Browsing by Author "Udoh Francis Sylvanus"

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Impact of Organisational Change Performance of Selected Construction Firms
(Scientific Research Publishing, 2023-02-02) Emieseifa James Agama; Udoh Francis Sylvanus; Onyeka Diyoke Kenneth
Various techniques for managing and implementing change have been recommended; however, organisations continue to record a high mortality rate, which suggests the absence of a viable process for managing organisational change. This paper investigates the impact of organisational change performance of selected construction firms. The population consists of the executives and employees of five Nigerian construction companies: Phefa Construction Company Ltd., Abacus Building Services, Dumez Nigeria Plc, Enerco Nigeria Limited, and RCC Construction Company. The firms were chosen based on their inclusion on the Federation of Construction Industry’s list (FOCI). The parameters included size, active projects, geographic spread, and service portfolio. The total staff strength of the chosen construction is approximately one thousand, two hundred and four people (1204) and the stratification technique was first used to stratify the workers. Taro Yamane was used to draw a sample of 300 respondents, who were then statistically tested using Pearson Product Moment Correlation. The study discovered, among other things, a significant link between resistance to change and performance; critical factors for managing change will affect Performance; and change implementation will affect performance of selected construction firms. As a result, it was suggested that organisations identify the best change model for their own initiatives and then modify to fit the context. Organizations should collect data from multiple sources, especially when assessing competency gaps, and employees should take management-organized training programmes seriously.
Market Risks and Profitability of Deposit Money Banks in Nigeria
(NDIC Quarterly, 2022-02-02) Bassey Ime Frank; Udoh Francis Sylvanus
The banking sector plays a pivotal role in the financial market; however, banks’ business transactions contribute to changes in the prices of assets. Without adequate strategies by the banks to mitigate and manage their exposures to these risks, their returns may be negatively affected. This work, therefore, examined, within the cohort and semi-experimental research design framework, the effects of market risks on a bank’s profitability using a sample of four banks selected through a purposive sampling technique. The co-integration and panel multiple regression analyses conducted showed that management of market risks had long-run effects on the profitability of DMBs in Nigeria. The interest rate had positive effects on bank profitability, while exchange rate and commodity prices reduced performance. The study recommended that banks manage their operations in a way that optimizes their earnings and profits in order to mitigate the risks of loss occasioned by exchange rate dynamics in Nigeria. Also, DMBs should revitalize their interest rate risk management strategies to further boost their earnings through interest income.
Selected Economic Policies on the Growth of Small and Medium Enterprises in Nigeria
(Scientific Research Publishing Inc., 2023-02-02) Udoh Francis Sylvanus; Inim Victor Edet; James Agama Emiesefia; Murat Akyuz
In Nigeria, economic policy should set the parameters in the economic system of the country, which should constitute the key part of the economic practice thereby creating an environment affecting the development and functioning of either collective or individual Small and Medium Enterprises (SMEs) operators and thus logically affecting the sector(s) of the economy. This work examines the effect of selected economic policies on the growth of SMEs in Nigeria. Notwithstanding the attention placed on monetary, fiscal and trade policies, in the overseeing of the economy, the SMEs sector all encompassing, Nigerian economy particularly SMEs are up until the present time of this study not growing as expected. The time frame was from 1986 to 2017, a thirty-two-year study. Research design employed was ex-post facto and a population of seventy-two thousand eight hundred and thirty-eight (72,838) SMEs in Nigeria were used. The sample size was the entire 72,838 SMEs of which the study relied on reports from Central Bank Statistical Bulletin and SMEDAN, thereby employing the Error Correction Mechanism (ECM) tool of analysis to analyze the time series data. The study found that economic policy (proxies: monetary policy, fiscal policy and trade policy) had no positive significant effect on the growth of SMEs in Nigeria. Therefore, the study recommends that economic policy should be design and formulated in such a way that the goals the SMEs want to achieve through monetary, fiscal and trade policies should be realistic and feasible in terms of growth.
Sovereign wealth fund on sustainable economic growth in Nigeria
(Asian Journal of Social Sciences and Management Studies, 2023-02-02) Inim Victor Edet; Udoh Francis Sylvanus; Lungu, Tumba Denis
The Sovereign Wealth Fund (SWF) nations understood that having enough money in easily accessible foreign accounts would be beneficial to the government in times of fiscal crisis, currency devaluation, natural economic calamity, and even political upheaval to help cushion sustainable economic growth. Between Q1 2005 and Q4 2020, the study looked at the impact of Nigeria's sovereign wealth fund on the country's ability to sustain economic development. In order to conduct the empirical analysis, the study used the ARDL technique of analysis. In order to prevent erroneous regression results, unit root tests were performed on each of the variables. The co-integration test revealed that there is a long-term (or equilibrium) relationship between Nigeria's sovereign wealth fund and the sustainability of its economic growth. It was revealed that Nigeria's gross domestic product was significantly impacted by the Nigerian Infrastructural Fund. Last but not least, it was revealed that the stability Fund has a considerable impact on GDP in Nigeria. Future Generation Fund was also found to have a big impact. On the whole, SWF impact significantly on sustainable economic growth in Nigeria. If government wishes to maintain economic growth and improve the lives of Nigerians, it should demand and pursue effective control and monitoring of the infrastructure, future and stabilization funds.