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The Main Criteria of Continuity of Business Processes in Insurance Activity
Get PDFThe primary goal of improving business processes in an insurance organization is to increase customer confidence
Prospects for the Development of the National Social Insurance System
Get PDFThis article covers the areas of development of the social insurance sector in Uzbekistan through digitalization, the prospects for using the experience of foreign countries in the introduction of digital technologies in the field
Analysis of The Influences of Leadership, Organizational Culture, Competence and Infrastructure on The Non-Formal Education Organization Performance of The Education Office of Tambrauw Regency – Southwest Papua Province
Get PDFThis research is to analyze the effect of leadership, organizational culture, competency and infrastructure on the performance of non-formal education organizations at the education office in Tambrauw Regency, Southwest Papua Province, simultaneously or partially. The method in this study is a quantitative method using 90 people as a research sample. Based on the results of the study, it shows that simultaneously the variables of leadership, organizational culture, competence, and infrastructure have a positive relationship and significantly influence the performance of non-formal education organizations in the Education Office in Tambrauw Regency. Partially the variables of leadership, organizational culture, competence
Tertiary Education Funding at a Turning Point Using Marketing as an Effective Recovery Strategy
Get PDFThe issue of tertiary education funding in Ghana and several other Sub-Saharan African countries are currently at a critical juncture. It is intriguing to consider the phenomenon of numerous students annually enrolling into diverse tertiary educational institutions and fulfilling their financial obligations. However, it is evident that these public entities persist in experiencing financial deficits in their administration of these educational institutions. Nonetheless, the matter concerning the allocation of funds for higher education is of utmost importance globally. The government is widely acknowledged to have a crucial role in the provision of financial support for tertiary education, both in developed and developing countries. It is also evident that universities and other higher institutions in Ghana acquire financial resources through the Internally Generated Fund (IGF), such as the school fees for both local fee-paying category and foreign students, Business Units such as Commercial Farms, Basic Schools, as well as local authority revenue from the numerous Metropolitan, Municipal, and District Assemblies (MMDAs) for specific university’s projects. Furthermore, the establishment of post-secondary education in Ghana has been facilitated by the active involvement of National and international institutions such as the Get-fund, Ford Foundation, the World Bank, and the Benedal Foundation. Based on the finding gathered, it was observed that the private tertiary education institutions in Ghana derived around 95% of their total revenue from tuition fees, while the remaining 5% was sourced through external channels. However, unlike their counterparts in public tertiary educational institutions with similarly large student populations, they do not experience financial shortfalls. This study investigates the origins and consequences of these losses with the aim of identifying a wise marketing approach that can be employed to recover and gain possible sustained financial independence from the public purse. The research methodology employed in this study involved the utilisation of secondary data sources to collect the necessary data for the purpose of formulating appropriate conclusions and recommendations. In sum, public tertiary institutions should, without deviating from their core mandate, identify their core strength, weaknesses, threats and take advantage of less costly opportunities prevailing at its doorsteps as a potential source of funding and also emphasis on academic quality assurance as a key branding tool in the higher education marketing mix. Hence, this article critically evaluates the current state of tertiary education funding, highlighting its importance and timeliness, and explores the potential benefits of utilising marketing as a viable tool for implementing a successful cost recovery strategy
Evaluation of the Impact of Central Bank of Nigeria’s (CBN) Monetary Policy and its Instruments on the Economy
Get PDFThis work evaluated the impact of the Central Bank of Nigeria monetary policy and its instruments on the economy for a period of 22 years spanning 2000 to 2022. With data drawn from CBN’s statistical bulletins, gross domestic product (GDP) proxied for economic growth (dependent variable), and the monetary policy variables (independent variables) are monetary policy rate (MPR), loan to deposit ratio (LTDR), liquidity ratio (LR) and cash reserve ratio (CRR). During the period under review, loan-to-deposit-ratio appeared the most monetary policy variables used to influence economic activities in Nigeria. The unit root analysis for stationarity results using the Augmented Dickey Fuller revealed that the variables were stationary or integrated at level 1(0) and first differencing 1(1), which informed the use of the ARDL technique of estimations. Results emanating from the estimation revealed the existence of long run relationship between monetary policy initiatives and economic performance in Nigeria. The error correction mechanism (ECM) term showed a 66.13% speed of convergence to equilibrium. Thence, it recommends monetary and fiscal policies unionism since each compliments the other, adoption of a forward-looking approach, data-driven decision, movement in government expenditure like financing of deficit budgets and monetization of deficits
Artificial Intelligence Technology and The Challenge of Sustainable National Development in Nigeria
Get PDFThis paper examines the obvious critical national development problems in Nigeria and strategies to be adopted to ensure livelihood sustainability in her space-economy, including its citizens that have complex, diverse cultural backgrounds. The major problems are high insecurity rate, mass poverty, unemployment, corruption and poor access to basic infrastructural facilities due to inefficient exploitation and utilization of the natural resources leading to environmental devastation and economic underdevelopment of the minority ethnic groups in the country. The problems are also traced to lack of transparency and accountability in governance, dominated by three major ethnic groups in the country leading to political instability and increasing state of insecurity occasioned by militant organizations across Nigeria. Hence, the need arises to design and adopt modern security strategies like the artificial intelligence technology that is applied in advanced countries during covid-19 pandemic than mere lockdown in Nigeria. This technology is used to combat insecurity and save people’s lives headlong to enhance socio-economic stability and sustainable national development in the country. Therefore, the paper recommends the electronic voting system, organization of national conference, adequate provision of basic amenities, cultural reform, review of all existing laws regulating oil and gas development, immediate fixing of the refineries and other income-generating facilities, economic diversification, build and strengthen institutional structures and improve capacity-building strategy using modern artificial intelligence technologies for adequate security network services in Nigeria
 
During the Audit Process, The Main Means of Composition, Structure and Methods of Technical Condition Analysis
Get PDFIn this article, the authors discussed the methods of analyzing the composition, structure and technical condition of the main tools during the audit process
Digital Currency: The Future of Money
Get PDFDigital currency is any currency that is available exclusively in electronic form. It has the potential to completely change how society thinks about money. It can reduce operating costs, increase efficiency, and enable a wide range of new applications. Digital currencies have become popular due to their convenient nature and for the fact that they allow users to transfer money quicker and in a simpler manner. However, many existing digital currencies have not yet seen widespread usage and banks generally do not accept or offer services for them. This paper provides an introduction to digital currencies
Exploring Public Private Partnership Models for Funding of Universities in Nigeria
No full textThe realization of university programme depends on adequate funding. Adequate funding is the life wire of the university system. No any meaningful development can be achieved in the universities education without adequate funds. Recently, the Nigerian universities have been experiencing problems of financial shortage. Many universities administrators in Nigeria cannot execute programme of the universities because of scarcity of funds. This paper explores various public-private partnership funding models options for the funding of universities in Nigeria. Secondary data collected from both print and online publications were used for the paper. The paper concluded that there are various Public-Private Partnership Funding Model options available for the funding of universities in Nigeria which include; Build, Operate, Transfer (BOT), Design, Build, Finance, Own (DFBO), Design, Build, Operate and Transfer (DBOT), Build, Own, Operate and Transfer (BOOT), Rehabilitate, Operate and Transfer (ROT), Joint Development Agreement (JDA), Operation and Maintenance (OM), Management/Lease Contract, Outsourcing, Leasing Contract, divestiture and concession.. The paper also established that universities in Nigeria can adopt public-private partnership funding models available to increase funds availability in the universities system, fund infrastructure facilities projects, increase research funding and increase communities services to the host communities across Nigeria. The paper recommended that the federal and state government should direct universities administrators to adopt the various Public Private Partnership (PPP) funding models available in the country to enhance implementation of teaching, research and community service programme and fund infrastructure facilities projects in the universities
OPERATIONAL AUDITING -THE EXTENSION OF THE INTERNAL AUDIT
No full textThe operational audit can be a valuable tool in the managementinformation system of an organization. Efficient management is a key toany company’s success. Checking and improving the management can beaccomplished through the operational audit. In this article, described the nature of operation audit and the process of conducting it by internal auditor. Moreover, defined the difference of financial and operational audit