Journal of Global Economics and Business

Impact of human capital development and economic growth in Nigeria

2024-12-18T20:01:02-06:00

This study examined the impact of human capital development and economic growth in Nigeria using time series spanning from 1986 to 2021 which were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin and from the Statistical and Nigeria Education Management Information System, Educational planning, Research and Development office of the Federal Ministry of Education, Abuja. It was set out to explore the relationship between human capital indicators (primary school enrolment, government expenditure on education and government expenditure on health) and economic growth (gross domestic product). The study employed Autoregressive Distributed Lag (ARDL) bounds testing approach to Co-integration analysis to estimate the relationship among the variables used in the study. The study established long-run co-integration among the variables. The findings from the study revealed that there is strong positive long-run relationship among primary school enrolment, government expenditure on education, government expenditure on health and economic growth though not statistically significant while only government expenditure on education and economic growth is statistically significant. In line with the findings, the study recommended that government and all stakeholders should make conscious effort to curb the menace of increasing out of school children which is regarded as “a time bomb” in order to increase primary school enrolment in Nigeria. Government should also improve her expenditure on education in providing educational infrastructure, training and retraining of teachers at all levels in the country so as to sustain long-run economic growth. Furthermore, effort should be made towards increasing budgetary allocation to health sector for continuous growth sustainability.

Godfatherism and Kano State’s relevance in national politics

2024-12-18T20:50:36-06:00

This paper aimed to get the understanding of godfatherism in Kano in the context of Nigerian democracy. It gauged the various views and perspectives of indigenous people with adequate political awareness in Kano. The paper also tried to identify the root causes of godfatherism in Kano tracing its history and evolution in a trajectory to figure out the significance of Kano State in national politics. Content Analysis is used to analyze the views of interviewees and other primary and secondary sources of data collected for the paper. The paper found that the understanding of godfatherism in Kano State is not very different from the general understanding of the phenomenon in Nigeria but when it is in play in Kano, it is violent and confrontational with traces of bigotry. Godfatherism in Kano essentially emerged as a necessity in search for political mentorship but then turned into a strategy employed by incumbents to cover up their past inadequacies, vices and corruption in office. Also, Kano politics plays a significant role in determining or at least giving an edge to presidential aspirants in leading the country through its large votes and how politically active its inhabitants are. The paper therefore recommends adequate political sensitization by all stakeholders to educate citizens on the dangers of godfatherism and the fact that politics is a means to an end and not an end in itself. Also, institutions and agencies fighting vices and corrupt practices should professionally engage corrupt politicians no matter what their status is to curb the evils of godfatherism and promote good governance.

The financial effects of Nigeria's new tax regime on small and medium businesses: prospects and challenges

2024-12-22T15:05:17-06:00

The new tax regime introduced in Nigeria in 2023 seeks to boost revenue generation and stimulate economic growth. Despite its objectives, the financial implications for small businesses remain unclear. This study investigates the impact of the new tax policies on small businesses in Nigeria, employing a mixed-methods approach. Findings reveal a combination of positive and negative outcomes, including higher tax burdens, diminished profitability, and enhanced tax compliance.

Assessing the effect of Nigeria new tax reform on small and medium enterprises: a financial perspective

2024-12-22T15:12:36-06:00

Nigeria's new tax reform, which came into effect in 2023, aims to increase revenue generation and promote economic growth. However, the impact of this reform on small businesses in Nigeria is not well understood. This study assesses the financial impact of Nigeria's new tax reform on small businesses, using a mixed-methods approach. The results show that the reform has both positive and negative effects on small businesses, including increased tax burdens, reduced profitability, and improved tax compliance. The study concludes that policymakers should consider the unique needs and challenges of small businesses when designing tax policies.