Browsing by Author "Abdullahi, Ibrahim Bello"
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Item Access to Microfinance and Millennium Develoopment Goals (MDGs)(University of Pennsylvania, Clarion, 2016) Adeniyi, M. Ijaiya; Idowu, R. Abdulkadir; Olarenwaju M., Salam; Abdulrasheed, A.; Abdullahi, Ibrahim Bello; Adebayo, M. AjayiAccess 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 Agricultural Credit Guarantee Scheme and Food Security in Nigeria(Department of Environmental Studies, 2017) Ijaiya, M.A.; Abdulraheem, A.; Ijaiya, M.A.; Abdullahi, Ibrahim BelloUsing a time subscript and a difference-in-difference estimator that describes the changes in food crops as a function of changes in ACGS, this paper examines the influence of changes in ACGS loan on food crops output over the years. The result shows that only the initial level of ACGS on food crops has helped moved food security more than the changes experience in recent time. Thus, government should put in place an effective legislation that would establish a reliable ground rules for consistent and equitable application of ACGS and stable macroeconomic policies that would sustained it.Item Bank Consolidation and Recapitalization in Nigeria(DEpartment of Business Administration, University of Ilorin, 2006) Abdullahi, Ibrahim BelloThis paper evaluates merger and acquisition option in meeting up with the new reform on bank consolidation and recapitalization in Nigeria, It is hoped that it would serve as reference point to the technocrats, public and other relevant regulatory agencies charged with the task of achieving credible reforms in the Nigerian banking industry. The issues evaluated related to historical perspective of capital Reforms and mergers & acquisitions, meaning & procedure, objectives, conceptual clarification, legal framework, problems and risks associated with merger & acquisition in Nigeria. This paper concluded that merger and acquisition is a very complex process, though it holds great potentials for the consolidation and recapitalization reform in the banking industry, if consciously implemented.Item Banking Sector Reforms and Bank Consolidation in Nigeria(Department of Political Science and Public Administration, Babcock University, Ilisan Remo, Ogun State, Nigeria, 2007) Abdullahi, Ibrahim BelloThis paper evaluates the challenges and prospect associated with the recent banking sector reforms and consolidation in Nigeria. It is hoped that it would serve as a useful guide to the stake holders and other relevant regulatory agencies charged with the task of achieving credible reforms in the Nigerian banking industry. The issue discussed relates to the structure of the Nigerian banking system, conceptual issues, the rationale and objective; challenges and prospects of banking reforms in Nigeria. This paper concluded that the current reform was a provocative response to the preponderance of weak banks characterized by persistent illiquidity, insolvency, under capitalization, high level of non performing loans and weak corporate governance. Thus the paper suggested that as we continue to struggle with the challenges of the reforms, there is the need for all stakeholders to partner with the Central Bank of Nigeria (CBN) to ensure that the. institutions are safe, stronger and globally competitive to play developmental roles in the economy and reinforce the confidence of all stakeholders in the industry.Item Banking Sector Reforms in Nigeria(School of Management and Social Sciences, Babcock University, Ilisan-Remo, 2008) Abdullahi, Ibrahim BelloThis paper evaluates micro-finance policy as contained in, the Banking Sector Reforms in Nigeria. It is hoped that it would serve as a useful guide to the stakeholders, potential investors, students, and other relevant regulatory agencies charged with the task of achieving credible reforms, especially [he aspect of microfinance policy in Nigeria. The issues discussed relate to the background of microfinance, conceptual framework, policy's objective, targets and strategies, categories of microfinance bank and expected benefits of the policy. This paper concluded that in spite of the failures in the earlier microfinance programmes in Nigeria there are still sufficient supports for the potentials of microfinance Ln poverty' reduction, economic growth and development, if properly implemented. To make good the, economic development potentials of microfinance in Nigeria the following suggestions were made: adequate capitalization of microfinance, a simple and rational regulatory framework and the, elimination barriers and unnecessary requirements for obtaining micro-credits.Item Constraints of Informal Agricultural Financing in the Rural Economy of Kwara State, Nigeria(School of Management and Social Sciences, Babcock University, Ilisan-Remo, 2012) Lawal, W.A.; Abdullahi, Ibrahim BelloThe rural farmers who constitute a large percentage of food producers in Nigeria have problem of access, to financial resources from the formal financial institutions because of the institutions' stringent conditions and location. In effect, most of the rural farmers have to rely mainly on the informal financial institutions for funding. The objective of this study was to examine the constraints facing informal agricultural financing institutions in' the rural economy ofKwara State, Nigeria. The source of data for this study was mainly primary that was collected using structured questionnaire from sampled farmers who were participating in three informal financing schemes namely: (i) periodic savings; (ii) money lending; and (iii) rotating savings in the sampled nine Local Government Areas spread through the three senatorial districts of Kwara State, Nigeria. Employing a multi-stage random sampling method, a total of 1,350 farmers were selected for the study. The returned 1,249 copies of questionnaire were then processed using descriptive statistics. The findings indicated that the farmers patronized and used the three sources of finance and the constraints facing the institutions among the farmers varied across the three senatorial districts. While high interest rate was the most . severe constraint in the south senatorial district, lack of fund as a constraint of the institutions cut across the three senatorial districts. Based on the results, the study recommended that to reduce the high dependency on money lenders with their outrageous interest rates, attempt should be made to link the informal financial institutions with the microfinance banks in the rural areas to partner with them for, group savings and' group credit 'delivery at competitive interest rates.Item Determinants of Financial Deepening in Nigeria(Department of Accounting Kogi State University Anyigba, Kogi State Nigeria, 2013) Abdullahi, Ibrahim Bello; Etudaiye-Muhtar, O.F.; Abdulkadir, R.I.The purpose of this paper is to examine the determinants of financial deepening in Nigeria with a specific focus on how financial sector policies, real interest rate and the level of economic activity affect financial deepening. The study is carried out using the Bounds Test approach to determine the long- run and short-run relations hip between financial deepening, real output and financial sector policies employing time series data. A financial liberalization index is constructed to show the effect of financial liberalization on financial deepening. The study finds out that in the long run, both the level of economic activity and the real interest rate have a positive effect on financial deepening with only the real interest rate being significant. The financial liberalization index is seen to hove a negative and significant effect on financial deepening. The paper recommends the removal of interest rate controls and advocates for the effective implementation of financial sector policies in order to deepen the Nigerian Financial System.Item Effect of Capital Flight on Gross National Savings(Department of Accounting, Adamawa State University, 2016) Abdullahi, Ibrahim Bello; Ahmed, Tobi Adekunle; Olufunke, Oyeleye; Olugbenga, AdetolaCapital flight has been one of the perturbing, unresolved and persistent macroeconomic problems plaguing for the past four decades. The problem is more acute in a country like Nigeria where gross national savings have been severely affected. The aim of this study is to investigate the effect of capital flight on gross national savings in Nigeria from 1985 to 2014. In analyzing the impact of capital flight on gross national savings in Nigeria using time series data obtained from CBN statistical bulletin (2014) and international monetary fund, Ordinary Least Square (OLS), units root test, Johansen Co-integration Test and Vector Error Correction Model (VECM) were used to analyse the data. Essentially, the result indicates that capital flight has negative and significant impact on gross national savings in Nigeria.Item Effectiveness of microfinance institutions at enhancing the growth of small and medium scale enterprises in Ilorin, Kwara State(Department of Accounting, University of Ilorin, Ilorin, 2015) Abu-Kasum, Hamidat Adebisi; Abdullahi, Ibrahim Bello; Kasum, Abubakar SadiqThis study evaluates the effectiveness of micro finance institutions in the growth of small and medium enterprises in Ilorin metropolis of Kwara State. The study employed stratified sampling technique to select the respondents based on business type. The sampling frame (of) for this study is eighteen SMEs and ten Microfinance Institutions. Structured Open ended questions were used to obtain primary data. Ordered probit regression analysis was used to analyse responses on core issues as specified in the model. Results revealed a positive relationship between microfinance banks effectiveness, loan assessment and loan monitoring on the development of small and medium scale businesses, while there is a negative relationship between loan repayment and collateral security on the growth of small and medium businesses.Item Effects of Corporate Governance Structure on Financial Performance of Quoted Deposit Money Banks in Nigeria(University of Ilorin Library and Publications Committee, 2016) Abdullahi, Ibrahim Bello; Nafiu, A.I.The Nigerian banking sector has witnessed dramatic growth post-consolidation. Governance weaknesses in these banks have created problems across the sector and the economy as a whole. To a large extent, this problem was the result of poor governance in the country's banking institutions and industrial groups. This study examined the effect of corporate governance on the financial performance of quoted DMBs in Nigeria. The study employed secondary data obtained from NSE fact books (audited reports of selected bariks between 2007 and 2014) and analysed with panel data using both fixed and random effect models. The outcome of the study showed that board size has a negative relationship with performance of DMBs and corporate governance disclosure index has a positive effect on performance of DMBs in Nigeria. The study concludes that board size and corporate governance disclosures exert significant influence on performance of DMBs in Nigeria. The study therefore recommends among others that (i) DMBs and their regulators (CBN and NDIC) must ensure the numbers of people sitting on its board are within the range prescribed to avoid the negative effect of a large board size; (ii) regulators must ensure that operators comply with relevant codes of corporate governance as it relates to disclosures; and (iii) management should organise trainings for directors, managers and other key staff members to equip them with necessary knowledge and skills of corporate governance.Item The Effects of Film Size on Risk and Return in the Nigerian Stock Market(Department of Business Administration, Ibrahim Badamasi Babangida University, Lapai, Niger State, 2011) Abdullahi, Ibrahim Bello; Lawal, W.A.; Etudaiye-Muhtar, O.F.Capital Market theory is concerned with the equilibrium relationship between risk and expected return on risky assets. Within this framework, this paper seeks to empirically examine the effect of sectoral size (sectoral capitalization) on risk and expected return for the period of 2000-2004 as monthly. This study employed multi-factor model (Arbitrage Pricing Theory) in analysing the effects of sectoral size all. the risks and returns, using Ordinary Least Square (OLS) estimation procedure. 771is study revealed that the size of firm or sector has no significant effect on either firm or sectoral return or risk ill the Nigerian Stock Market. The results are broadly consistent with similar studies for most developed and emerging economies (see: Funga and Leug 2000; Fernald and Rogers 2002; Barry 2002; Fan, Lu & Wang 2009; and Abdullahi 201I).Item The Effects of Firm Size on Risk and Return in the Nigerian Stock Market: A Sectoral Analysis(2011) Abdullahi, Ibrahim Bello; Lawal, Wahab A; Etudaiye-Muhtar, Oyebola FatimaItem The Effects of Unstable Macroeconomic Indicators on Stock Price Behaviour of Banking Sector in the Nigerian Stock Market(Bina Nusantara University, Indonesia, 2020) Abdullahi, Ibrahim BelloThe research aimed to investigate the stock price behavior of banking sector in response to unstable macroeconomic variables in the Nigerian stock market. The research employed ex-post facto research design, and the data were subjected to Autoregressive Distributed Lag method of analysis to examine both the short and long run of the studied variables between 2009 and 2018. The findings reveal significant negative effects of interest rate and foreign reserves on the stock price behavior of the banking sector in the long run. Meanwhile, the inflation rate has a significant positive influence on stock price behavior. Then, the exchange rate is not statistically significant in influencing stock price behavior in the Nigerian stock market. It can be concluded that the stock price behavior of banking sector is influenced by foreign external reserve, interest rate, and inflation rate. It is recommended that the monetary policy rate should be reduced to decrease the cost of borrowing and enhance liquidity level in the stock market.Item Electronic Payment System and Bank Customers' Satisfaction in Ilorin Metropolis of Kwara State(Department of Banking and Finance, Nasarawa State University, 2015) Abdullahi, Ibrahim Bello; Ademokoya, A.A.The e-payment system adopted in the Nigerian financial system is expected to address the challenges inherent in the manual settlement and payment system. Despite the series of technological innovation of the e-payment facilities, cash usage still represented over 99 percent of the total transactions as at December, 2012 as posited by the CBN in 2013. This study therefore examined the electronic payment system and bank customers' satisfaction in the florin metropolis of Kwara State. Primary data was obtained through the questionnaire for this study. Data obtained were subjected to dprobit, probit and logit regressions, using the Statistical Tool for Analysis (STATA 11.0). The major outcome of this study showed that Electronic Payment System has significant impact on customers' satisfaction, though with attendant challenges. The study therefore, recommends that; (i) the Central Bank of Nigeria should put in place all e-transact policy to encourage more customers to adopt the use of the e-platform; and (ii) the government should put in place enabling infrastructures, especially stable power supply. If the above recommendations are fully implemented, more users are likely to adopt the technology in carrying out their transactions, which will in-turn have positive effect on the Nigerian financial systemItem An Empirical Analysis of Effects of Foreign Direct Investment, Exchange Rate and Energy Infrastructure on Domestic Investment in Nigeria(Paragon International University, Cambodia, 2018) Ahmed, O. Adekunle; Abdullahi, Ibrahim Bello; Adedeji, D. Gbadebo; Segun, K. FakunmojuDomestic investment is significant component of economic activities affecting Nigeria» economy 1'01' decades. Sequel to this, this paper examines the effect of Foreign Direct Investment (FD'). exchange rate and energy infrastructure on domestic investment in Nigeria. Time series data obtained from Central Bank of Nigeria (CBN) Statistical Bulletin ancl World Development lndicator were employed using Autoregressive Distributive Lag (ARDL) Model. Empirical findings show that FDI has positive and significant effect on domestic investment while exchange rate and energy infrastructure have positive effect on domestic investment but non significant. The policy implications of this finding is that government should adopt more stringent supervision on exchange rate, and policy to regulate execution of energy infrastructure project; and more funds needed to emancipate energy infrastructure in order to obtain desired level of domestic investment in Nigeria.Item An Empirical Estimation of Average Return on Equity Investment in the Nigerian Stock Market(Faculty of Social Sciences, Kogi State University, Anyigba, Nigeria, 2012) Abdullahi, Ibrahim BelloThis study empirically estimates average return in the Nigerian Stock Market for the period of 2006-2010 using weekly data. The objective of the study is to determine the average obtainable return on equity investment in the Nigerian Stock Market. This study employed return model to estimate, the quoted firms' returns on their shares.Item Evaluating the Causality Effect of Exchange Rate and Nigeria Balance of Payment(College of Management and Social Sciences, Fountain University, Osogbo, Nigeria, 2017) Abdullahi, Ibrahim Bello; Fakunmoju, S.K.; Abubarkar, M.A.; Giwa, K.O.A country's exchange rate and balance of payment are usually regarded as one of the indicator by which a nation's strength can be measured especially its economic strength. Exchange rate plays a major role in international trade because no nation can remain in autarky due to varying factor endowments. Nigerian economy experienced chronic deficit on the balance of payment account, fall in the price ofNaira and gross domestic product growth rate due to over-dependency on imported products, reliance of revenues from oil exports, massive imports of refined petroleum, and other related products. The study evaluates the causality effect of foreign exchange rate and Nigeria balance of payment between the periods of 1970 and 2015. The data obtained were subjected to VECM Granger Causality method of analysis. The results revealed that exchange rate and balance of payment granger cause each other at 5 level of significance. The study recommended that there should be a restriction on trade openness of goods or services that can be produced locally and diversification of Nigerian economy by the economy managers. The study concluded that there is high propensity for Nigerian economy to achieve favourable balance of payment, if the above recommendations are implemented.Item An Evaluation of Factors Determining Earnings Management in Nigeria(Amity International Business School, 2017) Abdullahi, Ibrahim Bello; Ibrahim, S.O.Earnings management has been a source of concern to tile relevant stakeholders in financial reporting in tile recent time. Consequences of the practice range from loss of investments to total collapse of the affected firms and ultimately, loss of jobs. Hence, tile main objective of this study is to evaluate factors determining earnings management in Nigeria. Specifically, the study assesses tile impact of capital market reform on tile earnings management and examines how: firm's size; institutional shareholding; board size; independence of the board of directors; and auditors' independence, influence earnings management drive of the managers. The study employed secondary data that covered the period between 2009 and 2013. The data obtained were subjected to panel estimated generalised least square method of regression analysis. The study revealed that firm size, board size, independence of tile board; exert significant influence at 5 level of significance on managers' drive to engage in earnings management. The study therefore recommends among others that The Nigerian Security and Exchange Commission should as a matter of policy direct every listed firm to have a stated minimum number of independent directors on its board of directors; and concludes that such measure reduce earnings manipulation in Nigeria.Item Financial Inclusion and Small and Medium Enterprises Contribution to Sustainable Economic Growth in Nigeria(University of Pennsylvania, Clarion, 2017) Abdullahi, Ibrahim Bello; Fakunmoju, Segun KamoruInclusive financial arrangement is becoming a global economies policy as it has been perceived as a strategic tool for poverty alleviation and improvement of Small and Medium Enterprises (SMEs) output to economic growth sustainability. Financial exclusion of SMEs investors had led to high level of SMEs failure and poverty in Nigeria. This study examines the effect of financial inclusion on SMEs contribution to sustainable economic growth between 1970 and 2015. The data were subjected to Ordinary Least Squares technique. The study revealed that financial inclusions have positive effect but do not significantly affect sustainable economic growth at 5. The study concludes that there is high propensity for SMEs output to boost sustainable growth if all the financial inclusion indicators are well put in place by the monetary authorities. It was recommended that sustainable growth and development can be achieved in Nigeria if SMEs operators have access to loans facilities.Item Financial Inclusion and Small and Medium Enterprises Performance in Nigeria(Department of Finance, University of Ilorin, 2017) Abdullahi, Ibrahim Bello; Fakunmoju, S.K.Inclusive financial arrangement is becoming a global economies policy as it has been perceived as measure for improveJ1lellt ill Small and Medium. Enterprises (SMEs) output performance. Financial exclusion of SMEs investors had led to fall in SMEs output rate and continuous collapsed of SMEs. This study examines the effect of financial inclusion Oil SMEs performance in Nigeria. Data were subjected to Ordinary Least Squares technique. The results revealed that bank branches and money supply to circulation have positive and significantly affect SMEs performance while bank lending rate, bank liquidity ratio and loan to SMEs investors have positive but insignificant at 5 level of signijical1ce. The study concludes that there is high propensity for SM Es output growth rate to increase of' all the financial inclusion policies are well implemented by the Nigeria monetary authorities. The study therefore recommends that Nigeria government should put in place appropriate financial inclusion policies that enable SMEs easy access to loan facilities at reduce cost and government should stand as a grantor to the facility.