SUB-SAHARA AFRICAN JOURNAL OF MANAGEMENT SCIENCE AND ENTREPRENEURSHIP (SJMSE)
VOL 16 (7) SEPTEMBER, 2020 ISSN: 2285-8138
Sub-Sahara African Academic Research Publications,
Centre for African Development Studies, University of Ibadan,
P. O. Box 10108, U. I. Post Office. Ibadan Oyo State, Nigeria, West-Africa.
ANALYSIS OF HUMAN CAPITAL AND ECONOMIC GROWTH IN WEST AFRICAN COUNTRIES: A PANEL VECTOR AUTOREGRESSIVE APPROACH
1ALI SALISU; & 2MANSUR ABDULLAHI
1Department of Economics, Bayero University Kano, Kano State, Nigeria 2Department of Economics Federal University Gusau
This paper seeks to investigate the dynamic impact of human capital and economic growth in West African countries. This shows that human capital is a key to the relevance of other forms of capital. To better understand human capital and economic growth, this study investigates the “dynamics of human capital and economic growth in West African countries” from 7 sampled West African countries covering a period of 17 years (2000-2019) based on annual panel series data availability. Five macroeconomic variables were selected based on theoretical and empirical evidence. The study conducted pre-estimation tests such as; summary descriptive statistics, Pearson’s matrix correlations and panel unit root test. The test results revealed that, the variables under study are properly screened for more advanced statistical regressions. The study employed econometric techniques in order to gallantly capture the objectives for which the study is poised to achieve; this included panel VAR, Others ancillary to the panel VAR includes; Impulse Response Charts (IRC), residual diagnostics of heteroskedasticity and Eigen-Value stability tests. From the panel VAR, results opine that the effectiveness of GEE and GEH on LE and LR was not felt in West African countries; this could mean that corruption is at work. Therefore, the study recommends that, West African government financial allocations to education and health sectors should be carefully monitored.
Keywords: Economic Growth, Human capital, panel VAR
IMPACT OF ENTREPRENEURIAL OPERATIONAL ACTIVITIES ON ECONOMIC GROWTH AND DEVELOPMENT IN FCT, ABUJA, NIGERIA.
Dr. E.T. OMOLUABI, Ph.D.
Department of Business Administration, Faculty of Management and Social Sciences, Federal University, Gashua, Yobe State.
Governments have been under pressure to cut fiscal expenditures and reduce unemployment, especially following the 2007-2008 global financial crises leading to jobless economy. Over a similar period, there has been an increased on the need for governments to pursue economic growth, rather than merely focusing on macroeconomic indicators like GDP. These called for promoting sustainable entrepreneurship operational activity through the management of small and medium scale enterprises which empower employment and decent work for all. The main objective for this study is to determine the impact of entrepreneurial operational activities on economic growth and development through small and medium scale enterprises in the federal capital territory FCT. The specific objectives were designed to (i) access the significant relationship between entrepreneurial efficiency and employment generation (ii) examine the significant relationship between entrepreneurial growth and economic development in the FCT. The population of the study consisted of registered small and medium scale enterprises. Multistage sampling procedure was adopted in the selection of six area council in FCT for the study. 355 copies of structured questionnaire were administered to the respondent from the selected enterprises owners, out of which 305 were completed and returned. Descriptive statistics and regression analysis were the techniques used to analyze the data collected. Major findings of the study revealed that: (i) There is a significant relationship between entrepreneurial efficiency and employment generation from the regression result (P. value = 0.004m, significant at 1%) (ii) The results of study also revealed that there is significant relationship between entrepreneurial growth and economic development with a T-value of 3.080 and P-value of 0.002. The study concluded that entrepreneurial efficiency, and entrepreneurial growth has a significant relationship with employment generation and economic development. The study recommended that promoting entrepreneurial operational activities among potential entrepreneurs is important, and government should create an enabling business environment that is free from kidnapers and general insecurity and foster entrepreneurship operations in the Federal Capital Territory chosen for the study
Keywords: Entrepreneurial, Operational Activities, Economic Growth, and Development.
EXAMINING NIGERIA COMMERCIAL BANKS LOANS FOR SMES ACTIVITIES: AN ISSUE FOR ECONOMIC GROWTH
1ILIYA BAWA, PHD, 2JATAU ANDREW YOHANNA AND 3ABUBAKAR HARUNA
1Department of Business Administration, Federal University Lokoja, Kogi State – Nigeria 2Department of Accounting, Federal Polytechnic Nasarawa – Nigeria, 3Department of Marketing, ISM Adonai University, Cotonou Republic of Benin
With the numerous population of micro and small enterprises in Nigeria, many of them are not really active. The objective of the study is to examine how commercial banks enhances production of SMEs in Nigeria. The researchers employed historical data that covered the period of 2002 – 2018 sourced from CBN. The data collected were analyzed using correlation matrix and regression analysis. The correlation coefficient revealed that there is a positive correlation between all pairs of explanatory variables except commercial bank loan (CBL) which has negative correlation with all other explanatory variables. The regression results revealed that average exchange rate (AER) and manufacturing output (MAN) exert positive, while average capacity utilization (ACU) and commercial bank loan (CBL) exert negative impact on Gross Domestic Product (GDP). The study concluded and recommended that increase productivity of SMEs in terms of output growth could emanate from improvement in technology. This could be achieve through funding therefore, commercial banks should be encouraged to finance the SMEs. The SMEs should be encouraged to ensure quick assess to capital or funds to boost local manufacturing companies to achieve full capacity.
Keywords: SMEs, Commercial Banks, Economic growth, Correlation matrix, Regression analysis.
EMPIRICAL EVIDENCE OF SALES PROMOTIONAL ACTIVITIES AND CUSTOMER PERCEPTION OF MTN PRODUCTS IN MAIDUGURI METROPOLITAN COUNCIL
BINTU MUSTAPHA CHIBOK PHD1 AND ZAINAB ABDUL IBRAHIM2
University of Maiduguri, Nigeria,1 Ramat Polytechnic Maiduguri Nigeria 2
Past studies have observed that sales promotion influences organisational performance. However, some aspects of sales promotion such as contest, and premium in relation to customer perception have received little scholarly attention. The paper specifically examined the effect of contest, and Premium on customer perception of Mobile Telecommunication Network (MTN) Product in Maiduguri Metropolitan Council. Survey method was used to obtain data from the customers of Mobile Telecommunication Network (MTN) within Maiduguri Metropolitan Council. A sample of three hundred and ninety nine was obtained from the total population of one hundred and eighty nine thousand eight hundred and fourteen registered customers of MTN in Maiduguri Metropolitan Council. Multiple regression analysis was used to analyse the data obtained from the customers of MTN within Maiduguri Metropolitan Council with the aid of statistical package for social sciences version 2.0. The paper found that contest, and premium had significant effect of on customer perception of MTN products; premium on customer perception of MTN products, A P-value of 0.000 which is less than p<0.05; and A P 0.019 which is less than p<0.05, significant was obtained.
Keywords: Promotion, Customer Perception, and Mobile Telecommunication Network Product.
IMPACT OF ENTREPRENEURIAL TRAINING DIMENSIONS ON THE PERFORMANCE OF COOPERATIVE SOCIETIES IN ILORIN METROPOLIS
OMOTOSHO WAHEED OLAJIDE; ISHOLA ABDULFATAI IDOMI; & ZEKERI ABU PhD.
Department of Business and Entrepreneurship, Kwara State University, Nigeria
The aim of entrepreneurship training is to improve on the skill and innovative knowledge of entrepreneurs. Members of cooperative societies in Nigeria are faced with major challenges such as investment decision, loan delinquency and sit tight syndrome amongst other. As a result of these problems, improving cooperative members training had become utmost importance. This study examined the impact of entrepreneurial training predictors such as investment analysis training (IAT) and practical skills training (PST) on the performance of cooperative societies in Ilorin metropolis. A sample size of 380 respondents was drawn out of population of 12,671 registered secondary cooperative societies in Ilorin metropolis. The study administered questionnaire to the sampled respondents and was analyzed using multiple regression analysis. Descriptive analysis showed that all predictors of entrepreneurial training measured were distributed evenly. Therefore, the result of multiple regression analysis indicated that there is significant influence between entrepreneurial training dimensions (such as investment analysis training and practical skills training) and performance of cooperative society’s antecedents (such as scalable business and income generation). The study found that one out of two proposed hypotheses have positive significant impact on performance of cooperative societies. Further findings showed that entrepreneurial training dimensions such as investment analysis training and practical skills training play an important role on performance of cooperative societies. The study concluded that cooperative societies need to improve on investment analysis training so as to help their members in the area of investment decision, avoid loan delinquency as well as contributing to economy development of the society at large. It was recommended that cooperative societies should focuses on investment analysis training that could leads to scalable business and more emphases should laid on practical training to improve the scalable business of cooperative members and the society at large.
Keyword: Entrepreneurial training, investment analysis training, practical skills training, scalable business, income generation, performance, cooperative society
THE IMPACT ENTREPRENEURIAL ACTIVITIES ON ECONOMIC DEVELOPMENT OF GOMBE STATE-NIGERIA
*IBRAHIM AHMED; **DR. MOHAMMAD TAFIDA; AND *FATIMA USMAN
*Department of Business Administration, Gombe State University, Gombe State-Nigeria **Federal College of Horticulture Dadin-Kowa, P.M.B 108 Gombe State-Nigeria
The study assessed “The Impact of Entrepreneurial activities on Economic Development of Gombe State -Nigeria”, using Gombe metropolis as the area of concern. The study aimed to examining the extent to which entrepreneurs’ activities contributes towards the success of entrepreneurship and economic development as well as increases in per capita income of inhabitants of Gombe metropolis. Relevant literatures were reviewed which were sourced from both primary and secondary sources. Twenty (20) questionnaires were administered in relation to five (5) different entrepreneurial occupations in order to ascertain the impacts. Presentation, interpretation and analysis of data were carried out through the use of simple percentages and frequency tables. The major findings of the study showed that there is a strong correlation between the contributions of entrepreneurs towards economic development in Gombe stat. The study further revealed that the activities of entrepreneurs served as one of the major mechanism for increasing per capita income of the state’s inhabitants. However, the researcher recommended that government should provide adequate infrastructural facilities in order to experience a rapid growth and development of entrepreneur’s activities in the state.
Keywords: Entrepreneurs, Economic, Development, Activities and Entrepreneurship
MANAGEMENT OF POST BASIC EDUCATION FOR A BETTER TOMORROW THROUGH EFFECTIVENESS OF INSTRUCTIONAL SUPERVISION IN THE FEDERAL CAPITAL TERRITORY, ABUJA
ADESINA OMOLARA ADEOLA; AND YAKUBU, SANI
Department of Educational Management, Faculty of Education, Nasarawa State University, Keffi
It has been observed by some of the previous studies that instructional supervision enhances not only students’ academic achievements but also promotes schools’ quality, efficiency, improvement and management for attainment of educational goals and objectives. Therefore, the need warranting effectiveness of instructional supervision for management of post basic education in the Federal Capital Territory (FCT), Abuja, has necessitated the present study. This study however assessed the management of post basic education for a better tomorrow through the effectiveness of instructional supervision in the Federal Capital Territory (FCT), Abuja. Four research questions were raised in the study. The study employed the descriptive survey research design. Population of the study constituted a total of 3,339 secondary school teachers from 62 public secondary schools within 6 LGAs in the FCT, Abuja. Sample size of the study consisted of 334 teachers (making 10% out of the entire teacher population) from 31 (50%) public secondary schools within the 6 LGAs in the FCT, selected using the stratified random sampling technique. A 29-item questionnaire developed by the researchers and titled “Management of Post Basic Education through Effectiveness of Instructional Supervision Questionnaire (MPBEEISQ)” served as the main instrument for data collection. Construction of the questionnaire was guided by the purpose of the study and research questions and was equally structured on a 4 point scale. Both validity and reliability of the questionnaire were established. The questionnaire was validated by three experts from the Department of Educational Administration and Planning, Faculty of Education, Nasarawa State University, Keffi. Reliability of the instrument was established through a pilot-test. The scores obtained were measured using Cronbach Alpha statistics which yielded an overall internal consistency reliability value of 0.81, showing that the instrument was trustworthy and reliable. Data were analyzed using mean scores which were rated at 2.50 and standard deviation. Findings of the study revealed that there is need for management of post basic education through the effectiveness of instructional supervision such as classroom observation and visitations, demonstrative teaching, among others, in the Federal Capital Territory (FCT), Abuja. It was however recommended that principals should ensure that they employ best practices for the effectiveness of instructional supervision in their schools for a better tomorrow.
Keywords: Management, Post, Basic, Education, Effectiveness, Better, Tomorrow, Instructional, Supervision
EFFECT OF MONITORING MECHANISMS ON CORPORATE ENVIRONMENTAL ACCOUNTING DISCLOSURE OF LISTED NIGERIAN DEPOSIT MONEY BANKS
JA’AFAR, YUSUF AND USMAN, NURA
Accounting, Department of Accounting, Kaduna State University (KASU), Kaduna-Nigeria
This study examines the effect of monitoring mechanisms on corporate environmental accounting disclosure of Nigerian listed Deposit Money Banks (DMB’s) for the period of 2010 – 2019. The population and the sample size of the study consist of the fourteen (14) listed Nigerian DMBs as at 31st December, 2019. Specifically, the study seeks to find out if monitoring mechanisms (proxied by firm size, firm age, leverage, dividend and earnings) have any effect on banks’ corporate environmental accounting disclosures (CEADs). The study employed multiple regression techniques and data were collected from secondary source through the annual reports and accounts of the listed firms. The findings reveal that firm size, firm age and dividend per share are statistically, positively and significantly influencing the CEA disclosures of Nigerian listed DMBs but at 1% level of significance, while leverage and earnings per share were found to be statistically and insignificantly related with CEA disclosures. The study recommended that banks’ management should intensify efforts towards expanding their assets, justifying the reasons for their quotation, making high and a consistent dividend payment, strengthening their earnings generation capacity while improving their gearing ratio through ensuring a reasonable balance between debt and equity as it has been found empirically to be a monitoring attributes for banks to engage in corporate environmental accounting disclosures.
Keywords: Monitoring, Mechanisms, Environmental, Accounting, DMB’s, Nigeria.
THE RELATIONSHIP BETWEEN TOTAL QUALITY MANAGEMENT IMPLEMENTATION AND SME PERFORMANCE.
BELLO TAOFIK ABIDEMI 1, LAMI MUSA YARO 2, ISMAIL ALHAJI SULIEMAN 3
Department of Business Administration, Al- Qalam University 1 &3, Department of Business Administration, National open University, Abuja 2
The study examined the relationship between total quality management and SME performance. Using convenience sampling technique, 100 self-administered questionnaire were distributed to managers/owners of SMEs operating in Kaduna state. The study utilized Partial Least Squares Structural Equation Modeling (PLS-SEM). The study was cross sectional in nature that is data was collected once. The Results supported the hypothesized direct effects of total quality management on SME performance. Finally, the study concludes with some limitations that open up the avenues for future research.
Keywords: total quality management, SME performance, Mangers, Owners, PLS
EXPLORING BARRIERS TO E-LEARNING ADOPTION IN THE NIGERIAN TERTIARY INSTITUTIONS: A STUDY OF FEDERAL POLYTECHNIC BAUCHI
AHMAD SABO, PhD
Department of Public Administration, School of Business Studies, Federal Polytechnic Bauchi, P.M.B. 0231 Bauchi, Bauchi State Nigeria
In today’s world of evolving technology, inadequate utilization of information technology in learning creates a huge gap in any given society especially with the effect of COVID 19 pandemic. Despite the competitive advantage abound by ICT related innovation in institutions of higher learning in Nigeria have limited e-learning adoption nonetheless lockdown of socioeconomic activities including schools due to the effect of COVID 19 pandemic. Evidence suggests that technology penetration in Nigerian polytechnics institutions is not beyond e-administration whereas e-learning remains much to be desired. It is therefore apparent that e-learning in the polytechnic institutions is viewed more of staff centric than student-based also known as e-learning. The huge gap underscores the rationale of this study to explore students’ perceptions of the undelaying challenges behind e-learning adoption in the Polytechnic. This study adopts qualitative approach utilizing individual and focus group interviews to explore deeper insight of barriers to e-learning in the Nigerian polytechnic sector. Students of Federal Polytechnic Bauchi constitutes the population of this study. Convenient sampling was employed and 29 students across various schools and departments were interviewed. The findings revealed astonishing barriers to e-learning adoption at governmental, organizational and personal levels, which are rarely explored. At the government level, challenges of inadequate provision of electronic gadget, Non-availability of e-libraries, epileptic/dwindling power supply and inadequate legal framework were envisaged. At organizational level, inadequate technological structure and facilities, computer labs, e-student forums, smart classrooms, incompetent teaching staff and lack of mentorship top the list while negative peer influence, lack of self-determination and low level computer literacy were identified as challenges of e-learning adoption at the personal level. E-Learning is proven to be an important precursor for efficient and effective knowledge management and technology transfer; and a robust and reliable methodology for Nigeria present educational needs especially given the effect of COVID 19 pandemic is now in force.
Keywords: e-Learning, Institution of Higher Learning, Polytechnic, COVID 19, Bauchi,
EFFECT OF EMPLOYEE’S TRAINING ON ORGANIZATIONAL PERFORMANCE IN THE FEDERAL POLYTECHNIC, BIDA
*MOHAMMED A. YAKPE; **USMAN MAIMUNA; & *ELIZABETH M. YISA
*Department of Business Administration and Management, Niger State, Polytechnic, (CABS), Bida Campus **Department of Marketing, the Federal Polytechnic, Bida, Niger state
This study determined the effect of employee’s training on organizational performance in the federal polytechnic, Bida, using training design and employees’ perception of training as measures of training. The study utilized the primary source of data with the aid of a 5-point Likert scale questionnaire which was administered to a sample of 281 employees which represented the total number of Academic Staff in the Institution. The responses were analysed using the multiple regression analysis. The study revealed that training design and employees’ perception of training have significant effect on their performance which translate to the overall organizational performance. The study therefore recommended that training should be z with its nature and also, employees should be sensitized prior to training activity so as to direct and correct their impression, perception or thoughts towards the aim and need of the training and also management should make clear and fair the selection process and also provide all employees’ equal opportunity of being selected for the training based on their individual needs and also training should be structured in a simple and logical way to aid easy comprehension by the trainees.
Keywords: Employees’ Perception, Organization, Performance, Training, Training Design, Bida
EFFECT OF BOKO HARAM INSURGENCY ON HUMAN CAPITAL UTILISATION IN SELECTED TERTIARY INSTITUTIONS IN BORNO STATE, NIGERIA
*ALHAJI UMAR MODU & *ALHAJI MODU MAINA & **MOHAMMED GONI TELA
*Dept. of Business Administration & Management, Ramat Polytechnic Maiduguri **Dept. of Business Education, Ramat Polytechnic Maiduguri
This study examined the effect of Boko Haram Insurgency on Human Capital Utilisation in selected tertiary institutions in Borno State. The population of the study was 2,013 respondents with a sample size of 334 respondents obtained using Yamane’s formula. Data was collected using structured questionnaires administered to the respondents. The data collected was analysed using simple linear regression analysis with the aid of statistical package for the social science (SPSS). The major finding of the study revealed that there is significant effect of Boko Haram insurgency on human capital utilisation in selected tertiary institutions in Borno State. The study concludes that Boko Haram insurgency affects the performance and manpower planning of the tertiary institutions which leads to the lower productivity thereby employees leave for other safer state to avoid of been attack. Therefore, study recommends that Government should address the incessant attack by Boko Haram insurgency to improve the conceptual skills of employees in selected tertiary institutions in state, and government should provide enabling environment through the provision of insurgency risk allowance and excessive load allowance to prevent the employees from leaving the tertiary institution in the state.
Keywords: Boko Haram Insurgency, Human Capital Utilisation, Tertiary Institutions.
EFFECTS OF TRUST ON THE PERFORMANCE OF ENTREPRENEURIAL VENTURES
EHIMEN GREGORY IGIBA1, FRANCIS K. MBAKWE2 AND USMAN ADAMU IBRAHIM
1&2Department of Business Administration and Management 3Department of General studies, the Federal polytechnic, Bauchi
This research work is theoretical and conceptual, and aims to Identify as well as examines the effects of trust on the performance of entrepreneurial venture. the study identifies two kinds of trust that enhance and beneficial to performance of entrepreneurial venture. cognitive which is considered factual as well as lead to logical motives for trusting partner, and affective trust which is based on feelings, emotions and moods subjective. it was discovered that entrepreneurial venture with high level of cognitive trust among its members reduces the necessity for monitoring and protective conduct, also high cognitive trust is able to lead to a well-organized team.it was also seen that affective trust result to an improved readiness to communicate knowledge.
Keywords: Trust; Performance; Entrepreneurial; Venture; Partners
IMPACT OF MONETARY POLICY DECISION ON PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA
MOHAMMED YUSUF, 1 MOHAMMED ABDULKADIR 2 AND YUSUF ALIYU 3
1&2Department of Accountancy, Ramat Polytechnic, Maiduguri. 3Department of Accountancy, Yobe State University, Damaturu.
This study examined the impact of monetary policy decision on profitability of listed deposit money banks in Nigeria. Data for the study were gathered through Annual Reports and Accounts of the deposit money banks and Statistical Bulletin of the Central Bank of Nigeria for the period of 2008-2017. Data was analysed using both descriptive and inferential statistics. Multiple regression analysis was employed to test the hypothesis using the STATA 13. Findings of the study revealed that monetary policy rate (MPR), cash reserve rate (CRR) have no statistically significant impact on the return on capital employed of listed deposit money banks in Nigeria. Implying that an increase in MPR leads to a non-significant decrease in return on capital employed (proxy for profitability). It was also found that cash reserve ratio has an insignificant linear relationship with return on capital employed of listed deposit money banks in Nigeria. This means an upward movement in monetary policy decision does not have any significant impact on the return on capital employed of listed deposit money banks in Nigeria. The research therefore recommends the need by the C.B.N. to ensure that adequate monetary policy rate is put in place to improve the significance in terms of safeguarding the impetus of monetary policy decision in the Nigerian economy. The study also recommends the need for managers of these banks to fully adhere to the CRR policy by organising more training and workshops to staff on the importance of preserving and adhering to the monetary policy decision for the effective and efficient operationalisation of the deposit money banks in the short-run and a better health: on banking industry in the long-run.
Keywords: Monetary Policy, Monetary policy Rate, Cash Reserve Ratio, Return on Capital Employed, CBN, DMBs.
AN ANALYSIS ON ECONOMIC IMPACT OF CATTLE FARMING IN MUBI SOUTH LOCAL GOVERNMENT AREA, ADAMAWA STATE
*HARUNA MOHAMMED DODO; & **USMAN ISA
*Department of Banking & Finance, Adamawa State Polytechnic, Yola **Department of Public Administration, Adamawa State Polytechnic Yola
The managing of internal generated revenue is a huge problem that most of the local government areas are facing in Nigeria. This study analyzes the economic impact of cattle trading in Mubi south Local Government Area from 2000 to 2018. Quarterly data were used on Mubi south Revenue Generated from Cattle Trading (MCRT), Employment in Cattle Market (ECM) and Cattle Turn-over (CTO) all were sourced from statistics section, department of finance Mubi south local government. The study employed Ordinary Least Square (OLS) based on the result of Augmented Dickey Fuller (ADF) unit root test all the are stationary at first difference order I(1). The result of OLS shows that both the variables CTO and ECM as independents variables has a positives impact on Mubi south revenue generated from cattle trading (MCRT) with an evidences of a coefficients 0.491678 and 0.534065 also, statistical significance at 5% respectively and the R2 reveals that 69% of the variations of an internal generated revenue of Mubi South Local Government Area were captured in the model while the remaining 31% are white noise. The correlations analysis was also conducted to examine the relationships between the variables and the result reveals that CTO has a high and positive correlation with MCRT as shows the coefficient 0.74779. Similarly, ECM has positive correlation on MCRT with coefficient 0.58208 respectively. Finally this study recommends that Finally this study recommends that to improve the revenue generated from Mubi South International Cattle Market, Government should: Improve the security to encourage both the domestic and foreign investors to follow into the market, Provide a serious team of Auditors in order to minimize a revenue misappropriation in cattle international market Mubi and Provide a good social and infrastructure facilities such hospital, communication facilities and road networks that link the market internationally.
Keywords: Economic impact, Cattle farming, Mubi, Adamawa
EFFECT OF MONETARY REWARD SYSTEM ON EMPLOYEE RETENTION IN SELECTED DMBs IN MAIDUGURI METROPOLIS, BORN STATE
ALHAJI MODU MAINA1, ALHAJI UMAR MODU2 & UMAR SANDA ALLI3
Department of Business Administration & Management, Ramat Polytechnic Maiduguri
This study examined the effect of monetary reward system on employee retention in selected Deposit Money Banks in Maiduguri Metropolis, Borno State. The population of the study was 198 respondents with a sample size of 132 respondents obtained using Yamane’s formula. Data was collected using structured questionnaires administered to the respondents. The data collected was analysed using multiple regression analysis with the aid of statistical package for the social sciences (SPSS). The major findings of the study revealed that there is significant effect of profit sharing on employee retention in the study area, there is also significant effect of performance bonus on employee retention in the study area. The study concludes that monetary reward offered to employees’ in the banking sector would leads to high performance and play a critical role in determination of their level of retention, where as inadequate monetary reward is percept as setback to employees and would brought about low performance and high employees’ turnover. Therefore, study recommends that management should endeavour to shows the present of fairness in their monetary rewards as employees are agents who are affected by the profit sharing, management should also try as much as possible to adopt good and positive retention strategies to increases the morale of their workers toward performance. Similarly, management should ensure that employees who meet the set target or surpass expectation be rewarded with cash bonus as incentive.
Keywords: Monetary Reward System, Employee Retention, Deposit Money Banks
INFLUENCE OF DEPOSIT MONEY BANKS ON NIGERIA ECONOMY
MUSA ABDULLAI ALIAKHUE; AND OKOLOGUME HENRY CHUKWUDI
Department of Banking and Finance, School of Business Studies, Auchi Polytechnic, Auchi
The study examines the influence of Deposit Money Banks on Nigerian Economy from 2009-2018. To facilitate the study, a simple model was specified using the variables; gross domestic product (GDP) as our dependent variable, deposit money banks credit (DMBC), lending rate (LR) and financial deepening (FD) as independent variables. Data for the variables were collected from the Central Bank Statistical Bulletin and analyzed with the aid of Eview 8.0. Our result revealed that deposit money banks credit has a positive and significant influence on Nigerian economy. We therefore recommended among others that Greater efforts should be made to make available, short, medium and long term loans to productive investments like the manufacturing sector, agricultural sector and SMEs as they constitute an integral part of the growth and transformation process of an economy like that of Nigeria as this will induce employment and income of the various economic agent and a productive economy.
Keywords: Deposit Money Banks, Financial Deepening, Financial Intermediation, Economic Growth
LONGITUDINAL DISTRIBUTION CHANNEL OF CATTLE, OTHER RELATED ANIMALS AND ITS EFFECTS ON NIGERIAN ECONOMY
*TANKO ADAMU ANDENWU; & **LEATU PHILIP SUNGBAA
*Department of Marketing, Purchasing and Supply, Adamawa State Polytechnic, Yola **Department of Accountancy, Adamawa State Polytechnic, Yola
Despite the vital roles of channel members in the chain of distribution, the single remains more beneficial to the end user (the consumer), due to price reduction, availability of the product, personal relationship with the producer etc. which will also trigger demand that will improve the Nigerian economy and reduce overdependence on petroleum. This research, therefore, seeks to identify the longitudinal channels in the distribution of cows and other related animals; their roles and effects on price and the Nigerian Economy. Primary data was collected in this study taking into cognizance the sample population in the cattle markets who are mostly illiterates, therefore questionnaire and interview questions drawn out of the four research question was administered on 315 and respondents at the two (2) cattle markets. Data collected from the respondents was analsed using correlation and regression models. Findings of study revealed that all the distribution strategies have significant effect on price of cattle and other animals. The study also found that by adopting a single channel strategy as against multiple channels, prices can be minimized. The researchers conclude that buying cattle directly from the people rearing it is better than buying from the distributor or retailers. We therefore recommends that government and other stakeholders in the cattle business should come up with a well-articulated policy on the trading of these animals that will reduce or eliminate the activities of these middle men in order to achieve price stability which can improve the economy as a whole.
Keywords: Distribution channels, Cattle, Price, Nigerian economy
FINANCIAL LIBERALIZATION AND MANUFACTURING SECTOR OUTPUTS IN NIGERIA (1987-2015): EVIDENCE FROM FULLY MODIFIED ORDINARY LEAST SQUARE (FMOLS)
ADEYEYE-AHMED NABILA OLASUMBO; DALLAS CHUKWUEMEKA LIVINUS; & POPOOLA SAMUEL OLAYINKA
National Productivity Centre, Lagos State Office.
There has been a growing concern over the decline of the outputs of the manufacturing sector in Nigeria in recent times in-spite of the view that government had embarked on several strategies aimed at improving industrial production and capacity utilization of the sector. Manufacturing firms in Nigeria are generally characterized by inadequate capital base, low managerial skills, and high levels of technical inefficiency, which tends to reduce their potential output levels significantly. The study therefore undertakes an empirical analysis to examine the effect financial liberalization on the growth of manufacturing sector outputs in Nigeria between 1987 and 2015 using Fully Modified Ordinary Least Square (FMOLS). Findings from the study revealed that liberalization of the Nigerian financial system through the credits allocated to the manufacturing sectors has had an adverse boomerang effect on manufacturing sector outputs in the long run. Low manufacturing sector outputs was traced largely to banks unwillingness to make credits available to manufacturers, owing partly to this mis-match between the short-term nature of banks funds and the medium to long-term nature of funds needed by Nigerian industries. Increased lending rate (due to liquidity mopping) was also discovered to have a dampening effect on manufacturing sector outputs despite significant increase in gross national savings. Therefore, to support the liberalization process, there is the need for monetary authorities to create and maintain a stable macro-financial environment based on increased financial depth. Drastic policy reversal should be avoided, rather it should concentrate efforts in fine-tuning the existing policy measures; as well as ensuring that adequate credit facilities are channeled to those manufacturers who have viable business plans and are ready to invest within the domestic economy. This will go a long way at enhancing fund’s mobilization in the country for sustained manufacturing sector output growth.
Keywords: Manufacturing sector outputs, financial liberalization, fully modified ordinary least square, Gross national savings, Real interest rates, Monetization ratio and Credits to Manufacturing sector.
THE ROLE OF THE BUSINESS ADMINISTRATION COURSE FOR ENTREPRENEURS DEVELOPMENT IN NIGERIA
UMEOBI NGOZI C. & NGOKA IKECHUKWU
Department Of Business Administration, Federal Polytechnic Oko
This study aims to explore the trajectory of entrepreneurial alumni from a prestigious Nigeriaschool of Business Administration. The main objectives are to explore the influence of role models and family support systems and to understand the role that the course plays in this process. The main findings were that entrepreneurial intention is an important variable, but has little immediate impact on entrepreneurial action; family support plays an important role in the decision to start a new business; Business Administration course does little to encourage the practice of entrepreneurship, even though it helps to identify opportunities and establish networks.
Keywords: Role, Business, Administration, Course, Entrepreneurs Development.
FEASIBILITY STUDY AND MARKETING PLANNING A PANACEA FOR BUSINESS STABILITY IN NIGERIA
OLOYEDE KEHINDE ARO & OKONOFUA S.A, OGA
Marketing Department, Auchi Polytechnic, Auchi, Edo State.
The study examined feasibility study and marketing planning a panacea towards business stability in Nigeria. Stability of any business in Nigeria lies on proper planning before during and after commencement of the business, we should not shy away from the fact that most business in Nigeria pay little or no attention to feasibility and marketing planning, that is why a lot of business in Nigeria records low turnover and growth. For any business that wants to grow be it new venture or existing business entity, feasibility and marketing planning should be its priority because stability of any business in Nigeria holds on this variable, nevertheless more availability of startup fund cannot guarantee the success of an enterprise. However, little has been said when it comes to information needed for business stability using secondary data, this paper therefore establishes appropriate strategies to obtain information in order to provide answers to basic issue or questions through which the entrepreneur can reach the desired end.
Keywords: Feasibility, Planning, Marketing, Business Information Strategy,
DOES TRADE OPENNESS AFFECTS ECONOMIC GROWTH IN NIGERIA, 1986-2019: EVIDENCE FROM TIME SERIES DATA
*BRIGHT ONORIODE OHWOFASA PhD AND **OKEKE MARY UZEZI
*Department of Social Sciences (Economics Unit), Delta State Polytechnic, Otefe-Oghara, Delta State, Nigeria. **Department of Accountancy, Delta State Polytechnic, Otefe-Oghara, Delta State, Nigeria
There has been a raging debate on the relationship between trade openness and economic growth in the literature. Whilst most studies focused on aggregative data on trade openness, empirical probe on studies disaggregating trade openness into sectoral exports (agriculture, solid mineral, manufacturing and oil exports) is scarcely pursued. The objective of the study is to assess to what extent export earnings from agriculture, solid mineral, manufacturing and oil exports impacted on economic growth in Nigeria. The model was estimated using autoregressive distributed lag (ARDL) bounds testing approach to co-integration for the long-run analysis while an unrestricted error correction model (ECM) was relied upon to explore the contemporaneous dynamics. The data obtained from various issues of the Central Bank of Nigeria statistical bulletins and annual reports covered the period 1986-2019. The study found that sectoral exports had a long-run relationship with economic growth in Nigeria as evidenced by the ECM. In the short run, the study found that economic growth had a negative and significant response to changes in solid mineral exports (0.02%) and manufacturing exports (0.06%) contrary to its 0.05% positive response to oil exports. The paper therefore recommends that policy makers in Nigeria may modify the quality of exports by switching from exports of agriculture, solid mineral raw materials and semi-manufactured goods to high valued-added goods so as to create demand for the products and generate more revenue to the government.
Keywords: economic growth, trade openness, ARDL model, Nigeria
FACTORS INFLUENCING BRAND PREFERENCE OF BEER CONSUMPTION IN KEFFI, NASARAWA STATE
*SAMUEL T. ACHIE AND **Dr. DAUDA MOHAMMED ATIYAYE
*Department of Business Administration and Management Federal Polytechnic Damaturu, Yobe State. **Federal Polytechnic Damaturu, Yobe State.
This research tends to investigate the factors influencing preference for brands of beer and determine their relationship with brand preference of beer consumption in keffi, Nasarawa state. The study relied on survey research design and the population of this study was people who were over 18 years of age and had experience in drinking beer for either once or on regular basis in keffi. A sample of 354 beer consumers was systematically selected for this study. The sample of this research was gathered using the non-probability sampling methods in terms of convenience sampling by collecting data only with respondents who were willing to cooperate with the researcher. Data were analyzed using tables and percentage to group the reaction of respondents to the questions asked. The inferential statistical tool used to analyze the relationship between the independent and dependent variables is the Pearson Product moment Correlation analysis. The study found out that significant positive relationship exists between advertisement and beer consumption in keffi. The study recommends that communication which brings the customer closer to the various brands should be encouraged and advertisement should be done with the psychological state of the consumers in mind.
Keywords: influence, Brand, Preference, beer consumption, factors
CLEAN SURPLUS VALUATION MODEL AND ACOUNTING INFORMATION IN NIGERIA BEVERAGE INDUSTRY: STUDY OF GUNINNES NIGERIA PLC
*HELEN OLUWATOYIN ADEBAYO **SEGUN IDOWU ADENIYI PhD
*Department of Accountancy, Federal Polytechnic Nasarawa, P.M.B. 001, Nasarawa State. **Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State
Since there was stock price crash on the Nigeria stock exchange, shareholders are disturbed for unrealistic prediction of their expected future income on their equity. Potential investors always find it difficult to forecast accurately the expected return on their investments. Therefore this study seeks to examine the relationship between earning per share, book value and company market value. Expo – facto design was used for this work. We focus on beverage industry in Nigeria. This study is a case study that focused on Guinness Nigeria Plc for the period of 2010 to 2019. Our analysis reveals that earnings per affects market value. The study recommends among others that company should improve their earnings per share because it will affect her market value.
Keywords: market value, book value, earnings per share, clean surplus valuation
IMPACT OF WORKING CAPITAL MANAGEMENT ON THE PERFORMANCE OF QUOTED AGRICULTURAL COMPANIES IN NIGERIA
KPANGA COLLINS KPANGA, ALHASSAN KAWU ABUBAKAR, FEMI PAUL FASHAGBA & OKUKU TITILAYO OLAYOONU
Department of Accountancy, Federal Polytechnic, Bida
Available empirical evidences point to the fact that there is apathetic literature in Nigerian Agricultural sector on relationship between working capital management and financial performance, this study therefore provide evidence to bridge this gap by focusing on the impact of working capital management and financial performance of quoted agro-allied firms in Nigeria. To achieve the objective, secondary data were collected from financial statements and analysed over ten (10) years from 2008 through 2017 for the five (5) firms in Agricultural sector giving rise to fifty (50) years financial data. The descriptive and inferential statistics were used to analyse data specifically, mean, mode, standard deviation, minimum and maximum descriptive statistics were used with OLS regression model that permit inferential judgement. After passing the Multicollinearity and Heteroscedasticity tests, the hypotheses were tested at 5% significance level. Among the findings, the study reveals that account receivable period (used as one of the variables of working capital management) has a significant positive impact on the financial performance of quoted agricultural firms in Nigeria with the t-value of 2.49 and a p-value of 0.017; this implies that proper management of account receivable will lead to improvement in the financial performance of quoted agricultural companies in Nigeria. The study therefore recommends that all measures leading to continous improvement of Account receivable period should be put in place and sustained so that a firm is not affected negatively from all activities of bad debtors
Keywords: Working capital management, financial performance, Account receivable period, cash conversion period, Payable deferral period, inventory conversion period & return on assets.
MICROFINANCE BANKS, DEVELOPMENT AND GROWTH OF SMALL AND MEDIUM ENTERPRISES (SMES): NIGERIA’S EVIDENCE.
S.O. OLAWUMI1, ADENIRAN, E.G1., ADETOLA RAHAMAN2
1Dept. of Banking & Finance, the Oke-Ogun Polytechnic, School of Financial Management Studies, Saki.Oyo State, Nigeria 2Dept. of Accountancy, The Oke-Ogun Polytechnic, School of Financial Management Studies, Saki.Oyo State, Nigeria
This study investigated the impact of microfinance bank on the development and growth of Nigeria’s small and medium scale enterprises using descriptive, survey and case study research design. The data for the study were sourced primarily, and structured questionnaire were administered on thirty respondents (staff and management) of Ifedapo Microfinance bank, Saki as case study. The responses were presented in tables with rows and columns. The data were analyzed using chi square and other statistical packages. The findings revealed that microfinance contributed immensely to the growth and development of Nigeria’s small and medium scale enterprises thereby should be encouraged and accepted as agent of development and grassroots’ mobilizer of deposits, agents for the reduction of poverty. This study also recommends that enabling environment should be created for the establishment of more microfinance banks, and that the regulatory framework should be strengthened for the continued survival and growth of Microfinance institutions.
Keywords: Banks, Development, Growth, Microfinance, Small Scale.
THE EFFECT OF BILLING SYSTEM ON THE PATRONAGE OF MTN AND 9MOBILETELECOMMUNICATION SERVICES IN BIDA TOWN
BELLO, BABATUNDE SIKIRU1; MAKINDE, KEHINDE A2.; OZIMEDE, ELIZABETH IRAGBESON3; NWOKENKWO, BEN OLUBUNMI4 OGUNDEJI, SUNDAY TOLULOPE5
1,4&5Department of Marketing, Federal Polytechnic, Bida 2Department of Banking & Finance, Federal Polytechnic, Bida 3Department of Business Administration & Management, Federal Polytechnic, Bida
This research work is aimed at examining the Effect of Billing System on the patronage of MTN and 9MOBILE Telecommunication Services in Bida metropolis. The objective of this research work is to examine the perceptions and reaction of customers towards the mobile services provided by telecommunication companies and customers’ reaction to different services’ cost/ tariffs. The researcher made use of survey research design through the use of questionnaire being administered to MTN and 9MOBILE customers. 100 questionnaires were administered with 85 returned. Stratified and simple random sampling methods were used to select and classify the representative members of subscribers. A 5 point Likert scale was used to determine the mean and standard deviation that was used to analyze the data collected, the result revealed that the stated hypotheses are rejected and the Alternate hypotheses accepted, meaning there is a relationship between Telecommunication services and customers perception and reaction towards the billing system and that the reliability and accessibility of network will improve subscribers reactions positively. Findingsreveled that billing system has a significant effect on the patronage of telecommunication services and that subscriber’s respond negatively to those service providers who offer value that does not meet their expectations. Itwas recommended that telecommunication service providers should endeavour to enhance their market share through economic billing system and effective customer service packages. Also, telecommunication service providers should carry out market survey on a regular basis to determine the perceptions and reaction of subscribers towards services costs and tariffs.
Keywords: Effect; Billing System; Patronage; MTN; 9Mobile; Telecommunication Services
SUKUK (ISLAMIC BOND) AS AN OPTION OF FUNDING CAPITAL PROJECTS IN NIGERIA: A CONTENT ANALYSIS APPROACH
ALHASSAN K. ABUBAKAR, KPANGA C. KPANGA, ADELEKE T. ADEWALE & FEMI P. FASHAGBA
Department of Accountancy, Federal Polytechnic Bida, Niger State
The infrastructural deficit experienced in Nigeria has spanned over decades mainly caused by poor budgetary allocation as recurrent expenditure always exceeded the capital vis-a-vis debt services. As the country is aspiring for a sound, stable and sustainable globally competitive economy with a GDP of not less than $900 billion, the present administration issued Sukuk for the first time in 2017 as another option in funding that year’s budget specifically addressing the road infrastructural deficit in the country. The study, therefore, critically reviewed the modus operandi as well as the nexus between Sukuk and the budget. To achieve this, the paper carefully assessed the work of previous scholars using descriptive and content analysis of the documented texts and scholarly articles. The findings posit that there exists a synergy between Sukuk and budget as it addresses the developmental challenges in Nigeria which include critical road infrastructure that triggers globally competitive economy and contributes to foreign exchange earnings to the government and promising returns to its holders with minimum risk. The study, therefore, recommends more research on Sukuk to explore the appropriate shari’a rulings on issuance and full commitments on the part of government to ensure prompt payment of the rent accruing semi-annually to its holders in order to improve the public trust and foster confidence on part of the investors.
Keynotes; Budget, Competitive Economy, Infrastructural Deficit and Sukuk