Intellectual Capital Formation and Economic Growth in Nigeria

Education develops in individuals both physical and intellectual capacities which are critical for economic growth of a country. This study examines the contributions of education to growth in Nigeria using secondary data covering periods of 1980-2011. The unit root and Co-integration tests were conducted and Error Correction Mechanism (ECM) was employed. The results show that public investment in education maintains a positive long run relationship with economic growth while the school enrolments and real capital investment exhibit long run negative relationship with economic growth. The study therefore, among others recommends that the policy makers should pay more attention to education sector in terms of its yearly allocations and disbursement, also put in place the policy to increase the school enrolment ratio of the population and then invest more in the acquisition of physical capital to stimulate rapid economic growth in Nigeria. Keywords: public expenditure, intellectual capital, education, real investment, economic growth

Transformational Leadership Style and Employee Innovative Behaviour in Nigerian Banking Industry

This research study investigates the employee innovative behaviour effects of transformational leadership and its dimensions (idealized influence, inspirational motivation, intellectual stimulation, and individual consideration) in the Nigerian banking industry. Data were gathered from 350 full-time employees working in the banking industry in South-West region of Nigeria. Multiple regression analysis was utilized to examine the theoretical hypotheses. The empirical results showed that transformational leadership stimulates employee innovative behaviour. The findings further provide empirical support for the significant role of transformational leadership in improving employee innovative work behaviour. Furthermore, the direct effect of idealized influence and inspirational motivation on employee innovative behaviour is statistically significant at the conventional level whereas intellectual stimulation and individual consideration were found significant at 10% level. Thus, there is need for banking managers to ensure an environment that encourages the subordinates to enhance individualized consideration and intellectual stimulation practices. To identify the needs, desires and motives of employees, transformational managers need to assist subordinates to grow their skills and abilities towards the organizational demands, growth and sustainability. Keywords: Transformational leaders, charisma, inspirational motivation, intellectual stimulation, individual consideration, employee innovative behaviour. DOI: 10.7176/JRDM/83-04 Publication date:March 31st 2022

Effect of Entrepreneurship Education on Self-Employment Initiatives among Nigerian Science & Technology Students

Entrepreneurship education is introduced into Nigeria educational system to provide the necessary skills, competence, understanding, and prepare the Nigerian graduate for self-reliant, thereby contributing in nation building. This paper examines the effect of entrepreneurship education on self-employment initiatives among science and technology students of Gateway Polytechnic, Saapade Remo, Ogun State, Nigeria. Data obtained for analyses was obtained through self-administered questionnaires. In addition, simple percentage ranking, correlation and regression analysis techniques were used to analyse the questionnaires. The result obtained indicates that entrepreneurship education is a good policy and it has positive effect on self-employment initiatives. This study recommends that students should be encouraged beyond entrepreneurship school training projects to business ventures start-ups at micro and small-levels. Also, the Polytechnic management should collaborate with existing entrepreneurs and business organizations in providing entrepreneurship training to the students. Lastly, the polytechnic management, the government and other stakeholders can give special recognition, awards and sponsorship assistance as motivation to students whose projects are realistically outstanding. This will stimulate self-employment drives among graduates. Keywords: entrepreneurship education, self-employment initiatives, science and technology students

Promotional and Human Capital Development as Correlates of Administrative Staff Job Performance in Nigerian Polytechnic

The research paper investigates the effects of promotional and human capital development on administrative staff job performance of polytechnics in Ogun state, Nigeria. A survey research design and descriptive analysis was adopted for this study. The population comprised the administrative staffs of polytechnics (state and private owned) in Ogun state, Nigeria. Using a stratified random sampling technique, 200 questionnaires were distributed to administrators in four state and two privately owned polytechnics in Ogun state. Using the multiple regression analysis, the study found that employees job performance components (such as effectiveness, efficiency and adaptability) are positively related with promotional and human capital development in Nigerian polytechnics. The study concludes that the impacts of promotional and human capital development were more on employee effectiveness compared to task efficiency and job adaptability respectively. On the policy front, human capital development must be prioritized so as to make workers more efficient and effective in their functions and career paths. Specifically, promotion, employees training and development needs to be communicated to both managers and employees