The Impact of Migrant Remittances and Poverty in Nigeria (1991 – 2024) (Published)
Despite substantial inflows of migrant remittances into Nigeria, poverty levels continue to rise. This study examined the relationship between migrant remittances and poverty in Nigeria. The study used the ex post facto research design and analyzed annual data covering the period 1991–2024. Data were sourced from the Central Bank of Nigeria (CBN), and the World Development Indicators (WDI). The Autoregressive Distributed Lag (ARDL) model and the Pairwise Granger Causality test were employed for estimation, with inferences drawn at the 5% level of significance. The results revealed that remittances had a positive and statistically insignificant effect on poverty in the short run (β = 0.5449; t = 1.0191) and a negative and statistically significant effect in the long run (β = −3.6515; t = −3.5327). The study concluded that migrant remittances play a significant role in reducing poverty in Nigeria, particularly in the long run. The study therefore recommended that the government prioritize policies that encourage and facilitate remittance inflows by reducing transaction costs, expanding access to formal financial services, and promoting the productive use of remitted funds.
Keywords: Nigeria, Poverty, autoregressive distributed lag, migrant remittances
The Impact of Trade Liberalisation On Corruption in Nigeria (1990-2022) (Published)
The Nigerian economy needs more investment, even after adopting a policy of trade liberalisation. Foreign capital inflows could help, but corruption is a major barrier. This study focused on how trade liberalisation affects corruption in Nigeria from 1990 to 2022. Secondary data collected from the Central Bank of Nigeria Statistical Bulletin report 2022. while data on control of corruption was sourced from World Governance Indicator and the data were analyzed applying the auto-regressive distributed lag model (ARDL). The results from the ARDL estimates demonstrated that in the short run at 5% critical value, trade liberalisation had a significant and positive impact on corruption (ΔTLP (-2)) = 0.7076; p=0.0031) while in the long run trade liberalisation (TLP) was insignificant in influencing corruption in Nigeria. Consequently, the study concludes that anticorruption policies and trade liberalisation separately reduce corruption in Nigeria. The study therefore recommends that the recent fiscal policy of the government towards autarky is ill-advised as result of the findings of this study which has confirmed that trade liberalisation entails policy direction that enhances the capacity of the economy to attract foreign capital inflows.
Keywords: Corruption, autoregressive distributed lag, capital inflow, trade liberalisation