School of Innovative Technology (SIT)

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School of Innovative Technology (SIT)

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Author: search.filters.author.Joseph DavidEnd date: 2019

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    ANALYSIS OF THE IMPACT OF TAX REVENUE ON THE ECONOMIC ACTIVITIES OF NIGER STATE
    (KEBBI JOURNAL OF ECONOMICS AND SOCIAL SCIENCE (KJESS), 2019) Musa Abdullahi Sakanko; Umma Yahaya Sufiyanu; Joseph David
    The relevance of tax revenue cannot be overemphasized especially with the recent declining on the federal allocation and diversion of most revenue to the rehabilitation of Northeast. Both the federal and state governments have been on their stand to diversify revenue bases available to them and attention is now being shift to other sectors and government parastatals that can yield revenue to the government. On this note, Availability and mobilization of revenue is the fundamental factor to which any economy is managed and run. The main objective of this study is to examine the impact of tax revenue on the economic activities of Niger state, employed a logistic regression model to analyze the primary data. The results revealed that tax revenue has a positive and statistical insignificance impact on the economic activities of the Niger state. Tax evasion, tax avoidance, illiterate, corruption, and tax collector habits, had a decline effect on tax revenue in Niger state and statistically significant. However, tax administrator and poor management have a positive effect on tax revenue but the former is statistically insignificant and later statistically significant. Thus, the study concludes that effective and efficient tax policy is a necessary component of an economic policy, for a state to sustain and strengthen its economic activities and compete favorably with the neighboring states. Therefore, recommends, the government to put more effort in revenue since tax revenue serves as a source of funding for government in undertaking infrastructural development. This could be achieved by improving efficiency in tax administration by strengthening, rewarding, modernizing collection and streamlines of tax exemptions.
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    OIL PRICE VOLATILITY AND BALANCE OF PAYMENTS (BOP): EVIDENCE OF NIGERIA
    (Bingham Journal of Economics Allied Studies (BJEAS), 2019) Musa Abdullahi Sakanko; James Obilikwu; Joseph David
    This study examines the effect of oil price volatility on Nigerian Balance of Payment (BOP) from 1980 to 2017, using the Autoregressive Distributed Lag (ARDL) bound testing technique, and the Autoregressive Conditional Heteroscedasticity (ARCH)-type model (EGARCH-M) to examine the nature and behaviour of Nigeria’s oil (Bonny light) price volatility. The results from the ARCH-type model (EGARCH-M(1,1)) indicate that the Nigeria’s oil price volatility is not mean reverting, with negative shocks generating more impact than positive shocks, which is determined negatively by global oil supply and negatively by world oil demand. Equally, while the result of the ARDL bound test confirms the presence of co-integrating (long-run) relation between Balance of Payment and oil price volatility (and oil export and economic growth), the result from the ARDL model indicates the presence of significant negative relationship between oil price volatility and Balance of Payments in Nigeria, thus indicating the negative effect (deficit) of oil price volatility on Nigeria’s BOP, due to the overreliance and dependence of the economy on oil export. The study therefore recommends the diversification of Nigeria’s export basket, for enhanced participation of non-oil products, coupled with the adoption of the Petroleum Industry Bill (PIB), so as to enhance the productivity and performance of the country’s oil and gas industry, and making it internationally competitive
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    The Relationship between Poverty and Energy Use in Niger State
    (UMYUK Journal of Economics and Development (UJED), 2018) Musa Abdullahi Sakanko; Joseph David
    The paper examined the relationship between poverty and energy use in Niger state, Nigeria using a cross-sectional data randomly collected from 156 respondents in the State across the three senatorial zones. Employing descriptive statistics and Logit regression model, the result obtained revealed the existence of an inverse relationship between poverty and energy use in Niger state and statistically significant, while a proportionate relationship between income level and energy use was established which upheld the energy ladder hypothesis. Availability and affordability of modern energy relative to traditional energy negatively influence the use of modern energy in the state. The study thus recommends the actions of the government towards the reduction of poverty and increasing income level of individuals in the state as well as the enhancement of the availability and affordability of modern energy sources in the state.
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    The Role of Religion in Poverty Alleviation: Evidence from Nigeria
    (UMYUK Journal of Economics and Development (UJED), 2018) Musa Abdullahi Sakanko; Joseph David
    The religion, due to its proximity to the poor, remains one of the major stakeholders of poverty alleviation. The paper studied the role of religion in alleviating poverty in Nigeria using a 250 crosssectional data randomly collected across the country. Employing descriptive statistics and Logistics (Logit) regression model, the result obtained revealed that Religion; Zakah; the provision and creation of jobs by religious bodies; and conflict resolution are increasing functions of poverty in Nigeria, while Tithing; charity (Waqf); Educational aid (scholarships); and the provision of social amenities by religious bodies are poverty alleviating mechanisms in the county. The authors thus recommends the actions of the clerics of individual religious groups in the county to further encourage individuals towards charity/alms giving, provision of social amenities, scholarships and the compliance with Zakah
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    PRUDENT MACROECONOMIC MANAGEMENT AND POVERTY REDUCTION: EMPIRICAL EVIDENCE FROM NIGERIA
    (DUTSE INTERNATIONAL JOURNAL OF SOCIAL AND ECONOMIC RESEARCH (DIJSER), 2019) Joseph David; Musa Abdullahi Sakanko; Ladan Amina Shuni
    This study employs the ARDL bound testing technique to empirically investigate the impact of prudent macroeconomic management on poverty reduction in Nigeria from 1980 to 2017. Empirical results indicates the existence of co-integrating (long-run) relationship between poverty and macro-economic variables (economic growth, inflation rate, exchange rate, employment rate, Balance of Payments, loan and credit, lending interest rate, agricultural sector’s growth, and democracy). In addition, the results demonstrate that in the short-run, the past value of poverty rate, economic growth, exchange rate, Balance of Payments, and lending interest rate have a significant negative impact on poverty, while employment rate impact poverty positively in the short-run. Therefore, recommended the policy makers should put in place police programmes that will increase the growth of Nigerian economy by increasing effective loan and credit, employment and jobs, Balance of Payments surplus, agricultural growth, and democracy while reducing and stabilizing the general price level, exchange rate, and lending interest rate.
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    Trade Openness And Inflation: Empirical Explanation of The Nexus In Nigeria
    (International Journal of Social Sciences and Economic Review, 2019) Musa Abdullahi Sakanko; Joseph David
    This study aims to examine the effect of trade openness on the inflation rate in Nigeria using time series data collected from secondary sources. The data were analyzed using EViews10, revealing a cointegrating and one-way Granger causality relationship between the inflation rate and trade openness. Both short-run and long-run results demonstrate a significant and negative relationship between the inflation rate and trade openness in Nigeria. These findings are crucial for governments and policymakers when making decisions regarding the consumer price index and trade openness. We conclude that the government should work towards full diversification of the economy away from oil exports, manage the degree of trade liberalization, control the influx of goods, and regulate the money supply. This study adds to the debate on the inflation rate and trade openness in Nigeria, addressing both short-run and long-run effects. It also highlights the need for further research, given the limited studies focusing on the impact of trade openness measured as the value of net export divided by gross domestic product. Finally, this paper contributes to the scant literature on this subject.
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    The Effect of Electronic Payment Systems on Financial Performance of Microfinance Banks in Niger State
    (Jurnal Bisnis dan Manajemen, 2019) Musa Abdullahi Sakanko; Joseph David
    This study employs the cross sectional survey research design and the descriptive and ordinary least square regressions to examine the impact of Electronic-Payment Systems on the financial performance of Microfinance Banks and Institutions in Niger state, Nigeria. The results of the analysis indicate the presence of e-payment systems in the bank, which enjoys impressive acceptability, due to its ease of use and convenience. In addition, ATM facility, Internet payment options, e-payment cards, and mobile banking platforms shows a significant positive impact on the financial performance of COE-Minna microfinance bank. In essence, the improvement and review of e-payment platforms’ security, so as to attract more users, coupled with the reduction of charges associated with the use of the platforms as well as sensitization of potential users were recommended.
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    The Effect of Democratic Zoning System on Nigeria Economy: Evidence of Niger State
    (Etikonomi: Jurnal Ekonomi, 2018) Musa Abdullahi Sakanko; Joseph David
    The introduction of the zoning system into Nigeria political space was to aid the smooth rotation of key political positions across the country. This policy is to achieve fairness, peace and equitable distribution of resource. Its adverse effect on the economy is thus something to worry about. Therefore, the study examines the effect of democratic zoning system on the economy of Nigeria, with special reference to Niger state. Employing descriptive statistics and multiple regressions. The results revealed that the elements of democratic zoning vis-àvis; peace, equity, unity and justice has a positive and significant effect on the growth of the Nigeria economy. The authors thus recommends the government at both levels should focus on providing simultaneous development projects to pave way for peace and unity, zoning system should be incorporated into the Nigeria constitution, unbiased and equitable distribution of resources across the economy.
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    Appraisal of the Determinants of Energy Use in LAPAI Local Government
    (Pakistan Journal of Humanities and Social Sciences, 2018) Musa Abdullahi Sakanko; Joseph David; Abdullahi Yakubu
    The paper investigates the determinants of energy use in Lapai Local government area of Niger state, Nigeria using a cross-sectional data randomly collected from 117 respondents in the Lapai. Employing the descriptive statistics and Multinomial Logistics regression model to capture the characteristics of the respondents and the determining factors of energy use in Lapai respective. The empirical result obtained revealed that people use more of the traditional energy sources (firewood and charcoal) because of its availability and affordability. Income level, family size, educational status, and occupational status are the major determinants of the use of the modern energy sources relative to traditional energy sources. The study thus recommends The Government through ministry of power and environment should come up with suitable policies that will shift the attention of using biomass energy source to modern energy source, Government and environmental agencies should introduce safe and sufficient energy source in other to reduce burden on the use of biomass in the country so as to reduce the level of pollution and erosion. The actions of the local government authorities towards the improvement in the availability and access to modern energy source so a s to reduce the use of traditional energy sources as well as improvement in the income level and access to education of individuals in the local government.
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    An Econometrics Validation of Malthusian Theory: Evidence in Nigeria
    (Signifikan: Jurnal Ilmu Ekonomi, 2018) Musa Abdullahi Sakanko; Joseph David
    Rising population is an asset, provided, the skills of the workforce are used to the maximum extent. If not appropriately channelized, it can be a liability for a nation. A skilled and hardworking population can emerge as a foundation for a country’s development. This study examines the validity of Malthusian Theory in Nigeria using time series data from 1960 to 2016, employs the ARDL bound test techniques. The result shows that in the long-run, population growth and food production move proportionately, while population growth poses a depleting effect on food production in the short-run, thus validating the incidence of Malthusian impact in Nigerian economy in the short-run. The researcher recommended the government should strategize plans, which will further intensify family planning and birth control measure, compulsory western education and revitalization of the agricultural sector