School of Innovative Technology (SIT)
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School of Innovative Technology (SIT)
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Item Effect of COVID-19 Pandemic on the Nigerian economy(Poona College of Arts, Science and Commerce, 2020) Nurudeen Abu; Musa Abdullahi SakankoThis study employs the ARDL estimation method to investigate the impact of COVID-19 pandemic on Nigeria’s stock market using daily data from 23rd March to 29th May 2020. The results of the bounds test to cointegration indicate that a long-run relationship exist between the COVID-19 outbreak and stock market performance. The estimation results demonstrate that COVID-19 (proxied by the number of confirmed cases of infection, the number of deaths and lockdown) has a negative impact on stock market performance in the long-run and the short-run. The results of the stability test reveal that the relationship between COVID-19 pandemic and stock market is stable over the long-run. The study recommends policies to reduce the spread of the virus to lessen its negative impact on the stock market in Nigeria.Item Financial Inclusion: A Panacea for National Development in Nigeria(Faculty of Social Sciences, Federal University of Lafia, 2019) Musa Abdullahi Sakanko; Nurudeen AbuDevelopment is a key factor in every society, although, the understanding of the concept differs from society to society. That is, each society has ways of developing itself passing through the necessary developmental stages. The success of these stages is a function of many key policies, programmes, and initiatives. The study employed the Autoregressive Distributed Lag (ARDL) bounds testing technique to empirically examine the effect of financial inclusion on national development in Nigeria from 1980 to 2018. The empirical result indicates the existence of Co-integration (long-run) relationship between national development (proxy by Human Development Index-HDI) and financial inclusion (measured by access to financial institutions, access to ATM facilities, access to credit, and the credit to the private sector). In addition, the result demonstrates the presence of statistically significant positive impact of access a bank, ATM facilities, and credit on national development, as well as the existence of significant negative impact of credit to the prive sector on national development in the long run. Equally, in the short run, it was discovered that, while access to the bank in the current and previous year, and the access to ATM facilities in the past year impact on national development positively. In essence, while these entails the tendency of improved level of financial inclusion enhancing national development, policy makers are therefore recommended to put in place strategies which will further enhance the level of financial inclusion in the countryItem A Comparative Study of Local and Global Construction Materials Sourcing Strategies for Road Projects in Nigeria(CSID Journal of Infrastructure Development (CJID), Faculty of Engineering, Universitas Indonesia, 2024-06-30) Ajiboye, Araoye Olarinkoye; Silas, Micaiah Zhitsu; Adindu, Chinedu Chimdi; Alhassan, Elijah Aina; Kolo, Stephen SundayThis study is a comparative analysis of local and global sourcing strategies to determine the impact of strategic material sourcing on road construction project performance. The study aimed to evaluate the effects of material-sourcing strategies on the performance of road construction companies in Nigeria. A mixed-methods approach was used, incorporating both qualitative and quantitative research. Data collection involved sampling techniques using structured questionnaires and oral interviews. Regression analysis evaluated the relationship between strategic material sourcing and road construction performance. The results revealed that 87.5% of the materials used by road construction companies in the study areas were sourced from the local market, which indicates a high dependence on local resources and substantial investments and purchases within the local economy. Additionally, it was shown that local material sourcing was advantageous over global sourcing in terms of quick delivery and cost savings on road projects. However, the study also revealed that global material sourcing was necessary for projects requiring advanced and higher-quality materials. The study concludes that a high percentage of domestic material sourcing is essential for boosting the Nigerian economy through industrialization, employment generation, and a robust and self-sufficient economy. It is recommended that both government and private material suppliers explore ways to enhance the quality and availability of local road construction materials through advanced manufacturing technologies to improve service delivery by road project contractors. Furthermore, expanding the existing road material procurement process could create opportunities for construction companies beyond the local area and foster healthier competition among them by leveraging economies of scale.Collection Collection Collection