Impact of Foreign Direct Investment on Employment and Unemployment Rate in Nigeria: Application of Vector Autoregression(VAR) Models (1960-2014)

Ajayi, Abdulhakeem, Rafiu Olayinka Akano, Samuel Olorunfemi Adams — Thu, 19 Sep 2019 00:00:00 +0000

Unemployment is one of the major problem affecting Nigeria’s economy and its’ society, the rate of unemployment have increased over the years. This study’s aim is to investigate the impact of Foreign Direct Investment (FDI) on the employment and unemployment rate in Nigeria. The study useyearly data on employment and unemployment rate collected from CBN Statistical Bulletin, National Bureau of Statistics and World Bank Indicators for the period 1960 – 2014 to achieve its objective and all analysis were done with E-view 9.5. The study employ Vector Autoregression (VAR) to model the employment and unemployment rate in Nigeria. The findings of the study suggested that FDI had a significant and positive impact on employment, FDI Granger-cause employment, employment Granger-cause FDI, unemployment Granger-cause employment and employment also Granger-cause unemployment. Also unemployment Granger-cause FDI and FDI Granger-cause unemployment.This implied that FDI has a significant role on employment rate in Nigeria and this should not be minimized. The study therefore recommended that policies should be formulated to exploit the role of FDI on employment in Nigeria, in an attempt to reduce the unemployment rate.

Spatial Assessment of Urban Facilities and Services in Port Harcourt Metropolis, Nigeria

Collins H. Wizor, Elekwachi Wali — Thu, 19 Sep 2019 00:00:00 +0000

The rapid increase in both urban and rural populations in Rivers State has led to the problem of inadequate availability of urban facilities and social services thus giving rise to social disparity and unequal access to these basic facilities and services by people of the same population spectrum. Empirical research has shown that the problems of social disparity (inequality) particularly in urban areas are on the increase and is gaining global and local attention. Despite the efforts of successive governments in the study area to combat this social problem, it is still raising its head in form of unequal access to educational facilities, health care, urban housing, good roads, and emergency services. This study, therefore, spatially assessed urban facilities and services in Port Harcourt metropolis, Nigeria. The mixed research method was adopted. However, the sampling size for the study comprises of 160 users of these urban facilities/services and staff of the facilities who were also interviewed. Data for the study were analyzed using descriptive statistical tools while Chi-square (X2) method of analysis was used to validate the research hypothesis. The result of the study revealed that accessibility to urban facilities and services is contingent on the level of income of residents in Port Harcourt Metropolis. The result further showed that the accessibility level to urban facilities and services varies across the sampled urban neighbourhoods. Arising from the above, the researchers recommended the deliberate formulation and implementation of policies targeted at eliminating the increasing inequality in access to urban facilities and services in Port Harcourt metropolis and the urgent need to increase the number of basic socio-economic, health, educational and recreational facilities/services to serve the increasing population in the metropolis.

Asian Journal of Advanced Research and Reports

Impact of Foreign Direct Investment on Employment and Unemployment Rate in Nigeria: Application of Vector Autoregression(VAR) Models (1960-2014)

Spatial Assessment of Urban Facilities and Services in Port Harcourt Metropolis, Nigeria