PUBLIC PRIVATE PARTNERSHIP AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA

Umeora Chinweobo Emmanuel

Department of Banking and Finance

Anambra State University, Igbariam Campus

Email: ceumeora@yahoo.com

ABSTRACT

Public private partnership as a development model and strategy started in Europe as a way of tackling infrastructure deficiencies and reduction of public borrowing. It involves a contract between a public sector Authority and a private party in which the private party provides a public service or product and assumes substantial financial, technical and operational risks in the projects. The drive to public private partnership in developing countries follow on the heels of successes achieved in developed countries. Like in other countries, the adoption is to bridge the finance gap in the provision of infrastructure and reduction in government finances and borrowing. It is important to note that public private partnership projects are bankable and economically viable projects while the governments should continue to provide social welfare services outside PPP considerations.  Most states have established PPP Units to coordinate the scheme. The Federal Governments on its part established Infrastructure Concession Regulatory Commission (ICRC) to oversee projects under public private partnerships. So far many projects concessioned have been beset by myriads of problems which prevented some of them from taking off. There are however, some success stories. It is hoped that in due course public private partnership will assume the level of success achieved in developed countries. It will then hopefully help to ameliorate the dismal state of the nation’s infrastructure.

THE EFFECT OF HUMAN RESOURCE MANAGEMENT ON PRODUCTIVITY OF WORKERS IN NIGERIA

¹Sheriff Bukar, Ali Baba Shehu , and ² Aliyu Idris

¹Department of Liberal Studies

 Ramat Polytechnic, Maiduguri

²Department of Social Services

ABSTRACT

The paper focused on the effect of human resource management on productivity of workers in Nigeria. It examines the role of training and development on workers’ productivity in both public and private organizations in Nigeria. It also pointed out the problems of human resource management and personal manager. The paper concluded that human resource training and development is a long term and very sensitive function of an organization. Finally, the paper recommended that proper implementation of training enhances individual performance and productivity.    

EMPIRICAL STUDY ON YAM CULTIVATION AND ECONOMIC DEVELOPMENT OF TARABA STATE: CASE STUDY OF WUKARI LOCAL GOVERNMENT AREA.

Job Pristine Migap and Felix Audu

^{Department of Economics, Kwararafa University}

^{E-mail: keffi4942@yahoo.ca}

ABSTRACT

The impact of yam cultivation on the economic development of Taraba State was studied to ascertain the importance of crop production to the development of the Nigerian economy. It seeks to find out the relationship existing between the level of crop production and the economic development of Taraba State. To achieve the objective of the study, yam cultivation in Wukari Local Government area was taken for the study as a reference to crop production and economic development of the state. The primary and secondary data collected include structure interviewer questionnaires, observation and personal interview of the farmers/traders in the study area, Central bank of Nigeria (CBN) publications, internet materials and journals. The data was analyzed using simple percentage and Chi square. The result shows that, there is a positive correlation between yam cultivation and economic development of Taraba State. It therefore suggests that the government should take proactive measures to enhance crop productivity through the timely provision of agricultural inputs/equipment and the construction and maintenance of rural infrastructures.

CUSTOMER SATISFACTION AND ORGANIZATIONAL PROFITABILITY IN THE MILLENNIUM: AN OVERVIEW OF THE NIGERIAN PRIVATE SECTOR

Agburu J.I.

Department of Business Management

Benue State University, Makurdi, Nigeria

ABSTRACT

Organizational breakthroughs in the contemporary third world economies in general and in Nigeria in particular seem to be in a dire need of customer satisfaction strategies. Genuine breakthroughs in these companies cannot emanate from the blues, but must spring into being by a dint of relevant strategic formulation and implementation targeted at attaining an optimal level of customer satisfaction. Unequivocally too, long term corporate profitability must consistently be driven by high customer satisfaction tempo. The main thrust of the study was to investigate the relationship between customer satisfaction and corporate profitability in the millennium with a concentration on the present-day Nigerian economy. Specifically, the study was on some selected indigenously-owned and managed companies in Benue State of Nigeria with emphasis on Makurdi metropolis. Methodologically, the simple survey design was applied. Data analysis was based on non-parametric methods. Specifically, simple percentages and Kolmogorov-Smirnov test statistic were employed. The main findings were: (1) the companies were lagging in terms of customer satisfaction epitomised in low retention levels & decreasing degree of customer loyalty (2) the companies were not making breakthroughs in profitability and (3) the corporate efforts lacked relevant strategic orientations capable of transforming these organizations. The major recommendations are that: (a) these firms strategise in relevant ways to attain high levels of customer satisfaction (b) the firms adopt integrated marketing schemes with a view to wooing and retaining customers consistently and (c) the companies popularise their products via advertisements, research and development and the like.

MICRO-CREDIT AND WELFARE OF MICRO ENTREPRENEURS IN NIGERIA: A CASE STUDY OF ALIMOSHO LOCAL GOVERNMENT AREA OF LAGOS STATE

MICRO-CREDIT AND WELFARE OF MICRO ENTREPRENEURS IN NIGERIA: A CASE STUDY OF ALIMOSHO LOCAL GOVERNMENT AREA OF LAGOS STATE

Jameelah Omolara Yaqub

Department of Economics

 Lagos State University, Ojo, Lagos, Nigeria

E-mail: jyaqub2010@yahoo.com

ABSTRACT

This paper examined the impact of micro-credit on the welfare of small scale entrepreneurs in Alimosho Local Government Area of Lagos State, Nigeria, A total of ninety-five micro entrepreneurs were used as study sample. These comprises of twenty-four tailors/fashion designers, twenty-four tricycle drivers, twenty-two pepper grinders and twenty-five pepper sellers. Data were collected through the use of questionnaire and the hypothesis was tested with the Chi-square technique. The result obtained showed that there is a significant relationship between micro-credit and the welfare of the small scale entrepreneurs in Alimosho Local Government Area of Lagos State. It is therefore suggested that the interest rate charged by microfinance banks should be made more reasonable and some grace period should be given before repayment of loan starts so that the beneficiaries could invest the loan for a longer time.

AN ECONOMETRIC ANALYSIS OF THE IMPACTS OF POWER OUTAGE ON CONSUMERS IN NIGERIA

Joseph Afolabi Ibikunle and Adebayo, Emmanuel. O.

Department of Economics, Ajayi Crowther University, Oyo

Department of Economics, Bowen University, Iwo

E-mail: toy4kuns@yahoo.com, jeedayicon@yahoo.co.uk

ABSTRACT

The World Bank is committed to achieving the Millennium Development Goals of halving global poverty by 2015 and a stable power supply as well. As the international community measures its progress toward that goal, it must have solid and credible statistics that show where we are advancing and where we are falling behind. This study is carried out to critically analyze the economic consequences of power outage on consumers (Household, commercial and industrial consumers) in Nigeria. The Vector Autoregressive (VAR) techniques is employed in carrying out the study. It was discovered that there are significant negative consequences of power outages on the consumers’ income, industrial output and commercial activities in Nigeria both in the short and the long run. The current power sector reforms were investigated and the study recommends that this should be done with much seriousness and transparent honesty. The current move to privatization of the sector, which is beclouded by emotion, myopic consideration and self-interest, is not acceptable. And as such, strong position should be taken by agitators on the need to deal with the issue seriously in order for the economy to be able to achieve the desired goal of uninterrupted power supply before 2015.