This study empirically examines the influence of demographic factors on investment behaviour of individual investors using Edo state, Nigeria as its case study. Using the maximum likelihood method of estimation to estimate four multinomial logit equations, the results showed that educational level, occupation and marital status are the main demographic determinants of individual investors' behaviour. Also, age and gender have strong influences on individual investor's risk preference. Therefore, we recommend that it is pertinent that macroeconomic policies aimed at boosting investment should consider the expansionary effect of targeting civil servants and those in professional practice by providing them with investment incentives as these categories of persons have a much higher affinity for risk for investment purposes.

Nigeria has the second largest HIV/AIDS burden in the world and this has been closely associated with adverse economic effects and in turn HIV/AIDS has hindered economic growth in the past decades. In this study, the Vector Error Correction Model was employed to investigate the relationship among HIV/AIDS, infant mortality and economic growth in Nigeria using time series data from 1980-2015. Mixed results were recorded as on one hand, HIV/AIDS impacts positively on infant mortality through Mother-To-Child-Transmission while on the other hand, economic growth was found to be positively correlated with HIV/AIDS. This is because, in most countries, including Nigeria, relatively rich and better educated men and women have higher rates of partner change. We therefore recommends that to achieve the desirable objective of sustainable economic growth, the health sector should be given a larger budgetary allocation and support as the current government expenditure on health is not making any significant impact.