Economics

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    Unemployment and Migration in Nigeria, An Empirical Investigation
    (2024-01-24) Dr. Ibeinmo Friday Cookey and Onyinye Ifeoma Ochuba
    This study empirically accessed the effect of unemployment on migration in Nigeria over a period of thirty- three years (i.e. from 1990 to 2022). Total unemployment, male unemployment, female unemployment and urban unemployment were used as proxies of unemployment while net migration rate was used to proxy migration. The study employed time series data which were sourced from National Bureau of Statistics (NBS) and World Bank Development Index (WDI). Augmented Dickey-Fuller (ADF) statistic, Bounds cointegration test and Auto regressive Distributive Lag (ARDL) approach were the techniques of data analysis adopted. The data analysis was executed by E Views 12.0. The findings of the study revealed that total unemployment rate, female unemployment and urban unemployment have a positive and significant impact on net migration rate in Nigeria while male unemployment has a positive and insignificant impact on net migration rate in Nigeria. The study concluded that unemployment is a major factor that encourages migration in Nigeria. The study recommended that government should promote policies and initiatives that stimulate economic growth and diversification to create more job opportunities by supporting industries with high employment potential, such as agriculture, manufacturing, and technology.
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    Trade Openness, Foreign Direct Investment and Sustainable Agriculture in Africa
    (ProblemyEkorozwoju/Problems of Sustainable Development, 2022-07-06) Ping Ju, Muhammad Khalid Anser, Romanus Osabohien, Onyinye Ochuba, Rolle Remi Ahuru, Junaid Ashraf
    This study applied a panel data of 37 African countries in examining the impact of trade openness and foreign direct investment on sustainable agriculture towards the attainment of the United Nation (UN) Sustainable Devel opment Goals (SDGs), especially, SDG-2, with the aim of ending extreme hunger, achieve food security and im prove nutrition and promote sustainable agriculture. Data for the study was sourced from the Country Policy and Institutional Assessment (CPIA) and World Development Indicators (WDI) of the World Bank, for the period 2005 - 2019. To control for endogeneity, the study engaged the system Generalised Method of Moments (GMM). The result shows that FDI and trade openness have significant negative impact on agricultural sustainability in Africa. This result implies that, increase in FDI may decrease agricultural sustainability by 0.00294%, while in crease in trade openness may lower agricultural sustainability by 0.430066 %. Therefore, the study concludes that while trade openness is negative, policy to raise local production towards export promotion should be encouraged. In addition, FDI should be encouraged to augment local employment and investment towards increasing output and productivity in the Africa region.
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    Population Compartments and Food Security in Nigeria
    (AEFUNAI JOURNAL OF ECONOMICS, FINANCE AND DEVELOPMENT STUDIES (AEFUNAIJEFDS), 0009-04-23) Onyinye Ifeoma Ochuba & Ebikabowei Biedomo Aduku
    This study examines the relationship between population compartments and food T security in Nigeria using quarterly time-series data, covering the period from 2003 to 2022. e population compartments considered were the infant population, the working-age population, and the retired-age population. Ford security, on the other hand, was measured by the average dietary energy adequacy and the prevalence of undernourishment. e data was analyzed using the Non-linear Autoregressive Distributed Lag (NARDL) co integration technique. It was found that the infant population and the retired age population have a negative and signi cant effect on the average dietary energy adequacy proxy for food availability and a positive and signi cant effect on the prevalence of undernourishment proxy for food accessibility, both in the long run and short run. It was also found that both in the long run and short run, the working-age population has a positive and signi cant effect on the average dietary energy adequacy and a negative and signi cant effect on the prevalence of undernourishment. Nigeria should focus on investing signi cantly in family planning and enhancing productive health, which could cut down the fertility level. And, with more commitment to ensuring child survival and broad implementation of universal health coverage, the working-age population will increase relative to the other population compartments considered in this study. Also, the working-age population and the retired-age population should be encouraged to go into agriculture. is can be achieved through rigorous sensitization on the relevance of agriculture and providing the enabling environment to support the growth of agriculture in the country.
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    Advancing Sustainable Development Goals through Nature-based Solutions in Nigeria
    (SEAHI PUBLICATIONS, 2025-04-12) Onyinye Ifeoma Ochuba
    This study explores the contribution of Nature-based Solutions (NbS) to achieving Sustainable Development Goals (SDGs), with a particular focus on SDG 2 (Zero Hunger) in Nigeria. Drawing on data from 297 rural households collected through a structured questionnaire, the analysis utilizes the Endogenous Switching Regression (ESR) model to examine the effects of NbS adoption on household food security. The findings indicate that although adopting NbS alone did not yield an immediate or statistically significant improvement in food security, longer-term use had a strong and significant positive effect, especially among households that had adopted NbS. Key socioeconomic factors, including education, income, farm size, and the use of climate-resilient crop varieties also had a significant impact on food security, particularly among non-adopters. The study further reveals that adoption decisions were not significantly influenced by observable climate-related variables, pointing to potential unmeasured constraints such as limited institutional support or lack of information. Based on these insights, the study recommends sustained policy interventions, enhanced farmer education, and targeted support mechanisms to encourage long-term NbS adoption. Addressing these structural barriers is essential for maximizing the potential of NbS in promoting sustainable agriculture, enhancing food security, and building climate resilience in Nigeria.
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    A Vector Error Correction Model Analysis of the Interrelationships among Globalization, Health and Macroeconomic Outcomes in Nigeria
    (Department of Economics, Federal University of Lafia, Nigeria, 2021-02-06) Francis Ilenloa Igberaese1 & Onyinye Ifeoma Ochuba2
    The study ascertains the effects of interrelationships and linkages among the three concepts of globalization, health, and macroeconomic outcomes in Nigeria using the Vector Error Correction Model. It also finds among others that openness, FDI, which are measures of globalization and malaria prevalence, a direct measure of health and economic growth has no significant effect on the exchange rate, and that economic growth, exchange rate, measures of macroeconomic outcomes, FDI, and malaria prevalence have no significant impact on trade openness. It recommends among others that attempts to grow one sector should not lose foresight of the others and that efforts to make Nigeria’s economy benefit from globalization should focus more on stimulating FDI than participating in trade openness. More vigorous efforts should be put into the fight against, and treatment of malaria in the country
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    Effect of Economic and Social Globalization on Pro-Poor Growth in Nigeria
    (Human Resource Management Academic Research Society, 2023-05-27) Sigah Donny Marclary Ayibazuomuno, Onyinye Ifeoma Ochuba
    The thrust of this study is the implication of economic and social globalization on pro-poor growth. The KOF indexes of de facto and de jure globalization was utilized for this study. Data on the variables were obtained from the National Bureau of Statistics (NBS) and World Bank WDI among others. The data analysis was conducted using ARDL model, bounds cointegration and unit root test in addition to descriptive statistics. The results showed that the variables are fractionally integrated as observed from the unit root test. This finding necessitated the application of bounds cointegration which showed evidence of long run relationship between poverty headcount and globalization indexes. The ARDL results revealed that economic globalization has a positive and significant effect on poverty headcount in the short run. This finding is synonymous with the long-run results, which showed evidence of a significant positive effect of economic globalization on poverty headcount. The implication of this finding is that the benefits of economic globalization in terms of trade in goods and services, trade regulations and agreements, FDI inflows, portfolio investments, foreign debt, and other forms of financial globalization have not trickled down to the poor.The results further showed that social globalization has a negative and significant effect on poverty headcount. However, there is evidence of positive and insignificant effects of political globalization on poverty headcount in both the long and short run. Given the findings, it is recommended that policymakers prioritize social globalization to trickle-down its intended and desired benefits of poverty reduction.
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    Demorgraphic Transition Variables and Economic Outcomes in Nigeria
    (INTERNATIONAL JOURNAL OF RESEARCH AND SCIENTIFIC INNOVATION (IJRSI), 2023-03-10) Onyinye Ifeoma Ochuba and Sigah Donny Marclary Ayibazuomuno
    The study examined the theory of demographic transition in the context of the Nigerian economy. This follows findings from literature that population in its entity does not translate to economic growth, rather specific demographic partitions. Using such demographic transition theory variables as Birth Rate, Death Rate, Female Primary School Enrollment (proxy for education) and Mobile Cellular Subscription (proxy for technology) as explanatory variables and Gross Domestic Product (proxy for economic growth) as dependent variable, the study adopted the econometric tools of ADF unit root test, Johansen Cointegration test and Parsimonious ECM to treat data from World Bank indicators and Central Bank of Nigeria statistical bulletin for a period of 30 years (1990 – 2019). The data output confirms a positive but insignificant relationship between birth rate and economic growth. Technology has a positive and significant relationship with economic growth while education and death rate have negative relationship with economic growth. The study suggests amongst other things adoption and deliberate investment in technological advancement in Nigeria, complete overhaul of the primary school system in country as this is the bedrock of education world over. Also, adequate investment should be made in the health sector to improve the current health outcomes which have resulted in very high death rate.
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    Information and communication technologies and sustainable development in ECOWAS subregion: Evidence from a panel cointegration analysis
    (Wiley, 2022-08-06) Favour Chidinma Onuoha, Benedict I. Uzoechina, Chukwunenye Ferguson Emekaraonye, Onyinye Ifeoma Ochuba, and Nora Francis Inyang
    This study investigated the causal linkage between information and communication technologies (ICT) and sustainable development (environmental—CO2, economic— RGDP, and social—HDI) in the ECOWAS subregion categorized into low-income and lower-middle-income countries for the period 1995–2020. Cointegrating regression and causality methods were employed to estimate the dynamic linkage among vari ables in panel fully modified ordinary least squares (PFMOLS) and Dumitrescu–Hurlin causality models. The results of the study support the environmental Kuznets curve (EKC) hypothesis for low-income countries while it rejects EKC for lower-middle income countries. The study recommends policy formulations targeted at incentiviz ing the use of environmentally friendly technologies that minimizes positive impact on the environment and enhance sustainable development
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    Act Of God Or Ignorance: Perception Of Rural Farmers On The Effect Of Climate Change And Flood Insurance
    (SEAHI PUBLICATIONS, 2023-04-22) Onyinye OCHUBA
    In recent times, there have been increased reports of violent weather occurrences occasioned by climate change, such as flooding and hurricanes, among others. Global efforts have been geared towards avoiding, where possible, or mitigating, where unavoidable, the impacts of these extreme climatic conditions. However, studies have found that many people have refused to key into the global proactive efforts aimed at addressing these climate change challenges due to their beliefs that these events are acts of gods (Aofg) rather than natural hazards. Thus, this study using primary data sourced from farmers in the three senatorial districts of Bayelsa State, Nigeria, examines the perceptions of farmers on flood hazards and their reception of flood insurance as a tool to mitigate the impact of floods on their livelihood. Furthermore, the perspectives of the insurance providers are sourced to complement the discourse from the farmers. The study reveals that 73.9% of the farmers view floods as a risk worth insuring. On the direction of the impact of their belief, the study using the Structural Equation Model (SEM) confirms that the farmers’ perception of the flood as a natural hazard has a significant effect on recovery strategy, readiness to sell insurance, and willingness to adopt insurance. Conversely, the Act of gods (Aofg) as the cause of the flood has a weak relationship with adopting a recovery strategy, and the readiness of insurance brokers to sell insurance to rural farmers. However, (Aofg) as the cause of flood has a strong relationship with willingness to adopt insurance. Recommendations to the key stakeholders, notably, government, insurance companies, community leaders cum farmers’ associations are documented in the study.