Journals site for the Ekiti State University Ado Ekit
Not a member yet
252 research outputs found
Sort by
Nigerian Journal of Banking and Financial Issues (NJBFI): IMPACT OF TOTAL SAVINGS ON AGRICULTURAL PRODUCTIVITY AMONG COMMERCIAL FARMERS IN EKITI STATE, NIGERIA
No full textThis research investigated the impact of total savings on agricultural productivity among commercial farmers in Ekiti State, Nigeria, utilizing a descriptive survey design. The specific population comprises 1,200 registered commercial farmers in Ekiti State, as recorded by the Ministry of Agriculture. A stratified random sampling technique was employed to select a representative sample of 300 farmers from different local government areas, considering the proportional distribution of farmers in each stratum. The study assessed the level of total savings among commercial farmers, identify patterns of investment in agricultural inputs, asset accumulation and emergency fund size Data for the study were gathered using a self-created survey called the “Impact of Total Savings on Agricultural Productivity Questionnaire” (ITSAPQ). Three null hypotheses were generated and tested at the significance level of 0.05. Data were analyzed using inferential statistics such as correlation and simple regression analysis. The study\u27s findings revealed investment in agricultural inputs and asset accumulation significantly influenced agricultural productivity. Also, the study revealed a positive correlation between emergency fund size and agricultural productivity among commercial farmers. Based on the findings, the study recommended that government should develop and implement supportive policies and initiatives that incentivize farmers to save and invest in sustainable agricultural practices. Also, Government should implement comprehensive financial literacy programmes targeted at commercial farmers to maximize the impact of their savings on agricultural productivity
Nigerian Journal of Banking and Financial Issues (NJBFI): INTERNALLY GENERATED REVENUE AND ITS IMPACT ON BUDGET IMPLEMENTATION IN SOME SELECTED STATES IN NIGERIA (2013-2022)
No full textThis study investigated internally generated revenue and budget implementation across some selected states in Nigeria. Also, the study adopted ex post facto research design using secondary data covering a period of 10 years (2013 to 2022). Data were collected from four states selected from each of the six geopolitical zones in Nigeria to make up 24 states. Data were sourced from the Board of Internal Revenue of each state and National Bureau of Statistics. This study adopted both descriptive and inferential statistical analysis. Descriptive statistics consisted of mean, standard deviation, maximum and minimum while the inferential statistical analysis covered Pearson correlation analysis and panel regression estimation effects. The study revealed that road tax (ROD) has a positive but not significant effect on capital expenditure of selected states in Nigeria to the tune of 0.0807 (p=0.608>0.05); direct assessment tax (DAT) has a positive significant effect on capital expenditure of selected states in Nigeria to the tune of 0.488 (p=0.005<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on capital expenditure of selected states in Nigeria to the tune of 0.097 (p=0.131>0.05); Road tax (ROD) has a positive significant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0411 (p=0.039<0.05); Direct assessment tax (DAT) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0212 (p=0.854<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0464 (p=0.343>0.05). From the analysis conducted, it was concluded that there was a statistically significant effect of internally generated revenue on budget implementation in some selected states in Nigeria
Nigerian Journal of Banking and Financial Issues (NJBFI): IMPACT OF TOTAL SAVINGS ON AGRICULTURAL PRODUCTIVITY AMONG COMMERCIAL FARMERS IN EKITI STATE, NIGERIA
No full textThis research investigated the impact of total savings on agricultural productivity among commercial farmers in Ekiti State, Nigeria, utilizing a descriptive survey design. The specific population comprises 1,200 registered commercial farmers in Ekiti State, as recorded by the Ministry of Agriculture. A stratified random sampling technique was employed to select a representative sample of 300 farmers from different local government areas, considering the proportional distribution of farmers in each stratum. The study assessed the level of total savings among commercial farmers, identify patterns of investment in agricultural inputs, asset accumulation and emergency fund size Data for the study were gathered using a self-created survey called the “Impact of Total Savings on Agricultural Productivity Questionnaire” (ITSAPQ). Three null hypotheses were generated and tested at the significance level of 0.05. Data were analyzed using inferential statistics such as correlation and simple regression analysis. The study\u27s findings revealed investment in agricultural inputs and asset accumulation significantly influenced agricultural productivity. Also, the study revealed a positive correlation between emergency fund size and agricultural productivity among commercial farmers. Based on the findings, the study recommended that government should develop and implement supportive policies and initiatives that incentivize farmers to save and invest in sustainable agricultural practices. Also, Government should implement comprehensive financial literacy programmes targeted at commercial farmers to maximize the impact of their savings on agricultural productivity
Nigerian Journal of Banking and Financial Issues (NJBFI)
No full textThis paper analyzed the extent to which foreign exchange demand affects migration, economic growth, and inflation utilizing quarterly data from the Central Bank of Nigeria\u27s Statistical Bulletin. Autoregressive Distributed Lag (ARDL) technique was used to analyze the data. The study showed that migration rate had significant postive relationship with demand for foreign currency (t=0.196342 and p=0.0450<0.05). Negative significant relationship was also observed between economic output product (GDP) and foreign exchange demand (t=-0.274375, p=0.0047<0.05). There was also insignificant positive relationship between the rate of inflation and foreign exchange demand (t=-0.110176, p=0.09126<0.05). The conclusion of testing the autoregressive distributive lag model (ARDL) hypothesis is that migration rate has a positive substantial influence on Nigeria\u27s demand for foreign currency both in the short run and the long run. This result corroborated the Japa syndrome that is currently ravaging the less developed countries, particularly in Nigeria. The study recommended for policies that would mitigate the effect currency depreciation and curb inflation, accelerate economic growth thereby reducing migration rate and ensure that foreign exchange demand channeled towards economic activities
Nigerian Journal of Banking and Financial Issues (NJBFI): INTERNALLY GENERATED REVENUE AND ITS IMPACT ON BUDGET IMPLEMENTATION IN SOME SELECTED STATES IN NIGERIA (2013-2022)
No full textThis study investigated internally generated revenue and budget implementation across some selected states in Nigeria. Also, the study adopted ex post facto research design using secondary data covering a period of 10 years (2013 to 2022). Data were collected from four states selected from each of the six geopolitical zones in Nigeria to make up 24 states. Data were sourced from the Board of Internal Revenue of each state and National Bureau of Statistics. This study adopted both descriptive and inferential statistical analysis. Descriptive statistics consisted of mean, standard deviation, maximum and minimum while the inferential statistical analysis covered Pearson correlation analysis and panel regression estimation effects. The study revealed that road tax (ROD) has a positive but not significant effect on capital expenditure of selected states in Nigeria to the tune of 0.0807 (p=0.608>0.05); direct assessment tax (DAT) has a positive significant effect on capital expenditure of selected states in Nigeria to the tune of 0.488 (p=0.005<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on capital expenditure of selected states in Nigeria to the tune of 0.097 (p=0.131>0.05); Road tax (ROD) has a positive significant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0411 (p=0.039<0.05); Direct assessment tax (DAT) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0212 (p=0.854<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0464 (p=0.343>0.05). From the analysis conducted, it was concluded that there was a statistically significant effect of internally generated revenue on budget implementation in some selected states in Nigeria
Nigerian Journal of Banking and Financial Issues (NJBFI): IFRS DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
No full textIFRS are principles that establish the general rules by which specific items in the financial statement are to be treated. Therefore, the broad objective of the study is to examine IFRS Disclosure and Financial Performance of Listed Non-Financial Firms in Nigeria. However, the specific objective is to assess how the relationship between disclosure of financial information under IFRS and the firm’s performance has been a concern of contemporary research. Prior researchers in developed and developing economies have provided robust evidence of company disclosure practices under IFRS as they influence performance. This study has therefore examined the influence of IFRS disclosure and financial performance of listed non-financial firms in Nigeria. The study was premised on stewardship theory. The population of the study constitutes 173 quoted companies on the floor of the Nigerian Exchange Group (NEG) as at 31 December 2022. Sixty-four (64) listed non-financial companies were used in the final analysis. In order to arrive at the testable conclusion, purposive sampling technique was adopted. The study utilized a mix of descriptive, unit root and OLS regression analytical techniques. Findings revealed that there is substantial relationship between total disclosure and firms\u27 financial success in the context of listed non-financial enterprises in Nigeria. Also, higher profitability was found to be associated with extensive accounting disclosure. The conclusion of this study is that there is a relationship between company disclosure levels and financial performance. According to this finding, businesses should be concerned with disclosing pertinent information as cheaply as feasible in order to mitigate the potential impact that comprehensive required and voluntary disclosure may have on financial performance
Nigerian Journal of Banking and Financial Issues (NJBFI): MICROFINANCE BRANCH NETWORK AND ITS IMPLICATION ON FINANCIAL INCLUSION IN NIGERIA
No full textThis study explores the impact of microfinance banks on financial inclusion in Nigeria using data from 2011 to 2023. Microfinance institutions were established to address gaps in the economy left by traditional financial services, aiming to stimulate economic activity, reduce poverty, and foster growth. The research employs a quantitative approach, analyzing secondary data obtained from the World Bank and the Central Bank of Nigeria. Financial inclusion, measured by Financial Deepening (M2), is assessed alongside variables such as microfinance branch networks, microloans, and microsavings. The findings indicate a positive and significant relationship between these variables and financial inclusion. Recommendations include the formulation of comprehensive policies by financial regulators to promote financial intermediation across various sectors, thus enhancing financial inclusion
Nigerian Journal of Banking and Financial Issues (NJBFI): EFFECT OF RELATIONSHIP MARKETING ON THE GROWTH OF DEPOSIT MONEY BANKS IN NIGERIA
No full textThis study examined whether the application of customer relationship marketing in the deposit money banks has improved customer’s satisfaction, development and retention in Ekiti state, Nigeria or not. The population of the study was made up of bank marketers and customers in Ekiti state. The population being infinite, the study used Cochran’s equation of infinite population to determine 135 populations for the study. The questionnaire administered was presented analyzed five point likert’s scale and hypotheses formulated for the study were tested with the t-test statistical tool with aid of Statistical Package for Social Sciences (SPSS) version 20.0 software package. The study revealed that the application of customer relationship marketing has improved the customer’s satisfaction in deposit money banks. Also, that customer relationship marketing has improved on customer’s retention in the money deposit banks Based on this, the study recommended that the deposit money banks should ensure high quality service delivery in order to promote customer’s satisfaction and create effective customer relationships
Nigerian Journal of Banking and Financial Issues (NJBFI): IMPACT OF TOTAL SAVINGS ON AGRICULTURAL PRODUCTIVITY AMONG COMMERCIAL FARMERS IN EKITI STATE, NIGERIA
No full textThis research investigated the impact of total savings on agricultural productivity among commercial farmers in Ekiti State, Nigeria, utilizing a descriptive survey design. The specific population comprises 1,200 registered commercial farmers in Ekiti State, as recorded by the Ministry of Agriculture. A stratified random sampling technique was employed to select a representative sample of 300 farmers from different local government areas, considering the proportional distribution of farmers in each stratum. The study assessed the level of total savings among commercial farmers, identify patterns of investment in agricultural inputs, asset accumulation and emergency fund size Data for the study were gathered using a self-created survey called the “Impact of Total Savings on Agricultural Productivity Questionnaire” (ITSAPQ). Three null hypotheses were generated and tested at the significance level of 0.05. Data were analyzed using inferential statistics such as correlation and simple regression analysis. The study\u27s findings revealed investment in agricultural inputs and asset accumulation significantly influenced agricultural productivity. Also, the study revealed a positive correlation between emergency fund size and agricultural productivity among commercial farmers. Based on the findings, the study recommended that government should develop and implement supportive policies and initiatives that incentivize farmers to save and invest in sustainable agricultural practices. Also, Government should implement comprehensive financial literacy programmes targeted at commercial farmers to maximize the impact of their savings on agricultural productivity
Nigerian Journal of Banking and Financial Issues (NJBFI)
No full textThis paper analyzed the extent to which foreign exchange demand affects migration, economic growth, and inflation utilizing quarterly data from the Central Bank of Nigeria\u27s Statistical Bulletin. Autoregressive Distributed Lag (ARDL) technique was used to analyze the data. The study showed that migration rate had significant postive relationship with demand for foreign currency (t=0.196342 and p=0.0450<0.05). Negative significant relationship was also observed between economic output product (GDP) and foreign exchange demand (t=-0.274375, p=0.0047<0.05). There was also insignificant positive relationship between the rate of inflation and foreign exchange demand (t=-0.110176, p=0.09126<0.05). The conclusion of testing the autoregressive distributive lag model (ARDL) hypothesis is that migration rate has a positive substantial influence on Nigeria\u27s demand for foreign currency both in the short run and the long run. This result corroborated the Japa syndrome that is currently ravaging the less developed countries, particularly in Nigeria. The study recommended for policies that would mitigate the effect currency depreciation and curb inflation, accelerate economic growth thereby reducing migration rate and ensure that foreign exchange demand channeled towards economic activities