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- Inaugural lectures by Professors from different Faculties of Lead City University
Recent Submissions
Monetary Policy, Energy Consumption and Economic Growth in Nigeria
(Lead City University, Ibadan, 2024-12) Obiwumi Gboyega AKINWALE
This study investigates the links among monetary policy, energy consumption, and economic growth in Nigeria from 1990 to 2022, employing both Autoregressive Distributed Lag (ARDL) and Toda-Yamamoto-Dolado-Lutkephol (TYDL) approaches. Using time- series data, the study examines the short- and long-run relationships between monetary policy variables (monetary policy rate, money supply, and liquidity ratio), renewable and non-renewable energy consumption, and GDP growth. The ARDL results reveal that monetary policy rate and money supply significantly impact short-run renewable energy consumption, while non-renewable energy consumption is positively influenced by monetary policy rate but negatively affected by liquidity ratio and money supply. In the long run, only liquidity ratio positively impacts renewable energy consumption. Regarding economic growth, the ARDL findings indicate a direct impact of monetary policy rate lags on short-run economic growth, with liquidity ratio positively influencing long-run economic growth. More so, renewable energy consumption at lag one positively influence economic growth in the short run. In the long run, both renewable and non-renewable energy consumption indirectly impact economic growth in Nigeria. The TYDL approach confirms Granger causality from economic growth to energy consumption, monetary policy rate and money supply in the short run. However, liquidity ratio granger causes GDP growth. Also, liquidity ratio granger causes renewable energy, non-renewable energy, and money supply. In the long run, renewable energy consumption, non-renewable energy consumption and liquidity ratio granger cause economic growth in Nigeria. Meanwhile, output growth granger causes monetary policy rate. A uni-directional relationshi exists from non-renewable consumption to monetary policy rate. There is need for government to consider implementing measures to incentivize investment in renewable energy projects to
spur economic outputs. Also, to support short-run economic growth, policymakers should focus on enhancing the effectiveness of monetary policy transmission mechanisms.
Keywords: Monetary policy rate, money supply, liquidity ratio, renewable energy, non renewable energy, GDP growth.
Word Count: 285.
Business Continuity Management Factors, Eco-Efficiency and Financial Sustainability of Sugar Manufacturers in Lagos State, Nigeria
(Lead City University, Ibadan, 2024-12) Tunde Joshua AKINSANYA
The financial sustainability of sugar industry in Nigeria has experienced a significant decline evidenced by poor profitability, weak resource diversification, and weak firm growth which is suggestive of challenges associated with business continuity management factors and eco- efficiency. Hence, using dynamic capability, and contingency theories, this study assessed the interaction of Business Continuity Management Factors (BCMFs), eco-efficiency and financial sustainability of sugar manufacturers in Nigeria. A cross-sectional survey research design was adopted. The population was 919 staff of selected sugar manufacturing companies in Lagos State, Nigeria. Sample size of 326 staff was determined through the Raosoft sample size calculator for a finite population, and a stratified random sampling technique was used to select
the staff at the three management levels within the selected sugar companies. A validated questionnaire was used to collect data. Data were analysed using descriptive and inferential statistics. Findings revealed that BCMFs had a positive and significant effect on financial sustainability of sugar manufacturers in Nigeria (R 2 = 0.452, (1,277)= 228.570, p= 0.000). Strategy unfolding had positive and significant effect on financial sustainability of sugar manufacturers in Nigeria (R 2 = 0.231, F(1,277)= 83.049, p= 0.000). Response strategy had positive and significant effect on financial sustainability of sugar manufacturers in Nigeria (R 2 = 0.380, F(1,277)= 170.060, p= 0.000). Crisis management leadership had positive and significant effect on financial sustainability of sugar manufacturers in Nigeria (R 2 = 0.278, F(1,277)= 106.784, p= 0.000). Business resilience had positive and significant effect on financial sustainability of sugar manufacturers in Nigeria (R 2 = 0.397, F(1,277)= 182.247, p= 0.000). Eco-efficiency has a positive and significant moderating effect on the interactions between BCMFs and financial sustainability of sugar manufacturers in Nigeria (ΔR
2= 0.010, ΔF = 7.230, P= 0.008). This study concluded that there was a statistically significant effect of BCMFs and eco-efficiency factors to enhance financial sustainability of sugar manufacturers in Nigeria. The study recommended that BCMFs with emphasis on strategy unfolding and crisis management leadership orientation need to be revisited by the management so that the BCMFs can enhance robust financial sustainability and ensure the adoption of environmentally friendly eco- efficiency strategies.
Keywords :Business continuity management factors, Eco-efficiency, Financial sustainability, Sugar Industry
Word Count: 342
Influence of ICT and Field Work on Senior Secondary School Students’ Academic Achievements in Agricultural Science in Oyo Central Senatorial District, Oyo State
(Lead City University, Ibadan, 2024-12) Adewumi John AKINRINOLA
This study investigated the influence of ICT and fieldwork on academic achievement in Agricultural Science among SS2 students in Oyo Central Senatorial District. Using a descriptive survey design. The total population was 924 students. The study used a multi-stage sampling method to select six secondary schools meeting specific criteria. Sample sizes were determined proportionally based on population size, totalling 414 students. Instruments include ICT and Fieldwork Questionnaires (IFQ) and an Agric Science Achievement Test (AAT). Questionnaire reliability was assessed with Cronbach's Alpha (0.891), and AAT reliability with the Kudar Richanson KR20 method (0.883). Data was analysed using simple percentages and multiple regression was used to test the hypotheses. Challenges with ICT facilities in teaching Agricultural Science are notably high (x̅= 2.6148), while fieldwork areas' availability is also extensive (x̅= 2.1734). Relevancy of fieldwork areas scores very high (x̅= 3.186), while
challenges related to fieldwork are moderately extensive (x̅= 1.948). The analysis reveals a significant contribution of both ICT facilities and fieldwork factors to students' academic achievement in Agricultural Science (F2, 214 = 1.085, Adj. R 2 = 0.158, P < 0.05). Computer and Email usage positively impact academic performance (Computer: Beta = 0.106, p = 0.015; Email: Beta = 0.593, p = 0.000), while Radio usage has a negative effect (Beta = 0.335, p = 0.000). Planting Bed and Livestock activities significantly contribute to academic achievement (Planting Bed: Beta = 0.710, p = 0.000; Livestock: Beta = 0.601, p = 0.000), but the Irrigation System does not (p = 0.507). This study reveals that ICT tools and fieldwork activities significantly boost SS2 students' academic achievement in Agricultural Science. Computers, email, and hands-on
activities, like planting and livestock care, enhance learning, though challenges with ICT and fieldwork resources remain. Addressing these issues could further improve outcomes in Agricultural Science education. Recommendations included improving ICT infrastructure, providing financial aid, training maintenance personnel, addressing power supply issues, and implementing land allocation strategies.
Keywords: Information Communication Technology, Fieldwork, Academic Achievement, Facilities
Word Count: 299
Instructional Resources, Teacher-related Factors and Students’ Academic Achievement in Practical Aspect of Biology in Oyo State, Nigeria
(Lead City University, Ibadan, 2024-12) Olumide Temitayo AKINPELU
The study investigated the influence of Instructional Resources and Teacher-related Factors on Students’ Academic Achievement in Biology Practical in Secondary Schools
in Oyo State, Nigeria. Research of Literature shows influence of the combinations of many variables on the students’ academic achievement but not these two variables
together, -Instructional Resources and Teacher-related Factors, which provided the gap for this study to fill. Research questions were posed and two hypotheses guided the study. Study population comprised of all the SS2 (Senior Secondary School Students, 81,083) in Oyo State, Nigeria, Sample size consisted of 500 students. The Expost Facto research design was employed. Data collection was conducted using the Instructional Resources and Teacher-related Factors Questionnaire (IRTRFQ) and the Practical Biology Test (PBT). Result showed low availability level of instructional resources ( ഥ ? =1.69), low utilization of instructional resources, (ഥ? =1.90) and also high status of teacher- related factors ( ഥ ? =3.12). Multiple regression analysis revealed an R .171, R² .029, Adjusted R² .023, indicating that the independent variables accounted for 2.3% of the variance in students' Biology practical performance. ANOVA results showed F2, 497 = 7.514; p=.05. Standardized Beta (B) weights indicated significant contributions of teacher-related factors (B = -0.119, t = -2.653; p=.05) and instructional resources (B = -0.106, t = -2.380; p=.05) to student achievement. The findings demonstrated that both variables significantly influence students' performance in Biology Practical. It is recommended that the government enhance support for schools through the provision of instructional resources and materials. Also, teachers who are the link between teaching and learning in our school system should be availed the opportunity to attend hands-on training
Keywords: Instructional Resources, Teacher-related Factors, Academic Achievement, Biology, Oyo State
Word Count: 265
Influence of Personality Traits, Resilience and Perceived Stigma on Cancer Patients’ Quality of Life in University College Hospital, Ibadan, Nigeria
(Lead City University, Ibadan, 2024-12) Elizabeth Oluwatoyin AKIN-ODANYE
This study explored the influence of personality traits, resilience and perceived stigma on cancer patients’ quality of life (QoL) guided by the Contextual Model of
Health Related Quality of Life (CM-HRQoL). The study adopted a descriptive quantitative cross-sectional design using survey method. Purposive sampling
technique was used to recruit 144 cancer patients from the Radiation Oncology Clinic, University College Hospital Ibadan. Respondents’ ages ranged from 18 to 89 with
a mean of 52.64 and standard deviation of 15.20. Sample size was determined using Krejcie and Morgan table. Data was collected using reliable and valid measures
of QoL, personality traits (conscientiousness, agreeableness, neuroticism, openness to experience, and extroversion), resilience and perceived stigma. Three hypotheses
were tested using regression analysis and ANOVA. Personality traits had significant joint predictive influence on QoL explaining 40.00% of the variance in QoL
(F(5,138) =18.66, P<0.01; R 2 = 0.40). However, only neuroticism (β = .56, t = 8.07, P<0.01), conscientiousness (β = -.21, t = -2.74, P<0.05) and extroversion (β = -.17, t = -2.43, P<0.05) had significant independent influence on QoL while openness to experience (β = .07, t = .97, P>0.05) and agreeableness (β = .09, t = 1.22, P>0.05) did
not. Furthermore, resilience (F(1,140) = 11.96, P<0.01), perceived stigma (F(1,140) = 47.52, P<0.01) and cancer type (F(1,136) = 2.97, P<0.05) had significant main effect on QoL, but there was no significant interaction effect between resilience and perceived stigma on QoL (F(1,140) = .04, P>0.05) as well as between resilience and cancer type on QoL (F(1,136) = .47, P>0.05). The study concluded that better QoL is associated with h i g h e r conscientiousness, extroversion and resilience while worse QoL is
associated with higher neuroticism and perceived stigma. It was therefore recommended that these variables should be considered when designing interventions
to improve cancer patients’ QoL.
Keywords: Cancer Patients, Personality traits, Resilience, Perceived Stigma, Quality of life.
Word Count: 297