Browsing by Author "Adeoye Amuda Afolabi"

Now showing 1 - 12 of 12
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    ACCOUNTING AND ECONOMIC DEVELOPMENT IN NIGERIA
    (2016) Adeoye Amuda Afolabi
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    Assessment of budget compliance: Evidence from the Nigerian public sector
    (African Accounting and Finance Association, 2024-10-28) Tajudeen Lawal; Adeoye Amuda Afolabi
    Purpose: Evidence suggests that the federal government annually budgets and appropriates amounts for both capital and recurrent expenditure to various ministries, departments, and agencies, yet there is no impact on the ordinary citizen on the street. The question is whether it is a result of non-compliance with budgets or other factors hindering budget compliance. In addition, the federal government introduced different policies to fast-track the process of budgeting and public expenditure; several factors have prolonged the period of the current economic recession. From the fiscal policy side, delays in budget approval and implementation are major challenges. Against this background, this study examines factors that influence budget compliance and in relationship with variance in Nigeria. Methodology: The data was gathered from secondary sources and analysed using the Engle-Granger co-integration test and the augmented Dickey-Fuller (ADF) test (Units root test). Findings: The findings revealed that corruption, political stability, and type of government have a significant negative relationship with variance. Additionally, corruption and crude oil prices show a negative effect on actual total expenditure. However, Gross Domestic Product (GDP) and revenue are positively significant with budget variance and actual total expenditure. Limitations/Implications: This study illustrates evidence relevance to the public and academic debates about how government should use all the institutions at their disposal to minimise corruption since corruption reduces the variance and actual total expenditure. In addition, since crude oil price hinder government expenditure, the federal government should focus more on other source of revenue for budget apart from crude oil. Originality: This study provides the effect of corruption, crude oil price, political stability and the type of government, as indicators for budget compliance on the variance and total actual expenditure. As a result, this study contributes to the literature in the area of budgeting system for the public sector in developing countries with specific focus on Nigeria.
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    Impact of External factors on corporate governance system of firms: Evidence from Sub-Saharan Africa Anglophone countries (SSAA)
    (Global Advanced Research Journals of Management and Business Studies ISSSN: 2315-5086 (GARJMBS), 2015) Adeoye Amuda Afolabi
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    IMPACT OF THE NIGERIAN CAPITAL MARKET ON THE ECONOMY
    (Published by European Centre for Research Training and Development UK, 2015) Adeoye Amuda Afolabi
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    Microfinance bank and entrepreneurship development in an emerging market
    (2016) Adeoye Amuda Afolabi
    We determine how Microfinance Banks (MFBs) impacts on entrepreneurship development in Nigeria. Data were collected through structured interview from entrepreneurs, Microfinance Bank managers and Regulators. The finding revealed that non-financial services of Microfinance Banks contribute to the survival of entrepreneurs and there is indication that Microfinance Banks enhance the productivity of entrepreneurship. This finding supports the evidence from the Central Bank of Nigeria (CBN) that there is an increase in total assets, Investment and Deposit Liabilities of MFBs in recent times. Beside this, respondents claimed that influence and control over entrepreneurships financing by Microfinance Banks should be view as partially effective. This result suggest that although Microfinance Banks in Nigeria are trying their best, there is need to put more effort in order to meet total demand of financing the entrepreneurships in Nigeria. We recommend that MFBs should assist their clients by providing training on credit utilization and the government should urgently tackle the problem of infrastructure development and maintenance.
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    Performance sustainability strategy of pension fund managers in the emerging market: A survey opinion perspective
    (2023) Adeoye Amuda Afolabi
    The paper examines the performance sustainability of pension fund managers in a developing country such as Nigeria context using survey questionnaires in the collection of data with descriptive statistics and independent samples t-test in the analysis of the data. The opinion of the respondents to the survey questions provides evidence of the existence of several barriers hindering the performance sustainability strategy of pension fund managers these include: a lack of sufficient skills, inadequate innovation, and a lack of adequate processes, etc. However, the respondents also believed that governance and operation, planning, and management are key indicators that sustain the performance of pension fund managers. The study suggests that pension fund managers should develop skills, processes, and innovative solutions to overcome the performance barrier of pension fund managers.
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    The agency of employment and unemployment in Nigeria: issue and challenges.
    (2016) Adeoye Amuda Afolabi
    Unemployment has become more alarming within the past decade as Nigerian higher institution of learning produced a large number of University and College graduate for few jobs. The gravity of this situation resulted to the formation of the National Directorate of Employment (NDE) with the mandate to articulate programmes that will help combat mass unemployment in Nigeria. This paper examines the performance of the agency as well as assesses the trend in the unemployment rate at pre and post establishment of NDE in Nigeria. Data were collected through survey questionnaire and from National Bureau of Statistics. We find that many unemployed graduate does not have the opportunity to participate in the NDE programme, insufficient funds, political interference, corruption and lack of access to loan are among the key factor militating against the success of the programme. We recommends that State government in Nigeria should to contribute in solving unemployment in Nigeria and Federal Government should support the NDE programme in term of financial and politician should stop interferes with the activities of NDE.
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    The agency of employment and unemployment in Nigeria: issue and challenges.
    (2016) Adeoye Amuda Afolabi
    Unemployment has become more alarming within the past decade as Nigerian higher institution of learning produced a large number of University and College graduate for few jobs. The gravity of this situation resulted to the formation of the National Directorate of Employment (NDE) with the mandate to articulate programmes that will help combat mass unemployment in Nigeria. This paper examines the performance of the agency as well as assesses the trend in the unemployment rate at pre and post establishment of NDE in Nigeria. Data were collected through survey questionnaire and from National Bureau of Statistics. We find that many unemployed graduate does not have the opportunity to participate in the NDE programme, insufficient funds, political interference, corruption and lack of access to loan are among the key factor militating against the success of the programme. We recommends that State government in Nigeria should to contribute in solving unemployment in Nigeria and Federal Government should support the NDE programme in term of financial and politician should stop interferes with the activities of NDE.
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    The key challenges of corporate governance of firms: Empirical evidence from Sub-Saharan African anglophone (SSAA) countries
    (2016) Adeoye Amuda Afolabi
    This paper uses empirical evidence to identify views about the important components of good corporate governance practice for listed firms in Sub-Saharan African Anglophone countries. This study used survey questionnaire based on international corporate governance norms, data were collected from listed firms in Ghana, Nigeria and South Africa. The findings include: In Ghanaian and South African firms there are evidence that regulatory framework and enforcement of corporate governance promote sound corporate governance system. This study revealed that commitment of board of directors to disclosure and communication may provide effective corporate practices. Political environment and ownership structure of firms’ hinder sound corporate governance practices. Accounting system operating in each country plays a vital role in promoting sound corporate governance system. However, societal, cultural and corruption seem to deter corporate governance system in Ghanaian and South African firms. We recommend that there should be prudent monitoring of corporate governance rules and enforcement.