College of Management and Social Sciences

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

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    IMPACT OF GREEN INNOVATION ADOPTION AS A COMPETITIVE STRATEGY ON SME PERFORMANCE IN OGUN STATE, NIGERIA
    (Covenant University, Ota, 2026-06) OSAYOMWANBO, Jouhua Osakpolor; Covenant University, Dissertation
    Small and medium-sized enterprises (SMEs) are the backbone of Nigeria’s economy, contributing significantly to employment and GDP, yet they face mounting environmental pressures, resource constraints, and competitive challenges. This study investigates the impact of green innovation adoption as a competitive strategy on SME performance in Ogun State, Nigeria’s primary industrial hub. The research examines whether green innovation (product, process, marketing, and organizational dimensions) enhances multi-dimensional performance (financial, operational, market, cost efficiency, and growth/sustainability) through the mediating role of competitive strategy (differentiation, cost leadership, focus, and strategic flexibility). A quantitative cross-sectional survey design was adopted, targeting 500 registered SMEs in manufacturing, agro-processing, construction, and selected services across key industrial clusters (Agbara, Sango-Ota, Mowe, Abeokuta). Data were collected using a structured questionnaire with 5-point Likert scales, adapted from validated instruments (Chen et al., 2006; Porter, 1985; Kaplan & Norton, 1996; Elkington, 1997). The sample was drawn through multi-stage sampling (purposive selection of LGAs, stratified by sector, simple random within strata). Analysis was conducted using SPSS 27 for descriptive statistics and SmartPLS 4 for PLS-SEM to test direct effects, mediation, and model fit. Findings indicate that green innovation adoption positively influences SME performance, with competitive strategy partially mediating the relationship. Process and organizational innovations show particularly strong effects on cost efficiency and operational performance, while product and marketing innovations drive market and financial outcomes. In Ogun’s high-pollution, high-cost industrial environment, green adoption strengthens resilience and competitiveness. The study recommends policy interventions (green finance, training, incentives) and cluster-level collaboration to accelerate adoption among Ogun SMEs. These insights contribute localized evidence to the literature and offer practical guidance for sustainable SME development in Nigeria’s industrial heartland.
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    SOCIAL MEDIA ADOPTION AND BUSINESS SUSTAINABILITY: A STUDY OF BORN-GLOBAL FASHION FIRMS IN NIGERIA
    (Covenant University, Ota, 2026-06) SANYAOLU, Florence Ayomide; Covenant University, Dissertation
    Nigerian born-global fashion firms increasingly rely on social media to reach international markets, yet many still struggle to convert high engagement into measurable, sustained business outcomes. Existing studies have largely examined social media's effect on business performance as a single outcome in developed-market contexts, leaving its relationship with business sustainability underexplored in emerging-market contexts. This study, therefore, investigated the influence of social media adoption on business sustainability among born-global fashion enterprises in the Lagos-Ogun State Nigeria. Social media adoption was assessed across four dimensions: Engagement and Community Building, Market Responsiveness and Agility, Influencer Leverage, and Platform Usage Intensity, while business sustainability was measured across Economic, Social, Environmental, and Operational dimensions, anchored on the Triple Bottom Line framework and Dynamic Capabilities Theory. A quantitative survey design was adopted, with structured questionnaires administered to 383 respondents drawn from born-global fashion entrepreneurs, designers, and social media managers in Lagos and Ogun States, and data were analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM) via SmartPLS 4. Findings revealed that all four social media adoption dimensions had a significant positive influence on business sustainability (p < 0.001), with Engagement and Community Building explaining between 22.2% and 33.2% of the variance across the four sustainability dimensions. The study concludes that strategic social media adoption is a foundational driver of long-term business sustainability for born-global fashion enterprises in Nigeria, with engagement quality and influencer accountability generating the greatest sustainability returns.
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    SOCIAL MEDIA ADOPTION AND BUSINESS SUSTAINABILITY: A STUDY OF BORN-GLOBAL FASHION FIRMS IN NIGERIA
    (Covenant University, Ota, 2026-06) Sanyaolu, Florence Ayomide; Covenant University, Dissertation
    Nigerian born-global fashion firms increasingly rely on social media to reach international markets, yet many still struggle to convert high engagement into measurable, sustained business outcomes. Existing studies have largely examined social media's effect on business performance as a single outcome in developed-market contexts, leaving its relationship with business sustainability underexplored in emerging-market contexts. This study, therefore, investigated the influence of social media adoption on business sustainability among born-global fashion enterprises in the Lagos-Ogun State Nigeria. Social media adoption was assessed across four dimensions: Engagement and Community Building, Market Responsiveness and Agility, Influencer Leverage, and Platform Usage Intensity, while business sustainability was measured across Economic, Social, Environmental, and Operational dimensions, anchored on the Triple Bottom Line framework and Dynamic Capabilities Theory. A quantitative survey design was adopted, with structured questionnaires administered to 383 respondents drawn from born-global fashion entrepreneurs, designers, and social media managers in Lagos and Ogun States, and data were analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM) via SmartPLS 4. Findings revealed that all four social media adoption dimensions had a significant positive influence on business sustainability (p < 0.001), with Engagement and Community Building explaining between 22.2% and 33.2% of the variance across the four sustainability dimensions. The study concludes that strategic social media adoption is a foundational driver of long-term business sustainability for born-global fashion enterprises in Nigeria, with engagement quality and influencer accountability generating the greatest sustainability returns.
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    INFLUENCE OF REMOTE WORK POLICIES ON EMPLOYEE ENGAGEMENT IN SELECTED TECHNOLOGY-DRIVEN ORGANIZATIONS IN LAGOS STATE, NIGERIA
    (Covenant University, Ota, 2026-06) UMEH, Ugochukwu David; Covenant University, Dissertation
    This study examined the influence of remote work policies on employee engagement in selected technology-driven organizations in Lagos State, Nigeria. The increasing adoption of remote and hybrid work arrangements has transformed traditional workplace structures, creating a need to understand how organizational remote work policies affect employee engagement outcomes. Specifically, the study investigated the effects of flexible work arrangements, digital communication support, remote performance management, and employee support policies on employee engagement.The study adopted a quantitative research design and utilized a structured questionnaire to collect data from employees working in selected technology-driven organizations in Lagos State. Data were analyzed using Structural Equation Modeling (SEM) through SmartPLS to examine the relationships between the study variables. Remote work policies served as the independent variable, while employee engagement, measured through affective, behavioral, and cognitive dimensions, served as the dependent variable.The findings revealed that remote work policies significantly influence employee engagement. Flexible work arrangements, effective digital communication support, remote performance management practices, and employee support policies were found to contribute positively to employees’ emotional attachment, behavioral involvement, and cognitive commitment to their work and organizations. The study concludes that wellstructured remote work policies are critical for enhancing employee engagement and sustaining organizational performance in technology-driven organizations.The study recommends that organizations strengthen remote work frameworks by promoting flexibility, improving digital communication systems, implementing effective virtual performance management practices, and enhancing employee support initiatives to foster higher levels of engagement.
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    GREEN RECRUITMENT AND SELECTION AS A STRATEGIC DRIVER OF TASK PERFORMANCE IN MANUFACTURING FIRMS: EVIDENCE FROM LAGOS OF NIGERIA
    (African Banking and Finance Review Journal (ABFRJ) International Open Access Journal Volume - 21 Issue – 8 |, 2026-08) Adeniji, Anthonia Adenike; Nwachukwu, Samuel Chinedu
    Manufacturing firms in developing economies face persistent challenges in aligning human resource practices with environmental sustainability objectives and operational performance targets. This study examines the effect of green recruitment and selection on task performance of selected manufacturing firms in Lagos, Nigeria. Grounded in the Ability–Motivation–Opportunity (AMO) Theory and Person–Organisation Fit Theory, a quantitative descriptive and explanatory survey design was adopted. Structured questionnaires were administered to 279 employees of Chi Limited and Seven-Up Bottling Company, with 247 usable responses retrieved, representing an 86.7 percent response rate. Data were analysed using descriptive statistics and simple linear regression analysis. Results revealed that green recruitment and selection significantly and positively predicted task performance (R = 0.452, R² = 0.204, F = 71.042, β = 0.452, p < 0.05). The findings demonstrate that organisations that embed environmental values and sustainability competencies into their hiring processes cultivate a workforce characterised by stronger role alignment, higher task effectiveness, and greater commitment to organisational performance standards. The study contributes to the growing body of GHRM literature within the African manufacturing context and offers practical guidance for HR managers, sustainability practitioners, and policymakers seeking to leverage recruitment as a strategic tool for improving both environmental and performance outcomes.
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    EFFECTS OF MONETARY POLICY AND DETERMINANTS OF BALANCE OF PAYMENT ON ECONOMIC GROWTH IN NIGERIA
    (Covenant University, Ota, 2026-08) SAMUEL, Tolowani Lois; Covenant University, Dissertation
    Nigeria's macroeconomic landscape has been characterised by persistent balance of payments pressures, exchange rate volatility, weak monetary policy transmission, and sluggish economic growth, challenges that have intensified the policy debate on the appropriate role of monetary policy and external sector management in driving sustainable long-run economic growth. Against this backdrop, this study examined the effects of monetary policy and the determinants of balance of payments on economic growth in Nigeria over the period 1986 to 2024, with four specific objectives: to ascertain the key determinants of the balance of payments in Nigeria; to assess the impact of balance of payments determinants on economic growth; to determine the impact of monetary policy on economic growth; and to examine the interaction effect of the monetary policy rate and the real exchange rate on economic growth. The study employed the Autoregressive Distributed Lag (ARDL) Bounds Testing Approach developed by Pesaran, Shin and Smith (2001) across three econometric models. The key findings revealed that oil price is the dominant long-run determinant of Nigeria's balance of payments, with a positive and significant coefficient of 35.829 (p = 0.0006), while broad money supply exerted a significant negative long-run effect on the current account balance with a coefficient of -1.156 (p = 0.0033). Real exchange rate depreciation also worsened the current account balance in the long run with a coefficient of -0.014 (p = 0.0272). With respect to economic growth, trade openness emerged as the strongest positive long-run growth driver with a coefficient of 0.797 (p = 0.0000), while oil price exerted a counterintuitive negative long-run effect on growth with a coefficient of -2.150 (p = 0.0000). The monetary policy rate exerted a significant negative long-run effect on economic growth with a coefficient of -0.031 (p = 0.0019). Most significantly, the interaction term between the monetary policy rate and the real exchange rate (MPR×REXR) returned a negative and highly significant long-run coefficient of - 0.328 (p = 0.0000), establishing that the simultaneous pursuit of monetary tightening and exchange rate depreciation generates compounded contractionary effects on Nigerian economic growth that are substantially more damaging than either force acting independently. The study concludes that Nigeria’s growth is constrained by oil dependence, import intensity, and the compounded contractionary effect of monetary tightening and exchange rate depreciation. The study recommends export diversification, targeted monetary management, and stronger coordination of monetary and exchange rate policies.
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    EFFECT OF TAX REFROMS ON REVENUE GENERATION IN NIGERIA
    (Covenant University, Ota, 2026-07) EBONG, Favour Emmanuel; Covenant University, Dissertation
    Despite successive tax reforms in Nigeria since 2007, the country’s tax-to-GDP ratio has remained persistently low compared to global benchmarks for developing economies. This raises questions about the effectiveness of these reform regimes in improving revenue mobilization. This study assessed the effect of recent tax reforms on revenue generation in Nigeria. It focused on all tax reforms between 2007 to 2025. The study adopted an ex-post facto research design using data from the Nigeria Revenue Service, CBN Statistical Bulletin and National Bureau of Statistics. Data were analysed using descriptive statistics and the Autoregressive Distributed Lag (ARDL) bounds testing approach through EViews 10 to capture both short-run and long-run dynamics. The findings revealed that tax reforms do not have a significant impact on tax-to-GDP ratio, tax reforms do not have a significant effect on tax revenue, tax reforms do not have a significant effect on non-oil revenue growth, and the effectiveness of tax reform regimes does not significantly differ during the study period. The study concluded that there is no significant difference in the effectiveness of tax reform regimes on revenue generation in Nigeria between 2007 and 2025. The study concludes that frequent legislative changes have failed to translate into improved revenue outcomes due to underlying structural weaknesses.
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    ASSESSMENT OF THE IMPACT OF CENTRAL BANK OF NIGERIA AGRICULTURAL INTERVENTION FUNDS ON ECONOMIC GROWTH IN NIGERIA
    (Covenant University, Ota, 2026-08) Emmanuel, Abimbola Iyanu; Covenant University Dissertation
    This research examined the nexus between the various Central Bank of Nigeria (CBN) intervention funds in the agricultural sector and the economic growth of Nigeria. The study specifically examined the effects of Interest Drawback (IDB), Agricultural Credit Guarantee Scheme Fund (ACGSF) Anchors Borrowers Program (ABP), Nigerian Incentive-Based Risk sharing System for Agricultural Lending (NIRSAL), AND Financial Inclusion on Nigeria’s Economic Growth. Secondary data from 1995 to 2024, sourced from the CBN Bulletin, NIRSAL Website, National Bureau of Statistics, and Federal Ministry of Finance Website, was utilized for the study. The data were analysed using the Autoregressive Distributed Lag (ARDL) Model. The ARDL results revealed the existence of a long-run equilibrium relationship among the variables. IDB, ACGSF, ABP, NIRSAL, and Financial Inclusion exerted positive and statistically significant effects on GDP in the long run. The CBN should strengthen and expand agricultural intervention programmes while improving monitoring and evaluation mechanisms to enhance their contribution to economic growth.
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    Artificial intelligence and automation as drivers of market expansion in Nigeria’s fintech sector: A systematic review
    (International Journal of Intellectual Discourse (IJID) Volume 9, Issue 1., 2026-03) Adesanya, Oluwatoyin Deborah; OWOLOYE, BRIGHT ODUNAYO; Obiukwu, Ferdinand
    This study systematically reviews the literature on the role of artificial intelligence (AI) and automation in expanding the market reach of fintech services in Nigeria. Guided by PRISMA 2020, the review covered literature published between 2015 and 2026 and used keyword combinations built around “artificial intelligence”, “automation”, “fintech”, “Nigeria”, “Sub-Saharan Africa”, “market expansion”, “trust”, “risk management”, and “financial inclusion”. A targeted retrieval strategy was applied across Google Scholar, ScienceDirect, SpringerLink, Taylor & Francis Online, and official publications of the Central Bank of Nigeria, the World Bank, OECD, and the Financial Stability Board. Eighty records were captured; 37 duplicate or alternate records were removed; 43 unique records were screened by title and abstract; 19 full texts were assessed for eligibility; and 16 records met the inclusion criteria for the final synthesis. The review shows that AI and automation support market expansion through three interrelated pathways: operational efficiency and decision quality, stronger transparency and risk management, and improved inclusion when supported by infrastructure, literacy, and governance. Results from individual studies indicate that fraud detection, credit scoring, onboarding automation, and compliance support can strengthen risk management and service reliability, while trust, privacy, and security concerns continue to shape adoption. The study concludes that AI and automation are best understood as enablers of trustworthy scale rather than automatic drivers of growth. Their market effects depend on governance quality, user confidence, and supportive digital infrastructure.
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    Renewable Energy Financing and Sustainable Industrial Development in Nigeria
    (International Journal of Energy Economics a nd Policy 12(4), 2022) Asemota, Franklin Famous; Olokoyo, Felicia O.
    Due to the inability of renewable and non-renewable sources of energy to meet the ever-increasing industrial energy need in Nigeria, there is therefore need to explore various financing option available to execute renewable energy project that will contribute to the energy basket which will sustainably impact industrial development in Nigeria. Obtaining secondary data from World development indicator from 1980 to 2021, the study utilized the auto regressive distributed lag method to estimate the long run impact of renewable energy financing and sustainable industrial development in Nigeria. The findings reveal that the use of external debt for financing renewable energy as well the use of energy from Combustible waste source and alternate nuclear source significantly and positively determines the development of the industrial sector in Nigeria. While the use of taxation and donation to fund renewable energy as well as the use of energy source from hydroelectric were not contributing significantly to sustainable industrial development in Nigeria. The study further recommends that relevant framework that will make investment in renewable energy as well as the utilization of renewable energy to be attractive to various stakeholders in Nigeria should be established. The underlying downside risk in renewable energy utilization and financing must be address so as to mobilize sufficient private sector investment needed to drive sustainable industrial development in Nigeria.