Entries on Management
This study assessed the significance of monetary policy on inflationary rate in Nigeria from 1986 to 2016. Quarterly and yearly secondary data sourced from CBN Statistical Bulletin 2016 and World Bank Development Index 2016 were used in this study. The Vector Autoregressive Model (VAR) was used for the estimation. The following variables were analyzed: Exchange Rate (EXR), Inflation Rate (INFR), Broad Money Supply (BMS, Interest Rate (INTR) and reserve ratio (RR). Total Adult Population (ADP) Bank Branches (BB) and Commercial Bank Deposits (CBD) were also used to assess the strength and weakness of monetary policy on inflationary rate in Nigeria through financial exclusion. However, it was found out based on co integration test that there is a long run relationship between the variables employed, the causality test shows a very weak transmission effect between the variables. More so the VAR estimates shows that, interest rate, broad money and reserve ratio are not statistically significant, but expectedly exchange rate is significant and therefore accounts for the variations in inflationary rate in Nigeria. In the same vein the impulse response function shows that exchange rate, inflation rate and money supply responded to shocks on interest rate though in different dimensions and finally, the assessment of financial exclusion shows that, the rate of exclusion has been decreasing overtime but still very high and far more than the rate of inclusion which has rendered monetary policy ineffective and inefficient in tackling inflation in Nigeria. Consequently, it was recommended that: The government should ensure proper coordination of policy instruments so that policy measures are can be transmitted or channeled in order to effectively meet and control target objectives especially inflationary rate in Nigeria. Also the government should ensure exchange rate stability and most importantly our multiple exchange rate system which is detrimental to our economy
Many Nigerian companies especially startups have been struggling to survive and have suffered lack of improvement, periodic downsizing and folding up as a result of contact struggle to remain competitive as a result of lack of ICC. On the other hand the Western part of the world has been labeled the Innovation Economy. In spite of governmental and environmental problems faced by the African countries, this there is more than one approach to achieve success in the field of Marketing and general Business Management. The goal of this research is to create an overview of these perceptions and practices and to see how to further impact organizational growth in terms of more revenue generation and increased market share.
This book is directed primarily at those following an introductory and subsequent course in managerial cost accounting (a term used to refer to cost management, cost and management accounting). Many readers will be studying at a university or college, perhaps majoring in accounting or in another area such as management, business education, information technology or engineering. Other readers may be studying independently, perhaps for professional qualifications like ICAN, ANAN, AIB etc., or they will be studying with no formal qualifications in mind. The authors are mindful of the fact that most readers will not have studied managerial cost accounting before. Therefore the book is written in an accessible style in order to avoid technical jargons in management cost accounting and control. Where technical jargon is unavoidable, attempts have been made to introduce them gradually and explain them clearly. The book comprises fifteen chapters, organised in four parts; and covers all the areas required to gain a firm foundation in the subject.
The Marketing world is changing rapidly. Global economic conditions, political situations, demographic variables and competitive landscapes are in a constant state of change. Marketing strategies/approaches that yield positive results yesterday may not work tomorrow. This has actually created a wide dislocation in information, strategies and skills needed in meeting up with emerging challenges. The only way to bridge this gap is by doing things differently at different times in tune with the peculiarities of the operating environment. This book, therefore, tends to bring home the basic rudiments of Marketing Management and presents its fundamentals in a comprehensive manner while at the same time relating its concepts and techniques to the peculiarities of a developing society like ours. Although there are a lot of excellent textbooks in Marketing Management, most of them have been written in a different form/style - most of them are inclined to the West.
The book Management Issues in Education is another attempt to meet the need of all categories of students in educational management. The topics chosen and discussed in this book were carefully determined from the context of their relevance in bringing some critical areas in educational management into focus.
The book Marketing Management is primarily written to provide invaluable companionship for students, educators and professionals in the field of Marketing. Its unique position provides an all-round decision making tool that attempts to reflect the changes taking place in the modern landscape of marketing. As an integrated and comprehensive text, the book adopts a learner-friendly approach that lays emphasis on providing a clear understanding of the theoretical aspects of Marketing Management so as to enable readers easily apply them to real life situations. With its clear and comprehensive coverage, the book is ideal for practitioners, self study, and equally meets the requirements of undergraduate as well as postgraduate students of Marketing and Management.
The book Management Issues in Education is another attempt to meet the need of all categories of students in educational management. The topics chosen and discussed in this book were carefully determined from the context of their relevance in bringing some critical areas in educational management into focus. The book contains twelve chapters carefully packaged to address the nature and issues in educational management. The chapters are systematically arranged starting from the historical perspective and theories of educational management. Other issues which form part of the chapters in this book are educational planning, the principle and practice/issues in the management of school, leadership issues in education; school programmes, school and discipline, issues on modern school heads, school community relationship, management of human resources in education; politics and education in Nigeria, and contemporary issues in educational management. This book is therefore written not only to serve students of different categories, but also educational managers, educational administrators in the Ministry of Education, TSB, Primary School Board, serving teachers as well as other practitioners, who will find this a very useful volume. The authors welcome any genuine and constructive criticisms as well as suggestions for the improvement of this book, while they accept full responsibility for errors and imperfections that may appear in the text.
This study assessed the impacts of Exchange Rate Volatility on Inflationary Rate in Nigeria from 1986 to 2016. Secondary data sourced from CBN Statistical Bulletin 2015 was used in this study. The Autoregressive Conditional Heteroskedasticity (ARCH) was developed and applied by the authors where the following macroeconomic variables were used: Exchange Rate (EXR), Inflation Rate (INFR), Broad Money Supply (BMS) and Interest Rate. The ARDL Bound Test was used to assess the long-run relationship between exchange rate volatility and inflation in Nigeria and more so the study employed granger casualty test to identify the causality between exchange rate volatility and inflation in Nigeria. It was however; found out that exchange rate volatility has a negative relationship with inflation. The effect of exchange rate on inflation is very weak and low. Interest rate and Broad money supply also have negative effect on inflation rate in Nigeria, while GDP has a positive effect on inflationary rate in Nigeria. In the same vein the co-integration test shows that, there’s a long run relationship between inflation and exchange rate volatility in Nigeria and finally the granger casualty test shows a unidirectional casualty between the two variables inflation and exchange rate volatility, it shows that inflation causes exchange rate and not otherwise. Hence it was recommended that: The government should take a bold step to ensure exchange rate stability so that investors can have confidence in our financial system and the government as a matter of urgency should also diversify the economy in order to boost productivity, revive every sector of the economy that is not so that normalcy and price stability can be achieved in our economy.
The issue of unemployment has been a major challenge to most nations and it still remains on the front burner today. This study empirically assessed the impact of unemployment on economic growth in Nigeria from 1990-2013 Using the ordinary least squares estimation technique. The empirical analysis carried out shows that unemployment has a negative and non-significant relationship with gross domestic product. Also, the average capacity utilization rate and the government expenditure both have a positive and significant relationship with the gross domestic product, which is consistent with a-priori expectation. The coefficient of determination (R2) of 0.867 shows that about 87 percent of the variation in real gross domestic product was explained by variation in the independent variables. An important implication of the findings is that unemployment has far reaching negative consequences on the economic growth of Nigeria. Finally, this work suggests that in order to achieve sustainable economic growth which is a necessary condition for economic development, the Nigerian government should develop the private sector to be more vibrant and to venture into vital aspects of the economy (pumping the prime), such as, manufacturing, and mechanized agriculture. It was also recommended that the government should give more attention to vocational education to boost economic growth.
The word poverty is a paramount case in the lives of most individuals in the developing countries like Nigeria. While poverty has been perceived as an economic malaise, social disequilibrium, it is apparent that its effects on the social system make it a debilitating social problem. This explains why every reform policy is geared towards poverty reduction. In fact, poverty reduction is number one millennium developments goal. To what extent has the National Poverty Eradication Programme (NAPEP) affected the level of poverty among women in Kogi state in 2014? This is the question that this research sought answer for. Using descriptive statistics such as tables, percentages, charts, frequencies and the chi-square method to test the hypothesis, the results obtained from the chi-square test revealed that the National Poverty Eradication Programme has significant effect on the level of poverty among women in Kogi state and statistically significant at the 5% level of significance.The research finds out that the poor communication network between the NAPEP agency and the people, inadequate personnel and the corruption that exists in the agency poses as a strong factors limiting the rate of diffusion and consequently, the effectiveness of the programme in Kogi state. However, certain recommendations were considered valuable for enhanced service delivery; government should employ more personnel and NAPEP staff should be well trained, thereafter, a monitoring committee that will monitor the activities carried out by the agency to prevent the embezzlement of funds put in place by the government to alleviate poverty should be established for efficient service delivery. This is with the view of making the National Poverty Eradication Programme more effective in the alleviation of poverty.
This study examined the relationship between non-Oil exports and economic growth in Nigeria from 1986 to 2015. Secondary data sourced from World Economic Indicators, 2015 was used in this study. A vector Autoregressive Lag model was developed and applied by the authors where the following macroeconomic variables were engaged: Real GDP used as a proxy for economic growth, Non-Oil export (NOEXP), Degree of Economic Openness (DOP), Exchange Rate (EXCH), Real Interest Rate (RIR) as well as Inflation Rate (INF). OLS technique, co-integration technique, and granger causality were employed to analyse the data and the result revealed that, Non-oil export had a positive and significant impact on economic growth in Nigeria in relation to the reviewed period. It was also discovered that there is a unidirectional relationship from real GDP and Degree of Economic Openness (DOP) to Non-oil Export meaning that, RGDP and DOP causes non- oil export but non-oil export does not cause RGDP and DOP.Hence it was recommended that Since non-oil export appeared to be positively correlated with the real gross domestic product, government and her policy makers as well as other important and relevant stake holders are advised to put all hands on deck to draw policies that would promote non-oil export in the country so as to get our export improved.
The study evaluated the major constraints hampering the effective functioning of the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tool of analysis is the Likert scale of analysis. The study find out that, while unfavourable organization policy, insufficient funding, poor group cohesiveness, poor spread of network of branches, politics in allocation of credit, inadequate competent staff and lack of information are seen as major constraints hampering the effective functioning of NACRDB in Kogi State, high interest rate, misappropriation of fund and inadequate personnel training and development is not a major constraint hampering the effective functioning of NACRDB in Kogi State. [Adofu et al. An Evaluation of The Major Constraints Hampering the Effective Functioning of the Nigerian Agricultural Cooperative and Rural Development Bank in Kogi State, Nigeria. A Case Study of Food Crop Farmers Loan Beneficiaries.