Gusau International Journal of Management and Social Sciences
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Fringe Benefits and Employees’ Performance in the Bank of Industry Limited, Lagos
Get PDFJob performance in the banking sector is mostly determined on the level of motivation and job satisfaction that the employees enjoy in the industry. Available evidence in the literature suggests that employees in the Bank of Industry like their counterparts in Money deposit banks are dissatisfied largely because of the inadequate motivation by the management of the organization. This no doubt has negatively impacted on the level of their performance. Arising from the above assertion, the study investigates the relationship between fringe benefits and Employees’ performance in Bank of Industry Nigeria Limited (BOI) in Lagos state. Data were collected through a questionnaire instrument found to be reliable. The sample for the study consists of 120 respondents which were Employees of the organization. The data collected from the field were grouped according to responses and presented in tables using frequencies and percentages. The four hypotheses formulated were tested using Pearson’s Correlation analysis with the aids of the Statistical Package for Social Science (SPSS). The results of the analysis show that there is a positive and significant relationship between fringe benefits such as the provision of health care services, over time payments, bonuses, loan and Employees’ performance in BOI. Based on the results of the study, the researcher concludes that fringe benefits positively influence Employees to perform better in the BOI. Based on the findings and the conclusions of the study, the researcher recommends that the management of BOI should constantly motivate its employees by providing them with adequate fringe benefits to ensure their loyalty and effectiveness to the organization
Impact of Institutional Quality on Economic Growth in Nigeria
Get PDFThis study examined the influence of institutional quality on the development of Nigerian economy in the 21st century using annual time series data covering 2001 to 2019. The data for the variables were checked against unit root problems using ADF unit root test and all the variables were either integrated of I(1) or I(0). Consequently, the Pesaran, Shin, and Smith (PSS) Bounds test was employed and it confirmed the existence of a long-run relationship among the variables of the study. The Auto-Regressive Distributed Lag (ARDL) model was utilized and the study found that Institutional Quality (INSQ) exerts a significant negative influence on economic growth. The error correction term was negative and statistically significant implying that the economic growth was capable of reverting to the long-run equilibrium path slowly in event of any disequilibrium. The study recommends improvement in the quality of the country's institutions by instituting a strong fight against corruption, increased accountability and freedom of expression, improved regulatory authority, and increased government effectiveness through improved leadership selection processes
An Overview of Proximity to Graveyards and Residential Property Rental Values in Bauchi State
Get PDFThe study was aimed at examining the influence of proximity to graveyard on rental values of residential properties in Bauchi metropolis with a view to enhancing the quality of urban life of tenants. To achieve this, the study identified rental values of residential properties in the study area. The study also assessed tenants’ satisfaction with the neighborhood and tenants’ willingness to stay in the neighborhood. The study used a quantitative research approach. The study collected data from 231 respondents through questionnaire administration. A simple random sampling technique was employed. The data were analyzed using frequency distribution tables, percentages, mean ranking and simple linear regression.. The study outcome indicated that tenants are satisfied with worship centers and amount paid as rent. Tenants are however dissatisfied with activities that take place around the cemeteries. The study through a simple linear regression analysis revealed that there is no strong relationship between proximity to cemetery and rental values of residential properties in the study area. By implication, proximity to cemetery is not a predictor of rental values in the study area. The study recommended constant supply of neighborhood amenities like electricity and water in the study area to improve rental values and enhance the quality of urban life of tenants
Alternative Sources of Internally Generated Revenue and its Usefulness to the Finance and Development of University of Maiduguri, Nigeria
Get PDFThe paper examines the alternative sources of revenue or resource mobilisation from internally generated revenue (IGR), statutory allocation and utilisation for sustainable development to the university management. The study employs descriptive survey design (mean and standard deviation) and Pearson Product Moment Correlation. The results revealed that business ventures owned by university management are among the main sources of revenue, the proceeds include servicing staff welfare, maintenance of university facilities and remodelling of university environment. The finding revealed that there is no significant relationship between revenue generated in university and the development. The paper therefore recommended that, government should support all universities with funding to strengthening revenue base usefulness
Business Ethics and Organizational Sustainability: A Study of Micro, Small and Medium Scale Enterprises in Asaba, Delta State
Get PDFThe study examines the relationship between business ethics and sustainability of Micro, Small and Medium Scale Enterprises in Delta State, Nigeria. The study employed cross sectional research design in examining seventy-three (73) firms. The population of the study is made up of owner-manager of SMEs (Hotels and Guesthouse) in Asaba metropolis. Census was adopted in which all the seventy copies of the questionnaire distributed to the respondents. Data were analyzed with the aid of Spearman’s Rank Correlation Coefficient to examine the relationship existing between the study variables. Findings revealed the existence of significant relationship between the dimensions of business (transparency and integrity) and the measures of organizational sustainability given as economic, social and environmental sustainability. From the results of the finding, the study concludes that business ethics undoubtedly influences organizational sustainability. Thus, it was further recommended among others that, the right strategies and policies should be put in place to align corporate goals and objectives in the dimension of business ethics to achieve organizational sustainability. Also, organizational leaders/managers should give apt orientation to organizational members to imbibe ethical practices into all organizational processes, this will positively affect firms’ sustainability
Social Characteristics and Perception of Terrorism in Borno State, Nigeria
Get PDFThis paper investigates public perception on the influence of terrorism in North East-Nigeria. Survey design was adopted with a total sample of one hundred and eighty (180) from three local government areas of Borno State (Maiduguri, Gambaru and Ngala) using convenient sampling technique. Questionnaire was developed by the researcher and pilot study was conducted to affirm validity and reliability. Four hypotheses were stated and tested with Independent t-test. The study found that males and females differ significantly in their perception on the influence of terrorism in the north-eastern Nigeria. The study further confirmed that Christians and Muslims indicated a statistically significant difference in their perception on the influence of terrorism in the North-East Nigeria.On the contrary the study does not confirmed that old and young respondents do not statistically significantly difference in their perception on the influence of terrorism in the north-east of Nigeria.Finally, a statistical significant diffenece is established on the perception of the influence of terrorism in the north-east Nigeria between people of low and high educational status. The study concludes that there is a negative perception of the public towards terrorism in the north-east Nigeria. Thus recommends that both the States and Federal governments should embark on counter-terrorism strategies that will involve increase adequate policing and timely intelligence acquisition
Domestic Competitiveness of the Nigerian Manufacturing Sector: Implications for African Free Trade Area
Get PDFThe manufacturing sector is well known to be one of the major growth engines in all economies hence the decision to evaluate the competitiveness of the sector as Africa launches the largest free trade area since the creation of the World Trade Organization.; Africa Continental Free Trade Area (AfCFTA).The aim of this paper is to determine the internal competitiveness of the manufacturing sector vis a vis other sectors in Nigeria as well as the sub-sectors driving competitiveness in the sector in order to consolidate on the strong drivers while strengthening the weaker sub-sectors to be able to benefit optimally from the gains of the AfCFTA. Employing time series data sourced from the World Development Indicators and the Central Bank of Nigeria statistical bulletins on growth of GDP per capita (proxied for competitiveness), the share of manufacturing, service and agriculture in GDP, an ARDL specification was estimated. The findings show that the manufacturing sector in Nigeria is very uncompetitive. The paper therefore recommends a thorough overhaul of the structures that drive competitiveness in the manufacturing sector
Modeling and Forecasting Inflation in Nigeria using Autoregressive Integrated Moving Average Technique
Get PDFThis paper applies the Autoregressive Integrated Moving Average (ARIMA) methodology of Box-Jenkins (1976) to model and forecast inflation rate in Nigeria, using monthly time series dataset for the period from 2009:1 to 2018:12.The dataset has been subjected to test for unit root using the Augmented Dickey- Fuller (1981), as well as the Zivot and Andrews unit root test which accounts for structural break. The data has been established to be integrated of order1, that is I(1) in both tests, with the break date identified in 2017:01, which necessitates the use of sub sample from 2009:1 to 2016:01 and the entire sample to make comparison and determine the best model that fits the data. The study finds that the ARIMA (2, 1, 13) model using the sub sample data; which considers the structural break date is the parsimonious model as it has passed all the diagnostic tests and thus utilized to predict the future values of the rate of inflation for the period from 2018:7 to 2018:12.The forecast values are not much different from the actual values of the inflation. The study thus recommends the use of ARIMA modeling in forecasting inflation rate in Nigeria, so as to aid policy makers in designing policy measures to cushion the effects of inflation on the living conditions of Nigerians
Job Design, Analysis and Employees’ Performance of Deposit Money Banks in FCT Abuja
Get PDFThe study seeks to unravel relationships between job designs, analysis and employees’ performance of deposit money banks in FCT Abuja. A survey of 97 employees was conducted and questionnaires were distributed/collated for the purpose of generating data, was analyzed using Spearman Rank Correlation Coefficient. Therein, hypotheses were tested, findings from analysis showed that job enrichment and delivery time have high positive correlation among the variables under study. The study concluded that job design/analysis has positive relationship with employees’ performance of deposit money banks in the FCT Abuja. As a result, the study opined amongst other suggestions that deposit money banks should ensure that task given to employees fits their personal characteristics and aspirations to enhance their level of performance
Correlation of Maternal Health and the Utilization of Health Facilities in Udo Community, Edo State, Nigeria
Get PDFThis study examined the nature and impact of healthcare facilities in Udo community. It specifically explores the rate of maternal mortality in the context of utilization of healthcare facilities and services in the study area. It adopted the cross-sectional survey design and research instruments were the semi-structured questionnaire and the in-depth interview guide. A total of three hundred and fifteen (315) questionnaires were administered to women who were 18 years and above. In order to have a representative sample, fifteen villages out of the twenty-six villages that make-up Udo community were randomly selected, but the stratified random sampling method was used to select the participants for the questionnaire and twenty-nine key informants for the in-depth interview who were purposively selected. Data collected were analyzed with SPSS into their constituent aggregates, tested with chi square and variables cross-tabulated. The findings show that there are a lot of impediments militating against women optimal access and utilization of the healthcare facilities in Udo community. Based on the findings, recommendations were made on the feasible ways to reduce the cost of care and improve the access and utilization of healthcare and by implication, the quality of maternal/women healthcare for the poor rural dwellers in the study area