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Browsing by Author "ADEMOKOYA ALADE AYODEJI"

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CREDIT RISK MANAGEMENT AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA
(MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2020) ADEMOKOYA ALADE AYODEJI
Banks in all climes are primarily faced with problem of credit risk whenever they mediate between the surplus and the deficit units of the economy. This study examined the impact of credit risk management on the profitability of deposit money banks in Nigeria. Specifically, this study evaluated the impact of credit risk management on return on assets, return on equity, and net operating income of deposit money banks in Nigeria. This study adopted an ex post facto research design. Nineteen listed deposit money banks as at December 31, 2018 form the population of this study out of which a sample of fifteen banks were selected based on complete availability of data from 2007-2018. Data obtained was subjected to fixed and random effects regression estimations for the various models in this study using the Hausman test. Findings revealed that: (i) loan-value ratio and loan-deposit ratio significantly impacted on return on assets of deposit money banks, while non-performing loan ratio, bank size, and log of total loans did not significantly impact on return on assets of deposit money banks in Nigeria; (ii) total loans significantly affected return on equity of deposit money banks, while loan-value ratio, loan-deposit ratio, bank size, and nonperforming loans did not significantly affect return on equity of deposit money banks in Nigeria; and (iii) bank size, non-performing loan, and total loans were found to significantly affect net operating income of deposit money banks in Nigeria, while loan-value ratio, and loan-deposit ratio did not significantly exert on net operating income of deposit money banks in Nigeria. The study therefore, concluded that loan-value ratio, loan-deposit ratio, value of total loans, bank size, and non-performing loans influence banks profitability in Nigeria, and recommended that proper attention be paid to these variables in order to increase the profitability of deposit money banks in Nigeria.
DEPOSIT MONEY BANKS' FINANCING OF SMALL SCALE BUSINESS AND NIGERIAN ECONOMIC GROWTH
(DEPARTMENT OF ACCOUNTING, KADUNA STATE UNIVERSITY (KASU), 2014) ADEMOKOYA ALADE AYODEJI; AINA TAIYE JOHN
Unemployment and poverty can be brought to a minimum in Nigeria if the strength of it's small business entrepreneurs can be combined with loan accessibility. The 2013 World Bank development report revealed that both small and medium-scale enterprises operating in Nigeria contribute less than 5% to the Nigerian Gross Domestic Product (GDP), as opposed to over 40% and 50% in Asian countries, the United States, and Europe, respectively. Perhaps the deposit money banks are not carrying on their traditional lending functions to small businesses as expected, and that led to their little contributions to the Nigerian GDP as compared to their Asian and United States counterparts. This study therefore examines the influence of deposit-money bank financing on small businesses and economic growth. Primary and secondary data were used. The data obtained was subjected to OLS regression. Findings showed that loans advanced by the deposit money banks to small businesses have significant impacts on the Nigerian GDP, though with attendant challenges. The study therefore recommends that the central bank of Nigeria should ensure adequate monitoring of the deposit money banks by ensuring that their primary lending function is made to small-scale businesses, as this will not only positively impact their contribution to GDP but also positively impact entrepreneurs economic lives vis-à-vis job creation and poverty alleviation.
DETERMINANTS OF LENDING BEHAVIOR IN NIGERIAN MICROFINANCE BANKS
(FACULTY OF MANAGEMENT AND SOCIAL SCIENCES KWARA STATE UNIUVERSITY, MALETE, 2024) ADEMOKOYA ALADE AYODEJI
Microfinance banking sector mobilize deposits from customers and extend credit to active poor and individuals who possess the capacity to direct these funds towards profitable ventures thereby, contributing to overall economic growth. The objective of this study is to examine the determinants of the lending behaviour of microfinance banks in Nigeria. This study covers all the micro-finance banks in Nigeria and hence, used aggregated data sourced from Central Bank of Nigeria (CBN) statistical bulletin and World Bank Development Index. To achieve these goals, the study adopts a quantitative research approach based on time series data and employs the auto-regressive distributed lag (ARDL) regression method for data analysis. In both the short and long run, the ARDL results highlight the significance of some macroeconomic variables. Specifically, the inflation rate which exhibits significant coefficients of (-0.049, -0.041) in both timeframes, the lending rate demonstrates significant coefficients of (-0.359, -0.055) in both the short and long run, and the exchange rate showcases a significant coefficient value of (-0.021) in the long run. Furthermore, institutional factors assume importance in shaping the lending behaviour of microfinance banks in Nigeria. Specifically, the corruption index displays a significant coefficient value of (-6.564) in the short run, while political instability reveals a significant coefficient value of (-0.573) in the long run. The regression outcomes further reveal that some bank-specific factors are instrumental in influencing the lending behaviour of microfinance banks in Nigeria. In both the short and long run, short-term investment demonstrates significant coefficients of (-0.0014, -0.0012), long-term investment exhibits significant coefficients of (-0.0024, -0.004), and in the long run, liquidity rate displays a significant coefficient value of (0.037). Study therefore, concludes that some macro-economic, institutional and bank specific factors collectively play a substantial role in influencing the lending behavior of microfinance banks in Nigeria, and recommends that in order to achieve a desirable lending behavior from microfinance institutions in Nigeria, policymakers should focus on maintaining macroeconomic stability.
DOES FINANCIAL SECTOR DRIVES SUSTAINABLE DEVELOPMENT IN NIGERIA
(The Department of Economics (JEF) Faculty of Arts & Social Sciences, Nigerian Defence Academy, 2021) ADEMOKOYA ALADE AYODEJI
This study examines the major segments of the financial sector on the three main pillars of sustainable development (SD), which include economic, social, and environmental sustainability in Nigeria. The long-run associations for variables were confirmed using bound tests, while the autoregressive distributed lag was estimated. Time series data from 1986–2020 were obtained based on data availability. Findings reveal that the banking sub-sector positively affects economic sustainability, improves social sustainability, but negatively contributes to environmental quality in Nigeria. As for the stock market, there is environmental stewardship in Nigeria. However, the insurance sub-sector showed no significant impact on both economic and social sustainability and also negatively affected environmental safety in Nigeria. To achieve a sustainable Nigeria, it is therefore important that regulatory authorities pay attention to the banking and stock markets and sub-sectors of the financial sector.
DYNAMIC EFFECTS OF REMITTANCES ON EXTERNAL RESERVES IN NIGERIA: THE ROLE OF INFLATION AND STRUCTURAL BREAKS
(FEDERAL UNIVERSITY OF AGRICULTURE ABEOKUTA, 2018) ADEMOKOYA ALADE AYODEJI
This study provides additional information about the drivers of external reserves in Nigeria. The result using the autoregressive distributed lag (ARDL) model estimation approach for the period 1980–2015 shows that remittances, among other macroeconomic variables, increased external reserves in the short run but weakened them in the long run. Remittances deplete external reserves through their effect on the inflation rate and the non-sterilized intervention of the Central Bank. Furthermore, the regime shift to a relatively floating exchange rate causes remittances to increase reserves. From the foregoing, it is important for the authorities to continue operating at a relatively flexible exchange rate and curtail excessive spending on remittances.
ENERGY-RELATED UNCERTAINTY, FINANCIAL REGULATIONS, AND ENVIRONMENTAL SUSTAINABILITY IN THE UNITED STATES
(SPRINGER, 2024) ADEMOKOYA ALADE AYODEJI; MEO MUHAMMAD SAEED; ABUBAKAR ATTAHIR B
THE US HAS BEEN CLASSIFIED AS BEING “INSUFFICIENT’’BY THE CLIMATE ACTION TRACKER, INDICATING THAT THE CURRENT ACTIONS AND POLICIES FALL SHORT OF ADDRESSING CRITICAL ENVIRONMENTAL CHALLENGES.THIS SUGGESTS THE NEED FOR ENHANCING THE EXISTING POLICY AQ1 MEASURES FOR IMPROVING ENVIRONMENTAL SUSTAINABILITY.TO THIS END, THIS STUDY INVESTIGATES THE TIME-VARYING IMPACT OF ENERGY-RELATED UNCERTAINTY AND FINANCIAL REGULATIONS ON SECTORAL CO2 EMISSIONS IN THE US. THE BOOTSTRAP ROLLING WINDOW GRANGER CAUSALITY APPROACH IS EMPLOYED TO EXAMINE QUARTERLY DATA SPANNING 1990 Q1-2021 Q4. THE ESTIMATION RESULTS REVEAL THAT AQ2 ENERGY-RELATED UNCERTAINTY INCREASES CO2 EMISSIONS IN THE TRANSPORTATION, RESIDENTIAL, MANUFACTURING, AND CONSTRUCTION SEC-AQ3 SECTORS. ALSO, FINANCIAL REGULATIONS HAVE BEEN FOUND TO REDUCE CO2 EMISSIONS ACROSS THE AGRICULTURAL, TRANSPORTATION, AQ4 RESIDENTIAL, MANUFACTURING, AND CONSTRUCTION SECTORS.
Financial System and Economic Growth in Nigeria
(A Quarterly Journal of Association of National Accountant of Nigeria, 2018) ADEMOKOYA ALADE AYODEJI
The financial system, which is the central nervous system of any economy, is important for the development of any nation. Despite the presence of various banks and other financial institutions in Nigeria, its economy has not attained a satisfactory level of economic growth when compared to other developed nations. The objective of this paper is to examine the relationship between financial intermediation and economic growth in Nigeria. The study used time-series data from 1991 to 2015. data obtained were estimated using Johnson Co-integration test and the Error correction model. Findings revealed that the financial system has a significant impact on economic growth in Nigeria. This study therefore recommends that financial institutions should expand their stocks and assets to ensure better deepening by focusing on the real sector of the company. In addition, regulatory authorities like CBN and SEC need to focus policies such as: financial inclusion that will engender the positive impact of Nigeria’s financial system on its economic growth, using CPS as a measure of financial depth in Nigeria
IMPACT OF MICROFINANCE LENDING ON SMALL BUSINESS GROWHT IN IFELODUN LOCAL GOVERNMENT AREA OF KWARA STATE.
(DEPARTMENT OF BUSINESS ADMINISTRATION, KADUNA STATE UNIVERSITY, KADUNA, NIGERIA, 2016) ADEMOKOYA ALADE AYODEJI
The World Bank has estimated that about 500 million families have benefited from small loan schemes, making new business possible. Despite the presence of different microfinance institutions in the Ifelodun local government area of Kwara State, with a population of 206,042 as of the 2006 census, there are still reports of low economic activity in the area. Perhaps the level of literacy and poor access to loans are major factors militating against the development of their economic activities. This study therefore examined the microfinance lending and small business growth in Ifelodun local government area of Kwara state. This study used primary data which was obtained through questionnaire administered to the selected respondents. Data obtained was subjected to multiple regression analysis using the statistical package for social science (SPSS 23). Findings showed that micro finance has a positive impact on small business growth in Ifelodun local government area of Kwara State. This study, therefore recommends that for growth sustenance : ( i ) microfinance banks should help entrepreneurs spread the repayment of loan over period of that will not affect the running of their business ; (ii) , there is also need for the Microfinance institutions to help deliver quality financial service to people in ifelodun local government area of Kwara state in their local dialect as this avail many business owner the opportunity to bank in the language they understand and grasp more understanding of different microcredit products to choose from. If the above recommendations are fully implemented, more people are likely to avail themselves of microfinance facilities, which will in-turn have positive effect on the growth of small businesses.
NEXUS BETWEEN FINANCIAL SECTOR AND INCOME DISTRIBUTION IN NIGERIA.
(Department of Accounting, University of Ilorin, Ilorin, Nigeria, 2019) ADEMOKOYA ALADE AYODEJI; ABDULLAHI Ibrahim Bello
The nexus between the-financial sector and income distribution has been identified in the literature, being the second pillar and an indispensable requirement to achieving sustainable development. Unfortunately, it is uncertain if Nigeria will meet up with the United Nations sustainable development goal of ending poverty by the year 2030. This is due o1 the extreme income gap among her citizens, 50 percent of its populace currently living below the poverty line of US $1.90 per day. This study examines the nexus between financial sector and income distribution in Nigeria. Time series data from 1986-2015 were obtained from the World Development Indicators, Central Bank Statistical Bulletin, the Global Consumption and Income Pattern Database Autoregressive Distributed Lag (ARDL) bounds test was estimated and findings reveal that: The level of banking sector intermediation has a negative and significant relationship (θ=-0.67:P <0.01) with income inequality; degree of monetization in the economy has a negative and significant relationship (θ=-0.238:P <0.1)with income inequality; Stock market capitalization exerts a negative and significant relationship (θ=-0.110:P <01) with income inequality; Stock market liquidity negatively and significantly (θ=-0.036:p <0.01 ) influences income inequality and the level of insurance business penetration in the economy has no significant relationship (θ=-0.070:P > 0.1) with income inequality in Nigeria. This study concluded that the banking and the stock marker sub-sectors of the financial system significantly influence income distribution in Nigeria. Study, therefore, recommends that the government through its regulatory authorities should put in appropriate policies that can encourage financial intermediation at low cost and strengthen the regulatory framework guiding operations of the stock market sub-sector of the financial system in order to make it resilient, effective, and efficient toward income distribution in Nigeria.
Nexus between Financial Sector and Sustainable Development in Nigeria: A Principal Component Analysis
(Danubius University, Galati, Romania, 2020) ADEMOKOYA ALADE AYODEJI
The financial sector has been recognized in the literature as having potential that could drive sustainable development in developing nations, and Nigeria is no exception. This study examined the link between the financial sector and sustainable development in Nigeria. Specifically, the study seeks to investigate the effects of the banking, stock market, and insurance segments on sustainable development in Nigeria. Based on data availability, time series data from 1986–2015 were obtained. The data for sustainable development economic development, social development, and environmental quality—were aggregated using the principal component analysis (PCA). The aggregated index for sustainable development and the financial sector data were subjected to ARDL-Bounds estimations. Findings reveal that the banking and stock market subsectors positively and significantly propel sustainable development in Nigeria, while the insurance subsector drives sustainable development in Nigeria only in the short run. Study and recommend policies strengthening these main segments of the financial sector in order to drive sustainable development in Nigeria. This study contributed to knowledge by being a forerunner to holistically combine and study the three main pillars of sustainable development in Nigeria. The study also stands out by connecting the financial sector to sustainable development in Nigeria.
OWNER’S CHARACTERISTICS AND ACCESS TO BANK FINANCING: PERPETUAL EVIDENCE FROM SMES IN NORTH CENTRAL NIGERIA
(THE WEST UNIVERSITY OF TIMISOARA, 2020) ADEMOKOYA ALADE AYODEJI; OKE LUKMAN ADEBAYO; UTHMAN AHMED BUKOLA
The study examines the influences of owner-specific factors on access to bank financing among SMES in north-central Nigeria. A self-administered questionnaire was employed for data collection from the sampled SME owners in the study area. A sample of 280 SMES was drawn from the population of 1030 SMES. Logistic regression was used in analyzing the data. The study found that gender personal networking and personal relationship with the bank, which has significant at 0.05, 0.1, and 0.1, respectively, are the owner's characteristics influencing SMES financial access, whereas the owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on SMES access to bank financing in the region the study concluded that while all the identified owner’s attribute are complimentary important in financial access bank are more gender blessed, value personal relationship and networking ability of firm owners the study therefore recommended among others the needed for SME owners to establish and maintain more improved relationship with their bank and form strong linkages with relevant stakeholders in the external environment for better resources exchange including financial access
PERFORMANCE OF SECTORAL ISLAMIC INDICES DURING COVID-19
(INDERSCIENCE, 2022) ADEMOKOYA ALADE AYODEJI; MEO MUHAMMAD SAEEED; RAZA SYED ALI; DURANI FARAH; ALI SAJID; NAZAR RAIMA
THIS STUDY EXAMINES THE IMPACT OF OIL PRICES, WORLD UNCERTAINTY, AND PANDEMIC UNCERTAINTY ON SECTORAL ISLAMIC STOCKS (FINANCIAL, HEALTHCARE, INDUSTRIAL, OIL AND GAS, THE TECHNOLOGY SECTOR, THE TELECOMMUNICATIONS SECTOR, AND THE UTILITY SECTOR). THIS STUDY EMPLOYS QUANTILE-ON-QUANTILE REGRESSION AND WAVELET-BASED GRANGER CAUSALITY RANGING FROM 1996Q1 TO 2020Q4. THE FINDINGS OF THE STUDY CONFIRM THE OVERALL NEGATIVE EFFECT OF WORLD OIL PRICES, WORLD UNCERTAINTY AND THE WORLD PANDEMIC UNCERTAINTY INDEX ON ALL THE SECTORAL ISLAMIC INDICES EXCEPT THE TECHNOLOGY AND TELECOMMUNICATIONS SECTORS.HOWEVER, THE RELATIONSHIP BETWEEN THE PROPOSED VARIABLES VARY OVER THE QUANTILES, DEPICTING THE HETEROGENOUS RESPONSE OF FINANCIAL MARKETS DUE TO VARIOUS STATES OF THE ECONOMY. THIS STUDY HAS POLICY IMPLICATIONS RELATED TO SECTORAL ISLAMIC INDICES; POLICIES SHOULD BE BASED ON THE SECTORAL PERFORMANCE OF ISLAMIC INDICES RATHER THAN THE OVERALL INDEX BECAUSE OF THE HETEROGENEOUS PERFORMANCE OF VARIOUS SECTORS.
STRATEGIC MANAGEMENT AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
(DEPERTMENT OF ACCOUNTING, AHMADU BELLO UNIVERSITY ZARIA., 2017) ADEMOKOYA ALADE AYODEJI
Strategic management is important for the overall goal-setting and direction of an organization and places emphasis on long-range planning in order to achieve firms set goals and objectives. Despite the presence of highly professional personnel at the top management of Nigerian banks, there have been cases of increased competition, poor loan delivery, distress, and unsustainable performance growth, which has resulted in silent acquisitions and mergers for survival. Perhaps this is a result of poor strategic planning. This study therefore examined the impact of strategic management on bank performance using 5 selected deposit-money banks in Nigeria. The study adopted the profit-maximization theory and used secondary data, which were sourced from the audited annual reports of the selected deposit money banks from 2006–2015. The data obtained was subjected to random effect panel regression analysis using the Eviews package for data analysis (Eviews, 8). The result of this study shows that: (i) overall, there is a significant relationship between strategic management and bank profitability; and (ii) non-performing loans and the number of board members are insignificant to the profitability of banks. The study therefore recommends that: (i) banks should be mindful of the number of board members and the cost associated with the board members, as few sound professionals at the board level are likely to be beneficial to the profitability of banks; and (ii) the top-level management of banks should be proactive in putting in place necessary policies and measures to reduce non-performing loans to enable them to improve their profitability positions. If the above recommendations are well and fully implemented, it is likely to positively impact banks profitability, which will possibly result in a robust and efficient financial system.
SUSTAINABLE DEVELOPMENT IN NIGERIA: A CONCEPTUAL APPROACH
(DEPARTMENT OF ACCOUNTING AND FINANCE, KWARA STATE UNIVERSITY, 2019) ADEMOKOYA ALADE AYODEJI; SAKARIYAU Rilwan Ola; ABDULRAHIM RIDZUAN
Nigeria, among other 193 countries, endorsed the United Nations General Assembly (UNGA) pact for sustainable development in 2015 with a desire to be among sustainably developed nations by the year 2030. This implies rapid development in the three main pillars of sustainable development: sustainable economic development, sustainable social development, and sustainable environmental development. However, it is unclear if Nigeria will achieve these targets by 2030, as problems still exist in the three main pillars of sustainable development in Nigeria. Particularly, Nigeria’s growth rate has failed to keep pace with those of the developed nations over the past forty years; there has been an increase in poverty coupled with a wide income gap; and there has been an increase in environmental pollution in Nigeria. This study, therefore, conceptually examines sustainable development in Nigeria and concludes that for Nigeria to be among the sustainably developed nations targeted , it must maintain a balance and experience rapid development in the three sustainability.
SUSTAINABLE DEVELOPMENT: NEXUS BETWEEN FINANCE AND ADJUSTED NET SAVINGS IN NIGERIA
(DEPARTMENT OF ACCOUNTING AND FINANCE AND BUSINESS ADMINISTRATION, FOUNTAIN UNIVERSITY OSOGBO, 2019) ADEMOKOYA ALADE AYODEJI; Abdullahi Ibrahim Bello
This study examined the Nigerian financial sector and adjusted net savings in Nigeria. Time series data from 1986–2015 was obtained from the World Development Indicators, the Central Bank of Nigeria Statistical Bulletin, and the annual reports of the National Insurance Commission. An autoregressive distributed lag (ARDL) bound test was estimated, and findings revealed that: the banking sub-sector has a positive and significant relationship (θ=0.871;P<0.01) with adjusted net savings in Nigeria; the stock market sub-sector positively and significantly (θ=0.162;P<0.1) affects adjusted net savings in Nigeria; and the insurance sub-sector positively and significantly (θ=-0.525;P<0.1) on adjusted net savings in Nigeria. This study concluded that the banking and stock market sub-sectors of the financial system significantly influence adjusted net savings in Nigeria. The study therefore recommends that the government, through it's regulatory authorities, should pay more attention to the banking and stock market sub-sectors of the financial system in order to make them resilient, effective, and efficient towards channeling funds to productive or growth-driven sectors to significantly impact adjusted net savings in Nigeria, thereby propelling sustainable development in Nigeria.

Browsing by Author "ADEMOKOYA ALADE AYODEJI"

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