- Lagos, Lagos, Nigeria
Weli Chisonma
University of Port Harcourt, Educational Management, Graduate Student
ABSTRACT Nigeria, like other developing countries has been plagued by series of economical challenges. Of these challenges poverty eradication and means of economically empowering its citizens have taken the centre stage. Education has... more
ABSTRACT
Nigeria, like other developing countries has been plagued by series of economical challenges. Of these challenges poverty eradication and means of economically empowering its citizens have taken the centre stage. Education has been propounded to be the key to solution of national developmental issues, hence Nigeria overtime has embarked on minor and major reforms in its educational system and curriculum development. The Secondary level is seen as the cradle for youth empowerment and development. In Nigeria, this section of its population record the highest form of unemployment and constitute high social cost as they resort to juvenile delinquency- robbery, militancy, prostitution, etc. in view of this challenge, the government instituted the Universal Basic Education implemented in 2004. Part of the requirement of this new system is the Vocationalization of the Secondary school curriculum to provide the functional education required to empower its citizens.
Traditionally, the vocationalization of secondary education has been seen as an effective measure for developing human resources. Although it is regarded as being applicable for both developed and developing countries. For developed countries, with well-functioning and well-resourced secondary school systems that enrol the great majority of young people, vocationalization is seen as an appropriate initiative (Lauglo, 2005). In developing countries the case is quite different, as this process is hampered or slowed down by a myriad of problems.
This paper seeks to analyse the option of vocationalization of the Nigerian Secondary school curriculum, drawing lessons from literature on Vocationalization of Secondary schools in other developing countries; and based on findings make recommendations.
Nigeria, like other developing countries has been plagued by series of economical challenges. Of these challenges poverty eradication and means of economically empowering its citizens have taken the centre stage. Education has been propounded to be the key to solution of national developmental issues, hence Nigeria overtime has embarked on minor and major reforms in its educational system and curriculum development. The Secondary level is seen as the cradle for youth empowerment and development. In Nigeria, this section of its population record the highest form of unemployment and constitute high social cost as they resort to juvenile delinquency- robbery, militancy, prostitution, etc. in view of this challenge, the government instituted the Universal Basic Education implemented in 2004. Part of the requirement of this new system is the Vocationalization of the Secondary school curriculum to provide the functional education required to empower its citizens.
Traditionally, the vocationalization of secondary education has been seen as an effective measure for developing human resources. Although it is regarded as being applicable for both developed and developing countries. For developed countries, with well-functioning and well-resourced secondary school systems that enrol the great majority of young people, vocationalization is seen as an appropriate initiative (Lauglo, 2005). In developing countries the case is quite different, as this process is hampered or slowed down by a myriad of problems.
This paper seeks to analyse the option of vocationalization of the Nigerian Secondary school curriculum, drawing lessons from literature on Vocationalization of Secondary schools in other developing countries; and based on findings make recommendations.
Research Interests:
ABSTRACT The purpose of this study is to investigate the relationship between debt financing and profitability of seventeen companies listed under industrial goods on the Nigerian Stock Exchange considering a period of three years from... more
ABSTRACT
The purpose of this study is to investigate the relationship between debt financing and profitability of seventeen companies listed under industrial goods on the Nigerian Stock Exchange considering a period of three years from 2011 to 2013- Panel data. The data was analyzed by using descriptive statistics, regression and correlation analysis through the EViews3 software. Results of the analysis showed that there is a negative yet non-significant relationship and association between the firms’ debt financing and profitability. Further the results suggest that 51% of total assets in the industrial sector of Nigeria are represented by debt, confirming the fact that they are capital intensive and highly geared institutions; whereas profit ratio was only 3% of total assets in the sector. The study recommended management of the sector should pay attention to other factors that could possibly cause this rather small ratio of profit to total assets when compared to the volume of leverage. The outcomes of the study may guide operators of the industrial good sector and policy planners to formulate better policy decisions as far as the capital structure- debt and profitability are concerned.
The purpose of this study is to investigate the relationship between debt financing and profitability of seventeen companies listed under industrial goods on the Nigerian Stock Exchange considering a period of three years from 2011 to 2013- Panel data. The data was analyzed by using descriptive statistics, regression and correlation analysis through the EViews3 software. Results of the analysis showed that there is a negative yet non-significant relationship and association between the firms’ debt financing and profitability. Further the results suggest that 51% of total assets in the industrial sector of Nigeria are represented by debt, confirming the fact that they are capital intensive and highly geared institutions; whereas profit ratio was only 3% of total assets in the sector. The study recommended management of the sector should pay attention to other factors that could possibly cause this rather small ratio of profit to total assets when compared to the volume of leverage. The outcomes of the study may guide operators of the industrial good sector and policy planners to formulate better policy decisions as far as the capital structure- debt and profitability are concerned.
Research Interests:
ABSTRACT This study investigated the impact of micro finance operations on grass root development, by analyzing its effect on factors that define the major characteristic of the grass root which is poverty. It was identified from... more
ABSTRACT
This study investigated the impact of micro finance operations on grass root development, by analyzing its effect on factors that define the major characteristic of the grass root which is poverty. It was identified from literature that low productivity and employment are the major causes of poverty, and all strategies that fail to address their increase cannot bring about development at the grass roots. Based on this assumptions as rooted in the micro finance classical theory, this study raised eighteen hypothesis which were tested through multiple regression analysis. Data was gathered from secondary sources of the Central Bank, World Bank Data base, and the National Bureau of statistics. Micro finance operations was proxied by Micro finance Banks (MFB) Micro- credit, Micro- deposits and size of the industry; while grass root development was proxied by rate of employment and aggregate productivity in sectors where the grass root is economically active. The results revealed that Micro- credit did not have any significant impact on employment or any of the sectors’ productivity, but had the potential of increasing employment, and productivity in agriculture. Micro- savings was found to have a significant but negative impact on productivity in agriculture. The results also showed that although it had no significant impact on the other sectors, yet it had the potential to increase productivity in the manufacturing and transport/commerce sectors of the economy. The size of the micro finance industry had a significant and positive impact on employment rate; but a negative yet significant impact on productivity in the real estate/ construction sector. The insignificant impact of micro finance operations and its rather negative impact on most of the sectors which was contrary to our a-priori expectations could be explained by the prevalent problems of funds diversion of MFB clients to consumption expenditures rather than investment, which most often brings them into a debt trap, and most often death of such enterprises. Therefore the study recommended that MFBs introduce and priorities as part of its services, training and informative sessions to educate its clients on the potentials of funds being invested into businesses; priorities its functioning of monitoring and corporate governance in cases of lending, and extend more of its credit facilities to the agricultural sector. It also recommended that the government enhance its provision of basic infrastructure to ease operational difficulties encountered by these firms.
This study investigated the impact of micro finance operations on grass root development, by analyzing its effect on factors that define the major characteristic of the grass root which is poverty. It was identified from literature that low productivity and employment are the major causes of poverty, and all strategies that fail to address their increase cannot bring about development at the grass roots. Based on this assumptions as rooted in the micro finance classical theory, this study raised eighteen hypothesis which were tested through multiple regression analysis. Data was gathered from secondary sources of the Central Bank, World Bank Data base, and the National Bureau of statistics. Micro finance operations was proxied by Micro finance Banks (MFB) Micro- credit, Micro- deposits and size of the industry; while grass root development was proxied by rate of employment and aggregate productivity in sectors where the grass root is economically active. The results revealed that Micro- credit did not have any significant impact on employment or any of the sectors’ productivity, but had the potential of increasing employment, and productivity in agriculture. Micro- savings was found to have a significant but negative impact on productivity in agriculture. The results also showed that although it had no significant impact on the other sectors, yet it had the potential to increase productivity in the manufacturing and transport/commerce sectors of the economy. The size of the micro finance industry had a significant and positive impact on employment rate; but a negative yet significant impact on productivity in the real estate/ construction sector. The insignificant impact of micro finance operations and its rather negative impact on most of the sectors which was contrary to our a-priori expectations could be explained by the prevalent problems of funds diversion of MFB clients to consumption expenditures rather than investment, which most often brings them into a debt trap, and most often death of such enterprises. Therefore the study recommended that MFBs introduce and priorities as part of its services, training and informative sessions to educate its clients on the potentials of funds being invested into businesses; priorities its functioning of monitoring and corporate governance in cases of lending, and extend more of its credit facilities to the agricultural sector. It also recommended that the government enhance its provision of basic infrastructure to ease operational difficulties encountered by these firms.