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This study investigates the validity of Thirlwall’s Law in Nigeria, examining whether balance-of-payments constraints affects economic growth in Nigeria. Utilizing annual data from 1980 to 2020, the analysis employs an autoregressive distributed lag (ARDL) model to estimate the income elasticity of imports and tests for cointegration to verify long-term equilibrium relationships. Findings reveal that Nigeria’s income elasticity of import demand exceeds unity, suggesting that income growth significantly heightens import dependency, which exacerbates balance-of-payments pressures. The results confirm Thirlwall’s hypothesis, indicating that Nigeria’s growth is constrained by its current account position. This study contributes to the literature by applying Thirlwall’s Law to a resource-dependent developing economy with high import reliance and limited export diversification. Key policy recommendations include the adoption of an import-substitution strategy to bolster domestic production in high-demand sectors, alongside export diversification efforts to reduce external dependency. These findings underscore the urgent need for structural reforms to stabilize the balance of payments and promote sustainable economic growth in Nigeria.

Conflict has been proven to be inescapable in the work environment because of the composite nature of organizations. The study on the Appraisal of the Relevance of Consultation in Organisational Conflict Management evaluated the relationship of consultation with conflict management in an organization. Deploying consultation strategies in conflict management douses the degree of impact and incidence of escalated conflict. The study administered a questionnaire to 200 respondents from Banking & Fintech, Manufacturing, Professional Institutes, Ministries, Departments and Agencies of Government, Telecommunication, and Oil & Gas sectors in Southwest Nigeria through Google Forms, while 177 responded. A questionnaire was designed and validated by Industrial and Labour Relations Experts before administering it. Data were analyzed using charts, tabulations, percentages, and Pearson Product Moment Correlation (PPMC) methods. Findings confirmed that relationships exist between conflict management and consultation as a form of social dialogue. Most respondents agreed in strong and mild terms that deploying social dialogue in conflict management can trim down conflict; facilitate collaboration; replace confrontational relationships; establish a harmonious industrial climate; and open and encourage channels for consensus building. Since conflict is an intrinsic feature of organizational relations, sustaining a mutual relationship requires a deliberate commitment to adopt conflict management strategies. Social dialogue through consultation proved to be a potent apparatus for promoting effective conflict management. This highlights the need for organizations to prioritize consultation as a strategic approach to conflict resolution, ensuring harmony and collaboration across workplace dynamics. Hence, it is recommended that consultation should be deployed as a procedure to manage conflict in an organization.

This paper explores the nonlinear dynamics relationship between petroleum product prices and inflation in Nigeria. By focusing on the role of exchange rate fluctuations in amplifying the relationships, the paper employs a multiplicative interaction approach to address the nonlinear effects of petroleum prices on inflation. Utilizing data from 2016: Q1 to 2024: Q2 from the National Bureau of Statistics and the Central Bank of Nigeria, the study introduces interaction terms to capture how petroleum prices and exchange rates interact to influence inflation. The methodology includes static and dynamic panel estimators, with a focus on the within effect model to account for unobserved state-specific factors. Key findings reveal that AGO and PMS prices significantly drive both headline and food inflation, while DPK's impact varies, and GAS shows minimal effect. The study highlights those geographical factors—proximity to seaports and fuel depots—significantly influence inflationary pressures. States closer to these facilities experience lower inflation due to reduced distribution costs. This suggests that policies aimed at partial subsidization for states farther from key infrastructure could mitigate regional inflation disparities. The findings contribute to the understanding of inflation dynamics, emphasizing the need for targeted policy interventions tailored to regional economic conditions in Nigeria.