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Assessment of Macroeconomic Variables that Influenced the Participation of Foreign Direct Investors in Nigeria’s Commercial Property Market from 2000-2021
No full textPurpose - This study aims to assess major macroeconomic variables that influenced the participation of foreign direct investors in Nigeria's commercial property market from 2000 to 2021. It identifies five FIGIP variables essential in determining the health of an economy that foreign direct commercial property investors could use as criteria for making their investment decisions.
Design / Methodology / Approach—Secondary data for the study were obtained from the statistical bulletins of the Central Bank of Nigeria (CBN) and the reports of the World Bank. The quantitative data were analyzed using descriptive statistical tools and multiple regression analyses. The study's hypotheses were tested using the Pearson product-moment correlation coefficient.
Findings – It was revealed that though Nigeria's GDP is presently the largest in Sub-Saharan Africa and used to be the largest in Africa for the past years, it did not result in the attraction of the highest foreign direct capital to its commercial property sector when compared with nations with lesser GDP size in the region. Furthermore, the study shows that the country's foreign exchange rate (multiple exchange rates) regime (though recently abolished but still thrives) is a significant factor mitigating the attraction of foreign direct investors into Nigeria's commercial property market.
Research Limitations—This study considered the commercial property sector; however, the impact of Nigeria's macroeconomic variables on the real estate market's residential and logistics property sectors could be considered for further study.
Theoretical / Social / Practical Implications—The national government should be aware of its responsibility to manage the economy so that the country's macroeconomic variables will boost the confidence of foreign direct commercial property investors.
Originality / Value—The Nigerian Investment Promotion Commission (NIPC) and the Central Bank of Nigeria (CBN) should find this study's recommendations useful in making important economic decisions
Gender and Access to Land: An Investigation of Discriminatory Practices in Delta State of Nigeria
No full textThe scourge of gender discrimination with respect to land accessibility in developing countries has been very disturbing. It is far from being eliminated and has the potential of widening the socioeconomic gap between men and women, with women slipping further down the poverty valley. This study reports an empirical investigation of gender-based discriminatory practices affecting access to land and their consequences in Nigeria's south-south state of Delta. Apart from establishing the extent and prevalence of such practices in the area, the study also evaluated mitigating strategies and assessed their workability in Nigeria. Using a structured questionnaire administered on 323 respondents who were selected through cluster sampling techniques, the researchers found that customary laws, high levels of financial incapability and ineffective land laws were the most significant factors affecting women's access to land in the area. The worst affected groups were widows and divorced women. The study therefore recommends that policymakers should demonstrate strong political will and promote affirmative action by enacting appropriate and effective legislations. Where the need arises, they should also review existing laws and policies to align with the Sustainable Development Goals (SDGs). The study concludes that implementation of laws that deal with gender inequality and women's access to land cannot be effective if there are no strong institutions
Towards Sustainable Access to Infrastructures in Ijoko, Ogun State, Nigeria
No full textTransportation entails the movement of persons and goods from one place to the other. The available transportation systems as well as their efficiency and operations are major factors contributing to the achievement of economic growth as well as access to industries and infrastructures and sustainable living conditions in a particular area. The main objective of this study was to examine the convenience, pattern and efficiency of the mobility of residents of Ijoko area of Ogun State, Nigeria. With the aid of a structured questionnaire, the available transport variables were investigated to obtain people's movement trends in the study area. The survey material (questionnaire) was distributed to two hundred and forty (240) households and recovered from two hundred and twenty-seven (227) of them. The distribution of the survey material was based on stratified random sampling, as the target group was identified, divided into smaller units and presented with copies of the questionnaire. The results obtained from the study were analysed and discussed. The study revealed that although the residents of Ijoko were facing great difficulties in accessing their households, offices or businesses, and the roads were hardly motorable, residents were unwilling to leave the area because many of them were house owners (landlords). They preferred to stay at their houses than to experience delay, congestion, unpleasant or uncomfortable rides in the course of their movements in and out of Ijoko. Furthermore, Ijoko residents preferred to limit their movements to only important and compulsory places such as work, hospital, school, market and weekly religious activities. Consequently, sustainable access to infrastructures is a prerequisite to economic growth and sustainable living and can only be achieved in the Ijoko area of Ogun State via the reconstruction of Ijoko roads and provision of road furniture such as drainages, walkways, shoulders, kerbs, as well as traffic markings, signs and streetlights
Compliance to Health and Safety Measures in Selected Construction Firms in Lagos, Nigeria
No full textNon-compliance to safety measures remains one of the factors that endanger construction sites. As one of its contributions to work on enhancing the safety and health of workers and improving project quality delivery, this study examined the level of compliance to health and safety among construction firms in Lagos State, from the perspective of workers. The study adopted a survey research design. The sample size for the study was one hundred and twenty (120) skilled artisans who were randomly selected from among foreign and indigenous construction firms in the state. The research instrument was a questionnaire that collected relevant data, with descriptive and inferential statistics being used for the data analysis. It was found that only 22% of the firms made provision for PPE, in the light of legislative requirements on standards. Moreover, out of three workers, one was afraid to report incidents/accidents while the fraction of workers that wished to report were unaware of the officials to report such matters to. Consequently, a similar percentage of workers was worried that there would be a penalty for reporting safety issues. Regarding contractors' safety policy review, while one out of every three contractors bore their responsibilities under the safety policy, one out of every four contractors was requested to make some amendments. It was thus concluded that workers are not encouraged to report any incident or accident confirming a low level of compliance between the two firms. It is therefore suggested that there should be strict enforcement of measures for improving safety and health practices on construction sites, in addition to motivating workers on incident/accident reporting and specifying the right line of safety actions. Furthermore, risk assessment for work operations should be enhanced to minimise the percentage of work that is halted or executed unsafely
Strengthening Community Asset Resilience: Evidence from Gidan Kwano, Minna Nigeria
No full textIn sub-Saharan Africa, urbanisation has been inevitable and dynamic in addition to coming with numerous challenges relating to land use development and management. One way to tackle the issues is through community support resilience structures in terms of community asset development and management; however, this solution remains poorly understood. Therefore, with a view to providing information that can help in strengthening community land use development and management, this study assessed community asset resilience in Gidan Kwano within Minna metropolis, Niger State, Nigeria. The study employed a mixed-method research approach wherein data was collected with the aid of a questionnaire and Key Informant Interviews in Gidan Kwano (GK) community. The Modified Sustainable Livelihood Framework (SLF) was adopted to test the community asset vulnerability context. It was discovered that the stresses and shocks of urbanisation trends in GK community have been rising, with considerable impact on the community asset. Therefore, the study highlights the need for a far-reaching intervention that will strengthen community asset resilience, stressing the need for the provision of functional infrastructures, the need for stronger corporate social responsibility from neighbouring institutions such as the Federal University of Technology Minna and the enforcement of relevant codes to mitigate the vulnerability contexts in Gidan Kwano. This model can also be applied in communities facing similar challenges
Possibilistic Linear Programming Problem involving Multi-choice Parameters
No full textIn this study, a new solution method is proposed for the possibilistic linear programming problem. The right-hand side parameters of the constraint are considered to be multi-choice. The cost coefficient of the objective function is considered to be triangular possibility distribution. In this model, the possibility is characterized by the triangular possibility distribution whereas the multi-choice is handled by the linear combination of binary variable technique. In order to solve the proposed model, a crisp equivalent deterministic multi-objective mixed-integer linear programming problem is established. Then, solve the model using the fuzzy programming approach. Finally, an example numerical model is provided to test the methodology and solutionprocedure
Combinatorial Model of 3 Dimensional Nildempotency Star-Like Classes Ncω ∗ n Partial One to One Semigroups
No full textLet Xn = {1, 2, 3, ..., n} be a distinct non-negative integer. The 3 Dimensional Nildempotency star-like classes Ncω ∗ n partial one-one was studied using the Star-like operator |αwi − αwi+1| + |α ∗wi − wi+1| ≤ |wi − wi+1| + |α ∗wi+1 − wi|. The geometric model of 3 Dimensional star-like Nildempotency transformation semigroup was also generated by using a standard rectangular A4 paper. We show that for any star-like polygon with n star-like vertices V ∗ , star-like edges E ∗ , star-like faces F ∗ and n star-like angles α ∗ in Ncω ∗ n then V ∗ − E ∗ + F ∗ = 2 . 
Numerical Solution to Singular Boundary Value Problems (SBVPS) using Modified Linear Multistep Formulas (LMF).
No full textIn this work, two block methods with characteristics of LMF are derived, analysed and numerically applied to solve second-order Singular Boundary Problems (SBVPs) of ordinary differential equations. The mathematical derivation of the proposed methods is based on the interpolation and collocation of the exact solution and its derivatives at some selected equidistant grid and off-grid points. The proposed strategy consists in a block method where the collocation at the initial point is avoided to circumvent the singularity at the starting end of the solution interval. The convergence analysis of the discrete solutions of the methods are examined. Finally, some second-order SVBPs of ordinary differential equations are numerically solved to demonstrate the efficiency and validity of the suggested technique, which is compared to various strategies available in the current literature. The result supports the good performance of the derived schemes
Financial Risks and Financial Performance of Insurance Companies in Nigeria
Get PDFThough, insurance companies serve as a tool to mitigate the effect of loss or damage to both individuals and organisations, they are also exposed to variety of financial risks which could negatively impact their financial performance. This study investigated the impact of financial risks on the Nigerian insurance companies financial performance. Using an ex-post facto research design, data for twelve years period (2012-2023) for 10 insurance companies was extracted from their audited annual reports. Descriptive and inferential analysis were performed on the extracted data using Eviews 9. The result of the fixed effect model estimation revealed that liquidity risks, credit risks and underwriting risks does not significantly affect return on assets. Thus, the study found that financial risks have no significant impact on the financial performance of insurance companies in Nigeria. It was recommended that insurance companies diversify their investment portfolio by investing their idle funds across different industries and that the National Insurance Commission (NAICOM) should ensure adherence to the provision of section 41 and 25 of the Insurance Act of 2003 which deal with the timely payment of insurance premiums to the insurer and the investing of insurance funds
FINTECH AND FINANCIAL INCLUSION: A SYSTEMATIC REVIEW OF CORPORATE PERFORMANCE IN NIGERIA.
Get PDFThis study systematically reviewed Fintech, financial inclusion and corporate performance in Nigeria. The aim was to explore the impact of Fintech and Financial inclusion on the performance of corporate organizations in Nigeria. Two hundred (200) articles were collected from 4 international journals that were scanned and ranked. These articles include The Review of Assets Pricing Studies, Annual Review of Financial Economics, Financial Management and Accounting and Business Research. The journals' volumes, issues, and articles published in 2021 and 2022 were all identified using the Scimago publication rating systems. The construction of the investigation's data-set took into account the field, SJR/QUATILE/H. Index, year of publication, volume, issue, title, abstract, keywords, and the current issue that each report covered. To facilitate the study, the gathered articles were sorted according to themes to enable simple interpretation of the findings and coding. The study made an empirical finding that, in order to secure a free and prompt movement of funds and related services from one person and institution to another, organisations, financial institutions, and technology companies must collaborate. The study concludes that the performance and growth of any corporate organization depend on the equitable distribution of finance and the role of technology as a medium for easy distribution and inclusion of individuals and organizations into the financial sector in Nigeria. Based on this conclusion, this study recommends that the central bank of Nigeria and other regulatory institutions institute policies and improve its campaign to enhance automated financial transactions, as this is a crucial influence for financial inclusion