Browsing by Author "Olatunji, Abdulganiy"
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Item Functional National Insecurity: A Panacea for Attaining Sustainable Development in Nigeria(Department of Sociology, College of Business and Social Sciences, Covenant University, 2014) Issah, Moshood; Olatunji, Abdulganiy; Yusuf, Mohammed SanusiScholarly literature on industrialisation views it as the catalyst for attaining sustainable socio-economic development for many nations, especially in the 21st century. Specifically, government officials and policy makers in Nigeria, like in many other countries, see industrialisation as providing the basic means of overcoming their socioeconomic retardation. However, the Nigerian state is going through a period of unprecedented security challenges which are unabatedly truncating efforts towards the attainment of sustainable industrial development. Kidnapping and hostage-taking in the South-South and Southeast which has now spread everywhere; the NURTW crisis in the Southwest and the Boko Haram insurgency in Northern Nigeria have inextricably created new challenges in the National security. All these are taking place against the background of security personnel to effectively handle the current spate of insecurity. This chapter seeks to explore the nexus between national security and sustainable industrial development in Nigeria.Item Unemployment Menace and the Fallacy of Microcredit Policy in Nigeria(Open University of Tanzania, 2016) Abdullahi, Ibrahim Bello; Sakariyahu, Ola Rilwan; Olatunji, AbdulganiyThis study examined the issue of unemployment and the impact of microfinance banks' credit facilities on its reduction for the period of 22 years between 1992 and 2014. The study employed secondary data obtained from Central Bank of Nigeria and National Bureau of Statistics. The data obtained was subjected to stationarity and cointegration tests with the use of Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) tests. Furthermore, ordinary least square regression was employed in analyzing the relationship between the dependent variable (unemployment rate) and the independent variables (microfinance banks' credit facilities, gross domestic product, interest rate and inflation). The outcomes of the study show that three independent variables (microfinance banks' credit facilities, interest rate and inflation) at 5 alpha level have significant impact on unemployment while gross domestic product was found not to have any significant impact on unemployment. The study concludes that credit facilities provided by microfinance banks do not actually go to deserving individuals or borrowers, thus, having no impact on reducing the menace of unemployment in the country. The study therefore recommends that the Central Bank of Nigeria re-evaluate the performances of the operating microfinance banks in order to ascertain the proportion of their loan portfolio that actually goes to the "unemployed but creative youths". In addition, the CBN must as a matter of urgency take necessary action in ensuring that loans granted by microfinance banks are serviced at a single digit interest rate as applied in countries like Kenya and Bangladesh. This is because employment generation and overall economic development can only be achieved when entrepreneurial youths can access credit facilities at affordable interest rate.