FACULTY OF THE SOCIAL SCIENCES

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Author: search.filters.author.Babatunde, M. A.

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    Exports trade, employment and poverty reduction in Nigeria
    (Emerald Group Publishing Limited, 2012) Babatunde, M. A.; Oyeranti, O. A.; Bankole, A. S.; Ogunkola, E. O.
    Purpose – Poverty reduction remains one of the main goals of development efforts, as evidenced by the adoption of the Millennium Development Goals by most developing countries and international agencies. The purpose of this paper is to explore the relationship between trade (exports) and employment and how the relationship reduces poverty through the instrumentality of employment, with a focus on Nigeria. Design/methodology/approach – The paper takes the form of descriptive analysis. Findings – Evaluating the case for Nigeria, the authors find that oil exports which drives economic growth do not provide the needed employment to reduce poverty, while agricultural trade, particularly exports, are capable of reducing poverty and inequality in Nigeria through the channel of employment and agricultural productivity growth. Originality/value – The paper makes a link between export trade, employment and poverty reduction in Nigeria.
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    An analysis of China-Nigeria investment relations
    (Emerald Group Publishing Limited, 2011) Oyeranti, G. A.; Babatunde, M. A.; Ogunkola, E. O.
    Purpose – The purpose of this paper is to analyze the economic relation between China and Nigeria in the area of foreign direct investment (FDI). Design/methodology/approach – The study employed the use of quantitative (descriptive analysis such as ratios, percentages and correlation as well as cross tabulations), qualitative (key informant interviews and surveys) and case studies – for example the railway transport project handled by the Chinese. The use of surveys assisted the study to generate firm-level data that allowed the analysis of China-Nigeria investment relations with respect to concerns such as the employment effects as well as the competitive and/or complementary effects of Chinese firms to local firms. The use of content analysis of relevant documents and reports obtained from various sources was equally involved to corroborate the results obtained from primary data. Findings – The findings reveal that the major characteristic of Chinese investment in Nigeria is its concentration in a few sectors that are of strategic interest to China, especially in the extractive industries which are carried out largely by state-owned enterprises or joint ventures. In addition, the analysis clearly shows that the engagement with China, just like any bilateral relationship, has some advantages and disadvantages and that optimal outcome of the engagement will depend on the policies and institutions that are put in place to maximize the complementary effects and to minimize the competing effects. However, there is need to ensure implementation of laws and regulations in Nigeria and to ensure compliance by the Chinese investors. Originality/value – This is the first study to carry out an empirical analysis of the China-Nigeria relation. The study was able to establish the sectors where the incoming FDI from China is directed and the extent at which Chinese FDI is bundled with inflows of aid. The study was also able to show that the incoming Chinese FDI are in resource seeking, and the output targeted at the external market. The study will be of value to academia and to policy makers who are interested in studying the China-Africa relation.
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    An empirical analysis of export supply response capacity in Nigeria
    (Centre For Public-Private Cooperation, Ibadan, 2018) Oyeranti, O. A.; Babatunde, M. A.; Adewuyi, A. O.; Bankole, A. S.
    The last two decades witnessed a significant fall in trade barriers in Nigeria in an attempt to boost trade and foster economic growth. The changes have been particularly marked in relation to the foreign trade regime. In spite of the significant trade liberalisation, considerably weak or sluggish non-oil export supply response still persisted in Nigeria. Using panel regression on macroeconomic data with a view to obtaining large sample size, implemented along with cross section fixed effect approach and correcting for contemporaneous correlation among the residuals, the study found significant information and establishment costs, as well as inclement macroeconomic environment that adversely impacted businesses in Nigeria and stalled their growth. In addition, it appeared that despite the substantial export bias, compensatory and complementary measures were inadequate to equalise the negative effect of export bias. Similarly, the analysis of survey data buttresses these findings.