The Role of Blue Financing in Blue Economy in Nigeria
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| Natura: | Recurso digital |
| Lingua: | inglese |
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Zenodo
2025
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| _version_ | 1866902330170933248 |
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| author | OMOGBAI, Courage Agbologa OSIFO Kessington Edos |
| author_facet | OMOGBAI, Courage Agbologa OSIFO Kessington Edos |
| contents | <p><strong><span lang="EN-US">Abstract:</span></strong><span lang="EN-US"> The study examined the role of blue finance on blue economy in Nigeria for the period 2000 to 2023. The specific objectives of the study were to ascertain whether blue financing factors such as government expenditure on agriculture (GEXAGR), loans to agriculture and fishery (LAGFISH), agricultural credit guarantee scheme funds (ACGSF) and employment rate (EMPR) significantly impact blue economy. For this reason, the ordinary least square (OLS) technique was employed for the analysis of data. The result obtained indicate that government expenditure on agriculture (GEXAGR) does not have significant impact on blue economy; loans to agriculture and fishery (LAGFISH) had a significant negative impact on blue economy; while agricultural credit guarantee scheme funds had a significant positive impact on blue economy, employment rate (EMPR) had a weak negative impact on blue economy. The study recommends among others that, government should have specific budgetary allocation directly targeted at promoting the blue economy like the way it is done by the advanced countries. This way, government expenditure will positively impact blue economy in Nigeria.</span></p> <p><span lang="EN-US">JEL Classification: O44, Q14, Q22, H5, </span><span lang="EN-US">C4.</span></p> <p><strong><span lang="EN-US">Keywords:</span></strong><span lang="EN-US"> Blue Economy, Blue Finance, Fishery, Aquaculture, Government Expenditure, Statistical and Econometric Methods.</span></p> <p><strong><span lang="EN-US">Title:</span></strong><span lang="EN-US"> The Role of Blue Financing in Blue Economy in Nigeria</span></p> <p><strong><span lang="EN-US">Author:</span></strong><span lang="EN-US"> OMOGBAI, Courage Agbologa, OSIFO Kessington Edos</span></p> <p><strong><span lang="EN-US">International Journal of Management and Commerce Innovations<span> </span></span></strong></p> <p><strong><span lang="EN-US">ISSN 2348-7585 (Online)</span></strong></p> <p><strong><span lang="EN-US">Vol. 13, Issue 1, April 2025 - September 2025</span></strong></p> <p><strong><span lang="EN-US">Page No: 520-530</span></strong></p> <p><strong><span lang="EN-US">Research Publish Journals</span></strong></p> <p><strong><span lang="EN-US">Website: www.researchpublish.com</span></strong></p> <p><strong><span lang="EN-US">Published Date: 15-September-2025</span></strong></p> <p><strong><span lang="EN-US">DOI: <a href="https://doi.org/10.5281/zenodo.17123963">https://doi.org/10.5281/zenodo.17123963</a></span></strong></p> <p><strong><span lang="EN-US">Paper Download Link (Source)</span></strong></p> <p><strong><span lang="EN-US"><a href="https://www.researchpublish.com/papers/the-role-of-blue-financing-in-blue-economy-in-nigeria">https://www.researchpublish.com/papers/the-role-of-blue-financing-in-blue-economy-in-nigeria</a></span></strong></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_17123963 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | The Role of Blue Financing in Blue Economy in Nigeria OMOGBAI, Courage Agbologa OSIFO Kessington Edos Blue Economy Blue Finance Fishery Aquaculture Government Expenditure Statistical and Econometric Methods <p><strong><span lang="EN-US">Abstract:</span></strong><span lang="EN-US"> The study examined the role of blue finance on blue economy in Nigeria for the period 2000 to 2023. The specific objectives of the study were to ascertain whether blue financing factors such as government expenditure on agriculture (GEXAGR), loans to agriculture and fishery (LAGFISH), agricultural credit guarantee scheme funds (ACGSF) and employment rate (EMPR) significantly impact blue economy. For this reason, the ordinary least square (OLS) technique was employed for the analysis of data. The result obtained indicate that government expenditure on agriculture (GEXAGR) does not have significant impact on blue economy; loans to agriculture and fishery (LAGFISH) had a significant negative impact on blue economy; while agricultural credit guarantee scheme funds had a significant positive impact on blue economy, employment rate (EMPR) had a weak negative impact on blue economy. The study recommends among others that, government should have specific budgetary allocation directly targeted at promoting the blue economy like the way it is done by the advanced countries. This way, government expenditure will positively impact blue economy in Nigeria.</span></p> <p><span lang="EN-US">JEL Classification: O44, Q14, Q22, H5, </span><span lang="EN-US">C4.</span></p> <p><strong><span lang="EN-US">Keywords:</span></strong><span lang="EN-US"> Blue Economy, Blue Finance, Fishery, Aquaculture, Government Expenditure, Statistical and Econometric Methods.</span></p> <p><strong><span lang="EN-US">Title:</span></strong><span lang="EN-US"> The Role of Blue Financing in Blue Economy in Nigeria</span></p> <p><strong><span lang="EN-US">Author:</span></strong><span lang="EN-US"> OMOGBAI, Courage Agbologa, OSIFO Kessington Edos</span></p> <p><strong><span lang="EN-US">International Journal of Management and Commerce Innovations<span> </span></span></strong></p> <p><strong><span lang="EN-US">ISSN 2348-7585 (Online)</span></strong></p> <p><strong><span lang="EN-US">Vol. 13, Issue 1, April 2025 - September 2025</span></strong></p> <p><strong><span lang="EN-US">Page No: 520-530</span></strong></p> <p><strong><span lang="EN-US">Research Publish Journals</span></strong></p> <p><strong><span lang="EN-US">Website: www.researchpublish.com</span></strong></p> <p><strong><span lang="EN-US">Published Date: 15-September-2025</span></strong></p> <p><strong><span lang="EN-US">DOI: <a href="https://doi.org/10.5281/zenodo.17123963">https://doi.org/10.5281/zenodo.17123963</a></span></strong></p> <p><strong><span lang="EN-US">Paper Download Link (Source)</span></strong></p> <p><strong><span lang="EN-US"><a href="https://www.researchpublish.com/papers/the-role-of-blue-financing-in-blue-economy-in-nigeria">https://www.researchpublish.com/papers/the-role-of-blue-financing-in-blue-economy-in-nigeria</a></span></strong></p> |
| title | The Role of Blue Financing in Blue Economy in Nigeria |
| topic | Blue Economy Blue Finance Fishery Aquaculture Government Expenditure Statistical and Econometric Methods |
| url | https://doi.org/10.5281/zenodo.17123963 |