The Nigerian Economic implication of COVID-19 motivated this study. The study discussed the argument and counterargument within scientific discussions on the challenge of COVID-19 on Nigerian Economy. The broad objective of this study is to investigate the Nigerian Economic Change and Challenge of COVID-19 as well as the way forward. The specific objective is to determine the relationship between Nigerian Gross Domestic Product and COVID-19 comparing 2019 and 2020 Nigerian Economic Change, the study also aimed at establishing the way out of COVID-19. Descriptive statistics method of data analysis was used to present the results and findings of the study. The research design adopted in this study is ex-post facto. In this research, the type of data analysis that will be employed is descriptive statistics. The techniques will involve a view and appraisal of the effect of COVID-19 on Nigerian economy. That notwithstanding, the methodology can produce useful and meaningful results. To achieve this, quantitative analysis involving the use of percentages, degrees and graphical charts for the explanation of the data collected will be employed. Findings revealed that the coronavirus pandemic lockdown reduced the volume and value of production in Nigeria and affected the gross domestic product of Nigeria which almost jeopardized the Nigerian economy. Findings also revealed that resumption of offices and trading activities leads to an increase in the level and volume of production in Nigeria and this led to an increase in the value of GDP in Nigeria. The study therefore recommends that the Nigeria government should pay more attention to the Nigerian health sector in terms of funding, equipping hospitals, and training of medical staff. Nigerians should make use of preventive measures of COVID-19 which is the best way out of COVID-19; this will prevent shutting down of sectors and lead to a very high level of production in Nigeria. The study is highly unique as it will make Nigerians to know the effect of COVID-19 on Nigerian Economy. The study will shed light on different ways out of Coronavirus. The data to be analyzed covers 2019-2020 Nigerian quaterly Gross Domestic Product.
Various strategies have been used by Nigerian government in a bid to stem the tide of rising poverty in the country but poverty appears not to have been abated judging from the available statistics. However, China has been able to reduce its poverty from 57% to less than 1% between 1999 and 2020. Therefore, this study appraised empirically the efficacy of Chinese poverty reduction model reducing poverty in Nigeria. Both the CBN Statistical Bulletin and World Bank Development Indicators were used as sources for the data. The data were analyzed using regression utilizing the Ordinary Least Square method. The results showed that agricultural productivity, a component of China's strategy to combat poverty, had a significant impact on reducing poverty in Nigeria. Additionally, it was discovered that government spending on social services, another Chinese strategy, had a beneficial effect on the eradication of poverty. It was discovered that a 1% increase in the amount spent on social and community services in Nigeria resulted in a 21% decline in the country's poverty rate. However, it was found that agricultural spending was inversely correlated with capital income, which went against the theoretical prediction. Therefore, it was determined that the Chinese model for decreasing poverty, which incorporates better agricultural techniques, higher social security, and community services, will be effective in significantly lowering poverty in Nigeria by 2030.Keywords: Poverty Reduction, Chinese Model, Agricultural Productivity, Social and Community Expenditure
The study x-rays the relationship that board expertise and board independence have on financial reporting quality in Nigeria. The study used data gathered from forty quoted companies for the period 2010-2015. The study conducted descriptive statistics and correlation matrix and the analysis was done using ordinary least square. The study revealed that board expertise had a positive significant relationship on financial reporting quality. On the other hand, board independence had a positive insignificant relationship on financial reporting quality implying that increase or decrease of members that are independent of the board has no significant impact on financial reporting quality. The study concluded that board expertise is a major determinant of financial reporting quality. The study recommended that management should increase the number of members with expertise on the board since it will go a long way in enhancing financial reporting quality among others.
The study investigated the relationship between cooperative societies and financial intermediation efficiency in Ife east local government, Osun State, Nigeria. The broad objective of this study is to examine the extent at which cooperative societies in Ife East Local Government achieved their financial intermediation role. The specific objectives are to examine the relationship between the total deposit and total credit of Munislam Welfare Fund cooperative society and to investigate the relationship between the total deposit and the total credit of Al-Irshad welfare fund cooperative society.The study used regression analysis method to achieve the stated objective. The data for this study was obtained from the annual financial report of the selected cooperative societies in Ife East Local Government, Osun state, Nigeria. It was revealed in Credit supply equation I that there was a positive correlation and significant relationship between the total deposit and total credit of Munislam Welfare Fund cooperative society. It was also discovered in Credit supply equation II that there was a positive correlation and significant relationship between the total deposit and total credit of Al-Irshad welfare fund cooperative society. The study recommends that Cooperative Societies should foster a higher level of liquidity in order to increase its ability to grant loans and advances to their members for productive purpose. The study also recommends that Cooperative societies should effectively utilize mobilized deposit in order to ensure the efficiency of financial intermediation.
The study investigates the argument and counterargument within the scientific discussion on ethics as the panacea to organizational performance in the financial service industry using ethical leadership, organizational ethical culture and public perception on ethics to measure organizational performance. The objective of this study is to examine the relationship between ethical leadership and organizational performance in Osogbo and Iree United Bank of Africa. Secondly, this study aimed at determining the relationship between organizational ethical culture and organizational performance in Osogbo and Iree United Bank of Africa. Thirdly, the study intends to establish the relationship between public perception of organizational ethics and organizational performance in Osogbo and Iree United Bank of Africa. The research questions formulated to guide this study are: What is the effect of ethical leadership on organizational performance in Osogbo and Iree United Bank of Africa; How does organizational ethical culture impacts organizational performance in Osogbo and Iree United Bank of Africa? What is the relationship between public perception of organizational ethics and organizational performance in Osogbo and Iree United Bank of Africa? This study adopted the survey research design and obtained its data from primary sources. The primary data were obtained through a questionnaire administered on 100 respondents of United Bank for Africa Plc, Iree and Osogbo branches. A simple random sampling technique was also used to conduct a personal interview on 50 customers of the bank. Regression analysis was used to test the hypotheses at a 0.05 level of significance. The study showed a positive and significant relationship between ethical leadership and organizational performance, organizational ethical culture and organizational performance, and public perception of ethics and organizational performance. The study, therefore, recommends that management should not only communicate organizational ethical values to employees in words but also in action; they should lead by example, proper attention should be placed on organization’s culture to ensure that it is ethical as employees are willing to do more in an organization with ethical culture and also, service industries in Nigeria must ensure that their organizations are managed in a way that will enhance a positive public perception.
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