GPH-International Journal of Business Management

Electronic Payment Adoption and Deposit Money Banks Corporate Financial performance in Nigeria:Vector Error Correction Model

2026-05-05T10:30:01+00:00

Banking sector is experiencing a profound transformation powered by advancements in digital technology. Despite the swift adoption of digital banking solutions, significant challenges persist that could relate to money banks corporate financial performance in Nigeria. Thus, the aim of this study is to analyses and derived. Empirically the relationship between electronic payment adoption and deposit money banks corporate financial performance in Nigeria from 2014-2023. Adopting ex-post facto research design, panel data collected from Central Bank of Nigeria statistical bulletin, Nigerian Exchange Group, National Bureau of statistic and annual reports of the selected banks were analyzed using a robust methodological descriptive statistics, unit root test, pooled, fixed, and random effects modeling, Hausman and Breusch-Pagan Lagrange Multiplier test, cointegration and error correction model with the aid of E-view version 12.0. Empirical findings indicate that automated teller machine, mobile payment channels, internet payment channels significantly enhances earning per share. The study therefore conclude that electronic payment adoption significantly relate to deposit money banks corporate performance and recommends that It is recommended that banks should continue to expand their Automated Teller Machine (ATM) infrastructure since this investment improves market valuation, thereby strengthening investor confidence and market perception. Banks are encouraged to strategically deploy ATMs in underserved areas to widen accessibility and capture additional market share, ensuring equitable financial inclusion across urban and rural communities.

Boasting Tax Contribution and Economic Development: Human Development Index Option in Nigeria

2026-05-07T09:08:36+00:00

The aim of this study is to empirically analyse the relationship between boosting tax contribution and economic development: Human Development Index option in Nigeria Times series data on different types of Companies Income Tax, standard of living and Petroleum Profit Tax from 2023 were collected from Central Bank of Nigeria report and Nigeria Revenue Service. Descriptive Statistics, Ordinary Least Square Regression Analysis, Autoregressive Distributed Lag, Cointegration and Error Correction Model was used in analyzing the data collected. The empirical results indicate that companies’ income tax and petroleum profit tax positively and significantly relate to standard of living. The study therefore conclude that boosting direct tax relate to economic development and recommends that part of direc6 tax proceeds should be invented in urban renewal, clean water supply systems, and community recreation spaces to enhance quality of life. Fiscal frameworks should include a health sector allocation formula within petroleum profit tax revenue distribution to ensure consistent funding for preventive health campaigns and primary healthcare accessibility. Government should provide adequate funding for education, health and living standards of the people. This will improve the level of economic development of Nigeria since these are the key indices in evaluating the level of economic development.

MACROECONOMIC INSTABILITY AND ECONOMIC DEVELOPMENT IN NIGERIA

2026-05-09T12:21:12+00:00

The study investigated the impact of macroeconomic instability on economic development in Nigeria from 1981 to 2024. It utilized time series data obtained from the publications of the Central Bank of Nigeria, the National Bureau of Statistics, and the World Development Indicators. The autoregressive distributed lag (ARDL) econometric technique was employed to analyze the effects of macroeconomic instability variables on economic development. The findings revealed that economic development in Nigeria is influenced by the dynamics of macroeconomic instability variables. Specifically, the study identified a negative relationship between fiscal imbalances, inflation, interest rates, and unemployment rates and economic development at current and lagged periods (first and second lags), and these relationships were statistically significant. However, a positive relationship was observed between openness, balance of payments, and economic development, consistent with a priori expectations. Additionally, the results highlighted that population growth, the human development index, and openness are critical drivers of economic development in Nigeria. The study recommended: Structural Reforms, whereby the government should implement comprehensive structural reforms to address underlying economic challenges and promote macroeconomic stability. Fiscal tools such as taxation and government spending should also be effectively utilized to stabilize the economy. Moreover, the Central Bank of Nigeria should deploy monetary tools such as reduced interest rates, reserve requirements, and improved balance of payments management to stabilize the economy. Policies aimed at maintaining favourable exchange rates should be formulated and implemented to enhance export growth and economic performance. The government should prioritize human capital development by formulating investment-friendly policies that attract both local and foreign investors, thereby boosting productivity and fostering economic growth. In conclusion, addressing macroeconomic instability through well-coordinated policies and reforms can significantly contribute to sustainable economic development in Nigeria.

Public Spending and Economic Growth Nexus: Recent Evidence from Nigeria

2026-05-17T08:45:02+00:00

This paper utilized annual time series data from 1996 to 2024 to explore the effect of government expenditure and corruption on Nigeria’s economic growth. The study employed the Fully Modified Ordinary Least Squares (FMOLS) since our variables recorded higher order of integration. From the result, it was observed that total government expenditure negatively impacted on Nigeria’s economic growth insignificantly while corruption exerted a statistically significant negative effect. By disaggregating government expenditure into function (capital and recurrent) components, our result portrayed that while capital expenditure exerted significant positive effect on economic growth, the recurrent component exerted a significant negative effect on economic growth in Nigeria. Further disaggregating the model into sectoral basis portrayed that while expenditure on economic services and that of social and community services are growth-enhancing, government expenditure administration and transfers do not spur growth. In all these disaggregation’s, corruption still exerts deleterious significant effect on Nigeria’s economic growth. The paper therefore recommended the need to reallocate government expenditure, improve efficiency of government spending and strengthen institutions, prioritize spending, enhance transparency and accountability, and monitor and evaluate public spending.