INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE & ENTREPRENEURSHIP (IJMSE) VOL. 6 (5) APRIL, 2018 ISSN: 1839-2373
Nightingale Publications and Research International,
Centre for African Development Studies,
Ministry of Education, Abuja,
Copyright © 2018 Nightingale Research and Publications International.
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AN ASSESSMENT OF THE IMPACT OF TREASURY SINGLE ACCOUNT (TSA) ON THE NIGERIAN BANKING INDUSTRY
Department of Accountancy, Federal polytechnic, Bauchi
The Treasury Single Account (TSA) is a financial program for conducting the internal and external cash flow necessary for executing the public budget of a country. It is an essential tool for consolidating and managing government’s cash resources, thus minimizing borrowing costs. The treasury single account was an initiative under the independent revenue e-collection scheme, which requires that government revenue is put into a single account for proper cash management. Data for the study was obtained from secondary sources and the results of the findings were discussed in narrative form. The study revealed that Nigerian government lacking effective control over its cash resources due to the government cash balance in the commercial banking sector which are not idle for the banks themselves, and can be used to extent credit. Draining this extra liquidity through open market operations imposes costs on the central bank. It is recommended that when commercial banks are involved in revenue collection or expenditure payments, the banking arrangement, including remuneration of commercial banks for providing transaction banking service to the government must be negotiated competitively and contracted by the treasury. The relationship between the government’s primary banker, i.e. central bank and other commercial banks must be clearly defined.
Keywords: Assessment, Impact, Treasury Single Account, Banking Industry.
HARNESSING THE POTENTIALS OF THE INFORMAL SECTOR AS A STEP TO RAPID INDUSTRIAL AND TECHNOLOGICAL DEVELOPMENT IN NIGERIA: PROSPECTS AND CHALLENGES
*S.O.ONIMOLE mni AND **A.B. ADEBUSOYE
*Department of Entrepreneurship, College of Management Sciences **Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, Nigeria
The study examines the potentials of the informal sector of the economy as a step to Rapid Industrial and Technological Development in Nigeria. The study observes that the activities of the informal sector, though highly important go largely unrecorded in the total national accounting. The study surveyed the extent of the informal sector contribution to the development of the nation’s economy and its prospects and challenges. The research design adopted was survey and documentary analysis. The survey involves the collection of data from existing records and findings of the opinion on the subjects through the use of structured questionnaire. Stratified sampling technique was used to select the 420 participants out of which 352 responded for the study. The instrument was validated and pilot-tested to ascertain the internal consistency using Cronbach alpha. Data obtained were analyzed, using mean one-way analysis of variance, percentages and frequency count. Majority of the respondents are of the view that the informal sector plays enormous role in national economic growth and the development as well as in creating local value added and has potential for rapid industrial and technological development in Nigeria. Based on the findings, the study recommended among others the development and drawing up of articulate policy for the sector in which national development goals and objectives are clearly specified and the role expected of the informal sector to play is also stated.
Keywords: Informal Sector, Economic and Industrial Development, Formal Sector and Economic growth.
ACHIEVING THE SUSTAINABLE DEVELOPMENT GOALS (SDGS) IN NIGERIA: ICT AS VERITABLE TOOL FOR ECONOMIC RECOVERY
*RAJI, TOLULOPE OLABIMPE & **RAJI AKEEM OLADEINDE
*Registrar, Gateway Polytechnic Saapade. **Mechanical Engineering Dept. Gateway Polytechnic Saapade
The study is aimed at examining the contribution of Information Communication Technology (ICT) to the Nigeria Economy. The study was carried out within the Ijebu-Ode Township. Sixty (60) respondents constituted the study sample. The demographic characteristics of the respondents necessitated the use of structured interview for data collection. The result showed that ICT can be used as a veritable tool for Economic Recovery.
Keywords: Information Communication Technology (ICT), Veritable, Economic, Recovery, Recovery.
PRODUCTION AND PHYSICO-CHEMICAL EVALUATION OF DAWADAWA CONDIMENT FROM ROASTED REDDISH BROWN VARIETY OF AFRICAN YAM BEAN (SPHENOSTYLIS STENOCARPA) SEEDS.
1DANIEL B.S., 1KURE O.A (MRS), AND 1DONALDBEN N.S
1Department of Food Technology, Federal Polytechnic, Kaura Namoda, Zamfara State.
Dawadawa condiment was produced by traditional or fermentation of roasted reddish brown variety of African yam bean (Sphenostylis sternocapar) seeds and African locust bean (Parkiabiglobosa) seeds. Processed substrates were incubated for 72 hours at room temperature in stainless steel strays lined with fresh paw paw (Asiminatrioba) leaves. P2, P3 and P4 were African yam bean dawadawa condiments boiled at varied times (10, 20 and 30min) compared with that produced from Locus bean (P1) as the control. The proximate composition of the dawadawa condiment are protein ranged from 16.1%-28.9%, Moisture 14.0%-15.75%.Fibre 1.29%-6.5%, Ash 4.77%-6.85% and Carbohydrate by difference ranged from 40.07%-53.94%. The mineral composition are Calcium 26.30mg-27.22mg, Iron 1.30mg-1.35mg, Potassium 69.45mg-95.65mg, Sodium 301.6mg-315.9mg and Phosphorus ranged from 141.5mg-160.4mg, respectively. Sensory properties of reddish brown African yam beans dawadawa condiment were compared with those of African locust bean seed dawadawa condiment. There was no significant difference (P≤0.05) in terms of Aroma, Appearance and Overall acceptability but there was significant difference (P≤0.05) in the taste.
Keywords: Dawadawa, condiment, fermentation, yam bean and Locus bean
APPLICATION OF QUEUING MODEL TO THE CUSTOMER MANAGEMENT IN A BANKING SYSTEM
1AMINU HARUNA,1 USMAN HASSAN AND 2JA’AFAR ALIYU
1Department of Mathematics and Statistics, Federal Polytechnic, Bauchi. 2Department of Basic Studies, Federal Polytechnic, Bauchi.
The application of queuing model is of immerse important in the banking system which include reducing waiting time (queue) which happen to be the most challenge in the banking system. In view of the wide spread economic climate in the country, there is a greater used to manage our time as well as to minimize the lost of customers, it’s also significant to highlight the use of queue model in view of competition. This research consider one week of two working days from 8:15 – 10:45 of a total time of 2hours 18minutes at the withdrawal section of First Bank Bauchi main branch, in which M/M/4 was considered where the arrival time of the customer is exponentially distributed and the service time also follows an exponential distribution in which four servers were considered, a first come first serve basis was also observed. The capacity of the system is infinite, customer arrival rate and service rate was observed, the probability that servers are idle and busy, the average number of customers in the queue (LQ) and also in the system (LS) was obtained, the research observed the problem of queue in the banking system and it was discovered that most reasons that make customers to queue in the bank is as a result of lack of enough servers and Information Communication Technology (I.C.T) application. If servers and Information Communication Technology (I.C.T) application is in a good condition, customers will be serve as they arrive.
Keywords: Average number of customers in the queue ( LQ), Average number of customers in the system (LS), I.C.T, First bank.
DETERMINANTS OF ACCESS TO CREDIT ON AGRICULTURAL PRODUCTIVITY: ANEMPIRICAL EVIDENCE FROM CASSAVA FARMERS IN NIGERIA
BELLO ISMA’EEL USMAN
Department of Economics, Faculty of Social and Management Sciences, Bauchi State University, Gadau. Nigeria
This study examines the relationship between access to credit and agricultural productivity of Nigerian cassava farmers. Credit is critical to agricultural production. However, most farmers in Nigeria have limited access to credit. Even, among farmers who are able to access credit it is unclear whether it has any significant impact on their productivity and ultimately their general economic situation. This study therefore assessed the effect of access to credit on agricultural productivity. Primary data were collected from a random sample of 200 farm households who produce cassava from Benue, Kogi and Nassarawa States. Descriptive statistics and logit model and PSM were employed to analyse the data. Results of the logit model showed that access to credit was significantly influenced by sex, age, household size, farming experience, level of education, farm size, hired labour, extension service andarmer-lender distance. Also, credit has a positive and significant effect on cassava productivity. The study recommends that interventions to raise agricultural productivity in the study area should consider access to credits as a key component. Accordingly, FGN, State and Local Government, Banks and Agricultural credit institutions should adequately fund agriculture with low interest rate.
Keywords: Access to credit, Agricultural productivity, Economic Growth, Logit and PSM
THE IMPACT OF THE FINANCIAL AND ECONOMIC CRISIS ON MILLENIUM DEVELOPMENT GOALS (M D G’S): AN ANALYSIS OF THE NIGERIAN CASE
*VEN. JONATHAN CHODOMEREM EGESI **CYNTHIA EJIOGU (MRS.) ***ONUEGBU REMIGIUS CHINEDU
*Department of General Studies, Imo State Polytechnic, Umuagwo-Ohaji, Pmb 1472, Owerri, Imo State Nigeria. **Department of Social Studies, Alvan Ikoku Federal College of Educaqtion, Owerri, Imo State. ***Department of Business Administration/Management, Imo State Polytechnic, Umuagwo-Ohaji, Pmb 1472, Owerri, Imo State Nigeria.
The United Nations held a millennium summit in May 2000 and officially established what was christened Millennium development Goals (MDGS). These MDG’s were derived from the earlier international development targets set and ratified by all 192 member-state of the United nation and at least 23 international organizations. These goals, they agreed, would be achieved by the year 2015. And the MDG’s were eight and include the following: Eradication of extreme poverty and hunger: achievement of universal primary education, promotion of gender equality and women empowerment; reduction of child mortality rate, improvement of material health; combating of HIV/AIDS, malaria and other disease; Ensuring environment sustainability; and developing a global partnership for development. The aim of these MDG’s was to encourage development by improving social and economic conditions in the world’s poorest countries Nigeria inclusive. Today, however, the on-going financial and economic crisis with global challenges such as climate changes and its grueling consequences for all nations has become more evident that a cross section of people including, development scholars, researchers, social scientists and diplomats are of the feeling that the crisis has mortally impacted on the millennium development goals (MDG’s) in many countries of the world, particularly the developing countries of Africa, Asia and Latin America. Of a truth, the land slide achievement of the eight MDG’s is very much dependant on an environment of financial and economic stability and progress for these to be a sustainable development. Hence, the objective of this paper would be aimed at ex-raying and analyzing how and to what extent the prevailing global financial and economic crisis has impacted negatively on the achievement of the eight millennium development goals (MDG’s) in Nigeria, and to took at the possibility of meeting these global targets by 2015. The paper may also look at ways to overcome the perils of the crisis so the MDG’s would be realized in Nigeria and other poor counties of the world.
Keywords: Crisis, Impact, Analysis, Financial, Millennium.
THINKING TOMORROW TODAY: A PARADIGM FOR PLANNING FOR UNCERTAINTY AND THE NEED FOR THE DEVELOPMENT OF ORGANISATIONAL CULTURE THAT CAN WALK THE TALK (A CASE EXAMPLE OF THE FEDERAL POLYTECHNIC BAUCHI).
1SADEEQ GARBA ABUBAKAR, 2BELLO DOGOJI ADAMU, AND 3YAHAYA MUHAMMAD ADAMU
1, 2 & 3Depatment of Business Administration, School of Business Studies, The Federal Polytechnic, Bauchi, Bauchi State, Nigeria.
Those saddled with the responsibility of steering the activities of an institution need to think tomorrow today in a way that they can plan for the uncertainty. Present and future leader(s) require practical ways to recover the entrepreneurial initiative and stimulating innovation required of our institution, in order to stand the test of time. Thinking tomorrow today is all about generating and manipulating ideas. It is the ability to universalize from here and now to everywhere and always. If it is true that top executives in the years ahead are going to be tested above all by their ability to manage ideas, then they are going to have to understand what it means to think like philosophers and develop skill in doing so. This has implications for management education, training, and selection, especially at the higher levels of administration. It also carries a substantial threat of obsolescence for administrators now holding road responsibilities whose talent, education, and experience have not equipped them to use their intellects in this manner. Organisational culture has received much attention in recent times due to its potential impact on organisational performance. Many of the early studies of this phenomenon identified strong support for the idea that the two were inextricably linked. For example, Kotter and Heskett (1992) claimed that corporate culture has a long-term impact on the performance of the organisation, It was proposed that certain types of culture could enhance organisational performance, and it was suggested that there are significant relationships between organisational culture and performance.
Keywords: Paradigm, Planning, Responsibility, Organisation, Culture
ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IN NIGERIA: PROSPECTS AND CHALLENGES
WALI, YAYA MUKHTAR AND AYANWUYI, JOHNSON
Department Of Accountancy, Federal Polytechnic, Bauchi.
International Financial Reporting Standards (IFRS) have been adopted and are being used by many countries in the world. This is because IFRS is viewed as a universal financial reporting language that can be used by all corporations globally. This study focuses on the prospects and challenges of the adoption process of International Financial Reporting Standards (IFRS) in Nigeria. Data was obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting. Nigeria has a lot of benefits to gain including attracting foreign direct investment, reduction of the cost of doing business, and cross border listing. However, in implementing IFRS Nigeria will face challenges including the development of a legal and regulatory framework, awareness campaign, and training of personnel. Recommendations were made to forestall such challenges which includestrengthening education and training, establishment of an independent body to monitor and enforce accounting and auditing standards.
Keywords: International Financial Reporting Standards, Financial Reporting, Adoption, Accounting Standard, Challenges
ANALYSIS OF COST AND RETURNS OF SESAME (Sesamum indicum L.) PRODUCTION IN BENUE STATE, NIGERIA
BAKARI1 U. M., MOHAMMED2, D. AND IBILA1 B. T.
1Department of Agricultural Economics and Extension, Modibbo Adama University of Technology Yola, Nigeria 2Centre for Arid Zone Studies, University of Maiduguri, Maiduguri, Borno State, Nigeria
The study determines the cost and returns of sesame production in Benue State, Nigeria. A sample of 120 farmers were randomly selected from five administrative wards namely Bar, Mbala, Fiidi,, Modern market and Agan. Data were obtained from respondents with the aid of structured questionnaire. Information for the study were collected after 2016 cropping season. Descriptive statistics and farm budgeting technique were used to analyze the data. Socio-economic profile of respondents showed that majority (82.5%) were married, young (46.7%) abled farmers and 85% had 1-5 years of sesame farming experience. The cost and return analysis revealed that cost of seed (₦1,050/ha) account for 5.18%, cost of labour (₦5,100/ha) account for 25.15%, cost of ploughing (₦5,338/ha) account for 26.32%, cost of herbicides (₦2,340/ha) account for 11.54%, cost of fertilizer (₦5,500/ha) account for 27.12%, cost oftransportation (₦500/ha) account for 2.27% and cost of empty sacks (₦450/ha) account for 2.47% of the total variable cost of sesame production. Fixed cost (₦2,768/ha) account for 2.22% of the total cost of production. The production of sesame in the study area was found to be highly profitable with a net income of (₦28,954.00/ha). It was recommended that adequate fertilizer should be provided at affordable price to sesame farmers. More farm machines should be provided particularly, tractor. This will go a long way in lessening the cost of production, thereby, ensuring improved profit. Farmers should be encouraged to form cooperative societies. Thus, community and family labour should be used instead of hired labour
Keywords: Costs, returns, sesame, production, Benue State, Nigeria
ANALYSIS OF FACTORS INFLUENCING THE ADOPTION OF MODERN LIVESTOCK PRODUCTION TECHNOLOGY AMONG FARMERS IN BAUCHI STATE, NIGERIA
1BABUGA, U.S 2GARBA, A 2DANDAWO, H. 3S.S JIBIA AND 4HAMISU, A.J
1Department of Agriculture Technology, The Federal Polytechnic, Bauchi, Bauchi State, Nigeria 2Department of Agriculture Extension and Management, Binyaminu Usman Polytechnic, Hadejia Jigawa State Nigeria 4Department of Agricultural Technology, Binyaminu Usman Polytechnic, Hadejia Jigawa State Nigeria 3Department of agricultural extension and management, federal college of agricultural produce technology, Kano
Livestock extension services have a vital role to play in livestock production, since it is the responsibility of extension service to disseminate improved technologies in livestock husbandry and management to livestock farmers apart from forming a link between research stations and farmers. This study was carried out to analyse the factors responsible for adoption of the livestock production technology in Bauchi state, Nigeria. Data were collected through questionnaires administered to seventy five randomly selected respondents. Data were analyzed using descriptive statistics, t-test and regression models. It was found that majority (97%) of the respondent attended one form of school or the other. Most, also (78.67%) of the respondents had farm size between 1-3 hectares. Also majority (78.67%) belongs to one organization or the other. And greater percentage of the respondents adopted poultry production, feed and feeding improvement and livestock fattening. The result of the t-test between yield of respondents on number of animals before and after access to extension services shows that there was a significant (p<0.001) difference in the number of animals reared. It also indicated that farm size was significant (p<0.001) while household size, years of farming experience, membership of organization and extension contact were significant at (p<0.005). The major constraint to adoption of animal production technologies were shortage of extension agents, high cost of technology and lack of access to credit facility. The major pre-requisite for the improvement of extension service are employment of more extension agents or workers and adequate training. Adequate agricultural credit to farmers at low interest rates will enhance their adoption of crop and animal production technologies.
Keywords: Analysis, Livestock, Production, Adoption and Technology
GOVERNMENT PUBLICATIONS: ACQUISITIONS, ORGANISATION, AND UTILISATION IN RAMAT LIBRAY, UNIVERSITY OF MAIDUGURI
HASSAN MAIGARI, HABIBA ABDULLAHI (MRS), HADIZA MOHAMMED AHMED
Ramat Library, University Of Maiduguri
This paper examined the acquisition, organization and utilization of government publications in Ramat Library, University of Maiduguri, Nigeria. Records inspection and observation were used to find out the methods and extents of acquisitions, organization and utilization of government publications in Ramat Library. The use of government publications faculty by faculty was studied. Findings revealed that the acquisition of government publications in the university library were mainly through gifts, documents and deposit and publication from Federal government ministries, parastatals, and agencies. The paper recommended the implementation of legal deposits, embarking on regular acquisition tour, legislation on freedom on freedom of information, publication government documents electronically and the use subject specialist in making publication accessible as ways of addressing the problems. The study limited its scope on government publications in Ramat Library, university of Maiduguri. The research guided by four objectives. The result of the study revealed that lack of awareness of publication; funds and non-comprehensive national Bibliography were found to be major problems. Suggestions as to how to curtail the problems included improved method of dissemination strategies and available of current bibliographies.
Keywords: Government, Publications, Acquisitions, Organisation, Utilisation.
TOURISM SECTOR AS MEANS FOR ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA.
MOHAMMED MUSA AND RABIU SANI
Department of Leisure and Tourism Adamawa State Polytechnic
Tourism is one of the largest economic sector, generates employment and foster growth in many countries. Nigeria, a mono economy country, generates eighty percent of the nation’s foreign exchange and remains heavily dependent on crude oil. However, with tourism still at its infancy, Nigeria stands to benefit from diversifying the nation’s economy through tourism. There is therefore the need to consider and put more efforts in developing the tourism sector to serve as added avenue through which the over reliance on crude oil can be outcome. The aim of the study is to find out the role tourism would play if the Nigerian economy is diversified through various avenues especially in tourism sector. The need for economic diversification in most developing and under developing countries are overwhelming because of their defining mono-cultural economic characteristics where only one or two commodities dominate exports and provides the bulk of foreign exchange from which these countries could reconcile their internal and external balances. This paper critically analyses Nigeria potentials, focusing on the impacts on the wider economy. By appealing to the qualitative method of research, the paper include tourism sector has huge potentials yet explored, which is fully supported can contribute significantly to the economy diversification and poverty alleviation efforts of the government.
Keywords: Tourism, Economic Growth, Development, Sustainable Development, Balance of payment.
MARKETING OF INFORMATION RESOURCES AND SERVICES IN ACADEMIC LIBRARY IN NIGERIA
UMAR SHEHU (CLN), ISA IDRIS GULU & DEBORAH SARAH GADO
Department of Library and Information Science Kaduna Polytechnic, Kaduna
The study has been carried out to determine the efficient and effective way to market information services in Academic libraries in Kaduna polytechnic, library. The Library is a collection of resources in a variety of formats that is organized by information professionals or other experts who provide convenient physical, digital, bibliographic, or intellectual access and offer targeted services and programs with the mission of educating, informing, or entertaining a variety of audiences and the goal of stimulating individual learning and advancing society as a whole. Marketing is a term that is mostly associated with business partners in an act of promoting their goods and services. Rather, it is more to spread the word about existing infrastructure and facilities as well as potentially usefully new ones, information system, resources and services. It is also about keeping user informed about library activities and involving collection development. Marketing is a process which carries goods from producer to ultimate customers. The benefits of promoting library services include, increase usage, increased value in the organization, education of users and change perceptions. Opined that promotion is the activity that covers all aides to offer it involves. The importance of marketing information resources cannot be over emphasized. However, the existence of libraries is being challenged. This is because access to information is now very fast and relies on technology. Users now prefer to turn to the internet to source for information than coming to the libraries. Libraries must redesign their services to cope with this era of information technology. These have resulted to non-utilization or under-utilization of services available in the library. The consequences of these are enormous. It results to users not able to locate, access and recognize their information needs. This can also result to low quality of teaching, learning and research activities in our higher institutions. As a result they are unable to meet up with development in the global society. This study employed a survey research method. The instruments used for this study were structured questionnaire, personal observation and short interview. Based on data collected and analyzed of this study.
Keywords: Marketing, Information, Resources, Services and Academic Library.
ARTS AND CRAFT AS DETERMINANTS OF HERITAGE TOURISM PROMOTION AND ECONOMIC DEVELOPMENT AMONG LEATHERWORK ARTISTS IN JOS, NIGERIA.
AUDU ALY FADA
Department of leisure and Tourism Management, the Federal Polytechnic, Bauchi
Art and craft are important in heritage tourism and economic developments, thus, they have great potentials in tourism promotion. However, in Nigeria, arts and crafts hardly receive adequate attention. This study examined contributions of arts and crafts towards cultural tourism promotion and economic development factors which impede the development of the local craft sector within the local tourism industry. Adult members of Jos Community formed the population of the study while Sixty-member staff of Naraguta Leatherworks make up the sampling size. A structured close-ended questionnaire supported with structured interview and documentary records provided the primary sources of data. Mean distribution and standard deviation of responses were calculated to provide basis for discussion and deductions. The study found out that arts and crafts are desired by travelers and tourists and so could contribute reasonably to tourism and economic growth. Public-Private Partnership (PPP) is recommended for addressing the challenges faced by the art and craft industry with a view to reaping the benefits thereof.
Keywords: Arts and crafts, Heritage tourism, Tourism promotion, Development.