Browsing by Author "Lawal, W.A."

Now showing 1 - 4 of 4
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    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 Bello
    The 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.
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    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).
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    Microfinance and Mortgage Financing in Nigeria
    (Indian Institute of Economics, 2014-09) Ijaiya, M.A.; Lawal, W.A.; Olubunmi Florence, Osemene
    Housing sector plays a critical role in a country's welfare than is always recognized, because it directly affects not only the wellbeing of the citizenry but also the performance of other sectors of the economy. However the bulk of the housing finance comes from commercial finance and institution. Using a multiple regression analysis, this paper examines the impact of informal microfinance on mortgage financing in rural Nigeria...
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    Pattern of Informal Financial Institutions' Patronage by Rural Farmers in Kwara State, Nigeria
    (Department of Business Administration, Ibrahim Badamasi Babangida University, Lapai, Niger State, 2011) Lawal, W.A.; Abdullahi, Ibrahim Bello
    The 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 indentify the nature and extent of patronage of informal agricultural financing institutions in the rural economy of Kwara 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 with periodic savings (595) and rotating savings (421) being the widely patronized. The least patronized was money lender by 60 respondents. Based on the results, the study recommended that the rotating loans should serve as an impetus to agricultural financing among the farmers in the rural areas with the improvement on the other informal financing sources, the periodic savings. with a view to increasing the membership drive of all the informal institutions.