Browsing by Author "OKE LUKMAN ADEBAYO"

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    Impact of Monetary Policy on Bank Credit in Nigeria
    (Universitas Syiah Kuala, Indonesia, 2020) SANNI MUBARAQ; OKE LUKMAN ADEBAYO; ABOGUN SEGUN; ABOGUN SEGUN
    Abstract Objective – The aim of this study is to examine the impact of monetary policy on credit creation ability of banks in Nigeria. Specifically, it investigates the impact of monetary policy rate, money supply, liquidity ratio, and change in maximum lending rate on bank credit in Nigeria. Design/methodology: Monthly time series data from 2007–2019 was sourced from the statistical bulletin of the Central Bank of Nigeria. The sourced data was subjected to multiple regression analysis using fully modified ordinary least-square regression to estimate the parameters of the model. Results: Findings reveal that money supply significantly and positively influences bank credit in Nigeria, while liquidity ratio significantly but negatively influences bank credit in Nigeria. On the contrary, monetary policy rate and maximum lending rate were found not to significantly affect bank credit in the case of Nigeria. Policy Recommendation: Study therefore recommends that monetary authorities, especially the Central Bank of Nigeria, should pay more attention to lowering the liquidity ratio while increasing money supply in order to enhance banks credit creation ability and further stimulate the Nigerian economy for growth
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    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