Category Archives: International Journal of Management Studies, Business and Entrepreneurship Research 2018

RURAL-URBAN DRIFT: IMPLICATION FOR COMMUNITY AND RURAL DEVELOPMENT IN NIGERIA

I. Dialoke

Department of Industrial Relations and Personnel, Management

College of Management Sciences

Michael Okpara University of Agriculture, Umudike, Abia State Nigeria

Email: finejoe86@yahoo.com

ABSTRACT

The predominant numbers of Nigerian People are rural inhabitants who are preoccupied with agricultural farm work and fishery. Also most of the rural dwellers were not favored by the government, hence no presence of basic infrastructural needs that can assist in their day to day living within the rural environs. The study through theoretical investigation was able to deduce that the causes of rural-urban drift in Nigeria hinges on outburst in population growth, lack of basic, social services such as water, electricity, hospitals, roads, etc. In addition lack of information services, poverty and illiteracy were not left out as among the factors that has debilitating effects on community and rural development. In order to overcome this horrible factor that has attendant consequences on community and rural development, the rural inhabitants tend to advance to urban centers where more job opportunities and social amenities are ubiquitous at every corner of the city. Succinctly, the paper highlighted the consequence effects (Positive and negative) or otherwise implications rural-urban drift has on community and rural development in Nigeria. It then concluded that there is no definitive statement on whether rural-urban drift is beneficial or non-beneficial to community and rural development in Nigeria.

ENTREPRENEURSHIP, SOCIAL SUPPORT, AND EMOTIONAL INTELLIGENCE AS PANACEA FOR YOUTH EMPOWERMENT, EMPLOYMENT, SELF-RELIANCE AND SUSTAINABLE NATIONAL DEVELOPMENT IN NIGERIA

Edward Kuruku & Kwasedoo Ngbea

Department of Psychology,

Benue State University, Makurdi, Nigeria

Email: edwwardkuruku@gmail.com

*Corresponding author

ABSTRACT

Entrepreneurship as a concept and a vocation is a vital factor in human capital development in terms of job creation and skill acquisition. The objective of the paper is to examine, the role of entrepreneurship in the ever-growing population, with its resultant unemployment and other social problems in the society, especially among the youths, and proffer measures to ameliorate the situation. The unemployment rate in the world has grown astronomically without corresponding infrastructural amenities resulting to pressure on lean scarce resources. Added to this, the educational system in most developing countries are designed and geared towards the humanities, rather than technical, vocational and skills acquisition. This phenomenon has led to many graduates from the universities and other higher institutions of learning not finding jobs, thereby constituting social problems. Emotional intelligence has also been identified as a factor for youth empowerment, as it is perceived to be a predictive factor of entrepreneurial intentions, which refers to the ability to understand, interpret and regulate one’s emotions. Training needs of most institutions of learning have always being geared towards white collar jobs that are hard to come by these days. It is the submission of this paper that, if appropriate social support interventions are given to the youths, it will not only curb youth restiveness and, unemployment, but it will also prevent them from being vulnerable for recruitment into criminal gangs, like Islamic state (ISIS) and other terrorist organizations. National development can only be feasible when technical, vocational and computer education are given top priority, as the world economy is today driven by information technology the implication of this is that, those who lack these basic skills, would be left behind in the labour market. The paper finally recommends among others that, the present educational system especially in developing countries be overhauled to emphasize technical and vocational training which are brain child of entrepreneurship.

Keywords: Entrepreneurship, Social Support, Emotional Intelligence, Employment, Self-reliance, National development.

ACCRUAL ACCOUNTING BASIS AND CASH FLOW FUTURE PREDICTIONS: EVIDENCE FROM QUOTED COMPANIES IN NIGERIA

Nnubia, Innocent Chukwuebuka* & Fabian C. Obiora

Department of Accountancy

Chukwuemeka Odumegwu Ojukwu University

Igbariam Campus, Anambra State, Nigeria

Email: nnubiae@yahoo.com, oniiudochiobiora@gmail.com

Corresponding author*

ABSTRACT

The study investigates the relationship between Accrual Accounting basis and Cash flow future predictions of selected quoted companies in Nigeria. Sample of 10 Nigerian firms listed on Nigerian Stock Exchange for a period of 10 years (from 2007-2016) was selected. The main type of data used in this study is secondary; sourced from the Nigerian stock exchange fact book. This study applied ex post facto research design. The data collected were analysed using Ordinary Least Square Method. The results show that for the Nigerian listed firms, Cash flow (CFO) has positively associated with accounts receivable (0.522725), accounts payable (0.823528), deferred tax liability (0.632530) and depreciation expense (0.075088).The study, therefore recommends among others that the Investors should not ignore information from current accruals, since knowledge of accounting accruals aids in predicting future cash flows over and above these firm characteristics.

Key words: Accrual Accounting Basis, Cash Flow Future Predictions, Nigeria.

THEORETICAL REVIEW OF THE REGULATORY FRAMEWORK FOR FOREIGN DIRECT INVESTMENT IN NIGERIA

Michael Sunday Oriola

Joseph Ayodele Babalola University, Ikeji-Arakeji, Osun-State

Email: michaeloriola@yahoo.co.uk

ABSTRACTS

This paper tries to answer the question whether and to what extent initiatives in improving regulatory frameworks and trade-related infrastructures caused or contributed to increase FDI in Nigeria. Thus, Nigerian government has at various times enacts policies that permit and encourage foreign investments in Nigeria by non-nationals. This paper critically examines the extent these various policies have been successful in attracting foreign investors to Nigeria. Data and information from library, internet, journals and text books were used for its methodology. However, finding shows that successive reforms to improve Nigeria’s business climate have not encouraged foreign investors, nor yield much success. It recommends that Nigeria government should vigorously pursue the ongoing privatization of the downstream sector of its oil industry. The privatization of the downstream sector will help to integrate the oil sector into the economy. The integration of the oil sector into the economy will boost its potential to contribute to economic growth and subsequently improve the investment environment and thereby enhance FDI inflows to Nigeria.

Keywords: FDI, Regulatory framework, Government policy, Nigeria.

IMPACT OF GAS PRICING AND DEMAND ON OUTPUT IN NIGERIA

Binta Yahya

Department of Economics

Adamawa State University, Damaturu

ABSTRACT

This study examines the effect of natural gas pricing and natural gas demand on National output (GDP) in Nigeria. The interactions between gas demand, gas price and GDP was investigated using the structural vector auto-regressive (SVAR) model. Time series monthly data were collected from 1996 -2016 on gas demand, gas supply, gas retail price, petrol retail price and GDP. The result indicated that gas price has a significant impact on gas demand and gas demand also determines gas pricing; and that gas demand has a significant impact on GDP. Furthermore, the impulse response showed the response of GDP to   gas demand to be negative, but positive to    gas supply   petroleum retail price and gas retail price . The variance decomposition showed that petroleum retail contributed more to changes in GDP followed by gas demand, then gas supply, while gas price contributed least. Findings Suggests that the government should invest  in gas infrastructure and enact proper monetisation and utilisation policies that will encourage foreign and local investors so as encourage supply and increase revenue earnings for the government .

USING PRODUCTIVITY INDEX TO MONITOR STAFF PERFORMANCE: A CASE STUDY OF CITY BENZ LTD

A.H. Eneh., D.N. Okafor., C.I. Akobundu., U.C. Arinze

^aDepartment of Computer Science, Faculty of Physical Sciences,

University of Nigeria, Nsukka

Email: agozieh.eneh@unn.edu.ng¹

* Corresponding authors

ABSTRACT

The research work is information management system, designed to monitor productivity performance of employees in organizations using index productivity measurement. The index productivity measurement is an approach that calculates objective performance score on every activity of an employee. The calculated objectives performance used is based on the main performance key indicators which were agreed benchmark for evaluating and monitoring staff by the company. This process helps the company to compare performance over time and identify trends that facilitate progress of the company. It is also capable of identifying the employee who steals the time and money from the organization. The proposed system was designed using visual basic programming language, which is an excellent platform for writing a client or web application that access a database. Objective Oriented Analysis and Design Methodology (OOADM) will be used to analyze the system. Unified Modelling Language (UML) will be used to model the software. The researchers also showcase the data structures and techniques involved in processing of the design the system.  

Key words: Employee performance, Productivity, Monitoring 

IMPACT OF AUTOMATION STRATEGY ON WORKFORCE EFFICIENCY (A STUDY OF BROADCASTING CORPORATION OF ABIA BCA)

Melletus Uchechukwu Agbo

Department of Business Administration

College of Management Sciences

Michael Okpara University of Agriculture, Umudike, Nigeria

Email:

ABSTRACT

This study examined the impact of automation strategy on workforce efficiency with respect to Broadcasting Corporation of Abia (BCA). Using frequency distribution table, and percentages to analyze   the data from the questionnaire, while simple regression and correlation with the use of SPSS were used to analyze the hypotheses. Findings from the study indicated that, there was significant effect of automation strategy on workforce effectiveness as indicated table 3.10.1 were p-value 0.331 was greater than 0.184 that is (real 0.0.331 > r tab 0,184), the researcher rejectes Ho and accepted the alternative hypothesis thereby concluded that there was significant effect of automation strategy on workforce effectiveness in broadcasting corporation of Abia state. Secondly, there was significant relationship between automation strategy and employee’s performance as shown in3.10.4 were the result of the analysis revealed that the Calculated t-value of 23.218 is greater than the table value (-4.449), therefore, the null (H₀) hypothesis was rejected, while the alternatives hypothesis (H₁) accepted. This implied that there is significant relationship between automation strategy and employee’s performance in broadcasting corporation of Abia state. Therefore the study recommended that any organization that desires high output performance (financially and non-financial wise) should endeavor to embrace the principles of automation strategy which was embedded in strategic management. Also to avoid failure or the death of an organization, the managers of the organization should be committed to institutionalizing the practice of strategic management in its culture by ensuring that strategic planning permeates every nook and cranny of the organization and making sure that strategies planned are implemented else it will be a waste of time and resources.

Keywords: Automation Strategy, Workforce Efficiency, Broadcasting.

CAN FISCAL DEFICIT PROMOTE INCLUSIVE AND SUSTAINABLE GROWTH IN NIGERIA: EVIDENCE FROM THE DATA

ANGBAS Jonathan Avreson,  MIBA’AM, Benjamin W. & DAMAK, Obadiah Ibrahim

Department of Economics

Plateau State University, Bokkos  

Email: avrenab@yahoo.com

Corresponding author: ANGBAS Jonathan Avreson                              

ABSTRACT Using a co integration analysis and a Pairwise granger causality test, this study finds that there has been no long run equilibrium relationship between government deficit spending and the rate of economic growth in Nigeria. The study also finds that growth has been fueled largely by rent seeking activities and this has heightened the rate of unemployment in Nigeria resulting into large scale incidence of poverty on the one hand and growing income inequality on the other. This is the result of the non-inclusive and unsustainable nature of the country’s growth where a large proportion of the population has no access to the means of production. The result is further corroborated by the weak link in the log linear equation results as well as a unidirectional causality between fiscal deficits and growth, unemployment on the one hand and poverty on the other. The Nigerian economic growth profile has been reported to be on the upward swing in the last decade, however, the incidence of poverty, unemployment, income inequality have worsened while the rate of labour force participation in productivity have declined. The obvious conclusion that can be drawn from this is that such growth has not been inclusive and sustainable. Theoretically, Keynes had argued that economies experiencing sluggish economic growth should adopt expansionary fiscal policies that can increase the level of aggregate demand and stimulate aggregate consumption and investments leading to increased productivity. For the country to overcome the challenge of non-inclusive growth and ensure its sustainability, fiscal policy as encapsulated in deficit spending and borrowing must deliberately target the very poor and vulnerable members of society