College of Management and Social Sciences

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Author: search.filters.author.Adesina, Tolulope

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    Monetary Policy Rate And Poverty Reduction In Nigeria: The Role Of Microfinance Banks
    (Jurnal Akuntansi dan Bisnis : Jurnal Program Studi Akuntansi., 2025) Adesina, Tolulope; Makinde, Damilola Ayomiposi; Omankhanlen, Alexander Ehimare
    Poverty remains a major socio-economic challenge in Nigeria, despite the expansion of microfinance banking aimed at enhancing credit access for low-income groups. However, the effectiveness of microfinance banks (MFBs) in reducing poverty is increasingly shaped by macroeconomic conditions, particularly the Monetary Policy Rate (MPR), which sets benchmark interest rates across the financial system. High MPRs raise borrowing costs, making loans less affordable for the poor and small-scale entrepreneurs who depend on MFBs for credit. This study investigates the impact of changes in the MPR on poverty reduction in Nigeria, focusing on how monetary policy influences the lending capacity of microfinance institutions. The study is theoretically grounded primarily in the Keynesian Theory of Interest Rate and Investment and the Monetary Transmission Mechanism Theory, which explain how changes in interest rates influence investment and credit flows in the economy. The Credit Rationing Theory further informs understanding of how lending constraints affect credit availability for low-income borrowers. A quantitative approach is adopted, using quarterly time-series data from 2008 to 2023. The Johansen Cointegration Test and Vector Error Correction Model (VECM) are employed to examine both long-run and short-run relationships among key variables. Results show that a 1% increase in MPR leads to an estimated 0.48 percentage point rise in the national poverty rate. In contrast, increases in the loan-to-deposit ratio and capital adequacy ratio of MFBs are associated with reductions in poverty levels. The study concludes that monetary policy decisions significantly affect poverty outcomes through their influence on microfinance operations. It recommends that policymakers adopt inclusive monetary strategies that support affordable microcredit, while maintaining macroeconomic stability, to enhance financial inclusion and reduce poverty.
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    Knowledge, Attitude, and Perception of Health and Non-Healthcare Workers Towards COVID-19 Vaccination: Machine Learning Approach
    (2022) Adesina, Tolulope
    There have been concerns globally as to whether taking COVID-19 vaccination is harmful or not. In this study, we conducted an online survey to measure the knowledge and attitude of people, first about COVID-19, and second about COVID-19 vaccination—various analyses such as descriptive statistics, logistic regression, and support vector regression with k-fold cross-validation. The support vector machine and tuned support vector machine suggest a better fit based on cross-validation error. The results show that immigration requirements significantly explain why an individual would accept the COVID-19 vaccine. This study suggests that people in authority should look into people's concerns regarding taking the COVID-19 vaccine and address them accordingly. The study aims to draw the attention of the people to the concern that surrounds taking COVID-19 vaccination and explored various statistical techniques to draw inference.
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    IMPACT OF INFLATION AND EXCHANGE RATES ON FINANCIAL PERFORMANCE OF CONSUMER GOODS SECTOR OF THE CAPITAL MARKET IN NIGERIA
    (IAEME publication, 2025) Adesina, Tolulope; Areghan, Isibor; Omankhanlen, A. E.; Odukoya, Olusoji; Ogunwale, Olurotimi; Ayoade, Olumayowa Vincent
    This study assesses the impact of inflation and exchange rate on the financial performance of consumer goods sector of Capital market in Nigeria. The study uses purposive sampling technique and elimination method to determine the considered consumer goods companies in Nigeria Capital market over a period of 2012-2023 and analyzed the impact of inflation and exchange rate on the financial performance of these companies measured by earnings per share as the indicator. Regression analysis was used to analyze the data. The result specifically shows that there is inverse relationship between fluctuations in inflation rate, exchange rate and the financial performance of consumer goods sector in the capital market in Nigeria.. The study recommends implementation of price stability programme to regulate inflation and adjustment of exchange rate stabilization policy to reduce import costs and improve the bottom line profitability of the consumer goods companies in Nigeria Capital market.
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    E-BANKING CHANNEL TRANSACTION COST AND FINANCIAL INCLUSION IN NIGERIA
    (African Banking and Finance Review Journal, 2025) Adesina, Tolulope; Akinboni, B. Glory
    This study examined the impact of e-banking transactions costs on financial inclusion in Nigeria between 2014Q1-2024Q1. Data were sourced from Central Bank of Nigerian statistical bulletin and the National Bureau of Statistics and analyses were conducted using OLS regression, Johansen cointegration, and Granger causality to evaluate short- and long-run dynamics. The findings revealed that the ATM and debit card prices had detrimental impact on financial inclusion and discouraged usage among low-income patrons, whereas POS, mobile payments, and web-based banking had positive impact that was highly significant, highlighting their contribution to deepening access to financial services. Long-run cointegration indicated that there was a stable relationship between financial inclusion and transaction costs and as a result of the causality findings, most digital channels had bidirectional causality with financial inclusion. The study concludes that while digital innovations contribute to financial inclusion, rising costs have the tendency to reverse the positive effects, thereby frustrating the efforts of achieving the goals of Nigerian monetary authorities in 2030. The study recommended reforms in pricing, cost-effective infrastructure, greater agent networks and tougher competition between providers to ensure affordability and sustainability
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    Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria
    (Science Publishing Group, 2025) Adesina, Tolulope; Okoh, Jude Idemudia; Areghan, Isibor; Olokoyo, Felicia; Ehikioya, Benjamin; Adegboye, Folasade; Omoyin, Taiwo
    The issue of bank failure due to low level of liquidity has been an age-long challenge bedeviling the Nigerian banking sector. Hence, this study examined the linkage between money market and the liquidity of some selected quoted banks in Nigeria. Specifically, the study assessed the impact of deposit money banks’ working capital on savings deposits in Nigeria, and it also investigated how the interbank call rate influences monetary policy rate in Nigeria. The research used secondary data from 2014 till 2023 of five (5) selected banks including First Bank PLC, Guaranteed Trust Bank, Zenith Bank, United Bank for Africa PLC, and Access Bank PLC for its analyses. Findings showed that, first, there was a significant and positive relationship between savings deposit rates and working capital, and secondly, monetary policy rate does not have a statistically significant impact on the interbank call rate. The study thus recommended that as savings depo sit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions. The study further recommended that understanding the differential impact of various financial indicators on bank liquidity can help policymakers design more targeted and effective monetary policies. For instance, if savings deposit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions.
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    Financial System Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks' Performance: An Empirical Investigation
    (WSEAS TRANSACTIONS on SYSTEMS and CONTROL, 2020) Olokoyo, Felicia O.; Isibor, Areghan; Adegboye, Folasade; Adesina, Tolulope; Osuma, Godswill; Adebayo, Mercy