SUB-SAHARA AFRICA JOURNAL OF MANAGEMENT SCIENCE AND ENTREPRENEURSHIP (SJMSE)
Vol 14 (7) September, 2019 ISSN 2285-3138
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,
EFFECT OF FINANCIAL INCENTIVES ON EMPLOYEE PRODUCTIVITY: A CASE STUDY OF OLAM NIGERIA LIMITED
JIMOH, ADAMS LUKMAN AND YAHAYA, JAMIU IDOWU
Department of Industrial Relations and Personnel Management, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria.
Many researchers however have looked into various motivational factors but less attention has paid to financial Incentives and how it impact organizational profitability especially in Olam Nig Ltd, this gap is what the study intend to bridge because the management of financial incentives is a very critical issue that should not be overlooked, as its neglect can lead to disruption of work process, sales and service delivery loss and consequently financial losses, which will consequently result in low profitability in an organization and such organization might be forced to liquidate. The problem at hand therefore is to examine whether Olam as an organization really make use of financial incentive to their employees for higher productivity which result in higher organizational profitability. The study used descriptive research design and the study population is 150 while Yaro Yamane formula used to determine 109 simple size. Data was analyzed both quantitatively and qualitatively. Data was analyzed through the use of Statistical Package for Social Science SPSS software. The formulated hypotheses were tested through single regression and the findings revealed that (i) The correlation coefficient (R) equals 0.877, indicates a positive relationship between the variables. The R-Squared statistic indicates that the model as fitted explains 70.5% of the variability in organization performance. This established that effective use of Financial incentive will effect organization performance (ii) The correlation coefficient (R) equals 0.553, indicates a positive relationship between the variables. The R-Squared statistic indicates that the model as fitted explains 38.7% of the variability in organization performance. The study concludes that financial incentives have a positive effect on organizational productivity. And therefore, recommend that Organizations should develop the habit of boosting the morale of employee through financial incentive as these will go a long way to develop a positive attitude among the employee which will eventually lead to improve productivity.
Keywords: Financial incentive, profitability, productivity, turnover
THE RELATIONSHIP BETWEEN TECHNOLOGICAL ORIENTATION AND ORGANIZATIONAL PERFORMANCE OF DEPOSIT MONEY BANKS IN PORT HARCOURT, NIGERIA.
ADUBASIM ERNEST IKECHUKWU1 ODUNAYO O. AKINTOKUNBO2
1Department of Management and Information Technology, Faculty of Management Sciences, Abubakar Tafawa Balewa University, Bauchi. 2Department of Management, Faculty of Management Sciences, Rivers, State University Nkpolu-Oroworukwo, PMB 5080, Port Harcourt.
The purpose of this study was to examine the relationship between technological orientation and organizational performance in Deposit Money Banks in Port Harcourt, Nigeria. The study adopted a cross sectional survey design. The population covers 281 middle and lower management staff including the support staff of the Zonal/Area offices of the eighteen (21) Deposit Money Banks in Port Harcourt.. The sample size was 165 using the Taro Yamen‟s formula. After data cleaning, only data of 148 respondents were finally used for data analysis. Descriptive statistics and Pearson correlation were used for data analysis and hypothesis testing. Findings revealed that technological orientation has a significant relationship with organizational performance. The study thus concluded that technological orientation bears a positive and significant influence on Organizational performance. We recommend that management of deposit money banks should make use of strategic orientation based technology to make it easier for the company to analyze data through data warehousing and predict future behavior of members. The study clearly proves that if information technology is improved then organizational performance will increase
Keyword: Technological Orientation, Organizational Performance, Market Share, Profitability, Cost Optimization
EFFECTS OF ENTREPRENEURIAL SKILLS ACQUISITION IN LEATHER BACKPACK MAKING ON YOUTH EMPLOYABILITY IN ABEOKUTA, NIGERIA
*AKINYELE, SAMUEL TAIWO **AKINYELE, ESTHER FEYISAYO *GBOLAHAN, DANIEL DAMILARE
*Dept. of Entrepreneurial Studies, Federal University of Agriculture, Abeokuta, Ogun State, Nigeria **Dept. of Business Administration, School of Postgraduate Studies, Crawford University Igbesa, Ogun State, Nigeria
This research seeks to examine effect of entrepreneurial skills on leather backpack making on yoth employability in Abeokuta. The specific objectives were to examine the relationship between training and development and employment generation, the relationship between entrepreneurship education and employment generation and effect of creativity and innovation on employment generation.. The instrument for data collection was a structured questionnaire. The questionnaire was six point likert scale and was checked for reliability using a pilot survey method. The test of hypothesis revealed that training and development has significant effect on employment generation in Nigeria (t-cal=2.56, p<.005). The second hypothesis revealed that there is no significant effect of entrepreneurship education on employment generation in Nigeria (t-cal=1.12, P>.005). The third hypothesis reveled that creativity and innovation has significant effect on employment generation in Nigeria(t-cal=12.0, r=0.068 p<.005) respectively. The result of findings showed that entrepreneurship education coupled with a robust skill acquisition program will go a long way in creating employment, give young people the avenue to acquire enterprising skills, empowering the young to be job creators rather than job seekers. As such, it recommended that youths must actively involve in skill acquisition programs and learn how to use their acquired entrepreneurship skill, abilities and competencies in identifying and creating economic opportunities. In conclusion, the benefits of entrepreneurship education have direct bearing with the acquisition of skills that could be used in the resolution of the country’s unemployment and poverty related issue.
Keywords: Creativity, Entrepreneurship, Entrepreneurial skills, Leather backpack, Innovation, Youth employability
EFFECTS OF FIRM CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED INSURANCE COMPANIES; EVIDENCE FROM NIGERIA.
*AHMED A. ABUBAKAR (PHD), *PETER TERU (PHD), **HYELLAKI JAVANC
*Department of Accounting, Adamawa State University, Mubi-Nigeria **Department of Accountancy, Federal polytechnic, Mubi-Nigeria
Firm characteristics have become an area of concern among researchers and investors alike because of its strategic role in the development of contemporary organizations through increased performance. The mixed results and positions regarding the influence of firm characteristics provoked the need for this study in order to examine the effect of firm characteristics on the financial performance of listed insurance companies in Nigeria from 2008-2016. To achieve the objective of the study, data were generated from the annual reports of the twelve (12) listed insurance companies that were selected in Nigeria. The firm characteristics selected were proxied by Age of the Firm (FAG), Board Size (BSZ), Premium Growth Rate (PGR), Firm Size (FSZ) and Loss Ratio (LR), while the Return on Asset (ROA) is the surrogate for the financial performance. The structured panel data collected were analysed using the multiple regression and correlation techniques in accordance with the research objectives. The analysis of the data revealed that; Board size (BSZ) has positive but insignificant effect on the financial performance of Nigerian listed insurance companies but the Firm size and premium growth rate has positive and significant effect on the financial performance of listed insurance companies in Nigeria. The study further confirmed statistically that loss ratio and age of the firm have insignificant negative effect on the financial performance of listed insurance companies in Nigeria. Based on these findings, the following recommendations are made; insurance firms in Nigeria should extend the scope of their activities and create a new market by introducing new insurance products and services in order to expand and tap the synergy of business growth and expansion. Management of insurance companies and policy makers are therefore expected to utilize the resources effectively in pursuing growth objectives and at the same time delivering of their services in order to improve the financial performance of the insurance companies. The insurance firms in Nigeria should diversify their investment drives to other profitable areas based on the existing business activities and not to be deceived by the misleading objective of increasing premium growth at the detriment of other investment opportunities that are capable of improving the performance of the insurance firms.
Keywords; Firm characteristics, Financial Performance, Insurance Companies.
DETERMINANTS OF FINANCIAL LEVERAGE IN NIGERIA MANUFACTURING FIRMS
AKINJARE, YETUNDE SYLVIA & IDOWU, MOBOLAJI AJIKE
Accounting Department, Joseph Ayo Babalola University, Ilesa, Osun State, Nigeria.
The paper examines the factors that determines the financial leverage of manufacturing firms in Nigeria. Data were gathered through the administration of structured questionnaire to the finance department of the 50 selected firms. Cross tabulations and Chi-square were used to analyse the data. The study concludes that opinions of firm’s own analysts/employees is the most important factor affecting capital structure decision while the most important factor affecting the source of debt financing is the liquidity of the debt instrument. Also, the most important factor that determine the appropriate amount of total debt is the level of interest. The result showed that growth opportunities, profitability, earnings per share, issuing cost, tax economics associated with debt financing and risk/cost of financial distress were significant in determining the financial leverage of a firm except asset tangibility which is insignificant. The study recommends that firms should strive to set a target debt level that maximizes performance.
Keywords: Leverage, Capital Structure, Financing, Determinants, Debt
PERFORMANCE MANAGEMENT PRACTICES AMONG SMALL AND MEDIUM SCALE ELECTRONIC ENTERPRISES IN FEDERAL CAPITAL TERRITORY, ABUJA, NIGERIA.
OGENYI, Ogaba Sunday, Dr. Raymond, E., Dr. T. M. Saba
Industrial and Technology Education Department, Federal University of Technology, Minna
The study is focused on Performance Management Practices Among Small and Medium Scale Electronic Enterprises in Federal Capital Territory, Abuja, Nigeria. Five objectives and five research questions guided the study. Mixed method of research design was adopted. The Population of the study comprises of Four Hundred and Twenty-one (421) Technical Personnel and One Hundred and Seventy-Nine (179) Managers of the major electronics SMEs in Abuja, Nigeria, this includes those located in Wuse, Kubwa, Garki, and Abuja Municipal Area. This amount to 74 enterprises that are registered with the Cooperate Affairs Commission (CAC). Simple random sampling technique was used to sample a total of Ninety-three (93) managers and one hundred and fifty-six (156) technical personnel for the study. The total sample population is, therefore, two hundred and forty-nine (249) respondents. Quantitative data was obtained from descriptive survey research design which involves the use of questionnaire while qualitative data was obtained from interviews of Managers and Technicians. Copies of the drafted instruments was validated by three experts two from the Department of Industrial and Technology Education, Federal University of Technology, Minna and one from SMEDAN. Data collected was analyzed using mean and standard deviation to answer the research questions and Z-test to test the hypothesis at 0.05 level of significance. It was thus found that; Employees are rarely train on the main purpose of performance management as well as to improve their capacity, employees are rarely involved in the planning process and that their work progress is seldom monitored. Thus, it was recommended that Electronic SMES owners should organize a series of workshops and training for all staff at all levels on the main purpose of the performance management system. Performance management is associated with the creation of a shared vision and aims of the organization and that Organizations should ensure active participation of staff in target setting for the performance management system at all department levels depending on job profiles, strengths of employees and resource availability.
Keywords: Performance, Management, Practices, Electronic, Enterprises.
ADVANCED TRADITIONAL INSURANCE; A REFOCUSING STRATEGY FOR INSURANCE INDUSTRY ECONOMIC DEVELOPMENT IN NIGERIA
1EHIOGU, CHIZOBA P. Ph.D & 2LEONARD I. AMAEFULE Ph.D
1Department of Insurance and Actuarial Sciences, Imo State University, P.M.B. 2000 Owerri, Imo State – Nigeria. 2Department of Accountancy, Imo State University, P.M.B. 2000 Owerri, Imo State – Nigeria.
The study examined how an organized traditional insurance can foster economic development in Nigeria. The study employed a survey design using a sample of 355 students selected from the insurance department of Imo state University, Owerri. The data for the study were gathered through structured questionnaires administered to the students and subsequently analyzed using the Analysis of Variance (ANOVA). Three hypotheses were formulated and the ANOVA analysis revealed that Advanced Traditional Insurance Policies significantly stimulate economic activities in Nigeria.. A greater number of the respondents sampled prefer the introduction of a traditional Insurance policy (known as Graduation Insurance Policy). The implication of the findings is that the absence of well defined traditional insurance policies affects insurance penetration in Nigeria. The study concludes that an institutionalized and advanced form of traditional insurance can help to stimulate economic activities and reduce the rate of unemployment through provision of awareness of savings and investment platform and encouraging entrepreneurship mindset. It was recommended that insurance companies should design a graduation insurance policy for students in higher institution so as to further deepen insurance penetration in Nigeria and enhance economic development.
Keywords: Traditional Insurance, Refocusing, Strategy, Economic Development
EFFECTS OF MONEY LAUNDERING ON THE NIGERIAN ECONOMY.
*DANJUMA ABUBAKAR UMAR **MUAZU BUKAR ALI
*Department of Industrial and Labour Relations, Ramat Polytechnic, Maiduguri **Department of General Studies, Ramat Polytechnic, Maiduguri
The scourge of economic crimes can bite more than they are often analyzed especially in a developing country like Nigeria. For a long time, money laundering has become another terror threatening the growth of the economy such that it drags the wheel of governance and economic development. Beyond this general assessment, money laundering now is a factor being considered in the National Budget, fight against terrorism and foreign relations between Nigeria and other nations. This paper considers holistic effects of money laundering on the economy of Nigeria. It adopts the doctrinal approach of methodology in researching available primary and mostly secondary sources of data in the analysis of various effects such as manufacturing of domestic products, socioeconomic, financial effects, political effects, oil and gas sector. The paper further considers many challenges encountered by the past and present administration in combating money laundering. It however suggests that government should take proactive measures to tackle the menace by daring to prosecute close political associates involved as a lesson to other persons that no stone will be left unturned in the fight against the menace.
Keywords: Money Laundering, Effects, Nigerian Economy, Challenges,
PRIORITIZING MANPOWER TRAINING AND DEVELOPMENT NEEDS FOR LOCAL GOVERNMENT COUNCILS IN ADAMAWA CENTRAL SENATORIAL ZONE
AHMED HAMIDU MAIHA & RAKIYA MUSA
Department Of Public Administration; College Of Administrative And Business Studies; Adamawa State Polytechnic, Yola
When selection process is completed, employees need some form of training for them to adapt to the organisational methods and systems. Based on such realisation, organisations conduct some form of training programmes for their workforce. In this study, manpower training needs for local government employees was evaluated to ascertain the relative importance of such exercise in enhancing Productivity: Adamawa central senatorial zone comprising seven (7) local government areas is considered for the research. AHP methodology was adopted in prioritizing these needs. The results and findings of the study would assist local government service commission in itsplanning concerning staff capacity building programmes.
Keywords: Training, manpower, prioritizing, capacity building, Re-orientation.
RETRENCHMENT IN NIGERIAN BANKING SECTOR; ISSUES AND CHALLENGES
NGOZI EDITH IYOHO
Social policy Department, Nigerian Institute of Social and Economic Research, Ibadan.
Globally, the banking sector is an essential sector of nations economy hence the instability in the sector is capable of creating a serious problem to its workers as well as hampering the achievement of sustainable development in the economy. In Nigeria, banks have been experiencing instability since the inception of the merger, which has resulted in the retrenchment of bank workers, thus, contributing to the already soaring unemployment rate in the country. Human resources are a vital tool for organisational growth and well-being and they should not be compromised. The aim of this paper is to examine the issues and challenges of workers retrenchment in Nigerian banks. The methodology employed is mainly the analysis of the secondary data from books, journals, internet, related literature and documentaries. The paper also contends that urgent attention should be given to this economic challenge so as to avert the rate of unemployment that already exists in the country. The paper suggested among others that the banking sector should desist from all forms of unethical practices that are lingering in most banks, otherwise the realisation of the sustainable development through the banking sectors in Nigeria may hardly be attainable.
Keywords: Challenges, Workers, Retrenchment, banking sector and human resource.
THE ROLE OF PERIODIC MARKETS IN THE SOCIO ECONOMIC DEVELOPMENT OF GIWA LOCAL GOVERNMENT AREA, KADUNA STATE
Geography Department, Federal College Of Education, Zaria
Rural periodic markets have long history in Giwa Local Government Area. The reason for their establishment and spread was to enable teaming rural farmers distribute their produce and to expand the local economic base of the farmers. Beside commerce, periodic markets in the study area also serve as centre for exchange of ideas among farmers and also centre for social and political interaction. Despite the functions of the markets, their actual role in the economic development of the study area was not fully understood. To ascertain this, questionnaire were distributed focusing on 437 traders from four different periodic markets across Giwa Local Government Area. The information from the questionnaire was analysed using both descriptive and multiple regression analysis method. The findings reveals that periodic market has significantly increase the economic and infrastructural development of the study area as confirmed by the regression analysis which was significant at 5% level through increased in trader’s income (0.000), with 24% of traders earning above N 30,000 monthly and creation of job opportunities (0.000) like head lodears, carriers, shoe makers, road transport workers etc. It is concluded that, periodic markets has tremendous benefit in the economic development of Giwa Local Government Area. It is recommended that, there should be establishment of financial institutions in the study area which will help traders to have access to loans to enable them expand their business to earn more income.
Keywords: Periodic Markets, Socio-Economic, Development, Giwa LGA
ASSESMENT OF THE CHALLENGES OF FINANCING SMALL SCALE ENTERPRISES, POULTRY FARM IN CHANCHAGA LOCAL GOVERNMENT AREA IN NIGER STATE
*MAMMAN, ZACCHAEUS NDABA **MAHMUD ABUBAKAR **ABUBAKAR, UMARU FARUK ***WACHIN ALFA KUTIGI ***TSADO, WODU WINIFRED
*Department of Business Administration and Managment, Niger State Polytechnic Zungeru **Department of Business Administration and Managment, Niger State Polytechnic Zungeru ***Department of Social Welfare, Niger State Polytechnic Zungeru
Business face a lot of challenges, these varies in nature, its ranges from lack of infrastructure, inconsistent government policies and inadequate sources of fund for commencing an enterprise, finance and credit are essential input used in production, in every enterprise finance is the key to it operations, we are looking at the sources of financing the enterprise, the research work is aim at addressing the ways of assessing fund in small scale poultry enterprise, and also to understand how lack of fund can affect a small scale enterprise in Chanchaga Local Government of minna, Niger state, the research to some extend has identify that most of small scale enterprises find it difficult to access credit facilities from bank and other financial institution also the government financial policies has strict requirement that does not favour the establishment of small scale business enterprise, the methodology used in this research work is questionnaires addressed to the targeted audience, the study has however verified that small scale poultry enterprise has not been able to meet it requirement and productive activities, this is because there is inadequate access to formal credit, occasioned by high interest rates, the paper recommended that government should improve access to formal credit government should create a platform that will compel financial institution to release some of it stringents polices while also there is urgent need for small scale poultry enterprises to stop over dependent on the formal ways of source of finance an enterprise but rather build a culture of savings that will enable farm size expansion.
Keyword: Challenges, financing, small scale, enterprises, poultry, farms, credit and finance.
EFFECT OF NON-MONETARY COMPENSATION ON ORGANIZATIONAL PERFORMANCE OF EMPLOYEES IN FEDERAL POLYTECHNIC, DAMATURU, YOBE STATE, NIGERIA
Department of Business Administration and Management, Federal Polytechnic, Damaturu, Yobe State, Nigeria
Compensation is a vital part of human resource management, which helps in encouraging employees and improving organizational performance. This is a conceptual paper which is aimed at examining the effects of non- monetary compensation on organizational performance of employees in Federal Polytechnic, Damaturu, Yobe State. The paper relies heavily on journal articles, textbooks, newspapers, magazines and observations for reviews and findings. The paper found out that there is a direct linkage between non- monetary compensation and organizational performance of employees in Federal Polytechnic, Damaturu as one of the tertiary institutions in Nigeria. The paper recommended that in addition to the recognition, promotion, flexibility and career development, the management should equally adopt other non- monetary forms of compensation like; employee empowerment, sound corporate policies, job security and autonomy, and so on. It also recommends that the management should evaluate the reward systems that are currently in place as well as the kind of influence they have on employee performance. The paper contributes to knowledge by adding on the existing literature on non-monetary compensation and filling the existing gaps identified from the previous researchers.
Keywords: Non- monetary compensation, Recognition, Promotion, Flexibility, Career development
PROBLEMS AND PROSPECTS OF STUDYING SHORTHAND IN OFFICE TECHNOLOGY AND MANAGEMENT DEPARTMENT, FEDERAL POLYTECHNIC, BAUCHI
*NURADEEN YAKUBU MOHAMMED & **ABDULAZEEZ, KHADIJAH B. (Mrs)
*Registry Department Federal Polytechnic, Bauchi **Department of Office Technology and Management Federal Polytechnic, Bauchi
This study was carried out to assess the problems and prospects of studying shorthand in Office Technology and Management Department, Federal Polytechnic, Bauchi. In order to achieve this, two specific objectives were raised among which include examining the causes of learning/practical problems faced by shorthand students in OTM department Federal Polytechnic, Bauchi. As a guide for the research, two research questions were formulated. Survey design was used for the study. The study found among others, that poor punctuations, misinterpretation of words and inability to distinguish between heavy and light strokes constitute the major problems of studying shorthand to students. It was also found that shorthand is indispensable in the modern office management. Based on these findings, it was concluded that the role of shorthand in modern office management is indispensable irrespective of the level reached by the 21st century technology. In view of these findings and conclusion, it was recommended among others that; there is the need for students of shorthand to have constant practice in order to master the heavy and light strokes in shorthand so as to reduce the academic problems of studying shorthand. It was also recommended that there is the need for government at all levels and stakeholders to show commitment to secretarial education by provision of facilities (e.g. shorthand textbooks, dictation machine, and tape recorders) to Office Technology and Management departments in the Polytechnics.
Keywords: Management, Office, Problem, Prospect, Shorthand and Studying
THE PLACE OF DIRECT-MARKETING ON THE MARKETING OF INDUSTRIAL OF PRODUCT
OSENI, ABDULKARIM DANLAMI
Department of Marketing, School of Business Studies, Auchi Polytechnic, Auchi.
THE EFFECT OF TYPE A PERSONALITY ON AUDITOR BURNOUT: EVIDENCE FROM NORTH EASTERN NIGERIA
YUSUF OVA MUTALIB, EIKHOMUN DANIEL EHI & YUSUF MUHAMMAD SANI
Department of Accountancy, School of Business Studies, Federal Polytechnic Bauchi
This study examines the moderating effect of type A personality on the influence of role stressors (role conflict, role overload, and role ambiguity) on Auditor burnout in Nigeria. Evidence in literature suggested that burnout research has focused on various environmental factors, of which individual differences also play an important role in the development of burnout (Maslach et al., 2001). Participants of this study are 58 auditors (junior, senior and manager) who work at public accounting firms in North Eastern part of Nigeria (Bauchi, Gombe, Yobe, Adamawa, Taraba and Borno). The study sources of data were collected through the use of questionnaire administered to various respondents. Regression analysis used to test for the moderating effect, and it was reveals that type A personality intensifies the influence of role conflict and role overload on burnout. However, the research does not find the evidence the effect of role ambiguity on burnout. The study concludes with a discussion of the implications of these results.
Keywords: Burnout, Type A Personality, Role Conflict, Role Overload, Role Ambiguity
TECHNOLOGY AND CHALLENGES OF HUMAN RESOURCES MANAGEMENT IN NIGERIA: A CASE STUDY OF SOME COMMERCIAL BANKS IN PORT HARCOURT
INNOCENT, GLORY CHIMNECHETAM
Department of Office Technology and Management, School of Management Sciences, Federal Polytechnic, Ekowe, Bayelsa State, Nigeria.
Technology has become a household name especially in the lips of enlightened Nigerians. To the illiterates or unenlightened masses, the characteristics of what is academically described as technological innovations or break-through from their major discussion whenever the circumstance bring operationally useful. Ironically, the same technology brings misbalances in the job system, which goes a long way in militating the ability of the human resources to realize it. The adoption of technology in the Nigerian banking institutions, for instance, generates mixed feelings amongst employees, technology, through a welcome development in the sector goes with myriads of challenges. Relationship between educational level and age in the job, to appreciation of training need necessitated by technology and acceptance of change in job elusive. Technological innovation is inevitable in the banking industry. Any head away must continuously get a breast with existing technology. Designing proper ways of making the human resources present and future technology complaint as well as minimizing challenges thereof.
Keywords: Technology, Challenges, Human Resources, Banks, Innovation.
ROLE OF GOVERNMENT POLICIES IN ADDRESSING BUSINESS STARTUP ISSUES IN NIGERIA
NDIFE, CHINELO FRANCA
Department of Business Administration, Federal Polytechnic Oko, Anambra State, Nigeria
The influence of government policies in addressing startup issues is the trust of this work. This study employs a survey which elicited opinions of new businesses within the life span of three (3) years in Anambra State using questionnaires. The study made use of a random sample of 400 new businesses in Anambra State using a snowball. The primary source of data collected with the aid of structured questionnaire was used for the study. The various hypotheses were tested using Chi-square test of independence at 5% level of significant. The area of study was Onitsha, Awka, Nnewi and their environs. The results reveal that government policies have significant influence on business start-ups access to finance. Also, the results show that there is a significant association between government policies and survival of Start-ups in the study area. The result further reveals the existence of significant association between ggovernment policies on business support and development; and survival of startups in the study area. The study therefore concludes that favourable government policies help a great deal in addressing business start-up issues in the study area. The study recommends that government should as a matter of urgency further improve on the mechanism put in place in accessing the dividends of such business policies, such as provision of vital information relating to financial assistance to new businesses, low cost of assessing and utilizing government infrastructures for the purpose of doing business. New business (Start-ups) should also avail themselves of such opportunities provided by government so as to improve their business survivability.
Keywords: Start-up, Infrastructure, finance, business survival, Policies.
INFLUENCE OF VALUE CHAIN MANAGEMENT ON THE PERFORMANCE OF SMALL AND MEDIUM (SMES) ENTERPRISES IN NIGERIA
MOHAMMED USMAN NDAYEBO, ISAH NDA ISAH & SANI MOHAMMED KUTA
Niger State Polytechnic, Zungeru
SMEs in Nigeria have been regarded as not performing as they should. Their contribution to gross domestic products is relatively low when compared to other countries in the same stage of development. Their employment generation is also low. Hence, researchers have in recent times studied variables that could positively influence SME performance. Therefore, it is important for entrepreneurs to recognize factors that can assist them perform up to expectation even when operating below performance level. As a result, this study examined whether value chain management influences SMEs performance. Hence, this study examined the effect of value chain management on SME performance using logistics and input supply as proxies for value chain management. Two hypotheses were developed in alternate form for empirical testing. Data were collected from respondents with the aid of questionnaires, adapted from different authors. Respondents of this study comprises owner/managers of small and medium enterprises in the Federal Capital Territory (FCT) of Nigeria. Questionnaires were distributed using stratified random sampling to owners/managers of small and medium enterprises in FCT. 424 questionnaires were used for analysis using structural equation modelling on Smart PLS2. The study found out that both logistics and input supply have positive significant effect on SME performance Therefore, the study recommends that entrepreneurs should give logistics and input supply great attention as it impact on their performance.
Keywords: Value chain management, logistics, input supply, performance.
NATIONAL SECURITY AND ECONOMIC GROWTH: A PRAGMATIC EVIDENCE FROM NIGERIA
1SAJUYIGBE, A.S, 2ADESOLA, M.A , 3OYENIYI, K.O
1,2,3Department of Business Administration & Management, Osun State Polytechnic, Iree, Nigeria
This study examined the influence of national security on economic growth of Nigeria between 2000 and 2018. The data for this study was obtained mainly from extraction of secondary data on public expenditures on security, agriculture, education, health, and gross domestic product from the reports/publications of Central Bank of Nigeria, National Bureau of Statistics and other scholarly reports on the subject matter between 2000 and 2018. The procedure for analyzing the data was econometric procedure. Here the technique used was the multiple regression analysis to test whether the national security indices (expenditures on security, agriculture, education, and health) have impact on the economic growth of Nigeria proxy by Gross Domestic Product (GDP). The result revealed that expenditure on agriculture has positive influence on economic growth, while expenditures on security, education, and health have a negative influence on economic growth but not significant. This connotes that huge amount allocated to security, education and health have not yielded a positive result. Subsequently, the study recommended that all the three tiers of government should allocate 26 percentage of the budget to education sector as being recommended by UNESCO, 15 percent of their annual budgets to health sector, while huge amount of money allocated to security should not be siphoned by the politicians.
Keywords: National Security, Budgetary, Gross Domestic Product, Agriculture, Education, Health
IMPACT OF BANK CHARGES ON CUSTOMER SERVICES OF DEPOSIT MONEY BANK (CASE STUDY DEPOSIT MONEY BANK CUSTOMERS IN MAIDUGURI)
*IBRAHIM BUKAR BUBA *IBRAHIM USMAN SALEH **ABUBAKAR ADAMU SHEHU
*Department of Banking and Finance, the Federal Polytechnic, P.M.B 1006, Damaturu. **Department of Accountancy, the Federal Polytechnic, P.M.B 1006, Damaturu
It is an evident that there are series and negative comments against deposit money banks in Nigeria concerning imposing excessive charges on their customers. Therefore, this paper investigates the impact of bank charges on customer services. The study was guided by two specific objectives; to examine whether bank customers were informing about bank charges on services provided to them, and to examine whether bank charges discourages customers from saving in the bank. The study adopted descriptive method and the population of the study consisted of different banks customers Maiduguri. Sample sizes of 115 respondents were selected through random sampling. SPSS V20 was used in the analysis of data and findings were presented on tables. The main findings of this study reveals that most of deposit money bank are not enlightening their customers on bank charges, excessive charges discourage customers from saving and it lead customers to open different account from different banks, and the study also discovered that most banks over charge their customers on the services provided to them. The study recommends CBN financial policy and regulation department to check those banks that are not compliance with their guideline on bank charges, CBN should enforce DMB’s to enlightening their customers on all bank charges on the services provided.
Keywords: Bank charges, customer, Deposit money bank, Maiduguri
AN EVALUATION OF THE ROLE OF SMALL SCALE BUSINESS TOWARDS ECONOMIC DEVELOPMENT OF NIGERIA
ILIYA SIMON PUKUMA
Department of Business Administration and Management Studies, Adamawa State Polytechnic, Yola, Numan Campus, Adamawa State.
Small scale business is a machinery that enhance economic development in society for decades that attract recognition globally. This awareness increase the number of Nigerians that strive daily to put their personal ideas and abilities to start small business to provide an effective means of stimulating economic activity that will enhance employment opportunities for unit of capital investment and aiding the development of technology. The study emphases on evaluate the role of small scale business in Nigeria where descriptive method were used to collect data, secondary method of collecting information. Various literatures were reviewed of some scholars. The study revealed that small scale business help to boast economic development in Nigeria that why the federal government are Nigeria play much emphasis on entrepreneurship development. It also identify some of its limiting factor as capital, technology competitive etc. that hamper their development.
Keywords: An Evaluation Of The Role Of Small Scale Business Towards Economic Development.
AN AWARENESS ASSESSMENT OF FORENSIC ACCOUNTING IN BORNO STATE PUBLIC SECTOR
*DR. A.B SANI *DR. M. Y. ABUBAKAR & **BABAGANA M. ABATCHA
*Department of Accounting, Usmanu Danfodio University Sokoto. **Department of Accountancy, Ramat Polytechnic,Maiduguri .
This study assess the awareness of forensic accounting in Borno State public sector. Primary sources of data were used. Hypothesis was stated; questionnaires were drawn in line with the hypothesis for testing. A total of 75 samples, out of which 71 were retrieved from the sample of the population which consist of Borno State Public Sector Accountant, using simple random sampling. Analyses were carried out using descriptive statistics, nonparametric statistics of pearson chi square. The null hypotheses were rejected that leads to the acceptance of the alternative hypothesis. Among the findings were the Accountant in the State civil service were knowledgeable of forensic accounting. The research therefore recommended that Forensic Accounting should be adopted in Borno State, and proper training on Forensic accounting should be provided to staff, adherence to accounting and auditing standards should be followed.
Keywords: Forensic Accounting, Public Sector, Accountant
THE REVIVAL OF RADIO ADVERTISING IN NIGERIA: A CRYSTAL RADIO FM MINNA, EXPERIENCE
1BELLO, BABATUNDE SIKIRU; 2NWOKENKWO, B. O. (MRS.); 3ABDULLAHI, FUNMI HABIBA & 4ASHONIBARE, JOSEPH,
1,2&4Department of Marketing, Federal Polytechnic, Bida 3Department of Business Administration & Management, Federal Polytechnic, Bida
This study examined the revival of radio advertising in Nigeria. The research employed simple random sampling method from where 60 respondents were selected. Questionnaires were employed to draw information from respondents. The findings showed that radio advertising is being hampered by the emergence of internet services and incessant power outage in the country The study recommended that radio stations should pursue means that will lead to the revival of radio advertising such as prevailing of government to improve power supply in the country, employment of versatile workers, buying of quality equipment as well as training of radio staff to meet up with the modern trends and challenges in radio broadcasting in the country.
Keywords: Revival, Radio advertising, Crystal, Experience