Department of Business Administration

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    Impact of Project Cost Control on the Financial Performance of the Nigerian Construction Industry
    (Scientific Research Publishing Inc., 2024-02-02) Abani Joseph Alu; Muritala Taiwo Adewale; Ogedengbe Frank Alaba; Nasamu Gambo; Nwoye May Ifeoma
    The success of any construction project largely depends on the ability to manage project costs effectively. However, cost control in the Nigerian construction industry is characterized by numerous issues such as inadequate planning, poor communication, lack of accountability, and corruption. This conceptual review aims to examine the current state of project cost control in the Nigerian construction industry, identify the key factors affecting cost control, and provide insights into possible solutions to these challenges. The Nigerian construction industry has been plagued with cost overruns, delays, and poor project performance, which have led to a significant waste of resources and financial loss. The findings of this review will be useful to stakeholders in the construction industry, including project managers, policymakers, and researchers, and will help to improve the cost management practices in the Nigerian construction industry. The study reveals that ineffective cost control strategies, poor project planning, and inadequate monitoring and control systems are major issues affecting project cost control in Nigeria. The review also highlights the need for a shift towards more proactive and integrated cost control approaches, as well as the adoption of emerging technologies in project cost control. Ultimately, this study provides valuable insights into the challenges faced by project managers in controlling project costs in the Nigerian construction industry and offers recommendations for improving project cost control practices.
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    Effect of Female Entrepreneurial Experience on Start-Ups of Educational Institutions
    (Wseas Transactions on Business and Economics, 2022-02-02) Ngele Anthonia Nnebuife; Abubakar Hauwa Lamino; Nwoye May Ifeoma; Cross Ogohi Daniel
    This study evinced the cruciality of female entrepreneurial experience as a gainful propeller of start-up educational institutions in North-Central Nigeria. The focal aim of this study is to ascertain the effect of female entrepreneurial experience on start-ups specifically in the educational sector, which over the years recorded a tremendous influx of female entrepreneurs. A descriptive research design was adopted as the framework for this study and the population of the study comprised 43,470 female educators within the North-Central region of Nigeria. The Cochran sample size determination technique was used to obtain the sample size of 385 respondents. Bowley's allocation formula was adopted to determine the sample size of each North-Central state while simple random and purposive sampling was used to select participants. The questionnaires were structured in a 5-point Likert scale as a validity and reliability test was conducted to ensure their credibility. Data retrieved were analyzed using descriptive and inferential statistics via the aid of the Statistical Package for Social Sciences (SPSS) version 25 statistical tool. The results of the regression analysis validated the data at a 0.05 significance level. The findings revealed that socio-cultural expectations, exceptional economic support, social networking, innovation, and self-efficacy have a significant effect on the growth of educational institutions in North-Central Nigeria. Hence the study concludes that female entrepreneurial experience adversely affects the growth of educational institutions and start-ups in North-Central Nigeria. The study recommends that good government policies geared towards equal support of female entrepreneurs as endorsed by the liberal view of the feminist-based entrepreneurship theory.