Economic Diversification and Economic Growth in Nigeria
1 Akarara, Ebierinyo Ayebaemi.
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2 Ouseibai, Seperegha Godsgift Moses, Department of Economics, Faculty of Social Sciences, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria
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The study investigated the effect of economic diversification on the Nigerian economy for the period 1981 to 2020.
The variables considered for the diversification include revenue from agriculture, manufacturing and tourism sectors of the economy. While real gross domestic product growth rate was used as the proxy for economic growth. Analysis was done using the Autoregressive Distributed Lag (ARDL) model. Results shows that, there exist a long-run relationship between the diversification variables and economic growth over the period review. The result further reveals that revenue from agricultural sector and manufacturing sector have a positive significant impact on economic growth in Nigeria. While the revenue from tourism sector does not have any significant impact on the growth of the economy. The study therefore recommends amongst others for the Nigerian government to develop both the manufacturing and agricultural sectors of the economy by providing platforms for easy and quick credit facilities to these sectors. This will reduce the over-bearing dependence on the oil sector in the long-run.
Keywords: Economic Diversification, Economic Growth, Tourism Sector, Agricultural Sector, Manufacturing Sector
Intrinsic Motivation and Employees Performance in Nigerian Banks
1 Prof. Tamunonimim Ngerebo-a, Rivers State University, Port Harcourt, Nigeria.
2 Olalekan Kazeen Balogun, Department of Business Administration, Faculty of Business Administration, Garden City Premier
Business School, Port Harcourt, Rivers State, Nigeria.
This study examined the extent to which intrinsic motivation affects the performance of employees in Nigerian banks. Autonomy, mastery and connection were adopted as the dimensions of intrinsic motivation. The study adopted a quasi-experimental research design with 200 copies of questionnaire administered on staff of four banks in Rivers state. T-score, based on the number of banks studied, was used in testing the stated null hypotheses. The study revealed that autonomy, mastery and connection have significant effects on performance of employees in Nigerian banks. The study recommends that bank executives should intensify the employment of intrinsic motivational environment where autonomy, mastery, and connection complement extrinsic reward system established within the organization.
Keywords: Intrinsic motivation; autonomy; mastery; connection; bank performance
Synergistic Work Systems and Project Execution Success of Selected Oil and Gas Firms in Rivers State
1 Nwaguru, Peter Ozoemena, Department of Project Management, European Global School, Paris-France
2 D.G. Ademe, Senior Lecturer, Department of Marketing Faculty of Management Sciences, University of Port Harcourt, Port Harcourt, Nigeria.
The study investigated the relationship between synergistic work systems and project execution success in oil and gas firms in Rivers State. The study employed a sample of 168 workers across 33 registered oil and gas firms in Rivers State. Primary data as gotten through structured questionnaires were used for empirical analysis based on the structural equation modeling and confirmatory factor analysis estimation. Using stakeholders’ satisfaction as a measure of project execution success, the study observed that the various dimensions of synergistic work systems such as; administrative integration, and synergistic alignment showed a positive relationship with the stakeholders’’ satisfaction. The study, therefore, concluded that improving the synergistic alignment process generally improves stakeholders’ satisfaction. The study, therefore, recommends that; stakeholders’ satisfaction and client satisfaction should be a significant priority in the oil and gas industry even when there are no synergistic work systems. Members of oil and gas firms work systems should share Information on promotional events, demand forecast, price changes, current inventory level, supply disruptions, order status or order tracking, delivery schedules, inventory policy, perceived risk factor, point of sale data, etc., to enhance cost efficiency, project schedule management through operational flexibility and customer patronage. Similarly recommended is a continuous improvement in synergistic work systems of the firms would improve project schedule. Members of the oil and gas work system should endeavor to share, risk, cost, as well as rewards, with other members of the work system, to enhance cost efficiency and project schedule management through operational flexibility.
Keywords: Synergistic works systems; project execution success; oil and gas project; stakeholder satisfaction; project schedule management
Vertical Integration, Physical Distribution and Supply Chain Performance of Confectionery Firms in South-South Zone, Nigeria
Omona-a Hamilton Horsfall, PhD & Nsikan John PhD
The study examined the influence of vertical integration and physical distribution on performance of confectionery product supply chains in south-south part of Nigeria. The study adopted cross- sectional survey design with a sample size of 191 participants (i.e.; 46 confectionery firms and 145 distribution companies) across the six states that make up south-south Nigeria. The structured questionnaire was used to collect primary data and analyzed via the Pearson’s product moment correlation. The findings have shown that commitment and trust in adopting vertical integration as a strategy is crucial for effective physical distribution and efficient supply chain performance in confectionery firms. It was recommended that confectionary supply chain managers should build trust and commitment in the systems as a foundation for adopting vertical integration, and to achieve effective physical distribution and supply chain performance.
Keywords: Vertical integration, Physical distribution, Supply chain performance, Confectionery products