<p>The paper focuses on the impact of macroeconomic determinants on industrial productivity in Nigeria for the period, 1981-2013. It was discovered that while the Nigerian government had embarked on a number of industrial development strategies with the sole purpose of boasting industrial productivity in Nigeria, they seem to have yielded little or no result. The macroeconomic variables in the study include industrial production index, exchange rate, consumer price index, interest rate, broad money supply, foreign direct investment, credit to manufacturing sector and gross domestic product. The study employed OLS technique and found that exchange rate exert significant positive impact on industrial productivity in Nigeria. Also, the impact of interest rate, FDI and real GDP on industrial production index is positive. On the other hand, consumer price index, broad money supply and credit to manufacturing sector exert negative impact on industrial development in Nigeria. The paper recommended that a workable M2 that can enhance credit to manufacturing sector and at the same time control interest rate to boast investment should be determined.</p>
The average agriculture output growth between 2011–2020, which stood at 3.5% against the backdrop of over 2.6% population growth rate, accounts for the present food insecurity, hunger, and malnutrition in Nigeria. The study aims to examine the impact of population growth on food security in Nigeria with data covering 1986–2020. The study employed two models: the first model analyzed agriculture output as a function of population growth rate. The second model examined the impact of population growth and agriculture productivity on economic growth. The Cochrane-Orcutt iterative method on an ordinary least squared (OLS) was employed. The study results found that population growth had a significant impact on agriculture output. However, the paper further substantiated that economic growth is significantly and positively responsive to changes in agriculture output and population growth rate in Nigeria. Among other things, the study recommended the government consider an increase in budget allocation to the agriculture sector so as to boost food output. Finally, the government may also consider introducing a policy that would encourage small families, thereby reducing the country’s population growth rate.
This study investigated whether entrepreneurship in Small and Medium Enterprises (SMEs) can be a facilitator for capacity building and sustainable youth"s employment generation in the Federal Capital Territory, Abuja, Nigeria. The study used the survey research design. A structured questionnaire was employed for the collection of data. The views of 100 SMEs entrepreneur selected through the purposive sampling technique were elicited on whether entrepreneurship in SMEs can promote capacity building and sustainable youth"s employment generation in Abuja. The results showed that that entrepreneurship in SMEs can facilitate capacity building and sustain employment generation among youths in Abuja. However, the study revealed that entrepreneurship in SMEs can contribute effectively to the provision of capacity building and sustainable job for youths in Abuja. The finding revealed that access to finance was identified as the greatest barrier facing SMEs entrepreneur in the generation of sustainable employment for youths. Furthermore, the main channels through which SMEs entrepreneur create job for youths in the study area were becoming drivers of innovation and becoming the engine of economic growth. The results showed that entrepreneurship in SMEs is a catalyst for capacity building and sustainable youth"s employment generation in the Federal Capital Territory, Abuja. The study, therefore, recommends that: besides the microfinance banks, entrepreneurship development banks should be established with a view to providing fund to support SMEs and other enterprises in general and the government should provide the enabling environment for SMEs entrepreneur to thrive. Contribution/ Originality:This study is one of very few studies that contributed in a novel way to the existing literature on entrepreneurship and employment generation by specifically concentrating on Abuja. It has the capacity of unlocking the untapped potentials of youths thereby reversing the consequences of high youth unemployment on Nigeria"s development. INTRODUCTIONThe issue of job creation, youth employment and youth empowerment are some of the key factors working against the realization of central goals of the government in the direction of targets of development as entrenched in the medium-term Economic Recovery and Growth Plan (ERGP) and Vision 20:2020 of the Federal Republic of
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