College of Management and Social Sciences

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Start date: 2020Subject: search.filters.subject.Nigeria

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    Awareness and Utilisation of Natural and Mineral Resources in Selected Communities of Southwest Rural Communities of Nigeria
    (SAGE Open, 2024) Olonade, Olawale Y.; George, Tayo O.; Rhodes-Ebetaleye, Julius; Imhonopi, David
    Nigeria is often described as a land flowing with milk and honey in reflection of the rich endowment of natural and mineral resources embedded in the country. Sadly, few of its people have benefited from these abundant resources as a large percent age of its population remains poor, particularly in rural areas. Hence, this present study assessed the awareness and utilisation of the natural and mineral resources in 24 selected southwest rural communities. The study adopts the mixed method to eli cit responses from rural and urban respondents in four of Nigeria’s southwest states. Findings from the study revealed a high level of awareness of available resources in rural communities but gross underutilisation of the resources. The study con cludes that the available resources in the southwest rural communities if tapped into, could transform the rural economy and ameliorate the level of underdevelopment in those areas. The study recommends that the government at all levels needs to recognise the rural areas as the fulcrum of national economic development and should be given utmost priority regarding infrastructural provisions and adequate funding
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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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    Agricultural financing to guarantee food safety in an emerging nation: a case study of Nigeria
    (Vilnius Gediminas Technical University, 2022) Omodero, Cordelia Onyinyechi; Ehikioya, Benjamin Ighodalo
    Summary/Abstract: Investment in agriculture is very crucial in the present situation of Nigeria. The effort to overcome food insecurity can only be efficacious if steps in the right direction will be taken. At this juncture in the Nigerian economic history, the right step to take is to adequately finance agriculture in order to ensure sufficient food production and safety that will save the future of the country. This study emphasizes on investment in agriculture to guarantee food security in Nigeria. Several other studies focus on the numerous challenges food production in Nigeria suffer, however, it is important to come to a conclusion that agriculture requires huge financial investment to thrive. This study examines the impact of agricultural financing and output on food production using data from 2007−2019. The regression result reveals that agricultural output is significant and positive in affecting food production and safety but agricultural financing is immaterial in guaranteeing sufficient food production in the country. This result gives evidence that investment in the agricultural sector will be the solution to food insecurity in Nigeria. The government is by this study encouraged to increase the budget on agriculture in order to boost food supply and safety in the country
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    Agricultural Revamping via Major Capital Outlay the Antidote to Food Insecurity Challenges in Nigeria
    (Academy of Entrepreneurship Journal, 2020) Omodero, Cordelia Onyinyechi; Adetula, Dorcas; Iyoha, Francis Odianonsen
    Food insecurity in Nigeria has necessitated this study which emphasizes agricultural revamping as the antidote to the prevailing circumstance of food crisis in the country. This study draws the attention of the present administration to the urgent need for significant capital investment in agriculture as a means to proffer a permanent solution to food insecurity in Nigeria. This study employs literature review approach and discovers that the factors impeding food safety in Nigeria include farmers' lack of access to the credit facility, insufficient farmlands, security threat on farmers and farmers’ lack of education. However, relevant econometric techniques and statistical tools are specifically applied to examine the impact of government expenditure and agricultural output on food safety using a secondary source of data spanning from 2008 -2019. From the findings of this study, agricultural output has a considerable influence on food safety, but government expenditure on agriculture is yet to gain momentum in affecting adequate food production in the country. Thus, this study concludes that there is an urgent need for the government to invest significantly in agriculture which serves as an antidote to food security challenges in Nigeria.
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    Inflation Adjustment Dynamics Under Fixed and Managed Flexible Exchange Rate Regimes in Nigeria: Nonlinear Autoregressive Distributed Lag (Nardl) Models
    (Journal of Economics & Management Research, 2025) Adeyemi, Gbenga; Nwobodo, Helen; Alawode, Olufemi Peter
    T his study investigates the dynamics of inflation adjustment under fixed and managed flexible exchange rate regimes in Nigeria. Using quarterly secondary data, the analysis spans 1981–1986 for the fixed exchange rate period and 1987–2023 for the managed flexible exchange rate period. The dependent variable is the consumer price index (CPI), while the independent variables include the nominal exchange rate (NEXRT), fixed and managed flexible exchange rates, and real gross domestic product (RGDP). Economic challenges, such as the Central Bank of Nigeria's (CBN) inability to maintain a fixed exchange rate due to declining foreign exchange reserves and rising demand for dollars, prompted the shift to a managed exchange rate regime. The ADF and PP unit root tests reveal that CPI is stationary at level (I(0)), while NEXRT and RGDP are stationary after first differencing (I(1)). The ARDL bounds test confirms a long-run relationship among the variables, indicating co-integration. Employing the NARDL model, the findings reveal that under the fixed exchange rate regime, short-run disequilibria are corrected by 53% in the long run, with statistical significance (p = 0.0008). For the managed flexible exchange rate regime, deviations are corrected by 85% in the long run, also statistically significant (p = 0.0000). The study recommends that monetary authorities enhance dollar availability to support policy objectives and curb inflationary pressures
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    ENVIRONMENTAL ACCOUNTING AND REPORTING PRACTICES: SIGNIFICANCE AND ISSUES AND JOURNEY AHEAD IN NIGERIA CORPORATE ORGANISATION
    (European Journal of Accounting, Auditing and Finance Research Vol.8, 2020) Alawode, Olufemi Peter; Adegbie, Folajimi Festus
    Environmental accounting and reporting practices as an emerging trending issue is dynamically fruitful to the fulfilment of the yearnings and aspirations of the key stakeholders in the corporate set up. It introduces transparency and accountability particularly in the area of resources management more so with natural resources. It involves the identification, measuring and controlling of costs, liabilities and consequentially assets that may be affected in the course of ordinary business and it encompasses sustainability reporting as well. A combination of primary and secondary data revealed that environmental accounting is still at infancy and the need for an implementation roadmap backed by the necessary statutes will be desired to ensure that all the accruable benefits of environmental accounting and reporting are enjoyed.
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    RIPPLES OF INEQUITY: GENDERED CURRENTS IN NIGERIA’S WATER AND SANITATION SECTOR
    (RIPPLES OF INEQUITY: GENDERED CURRENTS IN NIGERIA’S WATER AND SANITATION SECTOR, 2025) George, Tayo O.; Oku, Arit; Oladipo, Funke C.; Odiboh , Oscar O.
    The need to improve gender access to water and sanitation in Africa has elicited a lot of discussions and scholarly research in developing countries worldwide. Women's rights activists and other concerned stakeholders have argued for the gender’s increased access and control over water and sanitation. This chapter examines the relationship between the ripples of gender inequity in Nigeria’s water and sanitation sector of the environmental space. The study highlights the impacts of discrimination against women concerning access and control in the critical water sector and the ripple effects on sanitation for a healthier family and society. It identifies the gaps and challenges in women’s access to water and sanitation. It seeks ways of strengthening women’s rights to water and sanitation; achieving the possible benchmark in the context of seven United Nations Sustainable Development Goals (SDGs), especially SDG 6 which focuses on clean water and sanitation by ensuring water and sanitation for all is available and sustainable. The study relied on secondary data sources and the review of extant literature on major sub-themes of gender access to water and sanitation, the situation analysis, regional disparities, and challenges in the sector for improved access in the sector. It concludes by providing recommendations on how to promote policies, dialogue, advocacy, partnerships, and capacity building to support gender access to water and good sanitation practices. Keywords: Water, Sanitation, Health, Gender, Sustainable, Nigeria
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    RIPPLES OF INEQUITY: GENDERED CURRENTS IN NIGERIA’S WATER AND SANITATION SECTOR
    (Obafemi Awolowo University Press Ile-lfe, Nigeria., 2024) George, Tayo O.; Oku, Arit; Oladipo, Funke C.; Odiboh, Oscar O.
    The need to improve gender access to water and sanitation in Africa has elicited a lot of discussions and scholarly research in developing countries worldwide. Women's rights activists and other concerned stakeholders have argued for the gender’s increased access and control over water and sanitation. This chapter examines the relationship between the ripples of gender inequity in Nigeria’s water and sanitation sector of the environmental space. The study highlights the impacts of discrimination against women concerning access and control in the critical water sector and the ripple effects on sanitation for a healthier family and society. It identifies the gaps and challenges in women’s access to water and sanitation. It seeks ways of strengthening women’s rights to water and sanitation; achieving the possible benchmark in the context of seven United Nations Sustainable Development Goals (SDGs), especially SDG 6 which focuses on clean water and sanitation by ensuring water and sanitation for all is available and sustainable. The study relied on secondary data sources and the review of extant literature on major sub-themes of gender access to water and sanitation, the situation analysis, regional disparities, and challenges in the sector for improved access in the sector. It concludes by providing recommendations on how to promote policies, dialogue, advocacy, partnerships, and capacity building to support gender access to water and good sanitation practices.
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    RIPPLES OF INEQUITY: GENDERED CURRENTS IN NIGERIA’S WATER AND SANITATION SECTOR
    (Obafemi Awolowo University Press, Ile-Ife, Nigeria, 2024) George, Tayo O.; Oku, Arit; Oladipo, Funke C.; Odiboh, Oscar O.
    The need to improve gender access to water and sanitation in Africa has elicited a lot of discussions and scholarly research in developing countries worldwide. Women's rights activists and other concerned stakeholders have argued for the gender’s increased access and control over water and sanitation. This chapter examines the relationship between the ripples of gender inequity in Nigeria’s water and sanitation sector of the environmental space. The study highlights the impacts of discrimination against women concerning access and control in the critical water sector and the ripple effects on sanitation for a healthier family and society. It identifies the gaps and challenges in women’s access to water and sanitation. It seeks ways of strengthening women’s rights to water and sanitation; achieving the possible benchmark in the context of seven United Nations Sustainable Development Goals (SDGs), especially SDG 6 which focuses on clean water and sanitation by ensuring water and sanitation for all is available and sustainable. The study relied on secondary data sources and the review of extant literature on major sub-themes of gender access to water and sanitation, the situation analysis, regional disparities, and challenges in the sector for improved access in the sector. It concludes by providing recommendations on how to promote policies, dialogue, advocacy, partnerships, and capacity building to support gender access to water and good sanitation practices.
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    EFFECT OF WORKING CAPITAL MANAGEMENT ON THE PROFITABILITY OF QUOTED FOOD MANUFACTURING COMPANIES IN NIGERIA
    (Covenant University Ota, 2025-03) AGBONKHEHI OLIVE OSEIWE; Covenant University Disssertation
    This study explored the Effect of Working Capital Management on the profitability of quoted food manufacturing corporations in Nigeria. Specifically, it examined the effects of the Current Ratio, Inventory Turnover Ratio, Cash Conversion Cycle, and Average Payment Period on the profitability of food manufacturing companies in Nigeria. The study employed an ex post facto research design. It utilized various econometric techniques, including panel unit root and cointegration tests, pooled OLS, fixed and random effects models, and the Hausman test. The findings revealed a significant relationship between the Cash Conversion Cycle and Return on Assets, suggesting that a longer Cash Conversion Cycle may improve asset returns. However, CCC had an insignificant relationship with the Net Profit Margin (NPM). Conversely, the Average Payment Period (APP) negatively affected NPM, indicating that delayed payments can harm profit margins, although it did not significantly influence Return on Assets. The rate of inventory turnover and the short-term liquidity metric showed no significant relationship with the Return on Assets. Inventory Turnover Ratio (ITR) also negatively affected Net Profit Margin, suggesting that higher turnover may reduce margins due to potential inefficiencies. The Hausman test favoured the Random Effects Model as the most efficient estimation method. The study concluded that optimizing the Cash Conversion Cycle and Average Payment Period is crucial for enhancing profitability. In contrast, the impact of the current ratio and inventory turnover ratio on profitability is insignificant. Based on these findings, the study recommends that policymakers incentivize efficient liquidity practices, promote timely payments, support advanced inventory management, and encourage strategic partnerships. Companies are also advised to optimize their Cash Conversion Cycle by closely monitoring inventory, receivables, and payables, reconsider payment arrangements, improve inventory management, and optimize asset utilization to enhance profitability.