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Nigeria's high poverty rate might be linked to the country's failure to develop its industrial sector over the past years. Against this background, this study examined the influence of industrial expansion on poverty reduction in Nigeria. Data from, 1990 to 2021 were estimated using completely modified ordinary least squares method and Pairwise Granger causality respectively. According to the study's findings, manufacturing value added and human capital development are inversely related in Nigeria but statistically not significant. This is an indication that industrial development has a less capacity to reduce poverty in Nigeria, which is contrary to the aprori expectation. The deficiency in industrial development in Nigeria might account for this result. Furthermore, there is no causal link between industrial value added and the human development index. This implies that the current level of industrial development in Nigeria could not reduce poverty in the country. Based on these findings, the study recommends for the Nigerian policymakers, among other things, that policies and programme that would drive industrial expansion should be embarked upon in the country, this would boost job creation, output growth, and eventually eliminate poverty in the country. [ABSTRACT FROM AUTHOR]

The aim of this study is to examine interaction among FDI, employment generation and poverty reduction in ECOWAS sub region over the periods of 1990 to 2019. Even though past studies have established the linkages among FDI inflows, employment, and poverty ameiloration in various economies, yet the dynamic relationship among these variables has been ignored in developing countries, especially ECOWAS Sub-Region. To this end we estimated causal relationship, Pairwise Dumitrescu Hurlin Panel Causality Tests. The results of the causal relationship state that poverty reduction in terms of human capacity development is a critical variable stimulating employment generation and FDI inflows in ECOWAS sub region in the past three decade. Arising from the study's findings, the following vital policy recommendations are made for policymakers in ECOWAS sub region and other developing countries in Africa and beyond in general that employment generation should be considered as an urgent policy whenever policymakers desire to raise the level of FDI inflows and poverty reduction in the sub region. [ABSTRACT FROM AUTHOR]

The study investigates asymmetric impact of government expenditure on the economic growth of Nigeria using secondary data that spans through 1981 through 2018. In capturing the asymmetric impact, the study adopted the Non-Linear Auto-regressive Distributed Lag (NARDL) model. Government expenditure components (recurrent and capital expenditure) were decomposed to positive and negative changes due to government review. From the result, it was confirmed that in the short-run, both positive and negative changes in recurrent and capital expenditure had a significant positive impact on economic growth in Nigeria at different time lag. In the long-run, positive changes in recurrent expenditure have a negative impact on economic growth, while negative changes have a positive significant impact on economic growth in Nigeria. Positive changes in capital expenditure have a positive impact on economic growth, while negative changes has a negative 5% significant impact on economic growth. It was concluded from the findings that government expenditure plans has a significant impact on the economic growth of Nigeria in the short-run and long-run. Therefore, it is recommended that government should rebalance its plans between capital and recurrent expenditure to enhance its growth target. [ABSTRACT FROM AUTHOR]

In Sub‐Sahara Africa, few studies have been conducted on how unemployment affects monetary policy in each country. Even an aggregate study of the phenomenon in Sub‐Sahara Africa is near absent despite a high level of unemployment in the region. To investigate the empirical link between unemployment and monetary policy, the study employs a sample of 37 countries in Sub‐Sahara Africa for the period 2011–2017. Data were obtained from the World Bank and International Monetary Fund database. Using the difference Generalized Method of Moments model, the study determines how monetary policy (using the lending rate as proxy) responds to unemployment, employer's condition and total labour force in Sub‐Sahara Africa. We found that monetary policy indirectly responds to employer's condition, but the positive effect of the total labour force on monetary policy is relatively higher than total unemployment as a percentage of the labour force in the region. The study concludes that a linkage exists between monetary policy and employment indicators in Sub‐Sahara Africa and therefore, made some policy recommendations. [ABSTRACT FROM AUTHOR]