EFFECT OF SKILL ACQUISITION PROGRAMMES ON ENTREPRENEURIAL DEVELOPMENT

Category : JOURNAL OF ENGINEERING AND APPLIED SCIENTIFIC RESEARCH volume 13, number 2, 2021

AdesolaOluremi Babalola-Emmanuel1&OdebiyiItunu Iyabo2

1Department of Business Administration and Management,

Federal Polytechnic, Bida, Nigeria

E-mails: dessybjay@yahoo.com&itunuodebiyi@gmail.com

ABSTRACT     

The reason why many technicians earn fat incomes than some university graduates in advanced countries is because the technicians acquired more practical skills than the graduates who acquired theoretical knowledge while in the universities. Skills development is very crucial to Nigeria’s economic growth and development and this necessitated the establishment of the Industrial Training Fund (ITF) to develop positive mind-set among the youths towards self-employment after graduation. To this end, the major objective of this study is to examine the relationship between skill acquisition programmes undertaken by the ITF and entrepreneurial development in Nigeria. The study’s population consisted of 250 trainee entrepreneurs undergoing training at ITF training facility in Abuja. Descriptive design was adopted with administration of questionnaire to beneficiaries of ITF training programmes. Analytical tools include the use of percentages, tabular presentation and chi-square (X2) for hypothesis testing. The findings indicate that some entrepreneurs have acquired technical, marketingand managerial skills, which have impacted on increased entrepreneurship development in Nigeria. Based on the findings, the study recommends that ITF should increase its efforts in promoting entrepreneurship education by offering more skill-oriented training programmes that will benefit Nigerian economic growth and development. In conclusion, the researchers submit that adequate entrepreneurial skills are necessary for effective and efficient running of entrepreneurial business in Nigeria.

Keywords:employment generation, skill acquisition, entrepreneurship development and economic growth.

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EVALUATION OF FINANCIAL PERFORMANCE USING ALTMA Z-SCORE INDEX: EVIDENCE FROM SENIOR STAFF MULTIPURPOSE CO-OPERATIVE SOCIETY, FEDERAL POLYTECHNIC, BIDA FROM 2013-2019

Category : JOURNAL OF ENGINEERING AND APPLIED SCIENTIFIC RESEARCH volume 13, number 2, 2021

Ibrahim AbubakarMikugi&HauwaDaniyan- Bagudu

Department of Business Administration and Management, Federal Polytechnic, Bida,

Department of Banking and Finance, Federal Polytechnic, P.M.B. 55 Bida, Niger State

Email:tatafoundation@hotmail.com&hauwadaniyan77@gmail.com

ABSTRACT

Most investors, stakeholders, customers and financial institutions develop perception about a firm’s financial performance due to the insufficient analysis of the firm in terms of financial performance. Focusing on only one indicators of financial performance and ignoring others may lead information users to wrong financial decisions, whileanalysing financial performance of companies based on only asset criteria size may be misleading. The objective of this paper was to evaluate the financial performance of Senior Staff Multipurpose Society, Federal Polytechnic Bida. The methodology used was through secondary data collection. Through this method the researchers made use of the annual financial statement of Senior Staff Multipurpose Co-operative Society, Federal Polytechnic Bida from 2013-2019.  Analysis was done using Altman Z-Score index which predicts corporate financial performance, bankruptcy and distress. Findings revealed that Senior Staff Multipurpose Co-operative Society financial performance using Z-Score Index stood at 2.37, 2.19, 2.14, 2.36, 2.33, 2.34 and 2.24 for 2013, 2014, 2015, 2016, 2017, 2018 and 2019 respectively. It can be concluded based on the study that Senstaf Co-operative Society financial evaluation result compared to Z-score decision criteria is in grey zone but needs to do more by our evaluation. The Altman index decision criteria is given as Z-Score higher than 2.99 means good performance, Z-Score between 1.89-2.99 as in good condition but needs to do more & Z-Score less than 1.89 as the firm financial performance is poor. We therefore recommended that Senstaf Co-operative Society should put more effort to improve in its Sales to Total Asset Value, this would help drive more investment.

Keyword:Financial Performance, Bankruptcy, Financial Distress Co-operative Society, Altman Z-Score.

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IMPACT OF CORPORATE GOVERNANCE REGULATION IN DEVELOPING COUNTRIES STOCK EXCHANGE: A CASE STUDY OF THE NIGERIAN STOCK EXCHANGE

Category : JOURNAL OF MANAGEMENT AND CORPORATE COVERNANCE, VOLUME 13, NUMBER 2, 2021

1Tony IkechukwuNwanji, 2Wilson Ozuem3Kerry E. Howell, 4Sainey Faye, 5Adegbola OlubukolaOtekunrin, &6Damilola Felix Eluyela

1,3,5,6Department of Accounting and Finance, Landmark University, Nigeria

2University of Cumbria and University of Warwick UK

3School of Business, Teesside University, UK.

              4Department of Accounting and Finance, New University, Buckingham, UK         

Email:1nwanji.tony@lmu.edu.ng; 2wilson.ozuem@cumbria.ac.uk

3kerry.howell@northumbria.ac.uk;4sainey, faye@bucks.ac.uk,

5otekunrin.adegbola@lmu.edu.ng, 6eluyela.damilola@lmu.edu.ng

ABSTRACT

This study examined the impact of corporate governance regulations in developing countries Stock Exchange using Nigerian  Stock Exchange as a case study. The paper highlighted the fact that even though most companies prepare an excellent annual report and accounts, still, if they have a weak system of corporate governance systems in their organisation, the probability of the enterprise going under is high.  Many countries around the world have made efforts to forestall corporations operating within their economy collapsing by constituting various bodies and committees to fashion out the best corporate governance principles to adopt, which would be in tandem with their peculiar socio-economic makeup. In Nigeria, the Securities and Exchange Commission (SEC) in collaboration with the Corporate Affairs Commission was mandated to identify weaknesses in the current corporate governance practices.Finding from this study suggest that the Nigerian Stock Exchange hascarried out their regulatory functions.  While this is so, the management of the NSE must ensure that it has an arrangement for continual training of its supervisors to get them to gully knowledgeable about modern trends and new technologies to aid them efficiently discharge their duties.

Keyword: Corporate Governance, Regulation, Shareholder and Stakeholder Theories, Stock Exchange.

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AN INVESTIGATION OF THE IMPACT OF EFFECTIVE LEADERSHIP OF PROJECT MANAGEMENT TEAM ON FIRM PERFORMANCE

Category : JOURNAL OF SOCIAL SCIENCE AND PUBLIC POLICY, volume 13, number 2, 2021

1Tony Ikechukwu Nwanji, 2Wilson Ozuem 3Kerry E. Howell, 4Sainey Faye, 5Ben-Caleb Egbide, 6Adegbola Olubukola Otekunrin, 7Joseph U. Madugba, 8Damilola Felix Eluyela

1,3,5,6,7,8Department of Accounting and Finance, Landmark University, Nigeria

2University of Cumbria and University of Warwick UK

3School of Business, Teesside University, UK.

4Department of Accounting and Finance, New University, Buckingham, UK

Email: 1nwanji.tony@lmu.edu.ng; 2wilson.ozuem@cumbria.ac.uk

3kerry.howell@northumbria.ac.uk; 4sainey, faye@bucks.ac.uk,

 5ben-caleb.egbide@lmu.edu.ng, 6otekunrin.adegbola@lmu.edu.ng, 7madugba.joseph@lmu.edu.ng, 8eluyela.damilola@lmu.edu.ng

ABSTRACT:

The purpose of this study was to examine the impact of effective leadership of the project management team on firm performance. We used the Fernando Flores’ model of the participatory projected environment is excellent and ideal for the success of the project. The study employed qualitative research using a Case Studies Approach to analysed data collected through a survey questionnaire. The study showed the importance of effective leadership and the role of the Board of Directors in leading toward successful project management that meets the needs of the project stakeholders from the two project teams understudy, the banking Project Team and the Supermarket Project Team.The implication of findings from this study is that project managers need to recognise how to elicit effective performance from their project teams to achieve the goals and aims of the organisation’s projects.We found that effective leadership from senior management through transactional and transformational leadership theory will lead to effective project management.The authors also found that both the Banking team and the Supermarket team under this study performed well when management involved the team members in the management of the project instead of using command and control method of project management. This is more so from transformational leadership than the transactional leadership. The transformational leadership bring the best out of the project team members when management carries them along in the project, giving them a sense of belonging and part of the success of the project. Overall, we concluded that effective leadership of project management happened when top management and the board of directors of the banking project team and supermarket project team are fully involved through communications and openness throughout the different stages of the project from the planning, processing and operation and completion of the project which led to organisational performance within the banking and supermarket project teams. The results of this study showed that staff and members of the project teams are an essential part of the success of the project that leads to organisational performance. 

Keywords: Project Management, Transactional Leadership, Transformational Leadership Project Stakeholdership and  Board of Directors.

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INFLUENCE OF SOCIAL MEDIA ON YOUTH PARTICIPATION IN POLITICS IN NIGERIA: A CASE OF THE 2015/2019 GENERAL ELECTIONS

Category : JOURNAL OF SOCIAL SCIENCE AND PUBLIC POLICY, volume 13, number 2, 2021

Fasola, Omobolanle Seri&Oyadeyi, Adekunle Emmanuel

AjayiCrowther University, Oyo.

Email: os.fasola@acu.edu.ng&oyadeyi.adekunle@gmail.com

ABSTRACT

The 2015 and 2019 general elections in Nigeria marked a turning point in the use of social media for awareness, campaigns, discourse and even outright posting of election results. In lieu of this, this study investigated the influence of social media on youth participation in Nigerian politics and its impact on the outcome of the last two general elections in Nigeria. The survey research design was used for this study with questionnaire as data gathering instrument. The research population comprised of youth drawn from the major cities in Western Nigeria. The data collected was analyzed using simple percentage and differential statistics. It was revealed from the study’s findings that 88.8% of the respondents were aware of social networking sites (SNS). While 79.8% were using social networking sites. The study also found that majority of the respondents were actively spending most of their time in online political discussions and in real life political issues with 59.3% of them voting the 2015 and 2019 general elections. The finding therefore showed a positive relationship between social media use and real life political participation by youths.

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IMPACT OF INSURANCE PRODUCTS ON THE SUSTAINABILITY OF NIGERIA ECONOMIC

Category : JOURNAL OF MANAGEMENT AND CORPORATE COVERNANCE, VOLUME 13, NUMBER 2, 2021

Raji, Oladeinde Akeem&Adejuwon, E. O.

Department of Insurance

The Federal Polytechnic,Ilaro, Ogun State

Email: akeemraji02@yahoo.com; adejuwonolatunji95@gmail.com

ABSTRACT

The study evaluated the impact of insurance products on the sustainability of Nigeria economic growth between 1981 and 2019. The study used secondary data on gross domestic product, Fire insurance premium, accident insurance premium and motor insurance which were gathered from Central Bank of Nigeria (CBN) Statistical Bulletin and NAICOM Bulletin 2019. The study employed descriptive statistics and multiple regression technique based on the E-views version 9.0 computer software as methods of data analysis for predicting the relationship between the adopted insurance product and economic growth based on the model. The study found that fire insurance premium and motor insurance premium has a positive relationship with the gross domestic product while accident insurance premium has a negative relationship with the gross domestic product. Also, it was found that fire insurance premium, accident insurance premium and motor insurance premium has a significant effect on the gross domestic product. The study concluded based on the findings that insurance product has impact on the sustainability of Nigeria economic growth. The study therefore recommended that government to make insurance protection mandatory for individuals and businesses to ensure safety of investment and sustain the level of growth in the economy.

Keywords: Accident Insurance,Fire Insurance, Motor Insurance, Gross Domestic Product, Premium.

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EFFECT OF CAPITAL FLIGHT IN THE NIGERIAN ECONOMIC SECTOR (1981-2015)

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT , VOLUME 13, NUMBER 1, 2021

1Tony IkechukwuNwanji, 2Wilson Ozuem3Kerry E. Howell, 4Sainey Faye, 5Adegbola OlubukolaOtekunrin, &6Damilola Felix Eluyela

1,3,5,6Department of Accounting and Finance, Landmark University, Nigeria

2University of Cumbria and University of Warwick UK

3School of Business, Teesside University, UK.

4Department of Accounting and Finance, New University, Buckingham, UK

Email:1nwanji.tony@lmu.edu.ng; 2wilson.ozuem@cumbria.ac.uk

3kerry.howell@northumbria.ac.uk;4sainey, faye@bucks.ac.uk,

5otekunrin.adegbola@lmu.edu.ng, 6eluyela.damilola@lmu.edu.ng

ABSTRACT

This research paper deal with the effect of capital flight(here after referred as KF) in the Nigerian economic sector covering 35 years (1981-2015).The studyrecognized the extent to which KF affects growth in the economic sector of Nigeria. The study identifies the problems Nigeria as a country face as a result of KF and proffers feasible solution which could be adopted by policymakers in Nigeria. We used secondary data from the Central Bank of Nigeria statistical bulletin. Thestatistical bulletin covers the economic indicators including Gross Domestic Product (GDP), External Debt, Foreign Direct Investment (FDI,)KF,Current Account Balance (CAB) and Exchange Rates (EXCHRATE) which are thevariablesfor the study. We also used data from the Annual Abstract of Statistic of the National Bureau of Statistics (here after referred as NBS). We employeda Time Series Quantitative methodfor the analysis. The study found that the number of financial resources transferred out of Nigeria as the KF is significant. Therefore, the government would try as much as possible to curb KF to enable the development of the Nigerian economy. The study adds to the existing literature and empirical knowledge of the impact of KF on the Nigerian economic sector. This study shed light on the current account balance of Nigeria. This study alsofound thatNigerian import outweighs export even with the government agricultural policy. This study identified the KFas one of the significant reasons, or over-import and under-export in Nigeria.

Keywords: Capital Flight, Foreign Direct Investment, Economic Sector, Economic Growth, Financial Resources Nigerian Economic and QuantitativeMethod.

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MICROFINANCING AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES

Category : JOURNAL OF BUSINESS AND ORGANIZATIONAL DEVELOPMENT , VOLUME 13, NUMBER 1, 2021

Adesola OluremiBabalola-Emmanuel

Department of Business Administration and Management

Federal Polytechnic, Bida, Nigeria

E-mail: dessybjay@yahoo.com

ABSTRACT

The importance of small and medium enterprises (SMEs) cannot be over-emphasized. Hence, scholars agreed that SMEs are the largest employers of labour in countries around the globe but SMEs are not immune against challenges.  For instance, the conventional financial institutions have not been able to provide the much-needed financial supports to SMEs due to some constraints on the part of SMEs owners. Hence, the federal government is making efforts to support SMEs through microfinance banks. Therefore, the main objective of this study is to examine the impact of microfinancing on the performance of small and medium enterprises. The participants were drawn from some selected small and medium enterprises operating in Abuja metropolis, with a total population of 150 SMEs owner/managers. Simple random probability sampling technique was adopted. The participants returned 130 questionnaires but 110 questionnaires were valid and used for analysis. The researcher employed the statistical package for social sciences (SPSS) for data analysis. Results show a positive relationship between the activities of microfinance banks and SMEs performance in Nigeria. Similarly, result indicates that small and medium scale enterprises improve the economic development of Nigeria. Therefore, supporting agencies are advised to implement programmes that will boost the operations of small and medium enterprises (SMEs) in Abuja and other parts of Nigeria by involving microfinance banks in the promotion of small and medium enterprises. In conclusion, the more support is available to SMEs, the better the performance of SMEs would become.

Keywords: financial services, finance, entrepreneurship, microfinance, small and medium businesses

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THE EFFECTS OF COMBINED APPLICATION OF ASH+NODUMAX AND FERTIPLUS 3-2-7 FERTILIZERS ON PHYSIOLOGICAL GROWTH AND YIELD OF SOYBEANS IN LAFIA

Category : JOURNAL OF PHYSICAL SCIENCE AND INNOVATION , volume 13, number 1, 2021

Annu, U. J; Yakubu,W.L; Anda,A.D. & Moren, S.

College of Agriculture, Science and Technology,

Lafia, Nasarawa state,Nigeria.

Email: usmanannujibrin@gmail.com

ABSTRACT

An experiment was carried out at College of Agriculture, Science and Technology, Lafia, Research and Teaching farm in 2019 to ‘investigate the effects of combined treatment of ash+nodumax and Fertiplus 3-2-7 fertilizer on physiological growth and yield of Soybean. Routine analysis was carried out on the field in both cropping seasons using standard analytical procedures. The field was manually cleared and demarcated into plots measuring 2.5m x 2.5 m. Four ridges of 2.5 m long and a spacing of 0.75 m were constructed per plot with a 1m inter plot boundary. Three fertilizer sources; Nodumax+ash (combined), and Fertiplus 3-2-7 that served as treatments, were properly applied based on specifications. There were plots without fertilizer application that served as control. Treatments were replicated two times and laid out in a Randomized Complete Block Design. Soybean seeds of the variety TGX-1935-3f, TGX-1951-3f, and TGX-1904-6f were drilled into the ridges. The crop was grown to maturity within the season and harvested after twelve weeks. Data collected was subjected to the analysis of variance (ANOVA) using gens tat 12.1 edition. Significant difference among means was observed, and Fischer’s least significant difference was used to separate means. Results from this study showed that there was response to treatment application during the period of plant growth.The result showed that the highest records of all parameters were observed in combined treatment of nodumax+ash, which gave the best yield in terms of grain weight, while Fertiplus 3-2-7 treatment gave the best result in terms of vegetative growth.The result was thus concluded in this order: Combined ash+nodumax treatment >;fertiplus 3-2-7 treatment.

Keywords: Fertiplus 3-2-7, Ash, Nodumax,

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DETERMINATION OF SCHWARZSCHILD’S RADIUS OF SOME PLANETARY BODIES IN THE SOLAR SYSTEM USING NEWTONIAN MECHANICS

Category : JOURNAL OF PHYSICAL SCIENCE AND INNOVATION , volume 13, number 1, 2021

Ahmadu, Muhammad Aliyu & Jamaludeen Sambo

Department of Physic, Faculty of Science,

Gombe State University, Gombe, Nigeria

Email:hafizmohd2@yahoo.com

ABSTRACT

The need to understand black hole formation, property and absorption of other celestial bodies is an interesting issue in Astrophysics and Astronomy. In this short article we avoided complex mathematical difficulty to obtain Schwarzschild’s radius of some planetary bodies, and this radius was computed using Newtonian expression for escape velocity. Results obtained shows that among the planets Jupiter requires a very large amount of gravitational pull to reduce to black hole and was found to be exactly the same with that using Schwarzschild’s metric.

Keywords and phrases: Black hole, Schwarzschild’s radius, Newtonian expression, escape velocity   

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