SUB-SAHARA AFRICAN JOURNAL OF MANAGEMENT SCIENCE AND ENTREPRENEURSHIP (SJMSE)
VOL 17 (7) DECEMBER, 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.
FOREIGN EXCHANGE RATE AND PROFITABILITY OF COMMERCIAL BANKS IN NIGERIA: AN EVALUATION OF ITS IMPACT
*HAUWA ALIYU YAMTA Ph.D; **DANJUMA TUSHA SUKANA; & ***YAKAKA GAMAMA
*Department of Banking and Finance, Faculty of Management Sciences, University of Maiduguri, Borno State, Nigeria. **Institute of Business Diplomacy and Financial Management, Wuse Zonne 5 Abuja. ***Department of Marketing, Faculty of Management Sciences, University of Maiduguri, Borno State, Nigeria.
Commercial Banks in Nigeria provide the highest liquidity in the Foreign Exchange (Forex) Market and account for almost all foreign exchange transactions. They also act as independent forex market participants (speculative or hedging operations) as well as act as intermediaries for their clients. In recent times, the Nigerian Banking Industry experienced a challenging fluctuation in foreign exchange rates which exposed commercial banks to foreign exchange risk resulting to instability in profit margin, expected future cash flows as well as significant losses. The objective of this study was to evaluate the impact of foreign exchange risk on the profitability of commercial banks in Nigeria between 1999 to 2018. The study’s target population constituted all the 22 commercial banks operating in Nigeria as at 30th June, 2019. The study obtained data from secondary source which entailed data on the macro-economic environment facing the commercial banks and their financial performance/profitability records. In analysing the data, Unit root test, Co-integration and Autoregressive Distributed Lag (ARDL) were adopted in the study and it was found that exchange rates have a significant positive effect on the profitability of commercial banks in Nigeria. It also revealed that exchange rate, inflation rate and interest rate have a significant effect on the profitability of commercial banks in Nigeria. The Study recommended that Government through the Central Bank of Nigeria should come up with effective measures and policies that will help control and stabilize the exchange rate between the naira and other foreign currencies. The study recommended that boosting external reserves is one effective method to stabilize exchange rate in order to reduce the volatility in foreign exchange rate and improve commercial banks’ profitability.
Keywords: Foreign, Exchange, Profitability, Commercial, Banks.
STRATEGIC ALLIANCING POTENTIALS BETWEEN UK TEXTILE INDUSTRY AND INDIGENOUS AFRICAN TEXTILE INDUSTRY: AN ANALYSIS OF POST-BREXIT IMPACT
*OLATUNJI, NNEKA ZELDA AND **OLATUNJI, EMMANUEL ADEKUNLE
*Department of Fine / Applied Arts, University of Benin, Nigeria. **Department of Business Administration, Delta State University, Abraka, Nigeria.
This paper focuses on the impact of Brexit on the strategic alliancing potentials between UK textile industry and indigenous African textile industry. In order to achieve this, four objectives were outlined. First, UK-African partnership in the Pre-Brexit Era was examined where it was observed that strong ties existed between the UK and the African region especially with trade and investment links before Brexit. Secondly, Brexit’s impact on indigenous African textile industries was discussed. Although, the full impact of Brexit on African indigenous textile industries is yet to be seen, the impact would be positive as well as negative for both parties. Thirdly, the alliancing potentials between the UK and African textile industries Post-Brexit were highlighted and it was seen that the promises which a strategic alliance between these industries holds are glaring as both regions will fully enjoy the bright side of the alliance as explained in this paper. Finally, this paper did not overlook the obstacles that could hamper the potentials for strategic alliancing between the UK and African textile industries. Despite the fact that textile alliances are more likely to create competitive advantage, achieve strategic competitiveness, earn above-average returns and improve overall performance, some elements such as selfish interest, power imbalance, insecurity, disparity in technology application, among others pose as issues limiting the formation of such strategic alliances. However, this paper concludes that despite the factors militating against this strategic alliancing potential between the UK and African textile industries Post-Brexit, there are enough reasons to expect a more positive outcome with some additional opportunities such as an opportunity for ‘pro-developmental stance.
Keywords: Strategic Alliance, UK-Africa, Textile Industry, Brexit
DIVERSITY MANAGEMENT AND WORKFORCE EFFECTIVENESS IN THE AGRICULTURAL AND RURAL MANAGEMENT TRAINING INSTITUTE, ILORIN
EMMANUEL OLANIYI, DUNMADE, PhD; ISMAILA BOLARINWA, KADIRI, PhD; & IDOWU JAMIU YAHAYA
Department of Industrial Relations & Personnel Management, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria.
Diversity is a growing reality requiring recognition and priority attention at work since it impacts on the employees’ performance. The study examined the effect of diversity management on the employees’ performance in the Agricultural and Rural Management Training Institute (ARMTI), Ilorin, Kwara State, Nigeria. The sample size of the study stood at 168 with the use of structured questionnaire as the instrument of data collection, while random sampling technic was employed for the study. This was consequent to the method’s ease of usage and ability to precisely represent a large population. The used descriptive statistics included simple percentages and tables, while utilized inferential statistics were correlation; and multiple regressions. The findings of the study showed significant effect of ethnic dissimilarity on employees’ performance [t (136) = 0.381, p<0.05]; and also indicated that gender difference has a significant effect on employees’ performance [t (136) =0.145, p<0.05] in ARMTI. The study concludes that there is significant effect of diversity management on workforce effectiveness in ARMTI. The study therefore recommends assignment of tasks to employees having relevant skills for the enhanced work performance and also team building activities so as to ensure bonding of staff with different ethnic background in the organization.
Keywords: Employee Performance; Diversity Management; Globalization; Human Behaviour; and Workforce Diversity,
THE IMPACT OF MOBILE MARKETING ON PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN NIERGIA
1DAMILOLA OMOWAYE; 2BELLO TAOFIK ABIDEMI, PhD; 2UMAR SHEHU; & 2ALI SIRAJO
1Distance Learning Center, Ahmadu Bello University. 2Department of General Studies, Nigerian Institute of Leather and Science Technology Zaria.
The objective of this research work is to investigate the impact of mobile marketing on performance of Small and Medium Enterprises in Lagos, Nigeria. Mobile marketing is one of the latest direct marketing communication channels and is becoming increasingly popular among marketers, owing to an array of benefits it offers, both to the potential customers as well as businesses. Structurally, the paper investigates the value of incorporating mobile marketing into the marketing mix, and especially direct marketing practices of business enterprises. The study sampled eighty seven SMEs operating in Lagos state and used correlation analysis. The findings revealed significant relationship between mobile marketing and performance of SMEs in Lagos state in terms of efficiency and marketing.
Keywords: Electronic marketing, SME performance, managers
MANAGING THE FAMILY AND MARKETING/SALES JOBS IN NIGERIA A CRITICAL APPRAISAL OF NIGERIAN WOMEN
AYOZIE DANIEL OGECHUKWU, Ph.D
Federal University Lokoja, PMB 1154 Lokoja, Kogi State Nigeria.
This seminar paper will evaluate the role of women/females in the field sales/marketing jobs, identify their problems and setbacks, and proffer solutions that will enable organizations to have a second thought on the positive role women in the marketing/business environment. NB: The term “Salesman” and He” are not intended to be exclusive, but are used for simplicity’s sake, to avoid the reiteration of salesman or woman and he or she, each time a practitioner of the profession is mentioned, unless where it is necessary the gender differentiation is made, and the appropriate word ‘She’ or saleswoman is used, since the paper is on women/females.
Keywords: female, marketing, selling, attitudes, culture
MANAGEMENT UTILIZING FUNCTIONAL COUNSELLING TECHNIQUES TO SUSTAIN LESS PRIVILEGE STUDENTS IN SECONDARY SCHOOLS IN THE SUB-SAHARA REGION
*AFU MARIA OWAN (Ph.D); & **LOVE EFFIONG EBUK (Ph.D)
*Department of Guidance and Counselling, Faculty of Education, University of Abuja, Nigeria **Department of Educational Management, Faculty of Education, University of Abuja, Nigeria
The researchers investigated management utilizing functional counselling techniques to sustain less privilege students in secondary schools, Gwagwalada, Nigeria Sub-Sahara region. The study was carried out in junior and senior secondary schools in Gwagwalada Area Council, Abuja. The population of the study was 18 junior and 8 senior government secondary schools in Gwagwalada Area Council, Abuja. The sample of study were 18 principals, 36 vice principals from junior secondary schools and 8 principals, 16 vice principals form senior secondary schools totaling 78 respondents (FCT EMIS, 2017). All these respondents were considered for the study through purposive sampling technique. Questionnaire on “Management Utilizing Functional Counselling Techniques to Sustain Less Privilege Students” (MUFCTSLPS) was used to collect data for study analysis. The questionnaire was validated by experts in the Department of Guidance and Counselling, University of Abuja. The reliability was carried out through pilot study, 10 questionnaire were given to respondents from the study population to respond to. Two sets of data were collated from the instruments by split-half method and were analyzed using test-retest analysis. The coefficient reliability index achieved was 0.68. Sample frequency was used for data collation, mean statistics was used to analyze data got from the research questions and Chi-Square statistics was used to test the research hypothesis. The findings revealed that management used functional counselling techniques to sustain the less privilege students in secondary schools. Due to the finding of the study, the researchers recommended that government should ensure that functional guidance and counselling education are taught in secondary schools, management of secondary schools should make sure that all less privilege students benefits from functional counselling secondary school management should make sure that qualified counsellors or experts carryout counselling services. The secondary school management should ensure that functional equipment and appropriate resources are provided for guidance and counselling education to take place.
Keywords: Management, Utilizing, Functional Counselling Techniques, Less Privilege Students, Sub-Sahara Region.
ENTREPRENEURIAL TRAINING AND ORGANIZATION PERFORMANCE: EVIDENCE FROM COOPERATIVE SOCIETIES IN NIGERIA
OMOTOSHO ABDULWAHEED OLAJIDE
Department of Business and Entrepreneurship, Kwara State University, Nigeria
The primary aim of cooperative societies are to provide social and economy needs of their members, also to enhance quality livelihood of their members. Members of cooperative societies in Nigeria are faced with major challenges such as investment decision, lack of marketing activities, loan delinquency and sit tight syndrome amongst other. As a result of these problems, improving cooperative members training had become utmost importance. This study investigate the effect of entrepreneurial training predictors such as financial literacy training (FLT) and marketing training (MT) on the organization performance used 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 multiple regression analysis was explored for the study. Descriptive analysis showed that all predictors of entrepreneurial training measured were evenly distributed. Therefore, the result of multiple regression analysis showed that there is significant relationship between entrepreneurial training dimensions (such as financial literacy training, marketing training) and performance of cooperative society’s antecedents (such as job creation and start-up development). The study found that both two proposed hypotheses have a positive significant effect on the performance of cooperative societies. Further findings showed that entrepreneurial training dimensions such as financial literacy training and marketing training play an important role on the performance of cooperative societies. The study concluded that financial literacy training and marketing training is an important variables that helps and equip members of cooperative societies in the area of skills, knowledge, attitudes and confidence to create financial opportunities and financial risks. It was recommended that cooperative societies should focuses on financial literacy and marketing training that could leads to job creation and facilitate start-up development not only for cooperative members and but for the society at large.
Key word: Entrepreneurial training, financial literacy training, marketing training, job creation, start-up development, performance, cooperative society
CORPORATE SOCIAL RESPONSIBILITY: A CATALYST FOR SUSTAINABLE SOCIETAL DEVELOPMENT (NIGERIAN BOTTLING COMPANY PLC, ILORIN PLANT IN FOCUS)
*ISHOLA, JAMES ARANSIOLA; **MRS. ALICE ADEPEJU AMOO; & ***DANGANA KAYODE ABIODUN
*Department of Marketing, Kwara State Polytechnic, Ilorin **Department of Businesss Administration and Management, Kwara State Polytechnic, Ilorin ***Department of Purchasing and Supply, Kwara State Polytechnic, Ilorin
The evolving trend in today’s business activities has made it imperative for organization to be more social, ethnical and economic responsible to their host communities and stakeholders so as build brand images, attract and retain customers and make more profit. It is in this light that organizations today embrace and embarks on various Corporate Social Responsibility (CSR) as commitment to behave ethnically, contributing to economic development of their local coin/minify and improving the quality of life of their workforce. This research therefore examined how CSR serves as catalyst for sustain noble societal development. Objectively, the paper examined what CSR is, its effects on both the organization and the host communities, and areas in which Coca-Cola Industry has been involved in CSR. Information inform of data were collected through the use of structured questionnaire randomly administered both to the staff of Coca- Cola and host communities who served as respondents. Interview of some senior staff of was carried out while other information from the company annual report and internet were collected. These research work employed both descriptive and inferential statistical methods of analysis such as simple table using percentages and chi-square to test the formulated hypothesis. Findings revealed that Coca- Cola industry made effective use of CSR which has helped lo improve the socio-economic life of the host communities and also has helped to promote the image and increase profitability level of the organization. Also, it has led to peaceful co-existence between the organization and the host communities. The paper recommends that Coca- Cola Industry, Ilorin .should try improve more their CSR activities -so that the desired objectives of the organization could be achieved and that the sustainable development may be attained.
Keywords: Corporate Social Responsibility (CSR), Sustainable Development, Stakeholders. Etc.
FUNDING OF CAPACITY BUILDING PROGRAMMES IN NIGERIAN UNIVERSITIES: AN APPRAISAL OF TETFUND UTILISATION IN UNIVERSITY OF IBADAN
ORJI, CHRISTOPHER MICHAEL
Human Capital Policy Department, Nigerian Institute of Social and Economic Research, (NISER) Ibadan, Nigeria.
Tertiary Educational Institutions (TEIs) have been the source of innovation and technological advancement for communal and national development. This is propelled by enhancing the personal intellectual capacity and competence of academic staff of universities through sponsored capacity building programmes. Hence, many developed and developing countries alike, are tackling developmental deficiencies via research and innovations. As TEIs interact with other public establishments and the industries particularly to remain relevant and focused in innovations they, thereby enhance innovations and thereby creating developmental opportunities. Therefore, incorporating research and innovations into extant national developmental agenda is paramount but research skills capacity building is much more important. In the globalization context too, competitiveness of emergent fledging national or regional economies in recent times necessitates functional role for the TEIs, and the universities particularly, expectedly are no longer being confined to, or preoccupied with, their traditional pedagogical roles. There is a renewed focus on knowledge revolution which demands evolution of research-development linkage anchored on critical research thinking and methodological skills. However, over the years funding of research capacity was constrained in TEIs, thus research skills and capacities may have been affected. Besides, the culture of non-regards to research and development in public and private endeavours is rife, so sponsored research capacity development is low. Following the establishment of an intervention fund; the Tertiary Education Trust Fund (TETFund) it was envisaged that research activities will be revved thereby. Hence, the paper applying secondary and contextual analysis disaggregated the utilisation of the fund at the University of Ibadan. The prime purpose of the paper was to showcase fund utilisation amongst the various faculties in the premier University in Nigeria.
Keywords: Capacity-building programme, Research & National Development, TET-fund, Nigeria.
HUMAN RESOURCE PLANNING (HRP) AND BUDGETING: AN AGENDA FOR A FUNCTIONAL PUBIC SERVICE
SULE AHMED; HADIZA USMAN KYARI; & ELIZABETH LUKA MUSSA
Department of Business Administration and Management, Ramat Polytechnic, Maiduguri, Borno State, Nigeria.
For the public service to remain relevant and functioned, in the discharge of its responsibilities, the government needs to critically review its human resource planning and budgeting activities. A realistic budget, serving as both planning and control techniques, can enhance effective human resource planning and utilization in the public service. This paper begins by offering a conceptual clarification of HRP and budgeting, and notes the significance of developing and maintaining q functional public service. It further discusses the budget as a planning technique as veil as budget premises, in HRP. The paper concludes by emphasized the need for the public service, like the private sector, to develop realistic staff budgeting to be able to effect the HRP and achieve maximum efficiency and effectiveness. It is recommended that provision of adequate budget should be provided to easy planning execution and adequate supply of new technologies that will enhance efficiency, time wastage and quality planning.
Keywords: Human, Resources, Planning, Budgeting, Public Service
IMPACT OF GLOBALIZATION AND INFORMATION COMMUNICATION TECHNOLOGY ON THE PRACTICE OF ACCOUNTANCY PROFESSION IN NIGERIA
ALI USMAN MAMUDA; & BABAGANA MALLAM ABATCHA
Department of Accountancy, Ramat Polytechnic Maiduguri.
The extent of considerable services being provided by the professional accountants in Nigeria makes their roles to be subjected to changes with the change of time, business and economic policies. This study was conducted to examine the impact of globalization and Information and Communication Technology (ICT) on the practice of Accountancy Profession in Nigeria. The data for the study were collected mainly from questionnaire. The analyses and interpretations from this work were strictly based on the information obtained from selected practicing professional accountants in Nigeria. The population for this study is professional accountants in North East Nigeria. A sample size of 182 professional accountants in public practice, private sector, audit firms and sole practitioners was selected from the North East Nigeria using random sampling technique. One hundred and eighty-two (182) copies of questionnaire were successfully filled and retrieved. The study discovered that professional accountants in audit firms are equipped with ICT and knowledge of global financial practice. However, the study discovered that other professional accountants working in public or private sectors are not properly equipped with ICT and global financial practice. The study recommends among others that professional accountants must ensure that they acquire basic technical knowledge, conceptual understanding, analytical skills, intellectual ability and sound communication skills. They should also be proactive in approach and always ready to face challenges of the financial world through efficient and relevant ICT training. This can also be achieved through engaging in acquiring training and re-training from their professional bodies and proficient ICT centres as well as reading widely to be conscious of the global financial practice and technological advancement.
Keywords: ICT, Globalisation, Professional Accountants, Technological Advancement,
IMPACT OF COVID-19 PANDEMIC ON PERFORMANCE OF SMES IN KADUNA METROPOLIS, NIGERIA
¹OLATUNJI, T. E., ²ALIYU SIRAJO, ³SIRAJO ALI AND ⁴TASIU ABUBAKAR DANMUSA
1-3Directorate of Academic Planning, Nigeria Institute of Leather and Science Technology, Zaria. ⁴Directorate of Research and Development, Nigeria Institute of Leather and Science Technology, Zaria.
The study examined the impact of Covid-19 pandemic on selected small and medium enterprises in Kaduna metropolis-Nigeria. Three essentials- food and consumables, pharmaceuticals, oil and gas in Kaduna metropolis were purposively sampled. Data were collected with the administration of structured set of questionnaire on 110 SMEs which were selected purposively. Results indicated that the enterprises experienced moderate reduction in production and sales during the lockdown. It was also reported that the enterprises experienced a spike in reduction of contracts and deliveries. In the light of the foregoing, it was recommended that policy makers and all stakeholders in SMEs in Nigeria should set aside emergency fund targeting SMEs in the country. Deferment of taxes or waiver of taxes, lower of interest rate could also be embarked on by the appropriate policy makers to make SMEs remain afloat during and after Covid-19 pandemic.
Keywords: Impact, COVID-19, Pandemic, Performance, Small and Medium Enterprises
AN EVALUATION OF VALUE ADDED TAX IN NIGERIA, PROSPECTS AND CHALLENGES
MRS. MATHEW LEATU BALA
Department of Office Technology and Management (OTM), Adamawa State Polytechnic, Yola; College of Administrative and Business Studies, CABS, Numan.
There is no country that will be self-reliant without generated revenue for the provision of social amenities to its citizens. The paper highlightens the impact of VAT on imported goods into Nigeria, get the objectives of this paper numerical information (data) were collected using the secondary sources of data gathering which include journals, textbooks, information on the net which advices VAT not only in Nigeria but other selected countries worldwide and the analysis was descriptive. In Nigeria VAT is faced with myriads of problems which includes complex tax lairs, inadequate and poor administration led by Nigeria as they think as VAT lack attribute that leads to benefits, inadequate funding of the revenue services, lack of tribunals related to VAT cases and above all the issue of tax avoidance and tax evasion is probably the most challenging issue to the realization of VAT benefits. Then, the 5% VAT in Nigeria has been considered the least in the world. However the paper concludes that for VAT to produce benefits to Nigerians, challenges like those mentioned above must be addressed by enforcing laws that will prevent tax avoidance and tax evasion and total fight of corruption. The 7.5 % VAT presently applied in Nigeria will yield more benefits as discovered during research on this paper.
Keywords: Value Added Tax, avoidance & Evasion, Levy, Taxation, Revenue.
ASSESSING QUALITY CONTROL MEASURES AND HOW THEY AFFECT PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN ANAMBRA STATE
NDIFE, CHINELO FRANCA
Department of Business Administration, Federal Polytechnic Oko, Anambra State, Nigeria.
This research was a survey which elicited opinions of staff of selected manufacturing companies in Anambra State, Nigeria. The study sought to assess quaility control measures and how they affect performance of small and medium scale enterprises in Anambra state. The study used a simple random sample of 300 employees from 20 selected manufacturing companies in Anambra State. The primary source of data which was sourced using questionnaire was employed in the study. The Chi-square test of independence was used in testing the required hypotheses at 5% level of significance. The results reveal that there is significant association between strategic quality planning and customer satisfaction. The result also shows that there is a significant association between customer quality orientation and customer loyalty. It was further found that there is a significant association between top management support and product quality. These results lead to the conclusion that the quality control measures employed by SMEs in the study area have significant association with their performance. This study therefore recommends improved quality control management for enhanced performance of SMEs. The government, stakeholders and policy makers are therefore encouraged to make policies that will influence better quality management by small and medium scale enterprises in the study area.
Keywords: Assessing, Quaility Control, Performance, Small and Medium Scale Enterprises, Anambra State.
EFFECT OF SHOP COMMUNICATION ON CUSTOMER LOYALTY AMONG SELECTED PHARMACEUTICAL CHEMISTS IN MAIDUGURI METROPOLITAN COUNCIL, BORNO STATE
MOHAMMED HASSAN1; MOHAMMED AUWALU WAZIRI2; & BABAGANA ABUBAKAR3
1&2Dept. of Marketing, Ramat Polytechnic Maiduguri 3Department of Marketing, University of Maiduguri.
This study examined the effect of shop communication on customer loyalty among pharmaceutical chemists in Maiduguri Metropolitan Council. The population of the study was three hundred and ninety thousand six hundred and seven (390,607) with a sample size of three hundred and ninety nine (399) respondents obtained using Yamane 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 social sciences (SPSS). The major finding of the study revealed that there is significant effect of shop behaviour on customer loyalty among pharmaceutical chemists among Maiduguri Metropolitan Council. The study recommends that managers should ensure that effective and efficient communication will go a long way in persuading customers’ loyalty about the products, managers should also focus attention on customers’ attitude and perception of products through effective communication, because emotional appeal and message come through efficient communication.
Keywords: Shop Communication, Customer Loyalty, Pharmaceutical Chemists
ASSESSMENT OF IMPACT OF COVID-19 ON THE FUNCTIONALITY OF ONLINE BANKING IN NIGERIA
1OGUNLADE OLABAMIJI 2ODEBIYI, ITUNU I, 3AYO-OYEBIYI, G.T, 4ADEYEMI, MARIAM ADEBISI
1Department of Accountancy, The Polytechnic, Ibadan, Nigeria 2Department of Business administration, Federal Polytechnic, Bida, Nigeria 3Department of Banking and Finance, Osun State Polytechnic, Iree, Nigeria. 4Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
The study assesses the impact of COVID-19 on the functionality of online banking in Nigeria. The survey research design was adopted for this study while purposive sampling technique was used to select 25 staff members each from Zenith Bank, Guaranty Bank, First Bank, Access Bank, and United Bank for Africa totaling 200 respondents from their branches in the three major cities such Osogbo, Ilesa, and Ile-Ife, in Osun State. Data analysis was performed with the aid of mean, chi-square, and factor analysis. The study establishes that novel COVID-19 pandemic has forced Nigerian banks’ customers to adopt online banking services. However, it has resulted in to increase in non-performance loans, customers’ dissatisfaction due to lock-out syndrome and, heavy stamp duty charges and other charges, closing down of many bank branches, and lay off of many staff members. Consequently, the management of Nigerian banks should continue to leverage information technology and make mobile application friendly to the users, while the Nigerian government should provide a conducive environment for online baking to thrive.
Keywords: COVID-19, Online Banking, Non- performing Loan, Digital Transformation
THE INTERNATIONAL FFINANCIAL REPORTING STANDARDS (IFRS) ADOPTION CHALLENGES ON CORPORATE TAX IN NIGERIA
*YUSUF MUHAMMAD SANI; **ALHAJI KAWUGANA PhD; **SHEHU ADAMU JUMBA *ADAMU YAHUZA; & *UMAR ABUBAKAR
**Bursary Department, Federal Polytechnic P.M.B.0231 Bauchi, Bauchi State.Nigeria *Accountancy Department, Federal Polytechnic P.M.B.0231 Bauchi, Bauchi State.Nigeria.
The Purpose of this study is to examine the impact of the adoption of IFRS on tax practices in Nigeria. International Financial Reporting Standards(IFRS) is a set of standards in principles-based that needs full reasoning, clear judgement and deep understandingfrom its user. Lack of understanding and judgement will indicate that managers have bigger flexibility. Also,Business environment and a fundamentally different situation determine the form and content of accountingstandards.To this end, the research objective among others examined the impact of the adoption of IFRS on tax practices in Nigeria with a view of determining its extent and quality on corporate financial reporting. The article also compares the Nigerian GAAP with that of the IFRS and asserts that there is a high level of adoption complianceparticularly in the financial institutions industry and other corporate bodies with little hitches. This methodology adopted is based on data obtained from literature in the context of worldwide convergence, compliance and adoption processes of IFRS. Recommendations were made amongst which are; provision of proper guidelines on implementation and introduce awareness programme to improve the degree of compliance.This research is able to give a new paradigm in the adoption of IFRS that needs a comprehensiveunderstanding for its user.
Keywords: IFRS, Tax,Returns, Transition to IFRS, Challenges of IFRS Adoption,
EFFECT OF ORGANIZATIONAL CULTURE ON PERFORMANCE MANAGEMENT OF POLYTECHNICS IN NIGERIA
1HABU JINGI UMAR 2DANIEL MARCEL AND 3ABUBAKAR SAIDU BASHIR
1Department of Office Technology and Management Federal Polytechnic, Mubi Adamawa State Nigeria. 2 Abubakar tafawa balewa University, Bauchi, Bauchi State, Nigeria 3Federal Polytechnic, Mubi Adamawa State Nigeria.
The aim of this study was to examine the effect of organizational culture on performance management of federal polytechnics in Nigeria. Speciﬁcally, it looks at whether organizational culture (power distance, uncertainty avoidance, masculinity, individualism) has an interceding effect on the Federal polytechnic performance management. Established on the literature review of organizational culture, performance management, the theoretical model for this investigation was formed. The quantitative cross-sectional research was used. A self-controlled survey was utilized to gather information from employee of federal polytechnic in Nigeria. the sample size for the study was 265 employees of Federal Polytechnics in North East, Nigeria. Simple random sampling techniques were to select the employees in the study. In determining the relationship, SPSS version 24 was utilized. Measurable results add to the literature by showing a positive direct effect of uncertainty avoidance and masculinity on Federal polytechnics performance management. While, power distance and individualism shows has no significant effect on performance management of Federal Polytechnics in North East. The results of this study give awareness into Federal Polytechnics in the present unique education setting, concentrating on good organizational as an instrument for improving their performance management. The outcomes can help Federal Polytechnics by giving direction with regards to the organizational culture, on account of its effect on the effective execution of performance management, in this way improving the dimension of performance.
Keywords: performance management, organizational culture, Federal Polytechnics.
THE ROLE OF MICROFINANCE ON THE DEVELOPMENT OF SMALL SCALE MEDIUM ENTERPRISE
IBRAHIM ABUBAKAR DAWAKI
Adamu Tafawa Balewa College of Education Kangere Bauchi, Bauchi State.
This paper examines the role of micro finance on the development of Small Medium Scale Enterprise (SMEs). Micro finance plays a very important role in the current knowledge economy. It is vital for Small Medium Scale Enterprises to participate in the economy in other to compete and thrive in the future. Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. Microfinance is also the idea that low-income individuals are capable of lifting themselves out of poverty if given access to financial services. Data for this study was collected from both primary and secondary sources. The data from primary sources was collected by the use of questionnaire and interviews. The questionnaire data was analyzed vide the use of statistical technique of percentage calculation and secondary sources such as journals, newspapers; reports etc.It was discovered that there is high level of corruption and fraud in the Nigerian financial system. It is recommended that microfinance if properly managed, it will not only enhance credit advancement to bank customers, but also play a vital role in the development of small medium scale enterprise
Keywords: Micro finance, Small, Medium, Enterprise, Development
REVENUE GENERATION IN THE FEDERAL POLYTECHNIC BAUCHI: CHALLENGES OF DECLINE IN REVENUE AND THE WAY FORWARD.
RAKIYA ABBA1; PRINCEWILL ISAAC NJARENDY2; & NNUBIA CHINEDU LAZARUS3
1Department of Banking & Finance, School of Business Studies, Federal Polytechnic Bauchi, Nigeria. 2Department of Banking & Finance, Modibbo Adama University of Technoloogy, Yola 3Department of Public Administration, Bauchi State University Gadau.
Revenue is a very essential element of substance and accomplishment. It is a source from which government draws its strength for survival, a propelling ingredient of administration which cannot in any way be treated carelessly. It is the nucleus and the path to modern development. The purpose of this research therefore is to look at the various problems faced in generating revenue in Federal Polytechnic Bauchi, provide the various ways by which this institution can generate and manage internally generated revenue (IGR) to supplement that of government subventions which has been taken for granted in Nigeria and also recommend solutions to the problems at hand. The research methodology will entail the use of secondary source of data. Statistical data are instruments to be used for the study. The research will span from 2001 – 2016. The expected results will be the introduction of new business outlets as processes of generating revenue to the institution, comparison on other institutions’ sources of revenue generation as well as control measures to be adopted by the management for expenditures that are not necessary.
Keywords: Revenue, Institutions, Government, Funding.