Browsing by Author "Obadeyi, J.A"
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Item Analyzing the Impact of Microfinance Banks Credit Variables on Micro, Small Enterprises Growth Indicators in South-West, Nigeria(IISTE : Research Journal of Finance and Accounting, 2020-06) Obadeyi, J.A; Ogbeide, Sunday; Adesuyi, I.ODespite several reforms both in the banking and informal sectors; it is sad that there have been dwindling development in both sectors. In view of this, this study analyzed the impact of Microfinance Banks (MFBs) credit variables on Micro Small Enterprises (MSEs) growth indicators in South-West, Nigeria. Sampled MFBs, MSEs and some South-West States were purposively selected. Secondary data was extracted from financial statements of eight selected MFBs from 2007-2016 (10years). Relationship between MFBs variables and MSEs’ growth was analyzed using Correlation matrix, while extent at which MFBs variables influenced MSEs growth was analyzed using panel regression. Results showed the relationship between MFBs credit variables and MSEs’ growth with an average ‘r’ at 68.56% (p<0.05); and the extent at which MFBs credit variables influenced MSEs growth (p<0.05) such as profit, total asset, number of employee growth and sales with R2 were 61.4%, 58.3%, 48.1% and 52.1%, respectively. The study concluded that MFBs credit variables influenced MSEs growth. It was recommended that MFBs should moderately increase loan size in order to improve MSEs’ business operations.Item Barriers of Microfinance Banks’ Credit Delivery to Small Enterprises: An Empirical Analysis from South-Western Nigeria(The Romanian Economic Journal, 2020-12) Obadeyi, J.A; Ogbeide, S.O.; Akande, Adesola A.This study empirically investigated the barriers of Microfinance banks’ credit delivery to small enterprises in Nigeria. The areas of study were Lagos and Ogun States. The population of the study was made up of all the Microfinance banks in Lagos and Ogun States in the South –Western Nigeria. A sample of eight (8) microfinance banks were chosen; with five (5) from Lagos State and three (3) from Ogun State using the purposive sampling method. The choice of the sample size was predicated on ability of the researchers to access financial statements of the selected microfinance banks in the two selected states in the South – Western, Nigeria. Primary data was used through a structured questionnaire. Total of forty (40) questionnaires were administered to the respondents, consisting of MFBs staff – branch managers, operation managers, risk managers, and credit officers who examined and administered credit applications from small enterprises’ owners on behalf of bank management on a one-on-one basis. Mean ranking and factor analysis were used to analyze the data. Findings revealed economic recession as major barrier confronting MFBs in credit delivery to small enterprise owners. The study concluded that despite the roles of MFBs to provide loans and other financial services to small enterprises operators, the sector was faced with different barriers thereby limiting their financial performance. The study recommended that Central Bank of Nigeria (CBN) should adopt a holistic approach on how barriers confronting MFBs would be drastically reduced, controlled and managed to improve MFBs operations.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.