Agricultural Budgeting in Anambra State: its’ implication for Sustainable Economic Development (Published)
This work was embarked upon with a view to determining agricultural budgeting over the years and its implication for sustainable economic development. Designed essentially as a descriptive survey, it is an ex-post-facto study. Secondary data used for the study were sourced from the official records and documents of Anambra State Government Nigeria. Data were analyzed using the time series components of trend and moving averages using E-view. Results indicated the following: there was no correspondence between estimated agricultural revenue and actual expenditure in the budget of Anambra State Government – hence large deficits were recorded. There was a mismatch between planned expenditure with remarkably high values that was observed in the Anambra State budget. The trend in the growth of actual agricultural expenditure over the period was upward sloping, rising slowly and steadily. The trend in the growth of actual revenue of the Anambra State Government budget over the period was upward sloping, rising sharply at first, and following an irregular pattern as it progresses. It was concluded that need outgrow availability of resources in Anambra State. However the fact remains that the problem was more of managerial than it was that of availability of resources. It is therefore recommended that, among other things, agricultural activities must be monitored so as to ensure proper implementation.
Keywords: Anambra State, Economic Development, Sustainable Development, agricultural budgeting
Human Capital Effectiveness in Creating Diversification for Economic Development in Nigeria (Published)
This paper examines the relationship between human capital effectiveness in creating diversification for economic development in Nigeria. To enhance economic development in Nigeria adequate time and resources must be commission into developing human capital. That is providing education and training, infrastructural facilities and friendly working environment that will enable these human element to strive in different dimensions in the economy. This paper further explains that, by so doing, the knowledge, skills and competences acquired by the human element remains an assets to creating enormous ideas that will help in diversifying the economy of Nigeria from oil to non-oil sectors for future economic growth.
Keywords: : Human Capital, Diversification, Economic Development
The Role of Stock Exchange in Economic Development and Capital Formation In Nigeria (Review Completed - Accepted)
This paper examines the functions and the expected role of the Nigerian Stock Exchange in economic development and capital formation in Nigeria. It adopted a survey method of analysis to show the relationship between the operations of the stock exchange and the level of capital formation in economic development in Nigeria. The objective of the study is to find out if the stock Exchange plays a significant role in capital formation and overall economic development of the various sectors of the economy. It is deserved that while the stock exchange in developed economies are vibrant agents of development, the contributions of stock exchange in developing countries are described as being a little above border line. Conclusions were reached among other things that though the stock exchange plays a very important role in the economic development of a nation, the extent to which an exchange will be able to play this role depends on the state of the economy. The paper thus recommends an expansion in the stock exchange role in the capital formation process.
Keywords: Capital Formation, Economic Development, Nigerian Stock Exchange, Stock exchange market, economic growth