Browsing by Author "Jimoh, Sodiq Olaiwola"

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    Does the relative size of agricultural exports matter for sustainable development? Evidence from Sub-Sahara Africa
    (Elsevier, 2025-02-26) Nofiu, Taofeekat Temitope; Akande, Rashidat Sumbola; Jimoh, Sodiq Olaiwola; Abdulkareem, Hauwah K. K.
    This study investigates the effect of the relative size of agricultural exports on sustainable development across 46 sub-Saharan African countries between 1999 and 2020. Using data on adjusted net savings and sustainable development indices as proxies for sustainable development, the empirical analysis applies the Driscoll-Kraay standard error method which accounts for cross-sectional dependence. The results indicate that the relative size of agricultural exports has a positive effect on sustainable development while agricultural non-export production is found to contribute more to sustainable development than agricultural exports. Given agriculture's dominance and the agro-based export potential for these economies, the study recommends pro-agricultural export policies aimed at expanding agricultural exports over non-agricultural exports if the choice is between exporting agricultural commodities and exporting non-agricultural commodities. However, the import substitution strategy should be prioritized over the agricultural export promotion strategy when choosing between exporting agricultural commodities and producing for domestic consumption for higher sustainable outcomes.
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    Impact of poverty reduction program of the kwara state government of nigeria on the beneficiaries
    (2013-03) Mustapha, Rafiu A.; Akande, Rashidat Sumbola; Jimoh, Sodiq Olaiwola
    Poverty reduction program and effort in Nigeria is as old as the country itself. In-spite of huge money the federal government, state government and local government expended on the program aimed at reducing the poverty rate in the country, poverty rate continue to increase. Hence, it is necessary to find out the impacts of the poverty reduction program on the poverty status of the beneficiaries. The study was empirically carried-out to assess the impact of poverty reduction program of the Kwara State government (Nigeria) on the beneficiaries employing Binary Logit Model (BLM). The study focused on the “KekeMaigida” (commercial tricycle) poverty reduction program and obtained data from 112 beneficiaries, using a structured questionnaire. Questionnaires were distributed randomly (probability sampling method) in major commercial tricycles terminals in Ilorin metropolis. The study used both descriptive and inferential approach for the analysis. It was found that there is negative significant impact between income after, wealth before and wealth after the scheme, and household size of the beneficiaries. Therefore, the study concluded that poverty reduction program of the Kwara State (Nigeria) has impact on the beneficiaries. Then, the study suggested that the state government should extend the poverty reduction program to cover more youth in the state so as to reduce the poverty rate.
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    Informal Sector and Financial Development in Sub-Saharan Africa
    (2023-12-08) Jimoh, Sodiq Olaiwola; Akande, Rashidat Sumbola; Abdulkareem, Hauwah K. K.; Jimoh, Odunayo Bidemi; Sulaimon, Taofikat Temitope; Yusuf, Toyin Yusuf; Adegboye, Israel; Usman, Aminat Mama
    Since a persistent increase is seen in the size of the informal sector and its continuous coexistence alongside the formal sector and institutional development, this study empirically examines the effect of informal sector size on the financial development in Sub-Saharan Africa for the period 1996-2019. The study represents financial market development by the financial market depth, which is regressed against informal sector size, growth rate of GDP, interest rate, trade openness, and institutional quality index. The study relied on the estimates of the Discroll-Kraay and IV-2LS. Results indicate that informality repressed financial development, while trade openness, growth rate of gross domestic product, interest rate, and institutional quality have a positive impact on financial development. It is therefore recommended for policymakers to reduce the size of informality to improve the financial sector.
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    The paradox of regional integration and sustainable development: perspectives from West Africa
    (2023-12-18) Jimoh, Sodiq Olaiwola; Akande, Rashidat Sumbola; Abdulkareem, Hauwah K. K.
    Although opportunities abound for the achievement of Sustainable Development Goals (SDGs) with regional integration, West Africa has not been able to fully harness the potential gains of regional integration. This study examines the extent to which regional integration drives sustainable development in West African countries from 1980 to 2019. This study specifies a Cobb-Douglas-type production function that expresses output as a function of capital and labour, which is augmented with trade integration. Adopting the dynamic common correlation effects (DCCEs) method as the estimation technique, results show that labour and capital stock have a significant positive impact on sustainable development, while trade integration is found to have a negative impact on sustainable development. Although the result is contrary to expectations, it reflects the current reality of the state of regional trade in the region, as well as the attendant slow progress in the achievement of SDGs.