IMPACT OF ENTREPRENEURIAL HUMAN CAPITAL DEVELOPMENT ON RURAL ENTREPRENEURSHIP GROWTH ►OJOKUKU, R. M. and OGUNWOYE, A. A.
In Nigeria and other developing nations of the world, the strategic role of the entrepreneur as an agent of economic development cannot be over emphasised, particularly in the aspects of employment generation, wealth creation and poverty reduction. Statistics show that the incidence of poverty in developing countries is more prevalent in rural areas, where more than half of the population reside, hence the focus of attention on rural entrepreneurship as a strategy for tackling the problem, has been on the increase. The problem of rural-urban drift of youths (especially the educated ones), which has led to overpopulation in urban centres, is also another major reason why encouraging rural entrepreneurship is imperative. Achieving success with this strategy however, depends, to a large extent, on the human capital of the rural entrepreneur, whose role in the enterprise is very strategic, and often determines the chances of survival of the enterprise. This study therefore examined the impact of entrepreneurial human capital development, in terms of entrepreneurship education, on rural entrepreneurship growth in selected rural communities in Ayedire Local Government of Osun State, Nigeria. Fifty rural enterprises were selected and data was sourced with a questionnaire. Their responses were analysed using Simple Regression Analysis where the result revealed that 61% variation in rural entrepreneurship growth is explained by entrepreneurial human capital development. It was concluded from the findings, that entrepreneurial human capital development has a positive and significant impact on rural entrepreneurial growth. Many young rural entrepreneurs however, do not have access to tertiary education due to poverty, and are therefore denied entrepreneurship education, which is presently incorporated only in tertiary education curriculum in Nigeria. The need to include entrepreneurship education in secondary school curriculum is therefore imperative.
THE IMPACT OF EXCHANGE RATE ON ECONOMIC GROWTH IN NIGERIA (1980-2012) ►ADEYEMI, GBENGA and OLAWOYE, AYO JOY
This paper examined the impact of Exchange Rate on Economic Growth in Nigeria, 1980 to 2012, which is a period of 32 years. The Theoretical frame work of the study is Balassa-samulson theory .The estimation technique employed was Ordinary Least Square (OLS) of multiple linear regression analysis and Unit root test. The dependent variable is the Economic Growth (GDP) while the independent variables are Exchange Rate, Balance of payment, Money supply and Inflation. Secondary data were used. The data was sourced from Central Bank of Nigeria, Statistical Bulletin, and National Bureau of Statistics (NBS). Augmented Dickey-fuller (ADF) test was used, the result shows that all variables were stationary at level, I(0). Johansen unrestricted co-integration test was also used, the result shows that there was a long run relationship between the variables. Findings revealed that Exchange Rate was interrelated in the long run and has a positive impact on Economic Rate (GDP) between the years studied. It has been recommended that Nigeria Government and policy makers should employ policies that would increase productivity in all sectors of the economy, through the creation of an enabling environment and provision of flexible exchange rate so that business can grow; this in turn would lead to economic boost on gross domestic product in Nigeria and its general populace.
SUPPLY CHAIN MANAGEMENT AND CORPORATE SUCCESS IN THE CEMENT INDUSTRY, SOUTH- SOUTH ZONE, NIGERIA ►Horsfall, Omona-A Hamilton
This study examined supply chain management and corporate success in the cement industry in South-South Zone, Nigeria. The objective of the study is to empirically investigate the impact of supply chain management on corporate success in cement industry. The study operational zed SCM (i.e. independent variable into three dimension; SCM planning; coordination and control variability and corporate success (i.e. dependent variable) as customers’ satisfaction, employees’ satisfaction and profitability. A sample size of one hundred and eighty (180) were drawn from nine (9) cement companies and thirty six (36) cement dealers across the six state in south-south zone, using a combination of stratified and simple random sampling technique. Data were collected from the respondents with structured questionnaire and data collected were analyzed using both descriptive statistics and inferential statistic (i.e. multiple ordinary lest square regression) with the aid of SPSS 17 at 0.05 level of significance. The result showed that all the cement companies and the dealers in the industry are involved in SCM activities in one way or the other. It was also found that, those with strong and effective SCM capability tend to achieve high rate of corporate success than their competitors. The customers wish to purchase new items or repurchase is an indication of customers’ satisfaction due to effective and efficient SCM. Increase productivity, commitment, team work, reduce turnover rate, trust, lower absenteeism to achieve set objective is an indication of employees’ satisfaction due to the impact of SCM. The customers’ satisfaction results to high demand of their product and increase profitability of the firm. The study found that ,SC control variability outcome is as good as the data system due to the fact that the right information get to the right person at the right time.