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All Journal JURNAL EKONOMI DAN BISNIS AIRLANGGA Journal of Innovation in Business and Economics
Onanuga, Abayomi Toyin
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Economics, Econometrics & Finance

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Carbon Fiscal Instruments and Green Finance: An Aid to the Success of SDGs in Nigeria? Toyin, Onanuga Olaronke; Onanuga, Abayomi Toyin
Journal of Innovation in Business and Economics Vol 3, No 02 (2019): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v3i02.7895

Abstract

The need to improve on the use of Fiscal Instruments and engender an improvement in Green Finance remains a challenge in Nigeria. Using the Metcalf?s Framework, this paper explains why Carbon Fiscal Instruments are enforced on emitters to check emissions and their level of effectiveness. Furthermore, a comparative analysis of Nigeria?s performance with some sub-Saharan African countries using the SDGs Index and Dashboard Indicators Framework was discussed. Finally, after appraising the use of Green Finance as a means of innovative finance, the paper found a dearth of fiscal instruments in Nigeria coupled with a low level of Green Finance opportunities. The paper concludes that Nigeria needs to design and implement an optimal climate change fiscal policy and Green Finance mix for Green growth. We recommend that the government needs to encourage creative and innovative ways of generating funds for Green investments in the private sector.
Bank lending channel and household consumption expenditure in Nigeria Onanuga, Abayomi Toyin; Arikewuyo, Kareem Abidemi
Journal of Innovation in Business and Economics Vol. 8 No. 01 (2024): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v8i01.29447

Abstract

The main objective of this paper is to determine the effect of bank lending channel on household consumption expenditure in Nigeria. The influence of the channel as a transmission route to household consumption has not been relatively investigated in many developing nations like Nigeria. In view of this, the aim of the study is achieved using the non-linear econometric approach such as the Generalized Method of Moments (GMM) on annual secondary data obtained from the United Nations Statistical Division Database and Central Bank of Nigeria Database. The study found that lending rates in maximum and prime are significantly affect real household consumption expenditure in Nigeria. In addition, evidence from the study suggest that growth rate of the per capita income and changes in the domestic prices of nominal output significantly affect the response variable The study discussed the implications of the study for the bank lending channel with policy recommendations.
IMPACT OF TRADE LIBERALISATION REGIME AND ECONOMIC GROWTH IN NIGERIA Adeniwura, Oluwatoba Oyedele; Onanuga, Abayomi Toyin; Adelowokan, Oluwaseyi Adedayo
Jurnal Ekonomi dan Bisnis Airlangga Vol. 35 No. 2 (2025): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jeba.V35I22025.333-343

Abstract

Introduction: This study aims to examine the impact of trade liberalization on economic growth in Nigeria, considering different policy regimes from 1986 to 2022. The study seeks to assess how exchange rates, capital stock, and policy shifts influenced economic growth during the Structural Adjustment Program (SAP) era and the gradual trade liberalization period. Methods: The linear regression model was employed with data sourced from the Central Bank of Nigeria publications and the National Bureau of Statistics. The Augmented Dickey-Fuller (ADF) test is used to test variable stationarity, and the Markov Switching Regime model captures the effects of policy shifts on economic growth. Results: In the first regime (SAP era), exchange rate and capital stock had a significant positive impact on economic growth, while trade liberalization showed a negative but insignificant effect. In the second regime (gradual trade liberalization), capital stock maintained a positive effect, but both trade liberalization and exchange rates had a significant negative impact. Conclusion and suggestion: The findings suggest that trade liberalization has had a generally negative impact on Nigeria's economic growth, particularly during the gradual liberalization period. To promote growth, policymakers should reconsider the export promotion strategies that enhance domestic production.
Co-Authors Adelowokan, Oluwaseyi Adedayo Adeniwura, Oluwatoba Oyedele Arikewuyo, Kareem Abidemi Toyin, Onanuga Olaronke