Faculty of Social Sciences

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MEETING THE MILLENNIUM DEVELOPMENT GOALS IN THE PRESENCE OF THE GLOBAL FINANCIAL CRISIS: THE CASE OF NIGERIA
(Journal of Management and Corporate Governance, 2011-03) Joseph, A. I.; Oke, M. A.
This study examines the implications of the economic crises in the achievement of the MDGs in Nigeria. The paper begins with a survey of theoretical issues relating to the origins of the crisis and ends by suggesting policy proposals that would facilitate the attainment of the goals. Result shows that the global economy is facing a crisis of monumental proportions which no doubt will refrain the economy from achieving the goals. The financial crisis cum economic meltdown put under threat not only the prospects for achieving the Millennium development Goals (MGDs) but raises a real possibility of reversing some of the progress already made in chasing these goals. The study therefore recommends the need to make economic growth more broad-based and employment inducing so as to make a dent on poverty, and for the world trading system to guarantee trade justice such that the world's poorest countries will stand the chance, with the right support, to set themselves on a sustainable path if the economy must enjoy the basic reasons for the formulation of the MDGs.
An Empirical Investigation of the Liquidity-Profitability Relationship in Nigerian Commercial
(Journal of Economics and Sustainable Development, 2013) Oke, M. A.; Ayodele, Thomas
The study critically assessed the relationship between liquidity and profitability of Nigerian commercial banks. Purposive sampling method was used to select First Bank Nigeria Plc as the case study being the oldest and the biggest among the 24 commercial banks currently operating in Nigeria. Secondary data collated from First Bank’s annual reports of ten years (2002-2011) were used for the study. The regression analysis of ordinary least square was employed to analyses the data. Student’s test was also used to test the relevant hypothesis.Findings show that there is a very high correlation between liquidity of banks and their profitability.
Appraisal of Change in Investors’ Behaviour During and After the Speculative Bubbles and Crashes of the Nigerian Capital Market
(Journal of Business and Organizational Development, 2013) Oke, M. A.
The high appraisal of the aggregate market in respect to high price earnings ratio and high asset prices experienced in the equity and asset markets in the end of 1990s and the imminent fall 2008 ascribed to the speculative bubble crash and consistent with investors’ irrational behaviour, wrong human judgement of the 2008 market decline due to bad credit lending. It is against this background, that the study appraises how both active private and institutional investors’ are influenced by these biases and what influences them to change their investment portfolio during and after the speculative bubble and crash of 1998 to 2009. The use of questionnaires was adopted and directed to both institutional and private investors to get an understanding of what their trading pattern was like; and looks at the behavioural bias that influenced their method of stock picking in the past. The result obtained during the analysis shows that market participants during the speculative bubble and decline of the market are irrational in their decision and this change the composition of the market. During the high valuation in equity price of companies, behavioural factors influenced investors’ decision. This result shows that the fundamental value of a company did not affect market overvaluation. The media also played an important role in disseminating information to both investors. Media proved to be most effective in determining the fundamental valuation of assets today when personal intuition has a great impact on investment decision. The overconfidence bias also influences the decision of investors’ greatly during the speculative bubble this explains the self-attribution and hindsight bias in investors. The fact that most investors’ consider the market overvalued shows the manifestation of this bias. This supports the EMH theory that investors’ think that they can predict and outperform the market. Conclusively, the common knowledge of the factors underlying the speculative bubble before its imminent burst and the way psychological factors influences our decisionmaking should stand as a guide against a reoccurrence of this phenomenon and improve the efficiency of today’s reviving financial market.
THE IMPACT OF COMMERCIAL BANKS’ ACTIVITIES ON RURAL ECONOMIC DEVELOPMENT IN NIGERIA
(International Journal of reseach in Commerce, Economics & Management, 2013-03) Oke, M. A.
Despite the countless numbers of rural development policies introduced at different times by successive governments coupled with the huge financial and material resources employed, little or nothing is felt at the rural level as each policy has often died with the government that initiated it before it starts to yield dividend for the rural dwellers. It is against this backdrop that this paper examines the impact of commercial banks activities on rural economic development and; also to determine the relationship that exists between various activities of commercial banks and the development of the rural economy and its populace. In line with the objectives, two hypotheses were formulated. The population and the sample of the study were all the Commercial banks in Nigeria. The study utilized data from secondary source. Data were obtained from the Central Bank of Nigeria’s (CBN) Statistical bulletin. The time frame for the study is twenty-eight years, covering the period of 1982 to 2010. The technique of analysis used in the data was Linear Regression Analysis. We concluded that even though commercial banks activities such as giving out loans and receiving deposit has positive impact on the rural economy, there is room for the Commercial banks to gear more of its activities towards the development of the rural economy. The study calls on appropriate authority such as the government to ensure the consistency of policies that will enhance rural development. Similarly, Bankers Committee to encourage activities by Commercial banks towards the development of rural economy.
THE EFFECT OF PENSION FUNDS ON THE GROWTH OF NIGERIAN ECONOMY
(INTERNATIONAL JOURNAL OF RESEARCH IN COMMERCE, ECONOMICS & MANAGEMENT, 2013-07) Oke, M. A.
This work evaluates the effects of pension funds on the growth of Nigerian economy. Pension funds are ranked among the largest institutional investors in developed countries by assets under management. According to the Organization for Economic Cooperation and Development (OECD), pension funds assets in six of the non-emerging OECD countries amounted to $8.5 trillion in 2001. Thus the main thrust of this study is to analyze the role of pension funds as an institutional investor on emerging market for the period 1970-2010 using Nigeria as a case study. The data used in this study are time series. A stationary test was conducted to know their various levels of stationary (levels of integration). Ordinary Least Square (OLS) was later conducted based on the data derived after this test. This is because the data of the variables were stationary at both levels and at difference. During the cause of the estimation and analysis, it was discovered that the major determinants of real GDP is the physical capital of the economy. It therefore suggests that the federal government should aim at proving more capital which will increase the level of growth in the country. It was also discovered that there was an insignificant relationship between pension funds and economic growth. This could be attributed to the poor economic conditions, unstable financial sector, lack of commitments on the part of the government, high rate of corruption and lack of trust worthiness within the system which could be corrected if proper policies are put in place and been fully implemented. Investment portfolios of pension funds should also be diversified towards private and international instruments in order to reduce risk. Also, pension reforms should needs to be complemented with other reforms in the economy such as social security, labour market and financial sector in order to have an overall effect on the economy. Finally, policies should be formulated towards the integration of the defined benefits and defined contributions plan and work towards institutionalizing the multi-pillar system of the economy.
EFFECT OF INTEREST RATE DEREGULATION ON DEPOSIT MOBILIZATION IN THE NIGERIAN BANKING
(International Journal of reseach in Commerce, IT & Management, 2013-07) Oke, M. A.
This paper examine the effect of interest rate deregulation on deposit mobilization in the Nigerian Banking Industry.
The administration of FADAMA and agricultural sector performance in Nigeria
(Elixir, 2013-07-27) Omonona, B. T.; Oke, M. A.
Agriculture was the mainstay of the Nigerian economy before the discovery of oil in commercial quantity in the late 1960s to early 1970s. The sector provides employment opportunity for a larger portion of the nation’s population. So also is the provision of raw materials for most industries and provision of food for the nation. With the discovery of oil in the country, the sector has been witnessing decline in terms of performance. This has prompted the government in the early 1990s to establish fadama among many other measures aim at alleviating the problem facing agriculture. This study therefore examines the impact of fadama administration on the performance of agricultural sector in Nigeria. The study adopted qualitative analysis by comparing agricultural sector’s performance pre and post fadama establishment. The findings show mixed fortune in the performance of the sector. Whereas the total agricultural production has been on the increase, it has not been enough to meet the domestic consumption as the nation still import some agricultural products especially food items. Also the contribution of the sector to GDP is declining much as labour mobility from the sector to more lucrative sector is becoming rampant. The study therefore concludes that more funding be allocated to fadama in particular and the entire sector in general so as to address the problems detected by the findings.
Human Capital Development with Evidence from Households in Nigeria
(AAU JOURNAL OF MANAGEMENT SCIENCE, 2013-12) Ola O., Kehinde; Oke, David O.; Oke, M.A
Human capital is an important factor in economic growth and its growth has been anchored on the government; forgetting that the households also play significant roles.
Gang Mores in Nigeria: The Prospect and Challenges
(Developing Country Studies, 2014) OPEYEMI IDOWU, ALUKO
Indeed, gang culture had become an issue which gives the government, parents and other policy makers a huge concern. Of every ten boys’, six belong to a gang or being affected by gang operations. The purpose of this study is to present an analytical view of the nature, trend and dynamism of gang culture in Nigeria using the city of Lagos as a case study. The choice of the case study is due to the fact that Lagos is a mega city which will best capture the issues related to gangs and at the same time ably represents all other parts of the country and indeed cities across the world. The methodology used in this work is an exploratory case study approach of group theory. Focus groups and archival data are used to explore different perspectives on the phenomena of gang culture. The findings show the trend of gang culture growth from joblessness to aggrieved youths and to armed groups. Also that a great treat is poised on the peace and security of the society if a concrete solution is not meted out. The study suggests a need for a working collaboration of the government, the parents and other social reformative agencies or organizations so as to rally round the youths in other to reduce the menace of gangs on the life of the society. Conclusion is however drawn on the fact that there is a rapid proliferation of gang culture in Nigeria, most among the youths of less than twenty years of age and the next generations might witness serious growth of terrorist attacks than what is being witness at present if this menace is not curbed effectively.
INVESTMENT IN EDUCATION AND HOST COMMUNITY'S ECONOMIC BENEFITS: THE SAMUEL ADEGBOYEGA UNIVERSITY EXAMPLE
(AEFUNAI JOURNAL OF ACCOUNTING, BUSINESS AND FINANCE (FJABAF, 2014) Ola, Kehinde Oluwole,; Oke, David Oluwakayode,; Oke, M. A.
Investment in education especially in private universities has become a dominant trend in Nigeria in the recent times and some factors have necessitated the location in rural communities. There is therefore the need to examine the impact of such investment on their host communities using Samuel Adegboyega University as a reference point. 100 households in the community were investigated using Probit regression to analyse the categorical variables such as ease of employment generation, growth in SMEs, community partnership and infrastructural development employed. Findings revealed that all these variables are significant and positive except for employment of male members of the household which is significant but negative. This implies that at the present the male- member of the households need higher education to achieve good pay in the university. The study therefore recommends that ll large- scale investors in education need to inculcate the livelihood means of the host communities into their programmes in order to empower them and make them self- reliance.
Exploring the Link between Total Quality Management and Business Performance
(European Journal of Business and Management, 2014) Oke, M. A.; Oke, O. D.
The study examined the influence of total quality management on business performance in manufacturing industry in Nigeria with a particular reference to Nestle Nigeria Plc. The broad objective of this study was to examine how leadership, supply quality management, employee participation, recognition and reward and quality system management predicted business performance. The study employed survey research. Primary data was used for the study with questionnaire as research instrument. The subjects were two hundred employees from Nestle Nigeria Plc. The six hypotheses formulated for this study were tested using multiple Regression and Pearson correlation. The findings for this study revealed that leadership, supply quality management, employee participation, recognition and reward and quality system management jointly and independently predicted business performance. Based on the findings of the study, it is recommended that management should try to update themselves on the various TQM practices so as to face the competitive environment.
The impact of commercial banks activites on small and medium enterprises in Nigeria
(Elixir, 2014-03-15) Oke, M. A.
In Nigeria credit has been recognized as an essential tool for promoting Small and Medium Enterprises since over 70 percent of the population are engaged in the informal sector. Thus, the government have recognized that for sustainable growth and development, the financial empowerment of the rural areas is vital being repository of SMEs. It is against this background that this paper seeks to examine the impact of commercial banks activities on SMEs in Nigeria Consistent with the objective, hypothesis was formulated. The population and the sample of the study were all the Commercial banks in Nigeria. The study utilized data from secondary source. Data were obtained from the Central Bank of Nigeria’s (CBN) Statistical bulletin. The time frame for the study is eighteen (18) years, covering the period of 1993 to 2010. The technique of analysis used in testing the data was Linear Regression Analysis. We concluded that even though commercial banks activities such as giving out loans and receiving deposits have positive impact on SMEs, there is room for the Commercial banks to gear more of its activities towards SMEs development in Nigeria. The study calls on appropriate authority such as the government to ensure the consistency of policies that will enhance SMEs development. Similarly, the Regulatory Authority and the Bankers Committee should encourage activities by Commercial banks to provide adequate funding to SMEs through SMEEIS.
Achieving Vision 20: 2020: The Role of the Nigerian Capital Market
(IOSR Journal of Economics and Finance (IOSR-JEF), 2014-04) Oke, M. A.
This study examined the role of the Nigerian Capital Market in achieving the vision 20: 2020 in Nigeria. However, the main aim of vision 20:2020 is to improve the standard of living of the average Nigerian. Applying co-integration and error correction modeling to stock market performance and per capital income time series data, this study has helped in highlighting the specific roles of major indicators of the capital market, which are relevant in testing the stock market-economic growth nexus. The findings indicate the separate roles played by the primary capital market and the secondary capital market in the growth of the Nigerian economy are capable of achieving vision 20:2020. By and large, the evidence from this study revealed that while activities in the secondary capital market tend to grow the Nigerian economy through its wealth effect that of the primary market ironically did not
Global Economic Melt –Down and the Nigerian Banking Industry-A Review
(IOSR Journal of Economics and Finance (IOSR-JEF), 2014-04) Ayodele, Thomas D.; Oke, M. A.
The paper reviewed the impact of the recent global financial crisis on the Nigerian banking industry. The global financial crisis which originated from the united state of American has spread to other point of the world including Nigeria. This has caused the risk of global recession to be heightened significantly and the volatility of commodity prices, which is the main stay of most developing countries like Nigeria has increased further. It was discover that, there has been a decline in export of Nigeria, cash drain from the economy, increase in unemployment, fall in equity market and decline in remittance from abroad among others. And up till the present moment, Nigerian banking industry is yet to recover fully from the financial shock even when other economies have recovered. However, it was found out that problem comforting the Nigeria banking industry was not only the global phenomenon but large scale corruption which had made the banking sector unstable before the era of the global crisis. It was recommended therefore that the monetary authority should be more fortified by the government of Nigeria, so that they can perform maximally and restore confidence and trust in the Nigerian financial system. The enabling environment should be created in other to attract more and serious minded investors to the economy in other to be able to maintain a buffer against any future financial shock.
The Relationship between Organizational Survival and Employee Mental Ability
(International Journal of Business and Social Science, 2014-05) Olughor, Rukevwe Juliet; Oke, M. A.
Business scenery has changed intensely over the last decades, so alterations of business strategies and human resource (HR) practices in organisations are required in order to adapt to these changes. The pressure from competitiveness of the market and ability of organisations to withstand these pressures require organisations to be concerned with human resource management activities, and innovation competence. The general consensus among scholars is that employees play a central role in the process and survival of organizations. Their involvement in shared visions of their leaders, participation in decision making is seen as crucial. Therefore, organisations are increasingly looking for ways to enhance their ability to innovate effectively in order to survive in a challenging competitive environment. The study is exploratory in nature. Data were collected from employees of six selected business organisations. The study attempted to find relationship between organisational survival the independent variable which was measured with sub- variables of innovation, leadership support and employee empowerment and the dependent variable is employee mental ability. The result shows that all three independent variables are positively related to employees’ mental ability. It was concluded that greater involvement of employees in organisations activity, generally means continued improvement in organisational performance and survival
A Study of Voters' Turnout in the University of Ilorin Students Union Election of 2015
(Political Science Review, 2015) Aremu, Fatai A.; Saka, Lukman; Isiaq, Abdulwaheed A.; Aluko, Opeyemi I.
Every human interaction has an iota of politicking prowess. Political participation transcends the electioneering period. It includes the pre election, election and post election period. It is the hallmark of a vibrant political entity. The school as an agent of socialization is a replica of the nationwide politics; therefore, it has its political atmosphere. Students' elections are fundamental to the school authority as it produces student representatives that will stand as intermediary between the students and the school authority. The focus of this paper is to assess the factor affecting the level of political participation of students in the election of their representatives. The rational choice theory is used to explain why voters votes or not. The quantitative methodology is as well adopted to assess the level of political participation of students in the union election. Conclusion is premised on the ground of building the nation's democracy from the grassroots of tertiary institutions while a rapid response to the culture of political apathy is recommendation.
Determinants of National Food Security in Nigeria
(Journal of Economics and Sustainable Development, 2015) Oke, M. A.
Food is a basic necessity of life and it is required for both human and economic development. Considering the massive movement of labour and other productive resources away from the agricultural sector as a result of the oil boom in the early 1970 which, constituted a lot of problems to the food security situation in Nigeria, this study examines the determinants of national food security in Nigeria. The study found out that the various problems encountered by the food sector in the economy include; policy ineffectiveness, high cost of production, high exchange rate, increasing population e.t.c. These factors cause inflationary pressures on food prices and they are the reasons why food security in Nigeria has worsened in the country over the yearss. However, this study recommends that food security situation in Nigeria can be greatly improved upon if the cost of production in agriculture can be reduced and if the exchange rate prevailing in our country can be lowered. The study also suggests that food production should be in line with the rapid population growth in order to save the country from the high rate of poverty
IMPACT OF LEASE FINANCING ON THE PERFORMANCE OF MANUFACTURING SECTOR IN NIGERIA
(Ilorin journal of Marketing, 2015) Oke, M.A; Adeyeye, Tolulope Charles
Financing the acquisition of capital asset has continued to be a major hurdle amongst manufacturing firms in the country particularly with the introduction of structural adjustment programme (SAP) in Nigeria in 1986
International Donors and Democracy Promotion in Africa: Insights from the Activities of the Department for International Development (DFID) in Nigeria
(NJIA, 2015) Saka, Luqman; Aluko, Opeyemi; Ifejika, Solomon I.; Amusan, Lere
Since returning to civil rule in 1999, Nigeria has enjoyed international support and assistance directed at strengthening the capacity of its democratic institutions to deliver on their core mandate thereby aiding the sustenance and deepening of the nation’s democratic process. International financial assistance and technical supports to stakeholders in Nigeria democratic project have been delivered through international development institutions and agencies of which the United Kingdom, Department for International Development DFID remains important. While studies have assessed the contributions of international development assistance to democratic promotion in Africa, there has not been much engagement with the work of particular international development agencies as case studies. Given this context, this article examines the contribution of DFID to the strengthening of democratic institutions and deepening of the democratic process in Nigeria through the agency funding of programmes and projects that are directed at enhancing the capacity of democratic institutions, civil society organizations and other stakeholders in the nation’s democratic project.
URBAN VIOLENCE IN NIGERIA: OF FROG, PIG AND GOAT
(Cambridge Research and Publication International, 2015-04) Aluko, Opeyemi Idowu; Osebi Sophia, Balogun; Mu’awiyya, Albudullahi
Ever since mans’ existence violence had been an integral part of human society. Urban violence has become popular among nations with gains and pains. Several methods had been devised to mitigate the effect on man but little had been archived

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