Abstract: As Nigeria’s Central Bank marks its 60th anniversary, it has become necessary to assess its performance. Consequently in this paper, we provide a comprehensive, unbiased review of the Central bank of Nigeria (CBN). The paper starts with a discussion on the role and activities of the West African Currency Board, which was the precursor of the CBN and subsequently analyzes how the Board led to the emergence of the CBN. We look at the functions, mandate and organizational structure of (...) the CBN. Second, we assess how the CBN has responded to the changing financial landscape over the years. Third, noting that the CBN has over time promoted financial reforms and played a key regulatory role, we discuss the sufficiency of the financial reforms it has promoted as well as the regulatory tools that it has deployed over the years. In this regard, we specifically highlight the role of the CBN in the global financial crises of 2007-2009 as well as the European debt crises of 2010 to 2013. Fourth, given that the primary mandate of the CBN revolves around price and exchange rate stability, we analyze its performance thus far noting the numerous challenges it has faced. Summarily, we find that the CBN has operated a multi-pronged approach by utilizing a combination of policy instruments including price-based, quantity-based and administrative policy measures. Going forward, we recommend that the CBN needs to continue to adopt avant garde mechanisms to further strengthen the Nigerian banking industry with a view to maintaining the stability and health of the economy. (shrink)

The study ascertained mathematical problem-solving skills and self-efficacy as correlates of Pre-service NCE Mathematics Teachers’ Performance in South-East, Nigeria. Seven research questions guided the study while seven hypotheses were tested at 0.05 level of significance. Correlation research design was used for the study. The population of the study was 197 pre-service NCE Mathematics teachers in South-East, Nigeria. All the population of 197 was studied as sample because, it is small and manageable. Mathematics Problem-Solving Skill Test (MPSST) and Pre-Service Teachers’ Self-Efficacy (...) Questionnaire (PSTSEQ) were used as instruments for data collection. Both instruments were validated by three experts in science Education while reliabilities of MPSST and PSTSEQ were established using Cronbach Alpha method and coefficient values of 0.82 and 0.80 respectively were obtained which were considered high enough to confirm the instruments as reliable. Data were collected and analyzed using Pearson product moment correlation coefficient. The findings revealed that a high positive and significant relationship existed between mathematical problem-solving skills scores and academic performance scores and between self-efficacy scores and academic performance scores of pre-service NCE mathematics teachers. It was recommended among others that Mathematics lecturers should make conscious effort towards improving the mathematical problem-solving skills and self-efficacy of the pre-service NCE mathematics teachers through modeling, conditioning, and behaviour modification for improved academic performance in Mathematics. (shrink)

Abstract : This research work examined how major macro economic variables in Nigeria such as Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF) and National Savings (NS) reacted to International Monetary Fund (IMF) conditionality from 1986 to 2016. Many policy makers and researchers have questioned the benefits of IMF credit facilities to developing nations. This work therefore seeks to evaluate the impact of IMF conditionality like Reduction in Government Expenditure (TGE), Devaluation of Local Currencies (RER), and Trade openness (TO) (...) on the Identified Macro Economic Variable in Nigeria. The data for the analysis were sourced from the data bank of World Bank. Granger causality test and ordinary Least Square (OLS) method were used to test the formulated hypotheses. The result revealed that IMF conditionality has significant effect on GDP, GFCF and NS of Nigeria. Devaluation of local currency is the greatest IMF conditionality that exerts great negative influence on economic growth of Nigeria. The work recommends among others that: instead of currency devaluation, protectionist policies via guided liberalization should be promoted combined with the use of fiscal policy in order to encourage local production and usage of locally produced goods. TGE that showed significant positive effect on GDP, GFCF and NS is an indication that government can positively influence the economic positions of Nigeria with the use of fiscal policy. (shrink)

Reduction in child marriage is highly correlated with a decline in maternal and child morbidity and mortality. Nigeria has taken a step to reduce child marriage through the Child Rights Act; however, 11 states in the Northeast and Northwest are yet to implement these laws despite the documented benefits. Estimates predict that a 70% reduction of maternal deaths can be achieved by a 10% reduction in child marriage. Additionally, the $7.6 billion lost in earning and productivity of human capital from (...) child marriage annually can be averted. A reduction in child marriage can also decrease violence against girls and improve educational level attainment. We propose that the Nigerian government should enact the Maternal and Child Health Country-wide Policy to give a national security treatment to maternal and child health matters. It will ensure that policies passed at the federal level with the potential to reduce maternal and child mortality can be automatically adopted nationwide. (shrink)

Introduction: There is a general agreement among previous studies that gender, merit and catchment area criteria allows for access to university education, but the pattern of these variables over the years has not been proven in these studies. Purpose: This study used a times series approach to evaluate the enrolment patterns in federally owned universities in South-South Zone, Nigeria, based on the gender, merit and catchment area criteria. Methodology: The descriptive survey design was adopted for this study. A purposive sampling (...) technique was adopted to choose three universities based on the generation of their establishment. The evaluation covered from 2010 to 2019 using stationary time-bound data collected from the academic planning units of the institutions through a checklist. Future enrolment forecasts were made to 2031 using the moving average forecasting technique. Results: A gender-based difference in enrolment, in favour of males was recorded between 2010 and 2019; there were notable fluctuations in the enrolment pattern based on the merit criterion from 2010 to 2019; the enrolment pattern in terms of the catchment area criterion was consistent from 2010 – 2019. In terms of the projection, it was predicted that enrolment at the aggregate level would rise continuously across federal universities, but not at the institutional level. more women than men are expected to be enrolled in academic programmes at federal institutions, while at the institutional level, gender-based enrolment can fluctuate. Recommendations/Classroom Implications: Based on these findings, implications are discussed for future enrolment decisions at both the institutional and national levels. (shrink)

This paper illustrates the significance of the epistolary short story within the cultural backgrounds of the various settings in the stories selected for the study. The short stories deployed in this essay are Karen King-Aribisala’s ‘Dear Okonkwo,’ Dul Johnson’s ‘Cinders of the Volcano,’ Kasimma Chinelo Okani’s ‘A Letter to the Dead,’ and Chuma Nwokolo’s ‘The Ransom Letters of Sisi Eko.’ The methodology adopted in this study is textual and qualitative deployed through an in-depth study of the selected stories and (...) a literary analysis of the data obtained thereafter. This study adopts the new formalism critical approach with the belief that literature should be studied as a combination of the artistic content and the society that produces it. This essay finds that the Nigerian epistolary short story is significant in the promotion and enablement of necromancy, provision of emotional and psychological therapy and promotion of moral rectitude in the society. (shrink)