Browsing by Author "Ibrahim, Rahji"

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    EFFECTS OF FINANCIAL INCLUSION ON PER CAPITAL INCOME IN NIGERIA
    (Faculty of Management Sciences, University of Ilorin, 2020-06) Kolawole, Kayode; Ajayi, Olu; Mustapha, Abdulkadri; Ibrahim, Rahji
    Financial accessibility is an important strategy used for stimulating economic growth and efficiently allocate financial resources for productivity. Yet, Nigerians do not have adequate access to formal finance and are forced to rely on risky and expensive informal services thereby limiting their contribution to economic growth. Hence, the need to examine the effects of financial inclusion on per capital income in Nigeria. In line with this objective, the study employed time series data covering the period of 1987 to 2019. The method of data analysis used in the study was Autoregressive Distributed Lag Model. The study revealed that financial inclusion has significant impact on per capital income in Nigeria at 1% significance level with coefficient value of 6.528999. The study also revealed that interest rates negatively impact on per capital income in Nigeria at 1% significance level with coefficient value of -4.035544. The study concluded that financial inclusion is a significant determinant of per capital income in Nigeria. The study recommends that management of banks should managed interest rates in such a way that will encourage the usage of financial services.
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    IMPACT OF CAPITAL STRUCTURE ON PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
    (2021-12) Kolawole, Kayode; Ibrahim, Rahji; Abdulmunin, Biliqees; Ibrahim, Wasiu
    The appropriate financing mix is an important decision which influences the survival of any financial institution. Hence, the need to examine the capital structure and performance of Nigerian banks. Secondary data was sourced from annual reports of thirteen banks in Nigeria covering 2011 to 2020. Panel least square analysis was used to analyzed the data obtained for the study. The findings showed that debt is a significant determinant of performance with coefficient values of 6.102075 at 5% significance level. The study further revealed that equity has a positive relationship with performance of Nigerian deposit money banks with coefficient values of 2.097716 at 1% significance level. Thus, the study concludes that capital structure has significant impact on performance of deposit money banks in Nigeria. Deposit money banks in Nigeria should try to finance from retained earnings and other forms of equity financing rather than relying heavily on debt capital as debt has negative impact on shareholders’ wealth maximization.