Browsing by Author "Taofeekat Temitope Sulaimon"

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    Cheese marketing amongst marketers in Kwara state, Nigeria: An economic analysis approach
    (International Journal of Agricultural Economics and Rural Development, 2021-08-20) Taofeekat Temitope Sulaimon; Nofiu Babatunde Nofiu
    This study assessed the economics of cheese marketing amongst marketers in Kwara State. Specifically, the study examined the costs and returns to cheese marketing, assessed the market efficiency of cheese marketing, determined the marketing margins, described the structure of the cheese market and determined the factors influencing net returns of cheese marketing among marketers in the study area. A three stage sampling technique was employed in the selection of 120 cheese marketers. Data were collected using an interview schedule. Descriptive statistics, marketing efficiency model, marketing margin, Herfindahl Index, and multiple regression analysis were employed. The study revealed a monthly gross margin of N107, 778 with a marketing efficiency of 184.9% which implied that the marketing activities were efficiently implemented. The Herfindahl index value of 0.012 revealed a modest and sparsely populated cheese market. The estimated average marketing margin was N58.3 per kg of cheese. N102, 038 was revealed as the net income on cheese marketing on monthly basis with rate of return on investment (RORI) of 0.59. Therefore, cheese marketing is feasible, lucrative and investment worthy. The purchase cost (p<0.05), spoilage cost (p<0.01), storage cost (p<0.01) and marketing margin (p<0.01) were the statistically significant variables determining the net returns to cheese marketing among marketers in the study area. The study recommended the improvement of storage facilities to reduce spoilage and increase efficiency which could attract more able-bodied youth to work and invest in the industry.
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    Economic Analysis of Nigerian Live Ornamental Fish Export
    (BADEGGI JOURNAL OF AGRICULTURAL RESEARCH AND ENVIRONMENT, 2020-08-19) Ambali, O. Y; Ayinde, O. E; Taofeekat Temitope Sulaimon
    Nigeria is undoubtedly endowed with mammoth species of ornamental fish that are of high premium and command a better price in the world market. Thus, this study examined the export of Nigerian live ornamental fish from economic stand point with the aims of evaluating the structural distribution of the commodity traded among the ornamental fish exporters, determining the profitability of ornamental fish export and examining the factors influencing ornamental fish trade at the firm level.The sampling frame for the study was the registered members of the Association of Ornamental fish Farmers and Exporters of Nigeria (AOFFEN). A random sampling technique was used to elicit data from the respondents in July 2017. Primary data were collected using well-structured questionnaires administered to 40 randomly selected respondents. Data were analysed using descriptive statistics, marketing margin analysis, return on investment, Lorenz curve, Gini coefficient and multiple regression analysis. Results of the analysis revealed that the estimated average marketing margin per box of ornamental fish export was $74.04 and the distribution of traded commodities among the fish exporters was oligopolistic with Gini coefficient of 0.75. Firm size, trading experience, number of countries traded with and number of commodities traded significantly (0<0.05) determined the level of export. From this study, it may be suggested that measures to create a more competitive market among live fish exporters should be put in place.
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    EFFECT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA (1990-2021)
    (INTERNATIONAL JOURNAL OF ADVANCED RESEARCH IN MULTIDISCIPLINARY STUDIES, 2022-06-12) Taofeekat Temitope Sulaimon
    Many countries, especially developing ones, prioritize RGDP growth. Economic growth reduces poverty and improves welfare, so its determinants must be identified. Despite studies on economic growth's determinants, Nigeria's economy remains stagnant. This narrative inspired the present study, which examined how monetary policy affects Nigerian economic growth. Thus, this study examined Nigeria's economic growth and monetary policy. The study used 1990–2021 time series data. The Augmented Dickey-Fuller test and ARDL bond test were used to test the data's stationary nature and long-run relationships. The short-run regression conducted using the ARDL regression method showed that monetary policy is an important determinant of economic growth in Nigeria. The two indicators of monetary policy used (Monetary Policy Rate, MPR, and Money Growth Rate, M2) exert a significant impact on economic growth in Nigeria. Based on the findings, this study concludes that monetary policies significantly affect economic growth in Nigeria. It thus recommends that policymakers embark on a renewed commitment to the conduct of monetary policy in such a way as to increase economic growth in Nigeria
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    Informal Sector and Financial Development in Sub-Saharan Africa
    (Pakistan Journal of Humanities and Social Sciences, 2023-12-28) Sodiq Olaiwola Jimoh; Rashidat Sumbola Akande; Hauwah AbdulKareem; Odunayo Bidemi Jimoh; Taofeekat Temitope Sulaimon; Yusuf Toyin Yusuf; Israel Adegboye; Aminat Mama Usman
    Since a persistent increase is seen in the size of the informal sector and its continuous coexistence alongside the formal sector and institutional development, this study empirically examines the effect of informal sector size on the financial development in Sub-Saharan Africa for the period 1996-2019. The study represents financial market development by the financial market depth, which is regressed against informal sector size, growth rate of GDP, interest rate, trade openness, and institutional quality index. The study relied on the estimates of the Discroll-Kraay and IV-2LS. Results indicate that informality repressed financial development, while trade openness, growth rate of gross domestic product, interest rate, and institutional quality have a positive impact on financial development. It is therefore recommended for policymakers to reduce the size of informality to improve the financial sector.