Journals site for the Ekiti State University Ado Ekit
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Nigerian Journal of Banking and Financial Issues (NJBFI): Financial Inclusion Through Digital Channels And The Growth-Inequality-Poverty Triangle: Evidence From Africa
No full textThis study investigates the causal relationship between digital financial inclusion (DFI) and the growth-inequality-poverty triangle in a panel of 42 African countries for the period 1995 to 2018. Simultaneous-equations models, the two-step system generalized method of moments (GMM) versus the default one-step approach, and Toda Yamamoto causality test are used to investigate this relationship. The main results provide evidence that digital financial inclusion has significant negative effects on poverty and inequality, but significant positive effects on growth of GDP per capita, implying that increase in DFI is associated with reduction in poverty and inequality, but increase in economic growth. The implication is that DFI can promote economic growth, as well as alleviate poverty and stem the tide of inequality. The empirical results further show that there is unidirectional causality flowing from DFI to growth and inequality while bi-directional causality exists between DFI and poverty. Interestingly, there is bi-directional causality between growth and inequality, growth, and poverty, as well as between inequality and poverty. Overall, the findings imply that improving digital access to financial services across the continent is essential to increasing income levels, alleviating poverty, and aiding more even distribution of income. Future studies can improve on the extant literature by exploring whether the established findings withstand empirical analysis within country-specific settings
Nigerian Journal of Banking and Financial Issues (NJBFI): Petroleum Products Delivery In Nigeria: The Influence Of Total Quality Management Practices
No full textThe effective delivery of petroleum products over the years has reduced and this motivated the study to examine the influence of total quality management practices on refined petroleum products delivery in Nigeria.
The survey research design was adopted and primary data was sourced through the administration of structured questionnaire to eighty-two (82) respondents comprising management and employees through a census approach. The data were analysed, using the multi-linear regression analysis.
The results showed that quality planning (β = 0.149,p>005), quality control (β = 0.079, p>0.05) and quality improvement system (β = -0.021, p>0.05 ) are not significant predictors while management commitment (β = 0.302,p<0.05) significantly influenced refined petroleum products delivery.
The company\u27s management should be committed to the ideals of business excellence that would drive efficient delivery
Nigerian Journal of Banking and Financial Issues (NJBFI): Assessment of Nigerian Banking Service Quality and Information And Communication Technology (ict) Usage
No full textGlobally, banking operations rely heavily on ICT usage, so the need to investigate the nexus between service quality and ICT usage is germane. Thus, this study engaged the SERVQUAL model in assessing ICT usage and bank service quality among the commercial banks located in Ladoke Akintola University of Technology, Ogbomoso. Nigeria. Three hundred students were sampled purposively. The questionnaire was administered through an online survey. The hypothesis of the study is to find out if there is a significant relationship between service quality and ICT usage by the selected bank. Exploratory Factor Analysis (EFA) was used to validate the research instrument while the hypothesis of the study was tested with Confirmatory Factor Analysis (CFA) using AMOS 26. The result showed that there is a significant relationship between; ICT usage and tangibility (β=.486, t=21.519); ICT usage and reliability (β=.116, t=9.684); ICT usage and Responsiveness (β=-.255, t=16.948); ICT usage and assurance (β=.097, t=7.232); ICT usage and empathy (β=.175, t=-17.455). The study concluded that ICT usage in the selected banks has a significant effect on the banks’ service quality. This study adds to the understanding of ICT usage in the services sector in general and the banking sector in particular. It is recommended that investment in ICT should be a priority for services organization such as the banking industry, as the impact in improving their service quality is tremendous
Nigerian Journal of Banking and Financial Issues (NJBFI): Analysis Of Motivating Factors For Informal Entrepreneurship Activities In Nigeria
No full textThis study appraises the motivating factors for informal entrepreneurship activities in Nigeria. Data was collected through questionnaire which served as the only source of information for this study. In order to analyze the objective, Pearson Product movement Correlation (PPMC) and descriptive statistics were employed. The study population comprises of all the informal entrepreneurs in all the 136 local governments in the six selected States in South West of Nigeria out of which 15 informal entrepreneurs were selected in each local government in three (3) senatorial districts in the six (6) States selected making a total of 540 respondents. Also, the choice of respondents from different informal entrepreneurs was based on the needs to gauge the minds of informal entrepreneurs. The population of the study was extended to all informal entrepreneurs which included agropreneurs, artisans, transporters, as well as traders. The result indicated that positive and significant relationship exist between wealth creation and informal entrepreneurship with r=0.4544*. Similarly, government support has positive and significant relationship with informal entrepreneurship with r value of 0.4910*. Also, with r value of 0.5553* there exist positive and statistically significant relationship between informal entrepreneurship and Job security. However, r value of 0.0710, 0.0181 and 0.0729 respectively, innovation, survival and employment have statistically significant relationship with informal entrepreneurship. It is concluded that informal entrepreneurship is ignited by motivating factors such as wealth creation, government support, Job security, innovation, and employment generation. Therefore, individual, informal entrepreneurs, none governmental agencies and the government should embark on awareness campaign using the element of the motivating factors to influence more people to engage in informal entrepreneurship thereby reducing unemployment in the states and the nation as a whole
Nigerian Journal of Banking and Financial Issues (NJBFI): POLITICS AND ADMINISTRATION: IMPLICATIONS TO NIGERIA GOVERNANCE FOR NATIONAL DEVELOPMENT
No full textThe role of public administration in the political process has been of great concern since the emergence of public administration as an academic field in the late 1880s. Public administration relates to the political process which is of pivotal importance to scholars and practitioners as it bears implications for disciplinary identity and institutional development of public administration which in turn affects governance of the state. Contemporary Nigeria is plagued with the problems of widespread poverty, large-scale unemployment, technological backwardness, low capacity utilization, inadequate and decayed social and physical infrastructure, and high crime rate, among others. The objective of this study is to identify the challenges preventing Nigerian public administrators from playing its catalysing role in the development of the country as well as to proffer possible solutions. Data for the study were collected from secondary sources. Content analysis was adopted for the review of the empirical literature. Development Administration Theory (DAT) was used for this study propounded by Riggs (1970). One of the findings is that bribery and corruption are a bane of Nigerian public administration. The paper recommends, inter alia, the empowering of the anti-corruption institutions and ensuring effective leadership among others
Nigerian Journal of Banking and Financial Issues (NJBFI): RELIGIOUS BELIEFS AND PROPENSITY TO PURCHASE INSURANCE POLICY AMONG MSMES IN LAGOS STATE
No full textThis study examined the relationship between religious beliefs and the propensity to purchase insurance among Micro, Small, and Medium Enterprise (MSME) owners in Lagos State. Using a descriptive survey design, 396 questionnaires were administered to selected MSMEs’ owners in Lagos State with the use of simple random sampling technique. Data for the study was analysed through the use of descriptive and inferential statistical tools. The hypotheses were tested with Pearson Product Moment correlation and linear regression analyses. Findings reveal that religious beliefs significantly but moderately influence MSMEs owners’ insurance purchase decisions in Lagos State. Specifically, the results indicate that spirituality significantly influences intention to purchase insurance while religious commitment was found to significantly affect willingness to buy insurance. Also, morality was found to be significantly related to MSMEs owner’s readiness to pay for insurance. For some MSME owners, faith provides a sense of security, reducing reliance on formal risk management while others resist insurance due to religious misconceptions. These insights highlight the need for insurance companies to develop culturally sensitive marketing strategies. Also, policymakers can implement educational programs to address religious concerns and promote insurance as a business sustainability tool
JOURNAL OF CURRENT DISCOURSE AND RESEARCH (JCDR): ECONOMICS OF DATE PALM FRUIT (Phoenix dactylifera L.) MARKETING IN SELECTED CITIES OF SOUTHWEST NIGERIA
No full textThe study evaluated the economics of date palm fruit (Phoenix dactylifera L.) marketing in selected cities of Southwestern Nigeria, including Abeokuta, Akure, and Ado-Ekiti. Data were collected through the administration of a semi-structured questionnaire and interviews with 95 date palm fruit marketers in the study area. The data collected were analyzed using descriptive statistics, gross margin analysis, and multiple regression analysis. The majority (58.00%) of the respondents were below 30 years of age, and 82.00% were male, with 94.00% being married. Most marketers (75.00%) had no formal education, and the Hausa ethnic group dominated the trade, accounting for 67.00% of the respondents. The use of date palm fruit as a sweetener indicates that it is primarily (100%) used for Tiger nut drinks. The study revealed that the marketing of date palm fruit involved wholesalers, retailers and multiple middlemen, which negatively impacted profitability. The average gross margin per annum per marketer was N246,560.22 with a gross margin ratio of 0.62, indicating a profitable venture despite the challenges. Socio-economic factors influencing marketers\u27 income included age and gender, which were statistically significant (p<0.1). Transportation cost was identified as the major challenge, followed by preservation issues and the monopolistic control of the market by Hausa marketers. The study concluded that date palm fruit marketing has significant economic potential in Southwestern Nigeria; however, market expansion and profitability are hindered by the current marketing structure. Recommendations include establishing central wholesale markets to improve market access and encourage broader market participation across all tribes
Nigerian Journal of Banking and Financial Issues (NJBFI): The Effect Of Stock Market Performance On Output Growth In Nigeria
No full textThe study investigates the effect of stock market performance on output growth in Nigeria between 1980 and 2022, using ARDL as an estimation technique. The results show that growth rate of Gross Capital Formation (GCFgr) and Market Capitalization of Listed Domestic Company (MCLDC) all assert a positive but non-significant effect on output growth in Nigeria while the Stock Trade Turnover Rate of Domestic Share (STTRDS) demonstrate a significant positive effect on Output Growth in Nigeria in the long-run in Nigeria. Also, Changes in growth rate of Gross Capital Formation D(GCFgr), changes in Market Capitalization of Listed Domestic Companies D(MCLDC) and changes in Stock Trade Turnover Rate of Domestic Share D(STTRDS) all indicate a positive but insignificant effect on growth rate of Gross Domestic Product (Output growth) in Nigeria. it is therefore recommended government should put-in- place policies that promote the effectiveness and efficiency of stock market performance in Nigeria, in order to attain the desired output growth level
Nigerian Journal of Banking and Financial Issues (NJBFI): Business Risk Control Strategies And Organisational Survival Of Selected Small And Medium Sized Enterprises (Smes) In Lagos State, Nigeria
No full textThe survival of every organizational setting is in its ability to handling potential risks that are capable of crumbling the organization objectives and focus. This study investigated the nexus between business risk control strategies and organizational survival among small and medium-sized enterprises (SMEs) in Lagos State, Nigeria. Using the survey approach cum the multiphase sampling techniques which comprised of purposive and convenience sampling technics, data were gathered through a structured questionnaire from the selected registered SMEs. The sample size of two hundred and eighty-three (283) was estimated. The data analytical techniques employed were descriptive and inferential statistics. The findings revealed a ranked order analysis for business risks control strategies and organizational survival. Further findings showcased the positive relationship between business risks control strategies and organizational survival among SMEs in Lagos State; with a R2 of 44.6 percent. The study recommended that SMEs should frequently conduct comprehensive risk evaluations to identify potential internal and external risks. SMEs should thus develop a risk management framework that include regular monitoring, and adopt instrument like SWOT analysis. As a matter of fact, SMEs should embrace digital transformation to improve efficiency, curtail operational risks, and stay competitive in their market environments
Nigerian Journal of Banking and Financial Issues (NJBFI): Assessing The Determinants Of Economic Growth In Heavily Indebted Poor Countries
No full textThe research analyzed the factors that influence economic growth in 39 countries that are heavily indebted and poor, commonly referred to as HIPCs. The study utilized eight sets of data pertaining to economic indicators, education, and population from the years 1980 to 2021. The study employed the auto-regressive distributed lag (ARDL) technique to analyze the impact of various factors, including export volume, inflation, foreign aid, foreign direct investment, agricultural output, population growth, industrial sector output, foreign direct investment, and secondary school enrolment, on the economic growth of a group of 39 countries in both the short and long terms. Among the eight eco-social variables analyzed, only export volume and inflation demonstrate a significant impact on the economic growth of the nations. From the analysis, both in the short and long periods, export volume has a favorable impact on economic development (short run: coefficient = 0.601183, p = 0.0212; long run: coefficient = 0.488446, p = 0.0205). Both in the short and long periods, inflation has a detrimental impact on economic growth (short run: coefficient = -0.184358, p = 0.0385; long run: coefficient = -0.149787, p = 0.0542).. Further, it was found that exports granger caused GDP growth, while the latter itself granger caused inflation and secondary school enrolment. It was recommended that governments of HIPCs put in place more export boosting strategies, significantly reduce inflation and control population growth. Governments in the affected countries need to focus on the growing of the real sector of the economy through effective utilization of domestic savings and foreign financial aid to develop the sector.