This study examined the factors influencing transition from organizational employment to self-employment among high school teachers in Southwestern Nigeria. A cross-sectional survey was carried out and questionnaire was used to elicit information from respondents who were randomly selected. The Statistical Package for Social Scientists was used to analyze the data. The study revealed the significance of parent’s involvement in business and entrepreneurial training in the development of entrepreneurial intention among respondents. Data analyses revealed associations between father’s involvement in business and the propensity of offspring to engage in self-employment. The study concluded that the influence that parents’ involvement in business will have on offspring’s entrepreneurial intention should be a motivating factor to policy makers to formulate policies that will provide enabling environment for such businesses. Also, entrepreneurial training should be intensified for the youths to foster the development of entrepreneurship in the country.
Olaposi T.O., Adelowo C.M. and Akintelu S.O.
This study identified the nature of Information and Communication Technology (ICT) adopted on project planning activities and examined the factors affecting the adoption of these ICT on project planning in the Food and Beverage Industry in Nigeria. The study was carried out through the use of questionnaire and interview schedule to a total of forty five (45) respondents across ICT, Production and Project departments of food and beverage firms in southwestern Nigeria. This was used to elicit information on the factors affecting the adoption of ICT in the industry. Data collected were analysed using both descriptive and inferential statistics. The study revealed that the major ICT adopted by food and beverage firms in Nigeria were Enterprise resource planning (4.48), Product lifecycle management (4.29), Customer Relationship Management (4.19), Supply Chain Management (4.34), Management Information Systems (4.38), Portable Data Collection Hand Held (4.65), Virtual Private Networks (4.53), Internet and e-mail (4.77). All of these ICTs had a mean rank of 4.00 and above on a 5 point-likert scales.Three factors were identified to influence ICT adoption. These include Human Resource capacity (52.8%), level of ICT investment (47.2%) and ICT competency (69.4%). Furthermore, regression analysis showed that level of ICT on Investment (r = -.425**: p<0.05) and Employee Competency (r = -.634**: p<0.05) are factors which had significant influence on ICT adoption in the project planning activities of the firms. In conclusion, the study revealed that Level of ICT investment and employee ICT competency are factors that significantly influence the adoption of ICT in the selected firms. These factors were found to be critical hindrances to ICT adoption in Nigerian food and beverage industry.
Akintelu S.O., Irefin I.A. and Akarakiri J.B.
Small and Medium Enterprises (SMEs) have played a vital role in the growth and development of a nation. It also provided a platform for the developed economies to complement the industrialisation process. The study investigated factors influencing Small and Medium Enterprises (SMEs) expansion in Nigeria. A Secondary time series data were used for the study. This data was sourced from National Bureau of Statistics, Central Bank of Nigeria publications 2014. Co-integration technique econometric method was used to analyse the time series data for the period of 1982-2014. The results revealed that the variables are co-integrated and indicates existence of a long run relationship among the variables. Parsimonious result suggests that there is a high speed of adjustment of 142% of convergence to equilibrium. The results also indicate that increase in number of small and medium scale enterprises is influenced by savings and literacy level. The study recommends that government should create enabling environment to increase savings in Nigeria.
Ailemen M.I., Mohammed I. and Akintelu S.O
The study examined the application of project scope management practices on project success employed by telecommunication organization in the implementation of Information and Communication Technology (ICT) projects. The study was carried out with the use of primary data source which were obtained through the use of questionnaire on a total of three hundred and seventy five (375) respondents which include one hundred and twenty five (125) project sponsors, one hundred and twenty five (125) project managers/coordinators and one hundred and twenty five project team members on ICT projects. Data collected were analyzed using both descriptive and inferential statistics. The result revealed that the major project scope management success criteria were customers satisfaction (mean = 4.30, SD = 0.78) and customers expectation (mean = 4.22, SD = 0.62). However, other success criteria which are less critical include; Resource Allocation (mean = 3.56, SD = 0.63), Project Duration (mean = 3.51, SD = 0.70), Project Costing (mean = 3.69, SD = 0.58) and Project Quality (mean = 3.58, SD = 0.87). The result of regression analysis also showed that four (customer expectations /β = -.663, p =.000, customers satisfaction/β=.852, p <0.05, resource allocation/β=1.055, p <0.05, and project duration,/β=-1.086, p <0.05) out of the six (6) indicators used had significant impact on project successes in the selected firms at 0.05 level of significance. It was concluded that the project success criteria of the firms were generally satisfactory and very satisfactory with the implementation of project scope management practices.
Ogunberu A.O., Olaposi T.O and Akintelu S.O
Rice milling enterprise is critical to agricbusiness and is one of the most food processing business that can serve as a means for conserving foreign exchange in Nigeria. The study assessed the agribusiness environment of the small scale rice-milling industry and examined the technology capacity of the paddy farmers. Twenty-Five (25) questionnaires were administered on selected paddy farmers, and rice millers to make a total of fifty (50). The result showed that men played dominant roles in paddy rice farming in the study area. About 90% of the rice farmers had put in at least ten years and above. About 26% of respondents were illiterates and 36.6% of farmers practiced mixed farming. Most (76.4%) of them used their own seed. About 47% of farmers employed “from the top” while the remaining 53% used “from the bottom” for harvesting. Many of the farmers employed different parboiling and drying methods which led to variation in the quality of the milled rice. The implication of these findings as they relate to increase rice production and the economic well-being of the stakeholders is discussed.
Ige, M.M., Baruwa, O.I. and Akintelu, S.O.
Information and Communication Technologies (ICTs) have been known as vital technologies that are associated with production mechanisms for technological progress. The study examined the impact of ICT on project planning activities in Nigerian food and beverage industry. Data from primary sources were obtained through the use of questionnaire and interview scheduled on one hundred and seventy five (175) purposively selected users of ICT across three Departments of food and beverage firms in Nigeria. This was with a view to elicit information on the level of outputs and significance of the application of ICT to the performance of the industry. Data collected were analyzed using both descriptive and inferential statistics. The results of the analysis of variance shows that there were significant difference in the mean rank of respondents’ opinion on ICT to improve quality (F=110.07, P = 0.05), reduce cost (F=110.07, p<0.05), improves process (F=140.93, p<0.05), and reduce processing time (F=184.36, p<0.05). Evidence shows that Internet usage, Virtual Private Network (VPN), Enterprise Resource Planning (ERP) and Product Lifecycle Management (PLM) had strong impact on product quality, process improvement, cost and time reduction. It was concluded that the absence of ICT in the firm will slow down the effective coordination of raw materials.
SUNDAY OLUFEMI AKINTELU, ISAAC ADEYEMI IREFIN AND JOSHUA BABATUNDE AKARAKIRI
This study examines the patterns and impacts of rice production and technological efficiency on economic growth in some selected countries. Data used for the study covered the period 1990-2015 and were all obtained from Word Bank Development Index online. Descriptive and panel data techniques were employed in the analysis. The Panel regression results reveals that the F-statistics value for the fixed effect model exceeds (65.20) that of the Pooled OLS (58.1) at 1% level of significance, necessitating the adoption of the fixed effect model, with an adjusted R2 value of 0.86. The empirical findings reveal that the countries exhibit differential rates of technology, necessitating some of the countries having technological efficiency values higher than the mean value of the entire sampled countries. The results further show that rice production index and technological efficiency are positive and significant to stimulating economic growth in the sampled countries. Hence, domestic production of rice induces positive spill-overs on income, employment and poverty reduction. We recommend rice production enhancement policies as well is increased technological know-how should be encouraged in order to enhance economic growth in these countries
Akintelu, S. O. Ailemen, M. O. and Ozekhome, H.
This study assesses the level of knowledge of technology-based micro-entrepreneurs and investigates the impact of entrepreneur’s age and education on their prior knowledge. The study was carried out in Lagos State, Nigeria. Survey method was used. Two hundred and twenty-five firms participated in the study. Among others, the results show (p < 0.05) that there is a significant association between age and entrepreneur’s comprehensive knowledge set. Also, there is a significant association between educational background and knowledge of how to serve market and between educational background and familiarity with customers’ problems. However, no significant association was found between educational background and rich knowledge about market. If micro-entrepreneurs will be able to perform satisfactorily, there is a need to encourage adequate education and physical maturity before venture creation.
Olaposi, T. O. Oyebola, A .I and Akintelu S. O.
The paper examined the impact of Strategic Management on the performance of Small and Medium Scale Enterprises (SMEs) via competitive advantage, sales and profit.Â This was with the view of assessing the impact of Strategic Management on sustainable growth in Nigerian SMEs. A descriptive survey research design was employed for the paper using structured questionnaire and oral interview for data collection. The questionnaire was administered on thirty SMEs owners in four states of Southwest Nigeria comprising Lagos, Ogun, Osun and Oyo State. Thus, a total of 120 respondents were purposively sampled for the study. Data collected were analyzed using frequency tables, simple percentages and chi-square test. The results showed that Strategic Management practices significantly assist SMEs to gain competitive advantage (Â The results further showed that Strategic Management significantly increased their sales (Â and improved their profits levels. The paper concluded that, Strategic Management has contributed immensely to the sustainable growth of Small and Medium scale Enterprises in South-West Nigeria and recommended that Strategic Management practice should be adopted by all small and medium business firms in Nigeria.
Irefin, I. A. Oyebola, A. I. and Akintelu, S. O.
This study examined the cocoa production technologies adopted by cocoa farmers in Kogi State, Nigeria. Data used for the study were collected from 134 cocoa farmers through the use of a structured questionnaire. Using descriptive and inferential statistics for the analysis, the study revealed that production technologies adopted by cocoa farmers in Kogi State includes planting hybrid cocoa varieties (4.55), weed control (4.34), control of black pod disease with fungicides (4.39), fertiliser application (4.21) and control of capsids with insecticides (4.30). Analysis of variance (ANOVA) shows that there is a significant difference (0.68, p < 0.05) between production technologies adopted and cocoa production output among farmers. This indicates that production technologies has led to quality of output and improved farm practices. This paper concludes that farmer should strive to improve more on these technologies. Where there is inadequate enabling environment for farmers, the possibility of reduction of cocoa product is inevitable.
Sunday Olufemi Akintelu; Lydia Mele; Victor Oluwasina Sobanke; Mary Adewunmi
The study examined the state of technological innovations in rice processing industry and investigated the level of interaction that exists between rice processors and stakeholders involved in rice processing operations in Nigeria. Data were collected from 35 (12 integrated and 23 medium and small-scale mills) rice processing firms in four geopolitical zones of Nigeria through the use of questionnaire. These firms were selected using snow balling sampling technique. The questionnaire elicited information on the state of technological innovations in the firms and the level of existing interactions among rice processors and relevant stakeholders. Data were analyzed using descriptive statistics. The result showed that majority (71.4%) of the firms had technological innovations involving introduction and improvement of existing product and 45.7% of them had technological innovations involving introduction of a new process and improvement of the existing process. More than two thirds (82.9%) of the firms carried out technological innovations mainly by themselves. Also, 65.7% of the technological innovations originated mainly in Nigeria, 31.4% were imported while 2.9% were sourced jointly in Nigeria and abroad. The results further showed that the firms have low (mean < 2.58) level of interactions with important stakeholders such as banks, local suppliers of equipment, universities/research institutes, foreign firms and government with a mean of 2.91, 2.57, 2.49, 2.09 and 1.86 respectively. The study concluded that to enhance technological innovation in Nigerian rice processing industry, there is a need for the development of strong linkage between the industry and the stakeholders involved in rice processing operations.
AKINTELU Sunday Olufemi
ICTs are vital technologies for the development of agricultural sector in Nigeria. Its usage has created wealth to many, both in developed and developing countries. The study evaluated the usage of ICT in agricultural practices and determined factors influencing its usage among farmers in Esan community of Edo State, Nigeria. Data used for the study were generated from a sample of 75 respondents using structured questionnaire and interview schedule. Data collected were analysed using inferential statistical method. The result of ANOVA analysis revealed that factors limiting the use of ICT on farming activities among small scale farmers in the community include inability of farmers to use ICT (0.017 ≤ 0.05), lack of technological infrastructure (0.012 ≤ 0.05), cost of technology (0.039 ≤ 0.05), fear of technology (0.015 ≤ 0.05), time to spend on technology (0.026 ≤ 0.05), value of ICT (0.011 ≤ 0.05) and trustworthiness (0.007 ≤ 0.05). These factors are significant at 0.05 level of significance and tend to have varying impact on the adoption of ICT with respect to age, implying that lower age group tend to favour factors such as: time spent on technology, value of ICT and trustworthiness, while higher age group are compatible with technological infrastructure and the inability to use ICT. The study concluded that the adoption of ICT begins at lower age group, While, at higher age group, this tendency tends to decline. The study recommends that aggressive policy of digital revolution should be lunch in the community and could re-orient farmers and make them conversant with the beneficial effect of ICT in agricultural process.
Simon Awojide, Sunday Olufemi Akintelu