Browsing by Author "Sakariyahu, Ola Rilwan"
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Item An Assessment of the Post Consolidation Performance of the Nigerian Banking Sector(Ilorin Journal of Business and Social Sciences, 2014-10) Sakariyahu, Ola Rilwan; Jimoh, Abdulrazaq Taiye; Bamigbade, DayoIn 2005, the Central Bank of Nigeria (CBN) raised the minimum capital requirement of commercial banks in Nigeria to N25 billion in the bid to strengthen the country's financial system and insulate licensed banks from financial distress, amongst several potential benefits. This study examined how the post consolidation banks have reacted to the 2005 exercise. It specifically assessed whether there is significant difference in how the Return on Assets (ROA) and Return on Equity (ROE) of the post consolidation banks have reacted to the exercise. Secondary data was collected form published annual reports and accounts of five (5) first-tier banks from 2006-2013 (post consolidation period). Descriptive statistics and one-way Analysis of Variance (ANOVA) were employed for data analysis using the Statistical Package for Social Sciences (SPSS) Version 21.0. It was found that there is no statistically significant difference in how the ROA of the post consolidation banks have reacted to the exercise. However, a statistical significant difference exists in the ROE. To this end, it is concluded that not only is the stability of the banking sector of the economy guaranteed through the recapitalization exercise, the post consolidation banks have benefited from the exercise is similar fashion.Item Effect of Monetary Policy Instruments on the Performance of Nigeria's Financial Market(Department of Finance,University of Ilorin,Ilorin., 2017-12) Sakariyahu, Ola Rilwan; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaA significant tool for economic management is the monetary policy. The monetary policy of any nation is a combination of packages channeled towards achieving certain macroeconomic objectives.These objectives include economic growth,full employment,price stability and favourable balance of payment.The achievement of these objectives however depends on the strength and depth of the nation's financial market.This study examines the effect of monetary policy of the Nigerian government on its financial market.Secondary data between 1981 and 2016 were used and the dependent variables adopted are all share index(ASI) and credit to private sector(CPS),both standing as a proxy for money and capital markets respectively while the independent variables used are monetary policy rate(MPR),broad money supply(M2) and liquidity rate;the trio representing monetary policy instruments.The findings of the study show that monetary policy instruments of the Nigerian government have varying degrees of impact on the performances of both the money and capital markets.Based on the the findings,the study recommends that government through the regulatory authorities should cautiously avoid discretionary policies that might affect lending rate;otherwise investors' apathy would mar the developmental strides already witnessed within the market.Item Microcredit Scheme and Millennium Development Target of Poverty Eradication in Nigeria: A case of Ilorin Metropolis(Department of Economics and Development Studies, Federal University,Otuoke,Bayelsa State, 2016-06) Sakariyahu, Ola Rilwan; Ibrahim, Wasiu Oluwatoyin; Abdulmumin, Biliqees AyoolaThis study examines the role of microfinance banks in the attainment of the Millennium Development Goal target of poverty eradication in Nigeria.Other specific objectives of the study include assessment of the impact of microfinance banks in the mobilization and disbursement of funds among the poor;examining the role of microfinance banks in improving the standard of living of the poor and an assessment of the roles of microfinance banks in promoting the financial success of their customers.The study purposely sampled three microfinance banks in Ilorin metropolis,Kwara State.A total of ninety copies of questionnaires were administered on both staff and customers of the three sampled microfinance banks and upon completion,only sixty were found to be worthy of use.The inferential statistics used for the data analysis was the Kruskal-Wallis test.From the hypotheses tested, it was revealed that microfinance banks have been instruments for mobilization and disbursement of funds among the poor.However, MFBs have not improved the standard of living of their customers and they have not contributed to the financial success of their customers.Based on the results of this research work,it was concluded that MFBs have not significantly contributed to the attainment of the MDG target of poverty reduction in Ilorin metropolis.The study therefore recommends that the Central Bank of Nigeria strictly monitor the disbursement of funds by the MFBs to ensure they are granted to deserving low income earners and the rural poor.Also, the CBN must consider fixing low Monetary Policy Rate for the MFBs separate from the conventional commercial banks.This will allow MFBs grant credit to their customers at a very low interest rate.Item Sales force remuneration schemes and SME operational performance: a case study of Gibson Nigeria enterprises.(Department of Accounting, University of Ilorin, 2014) Bamigbade, Dayo; Jimoh, Abdulrazaq Taiye; Sakariyahu, Ola RilwanThe role of the sales force in achieving a desirable sales volume is a key factor in attaining planned activity levels and by implication, expected operational performance of an entity. This study examined the effect of the use of fixed (salary) and variable (commission) remuneration schemes for the sales force of a Small and Medium Scale (SME) on the profitability of the entity. A significant difference was found at 5% level of significance between the operational performance of the enterprise when fixed remuneration scheme (FRS) was deployed and when a variable remuneration scheme (VRS) was used by the enterprise; with the VRS generating higher performance level. It is thus recommended that SMEs should consider the VRS for their sales force especially when a fixed remuneration for the sales force will constitute a huge portion of fixed costs of operation for the enterprise.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.