Browsing by Author "Obadeyi, James A."
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Item The Impact Of Deposit Money Banks (DMBs) On The Survival Of Mıcro Scale Enterprises (Caterıng And Outdoor Servıces) in Nıgeria(International Journal of Educational Research and Technology, 2015-06) Obadeyi, James A.; Okhiria, Adebimpe O.The study focused on the impact of Deposit Money Banks (DMBs) on the survival of micro scale enterprises (outdoor catering services) in Nigeria. It would be difficult to discuss outdoor catering services without considering the pivot that assists its operations; the fulcrum of its operation is the informal sector of the economy. It is however obvious that catering is a good example of micro scale entrepreneurial business that supports the development of the nation’s national growth. The economy of any nation depends on the contributions of all sectors particularly the micro scale enterprises (MSEs). The important role of MSEs in the national economy cannot be over emphasized given their enormous role in the transformation of rural economy. Primary source of data i.e. questionnaire and interview were used in the study. A simple Ordinary Least Square (OLS) method was further adopted to statistically analyze the responses of the respondents gathered though the research instrument so as achieve a reasonable conclusion for the study. The paper concluded that the growth of MSEs does not depend significantly on the support and activities of Deposit Money banks (DMBs) in Nigeria because of the stringent lending conditions and other funding requirements by most banks. The paper recommended that there is urgent need by government to review the reform in the banking subsector so that DMBs can effectively fund MSEs’ activities with long-term, low interest rate facilities; in order to assist the its survival both in short and long run to meet long-term plans, and to enhance national economic growth and development.Item Poverty, an African Epidemic: Empirical Evidence of Nigeria(IISTE, 2015-11) Okhiria, Adebimpe O.; Obadeyi, James A.This study examines poverty as an African epidemic, with an empirical evidence of Nigeria. Poverty unarguably remains a global phenomenon that is complex and multi-dimensional in nature. Poverty is an economic situation where a household income is inadequate to meet the minimum nutritional need for growth and long-term survival (World Bank, 1996). The primary source of data was adopted via questionnaire and oral interview. A simple correlation technique was adopted to address the significant relationship among the responses of the respondents gathered though the questionnaire to derive logical conclusion. The study concludes that the blame on poverty is placed on modes of designing and implementing developmental programmes, which are seen to have failed to take the basic needs of the poor into account and historical factors together with the existing social structures that have developed from them. The paper further discovered lots of disparities in people’s income, gender, health, education etc. The study however, recommends that government should articulate a bold vision and establish concrete targets for improving and saving the lives of those threatened by diseases and hunger by way of introducing grants to ‘senior citizens’ – old people, providing monthly allowance to them, ensuring support for children that are orphan, homeless, and even with disabilities etc., in all areas of life. The study further recommends that government in all levels should be identified with the importance of using critical statistical data to corroborate progress report in order to assist in monitoring and implementing poverty alleviation programmes initiated by federal government, and to meet the target of Financial System Strategy, FSS 2020 and Millennium Development Goal (MDGs) by 2015.Item Terrorism, A Global Phenomenon Threat to Banking and Tourism Sectors in Nigeria: A True Story.(European International Journal of Science and Humanities, 2015-05) Okhiria, Adebimpe O.; Obadeyi, James A.The research study examined terrorism, a global phenomenon threat to banking and tourism sectors in Nigeria: A true story. The global attention began its focus on embassy bombing, aircraft hijacking and 9/11 terrorists-attack in 2001, which have now moved to the shore of Africa, particularly in North- East Nigeria, which may be assumed as ‘Third World War’. The banking and tourism sub-sectors’ operations have been completely distorted due to the operations of the terrorist, ‘Boko-Haram’. Forcing banks to close down operations indefinitely and tourists’ have been discouraged to visit Nigeria, thereby reducing the Foreign Direct Investment (FDI), with a strong decline in national economic growth. Data were collected through questionnaire administered on the responses of the respondents. A simple linear regression technique (Ordinary Least Square) was adopted to address the significant relationship among the responses of the respondents gathered though the research instrument. The paper concluded that with high degree of information and human capital technology, the channeling of funds were made with ease and speed, which could be traced to terrorist accounts (capital flow) for the purpose of financing their deadly activities; which served as a threat to national economic growth. The paper advised government ministries, agencies and departments (MDAs), operators, regulators, and other policymakers etc., to enhance intelligence so as to assist financial institutions to “red flag” potential terrorist transactions for checking against the financial institutions’ records; and financial institutions (banks) should always expect feedback on the usefulness of the suspicious transactions reports they provide either to domestic or international financial intelligence units.