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See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/330620241 LAFIA JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCES Article in Financial Accountability & Management · January 2019 CITATIONS READS 0 87 3 authors, including: Akeem Nafiu Kogi State University 15 PUBLICATIONS 5 CITATIONS SEE PROFILE Some of the authors of this publication are also working on these related projects: Strategy orientation for the Performance of Small Scale Entrepreneurial Rice Farmers in Kogi State View project All content following this page was uploaded by Akeem Nafiu on 25 January 2019. The user has requested enhancement of the downloaded file. Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 LAFIA JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCES Volume 3 Number 2, December 2018 ISSN: 2550-732X A bi-annual publication of the Department of Economics, Federal University Lafia, Nigeria. i Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 Copyright © 2018 By Lafia Journal of Economics and Management Sciences All right reserved. No part of this Journal may be reproduced or transmitted in any form or any means without prior permission in writing from the copyright owner. First Published, 2016 Lafia Journal of Economics and Management Sciences ISSN: 2550-732X Printed in Nigeria by ADESSY Printing & Company Limited, Lafia. 08032903186 RC: 23950 ii Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 BOARD OF EDITORS Editor in Chief Dr. Adofu Ilemona Managing Editor Dr. Freeman Aye-Agele Associate Editors Dr. Ajegi, S.O Dr. Kida, M.I Dr.Ifere, E.O. Dr. Ogba, L Circulating Editors Okwanya I. Ugwuoke, W.O. Ogbeba, P.E Alhassan, A. Consulting Editors Prof. Julius S. Orebiyi, Dept. of Agric. Economics, FUTO Prof. David Irefin, Dept. of Economics, Fed. Uni. Lokoja Prof. Aliyu Usman Chika, Dept. of Economics, UDUS Prof. Adenikinju F.A, Dept. of Economics, UI. Prof. Oaikhenan, E. Hassan, Dept. of Economics, UNIBEN Prof. Sokoto A.A, Dept. of Economics, UDUS Prof. Oladeji, S.I Dept. of Economics, OAU Prof. (Rev. Fr.) Ichoku, E.H, Dept. of Economics, UNN Prof. Adenuga, B.S, Dept. of Economics, University of Lagos Dr. Omofa, M.N.G. Dept. of Economics, ADSU, Mubi Dr. Kilichi A. Dept. of Economics, University of Ilorin Dr. Bello, S. Dept. of Economics, Northwest University, Kano Advisory Board Prof. Rahman, S.A Dept. of Agric. Economics, Nasarawa State University Prof. Nyong, M. Dept. of Economics, University of Calabar Prof. (Mrs) Aku, P.S. Dept. of Economics, Nasarawa State University iii Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 NOTES TO INTENDING CONTRIBUTORS Lafia Journal of Economics and Management Sciences (LAJEMS) is a peer review journal that publishes original papers that are research oriented in the field of economics, business administration, accounting and marketing bi-annually (June and December). The Journal receives papers and articles from members of the academic institutions, research organizations, non-governmental organizations and independent researchers for consideration and possible publication in issues of the Journal. Intending contributors should send three copies of their manuscripts typed doubled- spaced on A4 paper and not exceeding 18 pages to the Editor-in-Chief, c/o Department of Economics, Federal University Lafia, Nigeria or as an email attachment to [email protected] or [email protected] or [email protected],ng. The submission should include an abstract of about 150 words stating the thesis, findings, recommendations and conclusion. All submission must conform to the APA style. Book reviews should not exceed five pages, typed double-spaced on A4 paper. The submission must be accompanied with an assessment fee of five thousand Naira (#5000) to the Editor-in-Chief. Contributor will receive a complimentary copy of the edition in which their contributions appear. The journal is also available on Federal University Lafia website and can be assessed at Fulafia.edu.ng/economics Lafia Journal of Economics and Management Sciences (LAJEMS) is a bi-annual publication of the Department of Economics, Federal University Lafia, Nigeria. iv Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 Table of Content 1. Foreign Resources Inflow and Economic Growth in Nigeria by Kemkamma Bright Aborh, Ph.D1 andTerungwa Paul Joseph Jato, Ph.D2……….....…………. 1 2. Unemployment and Mortality rates in Nigeria: A Cointegration Approach by Adofu, Ilemona and SalamiAbdulganiyu …………………………. 22 3. Determinants Of Food Security Among Households In Dekina Local Government Area Of Kogi State, Nigeria by Ebeh, Joy Eleojo and Agama, Samuel A ……………………………….....................................................… 43 4. Forecasting Of Nigeria Manufacturing Sector Growth Rates Using Arima Model by Oniore O. Jonathan, Ezenekwe R. Uju, Akatugba D. Oghenebrume…...............................................................…………… 61 5. Challenges Of Human Capital Formation In Nigeria: A Discriptive Analysis by Onogbosele, Donatus.O. (Ph.D) and Adenuga, Oludare Solomon …………….................................................................……. 75 6. Unemployment and Poverty Among Youth in Benue State: An Empirical Evidence from Graduate Okada Riders in Makurdi Metropolis by Patricia Onyemowo. Abah ….......................................................................…. 102 7. Correlation Between Urbanization, Unemployment and Poverty Incidence in Nigeria by Ude, Damian Kalu …………………………….......….. 128 8. Analysis of Socio-Economic Determinants of Rural Women's Entrepreneurial Intention for Economic Recovery of Kogi State by Sule, Ja'afaru Garba (PhD), Elijah E. Ogbadu (PhD) and Akeem Tunde Nafiu…………………………………………………...................…… 147 9. Personnel Training Policy and Its Implementation in Plateau State Public Service by Mary D. Mai-Lafia, Ph.……………………….....……….. 163 10. Influence of Human Capital on Performance of Women Owned Enterprises in Northern Nigeria by Rakiya Altine Umar, Aminu Ahmad, Isiaka Muhammad and Yusuf Maiwada Bashir. …………………….. 191 v Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 11. Phillip's Curve Dynamics and Nigerian Housing Market by DR. Barr. Ugwuanyi, Charles. U And Ibekilo, Collins-Bruno. N. ………………205 12. Mediating Role of Market Orientation on TheEntrepreneurial Orientation and Business Performance Relationship: A Review of Literature by Umar, Rakiya Altine, Maku, Sampson Hassan and Musa, Ahmed Baba. ………………………………………...............................................…221 13.Impact of Public Debt on Economic Growth in Nigeria by Dr Hussain, Tukur Hassan and Hassan, Umar Umar. ……………………………..237 vi Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 FOREIGN RESOURCES INFLOW AND ECONOMIC GROWTH IN NIGERIA Kemkamma Bright Aborh, Ph.D1 andTerungwa Paul Joseph Jato, Ph.D2 1Department of Economics, Edwin Clark University, Kiagbodo, Delta [email protected] 2Department of Business Administration, University of Agriculture, Makurdi. [email protected] Abstract The study assessed the impact of foreign resources on economic growth in Nigeria from 1986 to 2015. Secondary data were obtained from various issues of CBN statistical bulletin. Economic Growth (the dependent variable) was considered interms of real gross domestic product (RGDP); while foreign resources (independent variable) was considered in the form of foreign direct investment (FDI), foreign portfolio investment (FPI), and official direct assistance (ODA). These served as the major regressor with exchange rate (EXCR) as check variable. The techniques of analysis used were ADF test of stationarity, co-integration test for long-run relationship, and Error Correct Mechanism (ECM) analyse of relationship between the variables. The results show that the explanatory variables explained 93.7% of the variations in economic growth in Nigeria. F-statistic of 66.628 (F-table = 2.84) showed statistical significance the model. The values of the coefficient of past (lag 1 and 2) of FDI and current value of FPI had significantly positively signed, while the first lag (lag 1) of ODA and current value of EXCR were significantly negatively related with economic growth. From these findings, foreign resource inflows is said to, on the whole, have significant impact on RGDP. In conclusion, the study submits that the flow of foreign resourcesis very important toeconomic growth (in terms of the growth in real gross domestic product) in Nigeria within the period of study. This means that, more efforts should be done to attract and ensure effective use of the resources. Keywords: Foreign Capital, Real Gross Domestic Product, Foreign Direct Investment, Official Direct Assistance, Exchange Rate 1 Lafia Journal of Economics and Management Sciences Volume 3 Number 2, December 2018 1.0 INTRODUCTION The cardinal economic objective of developing countries, including Nigeria, is to achieve high economic growth which will enhance rapid economic development and poverty reduction. This is so because, economic development depends to a very large extent on the level of investment and growth, which is also dependent on capital accumulation. The accumulation of capital is in turn, therefore, the key to economic growth. Thus, capital is an essential component which breaks the vicious circle of poverty if adequately mobilized and invested (Onyeso, 2010).As