Saturday, 6 July 2013
NIGERIAN BUDGETING PROCESS
00:49
|
NIGERIAN BUDGETING PROCESS AND THE
MAGNITUDE OF BUDGET VARIANCES
Abstract
This
paper examined the problems of budgeting process and fiscal management as
signified in the magnitude of budget variances and the driving external factor
of oil revenue contributions. The federal government expenditures and
finance-ability remain major fiscal challenges in economic management.
Documentary evidence and data sources were used. Descriptive statistics and
correlation analysis form the basis of data analysis. The decisions relating to
the scale of government expenditures have also been related to internally
generated tax revenues and mainly by the impacts of oil revenues. This paper
has shown the relative impact of revenue and expenditure miss-match on fiscal
management, emanating from faulty budgeting processes especially inadequate
public finance data for revenue and expenditure forecasting, for an effective
appropriation process. The commendation that emerge is that effective budgeting
and government grip of budget deficits and surpluses is inevitable in aligning
with investment planning as well as appropriate financing of priority projects.
Efficient allocation and management of off-budget receipts at both federal and
states levels should be legally mandated.
SULEIMAN AS ARUWA & JIMAH O ABU
Department of Economics and Management
Sciences,
Nigerian Defence Academy, Kaduna
For Full Article click here
POST CONSOLIDATION BANKING CRISES
00:46
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POST CONSOLIDATION BANKING CRISES: CAPITAL, ASSETS AND DEPOSITS NEXUS AND POLICY OPTIONS
Abstract
Abstract
The Nigerian banking system is undergoing a sector wide reform that will
enable it to be part of the global trend in consolidation with opportunities of
becoming strong, competitive and reliable. Evolving such a banking system in Nigeria
Suleiman .A.S. Aruwa
For full Article click here
https://docs.google.com/file/d/0B6MachyvRY4jZ3JYM184blNseXc/edit?usp=sharing
Monday, 1 July 2013
Public finances and economic growth in Nigeria
11:40
|
Suleiman A.S. Aruwa
(Nigeria)
Public finances and
economic growth in Nigeria
Abstract
Examining the empirical
relationship between government revenues and expenditures, expenditures and
economic growth is a fundamental step in understanding the behavior of Nigerian
public expenditure and the economy on the basis of Wagner’s law or the Keynesian
theory and Friedman (1978) or Peacock and Wiseman’s (1979) revenue-spend and
spend-revenue hypotheses. The study tests for the stationarity properties of
the time series public finance data of the Federal Government of Nigeria
(1979-2008) using the Augmented Dickey-Fuller (ADF) test. The Johansen’s
cointegration test is conducted to determine whether a group of non-stationary
time series variables used for this study is cointegrated or not. The VAR-based
Error Correction Model is used as test for causality. The study have found that
growths in both real gross domestic and government revenue causes growth in
government expenditure. The implication is that government expenditure is not
employed as a fiscal instrument and the revenue growth drives the government
expenditure for the study period. The volatility in oil-driven revenue profile
of Nigeria requires public expenditure management reforms and the need to check
the productiveness of government expenditure and diversify the revenue drive.
Keywords: government
expenditure, revenue and real GDP.
JEL Classification: H72,
O40.
FOR COMPLETE ARTICLE CLICK BELOW
THE QUALITY OF THE INFORMATION CONTENT
11:26
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THE
QUALITY OF THE INFORMATION CONTENT OF PUBLISHED GOVERNMENT FINANCIAL STATEMENTS
Abstract
This paper investigates three basic qualitative epithets
of Government Financial Statements. These are the adequacy of the financial
reporting statements in meeting the information need of diverse user groups in
the country, reports utilization, and compliance of the statements with the
statutory requirements. To accomplish the objectives of this paper, three hypotheses
were formulated and tested. On the basis of these hypotheses, personal
interview and government financial statement evaluation questionnaire were used
as research instruments. The descriptive and parametric statistics were
employed in analysing the data and testing the hypotheses, respectively. The paper
revealed that the Government Financial Statements, in the present form,
significantly comply with statutory laws but inadequate for report utilisation.
There is high desire by the user groups for a more comprehensive and informative
Government Financial Statements. Consequently, to improve the quality of the
financial statements, it is recommended that the financial reports should be
simplified with special financial reports based on users’ request. The need for
emphasis on external reporting over stewardship reporting is strongly
advocated. These will add value to the usefulness of Government Financial
Statements.
Suleiman A.S. Aruwa+
FOR COMPLETE
ARTICLE CLICK BELOW
+ Aruwa is a Lecturer with the Department of Economics and Management
Sciences, Nigerian
Defence Academy
THE MAGNITUDE OF MILITARY EXPENDITURE
11:23
|
THE MAGNITUDE OF
MILITARY EXPENDITURE: A FOCUS ON SELECTED AFRICAN COUNTRIES
Abstract
The economics of defence requires a grasp of several
interrelated issues. The World economic outlook indicates that military
spending relative to output has fallen by almost one quarter between 1986 and
1992. Furthermore, this fall has been much generalized, involving almost all
regions of the world. This paper focused on the trend in the magnitude of Military Expenditure
(milex) in Africa . Secondary data
documentations were used and the analysis was based on descriptive methods. Despite
what may seem a sizeable reduction in milex by these African countries, most of
the countries in fact increased their milex as a percentage of Gross Domestic
Product (GDP) over the period and many continue to spend amounts that are out
of keeping with an objective assessment of their security requirements and the
GDP growth especially the conflict ravaged African countries. There is need to
exercise control in milex in view of need to reallocate resources to poverty
alleviation sectors.
Prof. Muhammad A. Mainoma
Dr. Suleiman A.S. Aruwa
FOR COMPLETE ARTICLE CLICK BELOW
MARKET-INDUCED CONSOLIDATION
11:17
|
MARKET-INDUCED
CONSOLIDATION IN POST CONSOLIDATION BANKING ERA
Abstract
The regulated consolidation in the Nigerian banking system is being
examined to identify the shape of restructuring that is emerging within the
sector. The global trend in consolidation led to the Nigerian banking system reform
in 2005 of which recapitalization through mergers and acquisition was a readily
effective option. The data used was through personal interview using industry survey
evidence and experiences of industry practitioners. The analysis is basically
qualitative descriptive analysis. The banking
reform came with opportunities and challenges for the banks and the regulators.
Most outstanding challenge has been information technology transformation, some
of the consolidated banks have suddenly found a need for further consolidation
which has opened up the a market induced consolidation opportunities to shore
up their capitalisation, branch network and synergise in their operations . The
regulatory authorities should facilitate further consolidation of the banks to
a manageable number with extensive network of branches without regulatory
coercion as it were in earlier consolidation with its attendant cost to
depositors, banking sector confidence and stability.
Suleiman .A.S. Aruwa
FOR COMPLETE ARTICLE CLICK THE LINK BELOW
FINANCING OPTIONS FOR SMALL AND MEDIUM SCALE
11:08
|
FINANCING
OPTIONS FOR SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA
Abstract
Government
has identified the need for the development of Small and Medium Scale
Enterprises (SME). One of such sectoral strategies is the introduction and
pursuit of policies such as concessionary financing to encourage and strengthen
the growth of SMEs in Nigeria Kaduna Abuja
Suleiman A.S. Aruwa
FOR COMPLETE ARTICLE CLICK BELOW
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