Browsing by Author "Babajide, Abiola"

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    Agriculture Financing, Poverty and Unemployment Reduction in Nigeria
    (African Journal of Business and Economic Research Vol 18,, 2025) Adetiloye, Kehinde A.; Nkwodimmah, Pascal; Babajide, Abiola; Osuma, Godswill
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    ASSESSING CREDIT RISK AND LENDING PATTERN IN THE NIGERIA BANKING SECTOR
    (JOURNAL OF SOUTHWEST JIAOTONG UNIVERSITY, 2022-02) Isayinka, Isaac Ayomide; Asemota, Franklin Famous; Babajide, Abiola
    This article collected secondary data in yearly time series from 2007 to 2020 to analyze nonperforming loans, liquid reserves to assets ratio, capital to assets ratio, domestic credit, and exchange rate and their effects on Nigerian lending rate. The constructed and analyzed model was estimated via the least square technique to achieve its goals. Findings in this research reveal a beneficiary influence of nonperforming loans, capital to asset ratio, and exchange rate on bank lending rate. While liquid reserves to assets ratio, and domestic credit exhibits inverse relation with lending rate. Hence, the relationship between nonperforming loans, liquid reserves to assets ratio, and domestic credit are statistically significant with lending rate. Capital to asset ratio, and exchange rate exhibits an insignificant relation with lending rate. The research suggests consequently that both private individuals and business entities should exercise caution when taking out loans, ensure that the total amount borrowed is sufficient to cover all of their needs. Banks need to use caution when making loans; the prime motive for lending money should not merely be to make a profit. Credit risk is considered substantial; banks need to lower nonperforming loan portfolio and by this, both banks and their clients will experience great benefits.
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    Financial literacy, financial capabilities, and sustainable business model practice among small business owners in Niger
    (2021) Babajide, Abiola; Osabuohien, Evans; Tunji-Olayeni, Patient; Falola, Hezekiah; Amodu, Lanre; Olokoyo, Felicia O.; Adegboye, Folasade; Ehikioya, Benjamin
    The study investigates how financial literacy and financial capabilities influence small firms’ sustainability in Lagos and Ogun States, Nigeria. It employs a survey research design to collect data from 300 small business owners across the two States. Data collected were analysed using Structural Equation Modelling (SEM) technique. The study shows that environmental sustainability, financial sustainability and social responsibility are significant determinants of small firms’ sustainability in Nigeria. Financial literacy and financial capabilities practices also have a significant positive impact on firm sustainability. However, the use of savings product shows a significant adverse effect on firms’ sustainability. The findings imply that financial literacy knowledge and practice in small business operations enhance firms’ sustainability. The study recommends that small firms should incorporate sustainability models into their business operations and improve their financial knowledge to maintain sustainability. Small business owners should also invest their savings in an appropriate investment product that suits their risk tolerance.
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    FISCAL FEDERALISM: PANACEA TO CHALLENGES OF ACCOUNTABILITY AND DEVELOPMENT IN NIGERIA
    (Covenant-International Conference on African Development Issues (C-ICADI), 2018-11) Ewetan, Olabanji O.; Osabohien, Romanus; Matthew, Oluwatoyin A.; Babajide, Abiola
    Fiscal federalism is a key principle of federal system of government instituted to address the critical challenges of accountability and development. This paper examines the extent to which fiscal federalism had mitigated the challenges of accountability and development in Nigeria, using historical data, for the period 1981-2016. Empirical evidence from the two models estimated using the bounds testing co-integration procedure also known as autoregressive distributed lag estimation procedure reveals that fiscal federalism promotes accountability and economic development in Nigeria. The finding of this paper also suggests that for maximum impact on longrun economic development and promotion of public sector accountability in Nigeria, government should ensure the simultaneous decentralisation of expenditure and revenue powers or responsibilities to sub-national governments ceteris paribus