This study re-examines the efficacy of foreign aid and grants on poverty reduction in Nigeria using time series data covering the period of 1999 to 2017. To perform the inquiry, the paper focus on disaggregated data for the analysis of foreign aid and grants, that is, technical cooperation grants (TCG), official development assistance (ODA) and other grants. Grounded on the Great Big Push theoretical framework, the study tested the marginal effect of TCG, ODA and other grants on poverty incidence in Nigeria using the Autoregressive Distributed Lag (ARDL) bounds testing approach. The empirical findings show that TCG and ODA have positive but insignificant impact on national poverty incidence in the short-term horizon; however, in the long-term, the effect of TCG and ODA on poverty incidence is negative. This finding suggests that the plausibility of poverty reduction policy based on external aid and grants is contestable. This affirms the argument that externally nominated solutions in form of foreign aid and grants do not connect with locally defined problems in poverty reduction.
Contribution/ Originality:This study is one of very few studies to explore the influence of disaggregated data of foreign aid and grants on poverty incidence in dimensions such as technical corporation grants, official development assistance, and other grants using the ARDL model of Nigeria from 1999 to 2017.
The need to mitigate the effect of climate change arising from over exploitation of natural resources and to improve the economic wellbeing of the common populace in Sub -Saharan Africa particularly the northern Sahelian state of Yobe. Acacia is one of the trees adapted to the Sahelian climate of Yobe that provides a lot of social and economic benefits, and it’s exploited in wild state. This paper highlights the domestication of the tree using silvicultural practices and silvics of the tree by elucidating the origin, climatic and soil requirement, product they produce diseases and control methods. Findings reveal the following information based on cited literatures. The plant grows in drier Sahelian climates of Africa, parts of Arabia and parts of India and Pakistan. It produces gum Arabic, fodder for livestock and other medicinal products. Findings implies that Acacia Senegal is suitable for agro forestry based on the fact that Acacia is a nitrogen fixer and produce no thick canopy making it possible for crops to thrive well underneath their canopy.
Motivated by the fact that the majority of news outlets in Africa have not sufficiently covered climate change issues, we innovatively construct a news-based index, drawing from the big data archive of Google Trends, as a proxy for publicity in the predictability of climate change. We show that increasing publicity about climate change has the potential to cause emission reduction and slow climate change.
This study seeks to examine the pass-through effect of monetary policy tools on economic growth in Nigeria using quarterly time series data from Q12008 to Q42018.The study employed Augmented Dickey Fuller's unit root test, lag selection criteria, and impulse response function under Toda-Yamamoto approach to examine the pass-through effect of monetary policy tools on economic growth. The summary of the results is that, the dynamism in monetary policy tools through money supply remains inconsistent and the changes (either increase/decrease) in these elements could dampen down availability of credit to core private sectors thus hampering growth and development. This study therefore recommends; that monetary authority takes proactive measures to ensure sound and robust commercial banks that can facilitates substantial funds to core private sector to boost productivity of the economy. This can be achieve through close monitoring of banks and ensuring full implementations of indirect monetary policy tools.
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