Browsing by Author "Adesuyi, I. O."
Now showing 1 - 3 of 3
Results Per Page
Sort Options
Item Evaluating Microfinance Banks’ Capacity to Purvey Credits to Micro and Small Enterprises (MSEs) in South-West, Nigeria: Adopting Financial Ratio Technique(IISTE : European Journal of Business and Management, 2018) Obadeyi, J. A.; Oladejo, Moruf O.,; Adesuyi, I. O.Despite the review of Microfinance Banks (MFBs) regulatory and supervisory policy framework in the banking sub-sector in Nigeria, microfinance banks (MFBs) have not satisfied the intended purpose(s) for which it was created in 2005; such as provision of income, creation of employment opportunities and reduction of poverty among unbanked segment of the economy. This has further led to the premature death and untimely liquidation of micro and small businesses because many micro and small business owners found it difficult to access credits from MFBs. This problem has remained a major concern for stakeholders. In view of this, this paper intended to evaluate microfinance banks’ capacity to provide credits to Micro and Small Enterprises (MSEs) in South-West, Nigeria; using financial ratio technique for a period of ten (10) years (2007 – 2016). The study used secondary data that was collected via the financial statements of eight (8) microfinance banks in Lagos–West Senatorial District (5 MFBs) and Ogun Central Senatorial District (3 MFBs). The MFBs were selected through purposive sampling. Data gathered was analyzed via the use of Capital Adequacy Ratio (CAR). Findings showed mixed results as CAR values varied among the selected MFBs. The MFB with the highest CAR was valued at 203% while the lowest CAR valued at 21.2%. CAR benchmark set by Central Bank of Nigeria (CBN) for MFBs was 10%. This explained that the MFBs under consideration were financially strong to provide credits to MSEs’ operators. However, the paper recommended that MFBs should have access to Microfinance Development Funds (MDFs) to further strengthen their liquidity capacity in order to purvey more credits to micro and small entrepreneurs and regulatory authorities should review the current microfinance regulatory framework on a regular basis with global standard.Item Examining the Impact of Micro-Credits Financing on Small Scale Enterprises’ (SSEs) Survival in an Emerging Market, Nigeria.(Archives of Business Research, 2019-05-25) Obadeyi, J.A.; Adesuyi, I. O.; Olubodun, I. E.There were tens of thousands of small scale enterprises (SSEs) operating within business environment in Nigeria, but continuous under-development, inability to access loanable funds, lack of innovation and weak capital base have characterized the informal market and chances of survival have become doubtful and bleak. To this extent, the study examined the impact of micro-credits financing on SSEs’ survival in an emerging market, Nigeria. Primary source of data was through questionnaire. A regression method - simple Ordinary Least Square (OLS) method was adopted to analyze the responses gathered through the research instrument. The result showed that R2 = 0.846, which explained the variations in SSEs survival by micro-credit behavioral funding pattern of micro-banks; while overall result was statistically significant (p˂0.05). The paper concluded that SSEs were often used as indices to measure the level of industrialization. The paper however recommended that policymakers and other stakeholders sx hould consistently review policies guiding the establishment and operations of informal market in order to achieve the expected target of sustainability.Item Factors Influencing Financial Institutions’ Participation in Tourism Project: Case of Lagos Street Carnival.(Advances in Social Sciences Research Journal, 2019-07-25) Obadeyi, J.A; Adesuyi, I. O.; Okhiria, A.O.; Abutu, G.N.Tourism market is one of the vibrant non-financial sectors in Nigeria, which is challenged by non-availability of financial resources from the banking sector - one of the components of the financial system. To this extent, this paper helps to examine factors that influence financial institutions’ participation in tourism project; case of Lagos street carnival. For financial institutions to participate successfully in tourism project, it requires financial support from financial institutions (banks) to showcase, promote, uplift and to financially-support the nourished culture, norms and values the people cherish; and to ensure that the beliefs of the people are not eroded by foreign culture and above all, to stimulate the economy. The primary source of data is adopted via structured questionnaire. Statistically, the estimated parameter are mean, standard deviation, and standard error (ẟ√N). The responses of the respondents gathered via the questionnaire was analysed using the Statistical Package for Social Sciences (SPSS). The result shows that 56.1% of the variation of factors influencing financial institutions participation in tourism, particularly Lagos street carnival; with most of social -people participating in different tourism –related festivals (e.g. eyo, igunuko etc.), which has led to the sustainability and promotion of the societal belief. F-Statistics (4.56) is high and the (P<0.05) which all together indicates that overall impact of the independent variables on the dependent variable is statistically significant Also financial institutions’ participation has helped to provide funds to further create awareness about the traditions, beliefs and values of Lagos indigenes, who are otherwise known as Lagosians. The study recommends that policymakers should invest immensely in tourism industry in order to enrich the socio-economic and geographical life patterns of the people in the coast area via the support of financial institutions by way of channelling funds to the tourism sub-sector in order to prevent cultural extinction. Also, government should establish institutions (ministries, departments and agencies) to strengthen and defend acquired tourism trade rights in Nigeria.