KIU Interdisciplinary Journal Of Humanities And Social Sciences

 Journal

 CONTRIBUTORY PENSION SCHEME ON NIGERIA ECONOMIC GROWTH.

 Abdullahi Usman Abdulfatai, Grace O. Obadare, Anifowose Oladotun Larry

 2022

This study was embarked upon to provide empirical evidence on the effect of contributory pension scheme on economic growth in Nigeria. Data for the study were secondary sourced from various records of PenCom Annual Reports and CBN Bulletin (database). The data were computed with the use of Statistical Package for Social Sciences (SPSS). It was concluded that pension fund assets and pension contribution /savings mobilized over the years have positive and insignificant impact on economic growth. The implication of this finding is that the authorities concerned have not been able to use the pension fund asset and savings mobilized to boost economic growth in Nigeria. It was therefore recommended that, there should be more emphasis on the management of pension assets in the capital market as well as government bond, real estate and investment trust to boost Gross Domestic Product (GDP) of the country (Nigeria). Secondly, there should be prompt reconciliation between Pension Fund Administrators (PFAs) and Pension Fund Custodians. This will bring transparency and accountability to the system. Finally, PenCom should ensure effective monitoring, supervision and enforcement of the provision of the PRA 2004, which are the inevitable ingredients in the Contributory Pension Scheme towards Gross Domestic Product (GDP). 

 Canadian Social Science

 Journal

 Assessment Of Financial Risk And Its Impact On An Informal Finance Institutions Profitability

 Emmanuel Adewole Adelusi; Oladotun Larry Anifowose

 2022

This study examined the connection between financial risk and the profitability of informal financial institutions in Ondo state, Nigeria. Theory assumes risk to have a negative relationship with profitability; however, some studies have proved otherwise. This study used Anuoluwapo cooperative society located in Akure, over a quarterly 5-year period spanning 2015Q1 to 2020Q4. To assess the relationship between financial risk & profitability, the study employed the Pearson correlation to analyse the level of correlation. In assessing the relationship between financial risk & profitability, a data regression model was also used. The correlation coefficients for the variables were positive (+1) & negative (-1). The significance showing a clear indication that there is a strong correlation between financial risk & profitability in Anuoluwapo Cooperative Society. The data regression model shows that P value (0.00) is greater than 0.05; there is an insignificant but positive relationship between the profitability & the financial risk of Anuoluwapo Cooperative Society. This implies that the test considered the random effect model as the most appropriate estimator. The study found out that a unit increase in financial risk would lead to an increase in profitability. From the finding, the study concludes that financial risk positively affects profitability of Anuoluwapo Cooperative Society. The study suggests that since a high level of risk, yield high returns, the process of dealing with risk should be continuous & developing with time. 

 Skyline University, Kano, Nigeria

 Journal

 Cost And Benefit Effects Of African Continental Free Trade Area (AFCFTA) For ECOWAS Countries.

 Anifowose, O. L., (2022).

 2022

Regional integra????on is a must for Africa's economic transforma????on and long-term socioeconomic development. On the one hand, it is a development plan aiming at combining the countries of ECOWAS into a single huge market capable of delivering economies of scale, enhanced compe????????veness, FDI, and poverty reduc????on. Regional integra????on, on the other hand, aids in the resolu????on of non-economic issues such as reoccurring conflicts and poli????cal instability, as well as improving the con????nent's nego????a????ng posi????on on the interna????onal stage. Despite the recent shi???? in the growth poles of the global economy from developed countries to emerging and developing countries, Africa lags behind and remains marginalized. This is partly because the con????nent remains a fragmented bundle of small resource-rich but commodity-dependent economies. For Africa to op????mize its resource endowments and translate them into welfare gains for its teeming popula????on, regional integra????on is inevitable. The eight regional economic communi????es are at various stages in the integra????on process, and it is not certain that all the obstacles could be addressed in order to achieve the African economic community (AEC) in line with the ????melines of the Abuja Treaty. Meanwhile, African leaders and policymakers are showing more interests and making stronger commitments toward fast-tracking the AEC. Meanwhile, African leaders and policymakers are showing more interests and making stronger commitments toward fast-tracking the AEC. As a first step toward this goal, the leaders agreed to establish the African Con????nental Free Trade Area (AFCFTA) by 2017. The goal of this study is to determine whether the AFCFTA and ECOWAS' economic and industrial goals are in sync; to assess the economic benefits and costs of the agreement to ECOWAS economies in terms of output, trade, and welfare; and to incorporate private sector perspec????ves on the agreement's benefits and costs to businesses in all sectors and the overall macro economy. 

 Sub-Sahara African Academic Research Publications September, 2021 Editions

 Journal

 A Literature Survey On The Potential Impacts Of Fracking On Nigeria Economic, Social, Legal And Environmental Sustainability

 Anifowose O.L., & & Sadhana Manik

 2021

This study presents an intensive survey of literature focused on the different aspects of fracking potential impacts as related to Nigeria economy, social and environmental sustainability and establishes an understanding of the potential benefits and impacts of fracking on diverse spectrum of sustainability. The development of more innovative ways to limit the environmental damages of the fracking process should be on the priority list of the construction and engineering community’s research agendas. Finally, an international assessment of fracking would be very useful in addressing the opportunities and threats of the fracking process. 

 ACTA Universities Danubius Economica,Vol.15 Issue 3/2019(Online ISSN:2067-340X,Print ISSN 2065-017)

 Journal

 “Military Expenditure And Institutional Quality On BRICS Inclusive Growth Based On World Bank Income Classification”,

 1. Anifowose Oladotun Larry

 2019

Empirical studies on military expenditure-growth nexus in individual countries and cross-national countries abound, however, to the best knowledge of the authors; there are no studies on the impact of military expenditure and Institutional quality on Inclusive growth. The objective of this paper is to fill the gap by investigate the impact of military expenditure and institutional quality on BRICS inclusive growth from 1984 to 2017. This paper adopted BRICS countries because they account for about 26.11 % of total world military expenditure. Due to the heterogeneous nature of BRICS countries, the countries were grouped into Upper Middle Income countries and Lower Middle Income countries using the World Bank Income Classification. In addition, corruption was adopted as the reliable proxy for institutional quality, since corruption is often a symptom of bad institution. The result of the impact of military expenditure and corruption on inclusive growth in the lower middle-income group indicates that military expenditure and corruption have positive and statistically significant effects on inclusive growth while the interactive term has negative and statistically significant effect on inclusive growth. This implies military expenditure reduces inclusive growth in the face of corruption. However, for the upper middle income, military expenditure is negative and significant as against that of lower middle income. Corruption and interactive term have negative effects on inclusive growth but both are statistically insignificant. 

 Satyam N Kandula On Behalf Of Institute Of Public Enterprise

 Journal

 Determinant Of South Africa’s Military Expenditure

 Anifowose Oladotun & Mabuyi Gumade

 2019

The study examines the determinants of South Africa’s military expenditure from 1970 to 2017. The study is based on the neoclassical theory to estimate the determinants of military expenditure for South Africa. The Autoregressive Distributed Lag (ARDL) estimation technique was employed. In conclusion, the result reported, revealed that four out of nine variables considered in this study were positive and signifi cant to determine South Africa’s military expenditure from 1970 to 2017. The positive and signifi cant variables are trade balance, democracy index, infl ation and external threats. 

 Acta Universitatis Danubius. Œconomica, Vol 15, No 4 (2019)

 Journal

 Determinants For BRICs Countries Military Expenditure

 Oladotun Larry Anifowose, Omolade Adeleke, Sophia Mukorera

 2019

The purpose of the paper is to use econometric methods to ascertain the main determinants of rising military expenditure in BRICS countries for the period of 1970 to 2017.The empirical result of the determinant for military expenditure of BRICS countries from 1970 to 2017 employed the panel data analysis approach. Based on the detailed theoretical and empirical literature on determinant for military expenditure, the neoclassical model was considered the best to analyzed determinant of BRICS countries military expenditure. BRICS countries political economy and security factors were incorporate for model specification. The determinant for military expenditure for BRICS include income, population, government expenditure, Security web (average military expenditure of neighboring countries within BRICS countries), internal threats and external threats. The economic, political and security factors are included. The empirical result suggest that BRICS countries military expenditure is mainly determined by its income, population, exchange rate, internal threats, inflation and political regime( proxy by democracy index). In conclusion, ,the result reveal that BRICS policy makers if they are interested in reversing their high unemployment and poverty rate should focus their attention on these encouraging the local production of their arms/ ammunition (military industries) which will create job opportunities for their teeming youthful population. This result is in line with the findings of (Tambudzai, 2011),(Brauer, 2002) and Hartley and (Sandler & Hartley, 1995). 

 Nigeria Journal Of Management Sciences (NJMS), Benue State University, Benue State, Nigeria ( Journal )- Authorship – 100%

 Journal

 Forecasting The Entrepreneurial Assertiveness Of Nigerian University Students

 ANIFOWOSE OLADOTUN LARRY

 2015

Throughout many years of research and analysis, still there cannot be a complete explanation of behaviors towards business startup and entrepreneurship. Yet so far many do their papers, research and/or paper on this matter, searching for this matter in details is just like a psychology course, trying to figure a person and is/her personality all together, which is still merely impossible. Based on the impossibility issue of this subject and lack of resources, models where created to simplify the behavioral factors and to make them more understandable. Based on these models, factors such as family background, demographics and personality traits where focused on. All these models were made to give one answer and that is how students graduated from Federal University of Technology (FUTA) would behave towards entrepreneurship and business startups after graduation. General Enterprising Tendency (G.E.T.) I test was used to determine the answer of couple of hundred students on how they may behave towards starting a business , all the evidence and the test itself is given in the methodology part of this paper.

 

 Internation Institute Of Policy Review And Development Strategies

 Journal

 Islamic Financing As A Tool For Economic Transformation Using Nigeria As Case Study

 ANIFOWOSE OLADOTUN LARRY

 2015

Islamic financing is no doubt long overdue in Nigeria; Nigeria is a democratic country where we have freedom to do everything that is lawful according to the constitution of the country. The uniqueness of Islamic financing is to put into consideration to thrive and to consider while making policies that will guide the economy of the country to Favour everybody interest in the country. When this institution is put in place to thrive, the economy of Nigeria will grow at a very high speed, we cannot over emphasized the fact that Islamic financing will aid the economy of Nigeria to develop and make the people very hard working to achieve a common goal of making every Nigerian to get them self-busy to be able to make a living, as we all know, Islam do not encourage laziness or dependent on people, in other words Islam as a religion urges everybody to get involved in the creation of wealth for each and everyone in the country.

Finally, Islamic financing would be very beneficial in the growth of Nigerian economy, if well implemented by the managers of our economy in the next five to ten years. As a matter of fact, the economy will be what we all what it to be, the vision 20:20:20 of our great country can be articulated with great policies that will aid this Islamic financing in Nigeria. Growth and Global Developments in Islamic finance industry has evolved to become an essential part of the international financial system, witnessing tremendous growth both in terms of assets and geographical spread.

 

 Journal Of Accounting Research And Practice, Kaduna State University

 Journal

 Public Sector Privatization And Measuring Soundness Of Nigerian Banks Using CAMEL Framework As A Model

 ANIFOWOSE OLADOTUN LARRY

 2012

State owned banks privatization has become a major issue in both developed and developing countries of the world. During the 2000s, state owned banks were under examination because of the increase evidence that such banks were performing poorly and creating difficulties for their country’s economies.

The present work evaluates the impact of privatization on performance in a group of Nigerian banks for the period 2000 to 2008.The methodology used is CAMELS framework, the study investigates the impact of privatization on the Nigerian Banking sector performance. The pre privatization era (2000-2003) witnesses a down trend in the Nigeria banking sector performance. On the contrary, the post privatization period (2004-2008) the study has found that, privatization on the Nigeria Banking sector spur performance of seven banks that were privatized. Overall, the empirical results suggest negative effects of the government ownership on the performance of many Nigerian banks. And also government have come to view privatization as an increasing attractive means of solving the problems they encounter with the public banks . The study recommends that, if privatization is to achieve the stated objectives, execution should be in the best interest of the nation especially in the banking sector and well-being of the citizen and Transparency, probity and accountability in banking sector as they affect privatization and other policies must be pursued with vigor.