Journals site for the Ekiti State University Ado Ekit
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Nigerian Journal of Banking and Financial Issues (NJBFI): Informal Financial Intermediation And Rural Development: The Role Of Cooperative Societies In Enhancing The Income Of Rural Farmer Members
No full textThe study examined the effect of informal financial intermediation on rural development with special focus on, the role of cooperative societies in enhancing the income of rural farmer members in Nigeria. The study utilized primary data, which were extracted from questionnaires distributed to 335 rural farmer members in the study area. Descriptive statistics were used to analyse and discuss the data, while inferential statistics such as paired sample T-test was employed to test the formulated hypothesis. The study found among others that incomes of members are dependent upon their socio-economic profile such as years of farming experience, access to land, family size, age and marital status. The result also revealed that there is a positive relationship between the activities of cooperative societies and the income of its members in Ekiti State as shown from the paired sample T-test which was employed to test the hypothesis at 5% level of significance. The Study recommends, among others, that Government should formulate workable policies that would make credit facilities and extension services available and accessible to cooperatives with less stringent conditions, Cooperatives should provide more education to members and potential members, with the aim of sensitizing them on the benefits of participating in cooperative activities and cooperatives should come up with more practicable activities in their areas of operation that will have more benefits on not just their members alone but also on the promotion of the entire welfare of the community
Nigerian Journal of Banking and Financial Issues (NJBFI): Effects Of Macro-Economic Variables On Non-Oil Exports In Nigeria
No full textNigeria\u27s non-oil exports have not been performing optimally as a result of numerous factors of which unprecedented movement in macroeconomic variables constitutes. The study examined the effect of macroeconomic variables on non-oil export in Nigeria from 1986-2022. Data used were analysed with Autoregressive Distributed Lag (ARDL). The dependent variable aggregate non-oil export is made as a function of real gross domestic product, exchange rate, inflation rate, interest rate, and government expenditure. Evident from the result indicated that gross domestic product has a significant direct impact on non-oil exports. The exchange rate and government expenditure were positive but insignificant. Inflation and interest rates are significant but negatively related to non-oil export in Nigeria. The study concluded that the main macroeconomic variables that significantly induced non–oil export in Nigeria are real gross domestic product, interest rate, and inflation rate
JOURNAL OF CURRENT DISCOURSE AND RESEARCH (JCDR): LEGAL APPRAISAL OF DOUBLE - DECKER MARRIAGE AMONG THE YORUBA ETHNIC GROUP
No full textThis study examines the concept of Double- Decker marriage in Yoruba Land, exploring the conflict between customary and statutory law. Double - Decker marriage refers to the practice where a couple is married under both customary and statutory laws, creating complexities in marital dissolution and inheritance. This study employs a doctrinal research approach, analyzing relevant laws, judicial decisions, and cultural norms. Both primary and secondary sources were used in gathering information. Primary sources include Yoruba customary law, Nigerian statutory laws, and judicial decisions. Secondary sources comprise academic literature, policy documents, and expert opinions. This research investigates the implications of Double- Decker marriage on women\u27s rights, inheritance, and family dynamics in Yoruba Land. The study reveals that customary law prioritizes family interests over individual rights, while statutory law emphasizes equality and human rights. Findings indicate that Double- Decker marriage often leads to conflicting claims, disputes, and injustices, particularly against women. This research analyzed Yoruba customary law, Nigerian statutory laws (Matrimonial Causes Act, Marriage Act), and judicial decisions. The study findings provide valuable insights into the complexities of Double -Decker marriage, informing policy reforms and community initiatives aimed at promoting social justice and human rights. This research concludes that legislative reforms are needed to reconcile customary and statutory laws, and it recommends the establishment of specialized courts for marital disputes, sensitization programs for communities, and the empowerment of women through education and economic independence. Ultimately, this study contributes to the discourse on legal pluralism, cultural diversity, and human rights in Nigeria, advocating for a harmonized legal framework that protects individual rights and promotes social justice
Nigerian Journal of Banking and Financial Issues (NJBFI): Impact Of Marketing Cooperative Societies On Agricultural Produce In Ekiti State, Nigeria
No full textThe study investigates the impact of marketing cooperative societies on agricultural produce in Ekiti state, Nigeria. It specifically assesses the influence of marketing cooperative on the production level of agricultural produce and farmers’ income, profitability and wellbeing in Ekiti state. 150 questionnaires were distributed and analyzed from the total population based on the responses from the respondents. The findings revealed that 20% of the respondents disagreed that marketing cooperative improve agricultural production level, 22% are neutral, 20% agreed, while 35% of the respondents strongly agreed that marketing cooperative contributed to an increase in level of agricultural production. Also, 14.7% respondents believed that marketing cooperative contributed minor income, 21.3% were neutral, 21.3% also agreed, but 42.7% strongly agreed that marketing cooperative increased farmer’s income greatly. Therefore, the study concluded that marketing cooperative impacted agricultural production and farmer’s income positively. It therefore recommended that more of marketing cooperative societies should be encouraged for non-members since it improved agricultural production and increased the income of the farmers
Nigerian Journal of Banking and Financial Issues (NJBFI): Effect Of Revenue Generation Through Value Added Tax And Other Taxes On Economic Growth in Nigeria
No full textThis study examined the effect of revenue generation through Value Added Tax (VAT) and other taxes on the economic growth of Nigeria. Data were gathered through secondary sources from the Central Bank of Nigeria (CBN), Nigerian Exchange Group (NGX) and National Bureau of Statistics (NBS) for the analysis. The study adopted ex-post factor research design to gather data that were already established. Regression and Correlation Analyses were used in the study. The findings revealed that there is significant relationship between Value Added Tax (VAT) and Economic Growth of Nigeria with (r2 = 0.974). Also, there is a significant relationship between Customs and Excise Duties (CED) and Economic Growth of Nigeria with (r2 =0.765). There is also significant relationship between Companies Income Tax (CIT) and Economic Growth of Nigeria with (r2 = 0.857). Therefore, the study concluded that revenue generation through Value Added Tax (VAT) has significant impact on Economic Growth of Nigeria. The study recommended that the government must guarantee that the incomes earned by VAT and other taxes be used effectively to improve the standard of living of Nigerian citizens. This could be accomplished by closely monitoring the incomes received by the government. Also, it would go a long way towards alleviating the problems of VAT collection and administration because when the government fulfills its part, citizens with not fail to pay taxes. Nigerian government should reform the Customs and Excise Duties in order of stimulate investment and therefore achieve adequate economic growth
Nigerian Journal of Banking and Financial Issues (NJBFI): Blue Economy And Sustainable Development: Empirical Evidence From Nigerian Environment
No full textThis study assessed how blue economy affected sustainable development in the Nigerian environment from 1981 to 2022. Due to the constraint of data availability, the study examined the effect of two blue economy variables; revenue from fishing as well as revenue from water transport, on sustainable development from two perspectives-economic and health (per capita income and life expectancy respectively).
The study used the fully modified ordinary least squares (FMOLS) regression technique to estimate the two models using data collected from the Central Bank of Nigeria’s Statistical Bulletin.
In the first model, the study found that revenue from fishing had a significantly positive effect on per capita income proxied by GDPCI (coeff. = 5.733343, p = 0.0000<0.05) while revenue from water transport also affected per capita income positively but insignificantly (coeff. = 220.7889, p = (0.0941>0.05). In the second model, findings revealed that revenue from fishing had a positive and significant effect on life expectancy (coeff. = 0.001847, p = 0.0000<0.05) while the effect of revenue from water transport on life expectancy was positive but insignificant (coeff. = 0.205509, p = 0.6969>0.05).
Finally, the study found out that per capita income and fishing revenue had no significant causal relationship, while revenue from water transport had a significant unidirectional causality with per capita income. Furthermore, while fishing revenue had a bidirectional causality with life expectancy, revenue from water transport had a unidirectional causality with life expectancy.
The study thus recommended increased investment through specific policies and initiatives, necessary support for research and development in innovative fishing technologies by the government and enhanced infrastructure for improved water transport in Nigeria
Nigerian Journal of Banking and Financial Issues (NJBFI): Financial Innovation And Financial Performance Of Deposit Money Banks In Nigeria
No full textThis study assessed the effects of automated teller machines, points of sale, and NIBSS quick payment settlement on bank performance in Nigeria for the period 2012 to 2020. It cut across 36 quarters, as well as the degree of connection between these factors and bank performance in Nigeria. Two primary estimation techniques were employed in the study, the unit root test and the autoregressive distributed lag model. Moreover, descriptive and inferential statistics were used. The quarterly time series data for the study on ATM, POS, NIBSS, and ROI were sourced from the Central Bank of Nigeria and the Statistical Bulletin of the Nigeria Deposit Insurance Corporation. Point of sale and the Nigerian Integrated Banking System (NIBSS) have positive and significant influence on bank performance, while automated teller machines and point of sale have a negative and little impact. The study\u27s findings indicate that financial innovation improves bank performance
Nigerian Journal of Banking and Financial Issues (NJBFI): Impact Of Lending Management On The Performance Of Deposit Banks In Nigeria
No full textThe study investigated the impact of lending management on the performance of deposit money banks in Nigeria, using sectional data for 18 years from 2005 to 2022, the data used were non-performing loans ratio; loan to deposit ratio; loan loss provision ratio and bank lending rate (Independent) and profit after tax (Dependent) which was obtained from the financial statement of the sampled deposit money banks which includes: First Bank Plc; Wema Bank, Zenith Bank, GTB and UBA Plc. Pooled regression analysis of the ordinary least square (OLS) was used to estimate the determinants of the performance function. The result showed that the fixed effect results revealed that bank lending rate (BLR) and loan loss provision ratio (LLPR) have a negative insignificant impact on log of profit after tax (InPAT) going by the coefficient value of -0.059927 and -0.008279 and prob-value of 0.5925 and 0.8584 respectively. It was therefore concluded that banks should always ensure proper credit evaluation of potential borrowers before funds is allocated to prime borrowers. This should be done by collaborating with top quality credit rating firms. The study recommended that banks must put in place sound credit management process, strictly hold to know your customer (KYC) system, applying effective measures in measuring and monitoring of granted credit and ensure effective controls over credit risk
Nigerian Journal of Banking and Financial Issues (NJBFI): The Nexus Between Debt Factors And Economic Development In Sub-Saharan African Countries
No full textThe study is an attempt to investigate the causal influence running from debt factors to economic development in sub-Saharan African countries. The study employed quantitative research design. A random technique was adopted to select the countries with sufficient observations that will cover the scope of this study. Panel data estimation technique was adopted because it takes care of heterogeneity associated with individual countries by allowing for individual specific variables. The dependent variable for this work is economic development and it is proxy by GDP per capita/income per head. And the independent variables are external debt, total of debt service on external debt and long-term external debt stocks. Data on these variables are collected from the World Bank Indicator for a period of 35 years which spans from 1985 to 2019. The data were de-trend by taking the log form. Mean group and pooled mean group models are employed to analyze the hypotheses of this study. The study concluded that in the long run external debt, total of debt service on external debt and long-term external debt stocks have a negative influence on economic development in sub-Saharan African countries. It is recommended that any projects that the government want to finance with external borrowing should be properly appraised, technically and financially viable before the government will embark on such project. This will enhance the proper management of the borrowed funds
Nigerian Journal of Banking and Financial Issues (NJBFI): Post-Covid-19 Pandemic And Banking System In Nigeria
No full textThe investigation on the effect of Post COVID-19 pandemic on banking system in Nigeria was carried out by this study. Quarterly time series data spanning from 2018 to 2021 formed the basis of the investigation. The analytical methods employed in this study encompassed the Augmented Dickey-Fuller Unit Root Test, ARDL Bound Test, and various post-estimation tests. The findings of this study revealed that both the number of COVID-19 cases and lockdown status had a significant negative influence on the total assets of banks in the long run. Specifically, COVID-19 cases exhibited a negative yet insignificant effect on liquidity and the loan-to-deposit ratio in the banking sector, while lockdown status significantly impacted bank liquidity. Moreover, lockdown status demonstrated a negative and significant effect on the loan-to-deposit ratio in the banking sector, both in the short and long run. In conclusion, the study suggests that the COVID-19 pandemic has repercussions on the performance of deposit money banks in Nigeria. Consequently, it is recommended that the Central Bank of Nigeria ensures vigilant monitoring of the liquid assets of deposit money banks. Furthermore, there should be regular assessments and reviews of the asset portfolios of deposit money banks by the Central Bank of Nigeria to manage banks\u27 exposure to excessive risk and safeguard depositors\u27 funds, especially during economic downturns. The Central Bank of Nigeria is also advised to introduce a standardized approach to loans, ensuring the effective mobilization of funds to qualified applicants while implementing controls to address loan defaults and maintain the stability of the country\u27s financial system