Deputy Vice Chancellor (Research & Development)

OGUNBIYI, SUNDAY SAMUEL(Ph.D)

FULL NAME: OGUNBIYI, SUNDAY SAMUEL(Ph.D)

 DESIGNATION: Senior Lecturer in Finance and Banking

BRIEF PROFILE:

CONTACT DETAILS:

MOBILE: 08037113809, 07058789641

E-MAIL: This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.

OFFICE BLOCK/ADDRESS:          Finance and Banking Department

                                                            Faculty of Management Sciences

                                                            University of Port Harcourt

 

 

 

EDUCATIONAL QUALIFICATIONS:

2012:                           DOCTOR OF PHILOSOPHY (PhD) IN FINANCE and BANKING,

                                    UNIVERSITY OF PORT HARCOURT

2007:                           MASTER OF BUSINESS ADMINISTRATION (MBA) in FINANCE,

                                    UNIVERSITY OF PORT HARCOURT

2011:                           BACHELOR OF SCIENCE (B.Sc) in FINANCE and BANKING,

                                    UNIVERSITY OF PORT HARCOURT

1987:                           WEST AFRICAN SCHOOL CERTIFICATE,

                                    IJEBU-ODE GRAMMAR SCHOOL, IJEBU-ODE, OGUN STATE

1982:                           FIRST SCHOOL LEAVING CERTIFICATE

                                    ARMY CHILDREN SCHOOL, RUKUBA BARRACKS, JOS,                                                         PLATEAU STATE

CAREER OBJECTIVE:                   MY CAREER GOAL IS TO IMPART AND INFLUENCE

                                                            PEOPLE POSITIVELY IN THE COURSE OF MY JOB,

                                                            FOR THE BETTERMENT OF NIGERIA AS A WHOLE.

MEMBERSHIP OF PROFESSIONAL BODIES 

(i)         FELLOW OF THE CHARTERED INSTITUTE OF FINANCIAL AND INVESTMENT

            ANALYST, NIGERIA (F'cfian)

(ii)        MEMBER, ACADEMY OF MANAGEMENT, NIGERIA

(iii)       MEMBER, DIRECTORS GUILD OF NIGERIA

WORK EXPERIENCE

 

(i)         OCT.2014 TILL DATE:                    SENIOR LECTURER

                                                                        DEPARTMENT OF FINANCE & BANKING,

                                                                        UNIVERSITY OF PORT HARCOURT

(ii)        OCT. 2011 to OCT.2014:                  LECTURER 1,

                                                                        DEPARTMENT OF FINANCE & BANKING,

                                                                        UNIVERSITY OF PORT HARCOURT

(iii)       MARCH, 2008 to OCT. 2011:          LECTURER II

                                                                        DEPARTMENT OF FINANCE & BANKING,

                                                                        UNIVERSITY OF PORT HARCOURT

(iv)       OCT. 2004 to JUNE, 2005:               INVENTORY CONTROL SUPERVISOR

                                                                        UNIVERSAL SODEXHO, NIG. LTD

                                                                        PORT HARCOURT, RIVERS STATE

(v)        DEC. 1990 to JULY, 2012:                BUSINESS DEVELOPMENT OFFICER

                                                                        NATIONAL FERTILIZER COMPANY OF                                                                           NIGERIA LTD

(vi)       JULY, 2000 to JULY, 2001: CORP LIAISON OFFICER (NYSC),

                                                                        ISIALA NGWA NORTH, ABIA STATE

 

PROFESSIONAL EXPERIENCE

2012 till Date:                        MEMBER, BOARD OF FELLOWS

                                                CHARTERED INSTITUTE OF FINANCIAL AND INVESTMENT ANALYST, NIGERIA

MAY, 2014 till DATE:               EX OFFICIO MEMBER OF COUNCIL

                                                CHARTERED INSTITUTE OF FINANCIAL AND INVESTMENT ANALYST, NIGERIA

 

UNIVERSITY ADMINISTRATION

NOV. 2011:                SECRETARY, ACIB/BSc CURRICULUM REVIEW COMMITTEE

MARCH, 2013:         MEMBER, FACULTY FUND-RAISING COMMITTEE

JAN. 2013:                 STAFF ADVISER ON ACADEMIC MATTERS

                                    DEPARTMENT OF FINANCE and BANKING

                                    UNIVERSITY OF PORT HARCOURT

2015. to DATE:                      DEPARTMENTAL POST GRADUATE COORDINATOR

DEC. 2013 to MARCH, 2016:           FACULTY COORDINATOR OF COMMUNITY SERVICE

Dec. 2016 to date:      FACULTY STAFF ADVICER

Dec. 2016 to date:      Chairman ICT committee

 

COURSES TAUGHT IN THE UNIVERSITY

  1.   FIN. 333.2     FINANCIAL MANAGEMENT        
  2.   GES 400.2:    ENTREPRENEURSHIP PROJECT
  3.   GES 300.1:    FUNDAMENTALS OF ENTREPRENEURSHIP.
  4.   FIN 331.1:     MONEY AND BANKING 
  5.   FIN 450.2:     FINANCIAL INFORMATION SYSTEM
  6.   FIN 434.2:     PROJECT EVALUATION
  7.   FIN 439.2:     FINANCIAL POLICY  
  8.   FIN 232.2      PRINCIPLES OF FINANCE
  9.   FIN. 907.1     EMPIRICAL INVESTIGATION IN FINANCE
  10.   FIN. 801.1     CORPORATE FINANCE
  11.   FIN. 908.1     COMPARATIVE ISSUES IN FINANCE

 

AREA OF SPECIALIZATION

                Financial Management, Money and Banking, Financial Information System,       Principles of Finance, and Small business Finance.

RESEARCH PUBLICATION

BOOKS

(i)         Dictionary of Finance & Banking, Davidstones Publishers, 2008

(ii)        Money & The Nigerian Financial System, Jeso Int'l Publishers, 2009

 

JOURNAL ARTICLES

  1. Local Journals
  1. Arewa, A. Owoputi, A.J and Ogunbiyi S.S. (2017), Monetary Policy Target and Optimum Exchange Rate Determination in Nigeria. Yobe Journal of Economics (YOJE). 4(1). (My Contribution in this Paper is 40%)
  2. Ogunbiyi S.S. and Sefiu L.O. Banking Sector Reforms as a Paradigm Shift in SMEs Finance in Nigeria: A Causality Relationship. Human Capital Development: A Research Journal on Contemporary Issues and Development 2017; 6(1) 1-19. (Nigeria)
  3. Ogunbiyi S.S. and Monogbe T.G. Development Banks in the Nigeria Economic Growth Process: A Multi Sectoral Analysis (ARDL Approach). Human Capital Development: A Research Journal on Contemporary Issues and Development 2017; 6(1) 126-139. (Nigeria)
  4. Ogunbiyi, S.S and Monogbe, T.G. Government Policy and Performance of Small and Medium Scale Business in Nigeria. De-Caritas Journal of Management and Social Sciences 2017; 9(1) 1-18. (Nigeria)
  5. Ogunbiyi, S.S and Abina, P.A Foreign Investments, Exchange Rates and External Debt Inter-Relationships in Africa: Further Empirical Evidence from Nigeria. (1985-2015). De-Caritas Journal of Management and Social Sciences 2017; 9(1) 28-44. (Nigeria)
  6. Ogunbiyi, S.S, and Monogbe, T.G. Leveraging Nigerian SMEs to Economic Growth: Micro Credit or Conventional Credit? New Era Research Journal of Human, Educational and Sustainable Development 2017; 10(1). Printed and Published by De-Caritas Publishers, Port Harcourt. (Nigeria)
  7. Ogunbiyi, S.S. and Sunday, F. Oil Price Shocks and Exchange Rate Volatility: An Implications on Nigeria Economic Growth. Human Capital Development (HUCADE), A Research Journal on Contemporary Issues and Development 2016; 5(4) 1-15. (Nigeria)
  8. Ogunbiyi, S.S. and Monogbe, T.G. Dividend Policy, Financial Performance and Causality in Nigeria. Human Capital Development (HUCADE), A Research Journal on Contemporary Issues and Development 2016; 5(4) 70-81. (Nigeria)
  9. Ogunbiyi, S.S. and Abina, P.A. Empirical Investigation into the Discrepancies between theories on Government Capital Expenditure and Economic Growth of Nigeria. Journal of Management Research and Development 2016; JMRD 5(1) 53-67. (Nigeria)
  10. Ogunbiyi, S.S. and Monogbe, T. Sectoral Lending and the Nigerian Economic Growth Process. Journal of Management Research and Development 2016; JMRD 5(2) 121-132. (Nigeria)
  11. Nnamdi, I.S. Ogunbiyi, S.S and Ebirim, M. Transition to a Consolidated Banking Framework in Nigeria: A Comparative Analysis of Predictive Potentials. Nigeria Journal of Finance and Research 2016; (11).1 (Nigeria) (My Contribution in this Paper is 20%)
  12. Ogunbiyi, S.S and Okunlola, F.A. Domestic Debt and Real Sector Growth: A Vector Auto Regression Analysis (VAR) Approach. Nigerian Journal of Financial Research 2015; 10(2) 1-10. (Nigeria)
  13. Ogunbiyi, S.S and Abina, P.A. Financial Integration and Economic Growth in Nigeria: A Granger Causality Test Approach. Nigerian Journal of Financial Research 2015; 10(2) 53-60. (Nigeria)
  14. Ogunbiyi, S.S. and Ayunku P.E. International Trade Collaborations and the Growth of the Nigerian Economy: A Granger Casualty Approach. (1980-2011). Journal of Business and Value Creation (JBVC) 2013; 2(1) 20-29. (Nigeria)*
  15. Ogunbiyi, S.S. Okunlola, F.A. Financial Intermediation and Economic Growth: The Nigerian Experience (1980-2010). Journal of Management Sciences 2013; 1(1) 99-109. (Nigeria) *
  16. Ogunbiyi, S.S. and Ayunku, P.E.  Fiscal Policy and the economy; the Nigerian Experience (1980 – 2010). Trend Journal of Management and Social Sciences 2012; 5(1) 23-33. (Nigeria) *
  17. Ogunbiyi, S.S and Oshi, J.E.O. Ordinary shares (Equity) subscription and the performance of Nigerian economy. A time series analysis (1980 -2008). African Journal of Professional Research in Human Development 2011; 7(1) 1-9. (Nigeria)*
  18. Oshi, J.E.O and Ogunbiyi, S.S. The Implication of Government Bailout of Private Enterprises for Socioeconomic Development (A Cease of Nigeria): African Journal of Professional Research in Human Development 2011; 7(1) 107-111. (Nigeria)*
  19. Ogunbiyi, S.S and Okunola, F.A. Federal Government Capital Expenditure and Economic Growth in Nigeria (1980-2010). Trend Journal of Management Sciences 2011; 4(4) 97-107. (Nigeria) *
  20. Ogunbiyi, S.S, Okunlola F.A, and Oshi, J.E.O. Government Expenditure on Agric and the Nigerian Economy (1979-2009). The Nigerian Journal of Financial Research (NJOFIR) 2009; 7 (2) 172-186. (Nigeria) * (My Contribution in this Paper is 60%)
  21. Ezirim, C. B, Adebajo R and Ogunbiyi S.S. Microfinance and Poverty Alleviation in Nigeria (Strategies and Challenges) Edited by Chris G. Nwikina and Joshua G. Mawo. 2008, (Nigeria)* (My Contribution in this Paper is 20%)
  1. Foreign Journals

 

  1. Ogunbiyi S.S. and Abina P.A. The Relationship between Fiscal Policy Instrument and Nigeria Economic Performance. Haitian Research Journal on Development Studies 2017; (HRJS) 15(1) 126-139. (Brazil)
  2. Ogunbiyi, S.S. and Akani F.A. White Collar Crime and the Performance of Banks in Nigeria. Brazilian Research Journal of Humanities, Social and Management Sciences 2016; 10(3) 37-50. (Brazil)
  3. Ogunbiyi, S.S and Okoye, N.F. Fiscal Policy and Economic Growth: The Nigerian Experience (1970-2014). Journal of Accounting and Finance Management 2016; 2(6) 50-60. (Nigeria)
  4. Ogunbiyi, S.S and Abina, P.A. Foreign direct investment and Economic Growth Nexus: An Empirical Investigation, Bound Testing Approach: IIARD International Journal of Economics Management 2015; ISSN 2489-0065 Vol. 2 No. 9. (Nigeria)
  5. Ogunbiyi, S.S and Okunlola, F.A. External Debt Burden and the Capital Accumulation of Nigeria: A Co Integration Approach (1980-2012). Research Journal of Finance and Accounting 2015; 6(11) 182-191. (UK)
  6. Ogunbiyi, S.S, Ihejirika, P.O. Interest Rates and Deposit Money Banks’ Profitability Nexus: The Nigeria Experience. Arabian Journal of Business and Management Review (OMAN Chapter) 2014; Vol. 3, No. 11. (Saudi Arabian) *
  7. Ogunbiyi, S.S and Oshi, J.E.O. Research on the Relationship between Mortgage Market and the GDP Growth of Nigeria (1980 – 2011). Universal Journal on Sustainable Developmental Research (UJSDR) 2013; 10(1) 71-78. (Malaysia)*
  8. Ogunbiyi, S.S and Obodo, K.U. Monetary Policy and the Growth of Nigeria Economy (1980-2011). Haitian Research Journal on Development Studies (HRJS) 2012; 10 (4) 80-88. * (Brazil)
  9. Ezirim, C.B., Ogunbiyi, S.S. and Michael, M. Financial Markets and the Economy: A Comparative Analysis of the Experiences of the United States and Nigeria. International Journal of Finance and Policy Analyst. 2008; 1(1) 22-31. * (USA)

 

CONFERENCES AND WORKSHOPS

  1. 4th National Conference of Academy of Management Nigeria held in University of Port Harcourt. May 12 – 14 2010.
  2. 5th National Conference of Academy of Management Nigeria held in University of Calabar. February 23 – 25, 2011.
  3. A two day workshop organized by the International Academy of Business and Behavioral sciences and Markowitz center for research and Development. Juanita Hotel, Port Harcourt. March, 25th and 26th 2011
  4. 6th National Conference of Academy of Management Nigeria held in University of Lagos. February 23 – 25, 2012.
  5. A two day workshop organized by the International Academy of Business and Behavioral sciences and Markowitz center for research and Development. Juanita Hotel, Port Harcourt. March, 25th and 26th 2011
  6. A two day workshop/conference organized by the International Academy of Business and Behavioral sciences and Markowitz center for research and Development. Aldgate Hotel, Port Harcourt. March, 9th to 11th 2017
  7. The 2014 Faculty of Management Sciences. International Conference. October 15th – 18th held at the University Auditorium, Nnamdi Azikiwe University.

 

HOBBIES: SINGING, DANCING

ABSTRACTS OF OGUNBIYI, SUNDAY SAMUEL (Ph.D) PUBLICATIONS

S/N

PUBLICATIONS

AUTHORS/YEAR

TITLE

ABSTRACTS

1

 Local Journal Article

Human Capital Development: A Research Journal on Contemporary Issues and Development 6(1) 1-19.

 

Ogunbiyi S.S and Sefiu L.O

Banking Sector Reforms as a Paradigm Shift in SMEs Finance in Nigeria: A Causality Relationship.

The study empirically examines the extent to which the banking sector reforms have been able to fund SMEs in recent times. The study suggests that policies be put in place to promote the patronage of microfinance and semi-financial institutions.

2

Human Capital Development: A Research Journal on Contemporary Issues and Development 6(1) 126-139 2017

 

 

Ogunbiyi S.S and Monogbe T.G.

Development Banks in the Nigeria Economic Growth Process: A Multi Sectoral Analysis (ARDL Approach).

The study empirically examines the contribution of development banks to the growth of the Nigerian economy between the periods 1992-2015.

3

De-Caritas Journal of Management and Social Sciences 9(1), 1-18. 2017

 

Ogunbiyi, S.S and Monogbe, T.G

Government Policy and Performance of Small And Medium Scale Business In Nigeria

The paper was able to point out why government spending should be restricted to more productive activities, which will in turn augment savings and deposits and would be available as loan to subsequent SME borrowers.

4

De-Caritas Journal of Management and Social Sciences 9(1) 28-44. 2017.

 

 

Ogunbiyi, S.S and Abina, P.A

Foreign Investments, Exchange Rates and External Debt Inter-Relationships in Africa: Further Empirical Evidence from Nigeria. (1985-2015).

The paper was able to establish a relationship between foreign investments, exchange rates and external debt

5

 

New Era Research Journal of Human, Educational and Sustainable Development 10(1). Printed and Published by De-Caritas Publishers, Port Harcourt. 2017.

Ogunbiyi, S.S, and Monogbe, T.G.

Leveraging Nigerian SMEs to Economic Growth: Micro Credit or Conventional Credit?

The paper was able to point out how micro finance credit significantly contributes to economic growth while deposit money bank credit to SMEs is parasitic to Nigeria economic growth.

6

A Research Journal on Contemporary Issues and Development. 5(4) 1-15.2016.

 

Ogunbiyi, S.S. and Sunday, F.

Oil Price Shocks and Exchange Rate Volatility: An Implications on Nigeria Economic Growth. Human Capital Development (HUCADE),

The paper point out that diversification of the economy is necessary to take advantage of other factors that can help boost the economy growth besides crude oil price.

7

A Research Journal on Contemporary Issues and Development. 5(4) 70-81. 2016

Ogunbiyi, S.S. and Monogbe, T.G.

Dividend Policy, Financial Performance and Causality in Nigeria. Human Capital Development (HUCADE),

The study points out that Organization should effectively appropriate funds available to them and manage it in such a way that more profit can be generated which in turn will lead to increase in shareholder’s dividend. Also, adequate monitoring and supervision should be embarked upon by the firm to ensure prudency and proper accountability.

8

Journal of Management Research and Development JMRD 5(1) 53-67. 2016.

 

Ogunbiyi, S.S, and Abina, P.A

Empirical Investigation into the Discrepancies between theories on Government Capital Expenditure and Economic Growth of Nigeria.

The paper was able to acces the need for states and local governments to start making sound policies on how to boost their internally generated revenue rather than depending on federal government allocation so as to alleviate the pressure on federal government’s yearly allocation.

9

Journal of Management Research and Development JMRD 5(2), 121-132, (2016).

 

Ogunbiyi, S.S. and Monogbe, T.

Sectoral Lending and the Nigerian Economic Growth Process.

The paper points out that more credit should be allocated to sectors with higher contribution to the Nigerian economy

10

Nigeria Journal Of Finance And Research, (11).1 (2016).

 

Nnamdi, I.S.Ogunbiyi, S.S and Ebirim, M.

Transition to a Consolidated Banking Framework In Nigeria: A Comparative Analysis of Predictive Potentials.

This paper was able to point out the predictive interrelationship between earnings performance of Nigeria banking sector during the pre and post consolidation periods in Nigeria.

11

Nigerian Journal of Financial Research 10(2) 1-10. 2015

Ogunbiyi, S.S and Okunlola, F.A

Domestic Debt and Real Sector Growth: A Vector Auto Regression Analysis (VAR) Approach.

The paper points out that in an advent of consistency and project tied borrowing, real sector will experience growth and development

12

Nigerian Journal of Financial Research 10(2) 53-60. 2015

 

Ogunbiyi, S.S and Abina, P.A

Financial Integration And Economic Growth In Nigeria: A Granger Causality Test Approach.

The paper points out that Security and Exchange Commission and Central Bank should be more proactive in its surveillance role in order to check sharp and illegal practices which undermine the activity of the financial system so as to speed up the integration process.

13

Marketing department research journal, Uniport, 2014

 Ogunbiyi S.S

and P.E Ayunku

Internationals Trade Collaboration and The Growth of The Nigerian Economy: A Granger Causality Approach (1980 - 2011)

The paper established that export is more beneficial to the economy than import

14

The Journal of Management Sciences (JMS) Vol. 1, Nos.1, June 2013

Ogunbiyi, S.S and Okunlola F.A

Financial Intermediation And Economic Growth: The Nigerian Experience (1980 – 2010)"

The paper examines financial intermediation role of the deposit money banks and the Nigerian economy. It found out that there is a significant relationship between the variables of the study

15

Trend Journal Of Management and Social Sciences vol. 5 No. 1,.2012

 

Ogunbiyi S.S

and P.E Ayunku

Fiscal Policy and the Economy. The Nigerian Experience (1980-2010).

 

The study was able to show that expansionary monetary policy is vital for economic growth.

16

African Journal of Professional Research on Human Development (AJPPRHD) Vol. 7. No 1. March, 2011

pp. 1-9

Ogunbiyi, S. S. and Oshi, J. E. O.

Ordinary Shares (Equity) Subscription and the Performance of Nigeria Economy. A Time Series Analysis.(1980-2008)

This Study examines whether stock market promotes economic growth in Nigeria hence it establishes a positive link between stock market and economic growth.

17

African Journal of Professional Research on Human Development (AJPPRHD) Vol. 7. No 1. March, 2011

pp. 107-111

Oshi, J.E.O

and S. S Ogunbiyi

The Implication of Government Bailout of Private Enterprises for Socio-economic Development. A Case of Nigeria

This paper examined the implication of Government bailout of private enterprises as a vehicle for socioeconomic development and concludes that grave consequences arise if government ignores such interventions.

18

Trend Journal Of Management and Social Sciences, vol. 4 No. 4, 2011, pp. 97-107

Ogunbiyi S.S. and Okunlola, F.A.

Federal Government Capital Expenditure and Economic Growth in Nigeria (1980-2010).

 

The paper was able to show that government expenditure has a good potential of improving the economy of a country.

19

The Nigerian Journal of Financial Research (NJOFIR) Vol. 7, No. 2, 2010.

pp. 120-124

Ogunbiyi, S. S., Okunlola, F. A., and Oshi, J.E.O.

Government Expenditure on Agriculture and the Nigeria Economy (1970-2009) 

This Paper attempts to determine the relationship between Federal Government expenditure in Agriculture and the GDP of Nigeria between 1970 and 2009

20

Microfinance and Poverty Alleviation in Nigeria (Strategies and Challenges) Edited by Chris G. Nwikina and Joshua G. Mawo. (2008)

 

Ezirim, C. B, Adebajo R and Ogunbiyi S.S

"Microfinance and Rural Economic Development: Some theoretical issues.

 

The paper highlighted the importance of micro finance and rural economic development in Nigeria. It was able to draw attention to the benefit of micro financing in the Nigeria rural areas.

21

Foreign Journal Article

 Haitian Research Journal on Development Studies (HRJS) 15(1) 126-139 2017.

 

Ogunbiyi S.S. and Abina P.A.

The Relationship Between Fiscal Policy Instrument and Nigeria Economic Performance

The paper studies the relationship between fiscal policy instrument and Nigeria economic performance.

22

 

Foreign Journal Article

Brazilian Research Journal of Humanities, Social and Management Sciences 10(3) 37-50. 2016

 

Ogunbiyi, S.S and Akani F.A

White Collar Crime and the Performance of Banks in Nigeria.

 

23

Foreign Journal Article

Journal of Accounting and Finance Management 2(6) 50-60. 2016

 

Ogunbiyi, S.S and Okoye, N.F

Fiscal Policy and Economic Growth: The Nigerian Experience (1970-2014).

The paper was able to point that government should adopt fiscal mechanism that will encourage increment in revenue through tax instead of borrowing and being over dependent on oil revenue.

24

 Foreign Journal Article

IIARD International Journal of Economics Management. ISSN 2489-0065 Vol. 2 No. 9. 2015.

 

Ogunbiyi, S.S and Abina, P.A

Foreign direct investment and Economic Growth Nexus: An Empirical Investigation, Bound Testing Approach

The paper showed that foreign direct investment is essential to Nigeria Economy.

25

Foreign Journal Article

Research Journal of Finance and Accounting 6(11) 182-191. (2015).

Ogunbiyi, S.S and Okunlola, F.A

External Debt Burden and the Capital Accumulation of Nigeria: A Co Integration Approach (1980-2012).

The paper points out that caution is a necessity if further borrowing is to be sought

26

Foreign Journal Article

Arabian Journal of Business and Management Review. Vol. 3 No. 11, 2014.

 

Ogunbiyi, S. S, and Ihejirika, P. O

Interest Rates And Deposit Money Banks' Profitability Nexus: The Nigerian Experience

The paper showed that interest rate is an important aspect of profitability of deposit money banks.

27

Foreign Journal Article

Universal Journal on  Sustainable Developmental Research, vol. 10 No. , 2013. Pp. 71-78.

 

Ogunbiyi S.S

and J.E.O Oshi

Research on the Relationship between Mortgage Market and the GDP Growth of Nigeria (1980-2011)

 

The paper showed that the mortgage market is an important part of the Nigeria Financial system and it should be encouraged to impact positively on the economy.

28

Foreign Journal Article

Haitian Research Journal On Development Studies vol. 10 No. 4, 2012 Pp. 80-88.

 

Ogunbiyi S.S

and Obodo K.U

"Monetary Policy and the Growth of Nigeria Economy (1980-2011).

The paper showed that 61% of the variation in the economy is attributable to monetary policies of the government.

29

Foreign Journal Article

International Journal Of Finance and Policy AnalystVol. 1 No. 1. Pp. 22-31 (2008)

Ezirim C B., S.S. Ogunbiyi and M.  Muoghalu

"Financial Markets and the Economy: A comparative Analysis of the Experiences of the United States and Nigeria.

 

The paper was able to point out the contribution of the Nigerian financial market to the economy and in comparison with that of the US.