CALEB JOURNAL OF SOCIAL AND MANAGEMENT SCIENCES Volume 4 Number 2, 2018 ISSN: 2504-9518 Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 SUBSCRIPTION FORM CALEB JOURNAL OF SOCIAL AND MANAGEMENT SCIENCES N2,000 PER PDF online copy, N4,000 Hard copy (postage inclusive) SUBSCRIBE NOW Name…………………………………………………………………….. Address………………………………………………………………..... Town…………………………………………………………………….. State……………………………………………………………………... Country……………………………………………………….………… Telephone……………………………………………………………….. Email Address………………………………………………………….. Subscribe by email to [email protected] [email protected] URL: https://calebcjsms.com Subscription Payable to Caleb Journal of Social and Management Sciences Caleb University, Ecobank 1993082113 ii |Page ISSN: 2504-9518 Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 Editor-in-Chief Prof. Nosa Owens-Ibie, Dean, College of Social and Management Sciences, Caleb University & Professor of Communication, Media and Development Associate Editors 1. Prof. Juliet W.Macharia, Communication Studies Specialist & former Dean, School of Business, Karatina University, Karatina, Kenya 2. Prof Musa Abutudu, Department of Political Science, University of Benin, Benin-City, Nigeria 3. Dr Abel Ugba, former Senior Lecturer, Journalism and Media, School of Arts and Digital Industry, University of East London, United Kingdom 4. Dr. Folajimi Festus Adegbie, Associate Professor, Accounting and Taxation, Babcock University, Ilishan-Reno. Nigeria 5. Dr Aderemi S. Opayemi, Senior Lecturer, Department of Psychology, University of Ilorin, Nigeria 6. Dr Mohammed Musa, Senior Lecturer, Department of Economics, University of Maiduguri 7. Dr Olanipekun Ojo, Senior Lecturer, Department of Business Administration, Mountain Top University, Ibafo Book Review Editor Dr. Olawale Adetoyi, Senior Lecturer, Department of Political Science and International Relations, Caleb University, Imota, Lagos. Production Editor Dr. Onyekachi E. Nnabuihe, Lecturer, Department of Criminology, Security, Peace and Conflict Studies, Caleb University, Lagos, Nigeria. Business/Journal Manager Bisola Joloko, Lecturer, Department of Accounting and Finance, Caleb University, Imota, Lagos. ISSN: 2504-9518 iii | P a g e Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 Editorial Advisory Board 1. Prof. Eileen Roddy, Associate Dean International, University of Salford, Salford Business School, Professor of Strategic Management Accounting 2. Professor Andrew Moemeka, Emeritus Professor, Central Connecticut State University, New Britain, U.S.A, Professor of Communication 3. Prof Olukunle Iyanda, President/Chairman of Council, Nigerian Institute of Management, Professor of International Business Management and Marketing 4. Prof Isaac Olawale Albert, Institute for Peace and Strategic Studies, University of Ibadan, Professor of African History/Peace and Conflict Studies, 5. Prof Adebayo Olukoshi, Director, IDEP, United Nations, Dakar, Senegal, and Professor of Political Economy. 6. Prof Assisi Asobie, Former Chairman of Nigerian Extractive Industries Transparency Initiative, and Professor of Political Science. 7. Prof Adigun Agbaje, Department of Political Science, University of Ibadan and Professor of Political Science 8. Prof Taiwo Asaolu, Department of Management and Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife, Osun State, and Professor of Accounting. iv |Page ISSN: 2504-9518 Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 Editor’s Note This is a special edition, the first such since the inception of CJSMS, which in volume and variety, incorporates a range of contributions defining the shape and dislocations of deeply ruptured financial, economic, and political and communication systems. With it, a dedicated website is being launched, just as I hand over editorship to a new anchor, to further position the journal in a bustling marketplace of ideas. With inflation always on the agenda of an economy in a whirlpool, issues of its implications for economic growth had to be the take-off point, as individuals and households in Nigeria grapple with the logics of food security. A zone of the country offers a basis for interrogating issues around the demand for food. Discourse around the elements of poverty and its alleviation, therefore, continues to offer fodder for attempts at prescription economics. Views on options for achieving this, reflect a mix of perspectives rooted in traditions and intellectual persuasions, but the team here explores the possibilities in the domain of trade liberalization. That is why another exploration of interest rate liberalization within the investment environment, represents a strategic input to resolving a conundrum which appear to defy armchair permutations. This derives from the anxieties which inform monetary policy frameworks and the announcement of rates. Even as fiscal federalism represents a clarion call by proponents of restructuring, this edition also includes a contextualized and comparative study of fiscal decentralization and its relationship with economic growth in Nigeria and Ghana. This is consistent with the need to drive solutions to national dilemmas, drawing on similar environments. The focus on the sub-region is consolidated in a holistic analysis of the effects of fragility on human development, conclusions from which provide insights for regional comparisons. At the heart of inherent strains and stresses of financial and economic systems, evident in the foregoing, is the factor of behaviour, and how irrationalities complicate the resolution of developmental quagmires, including on the subject of endemic corruption. The toehold of corruption and its impact on the magnitude and texture of economic dislocation, has spawned negative multipliers, with the realities of a broad range of conflicts, and pressures organisations and individuals have to grapple with. There are implications for families. ISSN: 2504-9518 5 | P a g e Editor’s Note Pressures on families, including as an institution, has led to a closer scrutiny of the role of women, in the political process. Just like women are emerging as a force, religious leaders are a visible category in the terrain of influence. In the countdown to the 2019 elections, and with fundamental issues of insecurities shaping the news and perceptions of agendas, there is a timely focus on the clamour for state police and its implication for national security. That is why this edition concludes with a review of the new order midwifed by digital media. There are emerging practices in the Nigerian media environment, which a bird’s eye view critiques. This is the making of a special edition, climaxing a three-year opportunity to shape a journal headed for A-listing Prof Nosa Owens-Ibie, Editor-in-Chief November 2018 6 |Page ISSN: 2504-9518 Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 Table of Content Articles: Page Impact of Inflation on Economic Growth in Nigeria 8 Ojomolade Dele & Oni Oluwasola DOI:10.26772/CJSMS/2018040201 Microeconomic Study of Household Food Demand in South West Nigeria 22 Egunjobi T. Adenike DOI:10.26772/CJSMS/2018040202 Trade Liberalization and Poverty Alleviation in Nigeria 39 Onakoya Adegbemi Babatunde & Johnson Babatunde Solomon DOI:10.26772/CJSMS/2018040203 Interest Rate Liberalization and Investment in Nigeria 56 Okumoko Tubo Pearce, Akarara A. Ebierinyo & Pedrick A. Eluan DOI:10.26772/CJSMS/2018040204 Fiscal Decentralization and Economic Growth in Nigeria and Ghana 75 Andohol Jerome Terhemba & Kwen Solomon Sooter DOI:10.26772/CJSMS/2018040205 Effects of Fragility on Human Development in ECOWAS 98 Omojolaibi J. Ayoola, Ogunniyi M. Babatope & Omoyeni I. Akorede DOI:10.26772/CJSMS/2018040206 Modifying Type A Behaviour Pattern With Rational Emotive and Behavioural Therapy (REBT) 113 Agbu Jane-Frances DOI:10.26772/CJSMS/2018040207 Effect of Work-Family Conflict on Job Commitment in Commercial Banks in Nigeria 126 Akpa Victoria Ozioma, Magaji Nanle & Afolabi Omotayo DOI:10.26772/CJSMS/2018040208 Role of Women in Political Agenda Setting in Nigeria 135 Ikechi-Ekpendu V. Chioma DOI:10.26772/CJSMS/2018040209 Religious Leaders and their Influence on Nigerian Politics 148 Adebogun B. Olayinka, Irewunmi A. Banwo & George Kayode DOI:10.26772/CJSMS/20180402010 State Police and National Security in Nigeria 162 Osah Goodnews & Inokoba Preye Kuro DOI:10.26772/CJSMS/2018040211 Book Review Digital Media, New Order? Emergent Practices in the Nigerian Media Environment 178 Arogundade Lanre DOI:10.26772/CJSMS/2018040212 ISSN: 2504-9518 7 | P a g e Caleb Journal of Social and Management Sciences, Volume 4, Number 2, 2018 DOI:10.26772/CJSMS/2018040201 IMPACT OF INFLATION ON ECONOMIC GROWTH IN NIGERIA Ojomolade Dele1 Oni Oluwasola2 Abstract The recent macroeconomic uncertainty that have led to unimpressive growth remained at the heart of policy dilemma in Nigeria. While, literature on inflationary pressures remain controversial as to the extent to which drop in price can trigger growth. This paper contributes to existing studies by using the time series data from 1993 to 2016 to examine impact of inflation on relative price stability and economic growth. The Kwiatkowski-Phillips-Schmidt-Shin and ADF used to test the Unit Root property of the sequence and Autoregressive Distributed Lag (ARDL) co-integration model was used to analyze the long-run relationship between money supply, inflation and economic