Search results for query: Sanusi

1. Financial globalisation and economic transformation in Africa: Evidence from Nigeria
   

   Author: Patrick Idode, Gbenga Sanusi

   See Issue Contents: fins.2019.1

   Abstract:

   This study examines the effects of financial globalisation on the Nigerian economy using data from the Central Bank of Nigeria statistical bulletin and the Nigeria Bureau of Statistics reports from 1992 to 2017. Using both descriptive and inferential statistical analyses, the study reveals that financial globalisation has helped to mobilise foreign direct investment into the economy and the significant positive effect of personal remittances on per capita income of Nigerians. Therefore it recommends that favourable policies to attract and retain FDI and personal remittances from developed nations should be encouraged and African governments and economic actors should consider all stakeholders’ interests, and ensure that an international financial and trade system is “fair and reciprocal” to eliminate the persisting trends in abject poverty, predatory trade policies and the escalation of economic inequalities in Africa.

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2. International remittance inflows and import spending in Nigeria
   

   Author: Gbenga Peter Sanusi, Oladele L. Oderinde

   See Issue Contents: fins.2020.2

   Abstract:

   This study examined the historical trends of remittances and import spending in Nigeria to determine the possible aftermaths of COVID-19 pandemic. Time series data for the period 1977- -2019 was used in a VAR model. Result indicates that a unit shock on remittances accounts for about 28% variation in import demand in the second period. Migrant’s remittances and GDP per capita show a weak endogenous relationship. Remittances tend to be stable and not affected by the exchange rate. Thus, import demand may not reduce significantly due to fall in remittances as a consequence of COVID-19. Therefore, improved industrial expansion in the production of goods and services are essential in curtailing aggregate import demand

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