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Board Attributes and Risk Disclosure of Quoted Industrial Goods Companies Listed in Nigerian Exchange Group
Get PDFThis study responds to recent calls for more research on this subject by empirically examining the effect of board attributes on risk disclosure of quoted industrial goods firms listed on the Nigerian Exchange Group. This study adopts an ex post facto research design. The population of the study comprised all the 13 listed industrial goods firms. Data were extracted from the published financial statements of the industrial goods companies, covering a period of ten (10) years from 2013 to 2024. Risk disclosure was measured using dichotomous scale “1” if a company discloses risk in the financial statement, “0” otherwise. The study employs logistic regression as the technique of analysis with the aid of STATAversion 16 as a tool for analysis. The results indicate that board independence, board size and board gender diversity all have significant effects on the extent of risk disclosure in industrial goods companies listed on the Nigerian Exchange Group. The study concluded that the composition is a viable corporate mechanism for improved voluntary disclosure such as risk disclosure in industrial goods companies. This study recommends that the Nigerian industrial goods sector be composed of boards with diversities such as gender, expertise, and nationality, especially the independent directors who can bring their experiences to bear in making decisions with respect to risk information disclosures. 
Digitalization of Insurance Claim Services and Efficient Customer Service Delivery in Nigeria
Get PDFClaim settlement is one of the core insurance functions. It is important for an efficient claim management system enhanced by digitalization to boost the confidence of the insured in the claim settlement process and to project a good image of the insurance industry. This study examines the digitalization of insurance claim services and its prospects for efficient customer service delivery in Nigeria. The objectives of this study are to ascertain if insurance claims services have been digitalized in the Nigerian insurance industry, to examine if digitalization promotes efficient customer service delivery in the industry, and to investigate if digitalization can result in reduced premiums for the insured. A descriptive research design was used for the study. The population consist of all insurance companies in Nigeria from which a sample is drawn using a multistage sampling technique to select 180 staff members from 6 insurance firms. Data were obtained through the instrumentation of the questionnaire forwarded to selected staff and analyzed using descriptive and inferential statistics. The test of hypotheses revealed that insurance claim services have been digitalized in the Nigerian insurance industry, also a significant positive effect of claim process automation as a parameter of digitalization of insurance claims was observed on customer satisfaction, a proxy of efficient customer service delivery. Moreover, digitalized claim services have a positive and insignificant effect on premium reduction for insureds. We conclude that the digitalization of insurance claim services can promote efficient customer service delivery in the insurance industry. It is recommended that more effort should be made to increase the digitalization of insurance claim services and regulators should ensure that the public benefits from the digitalization process through efficient service delivery and premium reductions
Digitalization, Internally Generated Revenue and Financial Performance of The Polytechnic Ibadan, Ibadan, Oyo State
Get PDFDigitalization of business transactions has emerged as a great phenomenon which has had a transforming effect on institutions across society. The digitalization was initially driven by private sector interests, but governments have showed interest by adopting technology in achieving services delivery and their operations. Technology has automatically changed the way businesses is done in The Polytechnic of Ibadan and different institutions compared to previous times. But despite the advantages there are still shortcomings like brain drain of ICT qualified human resources especially on fiscal matters. Thus, this study objective is to examine the role of digitalization in generating more revenue to bursary department of The polytechnic Ibadan and time-frame is between 2015-2024. The study was anchored on Technology Acceptance Model (TAM). The study adopted a qualitative method to elicit information. The methodology combined interviews and literature review to gather in-depth insights. The findings of the study show that digitization of revenue process is the best way to handle fiscal matters in The Polytechnic Ibadan and embracing digitalization is the most effective strategy for The Polytechnic Ibadan to attain its financial objectives. Also, it was concluded that the modes of operation of generating funds are basically online in The Polytechnic Ibadan, but the institution is still in need of improvement of the bursary department for productivity. The study, therefore, recommends that by digitizing processes and automating tasks, institutions can streamline their operations, eliminate manual errors, and save time and resources
Constitutionality of Gender Injustice at the Home Front: Domestic Economic Exploitation of Women and Girls in Africa: A Comparative study between Ghana, Nigeria and South Africa
Get PDFIn many traditional African cultures, gendered roles exist to subdue women and girls to manage the household chores. With modernisation and economic realisation, where many women have to combine work with household chores while girls have to combine school with the chores or stay out of school to fulfil their ‘domestic’ roles. The effect of the roles in the lives of women is mainly visible in terms of slow progress economically when compared with their male counterparts. Unfortunately, the domestic work being carried out by women and girls in Africa is not monetised, as compared with what obtains in India, and does not contribute to the nation’s gross domestic product (GDP). In essence, these works go unaccounted for domestically. When the work is compared to what is being done by paid domestic helps, it is apparent that a lot of economic activities are not accounted for within households. This article adopts a socio-legal method, which seeks to combine the legal and institutional frameworks with the existing available data, to investigate the constitutional protection of women and girls from domestic economic exploitation. The article relies on secondary data on the remuneration of domestic helps in select African countries and the nature of work they carry out as well as literature on uncompensated domestic chores carried out by an average woman and girl in the same country. The article concludes by recommending constitutional protection from domestic economic exploitation as a way of contributing to gender equality. 
A Critical Analysis Of The Jurisdiction Of The Legal Practitioners Disciplinary Committee To Punish Legal Practitioners In Nigeria For Misconduct
Get PDFThis paper examines the jurisdiction conferred on the Legal Practitioners Disciplinary Committee (LPDC) by the Legal Practitioners Act to punish legal practitioners in Nigeria for misconduct. Its objective is to explore the categories of persons over whom the LPDC has jurisdiction, the nature of offenses they can be charged with and tried for, and whether or not a legal practitioner can be punished for misconduct unconnected to law practice. This study reveals that legal practitioners in non-practicing roles, such as business executives, civil servants, or law professors, remain connected to the legal profession. They are therefore subject to the disciplinary authority of the LPDC. Not all misconduct by a legal practitioner, outside of practicing law, leads to disciplinary action. The paper argues that legal practitioners should be disciplined for misconduct outside the scope of legal practice only if it is dishonest or harmful to the profession, particularly when such misconduct is amplified on the internet and social media. Furthermore, even though the LPDC has limited jurisdiction to handle disciplinary matters involving legal practitioners, it extends its involvement to misconduct that is unrelated to the practice of law. Such misconduct includes the ones committed on social media. In conclusion, not all misconduct by a legal practitioner, outside the law practice, leads to disciplinary action. Nevertheless, legal practitioners will be disciplined for misconduct outside the scope of legal practice only if it is dishonest or harmful to the profession. The paper recommends that it is imperative that the NBA monitor the activities of its members, particularly on social media. They should not wait to receive formal complaints from the public before taking appropriate measures to subject legal practitioners who bring the profession to disciplinary measures by the LPDC
Effect of Exchange Rate on Economic Growth: Further Evidence from Nigeria
No full textWith increasing globalization and direct trade competition among countries, the role of exchange rate in both macroeconomic stability and the growth process has become more enhanced beyond what has been previously documented. Specifically, the real exchange rate has come to occupy the prime place among macroeconomic variables because of its influence on other variables. By directly affecting the competitiveness of domestic products, the real exchange is a key determinant of both exports and imports, while also affecting investment and capital accumulation. This influence of real exchange rate significantly dictates the trajectory of growth both in the short run and in the long run. The effect of real exchange rate on employment and inflation also transmits to affect the rapidity of growth. This paper investigates the effect of exchange rate on economic growth in Nigeria over the period of 198-2019 by providing further evidence given the mixed results that have emanated from previous studies. Using Error Correction Mechanism (ECM), the study finds that a unidirectional causality exists running from exchange rate to growth. It was also found that currency depreciation in Nigeria stimulates growth both in the short-run and in the long-run, though the relationship is statistically insignificant. Based on the findings, the study recommends policies to stabilize the exchange rate as a policy instrument for promoting economic growth in Nigeria
EXPLORING INFORMATION LITERACY TOWARDS SUSTAINABLE DEVELOPMENT GOALS IN NIGERIA
Get PDFInformation literacy is a critical skill in today\u27s knowledge-driven world, and its significance ismagnified in the context of sustainable development. This paper explores the information literacytowards Sustainable Development Goals (SDGs) in Nigeria. Information literacy empowersindividuals to access, evaluate, and utilize information effectively, which is pivotal for makinginformed decisions and fostering sustainable development. In Nigeria, a country with diversechallenges and opportunities, information literacy plays a central role in addressing the complexissues outlined in the SDGs. As Nigeria strives to achieve the SDGs, information literacy must beintegrated into national development strategies. Enhancing information literacy skills across allsectors of society will empower individuals to make informed decisions, contribute to economicgrowth, and participate meaningfully in the democratic process. Furthermore, information literacyis a key driver for innovation, entrepreneurship, and sustainable development, aligning with thebroader global goals of leaving no one behind and creating a more just, equitable, and sustainableworld. It was highly recommended that, government should collaborate with educationalauthorities to integrate information literacy into the national curriculum from primary to tertiarylevels. Government should provide training and professional development opportunities foreducators to enhance their own information literacy skills and teaching methods. They shouldequip teachers with resources and tools to incorporate information literacy into their classroomseffectively
Strategic Planning and Academic Staff Productivity in the University of Ibadan, Oyo State, Nigeria
No full textIt has been observed that the productivity of many academic staff of the University of Ibadan in terms of teaching and research is low. This research was therefore carried out to investigate strategic planning and academic staff productivity in the University of Ibadan, Oyo State. A descriptive survey research design was employed for the study. Total enumeration sampling technique was used to select all the population of lecturers (18) and 300 level undergraduates (65) in the Educational Management as sample size for the study. Data was collected using two self-designed questionnaires titled – “Strategic Planning Questionnaire (r=.898)” and “Academic Staff Productivity Questionnaire ((r=.781). Two research questions were answered. Descriptive statistical method was used to analyse the data collected. The findings revealed a high level of strategic planning (x?=2.578)and high level of academic staff productivity, teaching productivity (x?=2.510) and research productivity (x?=2.578). It was concluded that the high level of strategic planning could be responsible for the high productivity of academic staff. On the basis of the results, it was therefore recommended amongst others that strategic planning though high should be sustained so as to keep improving the productivity of the academic staff
Public and Private Sector Expenditure and Nigeria\u27s Economic Performance: An ARDL Analysis
Get PDFThis study examined the relationship between public and private sector expenditureand their influence on economic growth in Nigeria. Gross domestic product wasconsidered as the dependent variable, while public capital expenditure, publicrecurrent expenditure, and commercial bank credit to the private sector weretreated as independent variables. The Auto Regressive Distributed Lag (ARDL)analysis was employed to analyze the data, covering the period from 1981 to 2023.The findings revealed important insights into the dynamics between these variables.Notably, public capital expenditure in lag two emerged as a significant predictor ofeconomic growth, as evidenced by its positive and statistically significant coefficient.This implied that public investment aimed at stimulating output exhibited a delayedbut positive effect on gross domestic product in Nigeria. Conversely, the commercialbank credit to the private sector in lag three demonstrated a negative andstatistically significant relationship with gross domestic product, suggesting that adecrease in private sector credit could hinder economic growth. Based on theseresults, policymakers were recommended to prioritize and increase public capitalexpenditure to foster economic growth as it is crucial to maintain a conducive
environment for credit availability and accessibility to the private sector.Implementing supportive financial policies lead to improvement on the bankingsector infrastructure, and ensuring easy access to financing in order to stimulateprivate sector investment, job creation, and overall economic productivity. Strikinga balance between public and private sector initiatives helps Nigeria to unlock itsfull growth potential and paves the way for sustainable development
Role of indigenous languages in market administration: Astudy of selected markets in Oluyole local government, Ibadan, Oyo state
No full textCommunication is sacrosanct to the success and sustainability of a society and its various components. This paper examined the role that indigenous languages play in the administration of traditional markets in southwest Nigeria with a focus on selected markets in Oluyole local government in Ibadan, Oyo state. The study is anchored on the Uses and Gratification media theory. The study adopted the descriptive survey research design using a questionnaire as its research instrument. Cluster sampling and convenience sampling were employed to select 312 respondents in five markets which are Oja Ibadan, Mosfala, Afowosopo, Ayegun, and Akorede markets in Oluyole Local Government. Findings from this study reveal that indigenous languages play a positive role in market administration as they are indispensable cultural legacies without which all forms of human interactions can be carried out. It was concluded that the usage of indigenous languages has a role to play in various aspects of market administration in Oluyole local government. This paper therefore recommends that market administrators, traders and other personnel operating in traditional markets should not relent in their employment of indigenous languages in the daily achievement of their various goals within the market