The National Economic Reconstruction Fund (NERFUND): achievements, constraints and prospects. See

This paper reviews and appraises the National Economic Reconstruction Fund (NERFUND), which is one of the specialized financing facilities for promoting small and medium scale enterprises (SMEs). The study notes that given the importance of SEMs in the industrialization process, particularly in the areas of employment generation and development of indigenous technology, evaluating the effectiveness of the scheme is of major interest especially to inform policy analysis and choices. The paper ...

Statistical Section. See

The Statistical tables comprises of the following: Central Bank of Nigeria statement of Assets and Liabilities, Central Bank rediscount operations, Currency in circulation, Money supply, Commercial Banking system statement of Assets and Liabilities, Analysis of Commercial Banks Loans and advances.

The implications of full European integration in 1992 for the Nigerian economy. See

The article focuses on the implications of the proposed integration and the consequences for the Nigerian economy, with particular emphasis on merchandise, trade and the general flow of resources. The essay, which is largely analytical and descriptive, is divided into five parts. Part one discusses some theoretical aspects of integration, as the idea behind the creation of the European Community has been projected as a practical demonstration of the relevance of the concept. Part two reviews ...

Foreign exchange management in Nigeria: past, present and the future. See

The paper examined foreign exchange management in Nigeria during the period prior to and since the introduction of the Structural Adjustment Programme (SAP), and outlined the prospects for foreign exchange management in the future. It highlighted factors that need to be reversed by appropriate policies if a crisis-free and more relaxed foreign exchange management mechanism is to evolve. The major findings of the paper include the inability of exchange control measures adopted before the comme...

Methodological notes on the computation of consumer price index, inflation rate and GDP deflator in Nigeria. See

The officially published inflation rates for Nigeria have tended to generate a lot of arguments within the academia, the private and the public circles largely because of the feeling that the adopted methodologies for its computation tended to underestimate and or failed to indicate the true changes in real consumer price level. This paper attempts to review and compare the methodology for computing the major price indexes currently in use in Nigeria; Consumer Price Index (CPI) and Gross Dome...

Private foreign investment in 1965 See

This report is the fourth in the series on private foreign investment in Nigeria, and is based on the latest data obtained from the survey of private foreign investment in 1965. As in the previous surveys, the enquiry for 1965 was confined to companies which were wholly or partly owned by foreign persons. The survey covered 594 establishments, and produced fifty-seven per cent response, on the basis of which estimates were made.

Marketing order impacts on farm-retail price spreads:the suspension of prorates on California-Arizona navel oranges by Gary D. Thompson and Charles C. Lyon in American journal of agricultural economics vol. 71, no. 3, August 1989.: a review. See

The paper attempted to measure the impact of the suspension of prorate on California-Arizona (C.A.) navel oranges on the price differentials between retail and farm-gate rates. The exercise was to test the efficacy of the policy measure of volume control in an organised agricultural setting. The method used by the authors was empirical and four seemingly unrelated linear equations were specified. The paper was structured into three sections. Section one contained the history of the California...

Clearance and settlement system in the world securities market by group of thirty, of New York and London, copy right, March, 1989, group of thirty, New York/London: a review. See

The article focuses on the clearance and settlements system in the worlds' securities markets and proffers recommendations aimed at facilitating securities trading internationally. It is the report of the study carried out by the Group of Thirty- a private sector group concerned with improving the working and efficiency of the international financial system especially the operation of the world securities market. Largely the outcome of a symposium organised by the group in March 1989, it disc...

The common agricultural policy of the European Community: principles and consequences. See

This is a review of the paper "Common Agricultural Policy of the European Community by Julius Rosenblatt, Thomas Mayer, Kasper Bartholdy, Oimitrios Oemekas, Sanjeev Ouptar, and Leslie Lipschitz, a 70 paged IMF Occasional paper, No. 62, November, 1988 (c) and published by the International Monetary Fund, Washington. D.C.

Economic growth, poverty and income inequality matrix in Nigeria: a further investigation See

This paper examined the existing relationship among economic growth, poverty and income inequality in Nigeria using the Vector Auto-regressive (VAR) model and the Engle-Granger technique to test for the causality existing among the variables, the results revealed that economic growth had no impact on poverty reduction and income distribution in Nigeria due its non-inclusive nature.

Empirical estimation of optimal international reserves for Nigeria: the sudden stop model See

The study examined the issue of optimum external reserves for Nigeria during 2010-2014, using Jeanne and Ranciere (2006) and Gancalves (2007) sudden stop model approach. the study showed that resident foreign currency deposit accounted for over 90 per cent of the total foreign currency deposit, while non-resident foreign currency deposit, accounted for the remaining.

Non-Oil revenue buoyancy and elasticity: implications for revenue generation in Nigeria See

The paper employs annual time series data on real government tax revenue components from 1981-2014 to endogenously determine the level of non-oil revenue buoyancy and elasticity and its implication for revenue generation in Nigeria.The study found that with the exception of the Company Income Tax, an inelastic tax structure exists in Nigeria for the period under review.

The impact of lending rate on the manufacturing sector in Nigeria See

The study investigates the impact of lending rate on output of the manufacturing subsector using the vector error correction model and annual data from 1981 - 2014. The empirical results indicated that high lending rate had negative impact on manufacturing output in the long-run. The study, therefore recommends the implementation of investment friendly policies that narrows, the lending rate by the deposit money banks in order to stimulate output growth in the manufacturing sub-sector and all...

Foreign private investment in Nigeria in 1985 See

This report contains an analysis of the flows of foreign private investment through wholly foreign or jointly Nigerian/foreign companies incorporated in Nigeria in 1985.

Deregulation in the Nigerian banking industry: a review and appraisal. See

The objective of the paper is to review and appraise the process of deregulation in the Nigerian banking industry since the adoption of the Structural Adjustment Programme in 1986. As a background, the paper analyses some conceptual and theoretical issues and the regulatory framework before 1986. Deregulation of the banking industry involves the systematic removal of regulatory controls, structures and operational guidelines which may be considered inhibitive of orderly growth, competition an...

Statiscal tables. See

The statistical section comprises the following: Central Bank of Nigeria statement of assets and liabilities; Central Bank monthly rediscounts (gross); Commercial Banks' statement of assets and liabilities; Analysis of Commercial Banks' loans and advances; Maturity structure of Commercial Banks' loans and advances; Ratio of loans and advances to deposits; Net external assets of Commercial Banks; Liquidity ratios of Commercial Banks; Consolidated bankers' clearing houses; Merchant Banks' state...

The fluctuation of Federal Government expenditures: a statistical analysis. See

The purpose of this paper is to discuss the degree of variation in Federal Government expenditures during 1970-86 period, which may be interpreted to indicate the range of choice facing policy makers in determining the categories of expenditures that are amenable to wide discretionary adjustments. The analysis was done in terms of the simple coefficients of variation. The analysis of indices of predictability through Theil's coefficient of inequality was also undertaken to assess the predicti...

Statistical section See

Central Bank of Nigeria's statements of Assets and Liabilities

The development of Nigerian agriculture: suggestions for the future: a review See

This is a review of the book "The Development of Nigerian Agriculture: suggestions for the Future", it highlights developments on Nigerian agriculture.