TIMBOU-AFRICAN ACADEMIC INTERNATIONAL JOURNAL OF FINANCIAL RESEARCH AND MANAGEMENT SCIENCE (TIJFRMS)
VOL. 8 (7) FEBRUARY, 2022 EDITIONS. ISSN: 2773-1040
TIMBOU-AFRICAN ACADEMIC PUBLICATIONS,
Centre for African Development Studies,
Federal Ministry of Education, Abuja, FCT-Nigeria.
EMPLOYEES CREATIVITY AND ENTREPRENEURIAL PERFORMANCE OF SELECTED SMES IN OFFA LOCAL GOVERNMENT KWARA STATE, NIGERIA
*PROF. EPETIMEHIN FESTUS M.; **ADEIGBE, K.Y PhD; & ***BABATIMILEHIN OLANIPEKUN, E
*Department of Insurance & Actuarial Science, Joseph Ayo Babalola University, Ikeji –Arakeji. **Department of Business Administration, Joseph Ayo Babalola University, Ikeji –Arakeji. ***Department of Business Administration, Federal Polytechnic Offa, Kwara State.
The paper examined employee creativity as a tool for entrepreneurial performance in some selected Small and Medium Enterprises (SMEs) in Offa Local Government Area of Kwara State. The survey and documentary research methods were used in this study. Through the use of structured questionnaires, data from existing records of SMEs operators on the subject topic was collected for the survey research. The respondents for the study were chosen using basic random selection. The population of the study consists of 180 registered SMEs operators in Offa Local Government and the paper used TaroYamane sample size determination techniques to come up with 124 respondents. The information gathered was examined using a mean frequency count and percentage. The data acquired in the field was analyzed using SPSS. Investigate employee creativity on entrepreneurial performance. The findings revealed that there is a link between creative thinking and SMEs’ entrepreneurial performance. In view of this finding, employees of both public and private organizations should be more creative in thinking and developing new ways of solving problems both within the internal and external business environments and organizations should motivate their employees enough to be able to bring forth new ideas.
Keywords: Employees creativity, Small and medium enterprises, Motivation, Entrepreneurial performance, creative thinking and expertise
ASSESSMENT OF RECENT NIGERIAN BANKING POLICIES AND ACTIVITIES FOR ECONOMIC GROWTH
*CHRISTOPHER OSEGA OTUBOR; **IBRAHEEM RISLAN IDRIS; *OLORUNTOBA ADEYEMI DAVID; & ***ANNE WUYEP
*Department of Banking & Finance, University of Jos, Jos, Plateau State. **Department of Marketing, University of Jos, Jos, Plateau State. ***Tertiary Education Trust Fund, TETFUND, Abuja, No. 10, Da Gwom Du Way, Topp, Rayfield, Jos
The research assessed the effect of recent Nigerian Banking Policies and Activities as they affected the economic growth of the country from 2018 to 2020. Sectoral banks were assessed for adequate coverage. Descriptive survey design was adopted with, population of 750 made of bank customers, business owners, financial analysts and the academia. Only 730 responded and collected. The age bracket was from thirty-five years and above. Source of data was primary by self-administered questionnaire with five-point Likert-scale, validated by four senior academics in related field. Method of data analysis was linear regression. Finding revealed that the policies and activities have positive effects but the drives have not speedily affected the economic growth of the Nation. Recommendations were there should be faster drives for drastic implementation of banking policies and activities, regular evaluation, implement policies and activities as quick as faster.
Key: Assessed, Nigerian, Banking, Policies, Activities, Economic, Growth
ECONOMIC MELTDOWN AND ITS EFFECTS ON RELIGIOUS PRACTICES AND SUSTAINABLE DEVELOPMENT IN NIGERIA
WADAM Z. S.
Department of Arts Education, Faculty of Education, University of Jos
The paper examines some of the anti-religious practices caused by economic crisis in Nigeria The paper viewed religion as an instrument for political and socio-economic gains, thereby making many politicians to hide under the big three for their achievements. It also examines the over dependent of Nigeria on revenue generation from oil and question. What would happen to moo-economics it assumed that Nigeria has no plans to meet the train wreck coming its way. It further gives an analysis of the effects of economic meltdown to Nigeria people and its possible solutions, conclusion, suggestions and recommendation are given.
Keyword: Economic meltdown, effects, religious practices, sustainable development, Nigeria.
EFFECT OF DIVERSITY TRAINING ON ORGANISATIONAL COMMITMENT IN NIGERIAN DEPOSIT MONEY BANKS
SANUSI GAMBO; ABDULKADIR MUSA BADARA; & WASILU SULAIMAN
Department of Business Administration, Faculty of Management Sciences, Bauchi State University Gadau
This paper reviews some of the emperical studies that were conducted on the area of diversity training, leadership style, organizational commitment and staff of Nigerian commercial banks. There is an increasing in concern in the Nigerian commercial banks that the investment made in diversity training should be justified in terms of improved commitment. Organizational commitment is strive to compete in the competitive environment on the basis of diversity training, leadership style skills and knowledge by putting more emphasis on organizational commitment. On the contrary employees are not getting required diversity training needed that improve their commitment. Some of the requisite skills of organizational commitment which include: diversity training skills and good leadership style. The result shows that with diversity training knowledge together with good leadership style there’s organizational commitment.
Keywords: Organisational Commitment, Diversity Training, Leadership Style
DETERMINANTS OF HOUSEHOLD PURCHASE AND ITS EFFECTS ON PATRONAGE OF CONSUMER GOODS IN IBADAN, OYO STATE, NIGERIA
CHIDI M. AYOZIE
Department of Management, Faculty of Management Sciences, Imo State University Owerri, Imo State
This study focused on determinants of household purchase and its effects on patronage of consumer goods in Ibadan, Oyo State, Nigeria. The study was carried out to identify the major factors influencing purchase behavior within the family. Survey research design was used and questionnaire served as the instrument for data collection. The data collected were presented in tables and analyzed using simple percentage, bar chat and mean statistics. The hypotheses were tested using Mann Whitney Test at 0.05 level of significance. It was discovered that there is significant relationship between family occupation and patronage of consumer goods, culture influences patronage of consumer goods, there is significant difference between income and patronage of consumer goods and there is significant relationship between gender and patronage of consumer goods. It was recommended that business organizations that want to achieve high level of customer repeat purchase, must always recognize, promote and effectively pay attention to income, family occupation, culture, and gender variables which determines and influences their level of patronage of household products. More so, couples in the family should have diverse occupation which will enable them to earn income from both sides so as to always perform their responsibilities in purchase decision. This study therefore concludes that the achievement of patronage of household consumer goods depends on many factors which include income, family occupation, culture and gender.
Keywords: Determinants, Household Purchase, Consumer Goods, Family, Culture, Household Income, Patronage
BOARD CHARACTERISTICS AND CORPORATE FRAUD: A STUDY OF SELECTED COMPANIES LISTED IN THE NIGERIAN STOCK EXCHANGE
*DR. OHIOKHA, G.; & **SULAIMAN–OLOKO, ABDUL
*Department of Accounting, Faculty of Arts, Management and Social Sciences, Edo State University Uzairue, Edo State, Nigeria. **Department of Accountancy, Auchi Polytechnic, Auchi, Edo State, Nigeria
This study is aimed at ascertaining the effects of managerial ownership, board independence and gender diversity on corporate fraud. The study focused on selected quoted firms in Nigeria. Judgemental sampling technique was employed to select thirty-two (32) quoted firms for a period of five years (2015-2019). Least square method was employed for analysing the data. The results showed that board independence has positive effect on corporate fraud while managerial ownership has negative effect on corporate fraud of listed firms in Nigeria. It further shows that gender diversity has no significant effect on corporate fraud. The study at the end recommended that the independence of the board should be in line with the complexities and scale of operation of corporate entities laid down by the Nigerian Code of Corporate Governance issued.
Keywords: Board Characteristics, Board Independence, Board Gender, Managerial Ownership Corporate Fraud.
E-COMMERCE AND ITS IMPACT ON ACHIEVEMENT OF CUSTOMER SATISFACTION OF CONSUMER PRODUCTS
AMINA MOHAMMED DOKO & SALIHU SHEHU
Department of Marketing, Federal Polytechnic, Bida
Electronic commerce also known as e-commerce has facilitated the emergence of new marketing strategies and business models in several industries in developing countries, Nigeria inclusive. This study examined E-commerce and Customer satisfaction. Selected customers and employees of Jumia.com and OLX.com served as the study population. The broad aim of the study is to examine the effect of E-commerce on customer satisfaction. The study is on Jumia.com and Olx.com in Minna, Niger State which is about 305 customers. This population was selected with simple random technique using Taro Yamane formula to determine the sample size of 173. The research instrument used in this research for the collection of data is questionnaire. Analysis of data is based on 173 copies of questionnaire administered to users of Jumia.com and OLX.com. A total of 80 copies were filled and returned from Jumia.com and 70 was filled and returned from OLX.com, making a total of 150 copies returned while 23 was withheld. The statistical tool used is the chu-square (X2) model using statistical package for social sciences(SPSS) as a tool. The formulated hypotheses were tested using chi-square. Summary of findings shows that 56% agreed that Jumia.com make transaction process so easy that buyers forgot about open market while 26% disagreed while 28% shows that Olx.com makes transaction process so easy that buyers forget about Open market while 63% disagreed. It is therefore concluded that Nigeria is one 0f the fastest growing telecommunication country in Africa. The study therefore recommends that online marketing organization should work at adopting policies that would reflect the factors that encourages customers to use online shops.
Keywords: E-commerce, Impact, Achievement, Customer Satisfaction, Consumer Products.
DIGITALIZATION OF OFFICE MANAGEMENT FOR SUITABLE STRATEGIES FOR GREATER PRODUCTIVITY
*ASOGWA SYLVESTER O.; *IFESI, CECILIA; & **ABAH OCHEPO SUNDAY
*Office Technology and Management Department, Federal Polytechnic, Bauchi. **Department of Surveying and Geo-Informatics, Federal Polytechnic, Bauchi
Office Digitalization is revolutionizing the way business is conducted within industrial value chains through the use of Internet, intensive data exchange and predictive analytics different from the office of yesteryears. However, technological application on its own is not enough; profiting from digitalization requires business model innovation such as making the transition to advanced service business models. Yet, many research gaps remain in analyzing how industrial companies can leverage digitalization to transform their business models to achieve sustainability benefits. Specifically, challenges related to value creation, value delivery, and value capture components of business model innovation need further understanding as well as how alignment of these components drive sustainable industry initiatives. This write up therefore attempts to look at the contributions of a digitalized office in sustaining industrial initiatives through improved productivity, high quality of product and easy service delivery.
Keywords: modeling, office management, digitalization, suitable, strategies, productivity
THE EFFECTS OF PERFORMANCE APPRAISAL EXERCISE ON THE MORAL OF WORKERS: A CASE STUDY OF GOMBE STATE UNIVERSITY NON-ACADEMIC STAFF
*YUNUSA SABO MOHAMMED; **LUMMO BALA KACHALLA; ***ALICE NIGEL BACHAMA; & ****ABDULKADIR ABUBAKAR BAJOGA
*Department of Public Administration, Gombe state Polytechnic, Bajoga; **Department of Political Science, Federal University, Kashere, Gombe state. ***Department of Public Administration, Gombe State University. ****Department of Public Administration, Federal Polytechnic, Kaltungo.
Performance Appraisal Exercise has increasingly become part of a more strategic approach to integrating human resource activities and may now be seen as a generic term covering a variety of activities through which organizations seek to assess employees and develop their competence, motivate them, enhance performance and distribute rewards. The main objective of this study therefore, is to assess Performance Appraisal Exercise on the moral of workers. The study adopted the use of both primary and secondary sources of data. Also, simple percentage statistical analysis were used to analyze the data obtained from the respondents. A sample of 15 respondents was used to obtain the information from Gombe State University Non – Academic staff in the Works Department. The study shows that Performance Appraisal Exercise increases the moral of workers and their commitment to work. The study recommends among others that Performance Appraisal Exercise of employees should be carried out based on the adoption of the right Performance Appraisal Technique by the institution to avoid bias and unfair appraisal of workers. The study also recommends that workers who are found with the right attitude towards work should be praised, promoted and rewarded.
Keywords: Performance Appraisal, workers, moral, Performance Feedback, Effects.
PERCEIVED SELF-EFFICACY AND ENTREPRENEURIAL INTENTION AMONG UNDERGRADUATE STUDENTS IN TERTIARY INSTITUTIONS IN SOUTHWEST, NIGERIA
LADOKUN, I. O.
Department of Marketing, the Polytechnic, Ibadan, P.M.B. 22, U.I. Post Office, Ibadan, Nigeria.
The paper examines the relationship between perceived self efficacy and entrepreneurial intention among undergraduate students in selected tertiary institutions in southwest, Nigeria. Perceived Behavioural Control, another term for self-efficacy entails the individual’s perception of the ease or difficulty of becoming an entrepreneur. Multi-stage sampling technique was used to select all six universities currently running entrepreneurship as a programme in the Southwestern Nigeria; three polytechnics that are running entrepreneurship as part of their programmes were randomly selected for the study and stratified random technique used to select six hundred (600) final year students from the nine institutions. This sample size was determined by Godden (2004) formula for study population that is greater than fifty thousand respondents. Copies of structured questionnaire were used to collect the data from the respondents. Data were analyzed with the aid of descriptive statistics and correlation analysis to test the hypothesis. Findings show that perceived self efficacy with (r=0.519, p<0.05) has positive and significant correlation with student’s entrepreneurial intention. The implication is that entrepreneurship is largely an act of mind. It is an attitude. Self-confidence and competence will help in becoming what one plans to become. It was concluded that having a high perception about one self could boost one’s entrepreneurial intention. The study however recommends that entrepreneurship education curriculum should be reviewed and enriched to enhance student’s perceived self-efficacy.
Keywords: Entrepreneurship, Entrepreneurship Education, Self-efficacy, Entrepreneurial Intention, Social Norms, Attitude, Planned Behaviour.
AN ASSESSMENT OF EFFECTS OF ECONOMIC INFRASTRUCTURES ON THE BUSINESS PERFORMANCE OF WOMEN ENTREPRENEURS IN BAUCHI STATE
DR FATIMA B. HARUNA; ABDULSAMAD B. ALABEDE; & MABARUKA SANI BABA
The adequacy and availability of economic infrastructure has been used today to access the level of industrial development of nations based on the poor state of infrastructures in Nigeria. The country has been rated poor due to inadequate supply of infrastructure especially electricity and water supply. These are very important inputs for production as no business can survive without these basic infrastructures which are grossly inadequate and the little that are available are mismanaged due to lack of proper maintenance and maintenance culture on the part of the users. This paper analyzed the impact of electricity supply on the business activities and it was found out that there is positive relationship between electricity supply and business performance but from the data collected from entrepreneurs surveyed, their major challenge in business is the inadequacy of electricity supply or power outage hence they resorted into using personal generators which add to their cost of doing business which grossly reduced their profit. The paper then recommended that government should invest heavily on infrastructures, and there should be proper maintenance of the existing facilities. In addition the masses should develop good attitudes towards government facilities and good maintenance culture to ensure effective utilization of resources for the economy to move forward.
KEYWORDS: Effects, Infrastructures, Business Performance, Enterpreneurs.
COMPETENCIES REQUIRED BY CIVIL SERVANTS IN BITTER LEAF (Verononia amyglina) PRODUCTION FOR SUSTAINABLE INCOME IN ANAMBRA STATE
1CHUKWUKELU, IFEANYI. SAMUEL; 2OBHIOKHENAN, AMBROSE, A. (PhD); 2EDET, EYO; AND 3ENEMCHUKWU AUGUSTINE KANAYO
1Departmemt of Agricultural Education Federal College of Education (Technical) Asaba, Delta State. 2National Productivity Centre Calabar, Cross River State. 3National Productivity Centre Enugu, State Office
The study examined the competencies required by civil servants in bitter leaf production in Anambra State. Three research questions guided the study. Descriptive survey design was adopted for the study. The sampled population was 201 civil servants out of all the civil servants in the state secretariat complex Awka and 68 agricultural extension workers from state ministry of agriculture. A 4 point scale type of questionnaire made of three sections with 39 items was used. The questionnaire was validated by three expects. Data collected was analyzed using mean scores. A criterion mean of 2.50 was set for decision on the research questions. Findings revealed that civil servants required competencies in 35 out of the 38 competency items on the questionnaire. It was recommended that civil servants should be trained by extension workers on the potentials in bitter leaf and competencies required to go into commercial production. Also they should form cooperatives for easy assessment of soft loan from commercial production.
Keyword: Competencies, civil servants, Bitter leaf, production, sustainable and income.
TOURISM ENTREPRENEURSHIP AND POVERTY ALLEVIATION IN IMO STATE
DONATUS, EVEREST AKALAZU1; EZEIBE NDIDI. F.2; & NJOKU, KENNETH CHUKUDI.3 PH.D
1Department of Leisure and Tourism Management, Federal Polytechnic Bauchi. 2Department of Hospitality Management Technology, Federal Polytechnic Nekede, Owerri. 3Department of Business Administration, Faculty of Arts, Social and Management Sciences, University of Agriculture and Environmental Sciences Uwuagwo, Imo State
The focus of this empirical study is to contribute empirical literature in the area of tourism entrepreneurship and poverty alleviation. The study was conducted to examine the level of correlation between tourism entrepreneurship and offer of employment opportunities; assess the relationship between tourism entrepreneurship and sponsored skill acquisitions; determine how tourism entrepreneurship influences financial support to destitute homes; and evaluate the level of correlation between tourism entrepreneurship and offer of scholarships to deserving students. The study adopted the survey research design. Data were obtained from both primary and secondary sources. The purposive sampling technique was adopted in the study. The Cronbach Alpha statistic was used to obtain a value of 0.77 as the instrument reliability ratio. Data analysis was committed to descriptive statistics and correlation analysis. The analysis was enabled by the use of SPSS software. The results showed that there is a significant positive relationship between tourism entrepreneurship and offer of employment opportunities; there is a significant positive relationship between tourism entrepreneurship and sponsored skill acquisition; tourism entrepreneurship significantly and positively enhanced financial support to destitute homes; and there is a significant positive relationship between tourism entrepreneurship and offer of scholarships to deserving students. It was concluded that tourism entrepreneurship is a predicator of poverty alleviation in Imo State. With tourism entrepreneurship, employment opportunities are offered and skill acquisition programmes are well sponsored. Also, tourism entrepreneurship is a route to financial support to destitute homes. It is a driver of offer of scholarships to deserving students. The researchers further concluded that any tourism enterprise that does not pay attention to poverty alleviation makes no optimal contribution to the good of present and future generations: the components of patronage to tourism entities. It was recommended that Tourism enterprises that are yet to embark on poverty alleviation programmes should improve on their employment rates so as to combat poverty. Tourism enterprises should seek more of those that lack skills and are poor so as to sponsor them on any skill of their choice. Tourism entrepreneurship should be a veritable tool for supporting destitute in the society so as to drastically reduce poverty and Tourism entrepreneurship should be an instrument to offer more scholarships especially to young females from poor homes
Keywords: entrepreneurship, poverty alleviation, employment opportunities, skill acquisition, financial support to destitute home
IMPACT OF PETROLEUM PROFIT TAX ON ECONOMIC GROWTH IN NIGERIA
SHAMSUDDEEN, SHEHU; SA’EED MAHMUD; & BABA RANI
College of Business and Management Studies, School of Business and Financial Studies, Kaduna, Polytechnic.
The paper aim to evaluate the relationship of petroleum profit tax and economic development of Nigeria for the enhancement of the standard of living of the citizens. The research design used in this study is descriptive research design. Secondary data were used in this study. The relevant data for the study were obtained from Central Bank of Nigeria (CBN) annual Statistical Bulletins. The data covered the period from 2000-2019. OLS Regression analysis was used to measure the relationship between the dependent variable and independent variables. Regression analysis technique was used to measure the relationship between a dependent variable and independent variables. The finding show that, petroleum profit tax (InPPT) has a positive impact on economic growth (InGDP) and this conform to the priori expectation of the theory. That is, as shown in the table 4.1, one percent level of increase in petroleum profit tax (InPPT) results in 0.268742 (i.e approximately 30%) increases in the level of economic growth (InGDP). Interestingly, the result of suchimpacts is statistically significant because the corresponding p-value (0.0301) is less than 0.05 or 5% statistical level of significance.the study recommends that: Deliberated efforts must be made in reviewing the current administration of PPTA in Nigeria to reflect the international standard on the petroleum profit tax Act as it relates to the assessment of firms in the upstream subsector of the petroleum industry, charging appropriate tax on taxable earnings of operators in the upstream subsector of the petroleum industry.
AN INTEGRATION OF SERVICE QUALITY AND SECURITY IN THE DETERMINANTS OF INTERNET BANKING ACCEPTANCE AMONG BANK CUSTOMERS
*EKE VINCENT IKECHUKWU; *INUWA M.L; & **HASSAN BARAU SINGHRY
*Department of Marketing, Federal Polytechnic, Bauchi, Nigeria. **Department of Management and Information Technology, Abubakar Tafawa Balewa University, Bauchi, Nigeria.
This study aimed at integrating service reliability and security as the determinants of internet banking acceptance among bank customers. The study adopted the survey research design based on quantitative approach. Structured questionnaire was used to collect data from bank customers in Bauchi and Gombe states, North-east Nigeria using the convenience sampling technique. Out of the 406 questionnaires administered to the bank customers, 403 responses were retrieved back and found fit for the analysis. The collected questionnaires were analyzed using structural equation modeling. The analysis revealed that performance expectancy, effort expectancy, social influence and reliability have significant positive effect on the behavioural intention to use internet banking service while security does not. In addition, behavioural intention and security have a positive effect on acceptance of internet banking. The study contributes to the understanding of the role of service reliability and security as determinants of internet banking acceptance in a developing country; it shows the mechanism through which reliability and security influence intention and actual usage of internet banking. The findings implies that banks service reliability coupled with strong. Security protocols that prevent intruders from gaining access to customers’ information will enhance the acceptance rate of internet banking systems. In addition, banks’ marketing communication should not overlook the important role of technology and individual related factors as they influence intention decisions of customers.
Keywords: Behavioural intention, effort, performance expectancy, internet banking acceptance, reliability, security, social influence
THE IMPACT OF TRAINING ON STAFF DEVELOPMENT IN AN ORGANIZATION
SALIHU SHEHU; & AMINA MOHAMMED DOKO
Department of Marketing, Federal Polytechnic, Bida
This project work focuses on the impact of training on staff development as a means of organizational survival. A Comparative Study of Nigeria Television Authority (NTA) Bida and Radio FM Bida, Niger State. The problem that necessitated this research work, among others, is the high turnover of the workforce, harming the organization due to the increase in recruitment and selection costs which delays service delivery and morale. employee bottoms and management’s failure to recognize the type of training that will lead to staff productivity. The objective of this concluding research work is to identify the factors affecting high staff or employee turnover in an organization. The research work focuses on NTA Bida and Radio FM Bida, which have a total of 20 and 36 people respectively. Data was collected using primary and secondary sources. Several books, journals and experts were cited in the literature review which constitute secondary data. During primary data collection, questionnaires were administered. The opinions of the employees of the organizations were sought through face-to-face interviews and observations before analyzing the data collected. Based on the main findings, which include a large number of NTA Bida and Radio FM Bida employees agree that the failure of management to provide adequate work equipment leads to high staff turnover in the organization and a large number of employees of NTA Bida and Radio FM Bida agrees that proper training of employees leads to high productivity in the organization, the recommendation made therein; management must ensure that all employees are well trained to increase their productivity. The authority of NTA Bida and Radio FM Bida should intensify its staff training and development efforts to ensure effective productivity of its staff within the organization.
Keywords: Impact; Coaching; Staff; Development; Organization
CRISIS RECOVERY STRATEGY AND VISITORS PATRONAGE IN THE HOSPITALITY AND TOURISM INDUSTRY (CASE STUDY OF JOS PLATEAU STATE)
DIMFWINA, N. TONGSHINEN1 AND DR. (MRS) IFEGBO LAWRENCIA2
1Hospitality Management Department, Federal Polytechnic Bauchi, Bauchi Nigeria. 2Department of Hospitality and Tourism Management, Imo State University, Owerri, Nigeria
The hospitality industry in Nigeria has developed over the past years until recently when it witnessed decline due to crisis. Visitors viewed Nigeria and particularly plateau state as a danger zone. Crisis management has received great attention from researchers in recent times, discovering how to deal with tragedies and cope with crises by preparing in advance, modernizing or inventing new methods of crises management recovery strategies, and learning from experience. Globally, crises can have significant effects on tourism flows. Whereas studies have discovered several phases of crisis management, this research records an insufficiency of research that embrace the role of crises management recovery strategy on Visitors Patronage in the hospitality and tourism industry as a whole. The objective of this research is to evaluate the role of crisis management recovery strategy, and examine its effect on visitors’ patronage in Plateau state, Nigeria. The research methods included a cross-sectional descriptive survey research design utilizing quantitative methods. The research instrument was structured questionnaire for visitors with the help of stratified purposive sampling procedure where 205 questionnaires were administered, 171 were filled and returned which were, physically checked, cleaned, coded, entered into the computer and analyzed. Descriptive statistics were used to measure intervals and tendencies-test/Ordinary least square model was used to respond to the hypothesis, Pearson correlation was used to measure the relationships between the variables while multiple regression analysis was used to reflect all the independent variables in finding out their relationship with the dependent variables. Findings from the study revealed that in profiling the crisis management approaches the mean of human resource approaches was 3.34, marketing was 3.25, and Operational processes had a mean of 3.39 while government assistance was 3.28, the study Furthermore indicated that crisis management recovery strategy had a positive and significant effect on visitors’ patronage(r=0.411, p=0.000). Based on this, the study is surely of great concern and importance to scholars, visitors/travellers, inspectors, Government and those planning fresh/new initiatives in the hospitality and tourism industry.
Key Words: Crisis, Management, Recovery Strategy, Hospitality and Tourism, Plateau State
FINANCIAL ACCOUNTING RATIO SUITABLE FOR SMALL AND MEDIUM SCALE ENTERPRISES (SMEs)
*JUDE OKO-OBOH; & **LAWAN ALHAJI BUKAR
*Department of Accounting, Umar Ibn Ibrahim El-Kanemi College of Education Science and Technology Bama, Borno State, Nigeria. **Department of Business Management, Umar Ibn Ibrahim El-Kanemi College of Education Science and Technology, Bama Borno State, Nigeria.
This study is on the Application of Accounting Ratio on the Financial Statement of Small and medium scale Enterprises (SMEs). SMEs have an important position in the world wide economy. The accounting information provided by them must have to play same role. The main purpose of the study is to bring to increase the knowledge of SME owners and operator that, with good record keeping they can also run analysis on their business to determine the future prospects of their businesses. It was concluded that financial ratios like profitability ratio, Acid test ratio and Efficiency ratio can be applied to SMEs financial statements and it can go a long way in helping them to know how viable their businesses are, both now and in the future and know how to make better plan for the future. The study recommended that SMEs owners and operators should be trained on simple record or bookkeeping, they should use accounting ratios applicable to SMEs to enable them make informed decisions.
Keyword: Accounting ratio, financial report, Profitability ratio, Acid test ratio, Financial Statement
MICRO, SMALL AND MEDIUM ENTERPRISES MANAGEMENT, INSECURITY AND NATIONAL ECONOMIC DEVELOPMENT
DR REBECCA OLUFUNKE OLUTOYE
Department of Procurement and Supply Chain Management, Kaduna Polytechnic
Micro, small and medium enterprises (MSMEs) play a big role in any nation’s economic development and the global economy. MSMEs out number large companies by a wide margin and also employ many more people. SMEs are important for economic and social reasons, given the sector’s role in employment. SMEs are also said to be responsible for driving innovation and competition in many economic sectors. In Nigeria, most micro businesses are often owned and managed by sole operators. This paper shares a quick overview of the status of MSMEs in Nigeria and how they boost the nation’s economic development. The paper goes further to assess the issue of insecurity and it’s notable impact in disrupting the massive role played by MSMEs in elevating the economy of Nigeria as the well praised “giant of Africa.” MSMEs are considered a key factor in national economic development. This paper seeks to look at the nexus between MSME management and insecurity as a current trend in the business of national economic development. The paper is also identifying the impact of insecurity as a threat to Nigeria’s social and economic fabric giving the sectors role in massive employment which is a major economic need in the nation. This paper will examine the impacts of MSME management, in the face of insecurity and impact on national economic development of Nigeria through reviewing of literature and the analyses of past academic, institutional and governmental studies and data on the subject.
Keywords: MSMEs, Management, Insecurity, National Economic Development
EFFECT OF FINANCIAL INCLUSION ON CRITICAL THINKING AND BUSINESS IDEAS GENERATION IN NORTH CENTRAL NIGERIA
¹OLATUNJI T.E. (PhD); ²DOGARA, NASIRU DANLADI; ³OJO, GRACE REMILEKUN (PhD); & ⁴SHEHU ALIYU
¹Directorate of Academic Planning, Nigeria Institute of Leather and Science Technology, Zaria. ²Nasarawa State Board of Internal Revenue, Lafia ³Government Secondary School, Airport, Abuja ⁴Directorate of Research and Development, Nigeria Institute of Leather and Science Technology, Zaria
Financial inclusion has been globally recognized as essential for capital accumulation, easy financial services accessibility, poverty alleviation as well as entrepreneurial and economic growth. As Nigerian government is making progress in the achievement of financial inclusion, many businesses seems to be springing up in the financial and other economic sectors with intention to tap from the growing access to official financial services. The study examines the Effect of Financial Inclusion on Critical Thinking and Business Ideas Generation in North Central Nigeria. The study aims at ascertaining the effect of financial inclusion (FI) on entrepreneurial growth (EG) in relation to critical thinking and business ideas generation in North-central Nigeria using quarterly data from the World Bank’s World Development Indicators and the Central Bank of Nigeria. Data were analysed using correlation analysis and error correction approach. The results reveal that FI has a significant positive effect on EG particularly in the context of the retail and the wholesale subsectors contributions to gross domestic product (GDP). The results further indicate that account ownership (ACN) did not have significant influence on the growth rate of the retail and the wholesale sub-sectors, while commercial bank branches (CMB) was found to have significant influence on the growth rate of the retail and the wholesale sub-sectors. The study recommends that government should establish more CMB in all rural areas in Nigeria for easy access to official financial products by the unbanked entrepreneurs.
Keywords: Business Ideas, Critical Thinking, Entrepreneurship Education, Financial Inclusion
THE NEED FOR FORENSIC ACCOUNTANTS IN THE FIGHT AGAINTS CURRUPTION IN NIGERIA
GAD BHILIPNANDI EMMANUEL
Department of Accountancy, Federal Polytechnic Bali, Taraba State, Nigeria.
As of resent, governments and organizations have assumed vital role in supporting review of financial statements (audit) by the forensic accountant to reduce any conceivable fraud and to add more confidence in the financial statements. Because of the crumple of partnerships, allegations towards auditors are in the increase regarding fraud detection; this has led to lack of trust by several clients. Subsequently, governments and organizations have issued several benchmarks and controls to adopt the role and the function of forensic accountants has emerged, to identifying fraud. In this way, the aim of this paper is to feature the forensic accountant role and external auditors and their duties and skills to identification of fraud.
EFFECT OF HUMAN RESOURCE PRACTICES AND EMPLOYEE PERFORMANCE RELATIONSHIP IN DEVELOPING ECONOMY
*SANI MUSTAPHA KURA; **MOHAMMED ALHAJI YUSUF; & ***BASHIR ALIYU BAWURO
*Department of Social Work, Ramat Polytechnic, Maiduguri, Borno State. **Department of Business Education, Ramat Polytechnic, Maiduguri, Borno State. ***Department of Social Studies, College of Education, Zing, Taraba State
The development of a nation/organization is the major worry of most governments all over the world. Human resources have been identified as one the most important catalysts in the nation’s/organization development. This important and critical resource has not been fully developed, managed, and utilized in such a manner that would engender development especially in an emerging economy. This paper therefore focused on the relationship between HR practices and employee performance in emerging economy. The paper sought to establish relationship between selected functions of the HR practices (i.e., recruitment and selection; training and development) and employee performance. Based on the literature reviewed, it seems that both sets of HR practices under reviewed shall have direct and positive relationship on the employee performance.
Keywords: Employee Performance, HR Practices, Recruitment and Selection, Training and Development, Emerging Economy