Browsing by Author "OLANIYAN, Temitayo O"
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Item Determinants of Gross Domestic Savings in Nigeria(Department of Accountancy, Faculty of Management Sciences , Enugu State University of Science & Technology, 2020) ABDULMUMIN, Biliqees A; OLANIYAN, Temitayo O; BAMIGBADE, DayoWe examine the long-run and short-run determinants of gross domestic savings in Nigeria over the period 1987 to 2019. The importance of macro-financial characteristics in determining the level of domestic savings. The study employed the ARDL cointegration procedure in the estimation and it confirms the presence of a long-run cointegrating relationship between domestic savings and its determinants. The results show that remittances and financial development are significant financial determinants of gross domestic saving in Nigeria. Other determinants are the growth of real per capita income, age dependency ratio, fiscal deficit, and deposit interest rate. Therefore, these important determinants of saving accumulation in Nigeria should not be ignored by policymakers in formulating capital accumulation policies. This study recommends that the need for government policies aimed at leveraging cash flows to facilitate capital accumulation savings and investment. Moreso, the interest rate policy should take market conditions and public requirements into consideration when determining interest rates. Furthermore, there is the need to create a conducive environment for receiving remittances by promoting financial development.Item FINANCIAL LITRACY AND GAMBLING BEHAVIOUR IN NIGERIA(Department of Accounting, Faculty of Management Sciences , University of Ilorin, Ilorin. Nigeria., 2020) ABDULMUMIN, Biliqees A.; OLANIYAN, Temitayo O; SALMAN, Ramat T.; YUNUS, Abdulrasheed B.The study investigates the influence of financial literacy on gambling behaviour among the Nigerian populace. Easy access to gambling outlets and an increase in the number of online gambling sites have caused gambling among the Nigerian population to rise significantly. We assume that it is less likely that financially literate individuals who use their knowledge to make sound financial and investment decisions will gamble. The study adopts the survey research design and employed a sample of 1448 respondents whose responses were obtained through questionnaire. The finding from the Probit regression model shows that the relationship between literacy and financial gambling frequency is significantly negative. We, therefore, recommend the need to promote financial literacy within the community, both at the school level and for adults. This will help gamblers to understand the financial risks they are exposed to and the options available to them. Financial institutions should establish appropriate processes for the disclosure of gambling problems and strategies to detect potentially risky transactions. The behavioural finance theorists identified the role of banks regarding how customers use their money such that banks may compensate for bias in decision- making, which is fundamental to problem gambling.