Department of Accounting and Finance

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SMEs OWNER'S PERCEPTION ON THE VALUE OF ACCOUNTING INFORMATION FOR ECONOMIC DECISION MAKING IN ILORIN METROPOLIS
(ILORIN JOURNAL OF MANAGEMENT SCIENCES, 2014) MUSTAPHA ABDULRASAQ
The roles of accounting information in the decision-making process of a business organization are widely acknowledged by both Practitioners and Academics. However; the viewpoints in the vast literatures is that accounting information are prepared and used by-large business entities with little or no such practices in Small and Medium Enterprises (SMEs). Given these conflicting trends, this study was set out to provide empirical evidence on the extent to which the SMEs owners/managers believe in the value of accounting information in the decision-making process and outcome. The study was carried out through a well-designed survey questionnaire administered randomly to selected sample of 100 SMEs owners/managers- The surveyed data was subjected to both descriptive and inferential analysis, using one-sample t-test to discover level of SMEs owners/managers' belief in the value of accounting information. Based on the result, SMEs owners/managers have strong belief in the value of information in enhancing decision outcome. Policy makers are therefore advised to design a policy framework that could enhance the SMEs owners/managers skills in the preparation and usage of accounting information
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.
STOCK SPLITS AND STOCK DIVIDENDS: IMPLICATIONS FOR BID ASK SPREAD COMPONENTS
(ILORIN JOURNAL OF MANAGEMENT SCIENCES, 2014) Lukman Adebayo, OKE; Oladipupo Muhrtala, TIJANI; Abdulrasaq, MUSTAPHA; Hafsat Olatanwa, AFOLABI
DETERMINANTS OF ACCOUNTING STUDENTS’ ACADEMIC PERFORMANCE OF PUBLIC UNIVERSITIES IN KWARA STATE
(Osogbo Journal of Management, 2016) OLANIYI, Taiwo Azeez; ADETOYAN, Emmanuel Sunday; MUSTAPHA, Abdulrasaq
Students’ who were provided with the same facilities, taught by the same lecturers and used the same study modules differ in terms of academic performance the trend of which are subject of different factors which also vary from students to student. This study examines the factors that influence academic performance of accounting students in public Universities in Kwara state, Nigeria. Specifically, the study evaluates impact of lecturer‘s ability to impact knowledge, effect of personal factors, physical and environmental factors on academic performance of accounting students. The study employed Krejciean and Morgan’s table to select 250 respondents from University of Ilorin and Kwara State University for 2014/2015 academic session. Structured open- ended questionnaire was used to obtained primary data used while ordered logistic regression analysis was used to analyze responses on core factors as specified in the model. The result revealed a significant positive relationship between lecturer’s ability, class attendance, class size, study hour, course unit loading, accommodation and student academic performance while internet facility give a negative significant relationship with students’ academic performance. Based on these findings, it was recommended that student should increase their study hour per day, University internet facility should be restricted from certain social sites so as to prevent student abuse, class attendance should be strictly taken into consideration when preparing students list for examination purpose. Frequent training, workshop and seminars should be continued for lecturers so as to increase their lecturing skill and professionalism
Impact of Corporate Governance Mechanisam on Corporate Tax Aggresiveness: A Survey of Selected Manufacturing Companies in Nigeria
(Advances in Management, 2016) Mathias Gboyega OGUNDEJI; Abdulrasaq Mustapha; Mubaraq Sanni; Oladipupo Murtala Tijani
This paper considers the impact of corporate governance mechanisms such as board size, independent director, gender diversity, quality of external auditors, managerial compensation and managerial ownership on corporate tax aggressiveness, among sampled quoted manufacturing companies in Nigeria. 24 out of the 32 fisted manufacturing companies on the Nigeria Stock Exchange as at March, 2016 were used for the study. Secondary data of the sampled companies for an investigation period spanning five years from 2010 to 2014 were used in the study. Our study employs on ordinary least square regression analysis to test the impact of afore listed corporate governance mechanisms on corporate tax aggressiveness. We find that the presence of female directors on corporate board reduces the likelihood of corporate tax aggressiveness, while, tax aggressiveness increases with the quality of external auditor, high managerial ownership of shares and high managerial compensation particularly tied to performance measurement. However, results for board size and proportion of outside directors ore not significant for the purpose of the current study. We recommend that, the appointment of more female directors on corporate board should be encouraged; domination of the big four audit firms in providing assurance and non-assurance audit services should be diluted by engagement of other highly structured partnership audit firms; managerial ownership of shares should be minimized and managerial compensation tied to performance should also be regulated. These are necessary to reduce tax aggressiveness in corporate organisation
Empirical Evaluation of Contemporary Performance Measurement Practice among Nigerian Microfinance Banks
(International Journal of Accounting, Finance and Management, 2016) Abdulrasaq Mustapha; Mubaraq Sanni
Banking is the core of the financial system which has important role in attracting deposit to provide credits to borrowers, services to customers and booting the economy development. Microfinance policy is designed to achieve the foregoing important role for low-income earners and the rural dwellers. Achieving this task, microfinance banks is expected to design and implement an appropriate performance measurement system that beyond traditional financial measures to monitor activities. This paper investigates the extent of Contemporary Performance Measures (CPM) usage in microfinance banks, identify the existing performance measures, problems encounter in implementing the measures and test if there is significant difference on the extent of usage of CPM between microfinance banks located in big and medium cities specifically Ibadan and Ilorin metropolis. Surveyed data collected from randomly selected forty (40) microfinance banks was analyzed through descriptive statistic techniques (percentage, mean scores) and independent sample T-test. The results suggest usage of CPM is low .in addition, our finding identify lack of resources, and little knowledge about CPM majorly account for low usage. This trend cut across cities as there was no significant difference between Ibadan and florin on the extent of usage of CPIV1.SntalI and Medium Business Organization in financial service sector should consistently review the performance measurement framework in line with global best practices and relevant Regulatory Agencies in (he financial service sector should evolve strategies to assist microfinance bank in the areas of performance management.
IMPACT OF TAX TOUTING ON INTERSTATE ROAD TRANSPORT SERVICE DELIVERY IN KWARA STATE, NIGERIS
(ILORIN JOURNAL OF ACCOUNTING, 2016) OLANIYI, Taiwo Azeez; OLANIPEKUN, Adebisi Abdulrasaq; MUSTAPHA, Abdulrasaq
This study examines the impact of tax touting on interstate road transport service delivery in Kwara State through the use of survey research design via primary data obtained from questionnaire administration. The data was analyzed with the aid of Ordered Probit Regression, Z-test and ANOVA after ascertaining the internal consistency and reliability of the data using Cronbach Alpha which gave an acceptance value of 0.7170. The study finds and concludes that tax touting has negative impact (coeff=-0.12685) on interstate road transport service delivery in Kwara State, while payment of Local Government Dues (LGD) and Transport Union Dues (UD) also have negative impacts (-0.3023 and -0.3031 respectively) on ITSD. Contrarily, National Committee against Touting (NCAT) has a positive but insignificant impact on ITSD, indicating that NCAT has not been able to curb the activities of tax touts from illegal extortion of tax payers. The study recommends the discontinued use of third party (consultants) for collection of taxes and levies, strict enforcement of the law establishing NCAT and the committee should be empowered legally and with man and material resources to eradicate tax touting, eases the transport system, create public convenience, raise the standard of living and economic growth 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.
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.
Entreprenuership Marketing Practices and Hair Salons' Patronage in Kwara State: A Survey of Selected Hair Salons in Ilorin Metropolis
(DECISION MANAGEMENT CONSULT LTD Ilorin, Kwara State., 2017) Oyebode A. O.; Abdulrasaq Mustapha
This study examined the effects of Entrepreneurship Marketing on the patronage of the Hair Salons Enterprises in Kwara State, Nigeria. Monitoring customer patronage in any MSE is important as a result of High level of competition within the industry. Patronage was the dependent variable while the independent variable was entrepreneurial marketing. The main objective of this study was to examine the level of entrepreneurial marketing among the Hair Salon owners in Ilorin metropolis. The study established how the Hair Salon's owners are marketing their Hair Salons and the effects of EM on the customer patronage of the selected Hair Salons within Ilorin metropolis. The population of the study is the Hair salon entrepreneurs and their clients. Simple random sampling method was used as the method of data collection. The Hair salons owners and their customers were interviewed in order to achieve the aim of this study. A total of 30 Hair salons and their customers in each Hair salons were taken as the sample population. This sampling method was premised on the study of Mwangi and Bwisa (2015). Descriptive research design was adopted and data was collected using interview method in order to obtain detailed information which questionnaire cannot provide. Structured questions were also used to guide the interviewer. A pilot study was also done to test the validity and reliability of the research instrument. Data collected was analyzed using both quantitative and qualitative method of analysis. The results were interpreted and conclusion and recommendations were made on the research finding s
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.
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
Factors Influencing Tax Compliance among Small and Medium Enterprises in Kwara State
(Journal of Accounting and Management, 2018-12) Mubaraq Sanni; Abdulrasaq Mustapha; Taofeeq Abdulazeez
The proportion of income taxes from small and medium enterprises in Kwara State has been on the decrease. This is due to low tax compliance. This study investigates the factors underlying individual taxpayers' compliance of SMEs owners in Kwara State. Primary data were collected through self-administered questionnaire. The population of the study is the 365 owners of SMEs registered with the Kwara State Internal Revenue Service. The sample Size is 186 obtained through stratified technique. The data was analyzed using multiple regression technique. Results of the study show that tax awareness has positive significant effect on tax compliance. The study concluded that tax awareness and taxpayers' perception on government responsibilities are important consideration as far as tax compliance by SMEs owners in Kwara state is concerned. The study therefore recommends that government should further increase public awareness on tax matters and endeavor to increase the provision of social amenities and infrastructural facilities such as good health services among others
COMPREHENSIVE PERFORMANCE MEASUREMENT SYSTEMS: TOOLS FOR EFFECTIVE ECONOMIC MANAGEMENT
(MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2019) Abdulrasaq Mustapha; Mubaraq Sanni
Performance measurement is all-endearing given its various roles identified in literatures. In spite of its shortcomings accounting performance measures have been traditionally and largely used by organisations to manage strategies to the advantage of stakeholders.. On this note, this paper critically evaluates accounting-based performance measures purposely to give insight on the need to embrace comprehensive performance measures as contemporary measurement tools for effective economic management. This is achieved through conceptual clarification of performance and performance measurement; evaluation of accounting-based performance measurement using Merchant and Van der Stede (2007) evaluation criteria; detailed discourse on various comprehensive performance measurement models that have evolved over the past two decades, with emphasis on their strengths and weakness; and, concluding remarks with advise that CIMA’s suggested steps to develop an effective performance measurements be followed to derive maximum benefit from any chosen performance measurement model.
RISK DISCLOSURE PRACTICES OF DEPOSIT MONEY BANKS IN THE PRE AND POST IFRS IMPLEMENTATION ERA
(LASU Journal of Management Science, 2019) SANNI, Mubaraq; MUSTAPHA, Abdulrasaq; OGUNWOLE, Paul B.
Globally, the high rate of corporate failures and the resulting lack of public confidence in financial reporting practice is no doubt a product of poor market discipline and risk disclosure practice, which has become a universal phenomenon engaged by managers of both developed and emerging economies. This study investigates empirically the difference in the levels of market discipline and risk disclosure practice of Listed Deposit Money Banks (DMBs) during the pre and post International Financial Reporting Standard(IFRS) implementation era in Nigeria using the Ex-post facto research design. Secondary data was employed as the method of data collection to extract information from the annual reports of the twelve listed deposit money banks for eleven years (2007-2017). This information was statistically analyzed using the Wilcoxon Signed Rank test. The study found that there exists significant difference in the level of market discipline and risk disclosure practice in the pre and post IFRS implementation era (Z= -3.361, p-value < 0.01).The study concluded that Listed DMBs disclose more information on credit risk and market discipline during the post IFRS era when compared to the era before IFRS. The study therefore recommends that regulatory bodies should put in place stringent policies and incentives to ensure that locally listed banks also disclose information relating to market risks.
MANAGEMENT CONTROL SYSTEM AND PERFORMANCE OF SMALL AND MEDIUM MANUFACTURING ENTERPRISES IN LAGOS, NIGERIA
(MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2019) Mustapha Abdulrasaq; Sanni Mubaraq
Management control system (MCS) constitutes one of the critical functions of management in organizations. However, little or no attention has been given to design and use of this very important function of management. Many mechanisms or techniques acknowledged to be in use to carry out management control function are limited to accounting-based control techniques which have been criticized to have behavioral dysfunctional consequences such as lack of direction, efforts aversion and other self-interested behaviors. In response to the limitations of accounting control system, the need to broaden the scope of MCS and humanize its role becomes imperative. In view of the foregoing, the study investigated how Small and Medium Manufacturing Enterprises engage in the practice of MCS and its effect on performance. The study employs quantitative method to obtain survey data from randomly selected 262 of small and Medium Manufacturing Enterprises in Lagos State respectively. The obtained quantitative data was subjected Partial Least Squares (PLS-SEM) analysis. The findings of the study revealed that variation in performance of Small and Medium Manufacturing Enterprises (SMMEs) was attributed to four management control mechanisms: compensation (β=0.225,P<0.05) and Planning (β=0.332,P<0.05) significantly impact on performance while Policies and procedures(β=0.206,P<0.05) and socio-cultural control(β=0.436,P<0.05)also have significant effect on performance. The study concluded that managers of Small and Medium Manufacturing Enterprises employ some accounting and non-accounting control mechanisms to achieve goal congruence among their subordinates and to a greater extent, the practices impact positively on performance. Therefore, the study recommended that SMMEs should integrate both accounting and non-accounting control mechanisms into the design of their control system architecture.
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.
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.
EFFECT OF BOARD CHARACTERISTICS AND FINANCIAL REPORTING QUALITY: EVIDENCE FROM LISTED FIRMS IN NIGERIA
(Ilorin Journal of Finance, 2019) Mubaraq Sanni; Abdulrasaq Mustapha; Saidu Musa
Incessant widespread of corporate financial scandals has been matters of concern among corporate stakeholders. This has been largely attributed to unethical accounting practices across the globe in the last decade. The management's unethical deals have cost the investing public serious financial losses amounting to several billions of naira. This study examines the effect of board characteristics and financial reporting quality of listed manufacturing companies in Nigeria. Ex-post facto research design was used with support of panel data. The population of the study was totality of one hundred and eighty-four (184) listed firms on the Nigerian Stock Exchange. The sample size was forty-three (43) listed manufacturing companies in Nigeria. The data were collected from secondary source through the annual reports of listed manufacturing firms on the Nigeria Stock exchange from 2007 to 2017. Descriptive statistics was employed and statistically analyzed using multiple regression analysis. Result of the study shows that board expertise had a positive significant effect with financial reporting quality of the listed manufacturing firms in Nigeria (t=4.010, p<0.001) at 5% significance level. The study concluded that board expertise affect financial reporting quality of the listed manufacturing firms in Nigeria. The study therefore rerecommended that they should increase the proportion of expertise in the board in order to enhance the quality of financial reports
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.

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