scholarly journals Performance analysis of Reverse and Frugal Innovations in Nigeria A Case Study of IVM automobile company

2021 ◽  
Vol 23 ◽  
pp. 591-625
Author(s):  
Bridget Chipanje ◽  
Dong Ying ◽  
Lv Haiping
Keyword(s):  
West Africa ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Developing Economies ◽  
Influencing Factor ◽  
Developed Countries ◽  
West African ◽  
Reverse Innovation ◽  
Frugal Innovation ◽  
Frugal Innovations

Nigeria which is considered as the ‘giant’ of Africa and is currently the largest economy in West Africa is also fast becoming the largest economy in the entire Africa. The country is in the process of developing a broader base for her economy which for many years has been reliant on oil and gas and non-renewable fossil fuels which are already saturated. However, the country has many other natural resources, and one of the major companies in the “non-oil” economy is the Innoson Vehicles and Motors (IVM) in Nigeria. In recent decades, many West African companies, including IVM, have begun to accept the need for innovation if they are to sell their products to a wider market and to increase exports. Noteworthy to companies in West Africa are Reverse Innovation and Frugal Innovation. This research observes the interaction these two forms of innovation adopts, innovation, and the ways in which they have been accepted by the IVM and their supply chain. There are three stages of management considered in this research (Macro; Directors and Educational Advisors Managers, members of this level precipitate policies that advance the economy and business inside the company. Meso; Senior Management at the production unit in the IVM, and Micro; The Organizational Supervisors of manufacturing and distribution). To achieve the purpose of this research, several personnel’s at the three different levels of management were interviewed about their understanding of the terms and the application of Reverse and Frugal innovations in their experience. A total of 20 interviews (each lasting 15-20 minutes) were carried out, 8 at the Macro level, 5 Meso level and 7 at the Micro level. This led to a discovery that West African businesses found Reverse Innovation and Frugal very satisfactory, and inherent, should it be that the economic proliferation designed is continued. The study, by analyzing their opinions concerning the drivers and limitations of Reverse Innovation and Frugal Innovation, has successfully generated a framework for R&F innovations which establishments in other developing economies seeking to proliferate their exports back to the developed countries might find beneficial. Finally, sustainability is also seen as an underlying influencing factor throughout the research.

scholarly journals Assessment of undiscovered oil and gas resources of the West African Costal Province, West Africa

Fact Sheet ◽  
2011 ◽  
Author(s):  
Michael E. Brownfield ◽  
Ronald R. Charpentier ◽  
Christopher J. Schenk ◽  
Timothy R. Klett ◽  
Troy A. Cook ◽  
...  
Keyword(s):  
West Africa ◽  
Oil And Gas ◽  
West African ◽  
The West ◽  
Oil And Gas Resources

scholarly journals New Findings on Food Security, Climate Change and Income Growth in West African Countries: P-VAR Approach

2016 ◽  
Vol 12 (31) ◽  
pp. 241
Author(s):  
Olabode Philip Olofin
Keyword(s):  
Climate Change ◽  
Food Security ◽  
West Africa ◽  
Fossil Fuels ◽  
Agricultural Sector ◽  
West African ◽  
Income Growth ◽  
Panel Var ◽  
African Countries ◽  
New Findings

This paper examines empirically the interaction among per capita income growth, climate change and food security in fifteen West African Countries. We employ Panel VAR (PVAR) techniques on annual secondary data obtained from the World Development Indicator (WDI) between 1990 and 2013. The PVAR approach allows us to address the endogeneity problem by allowing the endogenous interaction among the variables in the system. Our results provide evidence of income growth spurring food security in the short run and reducing it in the long run, while climate change increased food insecurity throughout in West Africa. The study suggests that climate change is a necessary variable that needs to be controlled if food security is a desired goal in West Africa and that more priority should be given to agricultural sector in economic growth. Also, the leaders in West Africa should embrace a judicious and dynamic energy mix that will allow renewable sources to replace fossil fuels.

scholarly journals The search for the holy grail: frugal innovation in healthcare from low-income or middle-income countries for reverse innovation to developed countries

2017 ◽  
Vol 3 (4) ◽  
pp. 212-220 ◽  
Author(s):  
Yasser A Bhatti ◽  
Matthew Prime ◽  
Matthew Harris ◽  
Hester Wadge ◽  
Julie McQueen ◽  
...  
Keyword(s):  
Low Income ◽  
Developed Countries ◽  
Reverse Innovation ◽  
Holy Grail ◽  
Middle Income ◽  
Frugal Innovation ◽  
Middle Income Countries

scholarly journals Regional Institutions as Bypasses of States in the Provision of Public Goods: The Case of West Africa

AJIL Unbound ◽  
2017 ◽  
Vol 111 ◽  
pp. 247-251
Author(s):  
Edefe Ojomo
Keyword(s):  
West Africa ◽  
Public Goods ◽  
Developed Countries ◽  
West African ◽  
Economic Community ◽  
Least Developed Countries ◽  
Regional Institutions ◽  
State Institutions ◽  
National Capacity ◽  
Governance Roles

The idea of “West Africa” encompasses a medley of countries with diverse historical, political, and cultural features. However, their governance and development profiles are distinctly similar: the United Nations recognizes eleven of the fifteen members of the Economic Community of West African States (ECOWAS) as least developed countries. In this context, regional institutions are usually established to strengthen state capacity by providing resources to address national capacity deficits. Above all, they serve as systems of support that are supplementary to state institutions with distinct governance roles. However, regional institutions can—and should—play a second role: serving as alternatives to weak or fragile state institutions that are deficient in the supply of different public goods. By performing this second role, regional arrangements become international institutional bypasses.

Prospects of ocean-based renewable energy for West Africa’s sustainable energy future

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ayokunle Adesanya ◽  
Sanjay Misra ◽  
Rytis Maskeliunas ◽  
Robertas Damasevicius
Keyword(s):  
Renewable Energy ◽  
West Africa ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Ocean Energy ◽  
African Region ◽  
The West ◽  
Content Type

PurposeThe limited supply of fossil fuels, constant rise in the demand of energy and the importance of reducing greenhouse emissions have brought the adoption of renewable energy sources for generation of electrical power. One of these sources that has the potential to supply the world’s energy needs is the ocean. Currently, ocean in West African region is mostly utilized for the extraction of oil and gas from the continental shelf. However, this resource is depleting, and the adaptation of ocean energy could be of major importance. The purpose of this paper is to discuss the possibilities of ocean-based renewable energy (OBRE) and analyze the economic impact of adapting an ocean energy using a thermal gradient (OTEC) approach for energy generation.Design/methodology/approachThe analysis is conducted from the perspective of cost, energy security and environmental protection.FindingsThis study shows that adapting ocean energy in the West Africa region can significantly produce the energy needed to match the rising energy demands for sustainable development of Nigeria. Although the transition toward using OBRE will incur high capital cost at the initial stage, eventually, it will lead to a cost-effective generation, transmission, environmental improvement and stable energy supply to match demand when compared with the conventional mode of generation in West Africa.Practical implicationsThis study will be helpful in determining the feasibility, performance, issues and environmental effects related to the generation and transmission of OBRE in the West Africa region.Originality/valueThe study will contribute toward analysis of the opportunities for adopting renewable energy sources and increasing energy sustainability for the West Africa coast regions.

Mineral Resource Policy Harmonisation in West Africa

2018 ◽  
Vol 7 (1) ◽  
pp. 134-168
Author(s):  
Chilenye Nwapi
Keyword(s):  
Mineral Resource ◽  
West Africa ◽  
Oil And Gas ◽  
West African ◽  
Economic And Monetary Union ◽  
Local Content ◽  
Resource Policy ◽  
Policy Harmonisation ◽  
Supranational Institutions ◽  
State Cooperation

This article critiques the mineral resource policy harmonisation strategies adopted by supranational institutions in West Africa, focusing on local content/procurement and fiscal policy/taxation. Although minerals are sometimes defined to cover both mining and oil and gas, the article focuses on policies related to mining. It views West Africa’s mineral resource policy harmonisation strategies relating to local content and taxation as an attempt to standardise the rules and practices among individual States. Standardisation is particularly strong within the West African Economic and Monetary Union, which requires its member States to domesticate its harmonisation texts without modification. The article argues for a shift from enacting binding supranational rules governing substantive issues (such as the type of local content requirements to be adopted and the fixing of tax and royalty rates) towards rules that promote inter-State cooperation and sharing of information. This would give States sufficient latitude to tailor supranational initiatives to local needs.

scholarly journals Cross-Country Analysis of Energy Subsidies Efficiency

2019 ◽  
Vol 12 (5) ◽  
pp. 101-110
Author(s):  
A. K. Karayev ◽  
V. V. Ponkratov
Keyword(s):  
Empirical Model ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Developing Economies ◽  
Public Support ◽  
Oil Extraction ◽  
Energy Subsidies ◽  
The Usa ◽  
Country Analysis ◽  
Cross Country

The subject of the research is energy subsidies of states for fossil fuels that remain high, which constitutes according to IMF 6.5% of the world GDP and is used by many states as an important instrument for agriculture and industry development, for job creation, as well as for energy safeguarding. However, energy subsidies often cause energy overconsumption, natural resources exhaustion acceleration and decrease stimuli for investments into green power engineering and renewable energy, which resulted in the 2009 agreement of G20 countries to start stage-by stage reducing fossil fuels subsidies.The purpose of the article is developing a model for quantitative assessment of oil extraction public support. On the basis of the empirical model developed, a cross-country analysis of comparative oil extraction public support efficiency in five countries (three of them developed economies: the USA, Canada, Norway; two countries with developing economies and emerging markets: Brazil, Russia) in 2000–2017 using analysis of the functioning surroundings Data Envelopment Analysis (DEA) that allows to uncover not only technical, but also cost effectiveness of budgetary oil extraction support. The data for the empirical model are selected from the statistical database of OECD.The results obtained demonstrate that the intensifying of oil and gas sector development practically does not correlate with public policy actions in Russia, and urgent measures to eliminate ineffective energy subsidies are necessary. 

Global Economic Crisis of 2008-2009: Sources and Roots

2009 ◽  
pp. 18-31
Author(s):  
G. Rapoport ◽  
A. Guerts
Keyword(s):  
Oil And Gas ◽  
Trade Deficit ◽  
Developed Countries ◽  
The Other ◽  
Energy Resources ◽  
Market Mechanisms ◽  
Production Output ◽  
The One ◽  
To Receive ◽  
Partial Destruction

In the article the global crisis of 2008-2009 is considered as superposition of a few regional crises that occurred simultaneously but for different reasons. However, they have something in common: developed countries tend to maintain a strong level of social security without increasing the real production output. On the one hand, this policy has resulted in trade deficit and partial destruction of market mechanisms. On the other hand, it has clashed with the desire of several oil and gas exporting countries to receive an exclusive price for their energy resources.

The Coin of the African Realm

2017 ◽  
Author(s):  
Jeffrey Herbst
Keyword(s):  
Twentieth Century ◽  
West Africa ◽  
West African ◽  
Regional Economies ◽  
African Countries ◽  
New Strategies

This chapter examines the politics of the currency in West Africa from the beginning of the twentieth century. A public series of debates over the nature of the currency occurred in West Africa during both the colonial and independence periods. Since 1983, West African countries have been pioneers in Africa in developing new strategies to combat overvaluation of the currency and reduce the control of government over the currency supply. The chapter charts the evolution of West African currencies as boundaries and explores their relationship to state consolidation. It shows that leaders in African capitals managed to make the units they ruled increasingly distinct from the international and regional economies, but the greater salience of the currency did not end up promoting state consolidation. Rather, winning the ability to determine the value of the currency led to a series of disastrous decisions that severely weakened the states themselves.

Power Generation for India with Higher Efficiency

2018 ◽  
Vol 6 (7) ◽  
pp. 267
Author(s):  
Umeshkannan P ◽  
Muthurajan KG
Keyword(s):  
Power Generation ◽  
Objective Function ◽  
Fossil Fuels ◽  
Programming Model ◽  
Developed Countries ◽  
Power Requirement ◽  
Average Efficiency ◽  
Potential Demand ◽  
The Developed Countries ◽  
Developed Nations

The developed countries are consuming more amount of energy in all forms including electricity continuously with advanced technologies.  Developing  nation’s  energy usage trend rises quickly but very less in comparison with their population and  their  method of generating power is not  seems  to  be  as  advanced  as  developed  nations. The   objective   function   of   this   linear   programming model is to maximize the average efficiency of power generation inIndia for 2020 by giving preference to energy efficient technologies. This model is subjected to various constraints like potential, demand, running cost and Hydrogen / Carbon ratio, isolated load, emission and already installed capacities. Tora package is used to solve this linear program. Coal,  Gas,  Hydro  and  Nuclear  sources can are  supply around 87 %  of  power  requirement .  It’s concluded that we can produce power  at  overall  efficiency  of  37%  while  meeting  a  huge demand  of  13,00,000  GWh  of  electricity.  The objective function shows the scenario of highaverage efficiency with presence of 9% renewables. Maximum value   is   restricted   by   low   renewable   source’s efficiencies, emission constraints on fossil fuels and cost restriction on some of efficient technologies. This    model    shows    that    maximum    18%    of    total requirement   can   be   met   by   renewable itself which reduces average efficiency to 35.8%.   Improving technologies  of  renewable  sources  and  necessary  capacity addition  to  them in  regular  interval  will  enhance  their  role and existence against fossil fuels in future. The work involves conceptualizing, modeling, gathering information for data’s to be used in model for problem solving and presenting different scenarios for same objective.

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