Browsing by Author "Ololade Mistura Aromasodun"

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    A Correlational Analysis of UTME and Post-UTME Performances
    (Algerian Scientific Journal Platform, 2022) Ololade Mistura Aromasodun
    This study aimed to empirically shed light on the debate concerning the scrapping of post UTME as an entrance examination in tertiary institutions in Nigeria. The study, therefore, examined whether there is a significant difference between UTME and post-UTME performances. Six tertiary institutions in Kwara State were selected for the study. A sample of 600 undergraduates was selected through simple random sampling across different departments in the institutions comprising 224 male and 349 female undergraduates, while 27 questionnaires were not returned. Data collected for the study were analysed using STATA 12.0 using correlation analysis and t-test. The results showed that there is a positive relationship between post-UTME and UTME. There is a low correlation coefficient (0.078) between UTME and post-UTME performance of the students. Based on the study of the findings of this study, the post-UTME examination should be retained as part of the admission process as it is significantly different from the UTME examination based on the t test conducted.
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    BEYOND ENERGY: THE ROLE OF COLONIAL LEGACY IN THE EFFECT OF INSTITUTIONAL QUALITY ON RENEWABLE ENERGY CONSUMPTION IN WEST AFRICA
    (Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete, 2024-12) Musa Ilias Biala; Ololade Mistura Aromasodun
    A stable institutional framework and colonial legacy are essential for ensuring environmental quality and economic growth. However, recent studies have overlooked these critical factors despite their significance. This study, therefore, explored the impact of institutional quality on renewable energy consumption in West Africa from 1990 to 2023 with a novel incorporation of the influence of colonial legacy. Using data from the World Bank’s World Development Indicator, this study utilised the Pooled Mean Group technique. The study found that in the long run, GDP per capita, carbon dioxide emissions and urbanisation had a significant negative impact on renewable energy consumption whereas technology, institutional quality, and the interaction of institution with colonial legacy had a significant positive impact on renewable energy consumption. To achieve sustainable development, the study recommends that policy makers prioritise institutional stability while leveraging technological advancements to promote renewable energy production. Policymakers and international organisations should consider the unique historical and institutional context of West African countries while designing renewable energy policies and programmes. Keywords: Renewable energy, institutional quality, energy economics, colonial legacy. JEL Codes: Q42, D02, Q43, N40
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    EFFECT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NIGERIA
    (2022) Ololade Mistura Aromasodun
    This paper examines the effect of foreign direct investment on economic growth in Nigeria. In addition to complementing local investment, FDI is intended to help a developing country like Nigeria, create employment, transfer technology, enhance domestic competition and provide other beneficial externalities. The study employed Augmented Dickey Fuller methodology to carry out unit root tests. It was discovered that three of the variables are stationary at first difference. At the same time, the rest are stationary at levels. Consequently, the Autoregressive Distributive Lag (ARDL) technique is used to analyse the impact of foreign direct investment on the economic growth of Nigeria. The results indicate that aggregate foreign direct investment, foreign direct investment to the manufacturing sector, trade openness, inflation and government consumption have significant effects on economic growth in Nigeria. The study also looked at the effects of FDI inflows into the mining, manufacturing, and agriculture sectors on economic growth. Besides FDI, the effects on growth of five control variables, viz: labour force growth, gross capital formation, trade openness, inflation and government consumption expenditure, were also examined. Based on these findings, the study recommends that Nigeria accelerate relevant policies that could attract an enormous inflow of FDI and strive for price stability in the economy.
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    Energy-Growth Nexus: A Systematic Review of Empirical Evidence and Policy Implications
    (African Journal of Environmental Sciences & Renewable Energy, 2025-04-16) Ololade Mistura Aromasodun; Musa Ilias Biala; Abdul Muftah Shitu
    The relationships between energy consumption and economic growth have been extensively studied in the economic and energy literature, yet empirical findings remain inconclusive. This systematic review examines the existing theoretical and empirical research on the energy-growth nexus, analyzing studies from developed and developing economies. The review explores four primary hypotheses: the growth hypothesis (energy consumption drives economic expansion), the conservation hypothesis (economic growth influences energy demand), the feedback hypothesis (a bidirectional relationship), and the neutrality hypothesis (no causal relationship). Findings indicate that the energy-growth relationship varies across countries depending on factors such as income levels, energy mix, and methodological approaches. Developed economies tend to exhibit a shift toward energy efficiency and the conservation hypothesis, while developing economies largely support the growth hypothesis, highlighting their dependency on energy for industrialization. The increasing role of renewable energy in sustaining economic growth is also examined, with evidence suggesting that while renewable investments support long-term economic sustainability, short-term transition challenges exist. The review underscores the need for balanced energy policies, renewable energy investment, and technological innovations to ensure sustainable economic growth while minimizing environmental impact. Future research should focus on regional-specific dynamics, the role of institutional factors, and the implications of climate policies on the energy-growth relationship.