Suchergebnisse

Mortgage financing is one of the ways by which housing stocks are added and capital formation takes place in an economy. This paper examined the impact of the National Housing Fund (NHF), a government agency, in the process of capital formation in Nigeria. The paper adopted some key variables among which are capital formation, lending rate and capital expenditure and the various aspects of mortgage loans in the economy. The paper employed the Two Stage Least Square (2SLS) techniques to measure the impact of the various units. It discovers that the mortgage loan generally is significant and insurance companies advances for mortgage is also significant while the National Housing Fund (NHF) is not significant. This is however due to many problems bedevilling the Fund. The paper recommends among others, the deepening of the mortgage finance market, further assistance to the help to the National Housing Fund and while the government incentivises the firms involved in lending on mortgage fiscally to improve performance and capital stocks in the economy.

The spate of democratic wave that blew across the continent of Africa in the 1990s came with the hope of economic transformation and an end to the decades of backwardness, poverty and want. Prior to this period, democratic governance was the exception rather than the norm. Military high command across the continent dictated the pace for many decades and most times falling short of the messianic appeal thatdrew them into politics and governing with their diktat nature and abuse of human rights, the economies of most countries of the continent where the military juntas were entrenched, experienced stall and retrogression, creating contrition for grumbling by the weakened civil society in these countries. However, the turn in the dynamics of the international system following the collapse of communism and insistence of the continent"s development partners on democratization, compelled many of the military juntas to retreat back to their barracks, thus opening the space for inflow of investments which is in dire need to reverberate the ailing economies. But after a brief spell of power in the hands of the civilian authorities, the lustre of power seem to be drawing some elements in the military high command to the old scenarios which resemble a reverse wave of democratization, thus allowing the gains of civilian advancement to be lost while the countries relapse. One of the expected areas of relapses with the resurgence of the military back in power is in capital flows into the countries for development purposes. The examines these issues and concludes that the resurgence of military rule in the West African sub-region is a set back to the development of the countries in the sub-region

The spate of democratic wave that blew across the continent of Africa in the 1990s came with the hope of economic transformation and an end to the decades of backwardness, poverty and want. Prior to this period, democratic governance was the exception rather than the norm. Military high command across the continent dictated the pace for many decades and most times falling short of the messianic appeal thatdrew them into politics and governing with their diktat nature and abuse of human rights, the economies of most countries of the continent where the military juntas were entrenched, experienced stall and retrogression, creating contrition for grumbling by the weakened civil society in these countries. However, the turn in the dynamics of the international system following the collapse of communism and insistence of the continent"s development partners on democratization, compelled many of the military juntas to retreat back to their barracks, thus opening the space for inflow of investments which is in dire need to reverberate the ailing economies. But after a brief spell of power in the hands of the civilian authorities, the lustre of power seem to be drawing some elements in the military high command to the old scenarios which resemble a reverse wave of democratization, thus allowing the gains of civilian advancement to be lost while the countries relapse. One of the expected areas of relapses with the resurgence of the military back in power is in capital flows into the countries for development purposes. The examines these issues and concludes that the resurgence of military rule in the West African sub-region is a set back to the development of the countries in the sub-region