Innovations is internationally peer-reviewed journal. Innovations aim to publish original research articles and review articles in diverse fields of Social Sciences and related. This is non-profit, non-stock refereed scientific journal in the world. Innovations is quarterly publication with non-commercial purpose. Innovations Journal has been indexed in the well-known world databases such as Scopus and Cosmos . Innovations recognized as a primary instrument for projecting and supporting the goals and objectives, which include scholarly research and the free exchange of ideas. Innovations appreciate systematic reviews, original papers, and peer-reviewed research on all aspects of social science and some field of Science.
Firms attributes and share prices of quoted consumer goods firms in Nigeria
Obaje, Folashade Olufunke1; Ogirima, Abdulmumuni2; & Muhammed Abdulsalam3
The study examined the impact of firm’s attributes on share prices of the quoted consumer goods firms in Nigeria. The research design adopted by the study is correlational and ex-post facto and the population constitutes the twenty (20) consumer goods firms quoted on the Nigeria Exchange Group as at 31st December 2021 out of which ten (10) were used as sample size. Due to the data availability of the companies, the study uses purposive sampling technique. The study uses secondary data and the instrument used for the collection of the data is documentation. The data used are extracted from the annual reports of the listed consumer goods firms on the Nigeria Exchange Group.. The study used linear regression model as the techniques of analysis using STATA 13.0 software. The study revealed that firm age has a significant positive impact on share prices while firm size and leverage both have insignificant negative impact on share prices of quoted consumer goods firms in Nigeria. The study therefore recommended that the management, investors and regulators of the quoted consumer goods firms in Nigeria should not place emphasis on the number of years a firm has been in operation and should devise more strategies of maintaining and improving their asset base.
Agricultural productivity, population growth and food security in sub-Saharan Africa
1Nnoli, Ikenna Theodore; 2Enilolobo, Oluwafemi Sunday; 3Ajayi, Emmanuel Olusuyi and 4Imeokparia, Lawrence.
The study investigates the impact of Agricultural productivity and population growth on food security in Sub-Saharan Africa from 2001 to 2019. The study made use of secondary data sourced from the World Development Indicator (WDI, 2021), and the Food and Agricultural Organization of the United Nations (FAO, 2021). A sample of 38 countries out of the 48 countries in Sub-Saharan Africa was selected using convenient sampling technique. Food security, the dependent variable was measured in terms of availability, accessibility, stability and Utilization, proxied by “Food production Index (2006=100)”, “Gross domestic product per capita, PPP, Dissemination (constant 2011 international $)”, “Per capita food supply variability (kcal/cap/day)” and “Percentage of population using at least basic drinking water service” respectively. In other to achieve the objective of the study, the System Generalised Method of Moments (GMM) was employed. From the GMM result, agricultural productivity with coefficients of 0.07064, 0.04724, 0.45007 and 0.05036 positively and significantly impacted food security when measured in terms of Availability, Accessibility, Stability and Utilization respectively. While population growth with coefficients of -0.09528, -0.03628, -0.74364 and -0.03867 negatively and significantly impacted food security when measured in terms of Availability, Accessibility, Stability and Utilization respectively. The study based on its findings recommended that African leaders need to play a critical role in supporting agricultural research and development which will increase agricultural productivity and hence improves food security.
Financial Development-Income inequality nexus in Developing economies in post-Covid-19 Era: Evidence from Nigeria
Victoria I. Okafor1,2 Oluranti Olurinola3 Ebenezer Bowale,2,4 Romanus Osabohien2,5 Esther Oluwatayo6
Issues: To have a thriving economy post-COVID-19, relevant and viable policies need to be put in place. The incidence of COVID-19 has reduced the last 5 years efforts towards reducing global poverty and income inequality to nothing as poverty and income inequality have further widened. Income inequality is the disparity in income distribution that has further widened due to the income loss of people because of the lockdown instigated to curb the spread of the pandemic. While the lockdown affected global productivity, developing economies are more likely to be more affected because the pandemic exposed the vulnerabilities of economies due to the pre-existing developmental issues plaguing developing economies. Therefore, measures must be taken drastically to ensure that developing economies have an economy to look forward to post-COVID. Methods: This study analysed how financial development can effectively aid income inequality reduction in Africa, focusing on Nigeria. The study examined the Nigeria Baseline Household survey conducted by the World Bank during the heat of COVID-19 with the aid of descriptive statistics. Findings: findings show that financial development can drastically reduce income inequality when electronic measures are embraced.
Effect of Covid-19 Pandemic on Consumption and Prices of Poultry Products in Delta State, Nigeria .
Ogisi, O.D., Enimu, S. and Ovwasa, O. J.
The study was carried out in Delta State, Nigeria to evaluate the effect of COVID-19 pandemic on consumption and prices of poultry products. The specific objectives were to determine the level of consumption of poultry products before, during and after the outbreak of COVID-19; ascertain the major COVID-19 event that impacted poultry industry the most; and determine the effect of Consumer’s profile on consumption of poultry products during the pandemic. The multi-stage random sampling technique was applied in the selection of 405 respondents and primary data were collected using questionnaire. Both descriptive and inferential statistical tools were used for data analysis. The result from the study indicated that 54% of the respondents were female, with average age of 26years; majority 40% had tertiary education. About 60% of the monthly expenditure of the respondents was on food items and the prices of poultry product skyrocketed 300% compared to pre-COVID-19 era, while 95% of the poultry consumers do not have access to the products during the pandemic. The multiple regression models with adjusted R2 of 79% indicated a relatively good fit, revealing that age, gender, employment, household income, and selling price of the products affected poultry consumption in the study area. Based on the result of the study, it was recommended that government and non-governmental organizations should develop alternative sales and distribution platforms for poultry and poultry products (online resources and ecommerce) to connect producers, businesses, and consumers in any circumstances and facilitate flexible conditions for bank loans disbursement and management.
An evaluation of the effect of Cash Flow Activities management on the Financial Performance of Manufacturing Firms Listed at the Nigeria Stock Exchange
1Modum Ikenna C. 2Dr. Ugwoke, Robison O. 3Dr. Ojukwu, Chioma Obianuju 4Akwue, Ojore Solomon
The study examined the cash flow activities on the financial performance of manufacturing firms in Nigeria. Eighteen (16) firms were selected from the forty-three (43) firms listed on the Nigerian Stock Exchange (NSE) judgementally. The Ex-Post facto research design was adopted, and secondary data were extracted from the selected firms’ annual reports for eleven years (2011-2021). Cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities were used as proxies for the independent variables. In contrast, ROCE, EPS and TQ were used as proxies for the dependent variable. Three hypotheses were formulated and analysed using the fixed and random effect models. There were mixed results of significant and non-significant cash flow activities on the financial performance of the selected manufacturing firms. Therefore, the study recommended that firms should optimally engage all activities that would generate more cash inflow from operating activities to increase the firm’s performance. Management of the firms should thoroughly evaluate investment opportunities to ensure an optimal return, which will lead to improved performance. Firms should use cash flow ratios for investment appraisal and seek a cheaper funding source to reduce the burden of servicing debt to achieve an optimal result.
Effects of communication technology instructional intervention on achievement of basic science and technology among junior secondary school students in Delta State, Nigeria.
Iroriteraye-Adjekpovu, Janice Imizuokena (Ph.D), Ovuworie Onoriode Oghenewede & Umukoro Emmanuel
The paper investigated the effects of communication technology instructional intervention on academic achievement of Basic/Elementary Science and Technology students in Delta State. The paper adopted a pre-test - post-test quasi-experimental design. The population constituted of 21,937 JSII students of Elementary Science and Technology in 179 public/government secondary schools in Delta State. A purposive sampling technique was employed and 223 JSII Basic Science and Technology students made up the study sample size. Basic Science Achievement Test (BSAT) was the instrument used for data collection. The reliability of the BSAT was established using the Kuder-Richardson formula 21 which yielded a coefficient index of 0.77. The data obtained were analysed using mean, standard deviation, t-test and Analysis of Covariance (ANCOVA). The results indicated a significant difference in the achievement mean scores between students instructed Basic/ Elementary Science and Technology with communication technology instructional intervention and those instructed with the lecture method, in favour of students taught Basic/Elementary Science and Technology with communication technology instructional intervention; there was no significant difference in the mean achievement scores between male and female students instructed Basic/Elementary Science and Technology with communication technology instructional intervention; and there was no significant interaction effect of teaching method and sex on students’ achievement in Elementary Science and Technology. It was therefore, recommended that communication technology instructional intervention should be adopted by Basic/Elementary Science and Technology Teachers in the teaching of Basic/Elementary Science and Technology concepts at junior secondary school level to enable them apply scientific and technological knowledge and skill.
Entrepreneurship: A Catalyst for Job Creation and Inclusive Growth in Nigeria
Imoisi, Anthony Ilegbinosa (PhD)
The pecuniarynecessity of making jobs available has become obvious following the downturn in economic activities in Nigeria, which turned chronic unemployment rates into anurgent political concern for the country’s government. This has been compounded by the nation’s persistent insecurity challenges and rising fiscal pressures, along with a global economy that is undergoingrun-of-the-mill growth. While certainly not a solution for all of Nigeria’s unemployment troubles, programmes that stimulate entrepreneurship and encourageMSMEs can assist the country in creating jobs and fostering inclusive growth, along the lines of the eighth SDG. The economic justification for taking up entrepreneurship and MSMEs is uncomplicated to formulate. Other than creating jobs, entrepreneurs and MSMEs can help upset the prevalentsnag of associate capitalism in the nation. Regrettably, promoting an ecosystem that would drive these potential change vehiclesonward is difficult. Undeniably, the Nigerian government has acknowledged the advantages of entrepreneurship but has not ensured that the appropriate ecosystem is available for entrepreneurs to thrive. The policy modifications required to produce such an ecosystem need a resilient political determination and a willingness to confrontembedded political and economic interests. Pressurizing deposit money banks to extend financial openings to entrepreneurs, and increasing market access viaimprovedinterconnectedlocal supply chains are extremely politicized concerns in Nigeria. Carrying out policy reforms in these locales has hence been problematic. Nevertheless if the Nigerian government desire to reduce unemployment, it ought to do what is required to galvanize entrepreneurs and MSMEs
Personality Super-traits and Psychosocial Adjustment of First Year University Undergraduates in Delta State University, Abraka, Nigeria
Toyin Odofin, Ph.D And E.E. Ebenuwa-Okoh, Ph.D
This study examined the impact of personality supertraits on psychosocial adjustment among first year university undergraduate students in Delta State University, Abraka, Nigeria. The study was guided by two research questions and two hypotheses. Simple random sampling technique and Purposive sampling was used to select 300 male and female first year undergraduate participants for the study. The target population for the study was 100 level undergraduates’ students in the Faculty of Education, Delta State University, Abraka. The instrument used to collect data was an adopted questionnaire which include personality supertraits (PS)and psychosocial adjustment scale(PAS). Cronbach Alpha was used to assess the reliability index of the instrument which yielded 0.79.The data collected were analyzed using Descriptive Statistics, Pearson Product Moment Correlation (PPMC) to answer research questions and Regression Statistics to test the hypotheses at .05 level of significance.The results of the findings showed that the fivepersonality supertraits jointly had a positive relationship with psychosocial adjustment. The study further showed that male undergraduate student’s psychosocial adjustment is higher than those of their female counterparts.Based on the findings of this study, it was recommended that effective counselling should be given by professional counsellors in schools to first year undergraduate students in order to help nurture the students with emotional needs that wish to share their problems in confidence with them. When planning activities in the universities for undergraduates, equal opportunities should be given to both male and female undergraduates.
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