| 1 | Author(s):Akande, Bello, B., Eyitayo, Onipede, Olabiyi, Tongo, Nancy Izegbuwa, Olugbenla, Patrick, Adekunle, Adekola Rasheed.. Page No : 7-24 |
CORPORATE CULTURE AND EMPLOYEE RETENTION IN SELECTED FOOD AND BEVERAGES COMPANIES IN ADO ODO OTA L.G.A OF OGUN STATE
Abstract
This study examined the relationship between corporate culture and employee retention using
food and beverage companies in Ado-Odo-Ota L.G.A of Ogun State. The three selected
companies used were Nigeria Distilleries Limited, Intercontinental Distilleries Limited and
Nigeria Breweries. This study used a survey research design. The random sampling was used
in this investigation to gather data. The sample frame of the employees in the selected food and
beverages company population were drawn using Taro Yamane formula 203 copies of the
questionnaire were administered of which 200 of them analysable which provided the basis for
data presentation. Data collected were analysed using both descriptive and inferential statistics
chi-square test at p > 0.05. The study through means score and standard deviation as well as
regression analysis found out that there is a significant relationship between teamwork between
corporate culture and employee retention in selected food and beverages companies in Ado
Odo Ota L.G.A of Ogun state, Nigeria, (corporate culture mean = 52.4620; standard deviation
= 7.84089; teamwork behaviour mean = 118.3266; standard deviation = 21.70366). The result
also revealed that Communication is significant and contributed to employee job retention.
Communication (B = .132; t = 3.941; p < .05). Reward and recognition also determine
Employee job retention (F2,1144 = 69.201; p < .05) and Training and development also
contributed to employee retention in selected food and beverages companies in Ado Odo Ota
L.G.A of Ogun state, Nigeria (Beta = .122; t = 3.701; p < 0.05). The study concluded that
corporate culture has a significant and positive influence on employee retention and
recommended that organisational structure, i.e. a Matrix structure, be reviewed to allow for a
more flexible and less bureaucratic culture. Also, rules and processes should be adaptable
enough to allow for employee input and creativity.More crucially, among other things,
corporations may actively promote engagement in particular elements of their responsibilities.
| 2 | Author(s):Adeniyi, Okeowo Idowu, Amos, Adewale Segun, Oluwaseun, Japinye Abayomi. Page No : 25-38 |
EFFECTIVENESS OF MONETARY POLICY TOOLS ON NIGERIA’S ECONOMIC GROWTH AND THE MODERATING IMPACT OF FINANCIAL SECTOR DEVELOPMENT
Abstract
This study investigated effectiveness of monetary policy tools on Nigeria’s economic
growth and assessed the moderating impact of financial sector development. Annual time
series data on Gross Domestic Product (GDP), Exchange Rate, and Inflation are obtained
from Nigerian Central Bank's statistical and Monetary Policy and Credit Availability were
obtained from World Bank Development Indicators covering 31 observations from 1991 to
2022 were used in the study. Data were analyzed using the Autoregressive Distributed Lag
(ARDL) model. Research results show that, there exists a positive significant relationship
between exchange and Inflation rates with economic growth over the long term; also,
positive significant relationships can be detected in the growth of money and volume of
credit with economic growth in the long term. On the other hand, the monetary policy rate
and credit availability significantly negatively affect economic growth in the long term.
These consequences explain that inefficiency exists in the financial environment or
monetary policy instruments in isolated applications without considering the context of the
financial sector, which needs to be more durable and realistic enough to be effective. In
addition, the analysis with the Autoregressive Distributed Lag (ARDL) model for both
levels and the first difference, confirm the existence of a long-run cointegration among
monetary policy measures and economic growth. Therefore, the negative coefficients on
both the monetary policy rate and the availability of credit indicate that monetary policy,
if adjusted effectively, can serve as a powerful tool to initiate the desired economic
expansion. This finding instills hope and optimism for the future of Nigeria's economy.
Keywords: Economic growth, Financial sector, Moderating Co-integration, Monetary
policy.
| 3 | Author(s):Aroyewun, Bola Olatunbosun, Olakunle, Habeebulahi Akintola, Akintola, Abolade Francis. Page No : 39-53 |
FINANCIAL SECTOR DEVELOPMENT AND AGRICULTURAL OUTPUT IN NIGERIA
Abstract
This paper investigated the impact of financial sector development on agricultural output
from 1981 to 2023 both in the short and the long run. The descriptive statistics and
stationarity tests were conducted prior to the long run test using the Johansen cointegration and the Vector Error Correction Model (VECM). The Johansen test showed
evidence of long run causality among the variables in the model. The serial correlation
and the heteroscedasticity tests were conducted in addition. The result revealed the
presence of linkage between lending rate, exchange rate and agricultural output. Loan to
private sector and loan to agricultural sector as a proxy of financial sector development
positively affected agricultural output in the short run. In the long run, lending rate and
loans to private sector were negatively related to agricultural output while loan to
agricultural sector had positive effect on output. The positive effect was, however,
insignificant in the long run. This implies that in addition to finance and credits, peripheral
factors such as insecurity, poor infrastructure, supply chain disruptions and low
productivity are pervasive in their influence on agricultural performance to agriculture in
Nigeria over the long term. The study recommended that the Central Bank of Nigeria
through its monetary policy tools should ensure loans through the deposit banks are made
accessible to genuine and credit worthy farmers at the lowest possible cost while
addressing the insecurity issue.
| 4 | Author(s):Sanni, Michael Rotimi. Page No : 54-71 |
FRAUD INVESTIGATION AND FRAUD PREVENTION IN NIGERIA’S PUBLIC SECTOR
Abstract
This study investigated how fraud investigation can be successfully used to prevent
fraudulent practices in Nigeria’s public sector. A descriptive survey design was used for
this study. The state with the highest total revenue was selected from each of the country's
six geopolitical zones. Structured questionnaires returned by 341 respondents (85.5%
response rate) who were mainly accountants, auditors and lawyers in the public sector
were analyzed with ordinal regression analysis. Fraud investigation was proxy by Legal
Framework; Whistleblower Protection; Trained and Skilled Investigators; Cooperation of
Agencies; Transparent and Accountable Leaders and Public Awareness and Education.
Findings showed that Legal Framework and Whistleblower Protection have negative and
insignificant coefficients. The rest have positive and also negligible coefficients. All the six
variables used collectively accounted for just 12% of fraud prevention in the public sector
of Nigeria. The study concluded that investigation alone cannot curb fraud in the public
sector of Nigeria. The study therefore recommends that fraud investigation should be
combined with other methods to combat and eradicate fraud in the public sector of Nigeria.
| 5 | Author(s):Adesina, Julius Babatunde, Asaolu, T.O, Nwidobie, B.M. Page No : 72-88 |
SUSTAINABILITY DISCLOSURE OF NON-FINANCIAL LISTED FIRMS IN NIGERIA: ARE THERE DIFFERENCES IN THE LEVEL OF DISCLOSURE AMONG INDUSTRY SECTORS?
Abstract
Abstract
Sustainability disclosure in many jurisdictions is still voluntary while it is mandatory in
other climes. In Nigeria, the Nigeria Exchange Group (NGX) requires listed firms to
include sustainability report in their annual reports from 2019. This study investigated
whether there are differences in the level of sustainability reporting among the seven
sectors of the non-financial listed firms on NGX. Population for the study was all the 97
non-financial listed firms on NGX while a sample of 30 firms were purposively and
proportionately selected, based on largest capitalisation, from the seven sectors of the nonfinancial firms on NGX. Contents analysis was used to determine the level of quantity and
quality disclosures while ANOVA was used as a method of analysis to determine if there
were variations in the level of reporting by the seven sectors. Results showed that there
were variations in the level of sustainability quantity and quality disclosures at 1% level of
significance, with P-values of 0.00001 and 0.00006 respectively. It was therefore
recommended that governments at both the federal and state levels should continuously
enforce environmental and, health and safety laws with appropriate sanctions for any
breach.
| 6 | Author(s):Afolabi, Adegboyega R. PhD. Page No : 89-104 |
DOES COMPANIES’ INCOME TAX AND FINANCIAL LEVERAGE AFFECT PROFITABILITY OF QUOTED MANUFACTURING COMPANIES IN NIGERIA?
Abstract
Researchers have continued to debate on the possibility of companies’ income tax affecting
the earnings of companies without much concern for its link with financial leverage. This
research evaluated the influence of companies’ income tax and financial leverage on
manufacturing companies listed in Nigeria. Ex-post facto research design and population
of 41 Nigerian manufacturing companies quoted on Nigerian Exchange (NGX) (2021) were
adopted for the study. The sample size was 20 companies using stratified sampling and
secondary data from audited published financial statements for ten years covering 2012 to
2021. Descriptive and inferential (regression) statistics were employed for the analyses of
data. The findings revealed that companies’ income tax (CIT) had no significant effect on
profitability with t-stat p=0.61, p>0.05 therefore accepting the null hypothesis; but
financial leverage had significant effect on profitability with t-stat of 5.217 and p=0.000,
p<0.05, hence null hypothesis is rejected; also both companies’ income tax and financial
leverage had significant effect on profitability of quoted manufacturing companies in
Nigeria with F-stat value of 18.96 and p=0.000; p<0.05; therefore null hypothesis is
rejected. The study concluded that majority of the listed Nigerian manufacturing
companies are operating on loan and companies’ income tax alone cannot significantly
influence their profitability but it was possible with the inclusion of financial leverage. It
recommended that government should review the tax policy so that companies’ income tax
rate can be reduced, and improve infrastructural facilities deficiency.
| 7 | Author(s):Orukotan, Caleb Ilemobayo, Dokpesi, Augustine O. Page No : 105-117 |
STAFF WELFARE AND UNION ROLES IN NIGERIAN UNIVERSITIES
Abstract
This study explored the dynamics of interactions between the Academic Staff Union of
Universities (ASUU) and its members, focusing on their perceptions of staff welfare in
Nigerian universities. Drawing on Social Exchange Theory, the study examined how
Academic Staff Union of Universities members invest in the union with expectations of
reciprocal benefits, particularly in advocating for their welfare. A descriptive survey
design was employed, with data collected from Academic Staff Union of Universities
members in six universities through questionnaires and interviews. Findings reveal
significant gender differences in perceptions of remuneration improvements since 2015,
with male respondents showing more positive views. Moreover, while salaries for academic
staff have increased nominally, inflation and economic factors have diminished their real
value, leading to economic desperation among members. Academic Staff Union of
Universities’ efforts to secure earned allowances are commendable, yet political obstacles
persist. The study underscores Academic Staff Union of Universities’ vital role in
improving member welfare and challenging government dominance in tertiary education
governance. To address staff welfare, it is essential to prioritize negotiation over strikes,
embrace multidimensional approaches to dispute resolution, and ensure timely payment of
earned allowances. Overall, proactive dialogue, mutual respect, and effective conflict
resolution are essential for enhancing academic staff welfare and educational standards
in Nigerian universities.
| 8 | Author(s):Eyanuku, Julius Paul, PhD. Page No : 118-130 |
CROSS CULTURAL MANAGEMENT IN CORPORATE HUMAN RESOURCE MANAGEMENT AND ORGANISATIONAL GROWTH IN LAGOS
Abstract
The increasing globalization of businesses has led to the emergence of a diverse workforce,
which requires effective cross-cultural management strategies to ensure organizational
growth. This study evaluated the relationship between cross-cultural management on
global human resources management and organizational growth in Lagos, Nigeria. A
survey research design was used to collect data from 250 respondents on cross-cultural
management practice and organisational growth. The findings indicated that there is a
strong positive relationship between cross-cultural management and organizational
growth. The study recommended that organisations in Lagos should incorporate cultural
training programmes for their employees to improve their intercultural competence.
Cultural training programmes can help employees to understand and appreciate different
culturalbackgrounds, leading to better communication and collaboration in the workplace
| 9 | Author(s):Adewale, Olugbenga Charles, PhD, Akeredolu-Ale, Bolanle, PhD, Onifade, Comfort Adenike Onifade, PhD. Page No : 131-142 |
INFLUENCE OF MASS MEDIATED MESSAGES IN THE POLITICAL SOCIALIZATION OF RURAL RESIDENT IN OYO STATE
Abstract
Political socialization is a process by which people develop attitudinal dispositions about
politics and is mediated through various agencies of the society, with communication as its
key driver. This study assessed how mass-mediated messages influence political
socialization of people who reside in rural communities in Oyo State. For the survey, 378
respondents were selected using a multistage sampling technique. Using a structured
questionnaire, focus group discussion and group interview, data were obtained on
residents’ access and usage of mass media for political socialization: influence of selected
media items on political socialization and methods of political participation. Results
further showed that political information was mostly sourced by the respondents through
radio (𝑥̅=3.49). Overall, 59.5% of the respondents had high political participation.
However, public affairs programmes (𝑥̅=2.83) and news/commentaries (𝑥̅=2.50)
influenced political socialization of the residents. The study concluded that mass media
was influential in the political socialization of residents of rural areas in Oyo State.
Therefore, media organizations, especially radio stations should prioritize public affairs
programmes that put politicians on the spot and encourage audience participation.
| 10 | Author(s):Alliu, Sadiat Iyabode, Balogun, Obasanjo Solomon. Page No : 143-159 |
PSYCHOLOGICAL FACTORS INFLUENCING MIGRATION DECISIONS AMONG HEALTHCARE PROFESSIONALS IN NIGERIA
Abstract
The mass migration of healthcare professionals from Nigeria, commonly referred to as
“japa syndrome,” has left a significant gap in the country’s healthcare system. While
economic and social factors in migration decisions are well-documented, the psychological
dimensions remain significantly underexplored. This study aimed to identify key
psychological factors and theoretical foundations explaining migration decisions and
determine how these factors drive migration in Nigeria. This qualitative study was
structured around two research questions: What psychological factors influence migration
decisions? and how these psychological factors drive migration decisions and intentions.
The study reveals that Nigerian healthcare professionals are driven by work-related stress,
burnout, anxiety, and job insecurity, leading to migration for better opportunities abroad.
These factors explained by Maslow's hierarchy of needs, push and pull theory, and
cognitive dissonance theory, present a comprehensive understanding. The study suggests
systemic changes to reduce migration pressures for healthcare workers, including stress
management programs, improved working conditions, professional recognition, and
effective retention strategies.
| 11 | Author(s):Olugbenga, Paul-Osaro, Adefarasin, V.O, Aina, A. A.. Page No : 160-170 |
AN ASSESSMENT OF JULIUS NYERERE’S EDUCATION FOR SELFRELIANC
Abstract
Education for self- reliance was the most important educational principle which Julius
Nyerere considered as a foundation for Africa’s development. For him, it is important that
the educational system in Africa should be structured in such a way that it will foster the
goals of togetherness and cooperative endeavours for the liberation of the African
continent. Education for self-reliance is about gaining self-independence, selfdetermination and self-valued. He however, made a case that such an educational system
would be geared towards the freedom of the African man from the constraints imposed by
colonial dependency. To this end, the purpose of this paper therefore, is to assess Nyerere
concept of education for African self-reliance. In doing this, a conceptual clarifications
and rigorous analytical method would be applied. Finding revealed that our educational
system had been westernised which promotes the culture and custom of the western
countries. It is also revealed that the western style of education had not meant our societal
demands in Africa. This study therefore recommended that an indigenous educational
system is necessary for Africa and African to fully liberate itself from western control and
dependency. It is also recommended that an Afrocentric educational system is needed at
this point in order to promotes our culture and customs for self- fulfillment and selfrealizatio
| 12 | Author(s):Emakpor R.O., Oworu O.O, Bello M.O.. Page No : 171-182 |
SOCIAL FACTORS INFLUENCING SUBSTANCE ABUSE AMONG UNDERGRADUATES OF TAI SOLARIN UNIVERSITY OF EDUCATION IJAGUN, OGUN STATE, NIGERIA.
Abstract
Substance abuse has long been a significant challenge in public health, persisting
throughout history. There is a growing concern over the escalating use of substances
among undergraduate students, posing serious threats to societies worldwide. This trend
not only jeopardizes physical health but also undermines social and ethical standards.
Substance abuse among undergraduates leads to property damage within educational
institutions and diminishes the prospects of academic success of students. In examining the
social factors influencing substance abuse among undergraduates at Tai Solarin
University of Education in Ijagun, Ogun State, a descriptive survey research design was
employed. The study utilized a simple random sampling technique to select a sample of
eight hundred (800) undergraduates. The researcher designed a questionnaire with a
reliability coefficient of 0.78 to investigate substance abuse among undergraduates,
employing statistical tools such as frequency counts, percentages, and chi-square tests at
a significance level of 0.05. The analysis resulted in the rejection of all three hypotheses.
The study identified peer pressure, substance availability, and advertisements as
significant contributors to substance abuse among undergraduates. Consequently, the
study recommends mandatory medical testing for substance abuse across all
undergraduate levels and advocates for active involvement of health educators in
educating students, including integration of substance abuse topics into General Studies
(GNS) courses.
| 13 | Author(s):Balogun, Obasanjo Solomon, Alliu, Sadiat Iyabode, Agboh, Micheal A. Page No : 183-197 |
PERCEPTIONS OF STATE POLICING AMONG TERTIARY STUDENTS IN ILORIN: A QUALITATIVE STUDY
Abstract
State policing has become a prominent topic in Nigeria’s ongoing efforts to reform law
enforcement and address security challenges. This study, therefore, investigated how
students in some selected Nigerian tertiary institutions perceived state policing, with an
emphasis on their knowledge of the concept, its efficiency in upholding law and order, and
their reservations about its implementation. 32 undergraduate students majoring in
criminology and security studies at the University of Ilorin and Kwara State Polytechnic
Ilorin provided qualitative data through structured interviews. Analysis of the data showed
that responses from 16 participants reached topic saturation. Thematic analysis revealed
that students expressed worries over political meddling, corruption, and possible violations
of human rights, even as the majority expressed cautious optimism about the ability of state
policing to increase security. The paper stressed the necessity of addressing these
challenges and offers recommendations for the effective implementation of state policing.
| 14 | Author(s):Nwobi, Emmanuel Chibuikem, Alade, Adebola A.. Page No : 198-206 |
INTERESTED PARTIES AND SELECTION OF VICE CHANCELLOR IN SELECTED SOUTH WEST UNIVERSITIES IN NIGERIA
Abstract
Selection of leadership roles in university system has to do with the ability to get things
done with the support and cooperation of other people within the institution. Leadership in
the universities in Nigeria is handled by Vice-Chancellors and they are regarded as critical
academic leaders because of the executive powers and roles attached to their offices. In
choosing Vice-Chancellors of these higher institutions of learning, various actors are at
play, both internal i.e. the Visitor, governing council and the university senate, as well as
external interest parties such as politicians, businessmen, religious leaders, among others.
This study examined the roles and influences of these various interest parties in the
selection of Vice-chancellors in selected public universities in Southwest Nigeria. The
theory adopted for the research is stakeholder theory. Primary and secondary sources of
data served as the sources of information gathering. Interviews were conducted with
various stakeholders in the university environments. The study found out that the major
stakeholders (the Visitor, governing council and university senate) are backed up by law
to appoint vice-chancellors based on laid down principles and merits. However, especially
in the contemporary times, external interest parties (politicians, traditional rulers,
religious leaders, etc.) have been influencing the process. Also, the interference of these
stakeholders has caused many crises that resulted in loss of merit and quality in the
governance of these institutions. Some of the interest parties have descend so low as to
engage in dubious activities due to the interference. The research recommends
harmonization of genuine concerns of interested parties in ways that meritocracy and
integrity can be prioritized to ensure the appointment of competent and qualified
individuals.
| 15 | Author(s):Emakpor, Oluwaseyi Amos, Adeyemi-Suenu, Adebowale, Salami, Wale. Page No : 207-216 |
PLASTIC AND IRON WASTE RECYCLING POLLUTION IN LAGOS STATE, NIGERIA
Abstract
Lagos State had experienced adverse pollution as a result of lack of proper waste
management and diverse industrial activities within its environs. The repercussion of this
has consequently led to the deplorable state of the environment as well as the low quality
of health amongst residents. Waste management has become a huge and intricate problem
due to geometric population growth, urbanisation, industrialisation and the rising
standard of living. This study investigated Plastic and Iron Waste Recycling Pollution in
Lagos State, Nigeria. This study concluded that hazards of Plastic and Iron Waste
Recycling Pollution in Lagos State; the drainage systems habitually blocked causing yearly
flooding which usually lasted throughout the rainy seasons from April to October and
displaced millions of residents. The clogged sewage systems became the perfect breeding
environment for mosquitoes and flooding washed away footpaths caused people to move
around in dirty water from overflowed gutters and polluted major sources of drinking water
which led to the spread of cholera and typhoid fever. Also, higher levels of toxic heavy
metals were observed among residents at close proximity to recycling iron factories. For
environmental sustainability in Lagos State plastic and iron waste recycling pollution must
be seriously cautioned in following; environmental impact assessment is necessary for any
development in Lagos State, recycling programmes and waste to energy facilities can be
reawaken with modernised and ecological friendly technologies.
| 16 | Author(s):Livinus Nwaugha. Page No : 217-218 |
Book Review: World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability
Abstract
Book Review
