation. This paper, thus, focuses on the effects of flood on food security in the Benue Valley. The specific objectives of the study include: to examine the effects of flood on food supply; prices of agricultural output; and the level of public and private aids to flood victims within the study area. A sample of households and market leaders were interviewed for the purpose of data collection. Data was equally sourced from Non-governmental Organizations, State Emergency Management Agencies, and other written sources. The data was analyzed and presented using simple bar charts. Findings revealed that there is always a gross inadequacy of food supply during the years of devastating floods compared to years of normal annual rainfall. Prices of agricultural products increased by almost 200% and household income declined significantly during the flood disaster years. Findings also revealed that private organizations sometimes render more aids to flood victims than the public sector. To arrest the danger of annual devastating floods in the Benue Valley, the paper recommends better water infrastructure management strategies like the construction of more dams and dredging of River Benue.
Journal of Arid Zone Economy, 2024
Introduction economic growth and plays a significant role in job creation and enhancing productio... more Introduction economic growth and plays a significant role in job creation and enhancing production efficiency. The primary objective of an energy market is to bolster the economy across various sectors. In Nigeria, energy supply and demand are critical components of the economy, highlighting substantial research opportunities in this area. An analysis of energy supply trends from 1981 to 2023 reveals a notable increase in renewable energy consumption, peaking at 62,000 kilowatt-hours (KWh) in 2022, indicating a shift towards renewable sources. In contrast, fossil fuel energy consumption (FFEC) showed fluctuations over the same period, with a peak of 22.84 million barrels of oil equivalent (MMBOE). Since 2000, FFEC has stabilized around 19.0 MMBOE, reflecting a more consistent consumption pattern. Electricity consumption has also risen significantly, from 51.08 KWh in 1981 to 152.99 KWh in 2022, underscoring the growing demand Abstract Energy consumption plays a crucial role in determining the performance of the real sector. This research examines how different components of energy consumption affect industrial productivity in Nigeria from 1981 to 2023. The components analyzed include electricity, gas, and petrol consumption, which serve as the explanatory variables in the model. Time series data for these variables were collected for the analysis. The study utilized advanced econometric methods, including unit root tests, cointegration analysis, and error correction mechanisms to estimate the model. Some diagnostics were conducted to test for normality, stability and serial correlation of the model. The results indicated that each component of energy consumption positively influences industrial output to varying extents. Based on these findings, the study recommends increasing energy supply to ensure sustainable performance in the industrial sector.
JOURNAL OF RESEARCH AND DEVELOPMENTS IN ARTS AND SOCIAL SCIENCES, 2019
Industrialization is critical to the development of any country. It is believed to be instrumenta... more Industrialization is critical to the development of any country. It is believed to be instrumental to general level of economic growth and development of any nation. The study examined the nexus between the industrial sector as a facilitator of sustainable economic growth in Nigeria. The employed modern econometric techniques of unit root and cointegration analysis with the application of Ordinary Least Square estimator to carry out the estimation. A post-diagnostic test for stability, normality and specification error test was conducted. The result revealed a positive nexus between the industrial sector and sustainable economic growth proxied by industrial sector output and real GDP for sustainable economic growth.
Jalingo Economic and Business Review, 2012
The study focused on assessment of poverty among households in Adamawa North Senatorial District.... more The study focused on assessment of poverty among households in Adamawa North Senatorial District. Primary data were generated through structured questionnaires and interview. Using a multistage sampling approach, a total of 400 households were selected and interviewed. Data collected were subjected to Foster Greer and Thorbecke (FGT) and linear regression analysis. Considering some poverty indicators, the study revealed that using the FGT model of assessment, 86.3 percent of the households covered by the study were poor and would have to mobilize financial resources up to 41.80% of $2 US (N300) per day (for each household member) to be able to escape poverty. Resulï of linear regression also showed that coefficients of educational levels of household, occupation, energy of household are 0.068, 0.36 and 0.25 respectively, while dependency ratio, sources of water, poor feeding shown inverse relationship of0.19, -0.10, -0.19 respectively. These are factors that exert significant influence on household per capita income in the study area. In order to reduce poverty and promote peoples' income, policies that would promote employment opportunities, educational status of household, as well as efforts to enhance women access to more productive resources and investment in infrastructural development are recommended.
Jalingo Economic and Business Review, 2013
The study focused on analysis of poverty determinants among 'households in Mubi Town Adamawa slat... more The study focused on analysis of poverty determinants among 'households in Mubi Town Adamawa slate, Nigeria. Primary data were collected via structured Questionnaire from respondent in the study area. Using a multistage sampling approach, a total of 150 individuals were selected and interviewed with the aid of well structured questionnaire. Data collected were subjected to linear regression analysis. The result of linear regression showed that seven (7) out of thirteen (13) variables were statistically significant; The coefficient of multiple determination (R2) is 0.684, while F-Statistic (20.00) is statistically significant. Educational levels of household, poor feeding; poor sources of water, energy of household and dependency ratio are factors that exert significant influence on household per capita income. Ill order to reduce poverty and promote peoples' income, policies that would promote employment opportunities) educational status of household, as well as efforts to enhance women access to more productive resources and investment in infrastructural development are recommended.
Journal of Economics and Allied Research, 2022
The behaviour of macroeconomic variables exerts impact on the operations and happenings in the st... more The behaviour of macroeconomic variables exerts impact on the operations and happenings in the stock market and by extension the economy in general. This study investigated the impact of some macroeconomic variables (real gross domestic product, foreign direct investment, aggregate government expenditure, and real exchange rate) as drivers and catalyst to the performance of the Nigeria stock market, utilizing the time series data from 1986 – 2020. Stationarity test was conducted to determine the order of integration, Johansen cointegration test for long run relationship among the variables. The ARDL-ECM model was specified and estimated to determine the short and long run impacts of the independent variable on the dependent variable. ECM component of the model shows the speed of adjustment from short run disequilibrium to long run equilibrium. Findings reveal the positive impacts of the selected macroeconomic drivers on the performance of the stock market proxied by All share index (ASI) in both short and long run. The study thus recommends deliberate undertaking of policies that will encourage inflows of FDI as well as increase aggregate spending for sustained positive impact on the stock market.
Nigerian Defence Academy Journal of Economics and Finance , 2022
This study examined the impact of fiscal policy an macroeconomic sustainability in Nigeria over a... more This study examined the impact of fiscal policy an macroeconomic sustainability in Nigeria over a period of 1981 and 2020.Using annual time series data sourced from NBS, used government recurrent expenditure, government capital expenditure, government debt stock and government revenue to indicate fiscal policy variable economic growth was proxied by Gross Domestic Product. The VAR causality techniques of analysis was were evaluated, which shows varying degrees of causality of the variables. The result showed that government recurrent expenditure, government capital expenditure and government revenue have positive impact on economic growth while government debt have negative effect on economic growth within the period under consideration.. Based on the result, the study concluded thatfiscalpolicy management in Nigeria has significant impact on the macroeconomic sustainability in Nigeria. The results are consistent with theories andprevious studies. The study recommended that government should consciously increase capital expenditure, modality should be put in place to check excess government revenue leakages and finally, government debt should be encouraged when there is need for the economy to finance deficits.
African Journal of Economics and Social Research, 2013
International Journal of Economics, Finance and Management Sciences, 2024
The paper focused on appraising the dynamic innovations of sele monetary policy measures on gener... more The paper focused on appraising the dynamic innovations of sele monetary policy measures on general investment in Nigeria. Monetary policy measures remain central in promoting general economic stability. Thus, the paper has primarily investigated the dynamic innovations of selected monetary policy measures (real interest rate and money supply) on investment growth in Nigeria. The variables employed are money supply as dependent variable, interest rate and investment as independent variables. The Augmented Dickey Fuller (ADF) Test result reveals that all the variables tested were not stationary at level I(0) but stationary at first difference I(1). Time series data from 1980-2022 period was used to estimate the relationship, using the VAR approach. Forecast error variance decomposition and impulse response functions were estimated to examine the dynamic effects of various innovations (shocks) on investment growth. The data used were sourced directly from Central Bank of Nigeria Statistical Bulletin. Inverse of roots of VAR characteristic Polynomial shows that the model is stable. The results reveal that fundamental shocks of investment variable are associated with its own innovation and that of real interest rate and money supply. The study thus recommends appropriate interest rate policies and periodic increase in money supply to stimulate and sustain investment growth in Nigeria.
International Journal Of Novel Research And Development, 2024
Capital market performance is influenced by a variety of factors; consequently, this article exam... more Capital market performance is influenced by a variety of factors; consequently, this article examined the impact of certain macroeconomic settings, as measured by the real economic growth (RGDP), real interest rate (INT), and real exchange rate (EXR), on capital market performance in Nigeria. Market capitalization (MCAP) serves as a proxy for capital markets. Estimation was based on annual time series for the variables spanning 1986-2023. The dynamic Autoregressive distributed lag (ARDL) technique was utilized to calculate effects of the regresors on the regresand in both the short and long run. The results showed that the capital market reacts both short-and long-term to shifts in macroeconomic conditions. In light of the results,the study advocated desired economic policy actions that could improve the stable macroeconomic environment for long-term growth and performance of Nigeria's capital markets.
FUWUKARI JOURNAL OF SOCIAL SCIENCES, 2022
Over the years, exchange rate and debt profile have been critical challenges to the Nigerian econ... more Over the years, exchange rate and debt profile have been critical challenges to the Nigerian economy. In attempts to address these challenges, successive Nigerian governments have formulated and implemented unsuccessful policies to tackle these challenges. Regrettably, Nigeria has consecutively witnessed exchange rate depreciation which results to increase in general price level. Immediate reactions by governments and monetary authorities' have always been the pegging of the real exchange rate with the aim of inducing economic growth and development; thereby reducing general price levels. Employing an econometric model of Error Correction Mechanism (ECM), this study examines the effects of real exchange rate and debt stock on general price in Nigeria. Findings were consistent with apriori expectation as the regressors (real exchange rate debt stock and imports) have positive effects on general price level and a fast speed of adjustment to equilibrium restoration. The study thus concludes that real exchange rate, debt stock and imports can trigger increase in general price level. Consequently, the study recommends deliberate exchange rate measures as well as debt control measures for enhanced stability in the general price level in Nigeria.
Journal of Economics and Allied Research, 2022
This paper examines the impact of foreign and domestic investment on the output of the manufactur... more This paper examines the impact of foreign and domestic investment on the output of the manufacturing sector from 1980-2020. To achieve the objectives of the study, an econometric model of Vector Error correction Model (VECM) was specified and estimated. This was to determine the short and long run causality among the variables captured in the model. Stationarity check was conducted using the correlogram approach and all the variables were stationary at first difference. Appropriate lags for the model were selected based on the result of the Akaike and Hannan Quine information criteria. The Johansen cointegration was carried out to determine the long run relationship among the variables. In addition, the normalized Johansen equation was to establish the long run impact of the independent variables (foreign investment, domestic investment and exchange rate) on the dependent variable (manufacturing sector output). Findings revealed that, external investment inflow and domestic investment have long run positive impact on the manufacturing sector. Conversely, the real exchange rate shows a negative long run impact on the manufacturing sector but statistically significant. Also VECM test for causality revealed the existence of both short and long run causality among the variables. Based on the strength of findings, the study recommends that deliberate investment promoting policies capable of stimulating foreign and domestic investment should be sustained. For it will enhance growth in the manufacturing sector and by extension the economy. 
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Papers by Dominic A. P L E A S E I IortyerZ