Browsing by Author "Ogbeide, S.O."
Now showing 1 - 3 of 3
Results Per Page
Sort Options
Item Barriers of Microfinance Banks’ Credit Delivery to Small Enterprises: An Empirical Analysis from South-Western Nigeria(The Romanian Economic Journal, 2020-12-30) Obadeyi, J.A.; Ogbeide, S.O.; Akande, A.AThis 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 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 Remittances, Monetary Policy Transmission Mechanisms and Economic Performance(Journal of Economics and Administrative Sciences, 2022-02) Ogbeide, S.O.; Olarinde, O.S.; Obadeyi, J.A.This study empirically investigated the impact of migrant remittances through monetary policy transmission channels on the economic performance of Nigeria. Previous impact and causality analysis show varied results for migrant remittances on the economic performance of Nigeria. There remains a dearth of studies investigating the impact of remittances on growth after accounting for its transmission effects on monetary instruments. Time series data from 1962 to 2020 from the statistical bulletin of the Central Bank of Nigeria (CBN) and the World Development Indicators were used in the causal research design as well as the correlation analysis, dynamic general method of moment (GMM) and Johansen co-integration technique. The research findings indicate that remittance inflows once interacted with exchange rate exerted a positive and statistically significant impact on the economic performance of Nigeria. Remittance inflow interacted with inflation rate had a positive yet insignificant impact on the economic performance of Nigeria. Monetary policy rate maintained a positive sign with significant impact on the economy of Nigeria; while capital stock investment exerted a negative and insignificant impact on gross domestic product per capita income of Nigeria. The study finds that the interaction of migrant remittances with monetary policy instruments is economically important to the per capita growth in Nigeria in the short and long-run. The study results confirm that the Central Bank of Nigeria (CBN), should continue to facilitate reducing costs of remittances as well as opportunities for diaspora investments, because of the impacts that remittances have on economic performance through other monetary variables.