Absence Of Data And Its Impact On The Nigeria’s Predictive Capacity
Table of Content
- Title Page
- Table of Content
- List of Tables
- 1.1 Background of the Study
- 1.2 Statement of the Problem
- 1.3 Objective of the Study
- 1.4 Research Questions
- 1.5 Research Hypothesis
- 1.6 Significance of the Study
- 1.7 Scope of the Study
- 1.8 Limitation of the Study
- 1.9 Definition of Terms
- 1.10 Organisations of the Study
Review of Literature
- 2.1 Conceptual Framework
- 2.2 Theoretical Framework
- 2.3 Empirical Review
- 3.1 Research Design
- 3.2 Population of the Study
- 3.3 Sample Size Determination
- 3.4 Sample Size Selection Technique and Procedure
- 3.5 Research Instrument and Administration
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Validity of the Study
- 3.9 Reliability of the Study
- 3.10 Ethical Consideration
Data Presentation and Analysis
- 4.1 Data Presentation
- 4.2 Analysis of Data
- 4.3 Answering Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
Summary, Conclusion and Recommendation
- 5.1 Summary
- 5.2 Conclusion
- 5.3 Recommendation
The study is categorized into five chapters. The first chapter presents the background of the study, statement of the problem, objective of the study, research questions and hypothesis, the significance of the study, scope/limitations of the study, and definition of terms. The chapter two covers the review of literature with emphasis on conceptual framework, theoretical framework, and empirical review. Likewise, the chapter three which is the research methodology, specifically covers the research design, population of the study, sample size determination, sample size, and selection technique and procedure, research instrument and administration, method of data collection, method of data analysis, validity and reliability of the study, and ethical consideration. The second to last chapter being the chapter four presents the data presentation and analysis, while the last chapter(chapter five) contains the summary, conclusion and recommendation.
1.1 Background of the Study
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Frequently Asked Questions
Why is Nigeria’s economy stagnant?
Decrease in oil r evenue, has made Nigerian economic to be stagnat ed. Also unemployment rate had ri se n tremendously from 4.3 percent in 1970 to 6.4 percent in 1980; 40 percent in 1992 and 41.6 percent in 2011. This was as a result of (2011) finding. On Oil revenue, it shows it has increased, but most of the funds been
What is the population of Nigeria in 2012?
Nigeria’s population is said to have reached about 167 million people in 2012 (National Bureau of Statistics). The National Population Commission (NPoC, 2013) states about half of the population is made up of youth, defined as individuals between 15 and 34 years of age.
What is Nigeria’s on-grid capacity addition project?
According to the Technical and Commercial Proposal released in May 2019, the first phase of the project will add an additional 2,000 MW to Nigeria’s existing on-grid capacity, significantly reduce aggregate technical, commercial, and collection while achieving improved grid stability and reliability.
Does oil revenue have short run impact on Nigeria’s economic activities?
The study therefore discovered that oil revenue does not have short run impact on the economic activities of Nigeria. However, the long run impact of this policy gave a sterling story, as it was revealed that the persistence rise in oil revenue will ultimately lead to future economic growth of the country.
What is the economy of Nigeria based on?
Economy. The Nigerian economy is one of the largest in Africa. Since the late 1960s it has been based primarily on the petroleum industry. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. Because this led to a great influx…
What happened to Nigeria’s revenue flow?
At the turn of the 21st century, Nigeria continued to face an unsteady revenue flow, which the government attempted to counter by borrowing from international sources, introducing various austerity measures, or doing both at the same time.
What are the biggest industries in Nigeria?
Resource extraction is the most important and the fastest-growing sector of the economy, reflecting the rise to prominence of crude oil output. Nigeria has been a member of OPEC since 1971. There are oil refineries at Port Harcourt, Warri, and Kaduna.
How do farmers make a living in Nigeria?
Roughly between one-fifth to one-half of all Nigerians obtain a living from agricultural production. Most are small-scale subsistence farmers who produce only a little surplus for sale and who derive additional income from one or more cash crops and from the sale of local crafts.
Why is Nigeria so densely populated?
With those numbers, Nigeria will become the third most populated country in the world. The major contributors to Nigeria’s population growth are early marriages, high birth rates, and a lack of family planning access. The birth rate in Nigeria is about 37 births per 1,000 people.
Why does the Nigerian population grow so fast?
Rural- Urban migration has become increasingly popular due to increased importance of push and pull factors. The population has grown so large that there is an estimated 6,000 people commuting in everyday.
What are the races of the people of Nigeria?
Committed to achieving excellence through a diverse workforce and inclusive culture that encourages all people to reach their full potential. Michigan State University Extension programs and materials are open to all without regard to race, color …
What is the life expectancy of people in Nigeria?
Here are the top 10 facts about living conditions in Nigeria which aim to shed some light on these questions. In Nigeria, the average life expectancy is 53 years. While low compared to western standards, this figure is dramatically higher than the 37 expected years in 1960.
Is Nigeria’s actual power generation a third of its actual capacity?
Nigeria’s actual power generation is a third of its capacity. Though power generation has improved, maximum peak generation hovers around 4,700MW which is a third of what the country is capable of producing, and below TCN’s wheeling capacity of 6,700MW.
How much power does Nigeria generate from hydroelectric power?
The actual average generation lied on 3,800MW. According to the World Bank of collection of development indicators, Nigeria had a total installed capacity of 8,457MW in 2014 with generation from hydroelectric sources reported at 17.59% (% of the total).
What has power Africa done for the development of Nigeria?
Power Africa has supported the development of 3,043 megawatts (MW) of electricity generation projects in Nigeria. In addition, various firms have received U.S. Embassy support to move transactions forward.
What are the challenges faced by the Nigerian power sector?
The Nigerian power sector experiences many broad challenges related to electricity policy enforcement, regulatory uncertainty, gas supply, transmission system constraints, and major power sector planning shortfalls that have kept the sector from reaching commercial viability.
Does oil revenue matter for economic growth in Nigeria?
The study found evidence that oil revenue had an insignificant influence on the key economic sectors in Nigeria. Asagunla and Agbede (2018) used Fully Modified Ordinary Least Squares (FMOLS) method to assess the impact of oil revenue on economic growth in Nigeria from 1981 to 2014.
Does oil revenue affect economic growth in developing countries?
The regression results indicate that oil revenue has a significant negative impact on economic growth which is represented by gross domestic product. On the contrary, the study finds evidence that agriculture and non-oil tax revenue have a robust significant and positive influence on economic growth.
Does indirect tax affect economic growth in Nigeria?
From the studies, it is clear that so many studies have been carried out on the impact of indirect tax and direct tax on economic growth in Nigeria (Hakim, 2020;Neog & Gaur, 2020;Ogundana et al., 2017), oil revenue, and oil price on economic growth.
Does government spending and non-oil revenue affect economic growth?
After detecting the non-stationarity of our variables, we found cointegration to exist among the variables. The short run and long run results show negative effects of government spending on economic growth while non-oil revenue shows positive effects on economic growth.