Browsing by Author "Ishola, O. A."

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Forest liquidation, rural agrarian poverty and growth in Nigeria
(Academic Staff Union of Universities (ASUU), Nigeria, 2021-12) Oyeranti, O. A.; Ishola, O. A.
This paper assesses forest resource liquidation within the context of rural agrarian poverty and growth in Nigeria, using annual and quarterly data from 1990 to 2016, and 2001 to 2019. Descriptive statistics and correlation analysis were employed to examine how forest resource utilisation is associated with rural agrarian poverty and economic growth. Findings revealed that forest resources have consistently been exploited in an unrestrained manner in the last 26 years, with shifting agriculture and urbanisation as major drivers. In addition, efforts to replenish these resources have not been sufficient enough to ensure their sustainability; thus the share of the forestry subsector has been extremely low. However, as forest depletion took place over time, rural agrarian poverty in Nigeria declined, due to the release of additional land that became available for crop and livestock production, thereby signifying the prevalence of a deep-rooted dichotomy between forest and agriculture in the country. The study recommends the replenishment of lost forest cover across the country, discouraging the primitive practice of shifting agriculture, ensuring balanced development to check rural urban drift, and the development of a national accounting system for the efficient management of forest resources.
Inflation and capacity utilization in Nigeria’s manufacturing sector
(2013-06) Oyeranti, O. A.; Ishola, O. A.
This study analysed the relationship between inflation and capacity utilisation empirically leaning on the model employed by Baylor (2001). It utilised time series secondary data using least square multiple regression technique. The quarterly data utilised were tested for stationarity using ADF test. The multiple regression results showed a significant negative relationship between inflation and capacity utilisation. This finding was contrary to the economic argument which underpinned the intuition that the relationship between inflation and capacity utilisation should be positive. We also found that although the relationship between the two varied significantly over time, the model revealed that if current capacity utilisation rate doubled, inflation will decline by 3.6 per cent in Nigeria.