Effect of Entrepreneurial Education on Unemployment Reduction Among Students in Nigeria

Authors : Jacobs Chineze J. ; Ezeokafor Uche R. ; Ekwere Gabriel E.

DOI : doi.org/10.47752/sjbmm.42.55.63

Abstract:
The study looked at the effect of entrepreneurial education on unemployment reduction among students in Chukwuemeka Odumegwu Ojukwu University, Igbaria. The problem of the study is as a result of increasing rate of unemployment in Nigeria. The study was anchored on  Human Capital Theory and risk taking theory. As a cross-sectional  survey  research design, a structured instrument of  (5) points Likert Scale was developed by the researchers to obtain information from the respondents.  The population of the study was limited to final year students of Business Administration and Entrepreneurship Studies Department in Chukwuemeka Odumegwu Ojukwu University, Igbariam. The total population was 195. Business administration was 128 while entrepreneurship was 67. The study used convenience sampling technique in selecting the sample size for the study based on convenience and easy accessibility to the respondents. Research hypotheses were tested using Multiple Regression Analysis (MRA) which was carried out with the aid of Statistical Package for Social Science (SPSS). Findings from the study revealed that Skill acquisition has a significant effect on unemployment rate, Entrepreneurship empowerment affects unemployment reduction, Infrastructural development has significant effect on unemployment reduction in Anambra State. The study recommended that entrepreneurial studies be encouraged in tertiary institutions where students are exposed to various entrepreneurial skills development leading to job creation and financial independence after their graduation. In doing this, more jobs will be created and people engaged meaningfully for the good of their family and the society at large. Soft loan should also be made available by the government to encourage the activities of small scale business in Nigeria.

Optimization of Manufacturing Flows

Authors : Cezarina Adina Tofan

DOI : doi.org/10.47752/sjbmm.42.46.54

Abstract:
The design of manufacturing flows is directly related to the design of the products, their construction and technological peculiarities and the size of their production series. The design of manufacturing flows is made for enterprises or production units along with the design of the enterprise and, for existing enterprises, on the occasion of the study of modernization or development of different production units. The optimum design of manufacturing flows requires the creation of appropriate conditions for the constructive and technological realization of the products. Thus, in the design of the various products, the manufacturing flow must be designed so that they can be processed in the superior conditions by using the type constructions for different parts or semi-products, unifying and typing the parts. On the basis of these conditions, the technological design of the manufacturing process is carried out, providing for the concrete forms of the technological process under the conditions of the organization of the manufacturing flow.

Crude Oil Price Shock and the Nigerian Stock Market Performance in the Face of Covid-19 Pandemic Evidence from ARDL & Granger Causality Approach

Authors : Hammayo Abubakar ; Kamal Tasiu Abdullahi

DOI : doi.org/10.47752/sjbmm.42.35.45

Abstract:
The study examined empirically the linear relationship between crude oil price shock and the Nigerian stock market performance, with the main objective of ascertaining the impact of the recent sharp decline in crude oil prices on stock market performance in the face of the global socio-economic challenge posed by COVID-19 pandemic. It used monthly time series data from the central bank of Nigeria (CBN) website (www.cbn.gov.ng) from 2017-2020 This period was chosen to capture the effects of changes in oil price on the performance of the Nigerian stock market within the context of the global economic challenges due to the COVID-19 pandemic. The auto-regressive distributed lag ARDL approach has been applied in the model specification and data analysis for the study. The results of the ARDL in both the short and long run revealed that the recent crude oil price shock has a significant impact on stock market performance in Nigeria. The results of the granger causality test also reveal a unidirectional causality from crude oil price to stock market performance with a piece of evidence from the current decline of global crude oil prices from December 2019 to April 2020. The study, therefore, suggests the need for the Nigerian capital market to continue to pursue with vigor the implementation of the capital market master plan in the hope that a more developed capital market should be able to absorb external shocks such as those arising from crude oil price fluctuations.