Department : ECONOMICS

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Large Scale Investment in Education and Households’ Livelihood with Some Evidence on Nigeria

This study examines the impact of large- scale investment in education on the livelihood of the host- community. Investment in education especially in private universities has become a dominant trend in Nigeria in the recent times and some factors have necessitated the location in rural communities. There is therefore the need to examine their impact on their host- communities. This makes this study to investigate the impact of Samuel Adegboyega University on its host community, Ogwa and its impact on employment generation, growth in small and medium enterprises, partnership through community service, availability of social infrastructure and source of livelihood. The study investigates 100 households in the community using Probit regression to analyse the categorical variables employed and all these variables are significant and positive except for employment of a male member of the household which is significant but negative. This indication shows that at the present the male- member of the households need higher education to achieve good pay in the university. The study therefore recommends that all large- scale investors in education need to inculcate the livelihood means of the host communities into their programmes in order to empower them and make them self- reliance.

Contributors: David Oluwakayode Oke Department of Accounting and Finance, Samuel Adegboyega University Ogwa, Edo State, Nigeria Margaret Oke Department of Economics, Ajayi Crowther University Oyo, Osun State, Nigeria

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The aim of the paper is to explain the importance of price discrimination in promoting human capital development in Ogwa land. The study attempts to show that Nigerian universities can adopt price discrimination technique in enhancing human capital development in Ogwa land where high level of poverty obscure the opportunities for higher education. Price discrimination has been identified as aid to market efficiency, thus enhancing the promotion of quality service delivery to people who are less fortunate. Therefore, enhancing pareto optimality in human capital supply in the country.


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Parental Attitudes and Future Economic Survival of Children

Parents are the first contact in a child’s life and the future prospect of such a child depends on certain phenomena exhibited by the parents in which attitude plays a crucial role. This study aims to examine the impact of parental attitudes on future economic survival of their children. The study is designed as a descriptive survey where 100 households are selected in Ajasa and Ipaja environ of Alimosho Local Government, Lagos State. The households selected are those that have had all children in adulthood and data of the selected households are drawn from previous secondary school records and comments from class teachers of such children which are used to decode their parental attitudes. All variables employed are converted to nominal scale to ensure the use of Probit regression technique. These variables are current economic status of the children, parental attitude towards education, parental attitude toward children discipline, parental participation in children extra curriculum activities, parental response to children’ ill- behaviour in schools, children education materials and facilities available in schools. The findings show that all variables are significant at different levels but parent attitude to children education is negative. Therefore, it can be said parental attitudes have significant impact on children future economic survival and they need to be supported by the government.


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Colonialism and Home Grown Businesses in Africa

Colonialism in sub- Saharan Africa has brought about significant changes in every aspect of the lives of the colonised peoples. One of these changes is the decline in the number of home grown businesses in sub- Saharan Africa because the first target of the Europeans was to destroy the existing culture of the people. They were made to perceive foreign lifestyles and goods as the necessary factors in civilisation which led to a myopic view of locally made goods. Today, Africans have no contribution to the world trade except in the supply of primary goods which are subject to fluctuation in international price. The present economic crises experienced by nearly all African countries showed that they do not have the structures which can stimulate economic growth and entrepreneurship development necessary for growth of sub- Saharan Africans. This paper has the aim of examining the contribution of colonialism to the decline of home grown businesses. This study examines the problem from historical perspective, which allows investigation of the past economic activities of African people. The finding of the study showed that Africa had invented tools and other artifact used to propel growth of business activities before they were colonised. The findings further showed that large number of these inventions died during the period of colonialism. The study therefore recommended that there is need for revival of indigenous business to enhance economic growth.


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The Need for Affordable Housing in Nigeria

This paper examines the need for housing in Nigeria. The aim of the study is to show that there is high need for government to initiate policy that makes houses available to Nigerians at affordable prices. The study is descriptive in nature and a questionnaire is drawn to elicit information on the study. 582 households in Ipaja and its suburb, Alimosho Local Government Area, Lagos State, Nigeria are used using cluster sampling method; and variable such as the number of families who live in each house, the pattern of the house selected, the size of the house with respect to number of families who reside there, the health nature of the house, the environment in which the house is situated, and the income of the household are obtained. The findings of the study show that many Nigerians are living in houses harmful to human’s health and decent houses are beyond the reach of the masses because of high poverty level in the country. The study therefore recommends that household’s income should be taken into consideration in any housing policy adopts by the government and government cannot single- handedly meet housing demand in Nigeria without the support of the private sector. New national housing scheme should be introduced that will incorporate private sector.


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