The benefits of social media networking platforms on students’ academic performance in contemporary times cannot be, overemphasized. These social networking platforms crafts out opportunities for information sharing andalso danger for students in diverse fields. The danger of social networking addiction on students’ academic performance, health, and social well-being triggered this study.400 students enrolled in this cross-sectional study, through stratified random sampling technique. Using the online survey of Google Form for data collection. The Ordinary Least Square and Pearson’s correlation coefficient was used to quantify and examine the impact. Findingsrevealed that social networking impact significantly on students’ academic performance, and was more prevalent among undergraduate students (P = 0.000). Pearson’s correlation coefficient revealed a significant relationship between social networking addiction, academic performance, health and social well-being of students (p=0.001). The misapplication of social media can become addictive among users and students.Cognitive Behavioral Therapy is proposed to diminish the negative effect of social network addiction on students and other co-users.
Inflation is a continuous macroeconomic concern that has dominated thoughts at major economic fora due to its pervasive effect on the economy. The quantity theory of money isolates money supply as the major cause of inflation. The economic reality in Nigeria contravenes the theory. The study examines other determinants of inflation in Nigeria using the autoregressive distributed lag (ARDL) method on quarterly data from January 1999- December 2018. Findings show that poor infrastructural development, exchange rate, political instability, corruption, and double taxation significantly stimulate inflation rather than just money supply. The results show a causal relationship between other determining factors and inflation. The ARDL result shows a significant long-short run relationship. The study recommends that non-monetary factors of instigating inflation should be controlled and security expenditure should be review along with-related mechanisms to achieve low inflation at single digits at most and economic growth and development. Keywords: inflation rate, money supply, Nigeria, economic indicators, ARDL Error Correction Model
This study investigates the co-integrating and causal link between energy consumption and economic growth in three economic sectors of agriculture, manufacturing, and service sectors in Nigeria. Through the multivariate framework and quarterly data from 2000Q 1 -2018Q 4 . The ARDL bounds test approach, and Error Correction Model are the key techniques of analysis, and the Clemente-Montanes-Reyes unit root approach for structural breaks in the series. Findings revealed estimated billing system, and energy demand-supply gap as factors negatively influencing energy distribution and consumption in various sectors of the economy. The results also revealed a co-integrating relationship between economic growth and sectorial value creation. The results also revealed a bidirectional causality between liquefied natural gas and energy consumption and a unidirectional causality between economic growth and petroleum oil consumption. On the contrary, there is a non-causal relationship between the service and agricultural sectors. Sufficient energy distribution and consumption stir economic growth through value additions in the agricultural, manufacturing, and service sectors. The study recommends a review of the billing system, pricing framework, and policies to support, value creation, and addiction in Nigeria.
This study examines financial development on employment rate in Nigeria on the premise of goal 8 of the sustainable development goals (SDGs). Using the ARDL model and annualized time-series data from 1999-2019. Findings revealed a positive and statistically significant impact of financial development on employment rate. Supporting the Phillips curve of an inverse nexus between inflation rate and unemployment rate. The findings contravene Okun’s law of a negative relationship between economic growth and unemployment rate. The study recommences a policy framework to influence the operational and business activities of financial institutions to stir employment generation and economic growth in Nigeria.
To attract more Foreign Direct Investment (FDI) inflows is the important institutional policies of the most of nations all over the world. Identifying the key determinants of FDI inflows is therefore seen as an important task for policy makers. This study, therefore, investigates the major determinants of FDI in Nigeria spanning from 1986-2017. The secondary source of data was used for the study which was first subjected to stationarity test using Augmented Dickey-Fuller and Phillips Perron test. Findings showed that all variables were found to be integrated order one. Cointegration analysis showed that there exists a long run relationship among the variables. Based on this findings, Error Correction Mechanism was used in testing the hypotheses. The result showed that exchange rate, GDP, first lag of GDP, military expenditure, first lag of military expenditure, political stability and financial development are the major determinants of FDI inflows to Nigeria. The empirical findings of this study show that government at all levels should tackle the menace of insecurity ravaging the economy and portraying the country as insecure thereby creating a secure environment for FDI inflows. Democratic regimes should be sustained and investment policies should be instituted or improved on, in order to create a friendly environment to attract more FDI inflows.
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