INTERNATIONAL JOURNAL OF FINANCIAL RES. AND MANAGEMENT SCIENCE (TIJFRMS)
VOL. 13 (2) MAY, 2023
TIMBOU-AFRICAN ACADEMIC PUBLICATIONS,
Centre for African Development Studies, Federal Ministry of Education, Abuja, FCT-Nigeria.
EFFECT OF HUMAN RESOURCE PRACTICES AND INDUSTRIAL HARMONY ON EMPLOYEE PERFORMANCE OF FEDERAL POLYTECHNIC BAUCHI
1PROF. GARBA BALA BELLO, 2DR. MUKHTAR SHEHU ALIYU AND 3MBAKWE FRANCIS KENECHI
1&2Business Administration and Entrepreneurship, Faculty of Social and Management Sciences, Bayero University, Kano. 3Business Administration and Management, Federal Polytechnic, Bauchi
The study examined the effect of human resource practices and industrial harmony on employee performance in the Federal Polytechnic, Bauchi. A descriptive survey research design with cross-section was adopted and data were collected through questionnaire by means of hand-delivery method. Sample size of 291 were drawn from the population of 1,238 respondents using Krejcie and Morgan table (1970). The population consist of all academic and non-academic staff of the institution. In addition, 174 questionnaires (60% of the sample size) were further distributed in 2023 due to low response from the first distribution. Data was collected in two waves independently from the respondents. First, 290 responses were collected in 2019 and the addition 116 were returned in 2023. The demographic data were added to the initial research model to examine its effect on employee performance. Path analysis was used to test the four hypotheses which was facilitated by SmartPLS 3. After controlling the effect of working experience, the result revealed a positive and significant effect of recruitment on employee performance. Secondly, result found a significant and positive effect of selection on employee performance among staff of Federal Polytechnic Bauchi, thirdly, the study did not reveal a significant effect of absence of strike on employee performance, finally, the study revealed a significant and positive effect of low grievance on employee performance. As such, the study concludes that human resource practices, that is, recruitment, selection; industrial harmony, that is, low grievance; were very relevant in influencing employee performance in the Federal Polytechnic, Bauchi. Based on the findings, the study recommends that Federal Polytechnic Bauchi should focus on building strong recruitment, selection procedures as that would improve their employee performance. The findings from this study have yielded fruitful results that would have implications for managerial decisions in the institution.
KEYWORDS: Human Resources practice, Harmony, Employee performance.
JOB STRESS AND EMPLOYEE’S PRODUCTIVITY IN THE NIGERIAN BANKING INDUSTRY
*PATRICIA ONYEMOWO AGBO (PH.D); *JANA JOHN NENDANGTOK; **AMINU UMARU YUGUDA; ***TAIYA HAZIEL MBASITI (PH.D); & *ODUMU ATO VICTOR
*Department of Banking and Finance, University of Jos, Plateau State, Nigeria. **Office of the Accountant General, Gombe State. ***Department of Accounting, Adamawa State University Mubi, Adamawa State, Nigeria.
This study examined the effect of Job Stress on employee’s productivity in the Nigerian Banking industry especially banks witnessing an alarming increase in the negative effects of stress on employee productivity and this necessitated the need for this research work. The main objective of the study was to examine the effect of Job Stress on employees’ productivity in the Nigerian Deposit Money Banks. The survey research method, 5-point Likert scale questionnaire was used to collect data. The data were analyzed using simple percentage analysis while the hypotheses formulated were tested using regression statistical technique. The findings revealed that workload pressure, poor working conditions and long working hours have significant effect on employee productivity. It was therefore recommended amongst others that remedial measures need to be taken by management to minimize the effect of job stress on permanent basis.
Keywords: Banks, Employee productivity, Job satisfaction, Job stress, Service delivery,
EXAMININING THE FACTORS AFFECTING CROSS-SECTOR PARTNERSHIP IN SUSTAINABLE COMMUNITY DEVELOPMENT
OGBANGA, MINA MARGARET (PhD)
Department of Sociology, Faculty of Social Sciences, Rivers State University of Science & Technology. Rivers State Nigeria.
Cross-sector partnership can only work effectively when all the parties are aware of their roles, responsibilities and terms of agreement. This implies that roles and their responsibilities must be clearly defined and explained to avoid conflict of interest and misunderstanding that could scuttle the success of the programme. Besides the above, all the partners must know what to do at one stage or the other. This means that there must be adequate mobilization and sensitization of the people at the grassroots on developmental projects and programmes. The training should expose them or focus on their present predicament, their experiences in the past and what they wish to be in future. The present paper is on probing the factors affecting cross-sector partnership in community development.
EFFECT OF EMPLOYEE PARTICIPATION, TRAINING AND DEVELOPMENT ON ORGANIZATIONAL PERFORMANCE (A STUDY OF JABU, IKEJI-ARAKEJI, OSUN STATE)
*AREMU, FAYOKEMI EUNICE; & **OLAGOKE, DOLAPO PETER
*Department of Industrial Relation and Human Resource Management, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State. **University Library, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State.
This study examines employee participation, training and development on organizational performance (A study of JABU, Ikeji-Arakeji, Osun State). The study adopted survey research design with the population of 232 non-academics staff members of Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, the study used Taro Yamane formula to determine the sample size of 147 and random sampling technique to select from the stated population. Primary data was used to gather the information needed through questionnaire and linear regression method to test the Hypotheses at 5% level of significance. The findings of the study showed a very high intention in employee participation in decision making. The result of the study discloses that there is training and development provision for employee in the university which make employees to be committed to the university and there is regular promotion for employees who have achieved training and development in order to be more committed to the university. The study concluded that employee participation in decision making, training, and development contribute positively to organizational performance in JABU, Ikeji-Arakeji, Osun State. The study recommended that there is need to the institution to reward employees who contributed in decision making and outstanding in training and development.
Keywords: employee, participation, training and development, decision making, organizational performance
MARKETING INFORMATION SYSTEM AND MANAGERIAL DECISION MAKING IN THE NIGERIA BOTTLING COMPANY, BENIN CITY
*DR. ANTHONY EMHENYA IYOHA; & **UWADIAH JOHN OROBOH
*Department of Political Science and Public Administration, Edo State University, Uzairue. **Department of Accounting, Edo State University, Uzairue, Edo State
The research work is carried out to assess marketing system on managerial decision making. To achieve the purpose of the study, a questionnaire containing twenty questions (20) were administered to one hundred and eighty persons out of which (130) were returned filled. The findings revealed that marketing information system is the key factor in managerial decision making of organization of any kind. The data collected from respondent were analysis using the chi-square statistical methods. The findings further reviewed that the success of any organization is attributed to efficient and effective information system. The conclusion of the study revealed that marketing information system has impact on managerial decision making. It was therefore recommended that the Nigeria bottling company can improve its information if transmitted and obtained adequately, timely and accurately, it was also recommended that there was need for urgent address to poor marketing information network of coca-cola company that operate in a dynamic business environment.
Keywords: Marketing, managerial, Nigeria, bottling, decision.
AN ANALYSIS OF EFFECTS OF EXCHANGE RATE VOLATILITY ON THE ECONOMY: EVIDENCE FROM NIGERIA
FATIMA BINTA HARUNA
Department of Economics and Development Studies, Federal University Dutse.
This study investigated the effect of exchange rate fluctuations on the Nigerian economy. The time period covered was from 1996 to 2021. The study employed Unit Root Test, Multivariate Johansen Co-Integration Test, Vector Error Correction Model, complemented by Variance Decomposition, Granger Causality Test and Diagnostic Test response analyses. The coefficient of determination (R²), F-test, t-test, beta and Durbin-Watson were used in the interpretation of the results empirically, interesting results were found. The coefficient of Error Correction Term (ECT) with LOGRGDP as the dependents variables is positive and statistically insignificant indicating lack of adjustments towards long-run equilibrium in any disequilibrium situations. In the cases of LOGEXCHANGERATE and LOGINFLATION the adjustments are negatives and statistically significant indicating relatively high convergence rate for any short run dynamics towards long-run equilibrium in any disequilibrium situation. in the case of LOGIOLREVENUE and LOGMONEYSUPPLY the adjustments are negatives and statistically significant indicating that there is relatively high convergence rate for any short run dynamics towards long run equilibrium in any disequilibrium situation in view of these the paper recommended that. The government should influence the foreign exchange rate, by positive economic reforms that will reduce the adverse effect of unstable foreign exchange rate on the Nigerian economy with respect to trade flow, Policies which will aid in developing the Nigerian economy should be pursued, such policies which aims at diversification of the country’s economic base would make the Nigerian economy more independent, such that it will encourage growth of domestic industries, businesses and investment. This will lead to the appreciation of the Nigeria foreign exchange rate in comparison to other countries’ currencies.
Keyword: Effects, Exchange rate volatility, economy and Nigeria.
ENTREPRENEURIAL FINANCING AND ENTERPRISES PERFORMANCE IN NIGERIA: PROSPECTS AND CHALLENGES
OBOT, EMMANUEL NNANNA; DR. S.O.M AWONIYI; & DR. S.O ONIMOLE
Joseph Ayo Babalola University, Ikeji Arakeji, Osun State, Nigeria.
The world economy is now growing at the lowest rate since the onset of the global financial crisis in 2008-2009, and enterprises of all sizes encounter significant policy uncertainties and regulatory burdens that constrain their business activities in the markets. Despite recent improvements, MSME financing remains fragile in the medium term. The downside risks in the macro-economic outlook may reverse recent gains, and bank deleveraging will continue to impact SME lending disproportionately, especially in countries where the banking system is burdened by high levels of non-performing loans. This study therefore established a relationship between entrepreneurial financing and performance in the North Central region by examining key objectives which included the relationship between entrepreneurial financing and the performance of enterprises in North Central Nigeria, factors militating against entrepreneurial financing on the performance of enterprises in North Central and the prospects of entrepreneurial financing on the performance of enterprises in North Central Nigeria. The study adopted non-probability sampling technique that established a strong relationship between the dependent variables of financing SMEs as critical to their performance. The major recommendation from the study was that funding plans for schemes of major financial institutions should consider prioritizing SMEs’ funding in the country because finance plays a key role in their survivability the same as the macro economy’s performance reflects the micro economic sector of which the SMEs play vital roles, the performance has a net impact on the nation’s GDP and, by implication general development.
Keywords: Entrepreneurial Finance, Performance, MSMEs, Prospects, Challenges.
STAFF PERCEPTION OF THE IMPACT OF STUDENTS UNREST ON THE MANAGEMENT OF COLLEGES OF EDUCATION IN CROSS RIVER STATE, NIGERIA
*IYALA, FELIX EMEKA (Ph.D.); **OGBO, ADAMU OMAKU (Ph.D.); & **USMAN PHOEBE AYUBA A.
*Department of Educational Foundations, Faculty of Education, Veritas University, Abuja. **Department of Educational Management, Faculty of Education, Nasarawa State University, Keffi
The study investigated staff perception of students unrest and its impact on the management of Colleges of Education in Cross River State, Nigeria. The research design used for this study was the descriptive survey research design. The total population of the study consisted of 6700 staff obtained from all the four Colleges of Education in Cross River State. The sample size of the study consisted of364 respondents. The instrument used for data collection produced the reliability index of 0.75. The research question was answered using the descriptive statistics of mean and standard deviation while the t-test statistic was employed to test the null hypothesis at 0.05 level of confidence. The findings of the study indicated that there is poor staff perception of the impact of students unrest on the management of Colleges of Education in Cross River State, Nigeriat and the impact of staff perception of students unrest on the management of Colleges of Education in Cross River State, Nigeria is highly significant. The study recommended that to minimise rampant students’ unrest, the Provosts and the management team of Colleges of Education should endeavour to consult the students properly before making certain key decisions that affect them.
Keywords: Staff Perception, Students Unrest, Management and Conflict
STOCK MARKET DEVELOPMENT INDICATORS AND ECONOMIC GROWTH IN WEST AFRICA (A STUDY OF NIGERIA AND GHANA)
DR STEPHEN UGHULU; & OSIMEN, MONDAY DANIEL
Department of Banking and Finance, Mallam Sanusi Lamido Sanusi College of Business and Management Studies, Igbinedion University, Okada, Edo State of Nigeria
In this study, we examined stock market indicators and economic growth in West Africa with Nigeria and Ghana in focus. The key parameters considered and analyzed were economic growth (GDP), Market capitalization (MCAP), All share index (ASI), Total value of Transactions (TVT), Inflation (INFL) and Total Number of Deals (TND). GDP represented the dependent variable while MCAP, ASI, TVT, INFL and TND constituted the independent variables. Data used in the study covered the period 1989 to 2021 and a panel framework was devised for the analysis in the study. Given the nature and transitions of relationships in the study, both a single equation and system of equations frameworks were employed for the empirical analysis of the study. In the single equation framework, the panel form of the autoregressive distributed lags (i.e., the Pooled Mean Group – PMG) estimation technique was adopted and a dynamic framework was devised for the study. The system of equations estimation involved the application of the panel Vector Error Correction Mechanism (PVECM) technique in order to observe the pattern of dynamic interactions among the variables. Based on the empirical investigation in the study, it was found that the stock market actually matters for economic growth, especially in the long run for the West African countries. The major findings of the study showed that market capitalization (MCAP) did not have a significant long run impact on economic growth in West Africa. Although, a short-term impact was observed, the study found that the long run impacts were weak. All-shares index (ASI) had a significant and positive impact on economic growth in West Africa. Although the short run impacts were found to be weak, it was shown that all share index boosted growth directly and through improving the investment rate in Nigeria. Total value of transaction traded in the stock markets (TVT) did not significantly improve economic growth directly, but the impact is indirect through the investment rate in the long run in West Africa. Total number of deals (TND) in the stock market for West African countries had a significant and positive impact on economic growth both in the short run and in the long run. Inflation rate (INFL) had a significant long run negative impact on economic growth, through the channel of investment in West Africa. More so, the responses of economic growth to the stock market indicators were not similar over time. The inter-temporal responses of economic growth to all-share index and total value of transactions were positive, while the responses to others were weak and negative. Therefore the need for policy directions on economic growth in the sub-region to consider the role of the stock market as a critical aspect, especially in the long run was recommended as the continued focus on foreign direct investments may only provide short term reprieve for the sector, but long-term growth of the economies in the sub-region relates more to the influence of the stock market.
Keywords: Economic Growth, Market Capitalization, All share Index, Total value of Transactions, Inflation rate and Total Number of Deals, Vector Error Correction Model.
EFFECT OF TALENT ACQUISITION STRATEGIES ON ORGANIZATIONAL EFFECTIVENESS AMONG COMMERCIAL BANKS
ACHIOLE EMANUEL AYOZIE
Department of Business Administration, College of Management Sciences, Michael Okpara University of Agriculture Umudike, Abia State
This study investigated the effect of talent attraction strategies on organizational effectiveness using UBA Plc. and Fidelity bank Plc. as case studies. The specific objectives are to: assess the effect employer reputation management on UBA Plc. and Fidelity Bank Plc. performance, examine effect of employer talent branding on UBA Plc. and Fidelity Bank Plc. productivity, and investigate effect of Work force Planning on UBA Plc. and Fidelity Bank Plc. efficiency. In order to achieve the stated objectives, the descriptive research design was used. A sample size of 161 was drawn from a population of 202 using the Taro Yamane Statistical formula. In analyzing the data, both correlation and regression analysis was carried via SPSS. The findings from the study revealed that employer reputation management has positive and significant effect on performance, employer talent brand has positive and significant effect on productivity, and that workforce planning has positive and significant relationship with efficiency. The study concluded that strong reputation management will result in having quality management teams that will drive the company profitability through innovation and value creation. The study recommended among others that banks’ reputation should be a continuous process and should be improved from time to time so as to reflect the current dynamism of today’s business environment.
Keywords: Talent attraction, reputation management, employer brand, workforce planning, performance, productivity, efficiency
CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
RASHIDA DAKYES USMAN; & SHAMSUDDEEN LADAN SHAGARI
Department of Accounting, Bauchi State University, Gadau
The study examines the influence of some selected corporate governance mechanisms on the financial performance (ROA) of selected listed deposit money banks (DMBs) in Nigeria. For the purpose of this study, data were collected from annual financial reports of the selected financial institutions from 2015 – 2019 by using a simple random sampling technique. The data were analysed using multiple regression analysis using MS-EXCEL 13. The study found a significant positive relationship between Audit Committee Size (AUDCS) and financial performance (ROA) and a significant positive relationship between Board Size (BS) and ROA. However, a significant negative relationship between Board Composition (BC) and financial performance (ROA) was found. The study, therefore, recommends that steps should be taken for mandatory compliance with the code of corporate governance while an effective legal framework should be developed and provided for effective enforcement of the law.
Keywords: Board Size; Board Composition; Audit Committee Size; Financial Performance
SOURCES OF MANAGEMENT STRESS IN NIGERIA ORGANIZATION (A STUDY OF UNIVERSITY OF BENIN, BENIN CITY, EDO STATE)
*UWADIAH JOHN OROBOH; & **DR. ANTHONY EMHENYA IYOHA
*Department of Accounting, Edo State University, Uzairue, Edo State. **Department of Political Science and Public Administration, Edo State University, Uzairue
The study investigated and appraised causes of management stress in Nigeria Organization, using university of Benin as a case study. It identified certain factors which causes management stress. The purposive sampling technique was used to select 100 respondents from University of Benin who were administered carefully designed questionnaires to generate data for the study. Simple percentage was used to analyses the data collected. The results of this study revealed that workload, poor teaching facilities, pressure from students’ union, unnecessary strike due to poor remuneration and brain drain were the major causes of management stress in University of Benin. In view of the above, it was therefore recommended that regular relaxation work planning, constant payment of salaries and improving organization communication can be employed to mitigate management stress.
KEYWORDS: Management, stress, organization, Organisational Conflict, Labour Union.
INTERNAL CONTROL AND VALUE FOR MONEY AUDIT ON FINANCIAL ACCOUNTABILITY OF PUBLIC TERTIARY INSTITUTIONS IN OYO STATE NIGERIA
*AFOLABI MALIK ABDULAZEEZ; *RAMAN ADETOLA,1 PHD.; & **GODWIN EMMANUEL OYEDOKUN2, PHD.
*The Oke-ogun Polytechnic Saki, Oyo State. **Department of Accounting, Lead City University, Ibadan Oyo State Nigeria.
Financial accountability is an important tool in identifying the use of government funds for providing core services as indicated in the enabling law of tertiary institutions. However, people believe that accountability is not necessary in government owned nonprofit oriented institutions once they are fulfilling the constitutional responsibilities. This study examined the effect of internal control and value for money audit on financial accountability of public tertiary institutions in Oyo state Nigeria. Survey research design was adopted, the population comprised all six Oyo state owned tertiary institutions from which a sample of 10 respondents were selected from each school to make a sample frame of 60 respondents. 5 point liker scale questionnaire was administered on the respondents after validating the research instrument. The response was analyzed using regression at 5% level of significance. It was discovered that internal control system does not significantly affect financial accountability (Adj R2 = 12.3%, F = 0.018); value for money audit has significant effect on financial accountability (Adj R2 = 23.4%, F = 0.01); internal control system and value for money audit have significant effect on financial accountability in the Oyo state public tertiary institutions (Adj R2 = 29.1%, F = 0.01). The study concluded that value for money audit and internal control system have significant effect on financial accountability in the Oyo state owned tertiary institutions. The study recommended that adequate internal control system should be combined with value for money audit to ensure financial accountability in the Oyo state owned tertiary institutions.
Keyword: Financial Accountability, internal control system, Tertiary institutions,
RELEVANCE OF EMPLOYEE’S CREATIVITY AND SUSTAINABLE SURVIVAL STRATEGY OF SELECTED SMEs IN ONDO STATE, NIGERIA
*BABATIMILEHIN OLANIPEKUN EZEKIEL; **ADEIGBE, K.Y; & *AJIBADE BOLANLE ADERONKE
*Department of Business Administration Federal Polytechnic Offa, Kwara State**Department of Business Administration, Joseph Ayobabalola University Ikeji – Arakeji, Osun State
The Sustainable Development Goals (SDGs) are a wide range of global sustainable development targets for the environment, society and economy transformation toward wealth creation and eradication of poverty in the Africa continents. The United Nations in 2015 launched SDGs, and invited all member states to embrace with an ambitious to proffer solutions to challenges associated with poverty eradication with a view to improve standard of living of the people, also emphasized the vital role that Small and Medium Enterprise play toward alleviating poverty and unemployment syndrome in our society. The population of the study comprised three hundred and sixty four registered SMEs between 2016 to2021. Taro- Yemen’s sampling determination technique of (1967) was used to arrive at a sample size of 190. The study makes use of simple random sampling technique to select 190 registered SMEs. Sources of data for this study was primary data through the use of well-structured questionnaire, 190 copies of questionnaire were distributed to the respondents only 180 copies were validly returned and used for this study. The data gathered were presented using frequency tables. The formulated hypotheses were analyzed using ordinary least square method. The result of the OLS revealed that employee creativity had significance effect on survival strategy of SMEs (p-value of F= 0.0000 < 0.05) with positive regression coefficient of 0.28. It was recommended that mandatory continuous training should be used by the selected SMEs to improve the creativity of their employees toward achieving sustainable production and poverty eradication which are part of SDGs objectives.
Keyword: Small and Medium Enterprises, SDGs, Employee creativity, survival strategy, Ondo State.
EFFECT OF SERVICE QUALITY STRATEGY ON THE COMPETITIVE ADVANTAGE OF AUDITING FIRMS IN NIGERIA
YAKUBU YAHAYA; & UMAR AYUBA DUTSE
Department of Business Administration and Management, School of Management Sciences, Abubakar Tatari Ali Polytechnic Bauchi, Bauchi state, Nigeria
The ever changing and turbulent competitive business environment pose major challenges to large auditing firms like any other organization in Nigeria and managers have been struggling to compete favorably. Porter argues that superior performance can be achieved through pursuit of a competitive generic Strategy. The specific objective of the study was to establish the effect of service quality strategy on the competitive advantage of auditing firms in Nigeria. A review of the relevant literature was undertaken in\order to eliminate duplication of what has been done and provide a clear understanding of existing knowledge base in the problem area. The literature review was based on authoritative, recent, and original sources such as journals, books, thesis and dissertations. On the methodology the study utilized a descriptive research design to undertake the study. The target population comprised of 104 registered audit firms in Nigeria. The study adopted the stratified sampling technique. From the possible 77 target population, stratified random sampling was employed to select a total of 62 sample population. A questionnaire was used to collect primary data from the respondents. Statistical Package for Social Sciences (SPSS) was used as an aid in the analysis. Data was analyzed using descriptive statistics whereby frequencies and percentages, generated from the various data categories were computed and presented in graphs, pie charts and tables. The study found that nature of services help reduce wastage which increases competitive advantage of the organization. The study also found that the nature of the software increases service delivery which increases the competitive advantage of the firm. The study concluded that qualification of the staff members helps in creating efficiency which improves the competitive advantage. The study recommend that audit firms should adopt strategies such as diversification of service quality to include consultancy and accountancy, charging reasonable fees, expansion to new market and ethical considerations, and efficient and timely service to client.
Keywords; Service quality, competitive advantage, Leadership quality, Audit firm
THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON FIRMS’ PERFORMANCE IN THE NORTN EAST NIGERIA
NUHU OTARU ISAH
School of Business and Management Technology, Department of Accounting, The Polytechnic, Bali. Taraba state.
The study examined corporate social responsibility on firms performance of selected firms in the north east Nigeria using return on equity as measures of firm performance of selected firms north east Nigeria. The study design was ex-post-facto and survey. Pearson correlation and random effect regression analysis were the major statistical tools used for the analysis through the application of STATA version 11 package. Correlation results showed that the relationship between corporate social responsibility and return on asset was positive and significant. The study recommends among others that corporate organizations should endeavor to give more to the society in CSR and leverage it to enhance the firm performance of their businesses in the north eastern Nigeria.
INTERROGATING THE INTERFACE BETWEEN POLICY AND REALITY IN THE RELATIONSHIP BETWEEN ENTREPRENEURSHIP EDUCATION AND JOB CREATION IN NIGERIA
*AMINU BELLO DUHU; **HABU JINGI UMAR; & *OLABISI IRENE ESHO THAKMA
*Department of Business Administration Federal Polytechnic Mubi Adamawa Nigeria. **Department of office Technology Management Federal Polytechnic Mubi Adamawa Nigeria
Youth unemployment and employability depict the most devastating economic challenges in Nigeria where low entrepreneurship abilities among the youth is cited by many scholars as the rationale behind the persistency of these two squabbles. Over the years the Nigerian state has underscores the importance of policy formulation in promoting and inculcating entrepreneurship skills thereby coming up with the entrepreneurship education programme in schools and colleges. however, it is the contention of this paper that the problem is still far from being solved because there is still a wide gap between entrepreneurship education as obtained in our education curricula and the government’s effort toward promoting small and medium scale enterprises in reality. In order to justify the above position, this paper adopted a narrative-textual case study, which is a social science research method that relies on information and data from several sources for problem identification and solving. The paper argued that lack of proper intersection between the entrepreneurship education (theory) and the entrepreneurship development programmes (practical) has negatively affect the Nigeria’s effort toward combating the menace of unemployment through job creation.
Keywords: entrepreneurship education, job creation, unemployment, small and medium scale enterprises, Nigeria
MANAGING CROSS-CULTURAL CONTENTIONS IN INTERNATIONAL JOINT VENTURES (IJV)
1ADEDOKUN, AKEEM, A; 2MOHAMMED ALIYU TSAFE; 3IGOMU, PAUL P; 4HASSAN ABDULSABUR; 5ABDULLAHI A. DANLADI & 6LATIFAT YUSUF
1.2,3&6Department of Marketing The Federal Polytechnic, Kaura-Namoda, Zamfara State. 4,&5Department of Business Management. The Federal Polytechnic, Kaura-Namoda, Zamfara State,
Cultural differences now accounts for the increasing complexities and challenges of doing business across national borders. This stubdy explores the cross-cultural contentions associated with International Joint Ventures (IJVs) in the China and reports on practical solutions. It adopted the use of both primary and secondary data. The primary data made use of Cross-sectional survey design and a sample of 26 International Joint ventures (IJVs) in China. The descriptive statistics result suggest that principal Cross-cultural contentions of IJVs in China are; issues around managerial styles and Decision making strategies; Performance Management Strategies; and Cooperation and Conflict Management Strategies. The findings show that 72% of the Cross-Cultural contentions of IJVs in China can be effectively managed using Time based cultural management practices. It further adjudged IJV as an effective entry strategy into the China marketplace and recommends that the identified possible cross-management challenges be resolved through a time-based cultural management strategy which considers time as an important resource in managing cultural differences.
Keywords: Cross-Cultural, Contentions, International Joint Venture (IJV), Culture.
THE IMPACT OF ITINERANT TRADING ON POVERTY REDUCTION IN MAKURDI METROPOLIS, BENUE STATE, NIGERIA
IGOMU PAUL PIUS1; ADEDOKUN AKEEM2; TSUE PETER AMINA3; & UDENDE WINIFRED PhD4
1,2Department of Marketing, Federal Polytechnic Kaura Namoda Zamfara State, Nigeria 3,4Department of Business Administration, Joseph Saawuan Tarka University, Makurdi Benue State, Nigeria
This study examined the impact of itinerant trading on poverty reduction in Makurdi metropolis, Benue State. This study was based on Marxian theory (the theory of itinerant trading and economic dualism formulated by Karl Marx in 1963). A sample of 369 respondents was used for both primary and secondary sources. A well-structured questionnaire was used to collect the primary information. A multiple linear regression analysis was used to test the relationship between variables in the model using descriptive statistics such as frequency and simple percentages. Based on the probability value of the estimate, the hypotheses of the study were tested. According to the regression analysis, hawking and peddling reduce poverty in Benue State, Nigeria, and the relationship is statistically significant (p<0.05). Although cheap jacking and poverty reduction are positively correlated in Benue State, the relationship is not statistically significant (p>0.05). The relationship between street trading and poverty reduction in Benue State is statistically significant (p<0.05). According to a priori expectations, there is a positive association between market trading and poverty reduction in Benue State. In conclusion, itinerant trade provides employment and income for many urban dwellers, thereby reducing their poverty levels. The study recommended that government should provide accessible loans to itinerant traders and provide an enabling environment so that they can improve their businesses and reduce poverty.
KEYWORDS: Itinerant, Trading, Poverty, Reduction, Benue, Nigeria.
ENERGY RESOURCE DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA
YERIMA ISHAYA JABIL
Department of General Studies, the Federal Polytechnic Kaltungo, Gombe state, Nigeria
The general objective of this study was to examine the impact of energy resource development on economic growth in Nigeria. While the specific objectives of this study were to examine the causal relationship between energy resource development and economic growth in Nigeria, to determine the impact of energy resource development on economic growth in Nigeria and to assess the trend of energy resource development and economic growth in Nigeria. The scope of this study covers the period of energy development and gas exploration in Nigeria between 1990 and 2021. This study attempted to investigate the long-run and short-run causality relationships between energy resource development and economic growth in Nigeria by applying the Autoregressive Distributed Lagged (ARDL) bounds testing approach to co-1ntegration. The findings from this study revealed a unidirectional causal relationship between real gross domestic and energy resources development by the probability value of 0.0011 which was less than 0.05% level of significance. With available resources mostly underutilized particularly natural gas and coal, it was concluded that energy resource development policies in Nigeria had not yielded the desired and meaningful results evidenced by economic growth. This study recommended that government should set up national fund commission for energy development and utilization and ensure adequate funding which is vital for energy sector development, energy resource development should be given more relevance by exploiting the opportunities in the sector to increase economic growth among others.
Keywords: Energy, Resources Development, Economic Growth and Technology.
BUILDING WORKING RELATIONSHIPS AND PEACEFUL CO-EXISTENCE IN SELECTED COMMUNITIES: ENHANCERS AND DISRUPTERS, A CASE STUDY OF COMMUNITIES IN RIVER STATE, NIGERIA
OGBANGA, MINA MARGARET (PhD)
Department of Sociology, Faculty of Social Sciences, Rivers State University of Science & Technology. Rivers State Nigeria.
This research was designed to examine the impact of building working relationships and enhancing peaceful co-existence in selected communities in Rivers State. Three separate communities namely: Okehi in Etche Local Government Area, Soku in Akuku-Toru Local Government Area; and Afam in Oyigbo Local Government Area were selected as case studies. A total of one hundred and fifty (150) questionnaires were administered to the three (3) communities and information from the community members were used for data analysis. Simple Percentages, Analysis of Variance (ANOVA) and the mean scores were used to analyze the socio-economic characteristics of the respondents. It was evident that in comparison to what existed in the target communities earlier, the participatory and negotiation mechanisms used in cross-sector partnership indeed enabled communities to become more involved, thereby making projects activities more relevant to community development needs and the benefits more sustainable. A workable sustainability plan should be put in place to ensure the continuity and successful implementation of community development program.
IMPACT OF DEFENCE EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA
1NWOYE, CHIBUIKE ONYEKACHI, 2ALEXANDER, ABRAHAM ANFOFUM, 3SAHEED, ZAKAREE S AND 4BERNARD, OJONUGWA ANTHONY
1Department of Procurement and Supply Chain Management, Air Force Institute of Technology, Kaduna State. 2,3Department of Economics, Nigerian Defence Academy, Kaduna State. 4Department of Economics, Air Force Institute of Technology, Kaduna State.
This study examined the impact of defence expenditure on economic growth in Nigeria using annual time series data to cover the period of 1981 – 2021. Autoregressive Distributed Lag Model estimation technique was adopted for the purpose of estimation in this study. The Autoregressive Distributed Lag Model result revealed that both Government Capital Defence Expenditure and Government Recurrent Defence Expenditure have a negative and significant impact on Real Gross Domestic Product in Nigeria. Consequently, the study concluded that Defence Expenditure has a negative and significant impact on economic growth in Nigeria. The negative and significant impact of Defence Expenditure on Economic Growth in Nigeria was attributed to mismanagement of funds allocated to the defence sector as well as the inability of the Nigerian government to acquire the required and sufficient military hardware to adequately equip the Armed Forces of Nigeria to enable them effectively combat the insecurity in the country. The study therefore recommended that the federal government should adopt products exchange transaction system in the procurement of military hardware, by paying for military hardware procured with the equivalent value in crude oil. Also, the federal government should ensure the products exchange transaction system is properly scrutinized through effective monitoring, control and auditing to prevent the diversion of the crude oil meant for payment of the military hardware procured. By so doing, defence expenditure would be effectively utilized, which would translate to improved security situation, stable business environment, enhanced investors’ confidence, increased productivity and sustainable economic growth in Nigeria in the long-run.
Keywords: Security, Defence, Recurrent and Capital Defence Expenditure, Economic Growth.