| 1 |
Author(s):
Dr. Ahmed Gharira .
Page No : 1-17
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Agricultural Productivity in the Country Will Have a Good Future
Abstract
In relation to food security, there are some vital elements that have maximal impact on the food supply such as the obtainability, right to use and stability. It is one of the major tasks to reduce the issues linked with it and in the existing paper, the information is gathered about agricultural productivity, a set of various tools for measuring productivity in the agricultural sector and also the importance of agricultural productivity.
| 2 |
Author(s):
E.E. Okwor, V.O. Agbachi, D. Eneaniofu.
Page No : 18-33
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Financing Economic Growth and Development in Sub-Saharan Africa (1981–2021)
Abstract
The aim of this paper is to explore the relationship between financing growth and development using panel data, Auto regressive distributed lag model (ARDL) analysis in 31 selected high income sub-Saharan African countries for the period of 40 years from 1981 to 2021. The sampled countries were based on their average GDP growth rate over the years under study. The study used ex post-facto and analytical research design. The Gross Domestic Per Capita Growth (GDPPCG) served as the dependent variable while Domestic Credit to Private Sector by Banks (DCPSB), Bank Liquidity Reserve to Bank Assets Ratio (BLR) and Gross Domestic Savings (GDS) were used as the independent variables. The inflation rate served as the control variable. Using the bound test proposed by Pesaran, Shin, and Smith in 2001 (and long & short run causality approaches), the long-run association was estimated. The ARDL model's findings show that financial development has a favorable and considerable influence on economic growth in sub-Saharan African high-income nations. The study suggests implementing a financial inclusion approach to increase financial institution accessibility to households, particularly the unbanked in rural areas.
| 3 |
Author(s):
Okon E. A., Eke A. F., Morgan M. O..
Page No : 34-41
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Inflation Theory: A Theoretical Review of Demand-Pull and Cost-Push Inflation Effect on Nigeria Economy
Abstract
Inflation has become a pressing issue in Nigeria, affecting the cost of living and infrastructure development. Despite tight fiscal and monetary measures, inflation continued to rise at unprecedented rates in Nigeria. The present seminar paper aims to provide insight into the theoretical understanding of Demand-pull and Cost-push inflation and explore its causes and effects on the economy and individuals. Using the Desk research method, the researcher explores empirical data from 33 published articles for the study. The empirical literature reviewed found that Demand-pull and cost-push inflation are different and have different causes and effects on individuals and the National economy. It was found that Demand-pull inflation is driven by excess demand, leading to higher prices, while Cost-push inflation is caused by increased production costs, which result in higher prices. It was concluded that Inflation is a complex economic phenomenon that significantly impacts individuals and businesses. Understanding the differences between demand-pull and cost-push inflation is essential for policymakers and economists in formulating strategies to combat inflation and maintain a stable economy. The researcher recommended, amongst others, that developing appropriate policies and addressing the root causes of inflation make it possible to mitigate inflation effects and promote sustainable economic growth.
| 4 |
Author(s):
Emwinloghosa Kenneth Guobadia, Pamela Owamagbe Omoruyi, Paschal Nnamdi Izuogu, Eloho Sophia Omodio, Agu Chidera.
Page No : 42-53
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Modeling and Forecasting Inflation in Nigeria: A Time Series Regression with ARIMA Method
Abstract
This study uses time series regression with autoregressive integrated moving average (ARIMA) modeling to establish a model for forecasting inflation in Nigeria for the period 1981-2020. Akaike Information Criterion Corrected (AICC) and Bayesian Information Criterion (BIC) were used to select the best model among competing models. Through these methods, regression with ARIMA (0,0,1) error was selected as the most parsimonious model for inflation forecasting in Nigeria. The results of the out-sample-forecast show that a high inflation rate will be experienced by the end of 2023, and between 2024 and 2030, the inflation rate will be alternating but will maintain a lower rate than that of 2023.
| 5 |
Author(s):
Bolatito Oluwajinmi, Olukayode Longe (Ph.D).
Page No : 54-71
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Total Quality Management and Corporate Sustainability of Food and Beverage Companies in Lagos State, Nigeria
Abstract
The contemporary business environment requires that organizations maintain their business growth by producing products or services that constantly meet the yearnings and expectations of their customers. Corporate sustainability is one of the most challenging issues in big organizations, which constitutes a great concern to management and the importance of total quality management is considered to be a vital driver of sustainability. This study examined Total Quality Management and Corporate Sustainability of Food and Beverage Companies in Lagos State, Nigeria. The study adopted a descriptive research design. A sample of 400 employees was selected by using Taro Yammane statistical formula through stratified random sampling technique. Employees were categorized into three non-overlapping cadres of management, senior staff and the junior cadre. The criterion for inclusion into the sample was restricted to five years and above as organizational tenure. The research instrument employed for the study was survey, i.e., questionnaire. Data collected were analysed using both descriptive and inferential statistics. The study tested two hypotheses and findings revealed a positive significant effect between total quality management and corporate sustainability, while customer focus also has a positive effect on corporate social responsibility. The study concluded that successfully managed total quality management practices could ensure business growth and continuity in the context of potentially better customer satisfaction and performance optimization.
| 6 |
Author(s):
Anugwom Chinenye Georgina.
Page No : 72-88
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Greenhouse Gas Emissions and Health Outcomes in Nigeria
Abstract
This study examined the impact of greenhouse gas emissions on health outcomes in Nigeria covering the period 1990-2021. Data for the study were extracted from the Central Bank of Nigeria (CBN) statistical bulletin and the World Development Index (WDI) 2021.The data are health outcome (life expectancy, greenhouse gas emissions, population and inflation rate). The method of data analysis used is the linear regression with the application of the Vector Error Correction Model (VECM) and the Granger causality statistics. The major findings of the study reveal that Greenhouse gas emissions negatively impact health outcomes in Nigeria and there is a uni-directional granger causality between greenhouse gas emissions and health outcomes in Nigeria. It is therefore the recommendation of the study that more resources should be channeled for research aimed at developing alternatives to greenhouse gas emissions and there is need to carry out a massive reform in our health sector. This reform should include setting up a special committee that ensures any allocated fund to the health-sector is adequately utilized.
| 7 |
Author(s):
Glory Sunday Etim, Edim Eka James, Justina Ekom Ekong, Dere Olajide Jemil.
Page No : 89-112
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Information and Communication Technologies (ICT) and Performance of Micro, Small and Medium Enterprises (MSMEs) in Nigeria
Abstract
The study examined the causality between ICT utilization and the performance of MSMEs in Nigeria, in terms of market visibility, marketing effectiveness and business survivability. Cross-sectional research design was adopted. Using a structured questionnaire, we obtained primary data from 337 operators of MSMEs. The data obtained were descriptively analyzed and interpreted, whereas the hypotheses of the study were tested using regression analysis. The study found that ICT utilization had a significant positive effect on the performance of MSMEs in Nigeria. Specifically, the findings showed that the utilization of ICT tools by operators of MSMEs in Nigeria had the capacity to substantially improve their performance by enhancing market visibility, marketing effectiveness and business survivability. The insights of the study can be useful in providing definitive evidence for operators of MSMEs in developing countries to realize the enormous potential of ICT and its capacity to bolster corporate performance in an ever-more dynamic business environment marked by technological uncertainty, and competition. This study makes a novel contribution to knowledge regarding the relationship between ICT and performance of MSMEs in the Nigerian context. The study has been able to generate empirical evidence that definitively demonstrates that the utilization of ICT tools can significantly improve the performance of Nigerian MSMEs by enhancing their market visibility, marketing effectiveness and business survivability.
| 8 |
Author(s):
Nebo Ifeanyi Kennedy, Ugwu Nnamdi Simeon, Dr. (Mrs.) Mba Ifeoma, Dr. Ezebuilo Ukwueze.
Page No : 113-128
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The Macroeconomic Effect of Access to Credit and Population Growth on the Nigerian Agricultural Productivity: An Empirical Study of 2000 to 2021
Abstract
The study investigates the macroeconomic impact of population growth and access to credit on the agricultural productivity Nigeria from 2000 to 2021 by employing OLS multiple regression analysis. The study ascertained the stationarity of the time series properties of the variables where Augmented Dickey-Fuller (ADF) was applied. The co-integration test result confirmed the presence of a long-run relationship among the variables, and the result of OLS multiple regression and stochastic production analysis showed a weak positive relationship between access to credit and agricultural productivity and also showed that population growth has a strong negative relationship with agricultural productivity in Nigeria. It was discovered that employment in agriculture decreases as population increases. The result also revealed that human capital and access growth to electricity have a strong positive impact on agricultural performance in Nigeria. The study therefore recommends not only an increase in the budgetary allocation to the agricultural sector but also the need to establish an efficient corrupt-free financial institutions to enhance easy access to credit by farmers and also improve the intellectual capacity of the populace through advanced technological trainings, as it will in turn lead to a higher achievement in the fight for food security and unemployment in Nigeria.
| 9 |
Author(s):
Njabulo Ndlovu, Elton Vakira, Bronson Mutanda.
Page No : 129-145
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Leveraging Small Business Development Through Employment Contracts: The Mediation Effect of Job Insecurity
Abstract
Following enormous de-industrialisation and a series of industrial offshoring of big corporate entities over the past decade, Small Medium and Micro Enterprises have risen into prominence by their inert abilities of employment creation and poverty mitigation, particularly in the context of developing countries such as Zimbabwe. However, their continued failure has left the nation’s economy tottering at the brink of collapse, hence paling the vision 2030 of engineering the country’s economy towards attaining upper-middle income status beyond visibility and feasibility. High labour turnover is attributed as the chief cause of this phenomenon. In view of that, the current study sought to assess the moderating role of job insecurity on the nature of employment contracts and SMME development. The nature of the employment contract is deemed instrumental in promoting work commitment towards SMME development. This work commitment is anchored on an individual’s perceptions of job security. As such, for some, the nature of the employment contract becomes the sole driver to display extra effort at work in fear of losing a job. At times, such job loss fears are largely determined by one’s family needs and responsibilities. The hypotheses are tested using a sample size of 256 individuals working and owning SMMEs. The Raosoft sample size calculator was used for the sample size determination. SPSS Process was used to test if job insecurity mediates employment contracts and small business development. The empirical outcome suggests that employment contracts have a predictive effect on SMME development and that the turnover intention had a full mediation effect between employment contracts and small business development.
| 10 |
Author(s):
Dr. Ethelmary Dim, Obananya Chinwe Gloria2, Udemba Odinaka Anurika.
Page No : 146-159
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Information Communication Technology and Organizational Performance of Selected Money Deposit Banks in Anambra State
Abstract
The study investigated information communication technology and organizational performance of selected Money Deposit Banks in Anambra State. The specific objectives of the study were to: determine the effect of decision support system and organizational performance of selected money deposit banks in Anambra State, and ascertain the effect of office automation system and organizational performance of selected money deposit banks in Anambra State. Two research questions and two research hypotheses were formulated in line with the specific objective. The study was anchored on Contingency theory of Fred Fiedler. The population used for the study was four thousand two hundred (4200) staff of selected money deposit banks in Anambra State. The sample size for this study was determined by Godden’s (2004) formula. Five hundred and twenty-five (525) staff were selected as the sample for the study. The hypotheses were tested using multiple regression analyses and the result shows that decision support system has no significant positive effect on the performance of selected money deposit banks, and office automation system has no significant positive effect on the performance of selected money deposit banks in Anambra State. The study recommended that to raise the performance of these banks, bank owners should invest more in ICT and its component because they have proven to significantly influence organizational performance. Also, that bank should invest in ICT innovations to build capacity to design specialized products to serve all corners of the market. It concluded that the introduction of innovative products and services like office automation and decision process does not just attract new customers but also improves customer retention and loyalty.
| 11 |
Author(s):
Nwobodo Christiana Chukwu, Edim Eka James, Jerome Inemesit Emmanuel, Inyang Bassey Inyang.
Page No : 160-178
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Packaging Attributes and Consumers’ Patronage of Milk Products
Abstract
This study was on packaging attributes and consumers' patronage of milk products. It was conducted specifically to determine the effects of packaging colour, design of wrapper, quality of packaging material, and packaging information on consumers’ patronage of evaporated milk brands. It was a cross-sectional study that obtained primary data from 168 consumers of evaporated milk brands using a structured questionnaire. Data analysis was done using descriptive statistics, and the hypotheses developed for the study were tested using multiple linear regression. Consequently, the study revealed that design of wrapper, quality of packaging material and packaging information had significant positive effects on consumers’ patronage of evaporated milk brands, while packaging colour had no significant effect in this regard. Therefore, the study recommended that manufacturers of evaporated milk brands should pay little attention to packaging colour in their packaging design process because consumers’ patronage of evaporated milk brands is influenced by more important factors than packaging colour, such as design of wrapper, quality of packaging material and packaging information. As such, we recommended, among others, that it is imperative for manufacturers of evaporated milk brands to use quality materials such as water-proof, air-tight and healthy materials to package their products to prevent damage to the product and consumers’ health.
