{"title":"The Nexus Between Revenue Generation and Economic Growth in Nigeria","authors":"O. O. Ayoola-Akinjobi, Adeleye Micheal Adekusibe","doi":"10.56201/ijebm.v9.no5.2023.pg26.41","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg26.41","url":null,"abstract":"The general objective of the study is to examine the relationship between revenue generation and economic growth in Nigeria. Ex-post facto research design was used with secondary data collected from CBN database (2012-2022). The dependent variable was economic growth and measured by gross domestic product GDP while the independent variables was revenue generation and measured by oil and non-oil revenue. The study adopt usage the autoregressive distributed lag ARDL model for the data analysis which shows the long-run relationship between revenue generation and economic growth in Nigeria. It was discovered that oil revenue (OILR) exerts an insignificant positive effect on economic growth in Nigeria in the long run at 5% significant value. It implies that a unit increase in oil revenue will lead to 3.709184 units increase in economic growth in Nigeria. Conversely, non-oil revenue has a positive and significant coefficient of 1.257631 units. This implies that a unit increase in non- oil revenue will bring about 1.257631 units increase in economic growth in Nigeria in the long. The study recommends that effort should be made by the governments to diversify the main revenue source from oil to other sectors of the economy such as agriculture, extractive industries in order to increase revenue generated from other sources","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789633","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}
{"title":"Population Dynamics, Energy Consumption and Economic Growth in Nigeria","authors":"Ezebunwa Justice, Leera Kpapih, Young Geoffrey","doi":"10.56201/ijebm.v9.no4.2023.pg19.32","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg19.32","url":null,"abstract":"This paper assessed the nexus between population dynamics, energy consumption and economic growth in Nigeria spanning from 1989 to 2020. The empirical paper employed a Granger causality examination test and vector error correction estimation technique. The Granger causality tests found that there is unidirectional interconnection arising from gross domestic product (GDP), energy consumption (ENEG), mortality rate (MORT), and fertility rate (FERT), which turns optimistically to economic growth in Nigeria influences. Also, the VECM technique exposed that the independent variables have undesirable but no substantial influence on GDP within the period of study. Further more, the empirical study recommends that the Nigerian authority be notified to make straight efforts to control Nigeria's disturbing fertility rate.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790067","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}
Odey Ferdinand Ite, Owan John, Odey Owan, Julie Njarani
{"title":"Exchange Rate Dynamics and Agricultural Sector Performance Nexus: The Nigerian Experience","authors":"Odey Ferdinand Ite, Owan John, Odey Owan, Julie Njarani","doi":"10.56201/ijebm.v9.no8.2023.pg149.167","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg149.167","url":null,"abstract":"The main objective of the study is to investigate the impact of exchange rate dynamics on agricultural sector performance in Nigeria. The study employed time series data obtained from the Central Bank of Nigeria statistical bulletin, World Development Indicators and National Bureau of Statistics. Agricultural sector performance was disaggregated into the overall agricultural, crop, livestock and fishery output. Autoregressive Distributive Lag (ARDL) and Generalized Autoregressive Conditional heteroskedasticity (GARCH) estimation techniques were used to establish the long run relationship among the variables, and the responsiveness of overall agricultural output, crop, livestock and fishery production to changes in exchange rate. It was revealed that long run relationship exists among the variables in all the estimated models. The result of the Error Correction Mechanism (ECM) within the framework of the ARDL shows that exchange rate has significant impact on agricultural sector performance. The GARCH results revealed that the responsiveness of aggregate agricultural output, crop, livestock and fishery production to changes in exchange rate is negative and statistically significant. This study concludes that the government must consciously direct policy actions towards the agricultural sector to achieve its full potentials in order to place the Nigerian economy on the path of self- sufficiency in agricultural production. The study recommends that; the government should implement appropriate exchange rate policy that will ensure sufficient crop production for both domestic consumption and exports. The movement in the market determined exchange rate should be strictly monitored by the apex bank, in order to ensure that the deregulation in exchange rate is not counterproductive through distortionary prices on agricultural production.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790432","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}
Stephen Olajiire Oluwatukesi, L. A. Balogun, Temituope Esimajemite Oluwatukesi, Boluwaji Jaiyesimi
{"title":"Succession Planning and Business Continuity of Family-Owned Business in Lagos State, Nigeria","authors":"Stephen Olajiire Oluwatukesi, L. A. Balogun, Temituope Esimajemite Oluwatukesi, Boluwaji Jaiyesimi","doi":"10.56201/ijebm.v9.no9.2023.pg56.69","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg56.69","url":null,"abstract":"This study investigates the effects of succession planning on the business continuity of family- owned businesses in Lagos state, Nigeria. The study adopted a cross-sectional survey design and computed a sample size of three hundred and sixty-eight (368) from The Nigerian Association of Small and Medium Enterprises NASME database of registered family businesses of eight-thousand three hundred and ninety- six registered family-owned businesses in Lagos state using the Cochran sample size formula. The senior staff and owners of family-owned businesses in Lagos state were purposively selected to fill out the structured questionnaires of the study. The questionnaires were adapted from previous studies and validated via a pilot study conducted in the Oluyole industrial area of Ibadan southwest, Oyo state, Nigeria. The study adopted SPSS version 25 for the descriptive statistics and Smart PLS version 4.0 for the inferential statistics to analyse the data. The study's findings revealed that succession planning influences 30.2% of business continuity, while the remaining 69.8% can be explained by the other exogenous variables different from business continuity. The study concludes that succession planning positively influences the business continuity of family-owned businesses in Lagos State, Nigeria.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790836","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}
{"title":"Population Dynamics, Energy Consumption and Economic Growth in Nigeria","authors":"Ezebunwa Justice, Leera Kpapih, Young Geoffrey","doi":"10.56201/ijebm.v9.no4.2023.pg19.32","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg19.32","url":null,"abstract":"This paper assessed the nexus between population dynamics, energy consumption and economic growth in Nigeria spanning from 1989 to 2020. The empirical paper employed a Granger causality examination test and vector error correction estimation technique. The Granger causality tests found that there is unidirectional interconnection arising from gross domestic product (GDP), energy consumption (ENEG), mortality rate (MORT), and fertility rate (FERT), which turns optimistically to economic growth in Nigeria influences. Also, the VECM technique exposed that the independent variables have undesirable but no substantial influence on GDP within the period of study. Further more, the empirical study recommends that the Nigerian authority be notified to make straight efforts to control Nigeria's disturbing fertility rate.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"128 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849842","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}
{"title":"Socio-Economic Infrastructure and Standard of Living in Nigeria","authors":"Wasurum Edward, L. Kpagih","doi":"10.56201/ijebm.v9.no8.2023.pg118.131","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg118.131","url":null,"abstract":"This study investigated the effect of socio-economic infrastructure on the standard of living in Nigeria for the period 1981–2021. The study used per capita income as a proxy for standard of living, while investments in health, education, telecommunications, and electric power supply were used as infrastructure. The exchange rate entered the model as a control variable. Annual time series data were obtained from secondary sources including the CBN annual statistical bulletin, and World Bank development indicators. The Eview10 Statistical Software was employed to analyze the data empirically. Due to the stationarity condition of the time series data, the study adopted the autoregressive distributed lag (ARDL) model to ascertain its objectives. The study revealed that, in the short run, the coefficient of electric power supply has a positive effect on standard of living and is significant, while in the long run, the coefficient of telecommunication infrastructure has a positive influence on standard of living and is significant. The study concludes that the place of power supply and communication cannot be undermined as Nigeria plans for sustainable economic growth and development. Therefore, it was recommended that there be a deliberate attempt to improve the quality of health care and education. Secondly, the federal government should see the provision of electric power and the reduction in airtime and internet data as the main drivers of the standard of living in Nigeria.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789085","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}
{"title":"The Influence of Leverage, Profit Quality, KAP's Reputation on Audit Quality in Manufacturing Companies Listed on the Indonesian Stock Exchange 2019-2021","authors":"Natasya Audrey, Ratna Mappanyukki","doi":"10.56201/ijebm.v9.no8.2023.pg70.81","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg70.81","url":null,"abstract":"This study aims to empirically prove the effect of leverage, profit quality, KAP's reputation on audit quality in manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021. The method of this research is to use panel data regression analysis which is used to determine the effect of the independent variable and the dependent variable jointly and partially over a certain period of time.In this study the t test and f test were used to test the influence of each variable leverage, profit quality, KAP reputation together on audit quality. The population of this research is 171 companies and the sample used in this research is 83 manufacturing companies listed on the Indonesian Stock Exchange in 2019-2021. This data collection method uses secondary data and is processed by EVIEWS 12. From the results of the t test and f test it is known that the variable leverage, profit quality and KAP reputation have a significant effect on audit quality.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789276","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}
{"title":"Determinants of Audit Fees in Nigerian Consumer Goods Sector","authors":"Ogiriki Tonye, Mathew Gospel Erebi","doi":"10.56201/ijebm.v9.no4.2023.pg75.96","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg75.96","url":null,"abstract":"The purpose of this study is to assess the determinants of audit fees among consumer goods companies publicly listed on the floor of the Nigerian Exchange Group (NGX). Secondary data of firm size, age and profitability (independent variables), and audit fee (dependent variable) from the chosen consumer goods firms in Nigeria's annual reports and accounts from 2012-2022. “Descriptive statistics (mean, median, standard deviation, skewness, kurtosis, and Karl Pearson correlation); diagnostic statistics (variance inflation factor, Breusch Pagan-Cook test for heteroskedasticity, Ramsey RESET test); and inferential statistics (Chi square test, Fisher's exact test, and t-test) were used to analyse the data;” and principal component analysis) and inferential statistics (ordinary least square). Generally, the results showed that firm size and profitability are the measure determinants of audit fees while firm age do not determines audit fees. It is therefore it was recommended that consumer goods companies need to enhance the size and profitability (return on assets).","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"46 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847848","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}
{"title":"Corporate Governance and Financial Performance of Listed Firms in Nigeria","authors":"Olorunlero Solomon Segun","doi":"10.56201/ijebm.v9.no6.2023.pg12.29","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no6.2023.pg12.29","url":null,"abstract":"The objective of this study was to investigate the impact of corporate governance practices on the financial performance of listed companies in Nigeria. The study encompassed three industries: manufacturing, finance, and oil and gas, spanning the years 2010 to 2020. Employing a content analysis approach, data were collected from corporate websites and the Securities and Exchange Commission website. A total of 33 businesses were selected for the study. The study's analysis revealed that a majority of the corporations disclosed the majority of their corporate governance policies. Notably, the banking industry exhibited the highest level of corporate governance disclosure compared to other sectors. This implies that a company's decision to publish its corporate governance information online in Nigeria might be influenced by the regulatory environment of the sector. However, intriguingly, the research did not establish a correlation between a company's corporate governance score and its financial performance. Nevertheless, there was notable variation in the extent of corporate governance reporting across different sectors. In light of these findings, the report recommends that the Securities and Exchange Commission's code of best practices should be made obligatory for all industries in Nigeria. Furthermore, the establishment of a compliance team is advised to ensure that businesses across all sectors in Nigeria adhere to the regulatory mandates outlined in the code of corporate governance.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"344 4-5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139848233","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}
{"title":"Effect of Knowledge Acquisition on Organizational Performance","authors":"Ibojo Bolanle Odunladi, Mobolade Gideon Olakunle","doi":"10.56201/ijebm.v9.no8.2023.pg10.24","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg10.24","url":null,"abstract":"In today's ever-evolving and fiercely competitive business environment, the acquisition, assimilation, and effective utilization of knowledge have emerged as quintessential drivers of organizational success. Knowledge acquisition, which encompasses not just the accumulation of data but also the cultivation of tacit and explicit knowledge, plays a pivotal role in fuelling innovation, facilitating informed decision-making, and fostering adaptability. This study examines the impact of knowledge acquisition on organizational performance, with a null hypothesis guiding the inquiry. The research design adopted was survey research, A purposive technique was utilized. A sample size of 412 respondents from selected manufacturing companies in Oyo State, Nigeria, formed the study's subject group. Data collection was executed through a questionnaire, with a rigorous validation process. The findings of this study indicate a significant positive effect of knowledge acquisition on organizational performance. Enhanced knowledge acquisition is shown to empower organizations to achieve sustainability by developing new competencies that cascade across different organizational levels. This underscores the vital role of knowledge acquisition in positively influencing organizational performance. It was recommended that organizations invest in structured knowledge acquisition processes, mentorship programs, and knowledge management systems. Fostering a culture of continuous learning and knowledge sharing should also be a top priority, as these measures are poised to yield substantial enhancements in overall organizational performance and long-term sustainability.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"220 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139848726","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}