Gusau Journal of Entrepreneurship Development
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ROLES OF STAKEHOLDERS IN ENTREPRENEURIAL CORPORATE GOVERNANCE AND ORGANIZATIONAL SUSTAINABLE PERFORMANCE: AN EXPLORATORY INSIGHT FROM FAST CREDIT
Get PDFThis study critically examines the intricate roles of stakeholders in entrepreneurial corporate governance and their influence on organizational sustainable performance within Nigeria’s evolving financial sector, using Fast Credit Limited (FCL) as a case study. Despite regulatory emphasis on sound governance for financial institutions amid digital transformation, challenges persist in effective stakeholder engagement. Employing an exploratory case study design, the research leveraged secondary data from Fast Credit’s reports, regulatory institutions (CBN, SEC), and scholarly articles. Findings revealed that Fast Credit's made significant achievements in stakeholder integration (40%) through inclusive products like "Kiddies Swag" and digital banking, and robust corporate governance structures (35%) via technologies like Temenos T24 and regulatory compliance. The study concludes that effective stakeholder engagement, is indispensable for value creation and resilience. This study recommends improvement in transparency, fostering collaborative regulatory frameworks, prioritizing ethics, and deepening social inclusion
INFLUENCE OF SKILLS ACQUISITION ON YOUTH DEVELOPMENT IN GUSAU TOWN
Get PDFThe study intents to examine the Influence of skills acquisition on youth Development in Gusau, Zamfara state. The objective of this study is to specifically examine the extent of the influence of skills acquisition on youth self-reliance and development rate in the state. Data were obtained through the use of five point Likert scale with two items structured questionnaire. Questionnaire were distributed to 60 youth’s respondents, although only 50 questionnaires were returned successful. The study also made recommendation that the establishing of skills acquisition in every nook and cranny of the state will enhanced the level of youth self-reliance and will also increase the rate of employability
CAPACITY MANAGEMENT AND SMALL AND MEDIUM ENTERPRISES (SMEs) PERFORMANCE IN EDO STATE NIGERIA
Get PDFUnderstanding the connection between capacity management and SME success in Edo State is the goal of this research. Small and Medium Businesses (SMEs) are essential to Edo State's development and expansion. Random sampling in conjunction with the survey technique was used. Regression analysis was used to analyzed the data using SPSS version 21, the Statistical Package for Social Science. The primary data was collected using a questionnaire as the main research tool. The findings showed that managerial skill and resource utilization significantly affected SME performance. In light of these findings, it is concluded that effective capacity management drives SME performance. Therefore, this study recommends, among others, that SMEs need to pay more attention to their capacity management strategies such as good managerial skills and effective resource utilization to improve their performance
FINANCIAL INCLUSION AND THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN KOGI STATE
Get PDFThe main objective of this study is examining the financial inclusion and performance of Small Scale Enterprises in Kogi state. The study investigated how Financial inclusion (regulations and policies on financial inclusion and affordability and use of financial services affected the performance of the selected SSEs in Kogi state. (cash flow management and risk mitigation) of the selected Small Scale Enterprises (SSEs) in Kogi state. The study adopted a survey research approach where primary data was collected from the respondents with the use of questionnaire administered to all the managers and owners of selected small enterprises in Kogi with a population of (667). Due to the large size of the population 667, Taro Yamane formula was used to determine the sample size (266). Out of 266 copies of questionnaires were administered, 250 (representing 94 % response rate) were retrieved and used for analysis. Multiple regression was used to test the two hypotheses in line with the objectives of the study and the results led to the rejection of the two null hypotheses showing that financial inclusion significantly effects the performance of Small Scale Enterprises in Abuja. The study concluded that there was a positive significant effect of financial inclusion (regulations and policies on financial inclusion and and affordability and use of financial services on performance of the selected SSEs in Kogi state.( cash flow management and risk mitigation) of the selected Small Scale Enterprises (SSEs) in Kogi state. The study recommends that the government should develop an acceptable, transparent workable and favourable fiscal policies such as provision of low lending rate and insured credits which ultimately will enhance the risk management of the selected Small Scale Enterprises (SSEs) in Kogi state
OUTSOURCING AND THE PERFORMANCE OF FEDERAL MEDICAL CENTRES, OWERRI AND UMUAHIA, SOUTHEAST, NIGERIA (2014-2021)
Get PDFNigeria as a signatory to the United Nation’s (UN) Millennium Development Goal on health has over the years adopted various health care reforms to achieve this goal, among which was the introduction of the National Outsourcing Policy and Regulatory Framework for Nigeria (NOPRFN) in January, 2022. Sixteen years after the NOPRFN was introduced, it became imperative to ascertain the extent of its success. Hence, the major objective of study therefore, was to examine the effect of outsourcing on the performance of the Federal Medical Centres (FMC), Owerri in Imo State and Umuahia in Abia State, Southeast, Nigeria (2014-2021). The research was guided by two hypotheses which were drawn from the statement of problem and the objective of study. The study adopted the descriptive survey research design and data were sourced from both the primary (questionnaire and the interview) and secondary sources available. Simple statistical methods such as table, frequencies and percentage were used to analyze the responses from the questionnaire and multi-paragraph summary was used for the interview while chi-square (X2) and Horizontal Analysis were used to test the hypotheses formulated. The findings indicated that outsourcing has effect on management control system in Federal Medical Centres (FMCs), Umuahia and Owerri, due to the fact that the chi-square test results from the responses of the staff in FMC Owerri and Umuahia show that the calculated figures of 4.354 and 3.192 are greater than the Chi-square table values of 0.859 and 0.526 respectively. More so, the study found out that outsourcing has improved the financial management of Federal Medical Centres (FMCs), Umuahia and Owerri, reason being that the both organisations had five years of surpluses and two years of deficits each, of their financial statements in the years under review for the study. Finally, the study recommended among other things that managements should employ, monitor and maintain an adequate management control System in order to enhance their level of effectiveness, improve their revenue and enhance the overall performance of their organization
THE MEDIATING ROLE OF RISK TOLERANCE ON THE RELATIONSHIP BETWEEN EMOTIONAL BIAS AND INVESTMENT DECISION OF PENSION FUND ADMINISTRATORS IN NIGERIA
Get PDFInvestment decision is very crucial in directly determining how an organization's resources are allocated, shaping its long-term finance, profitability and growth. As important as it is, investment decision made by managers on behalf of their organization may be susceptible to one form or more of emotional bias. This study examined influence of emotional behavioural biases on the investment decisions of Pension Fund Administrators (PFA’s) in Nigeria, which can lead to suboptimal strategies, compounded by risk tolerance. Drawing on behavioural finance theories, the study addresses how emotional biases—regret-aversion, status-quo bias, self-control bias —affect institutional decision-making within the pension fund sector. Using Survey research design, data were collected from licensed PFAs operating in Nigeria. Structural Equation Modeling (SEM) was employed to analyze the direct and mediated relationships between behavioural biases, risk tolerance, and investment outcomes. The findings reveal Regret Aversion and Status-Quo Bias are significant; while Self Control Bias is insignificant on Investment Decisions of PFA’s in Nigeria. In addition, the mediating effect of risk tolerance on Regret Aversion and Status-Quo Bias was significant, Self Control Bias was insignificant. Based on these findings, this study highlights the critical role of risk tolerance in PFA’s mitigating these effects, better adaptability to market conditions and improved decision-making, even in the presence of emotional biases. These findings offer valuable insights for policymakers, financial advisors, and institutional investors aiming to improve the efficiency and resilience of pension fund management in Nigeria
ENTREPRENEURSHIP BOTANY: A PANACEA FOR CURBING THE RATE OF UNEMPLOYMENT IN NIGERIA
Get PDFEntrepreneurship botany, an emerging interdisciplinary field that integrates botanical science with entrepreneurial innovation, offers a sustainable solution to the escalating rate of unemployment in Nigeria. With the country's vast biodiversity and rich repository of economic plants, entrepreneurial engagement in botanical resources presents untapped opportunities for value addition, enterprise development, and job creation. This paper explores how entrepreneurial botanists can leverage indigenous and high-value plants such as Moringa oleifera, Hibiscus sabdariffa, Zingiber officinale, and Azadirachta indica to stimulate employment across multiple sectors, including agriculture, processing, marketing, and export. By promoting value chains and encouraging small and medium-scale enterprises (SMEs), entrepreneurship in botany can contribute to rural industrialization, youth empowerment, and economic diversification. The study underscores the need for supportive policies, capacity building, and investment in plant-based innovation systems to unlock the full potential of this sector. It concludes that entrepreneurship botany is not only a viable tool for curbing unemployment but also a strategic pathway toward achieving inclusive and sustainable development in Nigeria
UNIVERSITY STUDENTS AND SELF-EMPLOYMENT: THE IMPLICATION FOR ACADEMIC PERFORMANCE
Get PDFSelf-employment has been an increasing commonality among students of higher institutions, with minimal signs of ever decreasing in magnitude. The aim of this study was to examine the effect of self-employment on academic performance of students in tertiary institutions, with the view to ascertain the advantages or otherwise of such for policy implementations. The Federal University of Technology, Akure was used as reference case. A survey research design was adopted for the study. The data were analysed using descriptive (tables, frequencies, percentages and arithmetic mean) and inferential (Chi-square and Correlation) statistics. The research results revealed that there is no significant relationship between the students’ nature of business and the hours they devote to their business (P>0.05, χ2=0.444) and that there is no significant relationship between nature of business and academic performance of the students (χ2=0.450, P>0.05). Furthermore, there is no significant correlation between hours devoted to business and the students’ academic performance (r= -0.694, P>0.05). As such the study concluded that the students’self-employment did not negatively affect their academics performance
ENTREPRENEURIAL ORIENTATION AND PERFORMANCE OF SMES IN BIDA NIGER STATE, NIGERIA
Get PDFThe study is on entrepreneurial orientation and performance of SMEs in Bida metropolis of Niger State. Thus, the importance of entrepreneurial orientation is that, it makes managers/owners to take advantage of their competencies in order to translate their novel idea in winning the market competitiveness for excellent performances. The objective was to examine the relationship between entrepreneurial orientation and performance SMEs and a Sample size of 59 was determine using Krejcie and Morgan (1970) statistical table and online Roasoft sample size calculator. Hence, 59 questionnaires were administered to the managers / owners of registered SMEs in Modern market Bida at convenience sampling techniques for the analysis. Regression statistical tool of SPSS Version 22 was used to test the hypotheses and the result revealed that Entrepreneurial orientation; Proactiveness, Risk taking and Innovativeness have positive significant effect on the selected SMEs performance. Hence, the study recommends that SMEs managers/owners are encourage to remain focused on being proactive in taking advantage of sale revenue and business opportunities, calculative in risk taking for higher profit maximization and innovative to enhance its market value, Reputation and customers loyalty, for better performance
ASSESSMENT OF THE IMPACT OF MICROFINANCE ON ENTERPRENEURSHIP DEVELOPMENT IN KATSINA STATE
Get PDFThis study assessed the impact of microfinance on entrepreneurship development in Katsina State, two research objectives, research question and hypotheses were formulated to guide the study. Descriptive survey was adopted in the study where questionnaire was used to obtain the needed data that assist the researchers to address the research problem, objectives, questions and hypothesis. A sample size of 261 people was chosen and determined using stratified and simple random sampling method. In The data analysis, Multiple Regression Analysis (MRA), and techniques in parametric statics (PPMC) were adopted to show impact, causal/relationship between microfinance and entrepreneurship Development. The result obtain from the finding revealed that there is significant impact of microfinance on entrepreneurship development in Katsina State and there is a significant relationship between level of access to credit facilities and business expansion in Katsina State. Based on the findings, it was recommended that In order to positively encourage the spirit of entrepreneurship among youth, government should strengthened microfinance to address the problem of financing and capital accumulation through increase in it is funding of financial institutions that provide lending to entrepreneurs; Government at all levels (federal, state, and local) should also introduce variety of intervention programs with a mandate of assisting entrepreneurs to overcome problem of capital and required finance for enterprise expansion; The monetary authority (CBN) in collaboration with some development partners should organize training for staff of micro finance institutions. And the institution on their own part should continue to train and retain their human capital, segment and build up in depth knowledge of the market, develop appropriate products and services for small enterprises