Browsing by Author "Ibrahim Sheriff Akanji"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Microfinance and Income Level in Nigeria
    (Department of Accounting and Finance, Kwara state University, Malete, 2023-12-10) Ibrahim Sheriff Akanji
    Abstract In underdeveloped nations, microfinance has drawn a lot of attention as an effective tool for reducing poverty and promoting economic empowerment as potent stimulators of income level. This is achieved through channelization of credit to the poor and unbanked segment of the economy to help them engage in new productive business activities or to sustain or expand existing ones. This paper examines the relationship between microfinance banks activities and income level in Nigeria, using per capita income (PCI) as the dependent variable, and microfinance banks activities such as loan and advances (LADV), deposit mobilization (TDEP) and other non-banking financial activities (NBFIN) as independent variables. The research adopted quantitative design and employed regression analysis in analysing the effect of microfinance bank activities on income level in Nigeria between 1995 to 2022. The findings were that the activities of microfinance banks account for more than 53% of the variation in per capita income. The paper thus concluded that these institutions make financial markets accessible to individuals and households so they can finance investments and boost their per capita income. It recommends that microfinance banks should seek to mobilize deposits from the underserved demography of the economy to help the economically active but underserved segment of Nigerian society raise their standard of living. Keywords: Per Capital Income, Microfinance Bank Activities, Income Level JEL Classification: G21, I3
  • Thumbnail Image
    Item
    Mortgage Finance, Macroeconomic Factors and Housing Development in Nigeria
    (Center for Contemporary Economics and Allied Research, Department of Economics, University of Nigeria, Nsukka., 2025-03-31) Ibrahim Sheriff Akanji; Abdulrauf Lukman Adebayo-Oke; Quadri Olamilekan Yusuf
    Despite the critical role of housing as a component of economic growth and social stability, literatures have shown that housing development in Nigeria can be constrained by lack of long-term financing, as well as macroeconomic factors. This study examines the intricate relationships between mortgage finance, housing development and the interactive effect of macroeconomic factors in Nigeria. This research employs data on housing delivery, mortgage finance and macroeconomic factors, sourced from the Central Bank of Nigeria (CBN) statistical bulletin and Federal Mortgage Bank of Nigeria (FMBN) annual audited report between 2005 to 2022. The research adopt an expos factor and experimental descriptive design. Pre-estimation test such as unit root test and Bound test were employed to test for stationarity and cointegration. Empirical analysis was conducted using the Autoregressive Distributed Lag (ARDL) model. Findings from this study revealed that mortgage loan interaction variable have a very weak positive effect on housing delivery in the long run, with a coefficient of 0.005230 (p-value; 0.0005), mortgage equity’s negative effect was also reduced in the long run, with a coefficient of -0.001611 (p-value; 0.0268). Mortgage interest rate was also found to have a reduced negative effect on housing delivery in the long run, with a coefficient of -0.005316 (pvalue; 0.0003). The research concludes that macroeconomic factors’ interaction with mortgage finance negatively affects changes in housing delivery. Consequently, the research recommends that policymakers implement holistic measures to stabilize the economy, while incentivizing mortgage lending to guarantee access to adequate and affordable housing for Nigeria’s growing population.