Nigeria’s dwindling external reserves and exchange rate fluctuations have been major sources of c... more Nigeria’s dwindling external reserves and exchange rate fluctuations have been major sources of concern to major stakeholders in recent times. Adopting a longitudinal research design, this study examines the influence of exchange rate movements on economic growth in Nigeria, using annual time series data from 1981 – 2014 obtained from the Central Bank of Nigeria Statistical Bulletins. Economic growth is the dependent variable proxied by Real Gross Domestic Product (RGDP) while the explanatory variables are nominal exchange rate, inflation rate as well as growth in money supply. The unit root test indicates that all variables are I(1) while Johansen cointegration test reveals a long run relationship between economic growth and the explanatory variables. The Error Correction Model indicates a negative short run causality running from nominal exchange rate to RGDP, and from growth in money supply to RGDP in Nigeria. The error correction term indicates that departure from long run equil...
International journal of innovative research and development, 2016
The study examines the role play by banks in sustainable development through green innovative 3P’... more The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the 3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business tran...
The main focus of this work was the Factors Affecting Cost of Construction Projects in Nigeria (A... more The main focus of this work was the Factors Affecting Cost of Construction Projects in Nigeria (A Case Study of Road and Building Firms in Nigeria). The objective of the study was to find out the factors affecting construction project cost in Akure a Southwest city in Nigeria and proffer solutions on how construction project cost can be minimized. The work involves cross–sectional survey of clients, consultants and contractors in construction-related establishments in Akure.It shows that there is a general agreement between all the parties in construction industry on the importance of factors affecting cost of construction projects in Nigeria; their view identified five most important factors which include: cost of material, economic instability, additional work, poor financial control on site, wrong method of estimation/inaccurate or poor estimation of original cost and poor project management.
Journal of Resources Development and Management, 2020
Environmental awareness is a key to promoting greening initiatives within the university campus. ... more Environmental awareness is a key to promoting greening initiatives within the university campus. People who have environmental awareness are conscious of the footprint they leave on the environment. The study combines participatory action research with survey design to investigate the stakeholders' awareness level for greening project initiatives in the Federal University of Technology, Akure, Nigeria. A sample size of 386 comprising the proportions of three stakeholders – staff, students and commercial service providers were purposively selected and used for the study. Primary data were collected using a structured questionnaire with acceptable reliability of 0.930. The study found that 70 per cent of the university stakeholders are largely familiar with the term 'environmental protection or sustainability'. Using Relative Frequency Index, it was discovered that campus stakeholders often perform/use latent greening activities involving efficient transportation (0.671), ...
Performing their role as think tank and model of the world in environmental management, universit... more Performing their role as think tank and model of the world in environmental management, universities need a more inclusive and “whole-of-university” approach to environmental issues. Accordingly, this study adopted Participatory Action Research (PAR) design to the analysis Environmental Footprint (EF) factors on university campus using Multi-criteria Analysis (MCA) and System Dynamics (SD) Model. A group of 13 informants who are environmental experts on The Federal University of Technology, Akure (FUTA), Nigeria campus were purposively selected to form an environmental assessment team for the study. Primary data were collected using environmental factors assessment form designed for the purpose after initial aggregation of contents from secondary sources. Multi-Criteria Analysis (MCA) revealed that energyprint (48.00 per cent) is the highest driver of environmental footprint followed by transportprint (30.20 per cent) and wasteprint (21.80 per cent) respectively while 'survival ...
Performing their role as think tank and model of the world in environmental management, universit... more Performing their role as think tank and model of the world in environmental management, universities need a more inclusive and “whole-of-university” approach to environmental issues. Accordingly, this study adopted Participatory Action Research (PAR) design to the analysis Environmental Footprint (EF) factors on university campus using Multi-criteria Analysis (MCA) and System Dynamics (SD) Model. A group of 13 informants who are environmental experts on The Federal University of Technology, Akure (FUTA), Nigeria campus were purposively selected to form an environmental assessment team for the study. Primary data were collected using environmental factors assessment form designed for the purpose after initial aggregation of contents from secondary sources. Multi-Criteria Analysis (MCA) revealed that energyprint (48.00 per cent) is the highest driver of environmental footprint followed by transportprint (30.20 per cent) and wasteprint (21.80 per cent) respectively while 'survival ...
Abstract:
The study examines the role play by banks in sustainable development through green inno... more Abstract: The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the 3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business transactions, respect for human right and financial inclusion among others. Effective green innovative banking 3P’s contribute significantly to sustainable development with a positive correlation of 0.367 and a significant probability value of 0.004 less than 0.01 (1-tailed). Despite the level of effectiveness of these 3P’s customers still complain about delay in the replacement of ATM cards, frauds associated with the use of green innovative banking 3P’s and inaccessibility of service centres to visually impaired people which is the reason why the study recommended timely response to complaints on the 3P’s concerned as this is a major way to improve their effectiveness.
The study identified the factors affecting cost of construction project in Nigeria, their effects... more The study identified the factors affecting cost of construction project in Nigeria, their effects and suggested how cost can be minimized. It is a cross–sectional survey of 51 stakeholders (clients, consultants and contractors) in construction related establishments selected using convenient-snowball sampling method out of which 43 of the questionnaires were used to arrive at the findings. It was predicted that there is no significant relationship between the perceptions of the three stakeholders on the importance of factors affecting construction projects cost in Nigeria. There is a general relationship between the perceptions of clients, consultants and contractors on the importance of factors affecting cost of construction projects. The five most important factors are cost of material, economic instability, additional work, poor financial control on site, wrong/inaccurate method of estimation and poor project management while three most important effects are project abandonment, liability of companies or firms due to bad debt or bankruptcy, bad reputation and inability to secure project finance. Since cost is important to project success, the consultants (project manager) must ensure proper cost control, allow sufficient time for feasibility studies, design, planning and tender submission and use proper/realistic project costing and financing.
Nigeria’s dwindling external reserves and exchange rate fluctuations have been major sources of c... more Nigeria’s dwindling external reserves and exchange rate fluctuations have been major sources of concern to major stakeholders in recent times. Adopting a longitudinal research design, this study examines the influence of exchange rate movements on economic growth in Nigeria, using annual time series data from 1981 – 2014 obtained from the Central Bank of Nigeria Statistical Bulletins. Economic growth is the dependent variable proxied by Real Gross Domestic Product (RGDP) while the explanatory variables are nominal exchange rate, inflation rate as well as growth in money supply. The unit root test indicates that all variables are I(1) while Johansen cointegration test reveals a long run relationship between economic growth and the explanatory variables. The Error Correction Model indicates a negative short run causality running from nominal exchange rate to RGDP, and from growth in money supply to RGDP in Nigeria. The error correction term indicates that departure from long run equil...
International journal of innovative research and development, 2016
The study examines the role play by banks in sustainable development through green innovative 3P’... more The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the 3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business tran...
The main focus of this work was the Factors Affecting Cost of Construction Projects in Nigeria (A... more The main focus of this work was the Factors Affecting Cost of Construction Projects in Nigeria (A Case Study of Road and Building Firms in Nigeria). The objective of the study was to find out the factors affecting construction project cost in Akure a Southwest city in Nigeria and proffer solutions on how construction project cost can be minimized. The work involves cross–sectional survey of clients, consultants and contractors in construction-related establishments in Akure.It shows that there is a general agreement between all the parties in construction industry on the importance of factors affecting cost of construction projects in Nigeria; their view identified five most important factors which include: cost of material, economic instability, additional work, poor financial control on site, wrong method of estimation/inaccurate or poor estimation of original cost and poor project management.
Journal of Resources Development and Management, 2020
Environmental awareness is a key to promoting greening initiatives within the university campus. ... more Environmental awareness is a key to promoting greening initiatives within the university campus. People who have environmental awareness are conscious of the footprint they leave on the environment. The study combines participatory action research with survey design to investigate the stakeholders' awareness level for greening project initiatives in the Federal University of Technology, Akure, Nigeria. A sample size of 386 comprising the proportions of three stakeholders – staff, students and commercial service providers were purposively selected and used for the study. Primary data were collected using a structured questionnaire with acceptable reliability of 0.930. The study found that 70 per cent of the university stakeholders are largely familiar with the term 'environmental protection or sustainability'. Using Relative Frequency Index, it was discovered that campus stakeholders often perform/use latent greening activities involving efficient transportation (0.671), ...
Performing their role as think tank and model of the world in environmental management, universit... more Performing their role as think tank and model of the world in environmental management, universities need a more inclusive and “whole-of-university” approach to environmental issues. Accordingly, this study adopted Participatory Action Research (PAR) design to the analysis Environmental Footprint (EF) factors on university campus using Multi-criteria Analysis (MCA) and System Dynamics (SD) Model. A group of 13 informants who are environmental experts on The Federal University of Technology, Akure (FUTA), Nigeria campus were purposively selected to form an environmental assessment team for the study. Primary data were collected using environmental factors assessment form designed for the purpose after initial aggregation of contents from secondary sources. Multi-Criteria Analysis (MCA) revealed that energyprint (48.00 per cent) is the highest driver of environmental footprint followed by transportprint (30.20 per cent) and wasteprint (21.80 per cent) respectively while 'survival ...
Performing their role as think tank and model of the world in environmental management, universit... more Performing their role as think tank and model of the world in environmental management, universities need a more inclusive and “whole-of-university” approach to environmental issues. Accordingly, this study adopted Participatory Action Research (PAR) design to the analysis Environmental Footprint (EF) factors on university campus using Multi-criteria Analysis (MCA) and System Dynamics (SD) Model. A group of 13 informants who are environmental experts on The Federal University of Technology, Akure (FUTA), Nigeria campus were purposively selected to form an environmental assessment team for the study. Primary data were collected using environmental factors assessment form designed for the purpose after initial aggregation of contents from secondary sources. Multi-Criteria Analysis (MCA) revealed that energyprint (48.00 per cent) is the highest driver of environmental footprint followed by transportprint (30.20 per cent) and wasteprint (21.80 per cent) respectively while 'survival ...
Abstract:
The study examines the role play by banks in sustainable development through green inno... more Abstract: The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the 3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business transactions, respect for human right and financial inclusion among others. Effective green innovative banking 3P’s contribute significantly to sustainable development with a positive correlation of 0.367 and a significant probability value of 0.004 less than 0.01 (1-tailed). Despite the level of effectiveness of these 3P’s customers still complain about delay in the replacement of ATM cards, frauds associated with the use of green innovative banking 3P’s and inaccessibility of service centres to visually impaired people which is the reason why the study recommended timely response to complaints on the 3P’s concerned as this is a major way to improve their effectiveness.
The study identified the factors affecting cost of construction project in Nigeria, their effects... more The study identified the factors affecting cost of construction project in Nigeria, their effects and suggested how cost can be minimized. It is a cross–sectional survey of 51 stakeholders (clients, consultants and contractors) in construction related establishments selected using convenient-snowball sampling method out of which 43 of the questionnaires were used to arrive at the findings. It was predicted that there is no significant relationship between the perceptions of the three stakeholders on the importance of factors affecting construction projects cost in Nigeria. There is a general relationship between the perceptions of clients, consultants and contractors on the importance of factors affecting cost of construction projects. The five most important factors are cost of material, economic instability, additional work, poor financial control on site, wrong/inaccurate method of estimation and poor project management while three most important effects are project abandonment, liability of companies or firms due to bad debt or bankruptcy, bad reputation and inability to secure project finance. Since cost is important to project success, the consultants (project manager) must ensure proper cost control, allow sufficient time for feasibility studies, design, planning and tender submission and use proper/realistic project costing and financing.
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Papers by Olaoluwa Aasa
The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and
processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative
effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the
3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS
banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative
banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality
and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the
product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business
transactions, respect for human right and financial inclusion among others. Effective green innovative banking 3P’s contribute
significantly to sustainable development with a positive correlation of 0.367 and a significant probability value of 0.004 less than
0.01 (1-tailed). Despite the level of effectiveness of these 3P’s customers still complain about delay in the replacement of ATM
cards, frauds associated with the use of green innovative banking 3P’s and inaccessibility of service centres to visually impaired
people which is the reason why the study recommended timely response to complaints on the 3P’s concerned as this is a major
way to improve their effectiveness.
The study examines the role play by banks in sustainable development through green innovative 3P’s (products, paths and
processes). The study is a cross-sectional survey of deposit money banks’ customers in Akure metropolis. The relative
effectiveness index (REI) and Pearson correlation were used to capture the effectiveness and the association existing between the
3P’s and sustainable development. The study found that automated teller machine, mobile banking application, mobile/SMS
banking or short code banking, point of sales (POS), email, social banking and online banking are the major green innovative
banking 3P’s common to banks. These 3P’s are more effective in areas of installation/first use experience/registration, quality
and performance of the expected services unlike network/service availability, bank’s response to complaint from usage of the
product and cost of usage that are of least effectiveness. The 3P’s effectively contribute to easy access to fund for business
transactions, respect for human right and financial inclusion among others. Effective green innovative banking 3P’s contribute
significantly to sustainable development with a positive correlation of 0.367 and a significant probability value of 0.004 less than
0.01 (1-tailed). Despite the level of effectiveness of these 3P’s customers still complain about delay in the replacement of ATM
cards, frauds associated with the use of green innovative banking 3P’s and inaccessibility of service centres to visually impaired
people which is the reason why the study recommended timely response to complaints on the 3P’s concerned as this is a major
way to improve their effectiveness.