INTERNATIONAL JOURNAL OF MANAGEMENT SCI. & ENTREPRENEURSHIP VOL. 7 NO.5 DEC-2018 ISSN: 1016-7534
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PAPERS:
ASSESSMENT OF ENTREPRENEURSHIP TRAINING NEEDS: TRAINING OF ENTREPRENEURS IN THE INFORMAL SECTOR OF NIGERIA ECONOMY.
S.O. ONIMOLE
Department of Entrepreneurship, College of Management Sciences, Joseph Ayo Babalola University, Ikeji Arakeji, Osun State, Nigeria.
Abstract
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n this study, training needs of Entrepreneurship is considered as the gap between the current capability of the entrepreneurship venture vis-a-vis the entrepreneur, and the desired or the expected capability. The study examines informal sector activities with the aim and objectives of assessing and identifying training needs and deficiencies in specific skills of the entrepreneurs in the informal sector in Lagos and Kano business environment of Nigeria. The research method adopted for this study was survey and documentary analysis. The survey research involved collection of data from existing records and findings of the opinion on the subject through the use of structured questionnaire. Stratified sampling technique was used to select the 280 respondents for the study. The population for the study comprised selected entrepreneurs, human resource practitioners, trainers small business owners and supervisors in the study area. The internal consistency of the questionnaire was determined using Cronbach Alpha. The reliability coefficient of the questionnaire was 0.79. Data obtained were analyzed using mean, frequency count, percentages and one-way analysis of variance. A large proportion of the respondents indicate that the entrepreneurs in the informal sector generally require entrepreneurial skills, training in management and marketing skills to run business, creativity and innovative skills, accounting management, selling skill, planning and administration, financial management, pricing of products and basic education and more technical skills orientation. Based on the findings it is recommended that any effort at venturing into training in the informal sector must take cognizance of the special needs of the entrepreneurs including managerial, marketing and integrated technical skills acquisition with managerial and business skill training.
KEYWORDS: Informal Sector, Training Needs Assessment, Training and Development, Apprenticeship, Technical, Managerial
DISCOURSE AND NARATIVE OF THE NIGERIAN ECONOMY: FROM THE AGRICULTURAL POLICIES PERSPECTIVE
RASAK BAMIDELE PH.D1, AKE MODUPE PH.D2, OYE OLUBUKOYE3 4GANIYU, RAQSA.O.,
1,3Department of Sociology, College of Business and Social Sciences, Landmark University, Omu-Aran, Kwara State 2Department of Political Science, College of Business and Social Sciences, Landmark University, Omu-Aran, Kwara State 4Department of Sociology and Psychology, Fountain University, Osogbo, Osun State.
Abstract
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or decades, agriculture has been associated with production of essential food crops. At present, agriculture above and beyond farming includes forestry, dairy, fruit cultivation, poultry, beef keeping, mushroom etc. Today, processing, marketing and distribution of crops and livestock products etc. are all acknowledged as part of current agriculture. Thus, agriculture could be referred to as the production, processing, promotion and distribution of agricultural products. Agriculture is the backbone of economic system of a given country. In addition to providing food and raw material, agriculture also provides employment opportunities to very large percentage of population and a high potential for food security and poverty reduction. However, these potentials has remained largely untapped which has led to the dwindling performance of the agricultural sector both domestically and in the international trade over the years. The study contends that government’s agricultural policies over the years in Nigeria recorded partial success, going by this fact the country still face problems of food security, malnutrition and hunger, low earnings from agriculture as the GDP from agricultural sector declines. This study covered the key issues on Nigerian agricultural policies especially as it concerns the formulation and implementation of agricultural policies and programmes as well as their achievements. The agricultural sector has a strong relationship with the economy; hence, the concern for agricultural policies and the economy. The functionalist theory was adopted for this study.
KEYWORDS: Agricultural Policies, Nigerian Economy, Employment, Poverty, Food Security
EFFECTS OF GOVERNMENT ENTREPRENEURSHIP PROGRAMME ON THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES, A STUDY OF SELECTED SMES IN UMUAHIA NORTH L.G.A OF ABIA STATE, NIGERIA.
DR MELLETUS UCHECHUKWU AGBO
Department of Business Administration, Michael Okpara University of Agriculture, Umudike, Abia State Nigeria.
Abstract
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he paper examined effects of government entrepreneurship programmes on the growth of small and medium scale enterprises in Umuahia North Local Government of Abia State. The population of the study was one thousand, five hundred (1500) while the sample size was three hundred and six (316). The researcher adopted judgemental sampling technique for the study. The finding revealed among others that government entrepreneurship programmes had positive and significant effects on the profitability of small and medium scale enterprises.
FRAMEWORK OF FINANCIAL RETURNS IN TOURISM: A GLOBAL PERSPECTIVE
*JOSHUA MAXWELL ELGEN **CLARA KEHINDE ASOJO ***AYUBA S. DUBAGARI
*Department of Tourism Management, National Institute of Hospitality and Tourism, Bauchi Campus **Department of Hospitality Management, NIHOTOUR, Bauchi Campus ***Department of General Studies, NIHOTOUR, Bauchi Campus.
Abstract
Financial tourism returns can be viewed as yield as profit of the economy, yield as economic impact and yield as contribution to GDP. The effect of tourism on the balance of payment consists of its effect within the country and effect of international tourism. Tourism contribution to gross national product is seen by assessing visitor expenditure at current prices for both domestic and foreign tourism and then subtracting goods and services purchased by the tourism sector. Foreign control of tourism industry results from the encouragement of foreign investments in the early stages of tourism development and the emergence of Multinational Corporation. The tourism multiplier effect consider direct spending, indirect spending and induced spending. National multipliers are usually higher than those of regions because of the larger economic base and the smaller leakages. Forecast of tourism and financial returns towards the economic development a global perspective shows that tourism as a sector will grow at a faster rate than all other sectors in the global economy. Also by year 2020, China will become the largest receiver of international tourist. Moreover, the percentage of the travelling population involved in international travel will increase from 3.5% in 1998 to 7% in 2020. Finally, international tourism arrival worldwide by 2020 will be 1.6 billion with spending in excess of 2trillion US dollars.
KEYWORDS: Balance of payments, Gross National Products, Capital investments and Multiplier effects.
AN ASSESSMENT OF THE IMPACT OF COMPANY INCOME TAX TO ECONOMIC GROWTH OF NIGERIA
AYANWUYI JOHNSON, EMMANUEL UAREME IRIABIJE, EIKHOMUN EHI DANIEL, SUBLIM IBRAHIM JOHN
Department Of Accountancy, Federal Polytechnic Bauchi
Abstract
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he Nigerian Tax System has undergone significant changes in recent times. However, the tax system is basically structured in such a way as to contribute to economic growth through income generation. This research examines the impact of company income tax on economic growth of Nigeria covering a period of 2000 to 2013. Basically the data were collected from CBN annual report. All collected data were treated statistically using descriptive and simple regression tools. The result of the research shows that company income tax has a significant impact on economic growth of Nigeria. The economic growth variable used in this research work includes gross domestic product, gross national product and net national product. The study recommends that other areas should be venture into to assess the impact of company income tax on economic growth, areas like impact of personal income tax on economic growth, and also adequate length of years should be given to cover a large volume of information.
KEYWORDS: Company Income Tax, Gross Domestic Product, Gross National Product, Net National Product.
AN EMPIRICAL EVALUATION OF THE IMPACT OF CORPORATE GOVERNANCE ON THE LEVEL OF ECONOMIC GROWTH IN NIGERIA
*IGHOAGUONOR ONOVUGHE WILSON, *AGUNUWA EKOKOTU VINCENT (PhD) AND **NOMUOJA OGHENEOVO JUDE
*Department of Banking and Finance, School of Business Studies **Department of Business Administration and Management, School of Business Studies, Delta State Polytechnic, Otefe-Oghara.
Abstract
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he central objective of the study was to empirically evaluate the impact of corporate governance in the banking sector with respect to bank credit and incidence of bad debts on the level of economic growth in Nigeria. The study covered between 1980 and 2014. The choice of this period was based on the fact that the period was characterized by financial crisis and various financial regulatory, monetary and economic policies. The data were sourced from secondary sources and were analyzed using the co-integration and error correction methodology. The result showed that the dummy variable for corporate governance was statistically significant in explaining the performances of bank lending. Also, total bank deposits have a significant and positive impact on economic growth while total bad debts have a negative and significant impact on the level of economic growth. It was therefore recommended amongst others; that a more efficient and dynamic corporate governance was a pre-requisite for total bad debts elimination in the banking sector and to deepen the economy through investment. This has become necessary because of the high level of bad debts in the sector and bank distresses.
KEYWORDS: Corporate governance, Economic growth and Bad debt.
PROBLEMS AND PROSPECTS OF POVERTY ALLEVIATION IN NIGERIA
*ANNA, DAVOU BAGGET AND **HARUNA, JAMES HELE
*Social Development, School Administration and Business Studies, Plateau State Polytechnic Barkin Ladi Plateau State **Administration Department, Bingham University Teaching Hospital, Jos
Abstract
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overty has continued to be a problem in the whole world with sub-Saharan African countries having the highest victims. This paper discussed the problems the problems and prospects of poverty, the general concept of poverty, the perception of poverty, indicators of poverty, and causes of poverty. It discussed the various government strategies and policies for poverty reduction and also makes some recommendations.
KEYWORDS: poverty, poverty alleviation, perception of poverty, indicators of poverty, causes of poverty.
SUCCESSION PLANNING IN THE NIGERIAN PUBLIC SERVICE
UMORU, AGBOMIRE VICTOR (Ph.D)
Department of Business Administration & Management, Auchi Polytechnic, Auchi
Abstract
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uccession planning is the plan an organisation employs to meet its most critical employment needs. Succession planning is critical to the sustainability and competitive advantage of any organisation, irrespective of its ownership structure. However, the public sector organisation rarely undertake succession planning for myriad of political reasons and these have drastically affected the growth and sustainability of this sector. The study suggests the need for managers of public sector organisation to employ succession planning, using the integrated model of succession planning, which considers organizational factors and other historical precedence in guiding the process itself to full implementation. This is in-view of the fact that organisation that fails to plan indirectly plans to fail. To reposition organisation for effective performance and service delivery, the study recommends the urgent need for the public sector to establish effective succession planning, capable of building a pool of talent from within, so as to enhance leadership continuity amongst others.
KEYWORDS: Succession Planning, Organisation, Politics, Public Service, Subordinate
THE ROLE OF VOCATIONAL GUIDANCE IN OFFICE TECHNOLOGY AND MANAGEMENT TOWARDS WEALTH CREATION AMONG YOUTHS FOR POVERTY REDUCTION IN NIGERIA
*CEPHAS N. LEKA, AND **GIBSON J. GODOBE,
*Office Technology and Management, Federal Polytechnic, Bauchi. **Registry Department, Federal Polytechnic, Bauchi.
Abstract
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uidance and Counselling is a field of specialization needed by all fields of discipline unfortunately it has been relegated by many. This paper looked at Guidance and Counselling, with specific focus on how it can be used to provide relevant advices relating to Office Technology and Management, which is a program under Vocational and Technical Education. It is with the aim of creating wealth among Nigerian youths so that poverty can be reduced to the barest minimum. To address this issue, related literature was reviewed in the area of guidance and counselling, vocational and technical education, Office Technology and Management. It found among others, poverty among youths in Nigeria is a reality and not a myth. It was concluded among others also, that it is for lack of proper counselling that youths are not guided into Office Technology and Management so that they can generate wealth from it. It was recommended that government should make proper use of Guidance and Counselling specialists to provide proper guide for youths to have direction into vocation they can fit into.
KEYWORDS: Guidance and Counselling, Vocational and Technical Education, Office Technology and Management, Wealth Creation, Poverty Reduction.
ECONOMIC VARIABLES AS DETERMINANT OF AGRICULTURAL OUTPUT: (STUDY FROM GUBI AREA OF BAUCHI, BAUCHI – STATE, NIGERIA)
OGUNDE OLUKEMI OLUYEMISI1 HAMZA SALIHU UMAR2 OMONIGHO MERCY TEGA3
Department of Banking and Finance, Federal Polytechnic Bauchi, Bauchi State.
Abstract
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his study examined the role of economic variables in determining the output of farmers, study from Gubi area of Bauchi, Bauchi State. Primary data were collected with the use of 120 questionnaire distributed to farmers in the area as well as sourced secondary data from the Central Bank of Nigeria statistical bulletin and journals. This study covered a period between 2016 to 2017.Ordinary least square(OLS) regression analysis was used to examine the role of economic variables in determining agricultural output. The analysis of the data revealed that inflation rate has positive relationship with farmers output while exchange rate and lending rate showed negative relationship with farmers output. This study recommends that the government should promote sound and coherent policies to enhance agricultural output.
KEYWORDS: Agricultural output, lending rate, exchange rate, inflation rate.
EFFECT OF STAKEHOLDERS’ COMPLIANCE WITH DUE PROCESS POLICY ON CONSTRUCTION PROJECTS IN BAUCHI METROPOLIS
IBRAHIM GARBA1 AND SALISU MAGAJI2
1Estate Management and Valuation Department, Federal Polytechnic, Bauchi – Nigeria
Abstract
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his study attempted to assess the extent at which the due process policy is adhered to in Bauchi Construction Projects. A literature review reveals a limited amount of research in the area of assessing the extent of stakeholder’s compliance with due process policy on construction projects. Questionnaire was distributed to 150 officials to obtain primary data for this study. The data was statistically analyzed to showcase the extent of stakeholder’s compliance with due process in construction projects. The findings indicated that the construction projects in Bauchi has high compliance rate. Findings from this study can be useful to the policy makers, companies and other relevant authorities in their efforts to enhance the effectiveness and adherence with due process.
KEYWORDS: Due Process; Construction Projects; Compliance
THE ASSOCIATION BETWEEN SERVICE ENVIRONMENT AND CUSTOMER’S PATRONAGE OF BUDGET HOTELS IN BAUCHI STATE
DIMFWINA N TONGSHINEN1, WAZIRI JAMILA MOHAMMED2, AIMAS RUBAINU GARKUWA3
1, 2, &3 Department of Hospitality Management, Federal Polytechnic Bauchi, Nigeria
Abstract
| T |
he hospitality industry is much more dynamic and we see day by day changes in the industry. Service setting plays a critical role in shaping expectations, differentiating service firms, facilitating customer and influencing the nature of customer experiences. Customer satisfaction is very important for the hotel to maintain the old and attract the new customers. This study examined the relationship between the multi-aspect of service environment and customer patronage. Three hypotheses were formulated .To experiment these prospects, an investigation with 156 respondents selected from fifteen (15) hotels in the city of Bauchi was conducted. Result from the data was analyzed through descriptive, correlation, and regression analysis. The result from correlation analysis indicated that ambience and customers patronage were positively and significantly associated (r=0.805, p=0.000), spatial layout and customers patronage were positively and significantly associated (r=0.568, p=0.000) and the result also shows that Sign Symbol and Artifacts and customers patronage were not positively and significantly associated (r=0.518, p=0.000). This study present researchers with a framework and highlights the potential of service environment as valuable and appropriate strategy in attracting customers in the hotel industry.
KEYWORDS: Service Environment, Customer Patronage, Budget hotels, Bauchi, Nigeria
PROFITABILITY OF DRY SEASON TOMATO PRODUCTION AMONG SMALL HOLDER FARMERS IN KUDAN LOCAL GOVERNMENT AREA OF KADUNA STATE
ABDULLAHI, H1. OSENI M.O.2 AND IBRAHIM U.2
Samaru College of Agriculture, Ahmadu Bello University, Zaria
Abstract
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rofitability of Dry Season Tomato Production among Small holder Farmers in Kudan Local Government Area of Kaduna State. Majority of households engaged in agricultural activities during the wet season which has a short life cycle, the irrigation improve livelihood through employment, income generation and food security. Primary data were used, Analytical techniques such as descriptive statistic, and gross margin was used. The sampling procedures show that 5 wards out of 10 wards were purposively selected due to high concentration of dry season tomatoes farmers. 10% of sampling frame (1200) was used as sample sizes in all, 120 farmers were randomly selected from the study. The mean average of socio-economic variables of age, farming experience, households, and farm size are 42.8, 9.4.7.9, and 2.9 respectively, and average farm size was 0.5hecters.the farmers in the study area are small scale farmers. The gross margin per naira invested was 1.04k indicating that for every ₦1 invested a profit of 0.4Kwas made. The study concluded that tomato production is a profitable. The study recommended that more farmers should engage into dry season farming since its profitable and economically viable.
KEYWORDS: profitably, irrigation, and farmers
CUSTOMER RELATIONSHIP MANAGEMENT: PANACEA FOR CUSTOMER RETENTION IN NIGERIAN HOSPITALITY INDUSTRY
1ADAH, GEORGE, 2OGAH, AROME VICTOR, 3OMIKA AUGUSTINA NGOZI, & 4MURTALA MOHAMMED ALAMAI
1Department of Marketing, Federal Polytechnic, Idah, Kogi State, Nigeria 2Department of Leisure and Tourism Management Federal Polytechnic Ado-Ekiti, Ekiti Stale, Nigeria 3Hospitality Management & Technology, Federal Polytechnic, Idah. Kogi State. 4Leisure and Tourism Management, Federal Polytechnic, Bauchi, Bauchi State.
Abstract
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he study examined customer relationship management: panacea for customer retention in Nigerian hospitality industry. The study specifically examine the extent attitude of hotel staffs influence customer retention in hospitality industry in Ado-Ekiti, Nigeria and to ascertain the extent customers perception of service quality influence customers’ retention in hospitality industry in Ado-Ekiti. Nigeria. The study adopted survey research design. Primary data was used in the study. 20 – Items of structured questionnaire was used. Questions were measured in 4-point likert scale option of strongly agreed (SA), agreed (A), disagreed (D) and strongly disagreed (SD). The study was conducted in Ado-Ekiti, Ekiti State using five hotel in the area (Midas hotel, Pathfinder hotel, KSSD hotel, Best model hotel and De-Xandra hotel). The population of the study is 110 consists ofstaff and customers of selected hotels in the area. Simple random and convenience sampling technique was used to select sample of 60 for the study. Content validity was used to determine the validity of the instrument and test-retest reliability method was utilized to measure the consistency of the instrument. Pearson moment correlation was used to test hypothesis through SPSS version 17. Two hypotheses were formulated to test the significant relationship between the two variables. It revealed that attitude of hotel staffs and customers perception of service quality influence customer retention in hospitality industry in Ado-Ekiti,. The study recommended as follows: Favorable attitude and relationship should be imbibe by hotel staffs to guarantee continuous patronage by both existing and potential customers and Periodically, management should be evaluating customers as a measure of monitoring personnel to ensure continuous implementation of customer relationship.
KEYWORDS: Customer, Relationship, Retention, Hospitality and Industry
GLOBALIZATION AND NATIONAL INTEGRATION IN NIGERIA
HAKEEM OLATUNJI TIJANI, PHD
Nigerian Institute of Social and Economic Research (NISER), Oyo Road, Ojoo, Ibadan
Abstract
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lobally, as part of responsibilities of the state, guaranty of security of citizens and provision of economic opportunities are fundamental. A state may be tagged a failed state if it fails to provide these basic responsibilities. The Nigerian state has strived to provide economic opportunities for its population. One of the fundamentals for Nigeria to achieve economic recovery is ability of the people, groups and communities to interact freely without losing their cultures, values, traditions and religions. This is aimed at ensuring national integration, which is vital for economic recovery because national integration provides the bond, national cohesion, which state is rested upon to achieve its responsibility. It is the bond that keeps the state as a one indivisible and bourgeoning entity. Ironically, globalization has had implications on Nigeria’s resolve to integrate. Foreign cultures, values and traditions have crept in and the national cohesion needed for the integration is conspicuously eroded. Individualism as a value of the west is transmitted into Nigeria as against its stand on communalism. Individualism as a belief in the West seeks to support the existence of society that it exists for the benefit of individual people, who must not be constrained by government interventions or made subordinate to collective interests. In African communalism, individuals exist to promote the cause of the community. The paper anchors its discourse on Wallerstein’s World System Theory for its salient feature of world system, which sees the rich and powerful prosper at the expense of the poor and the weak. This paper made use of secondary data collection and data were content analyzed.KEYWORDS: Globalization, National integration, Nigerian state, Western culture and African communalism.