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Impact of Stock Market Indicators on Nigeria’s Economic Growth: 1991-2021 MUSA, IBRAHIM; A. B., El-Yaqub; MAGAJI, SULE
Journal of Indonesian Applied Economics Vol. 12 No. 2 (2024): August 2024 (IN PRESS)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jiae.2024.012.02.7

Purpose The study examined the impact of stock market indicators on Nigeria’s economy between 1991 and 2021. Design/Methodology/Approach It employed Johansen co-integration to check the long-run relationship among the secondary data: Real Gross Domestic Product (RGDP) as the dependent variable; Market Capitalization (MCAP), All Share Index (ASI), and Gross Capital Formation (GCF) represented the independent variables which were source from CBN Statistical Bulletin and World Bank Development Indicators. Pre-estimation test showed that all the variables were integrated of order one, I (1) through the Augmented Dickey-Fuller unit root test. Findings The co-integration test revealed the existence of a long-run relationship among the variables. An Error Correction Model (ECM) technique was adopted to analyze the short-run dynamics in the dataset. The ECM results showed that market capitalization and all share indexes had a positive impact on the RGDP in the short run. However, the gross capital formation was found to be negative but significant at a 5 per cent significance level. Moreover, the error correction term showed that equilibrium, in the long run, is reconciled at a speed of approximately 51 per cent aftershock. Further, the diagnostic test showed that the residuals are homoscedastic and efficiently distributed. Results are therefore appropriate for policy analysis. Research Limitations/Implications This research offers valuable insights but the findings have some constraints of limitations particularly with regard to available relevant materials and papers. Originality/Value This study is clearly original for it has filled some gaps by examining the impact of stock market indicators on Nigeria’s economy between 1991 and 2021. Giving limited existing research, this study contributes to knowledge by exploring impacts stock markets indicators have on Nigeria’s economic growth within the period under study. Recommendations The study recommended that there is a need for the Federal Government of Nigeria through the Nigeria Stock Exchange (NSE) to encourage private sector investment in the capital market. This can be done through educating and enlightening the public using experts who are competent in stock market dealings.

Assessment of the Impact of Household Income on Child Labour in Bauchi State, Nigeria Musa, Ibrahim
INDONESIAN JOURNAL OF ECONOMIC AND SOCIAL SCIENCE Vol 2 No 1 (2024): Indonesian Journal of Economics and Social Sciences (IJESS)
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat Universitas Achmad Yani Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30989/ijess.v2i1.916

This study examines the impact of household income on child labour in the Bauchi Local Government Area of Bauchi State. The study employs the use of a survey research design through questionnaires. Data were obtained from 50 respondents who reside in the Bauchi Local Government Area of Bauchi State. The study makes use of percentage analysis and chi-square for data analysis and tables for data presentation. The result shows that low household income and lack of economic opportunities are the major determinants of child labour in the area, with an inverse relationship between household income and child labour. The research finds that a large majority of respondents (80%) do not receive grants or support from the government. Therefore, the study recommends policies that will provide more employment opportunities and household income schemes.

Pelatihan Training of Trainer (ToT) Guru SMK Bidang Komputer Akuntansi se-Kalimantan Timur Menggunakan Aplikasi Accurate Accounting V.5 Musa, Ibrahim; Marwanto; Gunawan, Candra; Sudirman, Fauziah Lily Anggraeni
Jurnal ETAM Vol. 4 No. 1 (2024): FEBRUARY
Publisher : Politeknik Negeri Samarinda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46964/etam.v4i1.671

Perkembangan teknologi akuntansi yang terkomputerisasi membuat software akuntansi pun berkembang. Setiap orang yang berkecimpung dalam bidang akuntansi dituntut untuk mampu menyelenggarakan akuntansi yang terkomputerisasi. Accurate merupakan salah satu aplikasi yang paling sering digunakan oleh banyak perusahaan di Indonesia, hal ini terlihatdari banyaknya lowongan kerja dengan kriteria mampu mengoperasikan aplikasi Accurate. Agar para guru dapat mempersiapkan siswa-siswi dalam memasuki dunia kerja, para guru perlu harus terus memperbaharui pengetahuan yang dimilikinya. Guru perlu mempelajari keterampilan komputerisasi yang dibutuhkan dalam dunia kerja, agar dapat mengajarkan para siswa dan mempersiapkan siswa untuk menjadi sumber daya manusia yang memiliki kompetensi yang dibutuhkan untuk memasuki dunia kerja dan menjawab tantangan industri.. Tujuan Kegiatan ini antara lain: (a) Meningkatkan pemahaman mengenai software akuntansi Accurate V5 dalam proses pencatatan transaksi keuangan untuk menyiapkan laporan keuangan; (b) meningkatkan kompetensi guru SMK dalam pemenuhan kewajiban mata pelajaran dandaya saing siswa setelah lulus sekolah. Pelaksanaan pelatihan diadakan selama 3 (tiga) hari dan pelatihan ini sangat sukses. Kesimpulan dari pemberian pelatihan ini telah menjawab masalah tidak siapnya guru pengampu mata pelajaran komputer akuntansi menggunakan Accurate serta peningkatan mutu kompetensi guru dalam menjalankan aplikasi Accurate Accounting akan berdampak kepada peningkatan kompetensi siswa yang nantinya akan menjadi lulusan SMK yang siap kerja di bidang komputer akuntansi khususnya menggunakan aplikasi Accurate.

Assessment of the Impact of Household Income on Child Labour in Bauchi State, Nigeria: Assessment of the Impact of Household Income on Child Labour Musa, Ibrahim
INDONESIAN JOURNAL OF ECONOMIC AND SOCIAL SCIENCE Vol. 2 No. 1 (2024): Indonesian Journal of Economics and Social Sciences (IJESS)
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat Universitas Achmad Yani Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30989/ijess.v2i1.916

This study examines the impact of household income on child labour in the Bauchi Local Government Area of Bauchi State. The study employs the use of a survey research design through questionnaires. Data were obtained from 50 respondents who reside in the Bauchi Local Government Area of Bauchi State. The study makes use of percentage analysis and chi-square for data analysis and tables for data presentation. The result shows that low household income and lack of economic opportunities are the major determinants of child labour in the area, with an inverse relationship between household income and child labour. The research finds that a large majority of respondents (80%) do not receive grants or support from the government. Therefore, the study recommends policies that will provide more employment opportunities and household income schemes.

Rancang Bangun Sistem Informasi Administrasi Santri Pondok Pesantren Darul Musthofa Sangatta dengan Menggunakan Macro VBA Excel Kusumah, Angga; Musa, Ibrahim; Marwanto, Marwanto; Estiningtyas, Naya; Safitri, Salsabela Nur
Jurnal Sistem Informasi Akuntansi Vol 5 No 2 (2024)
Publisher : LPPM Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/justian.v5i2.7406

The rapid advancement of information technology, particularly Microsoft Excel, facilitates the management of administrative data in educational institutions. Information systems are crucial for enhancing efficiency and effectiveness. The administration at Pondok Pesantren Darul Musthofa Sangatta is conducted manually, resulting in deficiencies such as inaccurate data, difficulties in information retrieval, limitations in student data management, and inefficient operations. The student administration information system is considered a solution to address these challenges. This system facilitates the management of student administrative data for administrators. The system is developed using the waterfall methodology, encompassing phases of requirement analysis, design, coding with VBA Macro in Microsoft Excel, testing, and maintenance. This study has produced a web-based student administration information system at Pondok Pesantren Darul Musthofa Sangatta. The system streamlines the administration of student data within the institution, conserving time, effort, and resources. Furthermore, it allows students and parents/guardians to access administrative information, including monthly payments, re-registration, and remaining funds. The system has been customized to meet the specific requirements of Pondok Pesantren Darul Musthofa Sangatta

Empirical Analysis of The Impact of Public Debt on Macroeconomic Wafure, Obida Gomna; Musa, Ibrahim; Ahmad, Abdullahi Idris
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 2 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i2.3855

This study investigates the impact of public debt on Nigeria's macroeconomic indicators, including real gross domestic product (RGDP), unemployment (UNEM), interest rate (INTR), and inflation rate (INFR), from 1980 to 2020. The study utilises the autoregressive distributed lag (ARDL) bounds testing approach for cointegration, and the nonlinear autoregressive distributed lag (NARDL) bounds testing approach. The cointegration analysis reveals a notable symmetric and asymmetric cointegrating relationship, both in the long run, between public expenditure (both external and domestic) and the chosen macroeconomic variables. In addition, the ARDL model demonstrates that Domestic Debt (DD) raises national output but reduces UNEM and INFRs significantly in the long term. However, the results suggest that External Debt (ED) raises UNEM and INTR in the country in the long term. The NARDL model indicates that the positive component of DD raises national output. The study reveals that both domestic and ED have long-term effects on national output, with negative debt reducing UNEM and INTR, and positive ED reducing inflation. Given these results, the federal government should decrease excessive borrowings due to their detrimental impact on macroeconomic indicators in the short and long run. Generate more revenue through tax increment rather than borrowing, diversify the economy into areas like agriculture and mining rather than depending on oil and borrowing, and reduce the leakages (corruption) in the system through effective and efficient use of the anti-graft agencies in Nigeria.

Rancang Bangun Sistem Informasi Administrasi Santri Pondok Pesantren Darul Musthofa Sangatta dengan Menggunakan Macro VBA Excel Kusumah, Angga; Musa, Ibrahim; Marwanto, Marwanto; Estiningtyas, Naya; Safitri, Salsabela Nur
Jurnal Sistem Informasi Akuntansi Vol. 5 No. 2 (2024): Periode September 2024
Publisher : LPPM Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/justian.v5i2.7406

The rapid advancement of information technology, particularly Microsoft Excel, facilitates the management of administrative data in educational institutions. Information systems are crucial for enhancing efficiency and effectiveness. The administration at Pondok Pesantren Darul Musthofa Sangatta is conducted manually, resulting in deficiencies such as inaccurate data, difficulties in information retrieval, limitations in student data management, and inefficient operations. The student administration information system is considered a solution to address these challenges. This system facilitates the management of student administrative data for administrators. The system is developed using the waterfall methodology, encompassing phases of requirement analysis, design, coding with VBA Macro in Microsoft Excel, testing, and maintenance. This study has produced a web-based student administration information system at Pondok Pesantren Darul Musthofa Sangatta. The system streamlines the administration of student data within the institution, conserving time, effort, and resources. Furthermore, it allows students and parents/guardians to access administrative information, including monthly payments, re-registration, and remaining funds. The system has been customized to meet the specific requirements of Pondok Pesantren Darul Musthofa Sangatta

Relationship Between Financial Inclusion and Economic Growth: : Evidence From Ardl Modelling Musa, Ibrahim; Magaji, Sule; Salisu, Ali
International Journal of Indonesian Business Review Vol. 2 No. 2 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijibr.v2i2.377

This study examines the impact of financial inclusion on economic growth in Nigeria. The statistical properties of data were tested using Zivot-Andrew unit root test. The Zivot Andrew unit root test indicates that gross domestic product, commercial bank branches (CBB) and mobile phone-based transactions are stationary at first difference while Automated Teller Machines (ATM) and foreign direct investment (FDI) are stationary at level. ATM has negative impact on GDP product in Nigeria. The long run coefficient shows that CBB has positive impact on GDP. ATM has positive impact on GDP. Mobile phone-based transaction has positive impact on GDP. FDI has positive impact on GDP. The error correction term (ECT) meets all the theoretical and statistical requirements both in the sign and size. This indicates that at 52.26% of the disequilibrium due to the shock in the previous years is adjusted back to the long run equilibrium in the current year. The Granger causality test shows that CBB, ATM, domestic depositors’ money in banks and FDI granger causes GDP while mobile phone-based transactions do not granger cause GDP. The study recommends that Central Bank of Nigeria should compel commercial banks to add the number of ATM in each branch.

Analysis of the Impact of Insecurity on Youth Unemployment (1990-2020): Analysis of the Impact of Insecurity on Youth Unemployment Musa, Ibrahim
International Journal of Management and Business Economics Vol. 2 No. 2 (2024): February
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v2i1.225

Using the ordinary least square estimation technique (OLS), this research examines the impact of insecurity on youth unemployment in Nigeria between 1990 and 2020. The study focuses on the relationship between the dependent variable, unemployment (UNE), and two independent variables, the National Terrorism Index (NTI) and Crime Rate (CR). The results reveal that NTI has a positive and statistically significant effect on UNE. Specifically, a unit increase in NTI leads to a 0.000827 rise in unemployment. Additionally, Nigerian CR demonstrates a significant and positive influence on UNE, with an increase in CR resulting in a 0.005653 increase in unemployment. Given that heightened insecurity directly contributes to unemployment, the study proposes several policy recommendations. Firstly, the government should consider reducing interest rates in commercial banks to enhance the availability of loans for small business owners, enabling them to hire more employees. Furthermore, addressing corruption in both public and private sectors, combating kidnappings, and establishing additional skill acquisition centers are crucial measures to tackle the issue of insecurity and promote employment opportunities.

Empirical Analysis of Monetary Policy and Economic Growth in Nigeria (1990-2022) Musa, Ibrahim; Ahmad, Abdullahi Idris
Integrated Journal of Business and Economics (IJBE) Vol 8, No 1 (2024): Integrated Journal of Business and Economics
Publisher : Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/ijbe.v8i1.826

This study examines the effects of monetary policy on economic growth in Nigeria throughout 1990-2022. The Autoregressive Distributed Lag (ARDL) bound cointegration is employed to analyse both the short-term and long-term dynamics. The research incorporates various monetary policy instruments as variables, namely Broad Money Supply (MS), Interest Rate (INTR), Inflation Rate (INFR), and Exchange Rate (EXR). Additionally, Economic Growth is measured by the Real Gross Domestic Product Growth Rate (RGDP). It utilises published data from the Central Bank of Nigeria (CBN). Results indicate the long-term statistical significance of the money supply (MS), inflation rate (INF), and exchange rate concerning their impact on the Growth Rate of RGDP. In the short run, it was seen that the MS exhibited statistical significance and exerted a positive influence on RGDP. Conversely, both INTR and EXR were statistically significant and were associated with a negative and significant association with RGDP. Consequently, the study suggests implementing monetary policy to cultivate a conducive investment climate. This may be achieved by promoting market-driven interest and currency rates, stimulating domestic investment, and enticing foreign direct investment.

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