In this study, the effect of sectoral allocation of deposit money banks' credit on the growth of the Nigerian real economy from 2008Q 1 to 2017Q 4 was evaluated. We were inspired by the unsettled disparity in empirical literature on the effect of sectoral allocation of deposit money banks credit on the growth of the real economy. Specifically, we ascertained the effect of deposit money banks' sectoral credit on agricultural, industrial, building & construction and wholesale & retail trade Original Research Article

This research was carried out in collaboration between both authors. Author CIO was responsible for study conceptualization and sourcing of relevant literature. She also wrote the first draft of the manuscript and critically reviewed it thereafter. Author ACA sourced the data, performed the analysis and interpreted the results. Both authors read and approved the final version of the manuscript.

In this study, the empirical effect of monetary policy tools on performance of the Nigerian capital market was reexamined. The real effect of monetary policy tools on capital market performance is still not clear both from theoretical and empirical background, especially in emerging economies like Nigeria. Explicitly, this study evaluated the effect of monetary policy rate (the rate at the Central Bank of Nigeria extend credit facility to other financial institutions operating in the country), cash reserve ratio, liquidity ratio and loan to deposit ratio on the performance of the Nigerian capital market. Nigerian Stock Exchange and Central Bank of Nigeria annual reports of various edition supplied the relevant data for analysis. The Autoregressive Distributive Lag (ARDL) was the technique applied in estimating the model and for co-integration assessment, while granger causality analysis aided in ascertaining the effect of monetary policy tools on capital market performance. The result of the analysis illustrated that monetary policy tools and capital market Original Research Article

This study estimated the long run and short dynamics between government expenditure and industrial development in Nigeria from 1981 to 2016 with the view to evaluating how the industrial sector has been influenced by variation in government expenditure. The Autoregressive Distribute Lag (ARDL) was the technique applied. We found with dismay that government expenditure has not positively affected industrial development in Nigeria both in long run and short run despite the continuous rise in government expenditure and various policies of the government towards improving industrial performance in Nigeria. Funds allocated for environmental factors of production such as electricity, road, water, communication, etc. should be appropriately utilized. Political officer holders, contractors executing capital projects, people in corridors of powers, etc. who are embroil in misappropriation or embezzlement of public fund should be properly tried and punished if found guilty.

The effect of government expenditure on the standard of living has different impact for various level of economies. In this study, we determined the effect of government recurrent and capital expenditure on the standard of living in Nigeria using a test of causation. The long and short run estimates were done by utilizing an Autoregressive Distributive Lag (ARDL) model using data that spanned from 1981 to 2018. Findings/Originality: Precipitously, we asserted that government recurrent and capital expenditure have a significant effect on the standard of living in Nigeria. Nevertheless, that is not the true reflection of the living standard in the country. There is an enormous need for the government to increase its expenditure on the health sector. Investment in healthcare is positively related to economic growth and has the potential of reducing poverty, hence a better standard of living. The Federal Government of Nigeria ought to, as a matter of direness, prioritize capital expenditure over recurrent expenditure.