Browsing by Author "Obadeyi, J. A"

Now showing 1 - 3 of 3
  • Thumbnail Image
    Item
    Can Tradermoni Scheme Incentives Stimulate Small Business Sector? Empirical Approach of Oja-Oba ‘T’ Dada Market Beneficiaries
    (Management, 2021-01) Adamolekun, Wole; Obadeyi, J. A; Ogbeide, S. O.; Akande, A. A.
    This study examined the extent of contribution of tradermoni scheme incentives to invigorate small business sector, with empirical approach of Oja-Oba ‘T’ Dada market beneficiaries. Government introduced an empowerment scheme only for petty and small traders to mitigate poverty and improve small businesses. The area of study was Oja-Oba ‘T’ Dada Market, Ota (otherwise known as Oja-Ota) in Ogun State, Nigeria. A survey research was conducted. The population consisted of petty and small traders who have benefited from tradermoni scheme and were purposively selected. Primary source of data was adopted via a structured questionnaire and interview. Fifty (50) questionnaires were administered to the respondents, and forty-five (45) copies were correctly filled and returned on schedule giving a 90% response rate. The respondents consisted of petty and small businesses owners. The data was analysed by descriptive and inference statistical (Analysis of Variance) techniques. The formulated hypothesis was further tested using t-test via the assistance of Statistical Package for Social Sciences version 21.0. Findings revealed that tradermoni scheme incentives invigorated the beneficiaries businesses at a very slow pace and might take an average of 12 days for small business to realize any benefit(s). The result 2.86 (p<0.05) was statistically significant. The study concluded that empowerment scheme was timely, but on the field, thousands of traders have not benefited as claimed arguably due to ineffective and inefficient channels of communication adopted by government agencies in charge of the scheme. Also the loan amount allocated for the initial phase was too small considering the effect of inflation on the naira. We recommended that government ministries, departments and agencies in charge of the scheme should provide financial report on the amount spent so far, numbers of beneficiaries per state, adopt communication channels targeted to low-income earners, and review policy framework to strengthen the scheme in order to meet its primary objectives now and in the nearest future.
  • Thumbnail Image
    Item
    The Effect of Financial Reforms on Banking Performance in an Emerging Market: Nigerian Experience
    (Research Journal of Finance and Accounting, 2014) Obadeyi, J. A
    The paper examines effect of financial reforms on banking performance in emerging market: Nigerian experience. The study covers between 1992 and 2011, because the last reform in banking sub-sector was in 2005 during Prof. Charles Soludo as CBN governor (Pre-Lamido era). Automated Statistical Package Technique (ASPT) was used to analyze the model and Ordinary Least Square method was adopted to analyze existing relationship of variables and their behaviors. The study reveals that the effect of financial reform on banking performance is mixed. It was discovered that financial reform is not a causal factor for effective banking performance and development; but there is need for strong capital account policy to regulate short- term capital flow and exchange rate volatility. In addition, the Central Bank of Nigeria (CBN) should ensure the stabilization of financial markets and banks in order to control and manage risk aversion among domestic and foreign investors in the economy. The paper further recommends non-stopping reforms in the financial sector so as to serve as check and balances, which would be used to manage and control economic distortion’s trend in the financial sector. Moreover, policymakers such as Monetary Policy Committee (MPC); regulatory government ministries, departments and agencies (MDAs) such as Ministry of Finance, CBN, Nigerian Deposit Insurance Corporation (NDIC), etc. should adopt economic policies that could strengthen and promote allocation of efficient resources to achieve efficient bank performance in Nigeria
  • Thumbnail Image
    Item
    Microfinance Banking and Development of Small Business in Emerging Economy: Nigerian Approach
    (IOSR Journal of Economics and Finance (IOSR-JEF), 2015-04) Obadeyi, J. A
    The research study examines the Microfinance Banking and Development of Small Business in emerging economy: Nigerian Approach. The Microfinance Banks (MFBs) serve as an engine through which economic industrial development subsists in Nigeria. MFBs have been involved in the promotion, growth and development of the informal sector and remains heralded strategy for industrial development in emerging economies including Nigeria. The primary source of data was adopted via questionnaire and oral interview. A simple regression was used to address the responses of the respondents gathered though the questionnaire in order to derive logical conclusion for the study. It was however established that MFBs have the capacity to boost economic development in Nigeria through the support of government agency (CBN) to keep them tracked and to be focused on the objectives for which they were established. Also, the reviewing and refining of the National Microfinance development Strategy Policy for MFBs in Nigeria is remarkable and commendable. The paper further recommends that MFBs’ operations should be continuously be monitored by the regulatory agency (CBN) in order to adequately address the gap in terms of credit, savings and other financial services required by the micro entrepreneurs. The latent capacity of the poor for entrepreneurship would be significantly enhanced through the provision of microfinance services to enable them engage in economic activities and be more self-reliant, increase employment opportunities, enhanced household income,create wealth etc.