IBBU Journals (Ibrahim Badamasi Babangida University)
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Impact of Capital Structure and Financial Performance of Real Estates Companies in Nigeria
No full textThis study examined the impact of capital structure on the financial performance of listed construction and real estate companies in Nigeria from 2015-2019. The study made use of ex-post factor research design which involved gathering panel dataset from published annual reports and accounts of the sampled companies. Purposive/judgemental sampling technique was used to select five (5 listed construction and real estate companies as at December 2019. Descriptive statistics, correlation and regression analysis were used to evaluate the data. The findings revealed that, the capital structure had a negative and insignificant effect on the financial performance of construction and real estate firms in Nigeria for the period under study. Therefore, it was recommended that, management of construction and real estate companies in Nigeria should exercise caution while choosing the amount of debt to be use in their capital structure as it affect their performance negatively
Telecommunication Infrastructure Investment and Economic Growth Nexus: Evidence from Nigeria
No full textThis study analyzes the nexus between telecommunication infrastructure investment and economic growth in Nigeria using time series data for the period of thirty-nine (39) years (1981-2019). In analyzing the data, the study used Autoregressive Distributed Lag (ARDL) approach and Granger Causality Test. The results reveal that telecommunication investment and telecommunication revenue exert a positive impact on economic growth in both long run and short run. The Granger causality analysis divulges the existence of a bidirectional causality between telecommunication investment and GDP, telecommunication revenue and GDP as well as telecommunication revenue and telecommunication investment. Furthermore, there is no causality between teledensity and the other variables; GDP, telecommunication investment and telecommunication revenue. The study therefore, recommends that government should give more licenses to GSM operators, provide concessionary fiscal incentives and aggressively promote investment in fixed telecommunication assets
Empirical Analysis of the Role of Money Market Instruments on Economic Growth in Nigeria: 1994-2018
No full textThis study investigate the role of money market on economic growth in Nigeria, from 1994 to 2018. It employed the Autoregressive Distributive Lag (ARDL) Bound Testing approach and the result shows that there is long-run relationship among the money market instruments. It also revealed that the money market variables have negative but significant impact on economic growth both in the long-run and in the short-run, except for commercial paper which has positive impact on economic growth, though not significant. This study therefore recommended that since treasury certificate has proven to have the most influential impact on economic growth, central bank should give priority to it. Furthermore, the players, which are the savers and the investors should be encouraged to invest more on the treasury certificate by making it more attractive through appropriate and relevant incentives. The monetary authority should introduce innovative policies into the Money market for it to contribute positively and significantly to economic growth. In addition, interest rate as a major determinant in Money market operations should be well positioned in order for it not to tilt in favour of one of the players in the market thereby discouraging other players from investing in the instruments
Integrating Theory and Empirical Data: Microfinance, Poverty and Islam in Nigeria
No full textNigerian Muslims have lived without adequate legal and regulatory provisions for microfinance institutions that are specifically targeted at their peculiar needs. Islam forbids usury (i.e. interest) and majority of poor Muslims in Nigeria avoid both conventional commercial and microfinance banks mainly to abide by the dictates of their religion (Islam). Southerners live closer to the hub of country’s financial sector and do not exclude themselves from it like the Northerners. Meanwhile, the literature is replete with lots of evidence in favour of finance for growth and finance for poverty alleviation. This study expressed the rate of change of output with respect to time (i.e year)as a function of labour, capital per head, technology and effect of microfinance for both the South and the North in form of a mathematical(not econometrics) model. Geogebra mathematical software was used to simultaneously obtain output (not rate of change of output over time) for each region as a function of time. A simulation of this model was presented in graphical form for easy identifications of changes to output of reach region due to the simulated figures. The results of the analysis show that the prevalence of microfinance banks in the South over the North can explain the difference in the rate of poverty between the two regions. Critical mass of Shariah-Compliant microfinance is recommended for the North to bridge the gap observed in the poverty rate between the regions
Lending Practices, Low-Cost Strategy and Performance of Microfinance: Empirical Evidence from Nigeria
No full textMicro-financing is an old lending practice in Nigeria. Before the introduction of modern microfinance institutions, microfinance exists informally across the country. The study investigated the relationships between Lending practices, business strategy and performance of microfinance in Nigeria. The MFIs ownership involved are; the Community Bank MFIs, the Private MFIs, the Government MFIs, the NGO MFIs, and the Foreign MFIs in Nigeria. By using questionnaires, the data were collected from 121 MFIs in Nigeria. By using regression technique, the findings of the study indicate that low-cost strategy moderate the relationship between lending practices and performance of MFIs. The result of the study seems to demonstrate that the performance of MFIs is good lending practices as well as low-cost strategy
China\u27s Post-Cold War Foreign Policy towards Africa: A Diplomatic Clash
No full textThis paper historically examines China\u27s foreign policy towards Africa in the aftermath of the cold war and the threats it poses to other global players. The paper adopted qualitative methods and utilized both primary and secondary data which includes; textbooks, journals, newspapers, online news and interview respectively. The primary data used in this research is personal observation. The main finding of this paper was that China\u27s foreign policy after the cold war was African market-friendly which is geared towards actualizing Chinese economic interest in resource-rich Africa. This however did not go well with other global players like the United States which also targets Africa as their potential market. It shows that Chinese successful economic diplomacy in Africa is detrimental to the United States\u27 economic interest in the continent. It is thus the recommendations of this paper that African countries must strike a balance between these diplomatic clashes to give a wider room for choices to accelerate the continent\u27s economic development
IMPACT OF MASS MEDIA AND PUBLIC ACCOUNTABILITY ON SOCIO- ECONOMIC DEVELOPMENT OF NASSARAWA STATE
No full textUnfolding events in the Nigerian political strata since 1999 tend to suggest that thegoverning elite class have soon neglected if not forgotten about the plights of the vastmajority of the Nigerian masses who ironically voted them into office. In line with thissubmission, the paper assesses the \u27The Impact of Mass Media on Public Accountabilityin Nigeria\u27s Fourth Republic: Implication for Social, Economic Development inNassarawa State. Adopting a mixed-method, and utilized the Marxist theory ofdemocracy as an analytical framework, the paper discoveredvicious cycle ofvulnerability, poverty and corruption breeds chronic poverty among both men andwomen, adversely affecting the sustainable development in Nasarawa State and itsdemocratization process, such consequences include the diversion of resources; poorbudget implementation, looting the public treasury and rigging elections, amongothers.The study finds out that, serious investigations into operations of governments,issues of corruption and other negative behaviors are ignored or selectivelyreported.The finding also reveals the absence of accountability will not be highlyconsequential to the social and economic development in the study area, due tochallenges within the Nigerian media have been molded with an environment that ischaracterized by instability, repressive legislation and restriction of access toinformation.The paper concludes, accountability reduces poverty, improves humandevelopment and generally enhances the efficiency of governance. The paperrecommends strengthening institutions and agencies of anti-corruption and democracyand intensifying awareness campaigns by especially Media, Civil SocietyOrganizations (CSO), with emphasis on oversight and monitoring the activities of theexecutive and legislative institutions in the state
THE TUNGAZI (SLAVE SETTLEMENT) SYSTEM IN PRE-COLONIAL BIDA EMIRATE: 1857-1901
No full textBida emirate, one of the successor states to Tsoede an Nupe kingdom in the 19th century grew to
become the most successful and powerful of the Nupe emirates despite being last to be
established in 1857. Other emirates established earlier were Tsonga(1810), Lafiagi (1810)
Agaie (1822) and Lapai (1822).1 Bida emirate became the most powerful because of her
strategic central location, territorial space, richer in natural and human resources and above all
blessed with ambitious and astute leadership. The leadership most especially the first three,
namely Usman Zaki (1857-1859), Masaba (1859-1873) and Umaru Majigi (1873-1884) were
key players that made Raba emirate foundation of 1833 to be unsuccessful due to factions, rivalry
and internecine wars that engulfed the area
EXPLORING THE LINK BETWEEN TRAINEE MOTIVATION AND TRAINING EFFECTIVENESS IN NIGERIA CONTEXT: THE MODERATION OF EMPLOYEE RECIPROCITY
No full textThis paper examines the moderating effect of employee reciprocity and trainee motivation
on training effectiveness in Nigeria context. The 316 Non-academic and academic
administrative staff of the Federal College of Education Kontagora and Niger State
College of Education Minna completed the survey. The study employed partial Least Square
Structural Equation Modelling (PLS-SEM) using Smart PLS3.00 soft ware. The result of the
study in an indirect path confirms that employee reciprocity moderates the relationship
between trainee motivations and training effectiveness. The statistical findings from the
study also found that in a direct path, trainee motivation was positively related to training
effectiveness and furthermore, employee reciprocity was also significantly related with
training effectiveness. This, study recommends that management/employers of the
institutions being study should pay attention to the variables under study to recoup the
effectiveness of their training investments on employees. This study concludes that
motivation is a critical factor that nurtured employee reciprocity to enhance employee
commitment towards the actualization of organizational training effectiveness. This study
discusses the practical implications of the study and suggestions further studies
ASSESSMENT OF SOME INDUSTRIAL MINERAL DEPOSITS IN NORTH-CENTRAL NIGERIA: INDUSTRIAL APPLICATIONS AND SOCIO-ECONOMIC IMPERATIVES
No full textPhysical mapping and geochemical characterization of some industrial mineral occurrences in North-Central Nigeria have been undertaken as a basis for identifying the locations of their occurrence, the economic quantities, modes of occurrence and physico-chemical characteristics as raw materials for industrialization in the region. The North-Central region of Nigeria comprises the geopolitical states of Benue, Kogi, Kwara, Nasarawa, Niger, Plateau and the Federal Capital Territory. Physical mapping-surveys have been carried out on clay, marble and talc deposits in Niger State; barite and clay deposits in Nasarawa State and on clay, marble and feldspar deposits in Kogi State. Deposits of clay have been mapped in Niger State at Mashegu, Kutigi and Lemu, marble and clay at Kwakuti and talc at Kagara. In Nasarawa State barite deposits were mapped at Azara and Wuse and clay deposit at Shabu while in Kogi State clay deposits occur at Ahoko and Ojodu, marble at Jakura and Obajana and at Allo/Itobe and feldspar at Ajaokuta. All the mapped industrial minerals occur in economic quantities, although the exact reserves have not yet been measured. The exploitation of these mineral deposits and investment in the corresponding mineral-based industries will spur economic growth and engender positive social transformation in the sub-region