BERKELEY INTERNATIONAL JOURNAL OF AFRICAN RESEARCH & SUSTAINABILITY STUDIES (BJARSS)
VOL. 19 NO. 2 – MARCH, 2022
Published by:
Berkeley Research and Publications International,
Bayero University, Kano, PMB 3011, Kano State, Nigeria.
+234-708-717-3247 || Email: berkeleynigeriapublications@gmail.com
PAPERS:
NIGERIA PERSPECTIVES ON THE ROLE OF ENTREPRENEURSHIP IN ACHIEVING SUSTAINABLE ECONOMIC DEVELOPMENT
DR ABU ZEKERI
Department of Business and Entrepreneurship, College Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria.
ABSTRACT
The paper examined Nigeria perspectives on role of entrepreneurship in achieving sustainable economic development. It grasps entrepreneurship as panacea towards achieving sustainable economic development in Nigeria. The objective of the paper was to determine whether entrepreneurship can lead to sustainable economic development in Nigeria. The study builds on existing literatures on sustainable development and entrepreneurship as base for the study, it employs both theoretical and empirical literatures with the aid of secondary data. Findings reveal that entrepreneurship, if given needed attention by the government, sustainable economic development will be achieved in the country in no distant time. The paper concluded that entrepreneurship is essential for rapid and sustained economic growth and sustainable development in the country. It therefore recommends that Nigerians should exploit the various economic opportunities in the economy to their advantage, government and other institutions should also channel their effort towards building desirable entrepreneurship development practices and also create a favourable environment for entrepreneurship development which will be devoid of social insecurity that hampers foreign and domestic investment, and adequate infrastructural facilities be put in place.
Keywords: Entrepreneurship, Economy, Nigeria, Sustainable Development, Entrepreneurship Development
A STUDY ON THE RELATIONSHIP BETWEEN PRIVATE SECURITY COMPANIES AND THE POLICE IN CRIME PREVENTION AND CONTROL N SABON-GARI LOCAL GOVERNMENT AREA, ZARIA, KADUNA STATE NIGERIA
*NDALAZHI FLORENCE; *GODWIN AGABA OCHUBE; & **KOLO, JOHN NDASHIRU
*Department of Sociology, Ahmadu Bello University, Zaria. **Department of Social Welfare Administration, Niger State, Polytechnic Zungeru
ABSTRACT
The study examined the relationship between Private Security Companies and the Nigerian Police Force in Crime Prevention in Kaduna State. They used both qualitative methods through the administration of questionnaires to residents of the Local government and also qualitative methods through in-depth interviews conducted with personnel of private security companies, vigilante heads and political ward leaders in order to determine the relationship between PSCs and the Police in crime prevention in the study area. The study adopted System theory as a theoretical framework for the study. Findings show that Private Security Companies play an important role in crime prevention and their services are of great benefit to the communities. However, there is a poor relationship between the security companies and the Police in terms of collaboration in preventing crime in the area. The study recommends that there should be collaboration between the police and private security companies to enhance their efforts in preventing and controlling crime rate in the local government area.
Keywords: Private Security Company, Police, Crime Prevention, Control, Kaduna State.
ECONOMIC EMPOWEREMENT DEVELOPMENT STRATEGY AND NIGERIA’S NATIONAL DEVELOPMENT: AN OVERVIEW
ADAMU MOHAMMED
Department of Political Sciences, Faculty of Management and Social Sciences, Federal University Gusau, Zamfara State.
ABSTRACT
Starting from the late 1970s, Due to the astronomical socio-political crises Nigeria has experimented with varying degrees of reform packages aimed at resolving these crises. However, these reform programmes instead of ameliorating these crises seemed to have deepened it and thus threw the economy on the throes of acute indebtedness and dependence. In 2003, the civilian government in Nigeria initiated yet a new reform package proclaimed as homegrown strategies to rectify the lingering structural rigidities and bottlenecks in the economy. This reform is based on National Economic Empowerment and Development Strategy (NEEDS) – revised version of Poverty Reduction Strategy Papers (PRSP) of the IMF and World Bank. This study argues that NEEDS policy document is not adequate enough as a reform programme for Nigeria, instead of ameliorating it rather worsen poverty situation in Nigeria. It is the position of this work that NEEDS as an offshoot of SAP and essentially, shares its objective and strategies for achieving macroeconomic stability and economic growth. It therefore argues that the road to economic El Dorado and development in Nigeria is still faced with monstrous hurdles. Equally, the researcher adopted system theory as the main theoretical base of the study to assess NEEDS achievements and challenges in Nigeria. This enables the study to further confirm that failure of previous attempts at poverty alleviation and economic reform policies largely contributed towards hiking the tempo of poverty thereby rendering the poor vulnerable in Nigeria. Thus the study recommends that Nigeria should learn from the Asian Tigers by adopting and designing a manual for Nigeria’s economic emancipation, there by taking into consideration domestic factors as pillars for sustainable economic and poverty alleviation policies for critical and realistic development.
Keywords: Economic Empowerment, Development, Strategy, Nigeria, National development.
APPRAISAL OF INEC AWARENESS CAMPAIGN IN PROMOTING VOTERS EDUCATION DURING 2019 GENERAL ELECTIONS IN NIGERIA: A STUDY OF AMAC METROPOLIS, ABUJA
*OKAIYETO, SIMON AYODELE; **DANCE, AYUBA MAIKASUWA
*Department of Mass Communication, Salem University, Lokoja, Nigeria. **Nasarawa State University, Keffi
ABSTRACT
This research work assesses the campaign strategies INEC used in enhancing voters education during 2019 general elections in Nigeria. The literature and theories used for investigating and supporting this area mainly focused on the four most important concepts for this study, Strategic Communication, Communication Strategies, Political Education, Voters Education, Political Participation, Voting and voters Behaviour, The Indipendent Electoral Commistion (INEC), the 2015 General Elections, The 2019 General Elections, INEC Voter’s Education Strategies and Voter’s Apathy and Elections in Nigeria. Through self-administered questionnaire, data was collected from 384 respondents and were descriptively and inferentially analyzed. The findings generated from study objectives and the hypotheses showed that INEC use various media outlet such as the mainstream media, social media, town hall meeting, workshop among others for voters education. The level of voters’ education is high. INEC voter education campaign is very much related to the knowledge voters have on the 2019 general election. INEC campaign strategies has significance effect on the level of voters’ education during the 2019 general election. INEC campaign strategies has significance effect on the enhancement of voters’ education during the 2019 general election. Pre-election and post-election voter education and enlightenment programmes on radio and television nationwide have shown significant success. Thus, INEC should not relent in using mainstream media that both urban and rural areas have access for voters education. This will ensure grassroots enlightenment forums and outreach activities in Local Government Areas .
Keywords: Awareness Campaign, General Elections, Voters Education & Nigeria
VALUE ADDED TAX AND ECONOMIC GROWTH OF NIGERIA (A CRITICAL APPRAISAL)
OZIGBO A. SYLVESTER
Department of Banking and Finance, Delta State University of Science and Technology, Ozoro
ABSTRACT
This research is focused on the impact of Value Added Tax on Economic Growth in Nigeria. It covers the period between 1999 and 2019. Secondary data sourced from the Central Bank of Nigeria Statistical Bulletin as well as Nigeria Bureau of Statistics were utilized. The ordinary least square estimating technique was adopted. The result revealed that Government expenditure, Investment and Value Added Tax were statistically significant to changes in Economic Growth in Nigeria. However, human capital development was not statistically significant to changes in Economic growth with in the period covered by the study. It was therefore recommended that even though Value Added Tax is marginally significant to changes in economic growth, government should not increase it to fund annual budget. Government is also advised to increase acquisition of skills of its labour force to boost human capital segment. Also government should increase capital expenditure which is the productive aspect of her annual expenditure instead of the usual lion share given to recurrent expenditure in annual budget. This is the only way economic growth can be sustainable in Nigeria.
Keywords: Value Added Tax, Underground Economy, Human Capital, Crowding out of funds, Neoclassical growth model.
ASSESSMENT OF INFORMAL E-WASTE REFURBISHING ACTIVITIES IN NIGER STATE, NIGERIA
ABDULSALAM ABDULMAJEED B., OWODUNNI, A. S., KAREEM, W. B.
Department of Industrial & Technology Education, Federal University of Technology Minna, Niger State, Nigeria
ABSTRACT
Electronic waste (e-waste) has become a growing concern in today’s environment, particularly in developing countries like Nigeria, which has given rise to a new environmental challenge and health problems. This study assessed the activities of informal E-waste refurbishing in Minna, metropolis, Niger State. The study adopted a mixed method research design. The targeted population for the study was 428 respondents. True Non-probability sampling techniques, snowball and convenient sampling sampling techniques was used to draw 40 EEE Repairers/Refurbishers, 40 EEE local Recyclers, 30 collectors and 79 regulators taken from (NISEPA 50, NESREA 40, FME 7) in Minna metropolis Niger State. Structured questionnaire items and structured interviews questions were used for data collection. The instrument was validated by three experts and Cronbach Alpha was used to ascertain the extent of the internal consistency of the instrument and a reliability coefficient of 0.82 was obtained for the entire instrument. Data was collected and analyzed using statistical package for social science (SPSS version 21). Mean and standard deviation were used to answer the research questions, while ANOVA was used to test the hypotheses at 0.05 level of significant. The study found that E-waste is discarded indiscriminately along streets, those that generate E-waste are liable for disposal, and E-waste refurbishing activities are carried out without the use of personal protective equipment. E-waste is dismantled and disassembled to extract valuable materials, while non-value materials are inappropriately disposed of and burned in the environment. The study recommended, among others, that that residents and e-waste workers should be enlightened and sensitized on how to handle e-waste; the government should set up an effective monitoring system for proper e-waste handling in Niger State, Nigeria.
Keywords: E-waste, collection activities, Refurbishing activities, Techniques for improvement, Assessment
ASSESSMENT OF CONSTRUCTION FIRMS PRACTICE TOWARD SITE ACCIDENT REPORTING IN ABUJA
HASSAN, A. N.; MOHAMMED, Y. D.; SHITTU, A. A.; & ADAMU, I.I.
Department of Quantity Surveying, Federal University of Technology, Minna.
ABSTRACT
This study aimed at assessing the practice of construction firms toward site accident reporting in Abuja. The study adopted a survey design approach using quantitative data with the aid of questionnaire as a means of data collection from 255 construction firms registered with Abuja Business Directory. Criteria were set for the construction firms assortment out of which 90 construction firms were selected by the use of snowball sampling technique in accordance to the set criteria. Relative Important Index (RII) was use to analyse the data collected. Findings from the study revealed that lack of safety commitment by management, no feedback, lack of any health and safety regulatory body, lack of time and lack of experience are the major factors that have high influence on the practice of site accident reporting. In addition to the study findings, it was revealed that the roles government play in ensuring that the construction firms report all injuries and deaths to the occupation health and safety office and ensuring that any construction firm who commits an offence against the provision of the regulation shall be liable to pay a fine or be imprisoned for a term were considered to be low. It was concluded that increasing awareness of health and safety in relation to site accident reporting will lead to reduction of under-reporting of accident on site as well as improving the safety performance of workers on site. It was recommended that government should set up a safety and health committee to inspect workplace after the occurrence of an accident and ensure that regulations regarding such should be enforced as well as ensuring that construction firms report accident to the set committee.
Keywords: Under-reporting, site accidents, construction firms’ practices, health and safety, roles of government.
RISKS OF COVID 19 PANDEMIC ON THE WELLBEING OF CIVIL SERVANTS IN ONDO STATE NIGERIA
ARIYO AYODELE OLUWAKAYODE (Ph.D); ADEBAYO AYODELE DAVID; & ADISA TIMOTHY OLUWOLE
Department of Physical and Health Education, School of Science, Adeyemi College of Education, Ondo, Nigeria.
ABSTRACT
Health is said to be wealth and is the greatest gift a man can get from the creator. This study investigated the risks of COVID-19 pandemic on the wellbeing of civil servants in Ondo state, Nigeria. A descriptive research design was adopted and the research data was collected using a well-structured and self-developed questionnaire tagged (RCOVIDWCS) and validated. Three hundred (300) respondents were used for the study. The hypotheses formulated were tested using Chi-square statistical tool at 0.05 level of significance. Five hypotheses were formulated and the findings of this study clearly showed that social distancing, hand-washing, use of face masks, affordability of COVID 19 test and trust of COVID 19 vaccine all have significant relationship on the wellbeing of civil servants in Ondo state, Nigeria. On the basis of these findings, it is therefore recommended that civil servants in Ondo state be encouraged to take the COVID 19 vaccine, health education be included in the curriculum at all levels of education and taught efficiently. Qualified and experienced Health education teachers should be employed to teach the subject matter in schools. The government should do more in enforcing the compliant of all COVID 19 protocol so as to better the wellbeing of individuals
Keywords: Covid-19 pandemic, hand washing, social distancing, face masks, wellbeing.
HUMAN CAPITAL DEVELOPMENT AND INDUSTRIALISATION IN NIGERIA: IMPLICATION FOR ECONOMIC GROWTH
CHINWE OKWUOSA; & JOYCE O. BINITIE
*Consultancy and Business Development Department, National Productivity Centre, Lagos State Office.
ABSTRACT
This paper examines the role human capital plays in the relationship between industrialisation process and growth in Nigeria spanning the period 1980 to 2016. The theoretical framework is rooted from one of the new growth theories traceable to Lucas with emphasis of human capital role in growth. Through some modifications, we result to two simultaneous equation models, one with growth as dependent variable and the other, industrialization as dependent variable. Human capital is disaggregated into male and female literacy rates, male and female life expectancy and other control variables are used as explain the growth and industrialization variables. The Two-Stage Least Squares adopted gives expected outcome in most cases of the two model estimations. It is shown that industrialization process is germane for economic growth and likewise, male literacy rates can complement industrial process to improve growth. In the same vein, stable growth facilitates the process of industrialization while human capital variables too play relevant role in same process. Identification of the workings of the Nigerian state would be a good foundation to the step towards ameliorating the problems of capacity building and industrialization in Nigeria.
Keywords: Industrialization, Human Capital, Dependent Variable, Growth, Capacity Building, Relationship and Nigeria.
BIOLOGY EDUCATION AS A PANACEA FOR INSECURITY AND SUSTAINABLE DEVELOPMENT
MATHEW, B. A1., MOHAMMED, R. O.2, MELIGA SALIFU3. & AKOMOLAFE, M. O2
1&2Department of Integrated Science, Kogi State College of Education, Ankpa, Nigeria. 3Department of Biology, Kogi State College of Education, Ankpa, Nigeria. 2Kogi State College of Education Technical, Kabba, Nigeria
ABSTRACT
Biology education is the key to the development of any nation. Societal welfare and economic empowerment are paramount important in national development objectives of any nation and the level of sustainable development of any human society is directly dependent on the quality of science education learned and applied by the citizenry. The purpose of this paper is to examine the involvement of biology education in promoting sustainable development and insecurity challenges. The paper considers the concept of education and biology education as a tool for achieving sustainable development in Nigeria. It also talks about the facets of development that can be sustained through biology education which include, peaceful co-existence, research, agriculture, poverty alleviation, rural development, health and nutrition. In conclusion, the paper observed that to make science education a tool for sustainable development in Nigeria, content, teacher education, and curriculum materials should be given special attention. The paper also suggested that, citizens should develop a sense of patriotism that is to put the country above any selfish interest capable of destroying peace and harmony in the country and the teaching of biology education in all our schools should facilitate new culture of politics which make for tolerance, and political accommodation among the political class. This would enhance the survival of democracy in the country.
Keywords: Biology Education, Sustainability, Development, Nigeria, Insecurity
APPLICATION OF REPRESENTATIVE BUREAUCRACY IN NIGERIA: IMPLICATIONS FOR DEVELOPMENT AND NATIONAL COHESION
AMADI O.L.
Port Harcourt Polytechnic, Port Harcourt, Nigeria
“Every Nigerian has a right to share in the resources of our country, just like we all must collectively shoulder the responsibility other development and progress. The effective management of the economy call for the application of the sensibilities and aspirations of the various groups in the country and an acceptance of the dire need for balanced development and equitable access to socio-economic opportunities”. – Late Gen. Sanni Abacha.
ABSTRACT
Bureaucracy plays very crucial role in the development of every nation. A representative bureaucracy is a much more veritable tool in fastening development and national cohesion. This work focused on analysis of the gains of the application of representative bureaucracy. From the statistics and formulae available, these gains are far-ranging from economic and social development to national cohesion as well as cultural integration. The return of liberal democracy has and is still hastening these development.
GOVERNANCE, CORRUPTIONS AND SUSTAINABLE DEVELOPMENT IN NIGERIA: AN APPRAISAL
MUKHTAR USMAN LIMAN
Department Of Social Sciences, College Of Administrative Studies And Social Sciences, Kaduna Polytechnic, Kaduna.
ABSTRACT
Corruption remains one of the fastest growing social problems in Nigeria. It is virtually becoming a way of life that permeates both private and public sectors of the economy. Over the years, this pervasive behavioural proclivity has earned the country the notorious status of one of the most corrupt nations in the world. Despite seemingly concerted efforts of past and present administrations to combat corruption, the problem remains persistently endemic with disastrous consequences for the Nigerian society. It is against this backdrop, that this work specifically explores the upsurge of corruption and its implications for sustainable development in Nigeria. Within the Principal-Agent theory the work maintains that people indulge in pervasive corrupt behaviour as a result of how corruption is perceived and valued. The work maintains that corruption, especially in the public sector, breeds infrastructural decay, high cost of governance, insecurity and distorted development priorities thus making the hope of achieving sustainable development a mirage. This, no doubt, explains why sustainable development has continued to elude Nigeria despite its abundant natural endowment and robust development initiatives. In order to translate its abundant natural resources into sustainable development, the work recommends among others, that as a matter of urgent necessity, Nigeria must adopt a trado-religious social control measure in its anti-corruption reforms.
Keywords: Governance, Corruptions, Development, Sustainable Development, Nigeria.
DEVELOPMENT AND TESTING OF HEAT TREATMENT FURNACE
*MUSA B. DALIL; **AISHAT O. SALAWU; & **SAFINAT TOLU
*Department of Works and Services, Kaduna Polytechnic, Kaduna. **Department of Minerals and Petroleum Resources, Kaduna Polytechnic, Kaduna.
ABSTRACT
A heat treatment furnace which incorporates an alarm system had been designed and fabricate with its performance evaluated in this work. Most of the materials used for its design and production were locally sourced in Nigeria. Some design considerations, assumptions and designs were made before the actual work started. Mild steel plates and bars were the major metallic structural materials used. They were joined together by manual arc welding process, use of nuts and belts, screws etc. Refractory bricks and fiber glass were used to line the furnace for the purpose of insulation in order to have good heat retaining capacity inside the chamber of the furnace and minimize heat loss to the surrounding. A digital temperature and time control/monitor unit was also produced and electrically connected to the furnace to monitor and read the temperature of the furnace via a thermocouple. The programmed soaking temperature is displayed digitally on the screen provided on the control unit. After assembly, the performance of the furnace was evaluated and it was observed that it has a tolerance of ±2.00c at a maximum temperature of 10050c in 70 minutes which translates to efficiencies of 83.75% in terms of maximum temperature reached and 71.8% in terms of heating rate based on design values of 12000c maximum temperature and 14.350C/min heating rate.
Keywords: furnace, microstructure, temperature, refractory, heat ,
DETERMINANTS OF INDUSTRIALIZATION IN NIGERIA: A MICRO-PERSPECTIVE
*OKECHUKWU SOLOMON KENE; **OGUNYEMI FOLASHADE HELEN; & **ADIATU HUSSIEN KEHINDE
*Productivity Capacity Building (PCB) Departmen, National Productivity Centre. **Consultancy and Business Development (CBD) Department, National Productivity Centre, Lagos State Office
ABSTRACT
Industrialization had been and still remains one of the policy choruses sung by different administrations in Nigeria since early independence to-date followed by various policy strategies and programmes with little or nothing being accomplished to that effect. This study investigated the major determinants of industrialization in Nigeria from a micro-perspective using a panel firm-level dataset (World Bank Enterprise Survey) collected and published by World Bank. The dataset covered the periods 2007, 2009 and 2014. Given the short time-period covered by the dataset, static panel models of fixed, random effects and pooled regression models were used to analyse the data. The Hausman test demonstrates that random effect is more appropriate than fixed effect model while Breusch–Pagan LM presents that random effects do not matter in the model, and as a result, pooled regression is the right model. Findings of various pooled regression models in the study disclose that physical capital, foreign ownership, top manager education level, employee’s education, trade openness, economic growth, institutional index and financial system with strong institution have positive significant effects on the manufacturing firms’ productivity in Nigeria. However, the findings display that scale of firm’s operation (micro, small or medium), nature of firm’s activity (especially textiles), macroeconomic stability index, financial development index and log oil revenue have negative significant impacts on the firms’ productivity in the country. The study recommends, among others, incentive strategy to encourage manufacturing firms, financial institutions should be made to be real professionals and comply with CBN’s directives, and so forth.
Keywords: Industrialization, manufacturing, Micro-perspective, World Bank, Institution and Nigeria.
PRODUCT QUALITY STRATEGIES AND PERFORMANCE OF AUTOMOBILE DEALERS IN SOUTH- SOUTH, NIGERIA
*OWONTE, LUCY H. (PhD); & **JAJA, HORACE IDAH
*Department of Marketing, Port Harcourt Polytechnic, Rumuola, Port Harcourt. **Dept of Civil Engineering, Rivers State University, Nkpolu Oroworokwu Port Harcourt
ABSTRACT
The study investigated product quality strategies and performance of automobile dealers in South- South, Nigeria. The study adopted the correlational research design to examine the relationship between product quality strategies and the performance of automobile dealers in south-south, Nigeria. The population of this study consists of customers of 197 automobile dealers registered with the Ministry of Commerce and Industry in the six (6) states of South- South, Nigeria 2017/2018 edition. To extract a sample size from the entire population, a sample size determination formula by Taro Yamene was used. The researcher adopted the convenience sampling technique in selecting members of the sample. The customers’ of 132 automobile dealers in South-South, Nigeria who must have had buying relationship with the dealers for at least 15 years were accessible for the study. The structured questionnaire was adopted for the study. The questionnaire was divided into 3 sections. Section A consists of 5 items on demographic characteristics of respondents. Section B consists of 12 items which focused on marketing strategies, four questions each on each of the (3) test variables. Section C consists of 4 items which focused on the performance. All items in sections B – C were measured on a four point Likert scales of (Strongly Agree (SA) = 4 Agree (A) =3, Disagree (D) =2, to Strongly Disagree (SD) = 1. The validity of the scale adopted in this study was presented for content and construct validity. To ascertain the authenticity of the instrument, the questionnaire was submitted to the a senior lecturer in the Department of Marketing, University of Uyo, Uyo, and a business consultant.Cronbach Alpha method was used to ascertain the reliability status of the research instrument and obtained .932>.71 which showed that the instrument was highly reliable. The inferential statistics was done using Spearman Rank Correlation with Multi linear regression to test the hypotheses formulated for the study. The hypothesis was tested at 0.05 level of significance with p<0.05 indicating statistical significance. The study concluded that that product quality influenced the metrics of performance of automobile dealers and recommended that automobile dealers should offer customers streams of leading-edge products with unique solutions and superior features beyond the offerings of competitors by effectively and efficiently utilizing available resources at their disposal to satisfy customers.
Keywords: Product Quality, Automobile firms, South-south Nigeria, Customer
IMPACT OF MODERN OFFICE TECHNOLOGIES IN CURBING THE SPREAD OF COVID-19 PANDEMIC FOR SUSTAINABLE DEVELOPMENT IN NIGERIA
1UKONU, EGBE ELIZABETH, 2HABU, JINGI UMAR AND 3FELICIA AMAMRA RIKI
1&2Department of Office Technology and Management, Federal Polytechnic, Mubi. 3Department of Languages, Federal Polytechnic, Mubi
ABSTRACT
This paper highlights the impact of modern office technology in curbing COVID-19 pandemic for sustainable development. Modern office technologies are the technologies which enables the office worker to perform his/her functions effectively by being more accurate while saving time. Types of equipment that can sustain the modern office technologies are: modem, router, network switch, uninterruptable power supply, desktop and laptops, headsets, servers among others. Reliable conference Lines, diverse communication tools, cloud-based platforms, sit/stand desks and IoT, robust private office network, dependable Wi-Fi, cyber security among others are some of modern office technologies that will help in curbing COVID-19 for sustainable development. Some of the impacts of Modern office technologies are: it saves time through efficiency and automation, location is irrelevant, savings are shared, communication options keep growing, communication options keep growing, changing the way people communicate, making business operations more productive. Despite all the relevance modern office technology has in helping to curb the spread of COVID-19, there are still some teething problems that will hinder the full acquisition and utilization of these technologies and they include but not limited to inadequate or lack of modern facilities and equipment, erratic or epileptic power supply, inadequate of lack of trained technicians, expensive nature of these modern office technologies. Based on the foregoing, the following suggestions are made: that management of organizations should procure modern office equipment that will enhance the use of these modern technologies, trained technicians should be employed and constantly sent on workshops and conferences to learn and relearn the use of these modern office technologies that are evolving by the day among others.
Keywords: Office, technology, modern office technologies, COVID-19 pandemic, sustainable development
CLAIM PAYMENT AND PATRONGAE OF INSURANCE PRODUCTS IN NIGERIA
*AGUNUWA EKOKOTU VINCENT (Ph.D); & **JOHNSON-ITABITA PATIENCE (Ph.D)
*Department of Banking and Finance, School of Business Studies, Delta State Polytechinc, Otefe Oghara. **Department of Business Administration/ Managemnt, School of Business Studies, Delta State Polytechnic, Otefe Oghara
ABSTRACT
The focus of this study is on the effect of claim payment on patronage of insurance products in Nigeria. The purpose is to determine whether the level of claim payment by insurance companies has any effect on patronage of insurance products in Nigeria. The study made use of data on claim payments and premium paid to insurance companies by insured as a proxy for insurance patronage in Nigeria. The data which covered the period of 1995 to 2020, where on claim payment and insurance premium paid for aviation insurance, motor insurance, home insurance, and marine insurance in Nigeria for the period under review. The study made use of descriptive statistics and correlation matrix in an attempt to identify possible problem of multicollinearity in the model, after which the ordinary least square (OLS) technique was used to test the hypotheses. Findings show that premium paid on aviation,home, motor and marine insurance impacted positive on claim payment for the period under review in Nigeria. On the basis of the above result, the study recommends amongst others that the government should put in place programmes to encourage people to patronize insurance products as this will be of great benefit to the insureds, the society and insurance companies in Nigeria.
Keywords: Claim payment, Insurance premium, Insured, Insurer, Descriptive statistics.
THE PLACE OF INFORMAL SECTOR IN URBAN EMPLOYMENT IN NIGERIA
TPL. YAKUBU AHMED UBANGARI; & BENSON POLYCARP
Department of Urban and Regional Planning, Isa Mustapha Agwa I Polytechnic Lafia
ABSTRACT
The informal sector accounts for about 60- 80% of urban employment in Nigeria and in other parts of the world. It encompasses a wide range of gainful economic activities. In Nigeria, Government has aided the development of informal sector through the establishment of the National Directorate of Employment (NDE). This paper suggests that emphasis should be placed on skill acquisition rather than on formal education.
INFLUENCE OF RISK MANAGEMENT STRATEGIES ON THE PERFORMANCE OF REAL ESTATE DEVELOPMENT FIRMS IN LAGOS STATE, NIGERIA
MURITALA, A. O.; OLOJEDE, I. O.; & AJIBADE, N. A.
Department of Estate Management and Valuation, the Oke-Ogun Polytechnic, Saki.
ABSTRACT
Real estate development industry is highly risky but often the risks are not adequately dealt with, resulting in poor performance, which is reflected in frequent building collapse as well as cost and time overruns. This may cause disputes that can lead to costly litigation and further time and cost overruns. Additionally, insurers traditionally avoid firms with high risk portfolios and subsequently will not offer insurance covers or may charge very
high premiums to compensate for the increased risk. Previous studies have found an inconclusive relationship between adoptions of risk management strategies and enhanced developers’ performance. As such, the general objective of this study was to determine how risk management strategies influenced performance of real estate development firms in selected Lagos State, Nigeria. The specific objectives were to determine the influence of resource risk management strategies, personnel risk management strategies, project control risk management strategies, litigation risk management strategies and insurance risk management strategies on the performance of real estate development firms. Performance was measured as a function of cost variance, time variance and quality control. Primary data were obtained from sixty-eight real estate developers in Lagos State through survey questionnaires. Descriptive and inferential statistics such as percentages, mean rating and relative importance index were used to analyze the data. The findings led to the conclusion that resource risk, personnel risk and project control risk management strategies had a significant influence on firm performance, implying that any effect on firm performance was not solely due to chance. Litigation risk management and insurance risk management strategies did not have a statistically significant effect, implying that any effect on firm performance was solely due to chance. The study recommended that, from a policy perspective, in order to further entrench risk management practices in the real estate sector, development firms need to increasingly engage in capacity building activities in risk management and project management in general. The government should also encourage activities that encourage proper risk management and risk sharing across the entire phases of real estate development.
Keywords: Real Estate Development, Risk Management Strategies, Influence, Real Estate Development Firms, Performance.