American Journal of Multidisciplinary Research in Africa最新文献

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Capital Budgeting and Financial Investment Appraisal: A Review of Archival Literature 资本预算与财务投资评估:档案文献综述

American Journal of Multidisciplinary Research in Africa Pub Date : 2023-08-15 DOI: 10.58314/uuhyt2

Akinpelu Moyosoluwa AWODIRE,, Kabiru Olatoye AGBOOLA,, Temitope Olanrewaju OGUNDOJUTIMI,, Olukoya Olanrewaju ODUMUWAGUN

{"title":"Capital Budgeting and Financial Investment Appraisal: A Review of Archival Literature","authors":"Akinpelu Moyosoluwa AWODIRE,, Kabiru Olatoye AGBOOLA,, Temitope Olanrewaju OGUNDOJUTIMI,, Olukoya Olanrewaju ODUMUWAGUN","doi":"10.58314/uuhyt2","DOIUrl":"https://doi.org/10.58314/uuhyt2","url":null,"abstract":"Abstract: Universally, fund raising issues and capital utilitization have been the heart-beat of all financial managers both in the private and public sector. However, profitable utilization of scarce financial resources by various sectors has become more important as cost of fund raised daily has become increasingly astronomical. Hence, the financial manager must do all that is possible to generate returns that will not only be sufficient to meet the cost of funds but also enough to satisfy the wealth maximization objective of the firm. Raising finance for corporate bodies thus becomes important and of highest import. Thus, the aim of this study is to carry out a detailed review of archival literature on the roles of financial management in capital investment appraisal. In this study, the authors intend to review archival literatures to find out the contributions of financial managers in making good financial decisions and to reveal the impact of capital budgeting techniques on financial projects. This simply will provide the reader full detail information about how the necessary data/materials used in the study was collected. The data used for the research were collected by means of vital and relevant data from secondary sources through the review of some related and available documents such as textbooks, term papers, and business publications like magazines, journals, newspaper, periodicals, published and unpublished works and statistical records. This study found that in other to achieve the desired goals of financial managers in effective decision making senior management of any organization must bear in mind that observation of the doctrine of capital investment appraisal must be obeyed and properly executed in the organization.","PeriodicalId":470377,"journal":{"name":"American Journal of Multidisciplinary Research in Africa","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135164730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Fuel Subsidy and Hyper Corruption in Nigeria 尼日利亚的燃料补贴和极度腐败

American Journal of Multidisciplinary Research in Africa Pub Date : 2023-06-27 DOI: 10.58314/891qwt

James Agiri Eseoghene, Ufuoma Erude Shalom

{"title":"Fuel Subsidy and Hyper Corruption in Nigeria","authors":"James Agiri Eseoghene, Ufuoma Erude Shalom","doi":"10.58314/891qwt","DOIUrl":"https://doi.org/10.58314/891qwt","url":null,"abstract":"Abstract: Fuel subsidy has caused so much mightronares and troubles in Nigeria. It was the hydra problem confronting Nigeria national budget. Issues surfaced on the 29th day of May, 2023, when President Bola Ahmed Tinubu removed fuel subsidy in Nigeria. Greatest number of Nigerians accepted the removal of the fuel subsidy in good faith against the backdrop of its benefits. Fundamentally, the fuel subsidy in Nigeria was used as a conduit pipe to siphon Nigeria’s resources. For example, an erstwhile Minister of Finance in Nigeria in August, 2020 said the federal government of Nigeria spends about N18-397 billion (Naira) on fuel subsidy daily. Also, a forensic audit of Nigerian National Petroleum Corporation (NNPC) by Price Water House Coopers revealed that petrol subsidy cost Nigeria almost ten billion naira between January 2012 and July 2013. Subsidy also distorted market and frustrated investment. “The greatest happiness of the greatest number” theory is adopted as the theoretical framework for this study and used the historical design, and the data collected are from secondary sources. The paper also peruses at the reasons for the removal of fuel subsidy in Nigeria and the gains Nigeria will make thereafter in the fuel industries. This study finds among others that corruption has rubbished the fuel subsidy in Nigeria. This paper finally made some recommendations that government officials and private participants in the petroleum industry found guilty of corruption in fuel subsidy in Nigeria should be sent to the gallows among others. Keywords: Fuel Subsidy: Corruption: Budget: Market Prices: Bureaucracy: Poor Masses: Nigeria.","PeriodicalId":470377,"journal":{"name":"American Journal of Multidisciplinary Research in Africa","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135504116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Societal Relevance of Financial Management: A Case Study in Developing and Developed Countries 财务管理的社会相关性:发展中国家与发达国家的个案研究

American Journal of Multidisciplinary Research in Africa Pub Date : 2023-04-16 DOI: 10.58314/ehi890

Ejos Mercy OGBARI, Samson Preye INGOMOWEI,, Chijioke (MD) ELECHI

{"title":"Societal Relevance of Financial Management: A Case Study in Developing and Developed Countries","authors":"Ejos Mercy OGBARI, Samson Preye INGOMOWEI,, Chijioke (MD) ELECHI","doi":"10.58314/ehi890","DOIUrl":"https://doi.org/10.58314/ehi890","url":null,"abstract":"Abstract: Businesses fail due to lack of proper financial management practices. A lot of countries are in great recession because of mismanagement of public finance. Most developing nations have refused to implement good financial management practices in order to ensure transparency, and economic development in the country. However, the purpose of this research is to examine the relevance of financial management practices in developed and developing countries. In addition to the study, its aim is to compare how financial management practice is done in developing and developed nations. It entails the financial management structure in developed (USA and Canada) compared to that of developing countries (Ghana and Nigeria). The authors used secondary sources by reviewing archival literature of past studies such as journal and conferences proceedings, magazines, books, internet sources and so on. Discussion on how financial management will benefits household individuals, businesses and governments in a country are given in this research paper. The challenges faced in countries for lack of proper financial management practice are also included in this research paper. In this study, the authors found that finance has a great impact on the society, whether it being personal, business or public finances, they all play a key role in promoting growth and development in a country. The authors also found out that financial management help countries to prepare a detailed financial budget on how to track the expense and income of a country. Further empirical studies could be carried out by different authors by using qualitative and quantitative research method in order to get accurate data on the relevance of financial management practice in developing and developed countries.","PeriodicalId":470377,"journal":{"name":"American Journal of Multidisciplinary Research in Africa","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136273070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0