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- Inaugural lectures by Professors from different Faculties of Lead City University
Recent Submissions
Monetary Policy, Corruption and Financial Development in Nigeria
(Lead City University, Ibadan, 2025-12) Azeez Adebanjo WAHAB
This study examines the complex relationships between monetary policy, corruption, and financial development in Nigeria, with a specific focus on four key dimensions: financial access, depth, efficiency, and stability. Despite various reform efforts, Nigeria's financial development remains hindered by persistent macroeconomic instability and widespread institutional corruption, which distort the transmission mechanisms of monetary policy and impede sustainable economic growth. The study is grounded in the Monetary Transmission Mechanism Theory and complemented by the New Keynesian Theory, Institutional Theory, and the Endogenous Growth Theory. This study employed the ex post facto research design. It utilised secondary time-series data spanning from 2013 to 2023, sourced from the Central Bank of Nigeria (CBN), the National Bureau of Statistics (NBS), the World Bank's Global Financial Development Database, and Transparency International's Corruption Perceptions Index. Analytical techniques include descriptive statistics, Ordinary Least Squares (OLS) regression, and Granger causality tests, complemented by diagnostic checks for heteroscedasticity, autocorrelation, and normality, to analyse relationships between variables using E- VIEW software. The results from the findings show that monetary policy has a significant influence on financial access, with the model explaining substantial variation (R² = 0.9841, Adj R² = 0.9618, F = 44.134, p < 0.05). Similarly, monetary policy plays a key role in financial depth (R = 0.960, R² = 0.960, Adj R² = 0.940, F = 47.624, p < 0.05) and financial efficiency (R = 0.8293, R² = 0.8293, Adj R² = 0.6586, F = 4.859, p < 0.05). Corruption significantly affects financial access (R² = 0.939, Adj R² = 0.927, F = 77.493, p < 0.05) and efficiency (R² = 0.860, Adj R² = 0.814, F = 18.469, p < 0.05), but its impact on financial depth is negligible (R² = 0.209, Adj R² = 0.051, F = 1.322, p > 0.05). The exchange rate, as a control variable, also significantly influences financial development (R² = 0.872, Adj R² = 0.668, F = 5.275, p < 0.05). Granger causality tests reveal that financial development causes corruption (F = 13.777, p = 0.0037) and money supply affects inflation (F = 4.133, p = 0.065) and corruption (F = 7.824, p = 0.016). These results emphasise the dynamic interplay between monetary policy, corruption, and exchange rate stability in shaping financial development outcomes. The study's findings conclude that monetary policy, corruption, and exchange rate dynamics have a significant impact on financial development in Nigeria. Monetary policy affects access, depth, and efficiency, while exchange rate fluctuations influence financial stability. Corruption hampers access and efficiency but has minimal effect on depth. The study emphasises the importance of robust governance and targeted policies in promoting sustainable financial development. Based on the findings, it is recommended that Nigerian policymakers should tailor monetary policies to improve
financial access, depth, and stability while prioritising anti-corruption efforts, especially within financial institutions. The Central Bank should monitor inflation and exchange rates to ensure stability. Exchange rate management should be incorporated into monetary policy to foster growth alongside ongoing institutional reforms to reduce corruption and support financial development.
Keywords: Monetary Policy, Corruption, Financial Development, Financial Access, Depth
Word Count: 495
Gender, Socioeconomic Status and Cybercrime Intentions among Social Studies Students in Colleges of Education, Southwest, Nigeria
(Lead City University, Ibadan, 2025-12) Olanrewaju Saheed JIMOH
The growing trend of cybercrime in Nigeria diverts students’ attention from educational goals, potentially hindering their development as responsible citizens and obstructing national educational objectives. This study investigated the influence of gender and socioeconomic status on cybercrime intentions among social studies students in Colleges of Education across Southwest, Nigeria. It was anchored on social learning theory, feminist criminology theory, and strain theory. The study adopted a descriptive survey design. The population comprised all 1,439 second-year social studies students in 23 Colleges of Education located in Oyo, Osun, and Ogun States, representing federal, state, and private institutions. The entire population was sampled using the census method for comprehensive coverage. Data were collected using a self- structured instrument, the Gender and Socioeconomic Status on Cybercrime Intention Questionnaire (GSSCIQ), with a Cronbach’s Alpha reliability coefficient of 0.89. The data were analysed using descriptive statistics, multiple regression, and an independent samples t-test using SPSS version 27. The findings revealed that the most prevalent cybercrime intention among social studies students was an attitude towards cybercrime (46.76%). The relationship between gender and socioeconomic status and cybercrime intentions was that male gender exhibited higher cybercrime intentions compared to their female counterparts (r = -0.251, p < 0.05). The level of socioeconomic status, showed that economic situation has the highest with a weighted mean of (x̅ = 2.37). There was a significant joint influence of gender and
socioeconomic status on cybercrime intention (F (2; 1427) = 17.617, Adj R2 0.023, p < 0.05). The relative influence of gender and socioeconomic status on cybercrime intention, was that peer influence has highest influence (B = 0.0398, SE = 0.029, β = 0.487, t = 13.592, p < 0.01). There was a substantial difference between the mean score of social studies students’ cybercrime intention between students living in rural and urban areas (t = 5.552, p< 0.05). The study concludes that cybercrime intentions among Social Studies students are significantly influenced by gender, socioeconomic status, and residential location. To mitigate these tendencies, Colleges of Education should integrate compulsory cybersecurity ethics modules contextualised with Nigerian case studies and conduct first-year boot camps with law enforcement. Gender-sensitive strategies, including ethical hacking contests for males and peer led forums for females, should be introduced. Programmes on financial literacy and anti- cybercrime clubs can counter socioeconomic risks. Finally, urban-targeted interventions and rural community workshops, supported by community policing, are essential for comprehensive prevention.
Keywords: Cybercrime Intentions, Cybercriminal Motivation, Attitude Towards Crime, Latent Cybercriminal, Risk Perception, Moral Disengagement, Socioeconomic Status.
Word Counts: 431
Influence of Entrepreneurship Education and Mindset on Entrepreneurial Intention among Business Education Students in Public Universities, Southwest, Nigeria
(Lead City University, Ibadan, 2025-12) Ini Sunday MOSES
Despite significant investment in entrepreneurship programmes, students’ entrepreneurial intentions appear to be persistently low. While individual elements of entrepreneurship education and mindset have been examined, there is insufficient integrated research linking these factors to the low entrepreneurial intentions among students which created a gap in literature that this study aimed to fill. This study investigated the influence of entrepreneurship education, and mindset on entrepreneurial intention among public universities’ business education students in Southwest, Nigeria. It was underpinned by the theory of planned behaviour, learning-by-doing entrepreneurial theory and implicit theory of intelligence. A descriptive survey research design was employed with a population of 952, 400 level students of Business Education in both State and Federal universities in Southwestern states. Total enumeration sampling technique was utilized. One research instrument – Business Education Students Entrepreneurial Intention Questionnaire (BESEIQ) ( ∝ = 0.890) was used for data collection. Three research questions were answered and four hypotheses were tested at 0.05 significant level, using descriptive statistics of frequency, mean and standard deviation and multiple regression analysis. Findings revealed that the level of entrepreneurial intention was moderate (Grand Mean = 2.64); level of entrepreneurship education was low (Grand Mean = 2.47); level of entrepreneurial mindset was high (Grand Mean = 3.07); the combined influence of the independent variables had a significant influence on the dependent variable (Adj. R2 =0.377) and (F(2,873)=265.615; p<0.05); there was a significant gender difference in entrepreneurial intention and mindset among Business Education students in public universities in Southwest, Nigeria (p < 0.05). The study concluded that the entrepreneurship education programme provided for undergraduates of Business Education students in public universities, Southwest Nigeria, was more theoretical than practical, with limited access to resources and inadequate support for developing real- world business skills. It was therefore recommended among others, that universities revise and implement entrepreneurship curriculum to deliver practical and hands-on experiences to equip students with industry sought-after expertise.
Keywords: Entrepreneurship Education, Entrepreneurial Mindset, Entrepreneurial Intention, Gender.
Word Count: 312
Women and Employment Challenges in Contemporary Politics: An Analysis of Social Exclusion in Germany and Nigeria
(Lead City University, Ibadan, 2025-12) Omoniyi Temisanren OGODO-BACH
Within the context of modern politics, the examination of women's role and their engagement in the labour market has emerged as a pivotal field of scholarly inquiry. Although significant advancements have been achieved in numerous nations with regards to gender equality, persistent challenges remain, particularly within the realm of social exclusion. This research study delves into the critical analysis of women and employment challenges in contemporary politics with a bird’s- eye-view on social exclusion in Germany and Nigeria. The research objectives are to investigate the status of women's political employment in the political sphere in Germany and Nigeria, and to examine the political employment challenges experienced by women in Germany and Nigeria. The research study employed the social exclusion theory and theory of
intersectionality and employment to elucidate women and employment challenges in the two countries. The research adopted descriptive design with qualitative approach using Key informant interview, with interview guide as instrument for data collection. The population of the study consisted of 10 women selected and equally from Nigeria and Germany. These women will be selected as a result of their participation in politics so as to investigate their participation with respect to their employment challenges in contemporary politics. Snowballing sampling technique was adopted in selecting 10 women each from Germany and Nigeria. The study finds that the political situation for women in Germany and Nigeria demonstrates both advancements and persistent obstacles in attaining gender parity. The concept of Germany has made significant
progress in achieving gender equality through the implementation of laws and the introduction of gender quotas specific to political parties. By the year 2025, women are projected to occupy almost 35% of the seats in the Bundestag, showcasing a substantial growth in their political engagement. Nigeria is said to have 85% to 15% men and women ration in Nigerian politics. Out of the 15% accrued to women, only about 5% are able to rise and compete with men in the Nigerian political sphere. The findings revealed that in Nigeria, there is a notable lack of women's participation in politics, as women now hold a mere 6.4% of the seats in the National Assembly as of 2023. However, findings revealed that there are still persistent obstacles like gender-based violence, patriarchal norms and godfatherism, cultural preconceptions and economic disparities to achieving full gender parity and social inclusion in politics. The study recommends the enhancement of gender quotas and support systems, legal reforms and the promotion of cultural and societal change.
Keywords: Gender, Employment challenges, Social Exclusion, Politics, Nigeria, Germany.
Word Count: 422
Politics and Dynamics of Personality Cult in Africa
(AJIAD, 2021) Chikwado Ezugworie; Victor Nwawube
A personality cult is a circumstance where an open figure is purposely introduced to the individuals of a nation as an extraordinary individual who ought to be appreciated and adored. It is relevant to comprehend that distinctive African nations had early fathers from the religious to secular world who contributed colossally to the disclosure and systematization of country states. These personalities are expected to be adored as trailblazers of nationhood but have been subverted with present-day characters whose belief systems and perspectives are very unusual to the nations. The thrust of this paper is on a personality cult, religion and politics in Africa. Data were collected using the documentary method and analyzed via the content analysis method. The study was anchored on the theory of charismatic leadership propounded by Robert Tucker (1968). The study discovered that cults were part of a larger universe of symbolic politics that played a vital role in disseminating party goals and social hierarchies and that they served to centre emotions and loyalties in a particular symbol. However, a pure instrumentalist view fails to account for the cults’ numerous popular manifestations, particularly in local contexts. The examination in this way prescribes, among others, that authority and non-formally attributed implications ought to be paid attention to in state-society connections to encourage and continue pioneer cliques.
Keywords: Personality Cult, Religion, Politics, Ethnicity and Africa