Contributions of Electricity and Gas Sub-Sector to Economic Growth in Nigeria: A Linear Approach

/in /by

Industrial policies were developed to stimulate and provide opportunities for prospering industrial activities following the decline of investment in the agricultural sector. This followed the discovery of crude oil in Nigeria. Electricity, gas, steam and air-conditioner, an industrial sub-sector is very crucial and requisite channel for industrial development, whether for automated, machines services or computer manufacturing processes. Failure in energy and power supply, as well as gas flaring remains a fundamental problem in Nigeria’s development. This study examined the impact of electricity and gas sub-sector of industrial sector on economic growth in Nigeria using data from 1980 to 2020. Vector error correction mechanism was used to determine the impact of the independent variables on the dependent variable. In the short run, our study shows the existence of positive, non-significant impact of electricity and gas output on economic growth. However, in the long run there was positive significant impact of electricity and gas output on economic growth in Nigeria within the period of study. The implication of the result is that adequate production and utilization of electricity and gas will spur economic activities that will generate economies of scale; since every component of the economy (industry, urbanization, modernized farming, etc) extensively demand for electricity and gas. Also, efficiency of electricity and gas would reduce energy bills for poor households, helps the nation to tackle greenhouse gas emissions. The continues gas flaring and consistent power cut in electricity in Nigeria affected industrial sector in Nigeria. This study showed that there is positive significant impact of electricity and gas on economic growth if there is intentional implementation of power policy with conscious disciplinary actions to control defaulters and make substantial investment that would stimulate industrial activities to spur economic growth.

In Vitro Determination of Fe Levels and Fe Bioavaailabilities Prediction from Dahlia Tuber Syrup (Pinnata Cav.)

/in /by

Dahlia tubers (Pinnata Cav.) with red flowers are known to have high inulin and fructooligosaccharides (FOS) in their tubers, they also contain various minerals such as Fe and others which are needed by the human body. Therefore, this study was conducted to discuss in vitro determination of Fe levels and Fe bioavailabilities prediction from dahlia tuber syrup. The Fe content in the Dahlia tuber syrup was determined experimentally using the X-Ray Fluorescence Spectrometer (XRF) instrument. The Fe bioavailability of dahlia tuber syrup was predicted based on the standardized inulin and FOS content of dahlia tubers against yacon tubers. The results showed that the Fe content in dahlia tuber syrup was 10,2 ppm. The bioavailability of Fe in dahlia tuber syrup in vitro is predicted to be 69.20% – 94.73%. The prediction of a fairly high Fe bioavailability indicates that dahlia tuber syrup is expected to be quite good in increasing the absorption of Fe in the body which can have health effects, among others, can play a role in improving body metabolism and being able to reduce the risk of anemia due to iron deficiency.

Analysis of Factors Influencing Purchase Decisions. Perception Study within the Former Insurance Policy Holders of Jiwasraya who agreed to proceed with Policy Restructuring Program to PT Asuransi Jiwa IFG (PT IFG Life)

/in /by

This research examined the significance of factors influencing the purchase decisions within the perception of the former Jiwasraya insurance policy holders who had migrated their policies to PT IFG Life. The purchase decision variable is measured by applying the Theory of Planned Behavior (TPB) developed by Ajzen (1991) through measuring a person’s attitude, subjective norm, and perceived behavioral control to understand their purchase intention. This research also examined the gap between purchase intention and purchase decision through measuring the mediating variable of implementation intentions (Carrington & Neville, 2010), and the two intervening factors (Kotler & Keller, 2009), namely attitudes of others and unanticipated situational factors. This research used quantitative approach by administering questionnaires to the respondents who were regarded fit the criteria. The responses from the respondents were then being processed using SmartPLS 3.3.9 application. The findings of this research proved that attitude, subjective norm, purchase intention and implementation intention have significant influence as to the proposed framework. However, the remaining variables such as perceived behavioral control, attitudes of others, and unanticipated situational factors were shown to not have any effects among the proposed framework.

Waste Glass Powder “An Alternative of Cement in Concrete”: A Review

/in /by

Cement plays a vital role in concrete production; as a binding agent, it holds together the aggregates in concrete. Manufacturing of cement and glass causes depletion of natural resources and endangerment of the environment. Both the glass and cement industries are energy consumers and are responsible for hazardous greenhouse gases, particularly  and nitrogen oxides. The contribution of the cement industry toward  emissions is 5% globally, and it is estimated that one ton of cement production produces 0.9 to 1 ton of . The rising population rate, which is a concern today, necessitates proper construction and infrastructure. This leads to more production of cement and glass and as a result, millions of tons of glass waste are produced every year globally and deposited directly into landfills without being recycled. The global Waste Glass (WG) production was estimated to be over 130 million tons in 2005. Because of its non-biodegradable nature, it is a huge burden on landfills, especially in metropolitan areas. At the same time, it exhibits pozzolanic behavior in finely ground form. To overcome these problems and to use them as a source, the concrete industry provides a better solution. Adaptation were taken to use it as an out of the ordinary to cement in concrete and examine its effects on concrete in both fresh and hardened states. According to the study, the mechanical characteristics of Waste Glass Powder (WGP) concrete are influenced by particle size and percentage replacement. This review is aimed at studying glass powder concrete.

Business Model Innovation for Red Hat to Increase Revenue in Indonesia Banking Industry: The Case of Bank Berdaya Bersama

/in /by

The advancement of digital technology and the change in user behavior rise a new challenge for the banking industry in Indonesia, users are now more sensitive to a good customer experience, and less loyal. Another challenge for banking is a disruption from fintech. To face these challenges, banks have started programs to transform themself to meet the current demands. This transformation program thus increases their technology along with banks’ technology budget allocation. Red Hat as a technology provider based on open source needs to compete with many players in Indonesia’s IT industry.

Using Bank Berdaya Bersama as a point in case, this study is prepared to build an innovative business model for Red Hat in increasing revenue and facing competition in Indonesia’s banking industry.

 

Impact of the Covid-19 Pandemic on Performance of Rural Banks in Central Java – Indonesia

/in /by

This study aims to analyze the impact of the COVID-19 pandemic on the performance of conventional rural banks in Central Java. The data used in this study is panel data from 175 companies for 4 years (2018 to 2021). The data is in the form of rural bank financial reports obtained by downloading from the Financial Services Authority (FSA) website. Data analysis was carried out descriptively and inferentially. Inferential analysis was used to test the proposed hypothesis, namely the paired sample t-test. The results of this study indicate that Covid-19 has a significant negative impact on rural bank performance, namely reducing Return On Assets (ROA) and Loan to Deposit Ratio (LDR) and increasing Non Performing Loans (NPL).

Business Model Strategies to Built A Sustainable Economy for Agrotourism at Coffee Farming in Kopi Warga Study Case: Terminal

/in /by

Millennial employees had a higher turnover intention is increasing lately and it creates a bigger problem in the job industry, A recent study shows, that most Millennials are assigned to work just to fulfill pressure from their inner circle, so they chose to bury their dreams. The establishment of Terminal is offered to abridged this current problem. Most of the turnover occurs in the company affected by the millennial workforce who feel dissatisfied with their own work, or else the reversed expectation. Terminal will people with an early career stage, currently called as fresh graduates to help them find a perfect career path with the enhanced activities exploration. one of the key activities that will be tested is in Gunung Wayang, this research aims for determining the most critical and important factor impacting the acceptance of the business strategy in Agrotourism in Gunung Wayang towards terminal and execute design to be implemented for Terminal in Agrotourism in Gunung Wayang to help the agrotourism develop better in the future the research method that is used in this study is using Qualitative data analysis, through the use of an observation method such as a case study and semi-structured interview. Finally, data analysis was performed gathered data such as taped video, and audio were analyzed and coded respectively, it was used for data analysis primarily for qualitative research, and triangulation to ensure the validity and reliability of the gathered data. The correlation between the TPB and the semi structured interview that has been conducted is ruled by the positive tendencies which resulted on the both three variables the attitude towards behavior, subjective norm and the perceived behavioral control for the percentage respectively 58.3%75% and 75%. The rest of the result it is dominated by the neutral tendencies which is giving a results in the variable attitude towards behavior for 41.7%, subjective norm 12.5% and the perceived behavioral control 25% and lastly it is the negative tendencies which is resulting on the last position for one votes or 12.5% in the subjective norm variable only according to the research that has been done variables in TPB such as attitude towards behavior and perceived behavioral control give a positive tendencies towards respective subject on determining the most critical and important factor on determining business strategy creation for Terminal. In the following years, it is expected that there will be a comprehensive curriculum and structured timeline in the project execution.

Proposed Business Strategy to Increase User Download and User Registered for “ABC” Application: A New PT XYZ Digital Touchpoint for MSME’s Customer

/in /by

Micro Small Medium Enterprises (MSMEs) have become one of Indonesia’s most significant contributions to economic growth. Based on data from the Ministry of Cooperatives and SMEs in March 2021, Micro Small Medium Enterprises (MSMEs) had contributed 61,07% of Indonesia’s Gross Domestic Bruto (GDP) or Rp 8.573,89 Billion. Per March 2021, the total of Micro Small Medium Enterprises (MSMEs) in Indonesia has reached 64,2 Million business entities and contributed more than 117 million Human Resources all over Indonesia. With these significant contributions to the Indonesian economy and to make MSME survive in the challenge of the digital era Indonesia Government made a program in 2021 called “MSME’s Go Digital, Go Global”, targeting 30 million MSMEs to go digital in 2024. PT XYZ as one of the digital companies in Indonesia launched a new Digital TouchPoint (DTP) named “ABC” as one of the ways to speed up internet penetration and make it accessible for every MSMEs, grabbing MSME’s market in Indonesia, and participating on succession Indonesian government program.  As a new application, PT XYZ is facing a problem: the user download and user registration of “ABC” are still low; hence, PT XYZ needs new business strategies to increase user download and user registered. Several steps have been taken to propose new business strategies for PT XYZ. For gathering data and conducting a comprehensive external and internal analysis, questionnaires and in-depth interviews were done. VRIO Framework analysis and Internal Factor Evaluation (IFE) were used for internal factors analysis, and Porter’s Five-Forces and External Factor Evaluation (EFE) were used for external factors analysis. Diamond Strategy Formulation was used to formulate the proposed strategies to increase user download and user registered for “ABC”. The proposed strategies are divided into two kinds there is the short-term strategy which will be implemented and executed for one to three years, and the long-term strategy.

Density and Ultrasonic Study of Benzene Sulphonyl Chloride with Hydrocarbon at 303.15 K.

/in /by

Experimental values of  Ultrasonic velocity and density for the binary mixture of   Benzene Sulphonyl Chloride with Hydrocarbons have been measured at 303.15 K over the entire mole fraction range, using these data the excess Adiabatic compressibility (βsE) and excess Free length (Lf E) have been calculated. These parameter were used to study the nature and extent of intermolecular interaction between component molecules, present in binary mixture.  excess value of Adiabatic compressibility (βsE), sound velocity (UE ) and free length(Lf E) were plotted against the mole fraction of  Benzene Sulphonyl Chloride over the whole composition range the value of  βsE, UE, Lf E for these three binary mixture have been found to be negative, the non linear variation of these parameter show the presence of interaction and their excess value is indicative of interaction between the components molecule in all system.

Optimizing Digital Transformation Initiative to Serve Next Billion Users

/in /by

Microfinance as one of the working capital providers for millions of micro to ultra-micro business owner is now facing the challenged of digital disruption. Microfinance such as cooperatives, BMT (Islamic cooperative Baitul Maal wa Tamwil), CU, Rural bank, Ventures is no longer compete to each other as Fintech is starting to enter the ecosystem. The existence of microfinance remains valid as institutions offer requirement that easily can be fulfilled by the segment such as non-collateral and easy access to payment but, fintech with the aggressive expansion and strategy for growth would find them as non-threatening value proposition. Hence microfinance need to aware of the level of threat and be prepared. Nonetheless, digital transformation in the institution could be one of the options to stay competitive.

In order to optimize the digital transformation of microfinance, this study is prepared to validate the area of digitalization and its relation to answer the need of the customers and stay relevance to the underserved market.