Open Access Original Research Article

Factor Analysis of Small and Medium Enterprises’ Challenges and Its Implications on Poverty and Unemployment in Dekina

Momoh I. Yalo, Akeem Tunde Nafiu

Asian Research Journal of Arts & Social Sciences, Page 1-12
DOI: 10.9734/ARJASS/2016/27215

This study focused on factor analysis of SMEs’ challenges and its implications on poverty and unemployment in Dekina. The study investigated the prime factor influencing SMEs’ entrepreneurial activities, and its relationship with poverty and unemployment in Dekina. In regard of this purpose, quantitative survey research design was used to facilitate good deduction on the basis of analysis of data gathered from the respondents. The study was conducted on 25 SMEs with the total universe of 121 in Dekina, Nigeria. The study adopted structured questionnaires for the survey research. Cronbach’s alpha was used for the test of reliability of instrument and pilot test technique to determine its validity. The study determined its sample size of 93 using Taro Yamane sampling techniques, and adopted multi-stage sampling techniques, and simple random sampling to choose the required samples for the universe. This study analyzed data and tested hypotheses using regression model and correlation analysis. The study found that finance is the prime factor influencing SMEs’ entrepreneurial activities in Dekina, and that the relationship of SMEs’ entrepreneurial activities with poverty and unemployment is negative. Furthermore, findings show that a positive correlation exists between unemployment and poverty in Dekina. The study concluded that where there is distinctively increasing effort by the government towards financing small and medium enterprises, strategic issues like poverty and unemployment may be easily solved. The study therefore recommends that government should encourage increasing level of SMEs entrepreneurial activities through availability of adequate finance in Dekina.

 

Open Access Original Research Article

Social Support Networks Available to Adolescent Mother in Nigeria: Case Study of Ife-East Local Government, Osun- State

Chinyere Chiagozie Enemchukwu, Tolulope Adetayo Fajobi, C. O. Muoghalu

Asian Research Journal of Arts & Social Sciences, Page 1-11
DOI: 10.9734/ARJASS/2016/27282

Adolescent mother with children outside marriage are current issues of debate among people in the world today, especially in the 21st century. Thus, when teenagers get pregnant, the potential harm to the mother, the child and society at large can be very far-reaching, especially because their bodies are not fully developed to meet challenges of carrying the pregnancy and child birth. This study essentially seeks to understand forms of network of social support are available to adolescent mother, challenges faced by adolescent mother and intervention that could be used to improve the health status and well-being of adolescent mother. The study engaged both social practice theory in advancing understanding on the subject matter. The study was conducted in Ife-East Local Government, Osun- State, Nigeria employed qualitative method of data collection using in-depth interview as instruments. Data were analyzed using content analysis. Findings from this study revealed that social support available to adolescent mother are limited and most time comes from the teen mother’s and among other recommendations, strongly recommended Government could also create an enabling environment that will guarantee affordable health and wellbeing for adolescent mothers, also could vigorously pursue policies that will empowered youths and engaged on reproductive health seminar  that will aid in eradication of crisis of disputed paternity and fatherless children.

 

Open Access Original Research Article

Power Supply, Average Manufacturing Capacity Utilization and Unemployment in Nigeria

Atume Emeka, Igberi Christiana Ogonna, Udude Celina Chinyere, Odo Stephen Idenyi

Asian Research Journal of Arts & Social Sciences, Page 1-15
DOI: 10.9734/ARJASS/2016/27683

This study examined power supply; average installed manufacturing capacity utilization and unemployment in Nigeria from 1980 to 2013. Unemployment and unsteady power supply are two common challenges confronting most developing economies. Its impact leads to compounded social vices especially in developing country where there is high rate of its prevalence, against developed economies that are able to support unemployed class with subsidies and social security allowances. Therefore, this research work using trend analysis and advanced econometrics test, ascertained the significant long-run relationship between average manufacturing capacity utilization and power supply in Nigeria and examined the significant causal relationship between average manufacturing capacity utilization and power supply in Nigeria. The result of our analysis shows that there is long run significant relationship that exists among unemployment rate, average manufacturing capacity utilization and power supply in Nigeria but there is no significant causal relationship between average manufacturing capacity utilization and power supply. Based on our findings, the study recommends that government should strengthen the power sector to provide constant electricity to the sector in Nigeria as this will help to lower the total variable cost of the manufacturing sector and increase the net returns as well as the capacity utilization of the sector.

 

Open Access Original Research Article

Compulsion in Studying Mathematics and Career Influence by Mathematics on Student Interest in Mathematics

Samuel Asiedu-Addo, Charles Assuah, Yarhands Dissou Arthur

Asian Research Journal of Arts & Social Sciences, Page 1-8
DOI: 10.9734/ARJASS/2016/27543

Aims: This paper examined the effect of compulsion in studying mathematics and future career influence of mathematics on student interest in mathematics.

Study Design: This paper used mixed mode design to investigate the effect of compulsion and future career influence on the student interest in mathematics.

Place and Duration of Study: Faculty of Technical education as well as faculty of vocational education of the University of Education, Winneba. College of Technology education, Kumasi-Ghana, from January, 2016 to April, 2016.

Methodology: The study targeted all post-secondary students in the faculty of vocational education and the faculty of technical education of the University of Education Winneba-Kumasi Campus. The researchers’ randomly selected one hundred (100) participants were administered with questionnaires. The study used chi-square test of independence as well as logistic regression analysis to evaluate the effect of compulsion and career influence on student interest in mathematics. The result from this study was generated using SPSS version 16.

Results: The paper established no connection between student interest in mathematics and the compulsion in studying mathematics (p>0.05) but established connection for career influence. The study found Career influence to significantly influence student interest P<0.05. However, the both compulsion and future career influence can explain 11% of student interest in mathematics. The study further reveals that both compulsion and future career influence by mathematics does not significantly predict student interest in mathematics.

Conclusion: The study concludes that, students’ interest in mathematics is independent on the compulsion nature of the subject to student but rather depends on the future career influence of mathematics. These findings led to new emerging theory among students-Theory of future anticipation. Students will be serious with mathematics if it will influence their career. The theory requires school leadership maximization by organizing career guidance and counseling for the student to know the importance of mathematics on their future career.

 

Open Access Original Research Article

Impact of Foreign Direct Investment on Stock Market Growth in Nigeria

Odo Stephen Idenyi, Anoke Charity Ifeyinwa, Nwachukwu Johnson Obinna, E. Agbi Promise

Asian Research Journal of Arts & Social Sciences, Page 1-14
DOI: 10.9734/ARJASS/2016/28573

This study examines the impact of foreign direct investment on the growth of the Nigeria stock market from 1984 to 2015 using co integration, vector error correction model and pair wise granger causality econometric process in the estimation of the variables specified in the regression model. The results of the test revealed a long run equilibrium relationship between the dependent and explanatory variables as supported by the existence of four (4) co integration vectors. The findings from the VECM indicated that FDI and EXPT has negative relationship with stock market growth both in the long and short run while IMP and GCF was found to have a positive relationship with stock market growth both in the short and long run periods. The result of the pair wise granger causality indicated no causality between FDI and stock market growth. A unidirectional causality however was found running from MCAP to GCF, IMP to MCAP and FDI to GCF. Based on the above results, the study concludes that foreign direct investment has no significant impact on stock market growth in Nigeria within the period of this study and consequently makes the following recommendations. First, government should by conscious policy ensure that foreign investors sourcing for investment funds in Nigeria are encouraged to go through the Nigeria stock market in raising their funds, in addition to the active participation of all multinational companies operating in Nigeria in the activities of the Nigeria stock market. Secondly, domestic investors involved in the production of exportable goods and services should by positive policy initiatives encouraged to access funds through the Nigeria stock market by the central bank of Nigeria in collaboration with the investor’s commercial bank standing as guarantor.