Browsing by Author "ABDULKADIR, Rihanat Idowu"
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Item Access to Microfinance and Millennium Development Goals (MDGS): A Review of the impact on Developing Countries(Clarion University of Pennsylvania, Clarion, Pennsylvania., 2016) IJAIYA, Muftau Adeniyi; ABDULKADIR, Rihanat Idowu; SALAM, Mudathir Olanrewaju; ABDULRAHEEM, Abdulrasheed; ABDULLAHI, Ibrahim Bello; AJAYI, Micheal AdebayoAccess to microfinance is seen as one of the practical development strategies and approaches that could be implemented to attain the bold ambition of achieving the Millennium Development Goals. The objective of this paper is to discuss the impact of microfinance on Millennium Development Goals (MDGs). The study, through theory and numerous empirical studies, observed that access to finance is an important direct or indirect contributor to the achievement of the most of the goals in rural areas, because it reduces income inequality and poverty of the rural poor - key goal of the MDGs. Thus, the study suggests that government action should focus on institutional best practices for expanding and mainstreaming sustainable microfinance in every facet of the economy. There is need to also improve the dismal performance in children undernutrition, school enrolment, mortality rate, access to drinkable water, etc in post MDGs programme in order to improve and sustain the achievement recorded by the MDGs.Item An Assessment of Influence of Budget Process on Budget Performance: The Experience of Kwara State(Taiwan Institute of Business Administration, 2011-08) ALIU, Atanda Olanrewaju; SALAM, Mudathir Olanrewaju; ABDULKADIR, Rihanat IdowuThis study assessed the effects of budgetary process on budget performance in public sector using Kwara State as a focus. Data were collected from primary and the secondary source using structured questionnaires administered to accounting officers, budget officers and the legislators in the State. The data collected were analysed with Kruskal-Wallis estimator. The study found that the existing budget process is significantly effective to attain better performance, though stakeholders on budget implementation differ on their perceived extent of compliance showing there has not been full compliance with the application of budget process. Finally, the study recommends improving extents of compliance with budget process via organising seminars and workshops by Kwara State Government for incumbent and would-be stakeholders in budget implementation and imposing sanction to serve as deterrent against failure to comply with established budget process.Item Corporate Governance Mechanisms and Dividend Policy: Evidence from Quoted Deposit Money Banks in Nigeria(Department of Accounting & Finance and Business Administration, Fountain University, Osogbo, 2018-12) OLANREWAJU, Joy Olarike; ABDULKADIR, Rihanat Idowu; SALAM, Mudathir OlanrewajuDecline in dividend payments and weak corporate governance in Nigerian deposit money banks spur the need for this study. Therefore, the study investigates how corporate governance mechanisms such as executive compensation, debt financing, block ownership and directors’ ownership influence the dividend policy of these banks between 2006- 2016. The secondary data used for this study was extracted from the annual reports of the banks and different editions of the NSE fact book. Two-Step System Generalized Method of Moments (GMM) estimator was employed for analyses. Findings revealed that executive compensation, lagged dividend and size significantly affect dividend payment of deposit money banks while other mechanisms like debt financing, block ownership and directors’ ownership were insignificant in explaining dividend payment in Nigeria banks. The study concludes that executive compensation affects firm’s ability to reward shareholders in form of dividend payment in Nigerian deposit money banks. Thus, this study recommends that regulatory bodies like CBN, NDIC should ensure that the compensation paid to the bank executives is regularised so that the interest of investors will not be undermined. In addition, the compensation of the bank executives should be performance based, this will improve their performance and promote higher dividend payment to investors.Item The effect of Financial Statements on The Economic Decisions of Primary Stakeholders in Nigerian Banks(The Department of Business Administration, University of Ilorin, Ilorin, Nigeria, 2011) ABDULKADIR, Rihanat Idowu; ALIU, Atanda Olanrewaju; SALAM, Mudathir OlanrewajuThe major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organisations. This study provides empirical evidence on the impact of the information contained in the financial statements on economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for West Africa, First Bank, Guaranty Trust Bank and Diamond bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analyse the data gathered for the study. The results of the analysis show that the primary stakeholders lack the ability to analyse information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on evaluation of the bank’s financial statements. The study therefore concludes that the financial statements have no significant impact on economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organise educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyse information contained in the financial statements.Item Impact of Education and Gender on Personal Income Tax Compliance in Kwara State, Nigeria(Faculty of Business and Social Sciences, University of Ilorin, Ilorin, Nigeria, 2013-08) SALAM, Mudathir Olanrewaju; ALIU, Atanda Olanrewaju; ABDULKADIR, Rihanat IdowuThis study investigates the impact of education qualification and gender on personal income tax compliance in Kwara State. A questionnaire was administered to 450 respondents in the three local government areas in Ilorin metropolis. Mann-Whitney U test and analysis of variance statistical techniques were employed to analyse the data collected. The results reveal that both educational qualification and gender affect personal income tax compliance. As such, the study recommends that the Kwara State Board of Internal revenue should target the taxpayers with lower level of educational qualifications and male; with a view to directing its audit strategies in respect of the evaders and bridge the tax gap and also to create awareness about the penalty attached to tax evasion.Item Informal Microfinance and Primary Health care in Ekiti LGA, Kwara state, Nigeria.(Brown Walker Press, 2011) IJAIYA, Muftau Adeniyi; IJAIYA, Gafar T.; BELLO, Raji A.; IJAIYA, Mukaila A.; ABDULKADIR, Rihanat Idowu; LAWAL, Wahab A.; SALAM, Mudathir OlanrewajuMicrofinance provides a promising platform to expand health access and coverage for rural poor that are mostly farmers and urban poor who are in the informal sector of the economy through organized groups. Health in rural area is accessed through primary health and community care which is the most visible and commonly used part of the health system. Using a multi regression analysis, this study examines the impact of informal microfinance on primary healthcare. The study shows that there is positive relationship between informal microfinance and primary healthcare. However, poor funding that manifest in inadequate number of health staff with skills appropriate to the health priorities of rural areas; poor maintenance of equipment; inadequate drugs, etc coupled with diminishing confidence in public sector health facilities; rapid population growth, political instability; non-existence rural workforce policies and strategies etc, as well as the spartan living conditions in rural areas made health care services inaccessible to the rural people. The study thus recommend a regular higher savings and prompt repayment of loan in order to sustain the activities of informal microfinance, so that clients can have more access to fund to meet their health needs. Government should also complement the activities of the informal microfinance by ensuring that drugs are available and cheap in the rural areas of Ekiti. Besides, government should recruit health staff with skills that are appropriate to the health priorities of rural areas, maintain poor equipments, and bring health facilities closer to the rural areas. This will reduce the money spent by the rural dwellers on travelling to receive healthcare.