Papers by Williams Abomaye-Nimenibo PhD
INTERNATIONAL TRADE AND ECONOMIC GROWTH IN NIGERIA FROM 1980 -2014, 2017
The study examines international trade and economic growth in N igeria from 1980 to 20 14. The br... more The study examines international trade and economic growth in N igeria from 1980 to 20 14. The broad objective of the study is t o examine the impact of international trade on economic growth in N igeria. To achieve this objective, time series data on gross domestic product (GDP) , export (EPT) exchange rate (EXR) and Trade openness (TOP) were sourced from CBN statistical bulletin. The econometric met hods of unit root test, Johansen cointegration test and Error Correction M echanism (ECM) were employed as the analytical tools. The result of the parsimonious ECM shows that the overall model is satisfactory given the coefficient of determination of 82 percent and fstatistics of 8.958. Furthermore, it also reveals that there is a significant relationship between international trade and economic growth in N igeria during the period of study. That is, international trade (proxied by exchange rate, trade openness and export) has impacted on economic growth (proxied by GDP) during the period of study. In addition, the long run dynamic result reveals that there exists a long-run relationship or equilibrium among the variables. This is because the coefficient of ECM is negatively signed and statistically significant, meaning that, the short run dynamics adjust to long run equilibrium relationship. It was therefore concluded that there is need to maint ain suit able or appropriate trade policy regimes regarding export, trade openness and the rate of exchange in order to foster economic growth in N igeria.
RA Journal Of Applied Research, 2019
This study systematically examined the impact of government education expenditure on economic gro... more This study systematically examined the impact of government education expenditure on economic growth in Nigeria from 1980 to 2015 using econometrics methods of ordinary least squares (OLS) and Co-integration as well as inferential analysis such as unit root test; Co-integration, etc. to analyse the data. The unit root test results reveal that the variables were stationary at their first differences using Augmented Dickey-Fuller unit root test. The co- integration test reveals that there is a Long-run relationship between the variables. The result of the Ordinary Least Squares shows that the overall model is satisfactory given the coefficient of determination of 79 percent and F- statistic of 39.25094. The result also reveals that government capital expenditure on education, government recurrent expenditure on education and tertiary school enrolment has a significant relationship with economic growth in Nigeria, thereby fulfilling the aim and purpose of public spending. Based on these findings, the study concludes that Nigeria's policy for economic growth and development has actually focused more on the educational sector. The government should endeavour to achieve a high-quality education along with the ultimate purpose of enhancing education for all as the panacea for true development.
American Journal of Operations Management and Information Systems, 2024
Importance, comprehensiveness, verifiability, neutrality, timeliness, comparability, and integrit... more Importance, comprehensiveness, verifiability, neutrality, timeliness, comparability, and integrity characterize a well-defined
financial report of any organisation. Nigeria has a thoroughly reviewed accounting system which is a major factor that enhances
the profitability of most NGOs. For anybody to collect genuine data from a real source, a questionnaire has to be drafted and
used. The results so obtained were analysed, and in most cases, presented in the form of percentages, averages, and standard
deviations. The intended respondents off this research included financial professionals of renowned non-profit organizations in
Rivers State of Nigeria. The respondents distributed a total of 55 questionnaires and returned 50 questionnaires, representing
90% of the total. To achieve a better analysis, the ANOVA One-way technique ware was used. Our findings revealed that, the
accounting system has a substantial impact on the effectiveness of non-profit organizations. It is our recommendation that
Non-profit organizations maintain adequate record-keeping in full compliance with the international reporting standards; follow
proper recruitment procedures; carry out regular trainings for their accounting personnel in modern software on a constant
schedule; carry out routing and annual auditing of their financial statements; and most importantly, incorporate good accounting
and internal control systems.
International Journal of Science and Research Development, 2023
This research sought to perform profit maximization for soap production using linear programming.... more This research sought to perform profit maximization for soap production using linear programming. The decision variables in this research were the five different types of soap (Bar soap, Aura toilet soap, Medicare Medicated soap, Translucent soap and Jumbo-all-purpose soap) produced by Rivers State Vegetable Oil Coy (RIVOC). Seven raw materials (sodium hydroxide or caustic soda, sodium silicate, perfumes, dye or colour, Palm kernel oil, salt and production time) were used in the soap production and the current quantities of materials for maximum profit in soap production as well as the time taken to produce each of the different variables of soap was determined. Linear programming optimization tool based on the soap production variables and constraints with the objective function of maximizing profit for the soap industry was applied, and the product mix and schedule of raw materials in soap production for maximum profit was determined using linear programming with LINDO software. Results showed that for profit maximization, 1052.63 units of Jumbo-all-purpose soap only should be produced daily amongst the other soap types, and with this product mix, a maximum profit of N68, 421.05 was generated daily. The result showed that producing 1052.63 units of Jumbo-all-purpose soap and zero production of the other types of soap (Bar soap, Aura toilet soap, Medicare Medicated soap, Translucent soap) generated a maximum profit of N68, 421.05 daily. Conclusion and recommendations were made that RIVOC Soap Production Industry should produce five different types of soap, but more Jumbo-all-purpose soap should be produced to attain maximum profit.
Global Journal of Human-Social Science: F Political Science , 2022
The study focuses on gender inequality and women participation in Nigerian politics, it was disco... more The study focuses on gender inequality and women participation in Nigerian politics, it was discovered that traditional, socioeconomic and political and cultural structures aid discrimination against women lead to law of contribution of women to social development. The finding shows that despite global effort to improve the poor condition of women through conventions and conferences such as CEDAW, MDGs, among others, gender discrimination has no abetted. Some of the main factors militating against women's effective participation in politics are illiteracy, poverty, money politics, intimidation, harmful traditional practices, violence, cultural and religious barriers. It is suggested that more effort is required by civil society, groups and government agencies for greater awareness on gender issues and rekindling effort of all stakeholders in quest to formulating politics and programmes towards reduction of gender inequality. Actions recognized by Nigerian laws. The recommendation also suggested that in order to ensure active participation of women in politics, government and political parties should increase the level of awareness of women by organizing seminar, workshops not only in the cities but also in villages.
Global Journal of Human-Social Science: F Political Science, 2022
The study examines the effects of corruption on economic development and growth in Nigeria. Corru... more The study examines the effects of corruption on economic development and growth in Nigeria. Corruption is conduct that deviates from the normal duties of public trust due mainly to the expectation of private pecuniary reward. The study purposes that corruption is the bane of economic development and growth in Nigeria. The study adopted the historical/descriptive method and sourced materials primarily from secondary sources. The study also adopted the prebendal theoretical framework. Findings from the study show that corruption retards economic development and growth, promotes bad governance, poor service delivery, uncoordinated policies and programmes decayed infrastructures, impunity by officials of government, brain drain, moral decadence and encourages leadership ineptitude. The study, therefore, recommends massive attitudinal reorientation and public enlightenment, compulsory declaration of assets and liabilities of government officials before and after office, plugging of leakages, greater operational autonomy to anti-corruption agencies, the establishment of a special court to handle corruption cases and the development of the strong institution and people-oriented and visionary leadership as the panacea for tackling corruption frontally in the country.
Global Journal of Human-Social Science: F Political Science, 2022
This work examines the sit-tight syndrome of African leaders who have no respect for the national... more This work examines the sit-tight syndrome of African leaders who have no respect for the national constitution, preferring to remain in power indefinitely despite tenure limitations by the constitution. The study adopted leadership theory as its theoretical framework and findings show that probe for wrongdoings, the misconception of democracy for the monarchy, strong authoritarian instinct, lack of accountability and transparency, cheap access to state resources and intolerance of opposition are some of the causes of tenure elongation in Africa which has spelt negative implications for democracy and development. The work recommends the building of a strong institution, independent of the judiciary, respect for the rule of law and, constitution establishment of constitutional courts in AU to regulate tenure common language and common market establishment.
International Journal of Financial Research, 2019
This study examined the impact of monetary policy on financial stability in the Nigerian banking ... more This study examined the impact of monetary policy on financial stability in the Nigerian banking industry for the period 2008Q1 to 2016Q2, using an error correction model. Banking industry financial stability index (BIFSI) was computed within the study and was used as a measure of financial stability in the Nigerian banking industry. The study discovered that the impact of monetary policy on financial stability in the Nigerian banking industry was weak. It also revealed a significant long run equilibrium relationship between monetary policy and financial stability in the Nigerian banking industry with a speed of adjustment to long run equilibrium of 66.54%. It was concluded that open market operation and exchange rate channels are more effective channels of transmitting monetary policy to financial stability in the banking industry, than interest rate channel.
Many studies on the impact of COVID-19 are often discussed in developed countries, stressing a ga... more Many studies on the impact of COVID-19 are often discussed in developed countries, stressing a gap in understanding how the pandemic impacts developing countries. This study focuses on the coronavirus called COVID-19 situation in Nigeria and its economic impact on the economy. The study also examines the structural causes that worsen the COVID-19 crisis in Nigeria. Our findings reveal that the economic downturn in Nigeria was triggered2 by a combination of declining oil prices and spillovers from the COVID-19 outbreak, which led to a fall in demand for oil products and social distancing, economic activities halted from taking place. The government retort to the crisis was to provide financial assistance to businesses and a few households affected by the coronavirus outburst. The Federal Government of Nigeria approved accommodative economic strategies by offering a targeted ₦3.5trillion loan as support to some sectors of the economy. However, these efforts did not prevent the economi...
This study examines the impact of the Internal Audit Control System on Operational Efficiency, a ... more This study examines the impact of the Internal Audit Control System on Operational Efficiency, a study of Akwa Ibom State Transport Company. The study was a survey design, and the population comprised all the 34 administrative staff of the AKTC finance, administrative and internal audit departments. A sample size of 31 staff was selected for the three chosen departments of the company for the study, and the sampling technique used was a single stage. The data for the study was purely primary data, where information was collected from the staff of the company via a questionnaire. The data obtained were analysed using simple regression analysis. The study's findings revealed a significant relationship between internal audit control and increased revenue generation and net profit. The findings also revealed a statistically significant impact of the internal audit control system on operational efficiency. The relationship between the internal audit control system and further expansi...
There is a great diversity in terms of socio-cultural, political, religious and racial background... more There is a great diversity in terms of socio-cultural, political, religious and racial backgrounds among students and lecturers. This diversity, with the presence of an appropriate lecturer-student or studentlecturer relationship, creates a campus environment that prepares students and lecturers to live and work amicably in a socio-culturally diverse society. It also equips them to respond to an increasingly complex global environment; besides, interpersonal relations in diversity which makes room for the generation, advancement and dissemination of knowledge, which is one of the key mission characteristics of university education in Nigeria and elsewhere. The main thrust of this study was to empirically examine the effect of Nigerian student's campus life vis-à-vis their behaviour and performance. To achieve this method we use the survey research method, using a questionnaire as an instrument of gathering data for the study through random sampling drawn from (3) three major Uni...
Petroleum oil is the black gold of the continent regarded as black Africa which has numerous mine... more Petroleum oil is the black gold of the continent regarded as black Africa which has numerous mineral resources which have been of tremendous benefit to the black continent and it has since the last three decades, played a critical role in the Nigerian economy. On the average, it has accounted for not less than 70% of the Federal government revenue, haven given 90% of the nation's foreign exchange earnings, and with a 12% real gross domestic product (GPD). Oil is one of the sources of energy in Nigeria, particularly and the world in general. The economic and political fortune of our great nation Nigeria is being shaped by Petroleum Oil which plays the dominant role in Nigeria after the end of the Nigeria-Biafran civil war of 1967 to 1970. GJMBR-B Classification: JEL Code: D00 AnAerialViewofaBlackManSufferingfromtheMenaceofCrudeOilTheBlackGoldSoot Strictly as per the compliance and regulations of:
The state of insecurity engendered by Boko Haram insurgency in Nigeria, especially in the North-E... more The state of insecurity engendered by Boko Haram insurgency in Nigeria, especially in the North-Eastern part of the country is quite bothersome, discouraging and upsetting. Boko Haram sect attacks are acts of terrorism which have resulted in the killing of a countless number of innocent people and wanton destruction of properties that worth billions of naira. The sect carries out shooting, bombing, maiming, rapping, adoption of innocent girls and women, kidnappings, and looting of communities that were peaceful and quiet. Initially the attacks were directed are Christians and Christian communities, but were later carried incessantly. This study seeks to x-ray the activities of the sect and the National Security implications with a view to proffering solution. Therefore, the major thrust of this research is to investigate the Boko Haram insurgency in Northern Nigeria and to underscore the urgent need for a permanent resolution of the crisis. The research argued that most of the circu...
This study was carried out to investigate Customer Relations Management (CRM) strategy on custome... more This study was carried out to investigate Customer Relations Management (CRM) strategy on customer retention in four (4) telecommunication service providers (MTN, Airtel, Globacom and Etisalat) within Uyo metropolis in Akwa Ibom State. The objectives of this study were to identify if there was an existing/significant relationship between CRM and customer retention, and to identify the various customer relation tools used in enhancing customer retention in these telecommunication companies in Uyo metropolis. To achieve these objectives, three hypotheses were formed and tested. Relevant data for this work were collected from both primary and secondary sources. A survey research design method was used and the instrument used in collecting data was the questionnaire.
The Niger Delta region of Nigeria, apparent said to be one of the richest and endowed deltas in t... more The Niger Delta region of Nigeria, apparent said to be one of the richest and endowed deltas in the world and contributes about 80% of Nigeria's national wealth. The people of the area do not see and taste a diminutive of this wealth, rather faces a continues years of political and economic marginalization, environmental degradation, bad governance and policy inconsistency by the government, and the divide and rule policy of the oil companies which led to the emergence of militancy in the Niger Delta Region in early 2006. The various activities of militants have created a state of general insecurity in the region. This has led to the emergence of organized non-state armed groups, environmental activism and militancy in the Region. On assumption of office on May 29, 2009, the then President Musa Yar’adua announced Amnesty Programme for the Ex-militants as a means of bringing Peace to the Region. Moreover, this was strategic state policy for diffusing youth militancy in the Niger ...
The study examined the impact of international trade on economic growth in Nigeria. The specific ... more The study examined the impact of international trade on economic growth in Nigeria. The specific objectives of the study were: to investigate the impact of oil export on the economic growth in Nigeria; to investigate the impact of oil import on the economic growth in Nigeria: to investigate the impact of non-oil export on the economic growth in Nigeria; to investigate the impact of non-oil import on the economic growth in Nigeria. Secondary data collected from the statistical bulletin of the Central Bank of Nigeria was used. The unit root test result was conducted, using Augmented Dickey-Fuller technique which showed that all the variables were stationary though at different levels. The Johansen co-integration result revealed that all the variables in the model have a long run relationship. The estimated result disclosed that there is a negative and insignificant relationship between oil import and economic growth in Nigeria; positive and insignificant relationship between oil expor...
The paper examines the impact of fiscal policy on certain macroeconomic variables in Nigeria from... more The paper examines the impact of fiscal policy on certain macroeconomic variables in Nigeria from 1980 to 2015. We used Government Expenditure, Total tax revenue, Unemployment rate and Gross Domestic Product (GDP) variables data from CBN statistical bulletins. Our econometric analysis used was the Ordinary Least Square (OLS) and co-integration. The OLS result revealed that there is a significant relationship between government expenditure and unemployment rate, as well as economic growth in Nigeria, but there was no substantial relationship between government tax revenue and unemployment in Nigeria, as well as no serious relationship existed between the government tax revenue and economic growth in Nigeria. The results of the cointegration text revealed a long-run relationship among the variables; and the study suggests that government should implement appropriate fiscal policies to stimulate the economy and also find answers to reduce the unemployment rate, use necessary financial ...
The contribution of taxation to any economy globally is so much in terms of quantification and ca... more The contribution of taxation to any economy globally is so much in terms of quantification and cannot be therefore be ignored as unimportant. It is a source of revenue or income to the government be it the Central, State or Local government in achieving their macro-economic objectives in the areas of fiscal and monetary policies. For Nigerian government to effectively carry out its primary function and other subsidiary functions, she requires adequate funding. Government responsibilities has continued to increase over time especially in developing countries like Nigeria due to the increasing nature and size of her population, and infrastructural deterioration. This study was therefore poised to empirically examine the tax revenue and economic growth in Nigeria from 1980 to 2015 by employing Gross Domestic Product (GDP) as the dependent variable and Petroleum Profit Tax (PPT), Company Income Tax (CIT), and Customs and Excise Duties (CED) as the independent variables. The analysis of ...
This study examines the effect of inventory management on organizational operations, productivity... more This study examines the effect of inventory management on organizational operations, productivity, as a means of causing the profitability of companies. The study was, therefore designed to study how the manufacturing firms managed their inventory materials. We used questionnaire in collecting our data. The data collected was analysed using spearman's rank-order correlation coefficient and the Pearson product-moment correlation coefficient. The findings indicated that the method used by 7Up Bottling Company to manage their inventories in both raw materials and the finished product was efficient as the amount of naira saved in the course of purchase have more effect on the profitability of the company during production/ selling of the finished goods. Controlled purchasing is found to be costeffective. The study recommends the following: an adoption and application of the economic order quantity (EOQ) model to save cost and make the operations more efficient.
This study examined government expenditure and economic growth in Nigeria during the period 1985-... more This study examined government expenditure and economic growth in Nigeria during the period 1985-2015. The specific objective of this study is to investigate how government capital expenditure affects economic growth in Nigeria. Data extracts from the Central Bank of Nigeria (CBN) statistical bulletin form our major source of information. We use the Unit root test using Augmented Dickey-Fuller test technique. Our result revealed that all the variables in the model were stationary at different levels of test. The Johansson co-integration test result also showed that all the variables in the model have a long-run relationship, and government capital expenditure has a positive and significant impact on economic growth in Nigeria. The government recurrent expenditure also has a positive and significant impact on economic growth in Nigeria having a coefficient of determination of 98.4% variation in the dependent variable being explained by changes in the explanatory variables. Based on o...
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Papers by Williams Abomaye-Nimenibo PhD
financial report of any organisation. Nigeria has a thoroughly reviewed accounting system which is a major factor that enhances
the profitability of most NGOs. For anybody to collect genuine data from a real source, a questionnaire has to be drafted and
used. The results so obtained were analysed, and in most cases, presented in the form of percentages, averages, and standard
deviations. The intended respondents off this research included financial professionals of renowned non-profit organizations in
Rivers State of Nigeria. The respondents distributed a total of 55 questionnaires and returned 50 questionnaires, representing
90% of the total. To achieve a better analysis, the ANOVA One-way technique ware was used. Our findings revealed that, the
accounting system has a substantial impact on the effectiveness of non-profit organizations. It is our recommendation that
Non-profit organizations maintain adequate record-keeping in full compliance with the international reporting standards; follow
proper recruitment procedures; carry out regular trainings for their accounting personnel in modern software on a constant
schedule; carry out routing and annual auditing of their financial statements; and most importantly, incorporate good accounting
and internal control systems.