Scholarly Publication
Permanent URI for this collection
Browse
Recent Submissions
Now showing 1 - 5 of 57
- ItemIncome Diversification, ESG Practices and Financial Sustainability of Listed Non-Financial Firms in Nigeria(Atlantis Highlights in Economics, Business and Management, 2025-05-05) Lukman Adebayo-Oke Abdulrauf, PhD; Yusuf Olamilekan Quadrim PhD; Sheriff Akanji Ibrahim, PhDMeeting the current financial needs and ensuring resource availability for future operations is vital for firms to maximize their shareholders wealth and improve overall health of the economy. However, ineffective allocation of resources to new ventures and ESG compliance issues have compacted the overall performance thereby undermining the listed non-financial firms’ financial sustainability. Consequently, this study investigates the impact of income diversification and ESG practices on the financial sustainability of the firm. Longitudinal research design was used and 84 out of the 104 listed non-financial firms were sampled using multi-stage sampling technique. Data obtained from the annual reports of the sampled firms as well as the ESG-CSR Hub were analyzed using panel data regression (GLS) technique and the findings revealed that income diversification and ESG practices have impact on the financial sustainability of the listed non-financial firms in Nigeria. The study therefore recommends that firms should identify more complementary revenue sources especially in the high-growth sectors in order to minimize investment and operational risk. Also, firms should invest in the energy-efficient technologies and waste management practices while implementing ESG frameworks that will position them competitively in a dynamic environment.
- ItemFormal Financing, Country Risks and Livestock Output in Nigeria(Bayero Journal of Management Science, 2024-12-10) Abdulrauf Lukman Adebayo-Oke PhD, Ibrahim Sheriff Akanji, SafuraSikiru Abdullahi & Jimoh IsmailLivestock, which accounts for 30% of employment among Nigeria's rural population, is essential to the country's local economy and efforts to reduce poverty. The growth of the livestock subsector is hindered, nevertheless, by a range of concerns, such as political, economic, and financial uncertainty, as well as insufficient government budget allocation. In light of this, the purpose of this study is to examine how formal funding and national hazards affect Nigeria's livestock production. Secondary data for the years 1995 2021 were gathered from the International Country Risk Guide (ICRG) and the Central Bank of Nigeria (CBN). Using E-view 9, the study used both descriptive and inferential statistics. Before and after the given model was estimated using Autoregressive Distributive Lag (ARDL), a variety of diagnostic tests were performed. The agricultural guarantee credit scheme funds (AGC) are statistically significant at the 5% level of significance, according to the short term ARDL model. Other variables, such as commercial bank credits (CBC), budgetary allocation to agriculture (BAA), and exchange rate control variable (EXR), are not statistically significant in the short run. The control variable of prime lending rate (PLR, 0.0653) is statistically significant at 5% level of significance. Among other things, the study suggests that banks create customized credit solutions that address the particular requirements of cattle farmers, offer flexible periods for repayment, and form alliances with input suppliers and agriculture specialists.
- ItemOWNERSHIP ATTRIBUTES AND FIRM VALUE: EVIDENCE FROM LISTED NON-FINANCIAL FIRMS IN NIGERIA(Gusau Journal of Accounting and Finance, 2025-04-30) Yusuf Olamilekan Quadri, PhD; Lukman Adebayo-Oke Abdulrauf, PhD; Sheriff Akanji Ibrahim, PhDThe volatile macroeconomic environment in which listed non-financial firms operate in Nigeria has posed many challenges to firm value maximisation due to policy inconsistencies, governance imbalance from ownership configuration, investors’ confidence-related issues, regulatory barriers among others. Hence, this study investigates the impact of ownership attributes on firm value of listed non-financial firms in Nigeria. The study adopted a longitudinal research design and the data of 84 sampled listed non-financial companies were extracted from the annual reports and market data websites. Panel generalised least square regression was employed to analyse the data obtained and the results exhibited that foreign ownership (β=0.1183, p-value = 0.000), institutional ownership (β = 0.5511, p-value = 0.000), managerial ownership (β = 0.2206, p-value = 0.031) and ownership concentration (β = 0.1181, p-value = 0.007) are all significant at 5% significant level, The study concluded that ownership attributes enhance the firm value of listed non-financial firms in Nigeria; thus, it was recommended that sustainable value creation strategies should be adopted in balancing all forms of ownership attributes among listed non-financial firms in order to enhance firm value.
- ItemRole of Informal Finance in Promoting SMEs in Nigeria(IUP Journal of Business Strategy, 2025-03-31) Sheriff Akanji Ibrahim, PhD; Lukman Adebayo-Oke Abdulrauf, PhD; Yusuf Olamilekan Quadri, PhD; Aina Taiye John, PhDSMEs are critical to Nigeria's economic development, contributing to employment generation, innovation and poverty alleviation. However, access to finance remains a major constraint for SMEs, limiting their ability to grow and sustain operations. This study examines the role of informal financing in promoting SME growth in Ilorin Metropolis, Kwara State, Nigeria, focusing on the extent to which SMEs rely on informal financial sources, the impact of such financing on business performance. The study employs a quantitative research approach, using survey questionnaires to collect data from SME owners and managers. A multiple linear regression model was employed. Results established that informal financing positively impact SME growth, with personal savings having the strongest influence (β = 0.45, p < 0.05), followed by family and friends (β = 0.30, p < 0.05) and cooperative societies (β = 0.25, p < 0.05). Based on these findings, the study recommends policy interventions to improve SME access to financing, including reforming microfinance loan structures, strengthening cooperative societies, implementing financial literacy programs, and introducing government-backed credit facilities tailored to SME needs. Additionally, integrating informal financing models into the formal financial system could bridge the gap between SMEs and structured financial products, enhancing business sustainability.
- ItemMortgage Finance, Macroeconomic Factors and Housing Development in Nigeria(Center for Contemporary Economics and Allied Research, Department of Economics, University of Nigeria, Nsukka., 2025-03-31) Ibrahim Sheriff Akanji; Abdulrauf Lukman Adebayo-Oke; Quadri Olamilekan YusufDespite the critical role of housing as a component of economic growth and social stability, literatures have shown that housing development in Nigeria can be constrained by lack of long-term financing, as well as macroeconomic factors. This study examines the intricate relationships between mortgage finance, housing development and the interactive effect of macroeconomic factors in Nigeria. This research employs data on housing delivery, mortgage finance and macroeconomic factors, sourced from the Central Bank of Nigeria (CBN) statistical bulletin and Federal Mortgage Bank of Nigeria (FMBN) annual audited report between 2005 to 2022. The research adopt an expos factor and experimental descriptive design. Pre-estimation test such as unit root test and Bound test were employed to test for stationarity and cointegration. Empirical analysis was conducted using the Autoregressive Distributed Lag (ARDL) model. Findings from this study revealed that mortgage loan interaction variable have a very weak positive effect on housing delivery in the long run, with a coefficient of 0.005230 (p-value; 0.0005), mortgage equity’s negative effect was also reduced in the long run, with a coefficient of -0.001611 (p-value; 0.0268). Mortgage interest rate was also found to have a reduced negative effect on housing delivery in the long run, with a coefficient of -0.005316 (pvalue; 0.0003). The research concludes that macroeconomic factors’ interaction with mortgage finance negatively affects changes in housing delivery. Consequently, the research recommends that policymakers implement holistic measures to stabilize the economy, while incentivizing mortgage lending to guarantee access to adequate and affordable housing for Nigeria’s growing population.