9 research outputs found
Participatory Decision – Making and Its Implementation in Nigeria: An Experience From Pharmaceutical Industries Ltd., Awe
No full textIn as much as employees’ participation in the workplace’s decision making has been found to have favourable effects on both the employees and the employers, participative management should therefore be considered an inevitable tool in any organization – be it public or private. The study examined participatory decision making and its implementation in Nigeria with a focus on Pharmaceutical Industries Ltd., Awe, Oyo - State. The sample size of the study was 177 with the adoption of a structured questionnaire as the data collection’s instrument, while the random sampling technique was utilized. The adoption of the method was based on its easy usage and capacity to correctly represent an enormous population. The descriptive statistics employed comprised frequency, percentage and tables, while regression was used as inferential statistics. The finding of the study showed a significant relationship between employees’ direct involvement in the Bond Chemical industries’ decision making and the implementation. The finding also established significant facilitation of the organization’s decision making by the employees’ consultation. The study concludes that there is a significant effect of employees’ participation on the implementation of Bond Chemical Industries, while employees’ adequate sensitization on participatory decision making coupled with an attachment of reward system to the practice was recommended for workers’ full commitment.
Keywords: employees’ involvement, employees’ voice, co-partnership, joint consultation, participatory decision – making
 
Goal Setting and Performance Appraisal in Nigerian Public Enterprises: An Empirical Study of Nigeria National Petroleum Corporation (NNPC)
No full textGoals are performance level which subordinates and manager have agreed upon as performance standards for measuring each individual contribution in the organization. Goal setting and performance appraisal are Siamese twins that would give direction to any organization if effectively designed and practiced. Goal settings are embedded in performance appraisal through the technique of management by objective. Despite the fact that management by objectives (MBO) has become an integral part of the managerial process, most public enterprises in Nigeria do not allow subordinates to mutually set goals with their superior. Therefore, this research seeks to ascertain whether goals are mutually set and the relationship between goal settings and performance appraisal as well as whether employees are trained according to weaknesses diagnosed in employees’ appraisal forms in the Nigeria National Petroleum Corporation. The study consists of 354 senior officers in the NNPC Lagos branch. A total of 72 respondents were sampled, representing over 20% of the total population. Out of the 72 questionnaire administered, 52 were retrieved. Primary data were analyzed with frequency distribution and simple percentage. The result shows that subordinate staffs are not given the opportunity to mutually set goals with their superiors rather goals are imposed on them by the management and their supervisors. The research further reveals that weaknesses diagnosed from employees’ appraisal forms are not linked to employees training and development. The study also recommends some measures to address the challenges. Keywords: Goal, Goal Setting, Performance, Appraisal, Management by Objective, Public Enterprises, Nigeri
LEADERSHIP CRISIS AND CORRUPTION IN NIGERIAN PUBLIC SECTOR: IMPLICATIONS FOR SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA
No full textAbstract Nigeria, a country richly endowed with human and material resources critical for national development is yet to find its rightful place among the comity of nations. The major reason for her socio-economic development stagnation is leadership crisis and corruption. Since independence, Nigerian government is replete of clueless, parochial, uninspiring, attitudinal debauchery and selfish leaders. The kernel of this paper rest in the fact that leadership crisis and corruption were interwoven and it is against this background that it explored the leadership failures and corrupt tendencies of the leadership class especially at the National level in Nigeria since 1960 and its implication for socio-economic development. The paper concludes that for Nigeria to experience sustainable socio-economic development, responsible, credible and true leaders who will build strong and transparent institutions as well as leaders who are dedicated to how history will remember them for transforming the society rather than accumulation of private wealth must emerge to implant the act of good and selfless governance in Nigeria
The Role of Employee’s Work Expectations in Job Satisfaction and Labour Turnover in the Service Industry: A Case of Selected Organisations in Lagos, Ogun and Oyo States Nigeria
No full textThe study aimed at investigating the role of employee’s work expectations in job satisfaction and implication on labour turnover in the service industry in some selected organisations in the three states of Western part of Nigeria. The study identified some elements of employee’s work expectations as well as the relationship between and among the variables of the study. A total number of 593 copies of questionnaires were randomly administered to the respondents from which 571 copies were collected back from the respondents out of which 542 copies of questionnaires were found useful for analytical purposes thus giving response rate as 91%. Correlation and regression analyses were used to determine the relationship and test the stated hypotheses. It was found that there is a positive and strong relationship among the variables at 0.05 level of significance. It was recommended that management of the service industry should endeavour to utilise interview as a weapon during employment process to understand the work expectations of the employees and place side by side with that of employer’s expectations and give the job to the most suitable candidate and not the best candidate whose work expectation is not congruent with that of the employer.</jats:p
Labour Innovativeness and Organizational Productivity: The Case of Lubcon Nigeria Limited
No full textUnderstanding employees, their behaviour and their influence on an organization are one of the most significant challenges facing organizations more than ever in today’s complex and dynamic environment. It is, therefore, pertinent to examine labour innovativeness and organizational productivity. This study adopted descriptive survey research. The population of the study was 460 employees of Lubcon Nigeria Limited, and Guilford and Flruchter (1973) formula used to determine the sample size of 216. The study employed a primary source of data collection, and the respondents were staff of various departments of the company. The hypothesis was analyzed through regression analysis to test the formulated hypotheses. The findings reveal that (R=0.934, R2=0.871, (0.000) <0.5). This implies that the model fitted by explained 93.4% of the variability in organizational productivity. The study concludes that employees’ innovativeness has a positive and significant impact on organization performance. Therefore, the study recommends that there should be a favourable environment where employees are allowed to be innovative and contribute to their ideas to achieve higher organizational productivity
OPPORTUNITY IDENTIFICATION OF NASCENT ENTREPRENEURS IN AGRICULTURAL BUSINESSES: AN EVALUATION IN SOUTHWESTERN NIGERIA
No full textMany emerging markets in developing countries have seen a decline in entrepreneurial activity. This is especially concerning because entrepreneurs constitute a significant share of the workforce, enterprises, and national revenue. In this turbulent time of the COVID-19 crisis and its aftermath, the struggle for economic survival has added considerable pressure on the Nigerian government. Despite the economic challenges, entrepreneurs can still play a significant role in reviving the economy However, for entrepreneurship activities to take place, opportunity identification must first occur. To better understand the factors that influence the identification of entrepreneurial opportunities, this study has examined the potential effects of entrepreneurial social networks, prior knowledge, self-efficacy, proactive personality, alertness, and creativity on opportunity identification. The study employed an exploratory research design and several quantitative methods in the analysis of the collected data. The population of the study was the total number of registered nascent entrepreneurs in Southwestern Nigeria, comprising six (6) states including Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti. A muti-stage sampling technique was used, while primary data was collected directly from all the participants by administering the study questionnaires. The number of questionnaires administered was 300, with a sample size of 103, which is this study’s minimum according to the Gpower result. The study found that entrepreneurial alertness and self-efficacy exhibited the strongest correlation, suggesting that entrepreneurial ability was closely linked to entrepreneurial skills. Entrepreneurial creativity and entrepreneurial self-efficacy also demonstrated a strong relationship, indicating that higher entrepreneurial skills were associated with greater entrepreneurial commitment. These variables had jointly enhanced the performance of emerging entrepreneurs in Southwestern Nigeria, highlighting the need for entrepreneurial training programs and policies that could help cultivate these abilities and characteristics. Therefore, this study has shown that opportunity identification shaped by social networks, prior knowledge, self-efficacy, proactive personality, alertness, and creativity could play a critical role in driving business sustainability by enabling entrepreneurs to recognize and exploit viable, innovative, and enduring market opportunities
A New Form of Authoritarianism? Rethinking Military Politics in Post-1999 Nigeria
No full textDespite the vast research that has been done on the Nigerian military, virtually all of these studies have failed to critically examine the accepted role of the military in the democratising phase. This is important because the relationship between the political elite and the military in post-military authoritarian states guarantees either democratic consolidation, or its reversal. In Nigeria, despite an appearance of significant progress in subordinating the military institution to democratic civilian authority, the military remains a crucial political actor in the polity. It appears that the military has yet to accept the core democratic principles of civilian oversight of the institution. This thesis, therefore, explores whether a new form of military authoritarianism is emerging in Nigeria, with the aim of understanding Nigeria’s military behaviour in a transitional phase, from prolonged military authoritarianism to democratisation. To examine this military behaviour, Alfred Stepan’s concept of military prerogatives that was used to understand the military’s behaviour in a transitional phase in Latin America is applied to Nigeria.
A crucial understanding of authoritarianism in Nigeria is initially discussed in this study using mainly document analysis strategy to examine whether multi-ethnic states, such as Nigeria, tend to have authoritarian systems. Six hypotheses form the core analysis of this thesis: first, that the military has retained significant military prerogatives; second, that retired military officers are gaining influential political and economic positions; third, autonomous military involvement in human rights abuses since 1999; and fourth, that civilian government oversight remains weak, and facilitates military authoritarianism. These hypotheses are primarily analysed using the elite interview technique. During the first half of 2011, the author conducted field research where serving and retired military officers were interviewed. The fifth hypothesis is that the military has intervened in politics post-1999. The examination of this hypothesis relies primarily on key security-related media reports (mostly newspaper editorials) on the military after 1999. The examination of the final hypothesis, that increases in military expenditures might facilitate a new form of military authoritarianism, relies primarily on descriptive statistical analysis. In addition, this study collated relevant historical materials that relate to the military, utilising national archival collections.
The empirical findings of this research did not identify a new form of military authoritarianism in Nigeria. The study, however, argues that the unrestricted institutional framework accorded the military has contributed significantly to authoritarian practices in the post-military era in Nigeria. This study discovered that there were similarities between the Brazilian and Nigerian militaries in regard to their military spending during their period in power. Both countries had lower defence budgets. Just as in Brazil, it appears that part of the reason the Nigerian military decided to relinquish power in 1999 had to do with its desire to gain a higher budget, something that was precluded in a military government struggling to retain a sense of legitimacy. The military needed a higher budget to modernise and re-professionalise its institution after more than a decade in power. This feature, which the Nigerian military shares with the Brazilian military, appears to justify the application to Nigeria of Alfred Stepan’s concept of military prerogatives.
Nigerian Journal of Banking and Financial Issues: ANALYSIS OF MOTIVATING FACTORS FOR INFORMAL ENTREPRENEURSHIP ACTIVITIES IN NIGERIA
No full textCALL FOR PAPERS
The Nigerian Journal of Banking and Financial Issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is a biannual Journal published by the Department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
Interested contributors are invited to submit well researched papers which have not been provide published either in whole or part in any journal.
Three copies of the manuscript should be submitted, each copy of which must be typed on one
side of A4 sized paper only and double spaced.
Manuscript should not exceed twenty pages, including notes, references, table and chart.
The cover page of each manuscript should contain title of papers, names(s) and additional
authors(s).
An abstract of not more than 120 words typed single spaced on a separate sheet book precede the
main text. The short abstract should summarize the main argument of the article.
Bibliographical references should be indicated in the text using the author data style with page
numbers where necessary. All reference must adopt America psychological Associate (APA)
current style and reference pattern.
Table and charts should be placed as close as possible to relevant discussion. End noted should
be numbered consequently, and should not solely comprise references.
Manuscript which do not conform to these guidelines may be returned unprocessed.
All manuscript and other correspondences should be sent to:
The Managing Editor,
Journal of Banking and Financial Issues,
C/0 Department of Finance,
Ekiti State University,
Ado Ekiti, Nigeria.
OR
The Business Editor:
Department of Finance
E-mail: [email protected]
Nigerian Journal of Banking and Financial Issues: ANALYSIS OF MOTIVATING FACTORS FOR INFORMAL ENTREPRENEURSHIP ACTIVITIES IN NIGERIA
No full textCALL FOR PAPERS
The Nigerian Journal of Banking and Financial Issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is a biannual Journal published by the Department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
Interested contributors are invited to submit well researched papers which have not been provide published either in whole or part in any journal.
Three copies of the manuscript should be submitted, each copy of which must be typed on one
side of A4 sized paper only and double spaced.
Manuscript should not exceed twenty pages, including notes, references, table and chart.
The cover page of each manuscript should contain title of papers, names(s) and additional
authors(s).
An abstract of not more than 120 words typed single spaced on a separate sheet book precede the
main text. The short abstract should summarize the main argument of the article.
Bibliographical references should be indicated in the text using the author data style with page
numbers where necessary. All reference must adopt America psychological Associate (APA)
current style and reference pattern.
Table and charts should be placed as close as possible to relevant discussion. End noted should
be numbered consequently, and should not solely comprise references.
Manuscript which do not conform to these guidelines may be returned unprocessed.
All manuscript and other correspondences should be sent to:
The Managing Editor,
Journal of Banking and Financial Issues,
C/0 Department of Finance,
Ekiti State University,
Ado Ekiti, Nigeria.
OR
The Business Editor:
Department of Finance
E-mail: [email protected]
