International Journal on Economics, Finance and Sustainable Development

Participating Stakeholders in Decision Making of Tertiary Institutions in Nigeria as Panacea for Tertiary Education Development in Nigeria

Niyi Jacob Ogunode, Afolabi Iyabode Omolola, Okani Doris Ugo-onyeka — Sun, 09 Feb 2025 11:23:13 +0000

This paper looked at the benefits of participating stakeholders in the decision-making of tertiary institutions in Nigeria. The paper is a position paper that depends on secondary data. The secondary data were collected from online and print publications. The paper identified a stable academic environment, effective implementation of tertiary education goals, quality tertiary education and job satisfaction, and adherence to democratic principles, as those things that lead to substantive decisions and outcomes and lead to accountability and transparency in the system as benefits of participating stakeholders in the decision making of tertiary institutions in Nigeria. The paper concluded that the participation of stakeholders in the decision-making of tertiary institutions in Nigeria is vital to the realization of tertiary education goals in Nigeria. The paper recommends that the government and the agencies in charge of tertiary education management in Nigeria should ensure stakeholders in the Nigerian tertiary institutions are always engaged and consult before making policies and taking a decision that directly and indirectly affects the operation and welfare of the staff in the tertiary institutions in Nigeria.

Main Trends and Directions of External Migration

Salimov Sherzod Yunusovich — Thu, 13 Feb 2025 07:06:33 +0000

This study takes into account these macroeconomic conditions, but focus is shifted to the reasons for the change in migration processes in terms of poorly understood sociocultural factors that affect foreign labor migration and reintegration of labor migrants in Uzbekistan. The article is based on reports from specialized studies of foreign labor migration and employment conducted by the Ministry of Employment and Labor Relations of Uzbekistan, publications of studies by international organizations, and data from indepth interviews with migrants and their families. The research revealed that under the influence of macroeconomic conditions, the change in the sociocultural context in 2006–2019 contributed to expansion of the geography of migration flows from Uzbekistan, the emergence of such phenomena as the “feminization” of migration and its “rejuvenation” against the background of certain elements of egalitarianism in an initially patriarchal society.

Global Financial Crisis (2007-2008) and Foreign Direct Investment (FDI) Inflows' Resilience to other Capital Flows in Sub-Sahara African (SSA) Countries

Onu King Ezebunwa — Fri, 21 Feb 2025 04:28:01 +0000

: This study examines the effect of global financial crisis (2007-2008) on foreign direct investment inflows' resilience to other capital flows to selected Sub-Sahara African (SSA) Countries. This study was motivated by the assertion that foreign direct investment (FDI) inflows to developing economies are resilient than other capital inflows in 2007-2008 global financial crisis that originated in developed world. Specifically, the study ascertained whether foreign direct investment (FDI) inflow is significantly resilient than foreign portfolio investment (FPI) inflow in SSA. Using panel datasets from 26 SSA countries, the study explored non-stationarity and heterogeneous – based dynamic panel estimators namely, Mean Group (MG) and Pooled Mean Group to empirically implement the objectives. The findings of the study amongst others revealed significant evidence of the resilience of the inflow of foreign direct investment to SSA during the global financial crisis period of (2007 – 2008), contrary to the wide-spread assertion that developing economies are immune to the impact of the crisis. Also, we found that the foreign direct investment (FDI) inflow is significantly resilient than foreign portfolio investment (FPI) inflows in SSA. This study recommends the policies that may stabilize growth of FDI inflows. Thus, more foreign investors should be attracted which should increase investment opportunities and growth in the region. Greater attention should be given to FDI whenever global financial crisis is experienced.

Inflation and Teachers Job Performance in Public Schools in Nigeria

Ukpoju Bartholomew Ojochenemi, Cosmas Victor, Abayomi Isaac Araiyegbemi — Tue, 25 Feb 2025 00:00:00 +0000

The effect of inflation on teachers' work performance in Nigerian public schools was covered in this essay. The study is a review that relies on secondary sources. Print and internet publications provided the secondary data. The study found that public school teachers' work performance has been adversely impacted by inflation. The study also demonstrated how teachers' standard of living has been impacted by inflation, which has resulted in them walking to school and paying more for educational materials that are essential to curriculum implementation. The study makes the following policy recommendations in light of this finding: the government ought to raise the pay and benefits of public school teachers. The cost of educational materials for instructors and pupils in public schools ought to be covered by the government. In order to facilitate the transportation of teachers and pupils to and from public schools, both public and private organisations should provide school buses.

Supply Chain Management and Performance of Juhel Pharmaceutical Company, Awka, Anambra State, Nigeria

Adaora Florence Okeke (Ph.D) — Tue, 25 Feb 2025 00:00:00 +0000

This study examines the effect of supply chain management on performance of Juhel pharmaceutical company, Awka, Anambra State, Nigeria. The study adopted survey research design. The population of the study comprised sixty-seven (67) employees of Juhel Pharmaceutical Company, Awka, Anambra State. Questionnaire was employed as the instrument of data collection. The study found that strategic supplier partnership, customer relationship and the level and quality of information sharing have significant effect on the performance of Juhel pharmaceutical company. The study concluded that supply chain management has significant positive effect on performance. The study recommended that companies should consider adopting supply chain practices particularly strategic supplier partnership fully as the potential benefits to be realized are enormous compared to the initial and operational cost of implementing the practice.

Using Markov Chain to Forecast Stock Price Movement in The Iraq Stock Exchange

Sabbar Thijeel Odah — Mon, 03 Mar 2025 00:00:00 +0000

The purpose of this paper is to apply "Markov chain" modeling to the Iraq Stock Exchange Index (ISX60) over a period of 231 trading days, from January 02, 2024, to December 30, 2024. The prediction was made by identifying three cases of stock price movement: height, low, and stability. The transition matrix and probability vector for the Markov chain were created, and the results showed that the probability of a decrease in the Iraq Stock Exchange Index prices was the highest, reaching (0.489), the probability of a rise in prices was the lowest, reaching (0.177), and the probability of stock price stability was (0.33). The purpose of this study was to raise local investors' understanding of the Markov chain model's predictive power to aid in investment decision-making.

Evaluation of The Trading Strategy Using The "Moving Average" in The Iraqi Stock Market

Sabbar Thijeel Odah — Mon, 03 Mar 2025 00:00:00 +0000

This paper aims to evaluate the trading strategy using simple moving average with different lengths of "10 days, 20 days, 50 days, 100 days, 150 days, 200 days" on the Iraq Stock Exchange (ISX60) index during (109) trading days, and compare it with the simple buy and hold strategy. The findings show that, despite the Iraq Stock Exchange's lack of efficiency at the basic level, trading with moving averages may predict price movement and, after subtracting trading expenses, produces profits that are higher than those of the buy and hold strategy. Additionally, compared to other moving averages, the 20-day simple "moving average" is more predictive.

Analysis of Factors Affecting The Success of Strategic Change Initiatives in The Management Consulting Sector

Hosam Salem AlNajem — Thu, 06 Mar 2025 00:00:00 +0000

Strategic change initiatives are essential tools that companies use to improve performance and achieve long-term goals. This study aims to analyze the factors influencing the strategic change initiative in a management consulting firm in Jeddah, Saudi Arabia. Quantitative analysis was used through a survey using a questionnaire distributed electronically to 100 employees, and the researcher received 81 response o. The research conducted a statistical analysis of the questionnaire to identify the success and failure factors affecting the initiative and evaluate the company’s performance. The results showed that effective communication with employees and developing a clear change message were critical factors that contributed to the success of the initiative. Clearly communicating the change vision to employees helped enhance their understanding of and commitment to the initiative’s goals, while the active participation of all members affected by the change was essential to achieving success. The commitment and support of senior management also played a vital role in directing and implementing the initiative. On the other hand, the results showed that resistance to change, the absence of standard principles, and adopting short-term initiatives without considering long-term goals were the main factors hindering the achievement of the initiative’s goals. Other obstacles included hiring non-specialized employees, lack of integration in project management, and effective monitoring of processes. The results showed that the initiative had a positive impact on the company’s performance, as employee satisfaction and the quality of services provided improved, customer satisfaction increased, and productivity and performance efficiency improved.

Rethinking The Concept of Economic Rehabilitation of Niger Delta Youths Through The Amnesty Programme: Towards A Literature Review

Veronica Eke, Maccarthy Maccrobert Ebi-Ikpolada — Wed, 19 Mar 2025 16:44:39 +0000

Using literature review approach, the study focused on rethinking the concept of rehabilitation of Niger Delta youths through the amnesty programme. Relying extensively on secondary sources, the paper conceptualised the penal and medical dimensions of rehabilitation, discussed types of rehabilitation for offenders or inmates, conceptualised rehabilitation as a goal or an ideology of punishment of offenders, explained criticisms against rehabilitation, and appraised Norway’s principle of normalization and rehabilitation. It also assessed the nexus between amnesty programme and human capital development in Nigeria’s Niger Delta, and the future of rehabilitation programmes. Implicit in the literature review is the fact that the amnesty programme has failed to adequately promote human capital development and empowerment of Niger Delta youths.

Prospects and Challenges for The African Continental Free Trade Area (AFCFTA) in Africa’s Economic Growth

Obari Alale Osaro — Wed, 19 Mar 2025 16:53:48 +0000

The paper discusses the prospects and challenges of the African Continental Free Trade Agreement (AfCFTA) as an agent of development in Africa. It is a well-known fact that Africa occupies the lower rungs of the ladder in the global index of development. As a result, many of the people of Africa live in serious conditions of poverty. To deal with the problem the African Union (AU) established AfCFTA as one of the agents that can be used to promote development on the continent. The author used a number of primary sources like the papers of the Economic Commission for Africa (ECA), AU papers, and secondary sources like books and articles to carry out the research. The Endogenous theory which posits that economic growth and development are best promoted by the use of internal resources is used as the major theoretical framework. Overall, the study revealed that AfCFTA can provide the enabling framework to foster a strong intra-African trade and eventually engender growth and development on the continent. However, the paper identifies the non-development character of the state in postcolonial Africa weak infrastructural base, and the activities of the erstwhile colonial masters as factors that can hamper the success of AfCFTA.

Green Economy

Temirov Azizbek Voit oʻgʻli — Wed, 26 Mar 2025 08:25:10 +0000

This investigation explores Uzbekistan's conversion to a green economy while filling gaps in knowledge about combined assessments of environmental and economic and social elements for sustainability development. A mixed-methods methodology entailed gathering quantitative data by conducting survey assessments of stakeholders while additionally conducting qualitative interviews with policymakers and industry experts and leadership members. Research findings demonstrated renewable energy together with resource efficiency as opportunities for sustainable development while financial limitations as well as slow institutional changes served as main impediments. According to research findings policymakers must develop specific framework policies and dedicate significant resources toward eco-friendly technology development and launch awareness programs that aim at specific targets. A complete approach to sustainability must become a policy priority to ensure resilient growth inclusive of all populations according to Uzbekistan's specific socio-economic features.