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All Journal ORGANIZE: Journal of Economics, Management and Finance INTERDISIPLIN: Journal of Qualitative and Quantitative Research
Song, Muru Bitrus
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Microfinance Banks and Micro, Small and Medium Enterprises (MSMEs)Performance: The Implications of Micro Saving Habit Among Owners in Federal Capital Territory, Abuja, Nigeria Song, Muru Bitrus
ORGANIZE: Journal of Economics, Management and Finance Vol. 4 No. 1 (2025): Economic Transformation and Development
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58355/organize.v4i1.147

Abstract

The study examined the implication of saving habit on MSMEs’ performance in Federal Capital Territory, Abuja, Nigeria. Thereafter, four-hundred MSMEs owners were sampled in the study areas using the Yamane (1967) in the six Area Councils of Abuja. Also, the descriptive statistics and Logit regression technique were used. From the descriptive statistics analysis, 94.6% sampled respondents fall within the economic active age; female (60.5%) and male (39.5%). Furthermore, large number of sampled respondents realized more than the monthly minimum wage of 70,000 naira; hence, they are considered economically averagely okay. The logit regression estimate showed that micro saving, loans from family members, loans from other sources and age of the respondent were significant and directly related to growth of MSMEs; while, loans from commercial banks was significant and indirectly related to growth of MSMEs at 5%significant level. Suggesting that having a daily, weekly, monthly or yearly saving with microfinance banks within the Federal Capital Territory, Abuja goes a long in contributing to growth of MSMEs. The study concluded that saving habit among MSMEs either on a daily basis, weekly, monthly or yearly with microfinance banks promote their creditworthiness, which boost MSMEs’ performance. Therefore, recommended that that MSMEs’ owners should ensure fully compliance with microfinance saving rule by not defaulting on their respective saving method pattern. Also, each MSMEs’ owners also should adopt a suitable saving pattern, which can also be on a daily basis, weekly, monthly or yearly
Impact of Microfinance Banks on the Performance of Micro, Small and Medium Enterprises (MSMEs): A Study of Federal Capital Territory, Abuja, Nigeria Song, Muru Bitrus; Jimaza, Michael; Okoroafor, O. K. David
ORGANIZE: Journal of Economics, Management and Finance Vol. 4 No. 3 (2025): Economic Transformation and Development
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58355/organize.v4i3.191

Abstract

The study examined the impact of microfinancing on the performance of micro, small and medium enterprises in Federal Capital Territory, Abuja, Nigeria. Four-hundred MSMEs owners were sampled using the Yamane (1967) method in all the six Area Councils of Abuja. Also, the descriptive statistics which include frequency, percentage and cumulative percentage were used in analyzing the socio-economic characteristics of the respondents; while, the logit regression was used to analyze the formulated objectives of the study. The logit regression estimates showed that loans from microfinance banks, economical age active, loan from family members and other sources were explicitly significant and directly impact the MSMEs; while, loans from commercial banks was also significant and indirectly impact it. These imply that MSMEs that have access to loan from microfinance banks is 20.0% likely to expand their production capacity than non-customer. The study concluded that MSMEs operations that have access to credit from microfinance banks experience growth in their business performance; while reverse is the case for non-customers. The study recommended that the apex bank within the country should ensure that the micro-finance banks comply with the core values of its operations that concerns with promoting rural development through financial inclusion and financial literacy, deposit mobilization, and credit delivery to finance micro-enterprises.
Analyzing Government Spending and Consumers’ Welfare in Nigeria: An Auto-Regressive Distributed Lag Approach (ARDL) Song, Muru Bitrus
INTERDISIPLIN: Journal of Qualitative and Quantitative Research Vol. 2 No. 5 (2025)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/interdisiplin.v2i5.130

Abstract

Abstract Nigerian government spending on recurrent expenditures, particularly on financial intervention programmes, has increased during the past eight years. Despite this, the country is still recognized as a poor nation with a high percentage of poverty in Sub-Sahara Africa. Therefore, the study examined the effect of government spending on consumers’ welfare from 1986 to 2023. The reason for the timeframe was due to the adoption ARDL approach. The study used secondary data that was collected from Central Bank of Nigeria, Statistical Bulletin (2023), as well as, International Monetary Fund data base (2025). Augmented Dickey Fuller (ADF) and Philip Perron (PP) unit root test were used for the pretest; while Auto-regressive Distributed Lag was used to achieved the formulated objectives. Both the ADF and PP confirmed that lending interest rate was stationary at level; while, private consumption expenditure, recurrent expenditure, capital expenditure, and consumer price index were stationary at first level difference. The bound test confirmed a long-run association between the variables. The ARDL result showed that recurrent expenditure and lending interest rate were significantly and positively related to private consumption expenditure, whereas consumer price index was significantly and negatively related to it. Furthermore, capital expenditure was insignificant. It was concluded that recurrent expenditure was the only means through which Nigerian government boosts consumers’ welfare in term of spending, while maintaining lower lending rates and consumer price index support consumers’ welfare. Therefore, the study recommended that governments at the federal, state, and local levels should increase their capital expenditure through huge investments in infrastructure and other capital projects.
Co-Authors Jimaza, Michael Okoroafor, O. K. David