Articles

Management of School Finance in a Depressed Economy Society: Imperative for Academic Performance of Students in Selected Secondary Schools

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The study examined the management of school finance in a depressed economy in selected schools in Ado Local Government, Ekiti State.  The study examined academic performance of students. The study adopted descriptive survey research design. The study population comprised all private schools in Ado local government, Ekiti State. The sample consisted of 12 administrators, 60 parents and 240 students selected for the study through multistage sampling procedure using simple random and purposive sampling technique. Three instruments were used for the study titled “School Finance Management Questionnaire” (SFMQ), “Parents Methods of School Fees Payment Questionnaire” (PMSFPQ) and inventory for collection of data on students’ academic performance. The questionnaires were validated and tested for reliability by employing split-half method which yielded 0.83 and 0.85 for SFMQ, PMSFPQ respectively.  The study revealed that students’ academic performance was low. The study revealed that the majority of the school owners generate fund through loan, school fees and other grants. The study also found a significant relationship between depressed economy and academic performance of students. Based on the findings, it was recommended among others that government should see to the needs of private schools in terms of finance, since they pay tax to the government. This would reduce the burden of the parents and improve the performance of the students as well.

Taxes and Unemployment in the Asean Countries

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This study has inspired us to understand the relationship between taxes and unemployment in ASEAN countries. Taxes are one of the sources of government development funding, including human development. The purpose of this study is to find out how much ASEAN four governments are taxed for inaction. The four ASEAN governments are used as examples. The methods used in this study were information verified using the eViews app, 12.The results showed that  simultaneously the variables Foreign Domestic Investment, Exchange Rate have a positive and significant influence on tax revenue. Partially, Foreign Domestic Investment variables and exchange rates have a positive and significant influence, while exchange rate variables have a negative and insignificant influence on tax revenue. Furthermore, the variable of tax revenue has a positive and significant influence on unemployment. For this reason, governments in ASEAN countries need efforts so that tax revenues can increase so as to reduce unemployment in their respective countries.

 

Review of Artificial Intelligence: A Driver of Unemployment or Navigation towards a Prospective Future?

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Artificial intelligence has swiftly penetrated our lives that eased our way of life. With its massive utility in healthcare, education and other commercial sectors, AI has evolved as a boon to the world. Nevertheless, atomisation has resulted in large-scale job loss, retrenchment and unemployment, substituting human labour, resulting in controversies about the significance of advanced technological progressions. This study argues about the extent to which AI has led to unemployment changing the macroeconomics versus the new job opportunities opened by AI and other technological developments, augmenting productivity level and improving quality of service delivered.

Investigating the Relationship between Unemployment and Inflation in Nigeria

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This study considered the impact of inflation on unemployment in Nigeria viz avis selected macroeconomic variables. The researcher adopted co integration, vector error correction model and VEC Granger causality test econometric procedure in the analysis of the data employed. The specific objectives of the study are; (i) to determine the extent to which inflation impact on unemployment in Nigeria within the period of study, (ii) to examine if government expenditure have any significant impact on unemployment in Nigeria within the period of study, (iii) to estimate the significant impact of foreign direct investment on unemployment in Nigeria within the period of study; (iv) to investigate the extent of direction of causality between unemployment and inflation in Nigeria within the period of study. The results of the research revealed long run relationship among estimated variables, VECM result showed a positive significant relationship between inflation and unemployment in the short run and long run, government expenditure and foreign direct investment maintained negative relationship with unemployment both in the short and long run. The VEC Granger causality test indicated causality among UNEM, INF and TGEX. The research recommended that (i) government should focus on policy and strategy that can attract foreign direct investment into the country, (ii) government should try to maintain low inflation rate through suitable monetary policy; (iii) government should encourage investment platforms and enabling environment for effective and efficient national output; and (iv) Government should consciously increase fiscal space for capital activities and projects that are capable of generating income, increase domestic and public spending, improve economic status and reduce unemployment. This paper concluded that the Philip’s curve hypothesis does not apply in Nigeria within the period of study as the result failed to establish an inverse relationship as postulated by A.W. Philips.