Browsing by Author "Adesina, M.A"

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Effect of Liquidity Management on Profitability of Commercial Banks in Nigeria
(2021) Olaleye, O.A; Adesina, M.A; Yusuf, S.A
Commercial banks in Nigeria are more engrossed with profit maximization and as such they tend to neglect the importance of liquidity management. This eventually leads to financial indebtedness and consequently low patronage and deposit flight. This study examined the effect of liquidity management on profitability of commercial banks in Nigeria using data obtained from the financial statements of tier 1 banks over the period 1998 to 2018. The study employed the correlational research design and engaged the Johansen test with the vector error correction model to access the long run and short run relationship among the variables. The results of the Johansen test revealed at most two cointegrating equations among the variables, while result of vector error correction revealed a positive effect of liquidity on return on asset and return on equity but a negative effect on net profit margin. Results revealed a fairly stable trend in the liquidity and profitability indicators from 1998-2018 and concluded that banks controlled enough liquidity to serve their obligations. The study recommends that the central bank of Nigeria should maintain the regulation over the minimum liquidity of commercial banks as this affects their profitability
Households’ Willingness-to-Pay for Value Addition in Azadirachta indica (Neem) Based Products in Ibadan Metropolis
(2021) Akin-Olagunju O.A; Ojoawo, O.J; Adesina, M.A; Yusuf, S.A
Azadirachta indica popularly referred to as Neem plant is one of the plants found in almost all parts of the world. In Nigeria, the plant is famously consumed in its raw form, but efforts have been made to present the products in a variety of forms through processing. Despite this value addition, however, little research has been done in assessing the readiness of the consumers to pay more for the extra entrepreneurial labour in presenting the product in a more acceptable way. Thus, this study investigates household’s willingness-to-pay (WTP) for value addition in Neem-based products in Ibadan, Oyo State, Nigeria. Primary data were collected from one hundred and twenty-one (121) respondents using multi-stage sampling procedure. Data were analysed using descriptive statistics, contingent valuation method and logit regression model. Results show that 57.85% of the respondents were willing to pay highest amount for NAFDAC certification (𝑋 ̅: N615.57±116.48) followed by Brand name (53.72%; 𝑋 ̅: N538.92±328.26). Respondents were also mostly familiar with Neem powder (58.67%) and Neem soap (53.71%). However, this did not translate to usage. Age, gender, education level, occupation type and monthly expenditure were some of the factors determining WTP. The study recommends creating adequate awareness on the benefits of Neem-based products as well as formulation of policies that guarantee safety of product consumption.