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PUBLIC SECTOR EXPENDITURE AND NATIONAL INCOME IN NIGERIA
Get PDFThe interest of this research was to examine the influence of public sector expenditure on national income in Nigeria during the period 2012-2022. Three research purposes, research questions and null hypotheses were formed to guide this research. Public sector expenditure was used as the predictor variable. Developmental, productive and plan expenditures were employed as the dimensions of public sector expenditure,while national income was the criterion variable. Wagner theory was used as the theoretical foundation for this research.The ex-post facto design was adopted and census sampling method was used. This research covered 25 government MDAs.Data were sourced from Central Bank of Nigeria and Bureau of Statistics Bulletin. E-view 10 software was applied during data analysis. Results disclosed as followed: positive and significant relationship between developmental expenditure and national income, positive and insignificant relationship between productive expenditure and national income, positive and significant relationship between plan expenditure and national income amongst others. From the findings, the study concluded as follows: increase in developmental expenditure could lead to increase in national income, increase in productive expenditure could lead to a small increase in national income, increase in plan expenditure could lead to a small increase in national income amongst others. The study recommended that directors of MDAs should boost budget appropriation for developmental expenditure, management of MDAs should formulate due work schedule to monitor productive expenditure outlays, accountants in the public sector should embark on human resource development
Harnessing Artificial Intelligence to Support Economic Growth in Northern Nigeria amidst Security Challenges
Get PDFSecurity is an important instrument for economic growth and sustainability of any nation. Similarly, the use of Artificial Intelligence (AI) in the context of economic growth of any country is a critical component of modern time. The paper digs into the numerous uses of AI and its transformational impact on several sectors in the northern part of Nigeria. The paper investigate how AI might work as a driver for long-term economic growth by tackling the existing security challenges especially in Northern part of the country. This paper delves into identifying the potentials of AI in rejuvenating several businesses, while also addressing security issues. The study examine how AI applications may drive economic growth and suggest novel solutions to the security challenges inhibiting progress in Northern Nigeria.It is recommended that, Northern Nigeria should prioritize investment in AI infrastructure and technology development to improve data analytics, machine learning, and AI application
Influence of Employee Involvement Practices on Employee Performance in Public Universities in Kenya
Get PDFThe study examined the influence of employee involvement practices on employee performance in public universities in Kenya. The specific objective was to find out how employee involvement constructs (employee voice, information sharing, incentives, and delegation) influence employee performance in public universities. Descriptive survey design was used, guided by Social Exchange Theory (SET), and a positivism philosophy. The target population of the study comprised all employees in 30 accredited public universities in Kenya with a total population of 35,502 employees. A sample size of 385 employees was obtained using the statistical formula of Fisher for calculating sample size and respondents chosen using stratified random sampling technique. The data collected was analyzed using both descriptive and inferential statistic. Descriptive statistics was done by computing the percentages, mean and standard deviation which assisted with the generalization of results. Inferential statistic involved hypotheses testing and testing of relationships between variables using correlations. The study found that there was a significant positive correlation between employee involvement and employee performance with a strong regression coefficient of (β = .809, p ˂ .000). Employee involvement constructs accounted for 65.5% variation in employee performance. This means that when employee involvement practices are well managed, employee performance is likely to increase. The study concludes that employee involvement significantly influence employee performance and recommends the adoption of employee involvement programs by public universities to enhance performance, growth and competitiveness in both regional and global markets. By implementing these recommendations, public universities can foster a more engaging and productivity work environment, leading to enhanced employee performance and overall institutional success
ENTREPRENEUIRAL PRACTICES AND ECONOMIC EMPOWERMENT OF TOURISM CRAFT-MAKERS IN DELTA STATE, NIGERIA
Get PDFEntrepreneurial behaviors, specifically competitive aggressiveness and pro-activeness were envisioned to relate with job creation and revenue generation in the tourism Small and Medium Enterprises (SMEs) of Delta State Nigeria. Utilizing the survey design, data was gathered from 209 entrepreneurs through a structured questionnaire. Statistical analysis revealed significant positive correlations between competitive aggressiveness and both job creation and revenue generation, as well as between pro-activeness and these outcomes. Specifically, competitive aggressiveness was found to influence 61% of job creation and 69% of revenue generation, while pro-activeness impacted 55% of job creation and 68% of revenue generation. These findings emphasize the importance of fostering these entrepreneurial behaviors within the tourism industry to drive growth and prosperity. For policymakers, the study suggests incentivizing innovative initiatives, facilitating access to finance, and promoting collaboration among industry stakeholders so as to enhance competitiveness. Investments in education and training programs tailored to entrepreneurial skills development could further enhance job creation and revenue generation. Tourism practitioners can leverage on these insights to inform strategic decision-making, embracing competitive aggressiveness and pro-activeness to identify growth opportunities, invest in product development, and enhance service delivery. Cultivating a culture of continuous learning and adaptation can bolster organizational agility and resilience, contributing to long-term sustainability and profitability in the tourism ecosystem
An Assessment of the Contribution of Shipping to the Development of Nigeria’s Blue Economy
Get PDFThe concept of the blue economy has emerged as a crucial area of focus for coastal nations, promising sustainable development through the utilization of ocean resources. Nigeria, with its extensive coastline and strategic geographical location, stands to benefit significantly from a well-developed blue economy. This journal explores the integral role that shipping plays in the development of Nigeria’s blue economy. It examines the historical context, current state, and potential of the shipping industry in Nigeria. Through a comprehensive assessment, this paper aims to highlight the contributions, challenges, and opportunities within Nigeria’s shipping sector, and its impact on the broader blue economy
MICROCREDITS AND ECONOMIC GROWTH INNIGERIA: THE STEPWISE REGRESSION ANALYSIS APPROACH
Get PDFThe present study examined the relationship between microcredit allocation and economic growth using the stepwise regression technique. The stepwise regression is used to rank the effects of sectoral microcredits and identify which variables contribute most significantly to explaining variations in gross domestic product (GDP).The study used time-series data, sourced from Central Bank of Nigeria reports from 1992 to 2022. Five sectors were considered for this study namely microcredits allocations to Agriculture/Forestry, Manufacturing/Food processing, Mining/Quarry, Real Estate/Construction, and Transport/Commerce. Five models 1-5 were developed using predictor variables, the result showed that model 5, a comprehensive model incorporating Microcredit in Agriculture and Forestry Sector (MCAS), Microcredit in Manufacturing and Food Processing Sector (MCMS), Microcredit in Mining and Quarrying Sector(MCMQ),Microcredit in Transport and Commerce Sector(MCTC), and Microcredit in Real Estate and Construction Sector(MCREC), explained a substantial 91.8% of the variations in gross domestic product (GDP). Therefore the study concludes that microcredit allocation to the five sectors had significant effect on economic growth in Nigeria
Liquidity Management and Financial Performance: Evidence from Selected Listed Manufacturing Companies in Nigeria
Get PDFThis study examined the impact of liquidity management on the financial performance of listed manufacturing companies in Nigeria. Employing an ex-post-facto research design, secondary data was utilized to explore the relationship between the variables. The study focused on a population comprising all manufacturing companies listed on the NGX, with a sample of ten (10) companies selected for analysis. Data were extracted from their annual financial reports spanning a ten-year period (2014–2023) and analyzed using multiple regression techniques. The findings revealed that the current ratio negatively and insignificantly affects the financial performance of the selected manufacturing companies, while the cash conversion cycle has a positive but insignificant effect. The study also found that the quick/acid test ratio significantly influences the financial performance of the selected manufacturing companies in Nigeria. Consequently, it recommended that manufacturing firms adopt credit policies aimed at minimizing unnecessary inventory accumulation and implement inventory management strategies that reduce stock investments while enhancing profitability. Additionally, it was advised that manufacturing companies should efficiently manage their cash conversion cycle to optimize returns on investment and amplify its limited positive impact on their performance
The economic implications of outmigration to micro, small, and medium enterprises in Naga City
Get PDFThis research examined the economic implications of outmigration on micro, small, and medium enterprises (MSMEs) in Naga City, an issue that significantly affected local economies. It identified the challenges faced by MSMEs in the aspect of workforce, consumer demand, and supply chains linked to outmigration. The study then evaluated how these challenges influenced key financial metrics, including sales generation, expense control, and profitability. Through data collected from surveys and interviews with 60 MSME owners and managers across three barangays, this research offered insights into the operational and financial strain caused by outmigration. A mixed-method approach, with a descriptive correlational design, was applied to analyze the relationships between these challenges and MSME financial performance. Findings revealed that outmigration diminished labor availability, lowered demand for local products, and disrupted supply chains, thereby affecting profitability and competitiveness. In response, the proposed ABANTE Program, aimed at promoting digital adaptation, workforce upskilling, and e-commerce expansion, was recommended to enhance MSME resilience. By addressing outmigration’s economic implications, the study contributed new knowledge on outmigration’s impact on MSMEs and suggested actionable support for sustainable development
ANALYSIS OF RAINWATER MANAGEMENT ANALYSIS OF RAINWATER MANAGEMENT ON THE BUILDING SITE AND CONSTRUCTION IN THE CITY OF SAMARINDA
No full textRain is water vapor that is condensed and falls from the atmosphere to the earth in all its forms in the hydrological cycle. Rainwater must be managed properly, if it is not managed it will cause various problems, such as flooding, soil erosion, and water pollution as well as negative impacts on people's health and welfare. Along with the influx of development investors into the city of Samarinda, the city's development continues to increase and makes this city continue to grow. However, during this growth and development, Samarinda City cannot be separated from the problem of flooding. Floods not only submerge housing and settlements, they can also damage community socio-economic service facilities and public infrastructure and can even claim lives, losses will be greater if economic and government activities are disrupted or even stopped. This research aims to analyze the management of rainwater in buildings and plots to reduce flooding in the city of Samarinda using the 95th percentile method by the mandate of Government Regulation Number 16 of 2021 Article 38 which states that every building, by its function and classification, must be equipped with a management system. Rainwater. The research was conducted in Samarinda using analysis and calculation methods. The research stages are divided into 3 stages, namely literature study, data collection, and data processing stage. The research results show that (1) by managing rainwater in buildings and plots through rainwater utilization and soil infiltration, rainwater runoff will be reduced; and (2)from the rainwater management calculation process using the 95th percentile method, the City of Samarinda is required to manage 21,185,343.9 m³ of rainwater. Rainwater management carried out by the Samarinda City Government can take the form of creating retention ponds (folders) in several areas, especially those where inundation or flooding frequently occurs, and in each building or area according to its function and classification, a retention or ground pond is provided
The effect of human activities on the deterioration of the Artemisia herba alba plant in the Sultan area, northern eastern part of Libya
Get PDFThe study was conducted in the Sultan area on the coastal strip of the Saluq plain, which is one of the most important grazing areas in the northeastern part of Libya. The area has a long history of overuse, as this area is characterized by intense human pressure on rainfed agriculture, grazing and urban expansion. The study aimed to assess the current status of wormwood and the impact of grazing animals on it. The study area is located between the green belt and the city of Ajdabiya, where human activities are active. According to statistics obtained from the Agriculture and Livestock Sector in Sultan Municipality, the number of sheep and goats reached 224,675 heads, the number of camels 1,508 heads, the number of horses 94 heads, and the number of cows 60 heads (Agriculture and Livestock Sector, Zueitina Sultan). This area has been greatly affected by various human activities, such as intensive plowing, overgrazing, intensive agricultural operations, and others to remove the vegetation cover, for the prposeof planting and exploiting it for various purposes, and many land trampling operations. Which affects the plant environment in the region (Al-Amrouni 2005