GOVERNANCE, DEVELOPMENT ADMINISTRATION AND NEW PUBLIC MANAGEMENT (NPM): A COMPARISON

¹Dominic Shimawua Chiahemen & ²Inienger Chia Christopher

¹Department of Public Administration,

Faculty of Management Sciences, Veritas University

²Department of Public Administration,

Faculty of Management Science,

University of Abuja

EMAIL:  dshimawua@gmail.com

ABSTRACT

Two major approaches have emerged as alternatives to classical bureaucratic government, the new Public management and the governance approach. Although both learn to some extent from each other and evolve by taking ideas from one another they, in many ways, can be positioned as opposites with which governments can tackle the increasing complexity of policy processes, implementation and service delivery. While the new public management focuses on getting the goals right and then leaves the implementation to separate bodies, governance is very much preoccupied with combining different perceptions on goals and tries to improve inter-organizational cooperation. This study compares both perspectives.

FOREIGN PORTFOLIO INVESTMENT AND ECONOMIC GROWTH IN NIGERIA

¹Hilary Eshidenang Ushie, ²Sunday Akiri & ³Agya Atabani Adi

¹University of Calabar Microfinance Bank

²Department of Economics, Benue State University, Makurdi

³Department of Economics, Federal University Wukari.

Email: ushiehilary@gmail.com

ABSTRACT

This study examines the relationship between foreign portfolio investment and economic growth in Nigeria from 1986 to 2018. Data for the study were gathered from secondary sources and analyzed with the use of both descriptive and inferential statistical methods. The Toda Yamamoto Non- Causality test was used to ascertain the nature of relationship between Foreign Portfolio Investment and economic growth. The impulse response and variance decomposition were used to examine the response of economic growth to innovations in foreign portfolio investment in Nigeria. The Toda Yamamoto Non- Causality result revealed that there is a bi-directional relationship between foreign portfolio investment and economic growth and the impulse response revealed that economic growth responded positively and permanently to shocks in foreign portfolio investment in Nigeria after the second period of forecast.  The study recommends that the government should encourage the inflows of foreign portfolio investment by making investment friendly policies that would attract foreign investment into the country. Also emphasis should be directed toward maintaining peace and avoidance of debt overhang.

Keywords: Foreign Portfolio Investment, Economic Growth, Toda Yamamoto, Nigeria.

INTERVENTION ANALYSIS OF DAILY SOUTH AFRICAN RAND/NAIRA EXCHANGE RATES

Aboko, Igboye Simon

Department of Statistics

Captain Elechi Amadi Polytechnic, Port Harcourt

E-mail: abokoigboye@gmail.com

ABSTRACT

This research paper examined the daily exchange rate of the South African (ZAR) and the Nigerian Naira (NGN) which starts from 11^th March, 2017 and 9^th September, 2017 reveals an abrupt change on 4^th August, 2017 in further favour of the Rand. This change is significant as the pre-intervention series was stationary. The pre-invention series was modeled as ARMA (3,12) model using Augmented Dickey Fuller unit root test which was adjusted  to fit the model to be stationary. An intervention model was obtained and the post-intervention data closely agreed with the forecast data.

Keywords: Rand, Naira, Exchange rates, Intervention analysis, ARIMA modeling.

THE ROLE OF ORGANISATIONAL CULTURE IN EMPLOYEE PERFORMANCE IN NIGERIA’S PRIVATE SECTOR

Mbwa Williams Adiak

Department of Management Studies

Plateau State University, Bokkos

Email: mwadiak1@gmail.com

ABSTRACT

This study examines the relationship between organisational culture and the performance of employees in Nigerian organisations, as most of the focus has been on organisational performance. It focuses on specific cultural traits of involvement, consistency, adaptability and mission, using the Denison Organisational Cultural Survey model, involving 139 employees of 7 offices of large-scale organisations in Jos metropolis. The data collected through structured questionnaires were analysed using the Pearson Correlation Coefficient, validated by Linear Regression Analysis, which resulted to significant positive relationships being established between involvement, adaptability and mission and the performance measures of quality output/service delivery, quantitative target achievement and job satisfaction. However, when subjected to regression analysis, only involvement and adaptability were found to have significant effect on employee performance. These results have been discussed, with appropriate recommendations and suggestions made.

Keywords: Adaptability, Consistency, Involvement, Mission, Organisational culture, Performance.

VIRTUAL REALITY AND PATRONAGE OF HOSPITALITY SECTOR IN PORT HARCOURT

Dike, Lawrence Bekwele & Anthony Chuks Nwador

Department of Marketing,

Ignatius Ajuru University of Education, Rumuolumeni Port Harcourt

ABSTRACT

This study investigated Virtual Reality and Patronage of Hospitality Sector in Port Harcourt.  One Hundred and Forty manager staff of hospitality sector staff in Port Harcourt were studied.  Out of the 140 questionnaires distributed, 120 copies representing 91% were duly completed and returned upon which the analysis as done.  The four research questions were answered using mean and standard deviation, while the four hypotheses were tested using the Pearson Product Correlation Coefficient (PPMC).  The reliability testing was done using SPSS version 23 Crumbach Alpha at .95>.71 indicating that the instrument were highly reliable.  The 40 items questionnaire instrument was validated by a senior lecturer in the department of Marketing, Ignatius Ajuru University of Education.  The findings showed that Hypothesis one p-value of .671>.05 which implies that virtual reality has no influence on hospitality patronage in Port Harcourt hypothesis 2 p-value of .041<.05 which implies that Customer virtual experience affect purchase intention of hospitality patronage in Port Harcourt. Hypothesis 3 p-value of .447>.05 which implies that customer virtual presence does not affect service quality of hospital patronage in Port Harcourt. Hypothesis 4 p-value of .012<.05 implying that there is customer virtual perception influences repeat purchase of hospital patronage in Port Harcourt.  The study recommended that Since  virtual reality has no influence on hospitality patronage in Port Harcourt, practitioners should lay more emphasy and effort in ensuring greater awareness of the new technology. Customer virtual experience affect purchase intention of hospitality patronage in Port Harcourt, the management of hospitality homes should therefore invest in virtual reality as it will influence purchase intention of customers. Customer virtual presence does not affect service quality of hospital patronage in Port Harcourt, management of hospitality homes should engender more presence of virtual presence. Customer virtual perception influences repeat purchase of hospital patronage in Port Harcourt, virtual perception should therefore be made attractive to tourists and for hospitality patronage in Port Harcourt.

Key Words: Virtual Reality, Patronage, Hospitality Sector, Port Harcourt

TIME SERIES MODELING OF NIGERIAN STOCK EXCHANGE INDEX (NSEI) AND USD/NGN EXCHANGE RATES

Amala Isabella S; Davies Iyai & E. H. Etuk

Department of Mathematics

Rivers State University, Port Harcourt, Nigeria

ABSTRACT

This study performed time series modeling of  and  Exchange rates. Monthly data spanning from January 2007 to December 2018 was used. Data was sourced from the Central Bank of Nigeria statistical bulletin. The models employed were  model,  model and Granger Causality test. Both series were stationary at first difference. The All Share Index of the Nigerian Stock Exchange suggests ARIMA  a white noise process, and at such,  model was adopted, while USD/NGN exchange rate suggested  model, but residual were conditionally heteroskedastic, hence  model was also adopted and estimated and they Granger Cause each other.

Keywords: Exchange rate, Stock Price, ARMA Model, GARCH (1, 1) Model, Granger Causality Test.

THE PROSPECTS AND CHALLENGES OF ENTREPRENEURSHIP AND VENTURE CREATION AMONG GRADUATES OF TERTIARY INSTITUTIONS IN PLATEAU STATE NIGERIA

Nanfa Nimvyap¹, Miba’am Walwai Benjamin¹, Lekmak Felix²

¹Department of Economics, Faculty of Social Sciences, Plateau State University Bokkos.

²Graduate Student, University of Jos

Email: nnimvyap@gmail.com, mibaam@gmail.com, felixlekmak@yahoo.com

ABSTRACT

The problems of rising social vices and poverty is associated with the increase in unemployment especially among the youths in Nigeria, more youths graduate from tertiary institutions of learning only to face limited employment opportunities that are difficult to secure. One of the solutions to the problems of graduates’ unemployment in Nigeria is the promotion of entrepreneurship and venture creation among students in tertiary institutions with a view to prepare them to be job creators and not job seekers after graduation. Entrepreneurship can help reduce increasing rate of employment if encourage in the right way. The study seeks to find out the prospect and challenges of entrepreneurship and venture creation among graduates of tertiary institutions in Nigeria with Plateau state as a case study. Using the survey method of data collection, sample size of 800 questionnaires were administered, 720 were retrieved and 620 valid questionnaires were analysed after sorting. The questionnaire combined multiple choice closed and opened ended questions. A multistage sampling was adopted where the state is stratified into three senatorial zones, 4 Local Government Areas (LGA) from each of the senatorial zones were identified and graduates of tertiary institution were thereafter randomly selected. The study adopted the descriptive and evaluation methods of data analysis to analyse data gathered. Findings revealed that entrepreneurship opportunities exist in Plateau State and that more graduates are willing to venture into business creation provided there is an enabling environment. The findings also found that entrepreneurship and venture creation in Plateau state is faced with a lot of challenges among which include challenging environment for entrepreneurship practice and venture creation, limited access to start-up capital for intending graduates, unfavourable government policies, inadequate infrastructures especially in the rural areas among other challenges. The study recommends entrepreneurship education be sustained in all tertiary institutions in Nigeria, creating enabling environment by policy makers to encourage new start-up business and small and medium enterprises, access to reasonable interest loan in financial institutions that is less stringent and infrastructures should be provided in the rural areas among other recommendations.

Key words: Entrepreneurship, Venture Creation, Graduates, Tertiary Institutions.