Berkeley Journal of Management Science & Entrepreneurship (BJMSE) (Vol. 10 No. 7)


BERKELEY PUBLICATIONS INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE & ENTREPRENEURSHIP (IJMSE) (VOL. 10 NO. 7)

ISSN: 1098-5331 SEPTEMBER, 2019

 

Published by:

Berkeley Research and Publications International,

Bayero University, Kano, PMB 3011, Kano State, Nigeria.

Nigeria, West-Africa. +234-708-717-3247

Email: berkeleynigeriapublications@gmail.com

 

PAPERS:


 

TECHNOLOGICAL INNOVATION AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN ABEOKUTA, NIGERIA

 

*SAMUEL TAIWO AKINYELE **ESTHER FEYISAYO AKINYELE *FAITHCITY, IGBESA, NIGERIA & PAUL TEMITOPE OYELARAN,

*Dept. Of Entrepreneurial Studies. College of Management Sciences, Federal University of Agriculture, Abeokuta, Nigeria. **Dept. of Business Administration, Crawford University, 

ABSTRACT

This research aims to analyze the impact played by technological innovation on SMEs growth in Abeokuta North Local Government Area by investigating various types of SMEs (service provider, manufacturing and distributors/suppliers). A well-structured questionnaire was used to collate data from the respondents. The method of analysis that was adopted test statistic for the hypothesis was multiple regression and correlation analysis. Hypothesis one shows Fcal 14.016 at 0.000 significance level, hypothesis two reveals online marketing has a positive significant relationship on sales volume i.e. since our P value (0.000) is less than 0.05, hypothesis three tells us that there exist a positive and significant relationship between Social media and Customer base with r value = 0.109 (10.9%) finally, hypothesis three showed that there exist a positive and significant relationship between E-customer relationship management and Retaining customers with r value = 0.461 (46.1%). The result of the analysis showed that technological innovation has a direct (positive) relationship with SMEs growth. The study shows that there is a significant relationship between technological innovation and SMEs growth and also reveals some recommendations on how to improve the growth of SMEs.

Keywords: Service providers, Growth of SMEs, Distibutors/Suppliers, Online Marketing, Technological innovation.

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TREASURY SINGLE ACCOUNT: A TOOL FOR REVENUE GENERATION AND CONTROL IN NIGERIAN PUBLIC SECTOR

 

1PATRICIA ONYEMOWO AGBO 2SARATU LASSA JIM SULEIMAN (PH.D.) AND 3PROF. AMBROSE A. OKWOLI

1Department of Banking and Finance, University of Jos; 2,3Department of Accounting, University of Jos

ABSTRACT

Treasury Single Account policy is a Public Financial Management reform under the world bank that came into full force in Nigeria in the year 2015, this was aimed at addressing impediments to effective cash management within the Federal Government. The objective of this study is to examine the effect of treasury single account policy on the revenue generated since its inception in Nigeria. The survey research design was adopted in the study. The staff of Accountant General’s office, Auditor General’s office, Central Bank of Nigeria and the Federal Ministry of Finance served as the population of study of which a sample of 228 was determined and copies of the questionnaire were accordingly administered them through judgmental sampling technique. Data collected were analysed using Linear Regression analysis. From the analysis, it was revealed that the Treasury Single Account has significant positive effect on revenue generation. The implication of this to government is that funds are remitted timely. Giving a consolidated cash position at any point in time, effective allocation of funds is enhanced. In view of this, it is recommended that the Federal Government should intensify its efforts on ensuring successful and wholistic implementation of the TSA policy in the three tiers of government for the purpose of enhancing increases in Internally Generated Revenue (IGR), reduction in ways and means of charges while seeking for urgent ways and guidelines for the investment of funds for the betterment of the Nigerian populace.

Keywords: Treasury Single Account, Revenue, Revenue Generation, Public financial Management, Public Sector

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THE MEDIATING EFFECT OF LEVERAGE ON THE RELATIONSHIP BETWEEN GROWTH AND FIRMS’ PERFORMANCE: A REVIEW

 

SHUKURAT MORONKE BELLO, PH.D. AND AHMAD ADAMU IBRAHIM

Department of Business Administration and Entrepreneurship Bayero University Kano, Nigeria

ABSTRACT

The growth and performance of companies constitutes central topic of interest to a variety of interest groups. Firm performance and growth are considered as significant construct in strategic management research and support managers inincreasing the success level of their companies. Leverage measure show much firm uses equity and debt to finance its assets; as the better mixture of capital is the oil that lubricates performance and growth. Thus, this paper aims to examine the mediating effect of leverage on the relationship between growth and performance of firms. The methodology of this study is a desk research basically from secondary information through various articles, journals and website. The study proposed an econometrics regression models to test the mediating effect of leverage on the relationship between growth and performance of firms. From the literature review, we conclude that sales growth, assets growth and profit growth influence the performance of firms if proper mix of leverage is utilized.

Keywords: Growth; Firms’ Performance; Leverage; Nigeria

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CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: PRAGMATIC EVIDENCE FROM NIGERIAN BANKS

 

*OYEDELE, OLORUNTOBA (PHD), **OYENIYI, K. O & ***ADEJUMO D. A

*Department of Accounting and Finance, Ajayi Crowther University, Oyo, Nigeria **Department of Business Administration and Management, Osun State Polytechnic, Ire, Nigeria ***Department of Marketing, Osun State Polytechnic, ire, Nigeria

ABSTRACT

The study examine the influence of CSR on the performance of Nigerian banks with particular reference to the selected banks. Purposive sampling technique was used to select 10 branch managers each of Zenith bank, Guaranty bank, First bank, Access bank and United Bank for Africa respectively totaling 50 respondents as a sample for the study. Data instrument for this study was structured closed ended questionnaire designed by the researchers for the study. Data analysis was performed with the aid of descriptive statistics, factor analysis, and linear regression. The study established that Nigerian banks recognized the importance of CSR and they are doing their obligations to the stakeholders, both internal and external as well as society at large. The study also confirmed that adoption of CSR by Nigerian banks was influenced by to meet the demands and expectations of other stakeholders, to serve as a source of competitive advantage and to comply with government policies. Subsequently, the study recommended that CSR should be seen by Nigerian banks as social obligations business concerns owe their shareholders, the host community, general public, customers, employees and the government in the course of operating their legitimate businesses.

Keywords: Corporate Social Responsibility, Nigerian Banks, Performance, Stakeholder Development

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REGULATORY RESERVE RATIO AND PROFITABILITY OF TIER 1 DEPOSIT MONEY BANKS IN NIGERIA

 

*NWACHUKWU KINGSLEY & **KANANG AKIMS   PHD

*Department of Banking and Finance, University of Jos **Department of Economics, University of Jos

ABSTRACT

This study examines the relationship between Regulatory cash reserve ratio (CRR) and the profitability of Tier 1 Nigerian Deposit Money Banks. Regulatory Cash Reserve Ratio is the percentage of total deposits that Banks are required to keep with Central Bank. Serious concerns continue to be raised about the health and financial soundness of the Nigerian Banking System. Of particular concern is the liquidity position of the Nigerian Deposit Money Banks. For Banks to be profitable, there has to be sufficient supply of funds which invariably allows the Banks to increase lending activities and investment in financial assets, hence, more income for the Banks. Changes in the CRR affects this money supply. This hold true especially for the five Nigerian Tier 1 Banks. They are Systematically Important Banks (SIB) who control over half of the entire banking total assets and sixty percent (60%) of the entire credit supply from the Nigerian banking system. Data for the study was extracted from the Annual Financial reports of the DMBs and CBN statistical bulletins on CRR for the period (2009-2017). Descriptive statistics and Panel regression estimation was employed to analyse the data using OLS regression Model. Before estimation of the model, multiple diagnostic tests were carried out to check for the robustness and reliability of the data. Findings reveals that cash reserve ratio has a positive effect on net operating profits and return on assets, but a negative and insignificant effect on the earnings per share of Tier 1 deposit banks. The study recommends that the Monetary Policy Committee (MPC) should set differential cash reserve ratio (CRR) for Tier 1 Banks and others Banks in order to make more funds available to SIBs for advancing credit and investing in the economy for growth and development. In addition, a single rate CRR regime, both for private and public deposits, to allow consistency and free up more public sector deposit for lending. Furthermore, government, through the CBN, should set lending rate at optimum level as these would help to boost credit expansion, money supply and invariably, profitability of Deposit Money Banks in Nigeria. The Deposit Money Banks should harvest other alternative avenues of Money supply that do not come from customers deposits. Investment Banking, Pension fund management and Assets Management are other bespoke avenues that can be expanded to increase profitability.

Keywords: Cash Reserve Ratio, Earnings per Share, Return on Asset, Deposit Money Banks, Profitability

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EFFECTS OF FIRM CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED INSURANCE COMPANIES; EVIDENCE FROM NIGERIA.

 

*AHMED A. ABUBAKAR (PHD) (FCA), PETER TERU (PHD) AND HYELLAKI JAVAN

*Department of Accounting, Adamawa State University, Mubi-Nigeria.

 

ABSTRACT

This study examined the effect of firm characteristics on financial performance of listed insurance companies in Nigeria from 2010-2018. The study used panel data generated from the annual reports of the twelve (12) listed insurance companies that were selected in Nigeria. There are several aspects and dimensions of firm characteristics, which may influence the financial performance of companies but this study focused on two aspect of firm characteristics namely, Premium Growth Rate (PGR) and Firm Size (FSZ), while the Return on Asset (ROA) is the surrogate for the financial performance. The structured panel data collected were analyzed using the multiple regression and correlation techniques in accordance with the research objectives. The analysis of the data revealed that; Firm size has positive and significant effect on the financial performance of listed insurance companies in Nigeria while premium growth rate has negative and significant effect on the financial performance of listed insurance companies in Nigeria. Based on these findings, the following recommendations are made; The growing influence of the increased size of business is likely to result in operational inefficiency as managers may find it difficult to manage the affairs of their insurance outfits. Management of insurance companies and policy makers are therefore expected to utilize the resources effectively in pursuing growth objectives and at the same time delivering their service in order to improve the performance of the insurance firms. The insurance firms in Nigeria should diversify their investment drives to other profitable areas based on the existing business activities and not to be deceived by the misleading objective of increasing premium growth at the detriment of investment opportunities that are capable of improving the performance of the insurance firms.

Keywords; Firm characteristics, Financial Performance, Insurance Companies.

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LIFE INSURANCE PERFORMANCE INDICATORS AND GROWTH OF LIFE INSURANCE BUSINESS IN NIGERIA; A PRE AND POST CONSOLIDATION ANALYSIS (1991 – 2018)

 

1EHIOGU CHIZOBA P. Ph.D, ACIIN & 2DIM, HENRY C.

1Department of Insurance and Actuarial Science, Imo State University, P.M.B. 2000 Owerri, Imo State – Nigeria. 2Departmentof Insurance, Enugu State University of Science and Technology, Enugu Nigeria.

 

ABSTRACT

This study investigated the effect of life insurance performance indicators on the growth of life insurance business in Nigeria; a pre and post consolidation (1991 to 2018). Ex-post-facto research design was adopted since we do not have control over the variables of interest. The data for the study were mainly secondary data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2017 edition and the National Insurance Commission (NAICOM) Statement of Accounts for various years. The Ordinary Least Square Regression technique was used to test the hypotheses of the study. Major findings from the study revealed that the 2005 consolidation and recapitalization exercise in the insurance industry caused a significant structural break in insurance business growth trend. Life insurance density was negative prior to the consolidation but it turned positive after the exercise though with a very low coefficient. However, life insurance claims, assets and investments still showed negative relationships with life insurance penetration even after the consolidation exercise since 2005. The study concluded that life insurance performance indicators have not had the desired positive relationship with life insurance business growth and in particular, life insurance density in Nigeria has been very low compared to other developing countries of the world and in Africa in particular. It was recommended that the insurance industry should work directly to regain trust by ensuring speedy settlement of genuine claims on life policies even when the policyholders are incapacitated or not aware of such claims given the negative and insignificant relationship of life claims with life insurance business penetration in the post consolidation period.

Keywords: Life Insurance, Performance, Indicators, Growth, Consolidation

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IMPLICATIONS OF NATIONAL HEALTH INSURANCE IN NIGERIA: A SYSTEMATIC REVIEW

 

INUWA ABDU IBRAHIM

Department of Public Administration, Federal Polytechnic Bauchi, Nigeria

 

ABSTRACT

To assess the implications of the Social Health Insurance /National Health Insurance (SHI/NHI), the research carried out an organized/systematic review of several peer-reviewed literatures. A search was conducted using both Google scholar as well as Google search engine for relevant literatures spanning five (5) years – 2013 to 2018. Thirteen (13) studies consisting of thirteen (12) qualitative studies and one (1) quantitative research were used in the study. A qualitative approach was adopted for the review of the literatures. Most of the studies reported on several variables; such as high financial protection and improved healthcare access, while others showed mixed results and that of low quality access. The implications observed in the review shows that workforce of the formal sector benefit from the programme to the exclusion of the informal sector workforce. Government must ensure that the poor are captured into the SHI if Nigeria is to promote universal healthcare coverage.

Keywords: Consumers, Implications, NHI, Nigeria

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INSTINCTS THAT ENHANCES BOSS/SECRETARY RELATIONSHIP IN THE WORK –PLACE IN SELECTED BUSINESS ORGANIZATIONS IN ABIA STATE

 

INNOCENT, GLORY CHIMNECHETAM

Department of Office Technology and Management, School of Management Sciences, Federal Polytechnic, Ekowe, Bayelsa State, Nigeria.

 

ABSTRACT

The study focused on identifying the major instincts/factors that motivates a strong relationship between a Boss and Secretary in the work place. The population of the study consisted of 60 secretarial staff. There was no sample, drawn from the study, the whole population was used. Four research questions were formulated which guided the study. There was no hypothesis, A 21-Item structured questionnaire was developed, validated and tested for its reliability. Percentages and frequencies were used to answer the research questions. The major findings of the research were:- 1.Partnership or Deputizing a boss motivates or enhances a stronger instinct between the boss and secretary in the work-place. 2. The secretary’s role in organizing her boss schedule of daily duties enhances a stronger relationship. 3. A secretary’s tactfulness and the way she psychologies callers and irate human beings enhances their cordial relationship and The secretary’s instinct in organizing or achieving his boss or executives objectives matters alot. It was concluded that some secretaries encounter lots of problems, examples lack of settlement on the job, lack of motivation and satisfaction, they are being disparaged in decision making in management team.Insufficient supply of modern gadgets in the office.Bosses likes secretaries that are resourceful in their ability to execute mature judgement. It was recommended that secretaries with proficiency in exhibiting their skills should be considered. Bosses in-turn should employ secretaries with the ability to communicate. Possessions of pleasant manner, being polite and tactful, punctual to duty posts, Psychology initiatives. All this factors enhances a strong and solid cordial relationship amidst a Boss and Secretary.

Keywords; Boss, Secretary, Motivation, Relationship, work-place, Tactful and communication.

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EFFECT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF NIGERIAN PETROLEUM RETAIL FIRM

 

1ODETAYO T.A. AND 2*ADEGBITE I.O.

1Department of Accountancy, Osun State Polythechnic, Iree, Nigeria 2*Department of Statistics, Osun State Polythechnic, Iree, Nigeria.

 

ABSTRACT

This study focuses on the accounting and financial statement analysis perspective of working capital, which focuses on current assets and current liabilities measured on the balance sheet. The study examined the effect of working capital management on organization performance of entire MRS Oil and Gas listed in the Nigerian Stock Exchange as at 2012 – 2016. Multiple regression analysis was employed to determine the relationship between working capital management and organizational performance of MRS Oil and Gas Plc and its effect. The findings depict that the most important Working Capital Management componenst that drives the firm’s profitability measured in Return on Asset are combination of Cash Conversion Circle, Average Days of Inventory, Average Day Receivable and Average Day Payable (ADP).  However, singularity each component is not statistically significant enough to influence profitability.  It is recommended that the company should take every working variable as significant since their combined effort are needed for organisation performance.

Keywords: Inventory, Asset, Working Capital, Profitability and Liabilities

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INFLUENCE OF WORK OVERLOAD ON EMPLOYEES PERFORMANCE

 

NDIFE, CHINELO FRANCA (Ph.D)

Department of Business Administration, Federal Polytechnic Oko, Anambra State, Nigeria

 

ABSTRACT

This study seeks to ascertain the influence of work overload on performance of private secondary school teachers in Anambra State. The study was a survey which elicited opinions of staff of private secondary schools in Anambra State, Nigeria. The study selected at random 350 teachers from 20 selected private schools in Anambra State. Private schools were chosen because of the ease of access, as well as their perceived work overload. The Chi square test of independence was used to test the various hypotheses at 5% level of significance. The results reveal that there is significant association between work overload and employees job satisfaction. The result also shows that there is significant association between work overload and employee’s performance and staff turnover respectively.  The study therefore concludes that work overload has significant association with performance in private secondary schools in Anambra State, Nigeria. This study therefore recommends that private schools should give an optimum workload, to their employees, especially as prescribed by Federal and State Ministry of Educations respectively so as to reduce turnover intentions of staff, increase job satisfaction and improve performance of staff.

Keywords: Work Overload, Job Satisfaction, Staff Turnover, Performance, Private Schools.

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HUMAN RESOURCE MANAGEMENT AND EMPLOYEE PERFORMANCE IN THE HOSPITALITY INDUSTRY IN PORT HARCOURT

 

NYONE CLIFFORD BARITULE & EKOH SUNDAY N.

Department of Office Technology, Faculty of Management Sciences, Ken Saro Wiwa Polytechnic, Bori, Rivers State.

 

ABSTRACT

Human resource management plays an important role to ensure the availability of right people for the right position and guiding them to achieving successful organizational outcomes. The purpose of this study was to study the relationship between human resources management practices and employee performance in hotel industry in Port Harcourt. The sample of this study was the 216 employees of five star, four star, and three star hotels in Port Harcourt. For this purpose survey method was used by questionnaire as instrument for data collection. For research method, Statistical Package for the Social Sciences (SPSS, Version 20) was used to analyze data. In this study, correlation analysis method is used to analysis the correlation between independent variables and dependent variable. The research results have shown that hotels in Port Harcourt have high implementation in human resource management at current stage. Meanwhile, job security, salary increase, financial reward and promotion significantly influence employee performance. Furthermore it was found out that employee supported company policies that ensured that employee efforts are supported by management. This study, in conclusion emphasizes the need for hotels to exercise fair reward and motivation systems for their staff to promote their performance.

Keywords: Human Resource Management, Employee Performance, Hospitality Industry.

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IMPACT OF AGRICULTURAL POLICIES ON UNEMPLOYMENT REDUCTION: A CASE OF SUPPLY OF COMPOST FERTILIZER IN ZARIA METROPOLIS, KADUNA STATE, NIGERIA.

 

MUHAMMAD SULAIMAN

Department of Economics, School of Secondary Education, Arts and Social Sciences, Federal College of Education, Zaria.

 

ABSTRACT

Agriculture is the largest sector in the Nigerian economy employing more than 70% of the labour force and has continued to be the major macroeconomic objectives of the government. Unemployment are of different types, such as frictional, cyclical, structural etc. Several efforts were made by the past and present governments in Nigeria to provide an enabling environment for income and employment generation among Nigerians, including Operation Feed the Nation in 1976, Poverty Alleviation Program in 2000, Presidential Fertiliser Initiative in 2016 but yet unemployment rate is on the rise. The rate increased from 17.6 million in Q4 2017 to 23.1 in Q3, 2018. It is a known fact that, land fertility is one of the key requirements for good agricultural practice and it can be improved in case of deficiency with compost fertilizers. The act of making compost fertilizer is called composting. The study was aimed to describe how composting and its related activities were carried out; how income, profitability, and employment are generated among respondents in the study area. Purposive selection of respondents, an interview method, Descriptive Statistics and Cost and Revenue Analysis were employed for the analysis of this study. It was learned that for every N1 invested, N3.44k was realized by composting respondent while 47 Kobo for every N1 invested by middleman respondent in the study area as profit. It was also found that composting and its related activities generated income and employment for an average number of 14 persons and for every 250 bags supplied.

Keywords: Composting, Compost Fertilizer, Employment, Profit and Unemployment.

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IMPACT OF RURAL FINANCIAL MARKET ON CAPITAL FORMATION IN NIGERIA (1991 – 2018)

 

ISERE VICTORIA OSHUARE MERAB.

 

ABSTRACT

This paper looked at the impact of rural financial market on capital formation in Nigeria.  Rural financial markets was proxied by value added to agriculture and commercial banks credit as direct data for these were not available due to the highly informal natural of real rural financial markets in Nigeria. Times series data was analyzed on e-views and it was revealed that savings is very important for rural financial markets survival and for the survival of the ruralists.  Two models were developed to analyze the impact of VADA, ALSO, SVG, CMTYCR, and CBCR on capital formations as well as the impact of CMTYCR, SVG, CBCR, and ASLO on VADA.  The paper recommends the creation of ‘osusu’ banks in rural areas while encouraging savers with incentives during the different farming seasons of land preparations and harvesting.

Keywords: rural finance, capital formation, financial markets, value added

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ORGANIZATIONAL BEHAVIOUR AND MANPOWER PERFORMANCE IN THE PUBLIC SECTOR: A MULTI DIMENSIONAL APPROACH TO TOURISM AND HOSPITALITY MANAGEMENT IN NIGERIA

 

*HUSSEINI ADAMU HUSSEINI **JAMILA WAZIRI MOHAMMED ***SIRAJO ADO JAHUN ***INUWA ABDU IBRAHIM

*General Studies Department, Federal Polytechnic Bauchi **Hospitality Management Department, Federal Polytechnic Bauchi ***Public Administration Department, Federal Polytechnic Bauchi

 

ABSTRACT

The frame of mind of employees or manpower remains imperative to public administration. It is the attitudes; actions and or inactions of workers that determines the successes or otherwise of public sector organizations. Management of public sector workers in the tourism and hospitality sector is necessary for maintainable progress in the industry. This journal article is an attempt at analyzing secondary data towards undertaking a qualitative-conceptual research from a multi-dimensional perspective. It evaluates the significance of manpower administration in developing tourism and hospitality management in the country. The article asserts that manpower management is undeniably dynamic in positive organizational behavior and progress of the industry Nigeria. Part of the recommendations is training and retraining, and standardization of the industries. These will advance professional organizational behavior and manpower performance.

Keywords: Hospitality Management, Public Administration, Organizational Behaviour, Tourism, Nigeria

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STUDY OF FACTORS AFFECTING THE GROWTH OF SMALL SCALE BUSINESSES IN IGABI LOCAL GOVERNMENT AREA OF KADUNA STATE, NIGERIA

 

OLATUNJI TUNDE EZEKIEL DAUDA A. ABUBAKAR, BELLO TAOFIK, BANNAH D. BULUS, UMAR SHEHU AND PRISCILIA ALKALI

Directorate of Academic Planning, Nigeria Institute of Leather and Science Technology, Zaria.

 

ABSTRACT

The study investigates into the problems militating against the growth and development of small scale business in Igabi Local Government Area of Kaduna State.  The population for the study consisted of small businesses located in ten towns in Igabi Local Government Area of Kaduna State, Nigeria. This study was conducted in order to identify and quantify factors that are responsible for the high rate of failure in SMEs in the area. The study was based on a stratified random sample of size n=10. Stratified random sampling was used for collecting data by using a structured, pre-tested and validated questionnaire of study. A combination of quantitative and qualitative methods of data collection and analyses were used in the study. The variables used for quantitative analysis were socioeconomic variables that were associated with the viability of SMEs operating in Igabi Local Government. Statistical analyses were performed by applying standard methods such as descriptive analyses, exploratory methods, one and two-sample tests on the mean and proportion, Pearson’s chi-square tests of associations among pairs of categorical variables, and factor analysis. Eigen values estimated from factor analysis were used as a measure of effect. The study showed that viability in small and medium-sized enterprises in Igabi Local Government Area was adversely influenced by three factors. These three factors were: difficulty in securing loans, lack of training opportunities, and shortage of entrepreneurial skills, in a decreasing order of strength. Results obtained from in-depth interviews showed that difficulty in securing loans on favourable terms from micro lending institutions was a key obstacle among SMEs operating in the Igabi Local Government Area. Recommendations were made which include the need for the Central Bank of Nigeria to reduce the interest rates so as to enable business owners’ better access to loan facilities.

Keywords: Entrepreneurial skills, Small Businesses, Growth, Loan, Mentoring

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IMPERATIVENESS OF JOB SUPERVISION AND TASK IMPLEMENTATION AMONG THE LOWER CADRE WORKERS OF IMO STATE POLYTECHNIC, UMUAGWO-OHAJI

 

*VEN EGESI JONATHAN CHIDOMERE, *NWACHUKWU EMMANUEL C. & **IHEBOM SHARON EL-BENITA

*Imo State Polytechnic Umuagwo-Ohaji, P.M.B. 1472 Owerri – Nigeria **Alvan Ikoku Federal College of Education, Owerri

 

ABSTRACT

This work is on imperativeness of job supervision and task implementation among the lower cadre workers of Imo State Polytechnic, Umuagwo-Ohaji. Supervision plays an integral role in Job accomplishment. Over the years, subordinates have been know for abandoning responsibilities assigned them by their superoridinates and this leaves much to be desired as organizations crumble and fail to meet up with their stated goals and objectives; The above form the basis of this study. Various data collection techniques as oral interview, questionnaire, textbooks, journals and the internet were used. The symbolic interactionist theory was adopted for this study. The work concluded with the scholars stating that academicians are yet to recognize in full strength the link existing between managers and organizations and that the benefits therein are immense if they should realize it in earnest. 

Keywords: Job, Workers, Cadre, Task.

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A RE-EXAMINATION OF THE INFLATION-UNEMPLOYMENT TREND RELATIONSHIP ON PHILIP’S CURVE HYPOTHESIS: EVIDENCE OF NIGERIA

 

CHIMA CHIDI ILOABUCHI

Department Economics, Federal College of Education, Zaria, Kaduna State.

 

ABSTRACT

This paper posed to discuss the relationship between inflation and unemployment in Nigeria. The study employed the new Keynesian theories on annual time series data sampled from 1991-2017 to test for the trade-off relationship. The regression results were conducted using econometrics model. The result of the descriptive statistics confirmed with the existing literature of an inverse relationship existing between inflation and unemployment in Nigeria. The bound test result indicated statistically significant of the variables, that’ no long-run relationship exists between inflation and unemployment in Nigeria. This contradicts a vast majority of the existing literature on Philip’s curve hypotheses on the nature of the relationship existing among countries. As a result of the peculiarity in Nigeria’s economy where inflation and unemployment grow simultaneously and repels Philip’s law, we, therefore, submit that both monetary and fiscal policies should be adopted concurrently to achieve good results in Nigeria.

Keyword: Unemployment, Inflation, Econometrics methods, Jel Code:  E24, P44, C1,

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THE IMPACT OF ENTREPRENEURSHIP DEVELOPMENT IN TERTIARY INSTITUTIONS IN NIGERIA

 

*OMOROGIEVA, AGBONMWANRE. ANTHONY *ARIYO IGBEKELE ANTHONY **FRED ITOTAZIBA SUNDA *ASUQUO, ANIETIE. OFFONIME

*Department Of Business Administration and Management, Federal Polytechnic Ukana, Akwa Ibom State, Nigeria **Department of Accountancy, Federal Polytechnic Ukana, Akwa Ibom State, Nigeria

 

ABSTRACT

This paper examines how the development of entrepreneurship in tertiary institutions provide internal generated revenue (IGR).Most tertiary institutions in Nigeria have set up entrepreneurial centre’s across the country with the aim of generating internal funds in order to use in assisting government to finance the holistic entity of institution therefore, entrepreneurship development adoption across schools is to serve as relief to government expenditure, creating of jobs and the fostering of infrastructures and social amenities. This paper explain the needs for business development through entrepreneur centers as internal generated revenue in higher institutions, in a way of inculcating these skills in school curriculum an impacting the ideology on the students at various times, by so doing the students will have great zeal for self-employment. With the government focusing on entrepreneurship development in our tertiary institutions, one hopes that the next generation of Nigerian youths would not depend on what government can do for them to make a living but what they can do for themselves and contribute to the nation’s economic growth. The source of this paper is coin strictly on literature review from authors across the globe. The paper therefore concludes that all necessary logistics for adequate internally generated revenue must be put in place by the adoption of entrepreneurship development in tertiary institution in Nigeria.

Keywords: Entrepreneurship, Development, Impact and Tertiary Institution.

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ASSESSMENT OF PARENTAL INFLUENCE ON STUDENTS ENTREPRENEURSHIP EDUCATION IN SELECTED SECONDARY SCHOOLS, IN ZARIA METROPOLIS

 

KESTON BUKKY

 

ABSTRACT

The study is on the parental influence on students entrepreneur ship education in selected secondary schools in Zaria metropolis. The objectives of the study were to examine the assessment of parental influence on career choice of students entrepreneur ship education in selected secondary schools in Zaria metropolis and others, /-‘our research questions, four null hypotheses were formulated based on the objectives and they are what is the assessment of parental influence on career choice of students in entrepreneur ship education and others. Survey research design was used and the population of study includes 570 students and 344 teachers. The sample size -was determined using Nwana technique of percentage and simple random method. The sample size is 100 structured questionnaire was used using likert rating sale and content validity was used and oral interview. The reliability of the instrument was determined using Cronbach alpha and the reliability coefficient is . 984 T’ Test was used for testing the hypotheses en 0.05 significant level. The findings revealed that parents do not influence career choice of students in entrepreneurship education and also parents act as a role model to student entrepreneurship education. The recommendations of the study include parents should encourage students entrepreneurship education.

Keywords: Assessment, Parental, Students, Entrepreneurship, Education.

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REAL SECTOR GROWTH AND MICROFINANCE IN NIGERIA

 

MUSTAPHA ALI

Department of General Studies, Federal Polytechnic Damaturu, Yobe State, Nigeria.

 

ABSTRACT

Microfinance is a broad category of services, which includes microcredit. Microcredit is the provision of credit services to poor clients. While the words ‘microcredit’ and ‘microfinance’ are often used interchangeably, they have different resonances and are loosely attached to contrasting beliefs about the state of rural finance and the nature of poverty, (Robinson, 2001). Microfinance originated from the Franciscan monks in the 15th century, to the European Credit Union movement of the 19th century, down to the contemporary microfinance founded by Mohammed Yunus and others in the 1970s. A discourse on Microfinance is incomplete without mentioning the monumental success recorded by the Grameen Bank of Bangladesh. Modalities of microfinance delivery include a. the credit-union approach, b. the NGO approach and c. the Banking approach. The real sector of an economy refers to the sector responsible for the production and provision of tangible commodities, for example, Agriculture and Manufacturing. The total contribution of Nigeria’s real sector to GDP is not impressive at all, (CBN, 1993). The economic growth of the real sector refers to the steady process by which the productive capacity of the economy, measured over time, brings about rising levels of national output and income, (Todaro, 1979). However, experiences in the mid-1970s, when GDP almost doubled but the misery of poverty, unemployment and inequality worsened, has made people across the globe to agitate for the ‘’dethronement of GDP’’ as a yardstick for measuring progress, (Rodney, 1978). Dudley Seers (1979), posed the basic questions about the meaning of development: ‘’what has been happening to poverty?

Keywords: Microfinance, Employment, Real Growth.

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RESPONSIVENESS OF EXPORT GROWTH TO EXCHANGE RATE VOLATILITY IN NIGERIA: AN EMPIRICAL APPROACH

 

MOHAMMED YUSUF GANA

Department of Banking and Finance, College of Administrative and Business Studies, Bida Campus, Niger State Polytechnic, Zungeru.

 

ABSTRACT

Before and few years after Independence (1960), the Nigerian economy was largely sustained by export earnings from non – oil exports, particularly the primary agricultural commodities. From the late 1960’s, the economy began to undergo fast structural changes, when the production and, export of oil became prominent, which made the Nigeria’s exchange rate very strong and favourable in the early 1970s (oil boom era). This situation led to the abandonment of the agricultural sector and, consequent decline in the non – oil export revenue of the country, making her a single export commodity economy (i.e mono – cultural economy), the implication of which, is enormous, as manifested in 2016 when the country was plunge into recession. It is therefore, against the foregoing that, this study sought to determine the influence of exchange rate on the growth of exports in Nigeria from 1999 – 2016. The study adopted ex-post facto research design because, the data used were secondary data, extracted from the publications of CBN and NBS. The Hypothesis formulated states that, Exchange rate does not have a positive and appreciable influence on the growth of exports in Nigeria. This was tested using the Ordinary Least Squares (OLS) multiple regression technique and, produced the result which indicates that, the null hypothesis is accepted. It was therefore, concluded that, exchange rate channel of monetary policy transmission, if cautiously applied, can significantly impact on the overall macroeconomic environment of the country, particularly, in the present era of globalization. The recommendation was that, the country’s economy should be diversified and, also the high import taste of her people drastically reduced for the attainment of a robust external reserve and stable exchange rate environment.

Keywords: Exchange Rate, Export commodity, Volatility. Recession, macroeconomic environment.

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AUDITORS’ PERCEPTION OF THE EFFECT OF AUDIT RISK ASSESSMENT ON CLIENT ACCEPTANCE DECISION

 

MUIDEEN ADESEYE AWODIRAN & ISIAKA KAREEM JIMBA

Department of Accounting, Afe Babalola University, Ado-Ekiti (ABUAD), Nigeria..

 

ABSTRACT

Client acceptance decision is the decision of an auditor to accept a new client or retain an existing client. However, there appears to be no consensus on factors affecting auditors’ client acceptance decision. This study assessed the effect of audit risk assessment on client acceptance decision by eliciting the opinions of firms of Chartered Accountants. The study population comprised of accounting firms that are located in Ibadan (South Western Nigeria) and limited to those that are accredited by the Institute of Chartered Accountants of Nigeria (ICAN). The study administered 100 copies of questionnaire to the study respondents with 92 copies returned completed. The study employed probability regression analysis (probit) to analyse the data collected. The findings of the study revealed that inherent risks, control risk as well as detection risk are significant factors affecting auditors’ client acceptance decisions. The study recommended that auditors should have a comprehensive assessment of various risks of existing and potential clients before accepting engagement for effective audit and to prevent audit failure and corporate scandals that may follow.

Keyboard: Auditor’s perception, Audit Risk Assessment, Client-Acceptance Decision

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EMPOWERING NIGERIAN WOMEN AS TOOLS FOR NATION BUILDING

 

NGOZI EDITH IYOHO

Social Policy Department, Nigerian Institute of Social and Economic Research (NISER), Ibadan.

 

ABSTRACT

Women empowerment can be described as a conscious attempt designed and systematically applied by society to achieve a definite purpose of elevating the status of female gender group economically, socially and physically. In other words, empowerment can be seen as re-orientation and restoration of latent hidden talent and knowledge in women. Generally, women have been treated as the weaker sex; they suffer marginalisation and alienation in many ways as a result of the socio-cultural, political and economic factors which are human-induced. The paper, relying on secondary data, examined the factors necessary for the Nigerian women to contribute towards nation building. Also, the paper reveals that the level of women participation in socio-political endeavours is insignificant as evidenced by appointments and elective positions occupied by women. Therefore, the exclusion of women from participating in the affairs of the country will impede Nigeria’s quest for sustainable development. The paper concludes that women should be provided with enabling environment to enhance their participation in the affairs of the country thereby aiding their contribution towards nation building. Finally, the paper suggests that Nigerian women need to be adequately empowered to unveil all the potential in them.

Keywords: Nation-building, women, empowerment, women empowerment.

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MONEY LAUNDERING IN NIGERIA: AN ANALYSIS OF ECONOMIC AND FINANCIAL CRIME COMMISSION (EFCC) ACT 2004

 

*ASHIGAR, A. K. SATOMI, *USMAN ISMAILA & **DANJUMA ABUBAKAR UMAR

*Department of Languages and Liberal Studies, Ramat Polytechnic, Maiduguri, Borno State. **Department of Industrial and Labour Relations, Ramat Polytechnic, Maiduguri, Borno State.

 

ABSTRACT

This article evaluated the activities of the Economic and Financial Crimes Commission on the war against corruption in Nigeria.  The article revealed that there is no genuine commitment of government nor its agencies to fight corruption.  Most investigated cases are inconclusively pending in courts of law while some indicted ex-governors and top government functionaries are enjoying unchecked freedom.  This diluted the tempo and ingredients of the war against corruption in Nigeria.  The article concluded that the Presidency has eroded the autonomy of the anti-graft agency and therefore considered some recommendations for future improvement of the Commission.

Key words: Money Laundering, Financial Crime, Corruption, terrorist Financing and Media Fixation.

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