Department of Economics

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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
THE IMPACT OF MARKETING ON BANK'S PERFORMANCE IN NIGERIA
(Acu journal of Social and Management Science, 2015-09) Oke, M.A
The issue of non-performance in the banking industry which has contributed to slow rapid growth and development in the economy has been a major problem to scholars and professionals in the banking sector.
Taxation and Nigeria Economic Growth
(AAU JOURNAL OF MANAGEMENT SCIENCE, 2016-06) Oke, Oluwakayode David; Oke, M.A
The study examined the impact of taxation on economic growth in Nigeria from 1980 to 2014.
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.
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
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 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.
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.
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.
Tax Base Broadening through Improved Business Environment in Nigeria
(TAX ACADEMY RESEARCH JOURNAL (TARJ), 2017-09) Aderibigbe, Timilehin Adebayo; Oke, M. A.
This study assessed the response of expenditure on transport, health, education and access to electricity to shocks from external debt and reserves, and the impact of these infrastructures on tax bases like consumption, real GDP per capita, export, and import. Findings revealed that only access to electricity responds positively to shocks from external debt throughout the 10-year forecast period; transport responds positively from period 1 to 3 only; access to electricity, spending on transport and health significantly impacts import positively; spending on education and health alone positively impacts consumption significantly; spending on health alone positively impacts real GDP per capita. Amongst others, the study recommends long-term source of external finance (bonds, debentures or World Bank power project grants) for improving: access to electricity in Nigeria by generating more megawatts, installing more transformers, and supply more prepaid meters and health facilities in the country.
RECOVERY FROM ECONOMIC RECESSION AND AGRIBUSINESS PRODUCTIVITY NEXUS IN NIGERIA
(Co11ference Proceedings of Tlze I 8"' Anm,al Nario11al Confi!l"ence o/The Nigerian Association 0/Agricultura/ Economists Held At Federal Universitv o/Agriculture, Abeokuta, Nigeria, 2017-10-19) Oke, M. A.
Nigeria has been experiencing a biting economic recession, recording negative GDP growth rates in several quarters consecutively. The current economic recession has been attribu.ed to poor economic planning by the past government, wastages, corruption, lack of policy direction, among other causes. The fact that the current recession is also accompanied by inflation has made it a very difficult situation to tackle. This paper has argued the potency of Agribusiness as an antidote to Nigeria's economic recession. Agribusiness has the capacity to absorb a large percentage of the unemployed and the underemployed, leading to increased growth, a prerequisite for exiting recession.
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.
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.
Higher Education and Gender Equity in South-Western Nigeria
(International Journal of Business and Behavioral Sciences, 2015-06) Oke, M. A.; Oke, O.D.
Nigeria has made enormous strides towards improving access of boys and girls to education at all levels, and in promoting gender equity within the educational system. Yet girl students continue to lag behind in educational achievement and access, particularly at the secondary and tertiary levels, where girls’ enrolment, completion and achievement rates are lower. Girls are under-represented in government schools, and are instead more likely to attend more expensive and lower quality private schools and universities. Despite an enabling policy environment, a number of social and institutional barriers continue to prevent girls and young women from attending schools and universities and from performing equally to their male classmates. Addressing gender equity in the education system, with a focus on improving girls’ educational performance and outcomes, is crucial to meeting Nigeria’s development goals and to protecting women’s human rights within the country. To this end, this study aims at finding possible solution to gender inequity in the system. The main objective is to analyse the gap between girls and boys enrolment and completion of schools in selected Nigerian public and private Universities. The study relied on secondary data from Ajayi Crowther University vis-à-vis University of Ibadan. The data for enrolment and convocation of male and female university students are collected as well as present the findings and the possible recommendation. The Chi-square and graph used for the study.
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.
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.
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.
Effect of Currency Fluctuations on the Economic Growth Potential of Nigeria
(European Journal of Business and Management, 2016) Oke, M. A.; Jerumeh, T. R.; Akinribido, B. B.; Popoola, O. A.; Ogunnubi, C.; Okoruwa, V. O.
The exchange rate is one of the most important determinants of a country's relative level of economic health. This study examines the effect of currency fluctuations on the economic growth potential of Nigeria using the World Bank Development Indicators data from 1970-2012. The study through the Augmented Dickey Fuller (ADF)/ unit root test found that the variables used in the model are integrated of the order one while export and interest rate are integrated of the order zero. Using the Johansen co integration tests shows the presence of long run relationship between variables. The Error Correction Model (ECM) results suggest that exchange rate has a negative significant impact on GDP in the short run and long run. The study therefore recommends that the competitiveness and stability of the exchange rate should be given due consideration as this will increase economic growth through increased investment.
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
Corporate Governance and Firm Performance: Case of Selected Oil Companies in Nigeria
(IOSR Journal of Economics and Finance (IOSR-JEF), 2020-04) Oke, M. A.; Ilemobayo, O. O.; Yusuf, S. A.
Background: Separating ownership from managerial control in publicly traded firms made corporate governance a matter of necessity, due to the possibility of principal agent problem. Mostly, managers protect their own self-interest without regard for shareholders’ returns on investment, this often lead to agency conflict andconsequent loss. Previous studies have focused mainly on manufacturing andbanking sector, however, paucity of information exists in areas of oil firms over the years. Hence, effect of corporate governance on performance of listed oil companies in Nigeria from 2009 to 2018 were investigated. Methodology: Secondary data sourced from Nigeria stock exchange covering 2009 to 2018 were used to examine effect of corporate governance on performance of six oil companies in Nigeria. Data collected include; board size, executive directors’ number, non-executive directors’ number, audit committees’ number, net annual income, shareholders’ equity, net profit/margin, assets for the period, while board composition, return on assets and equity were generated. Data collected were analysedusing Cross Sessional Random Effects Model (REM) of regression analysis. Results: Unit root test indicated that all variables were stationary at level. Audit committee (0.803277), (4.363851) exhibited a positive relationship with firms’ performance,though insignificant, while board composition (-2.647377)(-2.647377) and board size (-0.546097) (-2.948961) had an inverse relationship, though significant with ROE and ROA. All the variables jointly influence firms’ performance positively with R2(0.587999,0.597182) and adjusted R2 (0.544499,0.584174)value, respectively. Conclusion: Audit committees enhances firms’ performance, all variables jointly improve firms’ performance. Measures should be put in place to increase audit committees independence and the extent to which they disclose corporate governance information.

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