Effect of Corporate Governance on Firm Performance in Nigeria

The study examined the effect of corporate governance on firm performance in Nigeria. The study specifically investigate the extent to which board size affect firm performance; investigate the relationship between board independence and firm performance; ascertain the extent to which ownership structure influence firm performance; examine the relationship between board gender diversity and firm performance for the period of five years which covered 2013 to 2017. Data were sourced from Annual report and statement of financial accounts of the selected companies. Panel Data econometric technique which included least squares dummy variable (LSDV), random effect model and Hausman tests were employed. The model adopted return on asset (ROA) and return on equity (ROE) as the dependent variables while Ownership structure (OWNSTR), Board independence (BIND), Board size (BSIZE) and Board gender diversity (BGD) were used as the explanatory variables to capture corporate governance. The study found that board independence (BIND) has positive effect on return on asset while Ownership structure (OWNSTR), Board size (BSIZE) and Board gender diversity (BGD) on return on asset. The study further revealed that all the explanatory variables that is, Ownership structure (OWNSTR), Board independence (BIND), Board size (BSIZE) and Board gender diversity (BGD) have significant and positive effect on return on equity. The study concluded that corporate governance have significant effect on return on equity and it was recommended that size of the board (membership) should be increased but not exceeding the maximum number specified by the code of corporate governance for banks

Effects of Taxation as an Alternative to the Dwindling Oil Revenue in Nigeria

The study investigated the effect of taxation as an alternative to the dwindling oil revenue in Nigeria for the period of 24 years covering 1994 to 2017; examine the effect of value added tax on economic growth in Nigeria; investigate the effect of petroleum profit tax on economic growth in Nigeria; determine the impact of company income tax on economic growth in Nigeria. The study employed Johansen cointegration and error correction model technique and specified real gross domestic product (RGDP) on petroleum profit tax (PPT), company income tax (CIT) and value added tax (VAT). The result of unit root test indicated that there is presence of stationarity among the variables at 2nd difference. The Johansen cointegration analysis indicated that there is a longrun relationship between tax variable and economic growth in Nigeria. However, the relationships between the variables were negatively related to economic growth in Nigeria. The ECM result was correctly signed and significant thereby incorporating the shortrun inconsistency in the model. However, the overparameterized error correction model result showed that the variables have short run association which effect can actually be felt in the long run. The result further showed that the short-run dynamics in the model has been corrected; giving the correctly signed and statistically significant ECM coefficient of about 48.73% increase. The result of parsimonious ECM showed that the ECM coefficients of the series is significant and correctly signed, thus validating the presence of long run relationship amidst the variables and that about 57.46% of the short run inconsistencies are corrected and incorporated into the long run dynamics, annually. Based on the result of the longrun cointegration, the study concluded that taxation have negative effects on economic growth in Nigeria but can impact positively if government give possible attention to it thereby serving as an alternative to the dwindling oil revenue. The study therefore recommended that government should ensure that taxation is properly managed in a manner that will accelerate economic growth, reduce inflation rate and generate employment in the country. The study further suggested that government should diversify the economy from being solely oil dependent, to other streams of income generation such as agriculture, solid minerals and gas, otherwise the ripple effect of our over reliance on crude export to the USA, will be devastating to the economy

Corporate Social Responsibility on the Performance of Private Telecommunication in Nigeria (A Study of Mtn)

The study examined the effect of corporate social responsibility on the performance of private telecommunication Nigeria (A study of MTN telecommunication Plc). Specifically, the study examine the relationship between economic expectation of corporate social responsibility and the performance of telecommunication industry; evaluate the relationship between legal expectation of corporate social responsibility and the performance of telecommunication industry; investigate the relationship between ethical expectation of corporate social responsibility and the performance of telecommunication and ascertain the relationship between discretional/ philanthropic expectation of corporate social  responsibility and the performance of telecommunication industry. The project work employed primary data instruments sourced through 40 self administered questionnaires of which all were collected and analysed using the Pearson Monument Coefficient Correlation Model. The result of finding established that there is statistical significant relationship between economic expectation of corporate social responsibility and performance of telecommunication industry (r-cal 0.564, P0.05). There is significant relationship between discretional/philanthropic expectation of corporate social responsibility and the performance of telecommunication industry (r-cal 515, P<0.05). The study concluded that corporate social responsibility significantly impact performance of telecommunication industry in Nigeria.  Based on the conclusion, the study recommended that CSR activities should be considered as a nation-wide initiative in order to support other initiatives and other regions and not just small groups of beneficiaries or customers for that matter. The study further suggested that organization in the community and the individuals should begins to see themselves as inclusive stakeholders in the wellbeing and welfare of the organization and thus less likely to do anything or take any action that may likely hurt the interest of the organization, thereby promoting corporate efficiency and serving as avenues to reach out to more market segment.

Contributions of the Productive Sectors’ to the Nigeria Economic Performance

The study empirically examined the contributions of the productive sectors’ to the Nigeria economic performance from 1981 to 2016. The study gathered time-series data majorly from the Central Bank of Nigeria Statistical Bulletin. The model in the study specified total gross domestic product of Nigeria as a function of the contributions of the manufacturing, agricultural, oil and gas, building, transport and trading sectors in the Nigerian economy. Employing the classical Ordinary Least Square estimates, ADF unit root test, Johansen Co-integration estimation techniques and Error Correction Modelling to analyse the data obtained. Based on the parsimonious error correction result, the study empirically explored that the ECM is correctly signed and significant and all the explanatory variables were positively and significantly related to the total GDP a proxy of economic performance in Nigeria. The study concluded that the productive sectors in Nigeria exert positive and significant influence on the Nigerian economy for the period under investigation. The study recommended, inter alia, that the government and all other stakeholders should channel huge economic resources into investing more in the productive sectors, so that these sectors will bring about the desired level of economic growth in Nigeria, as witnessed in the European world

Short-Run and Long-Run Effects of Non-Oil Trade Export on Economic Growth in Nigeria

This study examined the short and long run effects of non-oil trade export on economic growth in Nigeria. Descriptive statistics and inferential statistics (unit root test, Johansen cointegration and error correction mechanism) were employed as the estimation techniques. The time series data on non-oil export (proxied by non-oil total trade, balance of trade, exchange rate and inflation rate); and economic growth (proxied by growth rate of Real Gross Domestic Product) were sourced and obtained from the Central Bank of Nigeria Statistical Bulletin and Nigerian Bureau of Statistics over a period of thirty (33) years (1986&ndash;2018). The study showed that non-oil total trade, balance of trade and exchange rate have positive and significant effects on economic growth in Nigeria while inflation rate has no significant effect on economic growth in Nigeria. Based on the finding of the study, it was concluded that non-oil trade export has positive and significant effects in the short run and long run on economic growth in Nigeria. It is recommended that full attention should be directed to the non-oil sector in other to make our produce competitive in international market