FACULTY OF THE SOCIAL SCIENCES
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Item An Econometric Analysis of Residential Fuel Choice in Nigeria: Application of Access Framework(Inderscience Publishers, 2023) Ogunro, T.; Alaba, O.; Adeniyi, O. A.Despite global calls for a transition to modern energy, Nigerian households continue to face obstacles in accessing clean cooking energy. This paper examines the barriers to household fuel choice in rural and urban areas of Ogun Sate, Nigeria, employing an access framework. Through a cross-sectional study involving 597 households, we examined the factors associated with the selection of household cooking fuel and the access challenges. The framework conceptualises fuel choice as a function of three key access dimensions: affordability, availability, and acceptability, using multinomial logit regression. The findings showed that firewood and kerosene remain Nigeria’s dominant household fuel sources. The results highlight that fuel choice is influenced not only by affordability factors but also by factors related to availability and acceptability. Consequently, the study recommends a comprehensive approach beyond affordability, to ensure modern energy sources are culturally acceptable while establishing secure supply chains towards a more environmentally sustainable energy future.Item Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem(SAGE Publications, 2020) Tade, O.; Adeniyi, O. A.A negative outcome of the nascent cashless policy in Nigeria has been persistent electronic banking fraud (e-fraud). Fraud occurrence in any financial space indicates insecurity and loopholes being exploited by fraudsters. This underscores the importance of trust governance in electronic banking and its centrality in a transiting cashless economy like Nigeria. Against this background, we investigated e-banking fraud and the role trust governance plays in both the adoption and refusal to migrate and use electronic banking in Nigeria. Using qualitative methods (in-depth and key informant interviews) of data collection, 30 participants were purposively selected and, in some instances, reached through the snowball and referral methods. Findings showed internal, external, and collaborative dimensions of e-fraud. Experiences of fraud reportedly affected adoption and migration of bank customers to e-banking platforms. Although weak governance mechanism was reported, banks nonetheless are embracing security mechanisms such as sending SCAM alert messages to customers, while shaming and sack of compromised staff were employed as within-bank measures to secure the confidence of customers in the evolving financial ecosystem.Item An Econometric Analysis of Residential Fuel Choice in Nigeria: Application of Access Framework(Inderscience Publishers, 2023) Ogunro, T.; Alaba, O.; Adeniyi, O. A.Despite global calls for a transition to modern energy, Nigerian households continue to face obstacles in accessing clean cooking energy. This paper examines the barriers to household fuel choice in rural and urban areas of Ogun Sate, Nigeria, employing an access framework. Through a cross-sectional study involving 597 households, we examined the factors associated with the selection of household cooking fuel and the access challenges. The framework conceptualises fuel choice as a function of three key access dimensions: affordability, availability, and acceptability, using multinomial logit regression. The findings showed that firewood and kerosene remain Nigeria’s dominant household fuel sources. The results highlight that fuel choice is influenced not only by affordability factors but also by factors related to availability and acceptability. Consequently, the study recommends a comprehensive approach beyond affordability, to ensure modern energy sources are culturally acceptable while establishing secure supply chains towards a more environmentally sustainable energy future.Item Effect of Fragility on Growth and Poverty in Nigeria: A Disaggregate State-Level Analysis(Western Illinois University and Tennessee State University College of Business, 2023) Adedeji, A.; Adeniyi, O. A.Why some nations are wealthier than others are one of the most contentious and enigmatic questions in international development economics. This has necessitated plausible explanations for the reasons behind Africa's poor development record over the past 50 years. Among other factors, fragility arising from different conflicts in African countries has been ranked as a key factor that undermines the development of the continent. Nigeria found itself in this set due to growing conflicts in different parts of the country. Consequently, fragility worsened the country's development due to the huge associated economic and social costs. More so, conflict-affected countries are characterized by the worst socio-economic outcomes. Hence, existing studies have been preoccupied with the understanding of the relationship between fragility and economic growth as well as fragility and poverty. To provide evidence in the context of Nigeria, this paper, therefore, empirically investigated the fragility-growth nexus, as well as the fragility-poverty nexus, in a sample of 36 states and the Federal Capital Territory (FCT) in Nigeria. We further considered the macroeconomic and socio- political relationships in fragile and non-fragile states of Nigeria. Using data covering the period between 2011 and 2015, both the static approach (Ordinary Least Squares, Fixed Effect, and Random Effect) and the dynamic approach (Difference and System Generalized Method of Moments) were explored to provide answers to some key questions in the study. The results showed that the neoclassical and socio-political approaches complement each other. Specifically, fragility significantly weakened economic growth and further worsened poverty levels among the states. This suggests that conflict-related fragility creates an unstable environment that discourages economic activities and aggravates hunger among the population. More so, the results indicated that only debt enhances economic growth while income reduces poverty in both fragile and non-fragile states. Hence, conflict resolution is crucial to addressing conflicts in different parts of the country. Also, the country needs to explore various strategies (security infrastructure, and human capital) to overcome fragility, enhance economic growth, and combat poverty.Item Econometric Analysis of the Deficit Financing Options-Growth Inclusiveness Nexus in India and Nigeria(Springer Nature, 2020) Chigbo, M.; Adeniyi, O. A.; Orekoya, S. O.The crux of the study was to ascertain whether (and to what extent) the different defi cit financing options impacted inclusive growth in India and Nigeria. The paper con ducted an empirical analysis using data covering the period from 1989 to 2018 using the ARDL model. Some interesting results were obtained. First, foreign aid positively impacted inclusive growth in both short and long run for Nigeria. Contrarily, the results for India presented an inverse relationship between aid and inclusive growth with no statistical significance in the short and long run. Second, the impact of borrowing on inclusive growth was significant and negative for short run and long run in India. In the Nigerian case, the findings highlighted a positive and significant effect of borrowing on inclusive growth for both time horizons. Third, on the issue of human capital investments, the government expenditure on education effect on growth inclusiveness was found to be positive and negative in the short and long run, respectively, for India. On the other hand, government expenditure on health was negative in the short run and positive in the long run in Nigeria. Thus, there are a number of relatable policy recommendations viz: (i) Nigeria needs to utilize its borrowing options more effectively by undertaking relevant infrastructural and human capital investments; (ii) Instead of reliance on foreign aid for growth, Nigeria could join the liquidity race by attracting more diaspora remittances like its comparator India; (iii) The government of India should devote even more resources to capital expenditure to drive long-term investments and ensure that a greater number of citizens benefit from the process.Item Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem(SAGE Publications, 2020) Tade, O.; Adeniyi, O. A.A negative outcome of the nascent cashless policy in Nigeria has been persistent electronic banking fraud (e-fraud). Fraud occurrence in any financial space indicates insecurity and loopholes being exploited by fraudsters. This underscores the importance of trust governance in electronic banking and its centrality in a transiting cashless economy like Nigeria. Against this background, we investigated e-banking fraud and the role trust governance plays in both the adoption and refusal to migrate and use electronic banking in Nigeria. Using qualitative methods (in-depth and key informant interviews) of data collection, 30 participants were purposively selected and, in some instances, reached through the snowball and referral methods. Findings showed internal, external, and collaborative dimensions of e-fraud. Experiences of fraud reportedly affected adoption and migration of bank customers to e-banking platforms. Although weak governance mechanism was reported, banks nonetheless are embracing security mechanisms such as sending SCAM alert messages to customers, while shaming and sack of compromised staff were employed as within-bank measures to secure the confidence of customers in the evolving financial ecosystem.Item Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem(SAGE Publications, 2020) Tade, O.; Adeniyi, O. A.A negative outcome of the nascent cashless policy in Nigeria has been persistent electronic banking fraud (e-fraud). Fraud occurrence in any financial space indicates insecurity and loopholes being exploited by fraudsters. This underscores the importance of trust governance in electronic banking and its centrality in a transiting cashless economy like Nigeria. Against this background, we investigated e-banking fraud and the role trust governance plays in both the adoption and refusal to migrate and use electronic banking in Nigeria. Using qualitative methods (in-depth and key informant interviews) of data collection, 30 participants were purposively selected and, in some instances, reached through the snowball and referral methods. Findings showed internal, external, and collaborative dimensions of e-fraud. Experiences of fraud reportedly affected adoption and migration of bank customers to e-banking platforms. Although weak governance mechanism was reported, banks nonetheless are embracing security mechanisms such as sending SCAM alert messages to customers, while shaming and sack of compromised staff were employed as within-bank measures to secure the confidence of customers in the evolving financial ecosystem.Item Economics and environmental-health risk assessment for sustainable development of the gold mining industry in Nigeria(University of Belgrade, Technical Faculty in Bor, Department of Engineering Management, 2024) Oyeranti, O.Though the gold mining industry potentially generates employment and increases Nigeria’s foreign exchange, the crude practices of artisanal miners often exacerbate environmental degradation and health hazards. Hence, humans face health risks when excessively exposed to the heavy metals released during gold mineralization. This study, therefore, adopts a descriptive approach towards suggesting a comprehensive economic evaluation and risk analysis for managing the impact of gold mining industry sustainably and bearing in mind people’s health that should equally be managed in a healthy and sustainable manner. A review of existing Environment-Health Risk Assessment (EHRA) studies on gold mining areas in Nigeria reveals that the estimated risk quotients are generally above recommended limits consequent upon inadequate enforcement of mining precautions. This study, therefore, argues that incorporating EHRA studies and considering economic costs and benefits of mining could provide an objective benchmark for managing various estimated health risk quotients and returns from more gold mining. For Nigeria’s, harnessing opportunities in the gold mining industry requires interdisciplinary drive that seeks to incorporate environmental-health risks into optimization of gold mining industry. Appropriate policy interventions will be expedient for gold mining industry to be less harmful and not constitute direct threat to sustainable development in Nigeria.Item Effect of carbon footprint on agricultural productivity in Nigeria: an empirical analysis(2024-05) Oyeranti, O. A.This study examines the relationship between carbon footprint (CFP) components and agricultural productivity in Nigeria, a critical area of investigation given the country's reliance on agriculture for economic stability, food security, and employment. Using time series data from 1990 to 2020, sourced from the Central Bank of Nigeria (CBN) and the World Bank, this study analyzes the effect of carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) emissions on agricultural output. Employing Robust Least Square (RLS) regression and the Error Correction Model (ECM), the study finds that CO2 and CH4 emissions negatively affect agricultural productivity, with 1% increases in CO2 and CH4 emissions leading to approximate decreases in agricultural output by 2% and 3%, respectively. Conversely, a 1% increase in N2O emissions correlates with an 8% increase in agricultural output, attributed to the use of nitrogen- based fertilizers. The results confirm the presence of long-run equilibrium relationships among the variables, with approximately 32% of the previous year's disequilibrium corrected annually. The study's findings align with the Environmental Kuznets Curve (EKC) hypothesis, suggesting that Nigeria is in the early stages of economic growth where environmental degradation is pronounced. These insights underscore the need for sustainable agricultural practices and effective carbon emission mitigation strategies to enhance food security and support economic growth in Nigeria.Item Interrogating the effects of carbon-dioxide (CO2) emissions on life expectancy in Nigeria: an ARDL approach(2024) Oyeranti, O. A.This study examines the relationship between CO2 emissions and life expectancy in Nigeria, employing an Autoregressive Distributed Lag (ARDL) model to analyse both short-run and long-run effects. The study utilises data spanning from 1986 to 2020, focusing on C02 emissions from different sources—solid, liquid, and gaseous fuels—alongside economic growth indicators and government health expenditures. The findings reveal that CO2 emissions from all sources negatively affect life expectancy in both the short-run and long-run analyses, with emissions from solid and liquid fuels showing particularly strong adverse effects. Conversely, the study finds that higher GDP per capita and increased government health expenditure significantly enhance life expectancy, acknowledging the critical role of economic development and health funding in improving public health outcomes. The study confirms the necessity for comprehensive environmental policies aimed at reducing pollution and promoting cleaner energy alternatives. Additionally, it highlights the importance of economic policies that foster growth and health sector investments, suggesting these as dual avenues for enhancing the well-being and longevity of the Nigerian population. This paper contributes to the existing literature by providing empirical evidence of the direct and indirect effects of environmental and economic factors on public health. It offers valuable insights for policymakers on the importance of integrated strategies that address both environmental sustainability and economic development toward improving life expectancy in developing countries like Nigeria.