CONTENT

S/N	Title	Author(s)	Pages
1	Debt Financing as a Panacea for Nigeria’s Economic Recession	Nwadighoha Chinedum Ephraim PhD, FCNA	1-10
2	Effect of Project Success Delay Factors on Real Estate Development in Osun State, Nigeria	1Lawal, A.F., 2Ojo, O.J., 3Odeyomi, E.S., 4Adeosun, J.O	11-24
3	Effects of Microfinance on the Financing of SMEs in Taraba State, Nigeria	Mustapha Tafida Aminu & Isa M. Adamu (PhD)	25-44
4	The Interactive Effect of Finance (Funding) and Academic Staff (Human Resources) on Economies of Scale in Nigerian Universities	Dr (Mrs) Satope Bola Funmilayo	45-6
5	Perceived Organizational Support and Turnover Intention of Academic Staff in University of Uyo	Anietie E. Efi, Ph.D & Orok A. Imagha	65-82
6	Microfinance Credit and Nigeria’s Economic Growth	Amana, S. A., Amana, A. E., & Abubakar, I. A.	83-97
7	Tax Audit and Tax Compliance in Nigeria	Dr. O. Eiya; Felix O. Alade & David O. Adu	98-113

Debt Financing as a Panacea for Nigeria’s Economic Recession

Nwadighoha Chinedum Ephraim PhD, FCNA

 

Department of Accounting,

Michael Okpara University of Agriculture Umudike, Abia State, Nigeria

Email: chinedumnwadighoha@yahoo.com

ABSTRACT

This study is aimed at the investigation of debt financing as a panacea for Nigeria’s economic recession. Economic Recession which is a decline in the Gross Domestic Product (GDP) for two or more consecutive quarters is the present situation faced by the Nigeria’s economy and needed an urgent solution. A population sample size of three hundred and sixty (360) respondents were used and two hypotheses were formulated and tested in line with the objectives of the study the following findings were made, that external debt financing is one of the best strategies for economic recovery during recession and that diversified and expanded export earnings has a significant and positive effect for economic recovery during recession. It was therefore recommended that during economic recession, the best strategy for economic recovery is debt financing and deficit budget approach.

Keywords: Panacea, recession, debt financing, economic, deficit budget

Effect of Project Success Delay Factors on Real Estate Development in Osun State, Nigeria

¹Lawal, A.F., ²Ojo, O.J., ³Odeyomi, E.S., ⁴Adeosun, J.O.

¹Department of Project Management Technology, Federal University of Technology Akure,

²Department of Project Management Technology, Federal University of Technology Akure,

³Department of Estate Management, Osun State College of Technology, Esa- Oke,

⁴ Department of Building Technology, Osun State College of Technology, Esa-Oke,

Email: ojojo@futa.edu.ng

ABSTRACT

Effect of project success delay factors on real estate development was studied in Osun State. This was with a view to identifying the challenges facing real estate team developers in achieving success. The study covered 15 private real estate projects in the State. The research instrument used was questionnaire. It elicited information on the issues such as academic qualifications and areas of specialization of the real estate team members, project management tools/techniques applied and project success delay factors affecting real estate development. The data collected was analyzed using both descriptive and inferential statistics. The results among others showed that 45.9% of the respondents estimate resources and create a resource plan while 100.0% create a preliminary budget. Also, inadequate funding leading to nonpayment of completed works (3.9) and poor monitoring and control of projects (3.5) affected the success of real estate development. The study recommended among others that on the job professional project management training should be introduced to real estate team members. This will assist them in acquiring knowledge and industrial skills in the latest project management tools/techniques available in managing projects.

Keywords: Real Estate, Project Success, Estate Development, Delay factors, Project Management Tools/Techniques.

Effects of Microfinance on the Financing of SMEs in Taraba State, Nigeria

Mustapha Tafida Aminu & Isa M. Adamu (PhD)

Department of Economics

Faculty of Arts and Social Sciences

Taraba State University, Jalingo

Email: tafidainfo@gmail.com, isaardo@gmail.com

ABSTRACT 

Accessibility to credit is universally considered to be a crucial factor in enhancing the growth and development of SMEs. The main goal of this paper was to evaluate  effects of microfinance on the financing of  small and medium scale enterprises towards ensuring the economic development and diversification goals of the governments in both  Taraba state and Nigeria at large. To achieve the primary objectives of this study, Stratified random sampling technique and structured questionnaire were employed in collecting data from the 317 SMEs that formed the sample size of the research population. Multiple regression of the statistical package for social science (SPSS) version 20 was utilized to analyze the data. It was found that micro loan and interest rate are significantly related to SMEs financing as well as their growth potential in Taraba state. It was also found that microfinance has been contributing enormously in financing of small and medium scale enterprises in Taraba state, despite the inherent hurdles. It has been observed that access to microloans have remarkably improved over the years, as many SMEs operators receive credit facilities with fairly affordable interest rates thus encouraging them and boosting their operations. The recommendations offered include: the need to review the current requirement to access microloans from MFIs; close monitoring and regulating the financial and non-financial activities of microfinance institutions; the need for governments and microfinance institutions to embark on campaigns, especially in rural areas to sensitize the people about availability and accessibility of credit facilities.

Keywords: Microfinance, Small & Medium Scale Enterprises, Grameen model, Micro-loan.

The Interactive Effect of Finance (Funding) and Academic Staff (Human Resources) on Economies of Scale in Nigerian Universities

Dr (Mrs) Satope Bola Funmilayo

Faculty of Business and Social Sciences

Adeleke University, Ede, Osun State

Email: satopetito@yahoo.com

ABSTRACT

The study examines the effect of finance and Human resource (academic staff) on Nigerian Higher Education enrolment and economies of scale (from economics perspective). Over the years, the problem of inadequate finance (underfunding) for education had been generating a lot of strife between Academic Staff Union of Universities (ASUU) and Nigerian government. The privatisation of the Nigerian university system was a step geared toward solving problems facing the university system due to increasing enrolment. The privatisation increased enrolment and number of universities but despite the increase in enrolment the new Private Universities (41) which outnumbered the Federal(27) and State (36) Universities have less enrolment than those Public Universities. Also, the average enrolment per university shows the enrolment figures were small on the average, ranging between 4,094 and 13,018 compared with University College London which had 21,620 students in 2009 (with 4000 academic staff and 648 Professors) and was ranked the 4^th university in the world (2^nd in Europe) in 2010 world universities ranking (Wikipedia). Thus, Nigeria could not enjoy economies of scale despite the increase in number of universities. If Nigeria will enjoy economies of scale the enrolment must be increased but the facilities on ground could not allow for it. As Nigeria budgetary allocation to education did not meet the UNESCO recommended 26 % of budgetary allocation, the apparent shortage of finance available to the university system has been responsible for shortage of all resources. The results revealed that the interactive effect had very important impact on enrolment in Nigerian Universities. The study therefore gave some recommendations for improvement.

Keywords: finance, Academic-staff, Universities, enrolment, economies- of-scale

Perceived Organizational Support and Turnover Intention of Academic Staff in University of Uyo

Anietie E. Efi, Ph.D & Orok A. Imagha

Department of Business Management

Faculty of Business Administration

University of Uyo, Uyo

Email: efianietie1@gmail.com; rockypride07@gmail.com

ABSTRACT

The purpose of this paper is to assess the relationship between perceived organizational support and turnover intention of academic staff in University of Uyo. The population of the study was made up of 1,451 academic staff in the employ of the institution. Sample size was determined using Taro Yamene’s formulae for sample size determination in which a sample of 314 was arrived at. Sources of data were from both primary and secondary sources. Secondary source was from published articles and textbooks while primary source was from responses of the 314 copies of questionnaire administered on the respondents using convenience sampling technique. Findings showed that turnover intention of academic staff in university of uyo is influenced by their felt negative support from the institution. For university of uyo to attract and retain experienced academic staff, Management of the institution should strive to increase the level of support given to the academic staff by showing they care about their wellbeing and value their contribution to the institution.

Keywords: perceived organizational support, academic staff, turnover intention

Microfinance Credit and Nigeria’s Economic Growth

Amana, S. A., Amana, A. E., & Abubakar, I. A.

ABSTRACT

Microfinance institutions provide loans, savings and other financial services to low income earners and the poor of the society, thereby creating jobs and enhancing the growth of rural areas. Microfinance has become a revolutionary mechanism used in fighting poverty in most developing countries. However, micro- finance institutions in Nigeria have not made significant progress in the programs and policies of alleviating poverty in the society. Data on the exogenous and endogenous variables were collected from CBN statistical bulletin and analyzed via the use of OLS. It was found that microfinance credit has significant effect on the economic growth of Nigeria. This study recommends that microfinance banks in Nigeria should be encouraged by the regulators to increase the quantum of microfinance credits to the poor economically active citizens and to the small and medium enterprises.

Tax Audit and Tax Compliance in Nigeria

Dr. O. Eiya¹; Felix O. Alade¹ & David O. Adu²

¹Department of Accounting, University of Benin, Benin City

Principal Manager, Central Bank of Nigeria

Email: felixaladeo@gmail.com

Abstract

The study focused on tax audit and tax compliance, so as to be able to determine how tax compliance is influenced by tax audit. The population was a hundred persons comprised of staff forty staff of the Edo State Federal Inland Revenue Service (FIRS), forty civil servants and twenty private practitioners. Sample size was determined using the Yamane (1967) formula. Data was gathered by means of questionnaire distributed randomly. The data gathered were analyzed using the simple regression analysis. The dependent variable being tax compliance and the explanatory variable is tax audit. The research revealed a weak but positively significant relationship between tax audit and tax compliance. It is thus recommended that tax audit should be intensified alongside working on other factors that may help voluntary compliance. Key words; Tax, Compliance, Audit, Evasion, Avoidance