Faculty of Management Sciences

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Start date: 2020

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Now showing 1 - 10 of 94
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    ENTREPRENEURIAL EDUCATION FOR SUSTAINABLE DEVELOPMENT
    (2026-02-02) Ogedengbe Frank Alaba; Clement Osigwe Okhakhu; Simon Ayo Adekunle
    Using entrepreneurial education as the vehicle for sustainable development in Nigeria is the focus of this paper. This objective has been pursued theoretically by reviewing the different government policies on education and the place of entrepreneurship development in such policies. It is not a debate that economic development and sustainability are hinged on creativity and innovation, which are the defining features of entrepreneurial education. It also follows that if entrepreneurial education must be used to define the country’s developmental efforts towards a sustainable future, the focus must be on school age youths, to whom the future belongs. This paper argues that, though certain policies on education like that for polytechnics emphasise vocational and technical education and skills, there remains a dire need for real orientation of concerned institutions towards building entrepreneurial mind-set in the youths. Certain theories on entrepreneurial education and development are considered, while often-encountered challenges of entrepreneurial education and their way out are highlighted. On the basis of this and other ancillary discourses, policy implication and recommendations are raised for consideration. These include, among others, a call on all relevant authorities to make fresh commitment towards entrepreneurial development by refocusing the education policy towards entrepreneurially eliciting programmes.
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    Critical Success Factors & Enterprise Resource Planning Implementation and Organizational Performance
    (I.K. Press, 2023-02-02) Ogedengbe Frank Alaba; Elohor Katherine Idolor
    The growth of innovativeness and sustainability has increased the need for quality and efficient performance in the information and communication industry. As organizations expand, there is a need to increase the capacity of their data processing unit by administration and synthesing of information within various departments by utilizing Business Management Solution suit called Enterprise Resource Planning (ERP) software. The crux of this study is to identify the relevant factors that can improve organizational performance through ERP system implementation. The hypothesis was drawn and tested using factor analysis and structural equation modeling. Survey method involving the administration of the questionnaire was used to gather data. The result from a sample size of one hundred respondents reveals that critical success factors can have a remarkable influence on ERP business management software suit and organizational performance.
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    Impact of Penetration Strategy on the Performance of Manufacturing Industry in North West Nigeria
    (Scientific Research Publishing Inc. (SCIRP), 2023-02-02) Josiah Ayoola Bukoye; Muritala Taiwo Adewale; Abubakar Hadiza Saidu; Nwoye May Ifeoma; Ogedengbe Frank Alaba
    Years of outdated infrastructure, inconsistent policy, political economy in business regulation, bad pricing, advertising, and product quality, as well as low or no access to finance by most entrepreneurs have plagued Nigeria’s industrial sector, notably that of the country’s North-West, for years. The manufacturing sector in North West Nigeria is not operating at its peak potential, despite the emphasis on penetration strategy (pricing, product, and promotion). The study’s objective was to ascertain how penetration strategy affects the performance of the industrial sector in North-West Nigeria. Surveys were used as the primary method of the study’s investigation. 81 people made up the study’s population and sample size. The preferred statistical technique used in the study was multiple regression, and the respondents’ responses to a questionnaire were used to gather the study’s data. According to the findings, the penetration strategy’s price (PRI and PROM = 0.02 + 0.14 and 0.02 + 1.71) and product (PROD = 0.2 - 1.30) components have a significant impact on the performance (effectiveness) of the manufacturing sector in North West Nigeria, both positively and negatively. The study advises the manufacturing sector in North-West Nigeria to continually altering price and promotion strategies to improve performance because doing so is an efficient way to draw in new clients. This is necessary for the market penetration plan to be implemented effectively. Spend more energy and time on a promotion to raise brand awareness. Due to this unfavourable impact, employ an efficient marketing plan that will raise product awareness in such places.
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    MATERIALS MANAGEMENT AND PROJECT DELIVERY OF CONSTRUCTION FIRMS
    (Faculty of Engineering (published in collaboration with the journal), 2024-02-02) Ugochi Sandra Uzoho; Ogedengbe Frank Alaba; Udoh Francis Sylvanus
    Successful project delivery is essential for economic growth and infrastructure development. This study looked at construction companies’ management of materials. The improper handling of materials affects how well projects are completed. Inadequate material management could seriously hinder the realisation of projects. 291 employees from Habitat and Building Concepts Limited and Dantata & Sawoe Construction Company (Nigeria) Limited made up both the study's population and sample, which used descriptive survey research design. Information from the respondents via standardised questionnaire were regressed using the Statistical Package for Social Sciences. Result shows transportation (.03+1.82), purchasing (.03+0.73), and storage (.03+1.11), had a favourable and significant impact on project delivery. While planning (03-0.15) had a negative but minor impact on project delivery. The study advises Dantata & Sawoe Construction Company (Nigeria) Limited and Habitat and Building Concepts Limited accordingly. Managers should manage materials adequately and decide on efficient means of transportation, procurement, and storage.
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    WORKPLACE MENTORING AND ORGANISATIONAL COMMITMENT AMONG ACADEMIC STAFF OF FEDERAL POLYTECHNICS SOUTH-SOUTH ZONE NIGERIA
    (Journal of Engineering, Management and Information Technology (published in association with ASPUR - Association for Development and Promotion of Sustainable Development, based on the domain jemit.aspur.rs), 2024-02-02) Faith Oghenevwede Ofuokwu; Ogedengbe Frank Alaba; Florence Eguonor Omonzejele
    Academic of Federal Polytechnics in Nigeria's south-south zone were surveyed to learn how workplace mentorship affected their loyalty to their institution. The research used a survey approach. Questionnaire were distributed to 300 academics staff of government Polytechnics in Nigeria's south-south region. Only 280 questionnaires were usable for analysis. Pearson correlation analysis was used to examine the gathered data. The results indicated that there are positive and insignificant relationships between mentoring in the workplace and affective commitment. Second, there are favourable linkages and strong correlations between normative commitment and mentoring in the workplace. Third, there are negative and insignificant associations between mentorship and loyalty over time. Institutional leaders were urged to implement the study's recommendations for strengthening mentorship programs by providing clear criteria for mentors and mentees. Also, administrators should pair up new hires with seasoned senior academics who can act as mentors in their chosen fields.
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    Audit Committee Characteristics and Corporate Performance: Evidence from Listed Conglomerates in Nigeria
    (SDI - Society for Science and Education, UK, 2023-02-02) Lucky Otsoge Onmonya; Ebire Kolawole
    The corporate governance code mandates all publicly quoted firms in Nigeria to establish an audit committee to ensure transparency in financial reporting and protect shareholders' interests. This study examined the effect of audit characteristics on the corporate performance of listed conglomerates in Nigeria from 2015 to 2021. Audit characteristics was proxy as audit committee size, audit committee meetings and audit committee independence, while corporate performance was proxy as return on asset. The secondary data were sourced from the firms' annual reports and were analysed using correlation matrix and panel fixed regression. The result from the panel regression showed that audit committee size and independence do not significantly affect the performance of listed conglomerates in Nigeria. In contrast, audit committee meetings significantly but negatively affect listed conglomerates in Nigeria. This study concludes that the frequency of audit committee meetings does not increase the performance of firms. This study recommends that the Security and Exchange Commission ensure that conglomerate firms in Nigeria comply with at least four audit committee meetings in a year to improve monitoring mechanisms and corporate performance.
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    Corporate governance and financial performance of oil and gas firms: The Nigerian experience
    (Eastern Centre of Science and Education, USA, 2024-02-02) Lucky Otsoge Onmonya; Ebire Kolawole; Kehinde Lawal
    As a result of corporate scandals, governments and corporations around the world enacted a slew of laws and recommendations known as best practices codes. As a result, this study examines the effect of corporate governance on the financial performance of listed Nigerian oil and gas firms from 2012 to 2022. The sample size for the study was set at nine firms. Corporate governance was measured by board size, composition, independence, and audit committee size, while financial performance was measured by Return on Asset (ROA) and Return on Equity (ROE). The hypotheses were tested using fixed effect panel regression, which was informed by the Hausman test. Findings revealed that board size has a significant positive effect on ROA while board size have an insignificant effect on ROE. In addition, board composition has an insignificant effect on both the ROA and ROE. Furthermore, board independence has a significant negative effect on the ROA and ROE. Similarly, the size of the audit committee has a significant negative effect on ROA, while the effect on ROE was negative but insignificant. The study concludes that corporate governance significantly affect financial performance of listed oil and gas firms in Nigeria. The Security and Exchange Commission should ensure that listed oil and gas firms adhere strictly to the required board size since a larger board does not influence financial performance.
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    CORPORATE TAX AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED CONSUMER GOODS FIRMS IN NIGERIA
    (African Journal of Accounting and Financial Research, 2023-02-02) Kingsley Sweetwilliams; Lucky Otsoge Onmonya; Ebire Kolawole
    The study examined the effect of corporate tax on the financial performance of Nigerian listed consumer goods companies from 2011 to 2021. A sample of sixteen (16) consumer goods firms was used for the study. Secondary data source was generated from the annual reports of the selected firms. The random effect panel regression results revealed that company income tax negatively affects financial performance. The study also revealed that education tax has a significant positive effect on financial performance. While Value Added Tax (VAT) has a significant negative effect on financial performance. In conclusion, corporate tax has a statistically significant effect on the financial performance of consumer goods firms in Nigeria. Based on these findings, the study recommends that to leave enough net income in the hands of the listed consumer goods companies, the federal government should offer more tax exemptions that will lower company income tax payments.
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    EXECUTIVE COMPENSATION AND FINANCIAL PERFORMANCE OF LISTED BANKS IN NIGERIA: MODERATING ROLE OF HUMAN CAPITAL
    (Journal of Law and Sustainable Development, 2024-02-02) Haleemah Yetunde Zik-Rullahi; Lucky Otsoge Onmonya; Uthman Ahmad Bukola; Ebire Kolawole
    Objective: The study is on the role of human capital on the relationship between executive compensation and financial performance of banks in Nigeria from 2008 to 2022. The work studies the moderating role of human capital on the relationship between executive compensation and financial performance of listed banks in Nigeria. Method: In establishing the relationship, correlational research design was employed. The research encompasses listed banks in Nigerian for the period of study. Utilizing secondary data from annual reports and accounts, a panel regression was employed to test the hypotheses. The study was supported by pay-performance theory on the financial performance measure as NIM. Results: The findings reveal that highest paid director have a negative and significant relationship with financial performance of banks in Nigeria. In the same vein, the study establishes a positive relationship between total compensation and financial performance. However, human capital moderates the relationship between total compensation and financial performance of banks in Nigeria negatively. Conclusion: The study's findings yield recommendations for enhancing financial performance of Nigerian banks. There is need for control on executive compensation of banks as these are vital to the financial performance of banks in Nigeria.
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    Effect of Non-Current Assets on The Financial Performance of Manufacturing Firms in Nigeria
    (Human Resource Management Academic Research Society (HRMARS), 2023-02-02) Enekwe, Chinedu Innocent; Ayogu, Sunday Eze,; Danjuma Bolaji Adeleke
    The study examined the effect of non-current assets on the financial performance of manufacturing firms in Nigeria. The independent variable is non-current assets, proxied by the log of non-current assets, with two control variables (firm size and leverage), while the dependent variable is financial performance, proxied by return on assets (ROA). The ex-post facto research design made use of secondary data drawn from the annual reports and accounts of four (4) companies in the listed consumer goods sector of the Nigerian economy, covering a period of ten (10) years from 2010 to 2019, both years inclusive. The theories of this study were anchored in dynamic theory and organic theory. The E-Views version 9.0 software statistical package was used to run the panel ordinary least squares (OLS) for the study. The multiple regression model was applied to determine the extent of the effect of the independent variable (non-current assets) on the dependent variable (financial performance) of the companies under investigation. The regression result revealed that non-current assets (NCA) have a positive but insignificant effect on the return on assets (ROA) of listed consumer goods companies in Nigeria. Based on the findings, the researchers recommended that management ensure that the amount spent on acquiring non-current assets for the company is monitored and controlled in order to increase their financial performance (profit). Also, the government regulatory body for companies (CAMA) should make sure that only a small part of the profit generated will be used in the acquisition of property, plant, and equipment (PP & E) for the company.