Browsing by Author "ADEYEMI, Kenneth Sola"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
Item DETERMINATS OF EXCHANGE RATE VOLATILITY AND ECONOMIC GROWTH IN NIGERIA(Department of Business Administration, University of Ilorin, Ilorin. Nigeria., 2018) ADEYEMI, Kenneth Sola; ABDULMUMIN, Biliqees AyoolaAn economic recession occurs when the Gross Domestic Product (GDP) of an economy drops for two consecutive quarters. Despite the plausible effect of economic recession on the economy, the determinants of exchange rate volatility and economic growth taking cognizance of the period of recession remain an open question. Against this background, this study examines the determinants of exchange rate volatility and economic growth in Nigeria from 1984 to 2016. This study further investigates the trend of GDP and exchange rate volatility. This study employs secondary data from Central Bank Statistical Bulletin and World Bank Development Indicators. Data obtained were analyzed using Error Correction Mechanism (ECM). The findings show that money supply, trade openness, total government expenditure and effect of the recession (dummy) have significant effect on exchange rate volatility and GDP in Nigeria. This study concludes that there is high propensity to achieve a better level of economic development if the economy is prevented from going into recession. This study recommends that the economy should be well diversified in order to increase GDP to prevent the economic recession.Item FINANCIAL INCLUSION IN NIGERIA: ARE WOMEN DISADVANTAGED?(Department of Accounting & Finance and Business Administration, Fountain University. Osogbo, 2019) ADEYEMI, Kenneth Sola; ABDULMUMIN, Biliqees AyoolaFinancial inclusion is important for redistribution of economic resources. Despite the plausible effect of financial inclusion on the economy, financial institutions have failed to provide financial services to a certain group of people who are mostly women. Against this background, the study investigates whether there exist financial inclusion gap between male and female in Nigeria. This study uses secondary data from World Bank Global Financial Inclusion database. Data obtained were analyzed using Principal Component Analysis (PCA). The findings show that makes are more financially included in the first two periods but the situation changed in the final period with females being more financially included than their male counterpart. This study concludes that different financial inclusion policies focused on women have resulted in the increase in their level of financial inclusion in recent time. Therefore, it is recommended that gender- focused policies should be concentrated in order to continuously bridge the gender gap.