College of Management and Social Sciences

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CAPACITY BUILDING FOR WIDOWS : PATHWAYS FOR SUSTAINABLE GRASSROOT DEVELOPMENT IN NIGERIA
(Covenant Journal of Business and Social Science Vol. 3, No 1 & 2, 2010) Georl!e, Tayo 0.
This paper examines capacity building for widows and pathways for sustainable grass root development in Nigeria. The increasing n'umber of widows with little or no means of capacity for economic empowerment at the grass root has become an acknowledged social problem in most developing societies like Nigeria. This paper argues the need for capacity building as an urgent step for attaining the needed sustainable national development for this segment of the population. The study relies on survey of942 widows across sixAwori communities, in Ogun state, Nigeria. Using descriptive statistics, the result shows that, about 60 percent of the sampled population had no form of fbrmal or informal education. Thus, they live in abject poverty. This paper recommends the need for both government and Non Governmental Organizations (NGO's) to drive capacity building through formal and Non-formal education, to enable widows especially at the grass root maximize their potentials in the ever changing world.
Where is the African culture? Assessing the uniqueness of indigenous communication in galvanising women’s political participation at the local level
(New Media and Mass Communication, 2014) Oyesomi, Kehinde; Okorie, Nelson; Ahmadu, Frederick; Itsekor, Victoria
Indigenous communication systems are essential element of the socio-cultural tradition of Africans. These systems have been used to promote co-operation, mobilization and participation among African people. This paper takes into account the uniqueness of indigenous communication especially on women’s political participation and was laid on two-step flow (Multi-step flow) theory. Empirical study was looked into and the researchers conclude that since indigenous communication provides women with knowledge and information on political activities at the local level, it follows that women should be trained with a view to acquiring the knowledge and know-how required for standing for elections or applying for decision-making posts.
VIOLENCE AGAINST YOUNG WOMEN IN INFORMAL CROSS-BORDER TRADING IN SOUTH-WEST NIGERIA: IMPLICATIONS FOR ECONOMIC DEVELOPMENT AND POVERTY REDUCTION
(Internation Journal of Gender and Development Issues Vol., 11 No. 4, 2015) Geeorge, Tayo O.; Chukwuedozie, O. N.; Ozoya, M. I.
Nigerian women, through history, actively participate in the social, economic and political development of their societies. This is particularly true of women in southern Nigeria, especially Yoruba women. Women traders working in the informal sector are often subject to harassment and extortion at the border. These constraints undermine their economic activities. Women are more readily denied access to key trader networks than men. Time-consuming trade procedures and documentary requirements impinge more heavily on women, given the time they need for their household duties. And women working to produce exportable goods and services are typically less able than men to get the inputs and materials that would raise their productivity and allow them to compete better in overseas markets. A major setback for women in cross border trade is violence. This ranges from rape and other forms of sexual abuse, theft, robbery to seizure of goods. This paper therefore, examined the incidence of violence against young women . in informal cross-border trading in South-West Nigeria and its implications for economic development and poverty reduction, relying purely on secondary sources of data and relevant sociological theories. Findings in this project will bring to the fore, the constraints to the success of economic activities of young women and the effects on wealth creation and poverty reduction in South-West, Nigeria.
Widows’ Socio-Demographic Characteristics and the Observance of Widowhood Rites among the Aworis of Ogun State
(Mediterranean Journal of Social Sciences, 2016) George, Tayo O.; Omonijo, Dare Ojo; Uche, Onyekwere O. C; Anyaegbunam, Michael Chibuzor; Shaibu, Albert Oguche
This study examined the socio-demographic characteristics of widows in Awori two urban and two rural communities of Awori land in Ogun State, Nigeria and the observance of widowhood rites. It utilized a survey questionnaire containing open and closed ended questions to elicit information from 912 respondents. The linear regression was used in testing the hypothesis formulated for the study, in addition to cross-tabulations and simple percentages. The critical variables in the hypothesis are ten (10) indices which helped to measure the socio-demographic attributes of the widows sampled. The indices are: age, education, income, occupation, number of children, sex of children, religion, type of marriage, form of marriage and place of residence). The purpose was to determine which of these indicators had the most effect on the widowhood practices outcomes. The results revealed no relationships between the dependent and independent variables in the first model except for education and type of marriage which were found to be significantly related to widowhood rites. In the second model, widows’ education and occupation were both positively related to property inheritance and statistically significant. Finally, the study presented conclusion and recommendations on the basis of the findings.
Rally as a Political Public Relations Strategy for Public Acceptance of a Political Party: A Focus on APC Presidential Campaign in Lagos State.
(Ife Centre for Psychologial Studies/Services, Ile-Ife, Nigeria, 2016) Oyesomi, Kehinde; Oyero, Olusola; Igbinoba, Angie Osarieme; Adeniyi, Solarin
This study examines the assessment of the use of rally as a political public relations strategy for public acceptance of a political party during the 2015 presidential elections in Lagos State. Public relations uses tactical methods of communication to build relations between an organisation and its internal and external publics. The survey method was used as the research design in carrying out this study and the research instrument used was the questionnaire as well as interview schedule to consolidate the analysis which was carried out. It is interesting to note that 95% of respondents are aware of political rallies being used during elections while 56% of these respondents participated in these political rallies. The findings revealed that political rally is an effective factor that shapes electorates attitude and their choice of candidate. The researchers therefore recommend that electorates should not depend on political rallies alone in making their decisions on who they should vote for during elections. Electorates should not rely on information gotten from one source, but should also seek other sources for more information and better understanding towards accepting a political party and its candidate.
INDIGENOUS MEDIA AND RISK COMMUNICATION OF CHEVRON, NIGERIA -IN RURAL COMMUNITIES OF DELTA STATE, NIGERIA
(Proceedings of SOCIOINT 2017, 2017) Oyesomi, Kehinde; Iyamu, Osamudiame; Oyero, Olusola; Amodu, Lanre
Every organization both commercial and non-commercial should have a good and healthy relationship with her host community. In the case of oil companies, this is very crucial to their operations. This is why there is the need for proper risk communication methods to be put in place for the host community residents. Hence, there is need for effective channel of communication for risk communication. This research study focuses on utilizing indigenous media for risk communication by oil companies operating in Ugborodo and Ogidigben communities of Warri, Delta State, Nigeria. The study anchored on the medium theory. The study employed both in-depth interview and survey method to afford the researchers the perception of both the organization and the community residents on how risk communication through indigenous media is carried out in the communities. 385 questionnaires were distributed but 357 copies were used for analysis. An in-depth interview was conducted with the community relations manager at Chevron Warri. Interviews were also conducted with the community head of Ugborodo community and the woman leader of Ogidigben community. From the results obtained from both the questionnaires and the in-depth interview, the researchers found out that indigenous media are used by Chevron to communicate with residents of the communities on risk relation situations and this to a higher percentage has been effective. The findings from the survey indicate that the community residents are aware of Chevron’s risk communication efforts which they feel are received early enough, easily understood and prevent casualties associated with these risk situations. Recommendations were made among others that organizations especially those operating in rural communities must fully understand the communication system in operation in the host community. Some of these communities use only indigenous media while some use traditional media like radio and television alongside indigenous media.
Indigenous Communication: Socio-Economic Characteristics Influencing Contemporary Female Political Participation
(Bridgewater State University, 2017) Oyesomi, Kehinde; Salawu, Abiodun; Olorunyomi, Bankole
This paper takes into account the exceptionality of the socio-economic characteristics (age, income, education, marital status, occupation) of female participation in politics through the use of indigenous communication. The theory was laid on democratic-participant theory. Four communities were selected in Lagos and Ogun states. Survey design, Focus Group Discussion (FGD) and in-depth interviews (IDI) were adopted to generate both quantitative and qualitative data for the study. Structured and semi structured copies of the questionnaire were administered on 800 purposively selected respondents but only 775 copies of the questionnaire were used for analysis. Four (4) focus group discussions, made up of 8 purposively selected discussants each took place in four communities. Four purposively selected participants took part in the in-depth interviews. The quantitative data were presented in tables and analysed, using percentage counts, and cross tabulation. Mean and standard deviation were used for ranking of the perception of women on the role of indigenous communication in politics. The qualitative data, on the other hand, were transcribed and analysed, adopting the constant comparative technique and thematic approach. From the findings, young women participate more in politics. On age distribution, respondents were analysed and the result reveals that 40%, were between 26-35 years, only 8.2%, were over 55 years. The age distribution reveals that over 70% of the respondents were young women. Most of the respondents in this research were between 18 and 35. Recommendation were made among others that since young female participate more in politics, leaders in the community should devise more activities to promote the participation of young women and involve them in the preparation, organisation and evaluation of such activities.
Credit Risk Management: Implications on Bank Performance and Lending Growth
(Saudi J. Bus. Manag. Stud.; Vol-2, Iss-5B, 2017-05) Taiwo J. N.; Ucheaga E G.; Achugamonu Bede U.; Adetiloye K.; Okoye Lawrence U.; Agwu M. E.
This study is an empirical investigation into the quantitative effect of credit risk management on the performance of Nigeria’s Deposit Money Banks (DMBs) and Bank lending growth over the period of 17 years (1998- 2014). Secondary data for empirical analysis was obtained from CBN Statistical bulletin 2014 and World Bank (WDI) 2015. The study employed multiple linear regression model to analyze the time series data. The result showed that sound credit management strategies can boost investors and savers confidence in banks and lead to a growth in funds for loans and advances which leads to increased bank profitability.. The findings revealed that credit risk management has an insignificant impact on the growth of total loans and advances by Nigerian Deposit money banks. The study therefore recommends that DMBs in Nigeria should strictly adhere to their credit appraisal policies which ensures that only credit worthy borrowers have access to loanable funds. Banks are to ensure that funds are allocated to borrowers with decent to high credit ratings.
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
Chief financial officer roles and enterprise risk management: An empirical based study
(Heliyon, 2019) Ojeka Stephen A.; Adegboye Alex; Adegboye Kofo; Alabi Oluwaseyi; Afolabi Mosinmileoluwa; Iyoha Francis
This study investigates the influence of CFO roles on the implementation of ERM initiatives in a sample of Nigerian financial institutions (between 2013-2017). We develop three distinct factors representing the CFO roles namely CFO power, CFO experience and CFO knowledge using principal component factoring. Like prior work, we measure ERM components simultaneously to capture the extent of sophisticated ERM system. Our findings pose that the CFO involvement in ERM implementation remains minimal while the CRO is solely responsible for ERM implementation, which could undermine cost-benefit effectiveness. Our empirical evidence reports that the sophisticated ERM only promote the market evaluation while the accounting performance is undermined. The result then contravenes the expectation that effective ERM enhances accounting performance by mitigating risk exposure. While the sophisticated ERM is significantly positive with leverage, which reveals that ERM implementation does not necessarily reduce the firm risk. This indicates that the ERM implementation remains ineffective to mitigate risks, where the CFO involvement in the ERM initiative is limited. We then advocate that CFOs should be allowed to contribute strongly on some specific aspects of ERM initiatives namely identification and analysis of key risk indicators, the financial implication of risks and integration of ERM into traditional finance activities.
DOES CEOs POWER MODERATE THE EFFECT OF AUDIT COMMITTEE OBJECTIVITY ON FINANCIAL REPORTING QUALITY IN THE NIGERIAN BANKING SECTOR?
(Academy of Strategic Management Journal, 2019) Ojeka Stephen A.; Fakile Fakile; Iyoha Francis O.; Adegboye Alex; Olokoyo Felicia
This study empirically examined the impact of audit committee objectivity (contingent on CEO Power) on the quality of financial reporting in the Nigerian Banking Sector. The study adopted a survey research approach and secondary data extracted from financial statement. The OLS and LSDV analysis were used to investigate the impact of Audit Committee objectivity on the quality of financial reporting with or without CEO power and influence. The findings showed, that, while audit committee independence impact positively on the relevance and reliability of financial report, the same cannot be said when there was CEO power. CEO power in the audit committee mitigated the benefits of independence and caused its overall effects on financial reporting quality of no significant in terms of relevance and reliability. The study therefore recommended that having a majority of independent directors would increase the quality of board oversight, lessen the possibility of damaging conflicts of interest and helps to repose inventors’ confidence especially foreign investors that would invariably draft in FDI. This will align boards’ decisions with the interests of shareholders they represent. This will reduce significantly the ability of the CEO overbearing influence on the committee activities in ensuring financial reporting quality.
Board Expertise and Sustainability Reporting in Listed Banks in Nigeria
(2019) Umukoro O. E.; Uwuigbe O. R.; Uwuigbe U.; Adegboye Alex; Ajetunmobi O.; Nwaze C.
Despite the growing evidence on the determinants of sustainability reporting, there exist limited and inconclusive studies on the impact of board expertise on sustainability reporting. This study investigates the influence of environmentally sensitive, certified or educated board members on the disclosure of sustainability report. Based on the static panel data regression estimators for 10 Nigerian Deposit Money Banks over the period of 2014- 2016, the study revealed that highly educated directors have an altogether constructive influence on the sustainability report disclosure while controlling for corporate administration and firm-level qualities. In addition, we find that the executive and non-executive directors have low experience in environmental issues resulting in an insignificant effect on the disclosure of sustainability reporting. This paper suggests that firms should allow more directors with environmental background, who have a lower motivation to boost transient returns since they are likely to influence environmental performance
Chief financial officer roles and enterprise risk management: An empirical based study
(Heliyon, 2019) Ojeka Stephen A.; Adegboye Alex; Adegboye Kofo; Alabi Oluwaseyi; Afolabi Mosinmileoluwa; Iyoha Francis
This study investigates the influence of CFO roles on the implementation of ERM initiatives in a sample of Nigerian financial institutions (between 2013-2017). We develop three distinct factors representing the CFO roles namely CFO power, CFO experience and CFO knowledge using principal component factoring. Like prior work, we measure ERM components simultaneously to capture the extent of sophisticated ERM system. Our findings pose that the CFO involvement in ERM implementation remains minimal while the CRO is solely responsible for ERM implementation, which could undermine cost-benefit effectiveness. Our empirical evidence reports that the sophisticated ERM only promote the market evaluation while the accounting performance is undermined. The result then contravenes the expectation that effective ERM enhances accounting performance by mitigating risk exposure. While the sophisticated ERM is significantly positive with leverage, which reveals that ERM implementation does not necessarily reduce the firm risk. This indicates that the ERM implementation remains ineffective to mitigate risks, where the CFO involvement in the ERM initiative is limited. We then advocate that CFOs should be allowed to contribute strongly on some specific aspects of ERM initiatives namely identification and analysis of key risk indicators, the financial implication of risks and integration of ERM into traditional finance activities.
Institutions and the Challenges of Development in Africa
(Department of Sociology College of Business and Social Sciences Covenant University Ota, Ogun State, Nigeria, 2019) Onwuma, Anthony C.; George, Tayo O.
Africa's development and how it could be engendered has been the subject of scholarly interrogation for many decades. This finds expression in the many development policies fonnulated by African policy makers and political leaders to bail the continent out of the quagmire of underdevelopment. Painfolly, all the achieved results and success stories were disappointingly modest. This paper examines some key institutions such as Economic, Education and the political institutions. It concludes that weak institutions and the failure to fonnulate Afrocentric policies are the bane of development in the continent. Thus, the strengthening and repositioning of institutions in Africa will go a long way in ushering development in Africa.
“Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria”
(Problems and Perspectives in Management, Volume 17, 2019) Ozord, Emmanuel; Adetula, Dorcas; Elueya, Damilola Felix; Eluyela, Damilola Felix; Aina, Adenike; Ogabi, Mautin Arinola
Cash holding decision is a very crucial decision that strongly affects the performance of an organization. Corporate dynamism as a corporate governance tool was explored in this study in order to establish its relationship with cash holding decision in listed manufacturing companies in Nigeria. Board skill, female leadership, foreign directors, board ownership and directors’ compensation were used as proxies for corporate dyna mism. A panel regression model was adopted in this study to examine the implication of corporate dynamism on cash holding decisions spanning six years from 2012 to 2017. Random sampling technique was employed in order to arrive at thirty firms out of thirty-seven listed manufacturing firms, which comprised industrial and consumer goods sector. Board ownership and the existence of foreign expatriates were found to have a significant effect on cash holding decisions. It is concluded that directors with significant holdings tend to be more aggressive towards activities that enhance the performance of a firm, one of which is ensuring that optimal level of cash is held at a particular point in time in order to guide against liquidity problems, which may be caused by overtrading or even keeping excess idle cash, which is supposed to be invested in profitable ventures. Also, the fact that the existence of foreign expatriates will affect cash holding decisions, which may be justified by the fact foreign expatriates are displaying expertise because of diverse experience that they have been able to gain from different parts of the world.
Assessing the uniqueness of indigenous language in Adevertising: Analysis of Figurative Language Used in Selected Telecommunication Yoruba Advertisement in Nigeria
(African Languages and Society Commons, 2019) Oyesomi, Kehinde Opeyemi; Salawu, Abiodun
INDIGENOUS LANGUAGE AND MTN RADIO YORUBA ADVERTISEMENT: A STUDY OF ADULT RESIDENTS OF OLORUNDA COMMUNITY, IBADAN, OYO STATE, NIGERIA
(Ife Centre for Psychological Studies/Services, Nigeria, 2019) Oyesomi, Kehinde; Salawu, Abiodun
The use of indigenous language by companies in providing information and cognizance to people has become a necessity. It is therefore important to understand the effectiveness of the use of indigenous language in relating with people who reside in rural communities via radio as a means of communication through advertisements. The study therefore investigated the effectiveness of indigenous language of MTN Radio Yoruba advertisement in Olorunda community in Ibadan, Oyo state. The study made use of MTN because it is a non-indigenous company and also the leading telecommunication network provider in Nigeria. The study was anchored on the message learning theory. The survey design was used as the research method, questionnaire and interview guide were used as instruments for data collection. The population of the study was MTN subscribers that reside and work in Olorunda community. A sample size of 100 adult respondents was selected. An in-depth interview was conducted with the Trade Marketing Consultant of MTN, Ibadan. Findings revealed that 85.4% of the respondents are aware of MTN radio Yoruba advertisement. Findings also revealed that many of the respondents remember the feature of the advertisements. This study, therefore, recommended among others that Continuous research and evaluation would provide an edge in building and maintaining a relationship as organisations would be fully equipped with the community’s information and know how to relate with them. This way they would be part of the development of indigenous communities and would be fully aware of the evolvement of the people and the community as a whole.
Promoting female economic inclusion for tax performance in Sub-Saharan Africa
(Economic Analysis and Policy Volume 69 (Published byElsevier), 2020) Asongu A.; Adegboye Alex; Nnanna Joseph
This study explores whether female economic inclusion enhances tax performance in a sample of 48 countries in Sub-Saharan Africa from 2000 to 2018. The study’s empirical evidence is based on the generalized method of moments in order to account for endogeneity concerns. Three tax performance measurements are used, notably, total taxes revenue excluding social contributions, reported tax revenue derived from natural resources sources, and total non-resource tax revenue. Three female inclusion indicators are used, namely, female employment in industry, female labour force participation, and female employment. The following empirical evidences are documented; (i) There is a negative net effect from the enhancement of female employment in the industry on the total tax revenue. (ii) There is a positive net effect of female employment in the industry on the non-resource taxes. An extended threshold analysis is performed to establish the critical masses that could further influence tax performance positively. The following thresholds are established. (i) a minimum of 15.35 “employment in industry, female (% of female employment)” for the total tax revenue and (ii) a maximum of 23.75 “employment in industry, female (% of female employment)” for the non-resource tax revenue. These critical masses are crucial for sustainable development because, below or beyond these thresholds, policymakers should complement the female economic inclusion with other economic measures designed to improve tax performance in Sub-Saharan Africa.
THE FINANCIAL IMPACT OF COVID-19 ON POULTRY INDUSTRY IN NIGERIA
(European Journal of Accounting, Auditing and Finance Research Vol 8, 2020) Alawode, Olufemi
The covid-19 pandemic as declared by WHO in March 2020 is a game changer that introduced a “new normal” of every facet of life, every sector of the economy and every cluster of the population. The key indicators of business plan and continuity, government policies and security imopacting logistics have been affected and in all affecting the short-term survival rate of the poultry industry.The analysis revealed that all proxies of covid-19 indicators such as business plan and continuity, government policies and security impacting logistics have a significant positive effect on the financial health of the poultry industry (Adjusted R2= 0.949, F-statistics = 5.512 : p= 0.000<0.05). Thus, the research concluded that a well-managed Covid-19 indicators and proxies have a significant positive effect on the financial health of the poultry industry in Nigeria.
MANAGEMENT INFORMATION SYSTEM AND QUALITY OF CORPORATE REPORTING IN NIGERIA
(International Journal of Business and Management Review Vol.8,, 2020) Alawode, Olufemi Peter; Adegbie, Folajimi Festus
With the whole world now a global village with all wired via computer systems the business system environment is then dominated by computerised technology. The purpose of this paper was to examine the effect of management information system as a process for improving the key variants of organisation functions as it affects revenue, cost, data security and consequentially the organizational achievement of contributing to the stakeholders welfare.There is hardly any distinction in the utilisation of management information system from small to large organisations, it’s a function of birds nesting according to size and thus the review is taken from the statutory compliance, customer database management and the safety of the data involved including the hardware devices. Accounting information system and the operational information system combined with separate or integrated forecasting and reporting tool are essential components of information management and most critically the people that will operate the system. The research design was descriptive survey to study and observe the influence of management information system in organizational success in a competitive cyber-crime prone environment. The analysis revealed that all proxies of management information system such as general information system, production simulation system, reporting package, forecasting tool have a significant positive effect on the statutory reporting compliance (Adjusted R2= 0.945, F-statistics = 351.505. : p= 0.000<0.05). All proxies of management information system have a significant positive effect on customer relationship management (Adjusted R2= 0.847, F-statistics = 113.534.: p= 0.000<0.05). The result also shows all proxies of management information system have a positive effect on data storage and security (Adjusted R2= 0.935, F-statistics = 291.517.: p= 0.000<0.05). Thus, the study concluded that the proxies of management information system considered have a significant positive influence on the quality of corporate reporting.