Policy Options for Low and Sustainable Lending Rates in Nigeria

Ayodele, Olumide S.; Obafemi, Frances N.; Akongwale, Sabastine

doi:10.5901/mjss.2013.v4n3p147

Cited by 5 publications

(6 citation statements)

References 3 publications

(1 reference statement)

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“…Nigeria is an agrarian society of a developing economic and about 65.0 percent of the population residence in rural area by means of farming as economic mainstay. 1,2 Farming is generically practices at subsistence level in the nation FAO, 3 and was grouped into two broad classes of on-farm and off -farm as intended for effective administrative narration of rural and agricultural development extension programs. While on-farm focus on pre-harvest, the offfarm major in post-harvest collectivities of primary processing and marketing, the off-farm generates raw materials to feed most manufacturing industries such as the agro-allied.…”

Section: Background Scientific Researchmentioning

confidence: 99%

Structural normative of consumer textile technologies entrepreneurship and the sustainability in Southwest Rural Areas of Nigeria

2024

JTEFT

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The study examined the sustainability of consumer textile technology entrepreneurship amidst its structural normative in southwest rural area of Nigeria. It explicitly analyzed entrepreneurial cultural traits and economics agility needs related variables of the entrepreneurship influences on sustainability. The study was conducted in the rural southwestern region of Nigeria. Four states (Lagos, Ondo, Oyo, and Ogun) were randomly selected from the region. Multi-stage and stratified sampling techniques were used in selecting 1,649 consumer textile entrepreneurs across the states. Questionnaire, key informants and focus group discussion (FGD) guides were employed in data collection. While descriptive statistics were used in describing the data, correlation analysis was applied in establishing direction of influence between sustainability and structural normative of consumer textile technologies entrepreneurship Sustainability level of the entrepreneurship in southwest rural area of Nigeria was average. Respondents were independent entrepreneurs of favorable attitude towards the enterprise. While 52.7 percent were averagely proactive, 58.8 percent were averagely risk-averse with exhibition of low creativities skill on the entrepreneurship. The entrepreneurs possessed average knowledge of competitive advantage and networking strategies needs on the job but skills practices was poor. While 33.0 percent exhibits fairly good managerial skill on the job, 20.8 percent displayed high, and 46.2 percent was low. CTT entrepreneurial traits needs related variables {proactive aptitude (r = 0.620), autonomy value (r = 0.591), fatalism (r = -0.317), marketing system (r=0.574), disposition (r= 0.409), risk averse (r= -0.344), and economic agility needs {(competitive strategic skill (r = 0.318), networking (r = 0.501), labor accessibility (r = 0.321)} showed significant relationship with sustainability. It was established that respondent’s proficient in CTTE entrepreneurial traits related variables and economic agility were paramount in the sustainability, nevertheless there is need to establish related schools or vocational training centers for skill acquisitions and updating on the entrepreneurship in the studied area. Change agents and other related organizations that were involve in technology transfer and rural development should create awareness program on potential values and benefits of the entrepreneurship mostly in turning wastes to wealth. This would enhance enlightenment for building better positive attitudes toward CTTE. The environment must be made livable through job creation and accessible infrastructure to prevent migration and attracts youth’s influxes into the community. This would also enhance labour availability and patronage. Standard cluster market should be established in the vicinity to enhance expertise and inputs supply.

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Section: Background Scientific Researchmentioning

confidence: 99%

Structural normative of consumer textile technologies entrepreneurship and the sustainability in Southwest Rural Areas of Nigeria

2024

JTEFT

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“…Unmet 33 percent is Nigeria's unemployment rate in 2022 *As posited by: (Inegbenebor et al, 2018;Ayodele et al, 2013;Ojo, 2012;Sanubi and Akpotu, 2015).…”

Section: Unemploymentmentioning

confidence: 99%

Innovative Sustainability in an Emerging Economy: Nigeria’s Economic Diversification and History With Development Goals

Onyeka,

Onyeka

2023

Socio. econ. pol. stud.

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Nigeria’s emerging economy has gone through a number of phases and dependencies since independence in 1960 and is currently Africa’s largest economy. The majority of government revenue comes from oil but the oil economy presents a lot of challenges not least from a sustainability perspective. Partly to address some of these challenges, Nigeria has also gone through various internal and global development programmes including the Millennium Development Goals and currently the Sustainable Development Goals – with varying degrees of performance recorded. This study systematically reviews Nigeria’s history with these targets and makes economic diversification recommendations based on the findings. Specifically, the study uniquely and chronologically evaluates the evolution history of the Nigerian economy and for the first time, presents a much-needed analysis of rapid diversification potentials for Nigeria underpinned by an established and innovative sustainability framework.

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“…Agriculture is one of the most important factors contributing to the economic growth of Nigeria in the 70s. Nigeria has 75 percent of its land suitable for agriculture, but only 40% is cultivated [1]. Agriculture alters the natural cycling of nutrients in soils.…”

Section: Introductionmentioning

confidence: 99%

Efficacy of Mycorrhizae Based Manure on the Vegetative Growth of Rice Grown within Bauchi State, Nigeria

Ladan¹,

Deba²,

Muhammad³

2023

AJPS

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Background: Rice is one of the staple crops in the African continent for its ability to give maximum yields which can help to achieve food security under the sustainable development goals (SDGs); to those effects, the incessant use of inorganic fertilizer has been employed which proved to have devastating effect in the environment and the ecosystem at large. Therefore, the thirst for an alternative method to ensure bumper production of rice cannot be overemphasized so as to prevent soil alteration and environmental damage. Objective: This study aimed at determining the efficacy of mycorrhizae-based manure on the vegetative growth of rice as compared to inorganic fertilizer and its sustainability. Methods: Soil samples were collected from seven ( 7) locations (M1 -M7). Mycorrhiza were isolated from the soils and mass produced, mixed with organic waste to form manure (biofertilizer) and were applied at concentrations of 50 g, 100 g and 150 g to the potted rice in tree (3) replicates. Growth parameters observed were plant height, girth diameter, leaf broadness and leaf number. Results: The result revealed mycorrhizal spore count ranging from 1.7 × 10 7 -to 4.1 × 10 7 across the locations. The mycorrhizae-based manure gives the highest plant height of 45.33 cm as compared with the least plant height of 18.5 cm from the inorganic fertilizer. Furthermore, the biofertilizer gives a positive influence on the other parameters observed in comparison with the inorganic fertilizer. Statistical analysis shows that, the means of all the parameters except for leaf numbers were significantly different at p ≤ 0.05 across the sampling locations. Conclusions: Mycorrhizae-based manure proves to be an effective replacement of inorganic fertilizer that can boost rice production at a cheaper cost.

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Policy Options for Low and Sustainable Lending Rates in Nigeria

Abstract: The average prime and maximum lending rates were as high as 16.96

Cited by 5 publications

References 3 publications

Structural normative of consumer textile technologies entrepreneurship and the sustainability in Southwest Rural Areas of Nigeria

Structural normative of consumer textile technologies entrepreneurship and the sustainability in Southwest Rural Areas of Nigeria

Innovative Sustainability in an Emerging Economy: Nigeria’s Economic Diversification and History With Development Goals

Efficacy of Mycorrhizae Based Manure on the Vegetative Growth of Rice Grown within Bauchi State, Nigeria

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