by Admin | May 29, 2025
This study develops an Economic Order Quantity (EOQ) model for ameliorating inventory items subject to a time-dependent quadratic demand rate and partial backlogging. Amelioration, where the quality or quantity of stored items increases over time as observed in the items like poultry, fish, fruit and piggery that are incorporated into the model alongside demand patterns that accelerate quadratically. The model also allows for partial shortages, with backlogging rates dependent on customer waiting time. Using calculus-based methods, a cost function was formulated to determine the optimal cycle length that minimizes total variable costs. Numerical examples validate the model, and sensitivity analysis identifies the key parameters that influence optimal cycle length, total cost, and order quantity. The result shows that parameters like amelioration rate, cost components, and demand coefficients significantly influence the inventory decisions. This model offers a practical framework for inventory management in industries dealing with improving items and non-linear customer demand behavior.
by Admin | May 27, 2025
This study was conducted to assess the anchor borrowers’ programme productivity among small-scale rice farmers in Kano State, Nigeria. A multi-stage sampling technique was used to select 160 respondents from whom data were collected using questionnaires. Data were analyses using frequency, percentage, mean, Ordinary Least Square (OLS) multiple regression and Gross margin analysis. The majority of the respondents were between the ages of 32 and 52 years and the mean average of 46 years. Majority were male (94%) and married (86.9%). About 63.8% of rice farmers had formal education while 36.2% of the rice farmers had Quranic education. The mean household size, farming experience were 8 members and 16 years respectively. About 61.5% had farm size between 0.40-1.02 hectares and average farm size was estimated to be 1.14 hectares. The study further show that the total variable costs of the production was N326,520 and total revenue realized from the farm is ₦560,000.00 with a gross margin of ₦233,480.00. The The profit for every naira invested was ₦1.72K. The coefficient of rice seed (0.31), fertilizer (0.12), farm size (0.41) were positive and significant at 1% level of probability which implies that an increase in the quantity of seeds, fertilizer and land size would lead to 31%, 12% and 41% increase in the yield respectively. A positive gross margin with increase in return per naira invested showed that small scale rice farming under ABP is profitable. The study recommends that there is need for ABP Project Management Team (PMT) to digitize the ABP enrollment process and provide adequate training to farmers on banking policies as well as procedures to prevent untimely disbursement of input and fund.
by Admin | May 21, 2025
Consumer goods manufacturing companies constitute a large part of the real sector of the Nigerian economy. Most of their inputs are subjected to volatile foreign exchange markets and ever-rising inflation, both of which are determined by monetary policy manipulation. This study examined the effect of monetary policy on the financial performance of quoted consumer goods manufacturing firms in Nigeria. Focusing on the monetary policy variables such as Money Supply (MSP), Interest Rate (INTR), Exchange Rate (EXCR), and Inflation Rate (IFR), while the financial performance aspect was proxied by Return on Assets (ROA). The study used an ex-post facto research design and obtained secondary time series and cross-sectional (TSCS) panel data of the twenty-one (21) quoted consumer goods manufacturing firms in Nigeria for the years 2014 to 2024. With the aid of E-Views 12.0, the data were subjected to multiple regression analysis using the Cross-section random Panel Least Squares (PLS) technique. The study revealed that Interest rate and Exchange Rate (EXCR) have a significant effect on the financial performance of quoted consumer goods manufacturing firms in Nigeria while money supply and inflation rate have insignificant effects. Also, while money supply and inflation rate have a positive effect on the financial performance of quoted consumer goods manufacturing firms in Nigeria, interest rate and exchange rate have negative effects. Based on these findings, the study concluded that interest rates (INTR) and Exchange Rate (EXCR) emerge as significant and influential factors affecting the financial performance of these firms. The strong negative relationship between interest rates and Return on Assets (ROA) underscores the sensitivity of these companies to changes in borrowing costs and consumer spending patterns influenced by interest rate fluctuations. Based on the conclusions it was recommended that firms should explore financial instruments such as interest rate swaps or forward rate agreements to hedge against interest rate fluctuations if return on assets is anything to come by.
by Admin | May 21, 2025
Consumer goods manufacturing companies constitute a large part of the real sector of the Nigerian economy. Most of their inputs are subjected to volatile foreign exchange markets and ever-rising inflation, both of which are determined by monetary policy manipulation. This study examined the effect of monetary policy on the financial performance of quoted consumer goods manufacturing firms in Nigeria. Focusing on the monetary policy variables such as Money Supply (MSP), Interest Rate (INTR), Exchange Rate (EXCR), and Inflation Rate (IFR), while the financial performance aspect was proxied by Return on Assets (ROA). The study used an ex-post facto research design and obtained secondary time series and cross-sectional (TSCS) panel data of the twenty-one (21) quoted consumer goods manufacturing firms in Nigeria for the years 2014 to 2024. With the aid of E-Views 12.0, the data were subjected to multiple regression analysis using the Cross-section random Panel Least Squares (PLS) technique. The study revealed that Interest rate and Exchange Rate (EXCR) have a significant effect on the financial performance of quoted consumer goods manufacturing firms in Nigeria while money supply and inflation rate have insignificant effects. Also, while money supply and inflation rate have a positive effect on the financial performance of quoted consumer goods manufacturing firms in Nigeria, interest rate and exchange rate have negative effects. Based on these findings, the study concluded that interest rates (INTR) and Exchange Rate (EXCR) emerge as significant and influential factors affecting the financial performance of these firms. The strong negative relationship between interest rates and Return on Assets (ROA) underscores the sensitivity of these companies to changes in borrowing costs and consumer spending patterns influenced by interest rate fluctuations. Based on the conclusions it was recommended that firms should explore financial instruments such as interest rate swaps or forward rate agreements to hedge against interest rate fluctuations if return on assets is anything to come by.
by Admin | May 14, 2025
This study investigated perceived influence of social media use on child-rights advocacy in Ondo State. The study was guided by five objectives. Anchored on Agenda-setting Media theory and Social Marketing theory, the study was conducted with survey method with a population of 1,440 and a sample of 360. Findings of the study revealed that respondents are well aware of the child-rights advocacy in the various social media such as Facebook, Twitter, Instagram, WhatsApp which are more frequently, used than traditional channels of communication such as radio, television, newspaper etc. The social media give opportunities to its users to participate in discussion. The challenges of social media on child-rights advocacy are cost of smartphones, data purchase, maintenance, frequent power outage, internet service failure and the fact that some website owners or bloggers do not show interest in child-rights advocacy. Respondents opined that child-rights advocates should not limit their advocacy to only social media. They want import duties on smartphones and their accessories reduced and that federal government should address the problems of power failure so that the social media users can re-power their devices. The study therefore recommended that children at all levels should be more enlightened on the issues of child-rights to awaken them to their rights. Parents or guardians should be more enlightened on child-rights laws through other channels of communication.
