September 2011
Financial derivatives, global economic crisis and less developed countries (LDCs)
Financial derivatives have been acclaimed as the greatest innovation of the 20th century. This popularity is not unconnected to their use as risk management tool. It is therefore disconcerting that such instruments meant to manage risks can be blamed for having exacerbated it, to the extent of causing a global crisis. In the light of the aforementioned, this paper examines the nature and uses of...
September 2011
Towards reducing poverty in Nigeria: The case of Igboland
This paper studied poverty in Igboland (Abia, Anambra, Ebonyi, Enugu, and Imo States) of Nigeria, using the 1996 National Consumer Survey data set. The results show that by 1996, the proportion of the Igbo States’ population living under the in 1992. The depth of poverty in Igbo%, up from 40.9%poverty line stood at 55.1 in 1992. The severity of% in 1996, again an increase from...
September 2011
Niger Delta University and the socio-economic life of Amassoma
The paper seeks to evaluate the impact of the establishment of Niger Delta University, Wilberforce Island, Bayelsa State on the socio-economic life of Amassoma City, with emphasis on the growth in population of the area in relationship to the availability of basic social amenities. To achieve this objective, descriptive statistics was employed in analysing the primary data collected. Our findings reveals that...
September 2011
Community–level institutions in sustainable exploitation of palm forest resources in South-east Nigeria
In order to protect palm grooves and strengthen community participation in the exploitation and management of palm forest resources, we investigate the roles of community-level institutions in the moderation of exploitation of palm forest resources studied in three states within the palm forest belt of southeast Nigeria. We confirmed that community-level institutions like community development associations...
September 2011
Infrastructure deficiencies and investment in manufacturing firms in Nigeria
The lack of private investment in productive capital is a serious problem in many developing countries, especially in sub-Saharan Africa in general and Nigeria in particular. In the last three decades, the Nigerian Government has spent a huge amount of money on infrastructure, but this has had little impact on efficiency. This study uses microeconomic evidence to show the effects of poor infrastructure...
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