School of Innovative Technology (SIT)

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School of Innovative Technology (SIT)

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Start date: 2020End date: 2024

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    Effect of COVID-19 Pandemic on the Nigerian economy
    (Poona College of Arts, Science and Commerce, 2020) Nurudeen Abu; Musa Abdullahi Sakanko
    This study employs the ARDL estimation method to investigate the impact of COVID-19 pandemic on Nigeria’s stock market using daily data from 23rd March to 29th May 2020. The results of the bounds test to cointegration indicate that a long-run relationship exist between the COVID-19 outbreak and stock market performance. The estimation results demonstrate that COVID-19 (proxied by the number of confirmed cases of infection, the number of deaths and lockdown) has a negative impact on stock market performance in the long-run and the short-run. The results of the stability test reveal that the relationship between COVID-19 pandemic and stock market is stable over the long-run. The study recommends policies to reduce the spread of the virus to lessen its negative impact on the stock market in Nigeria.
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    A Comparative Study of Local and Global Construction Materials Sourcing Strategies for Road Projects in Nigeria
    (CSID Journal of Infrastructure Development (CJID), Faculty of Engineering, Universitas Indonesia, 2024-06-30) Ajiboye, Araoye Olarinkoye; Silas, Micaiah Zhitsu; Adindu, Chinedu Chimdi; Alhassan, Elijah Aina; Kolo, Stephen Sunday
    This study is a comparative analysis of local and global sourcing strategies to determine the impact of strategic material sourcing on road construction project performance. The study aimed to evaluate the effects of material-sourcing strategies on the performance of road construction companies in Nigeria. A mixed-methods approach was used, incorporating both qualitative and quantitative research. Data collection involved sampling techniques using structured questionnaires and oral interviews. Regression analysis evaluated the relationship between strategic material sourcing and road construction performance. The results revealed that 87.5% of the materials used by road construction companies in the study areas were sourced from the local market, which indicates a high dependence on local resources and substantial investments and purchases within the local economy. Additionally, it was shown that local material sourcing was advantageous over global sourcing in terms of quick delivery and cost savings on road projects. However, the study also revealed that global material sourcing was necessary for projects requiring advanced and higher-quality materials. The study concludes that a high percentage of domestic material sourcing is essential for boosting the Nigerian economy through industrialization, employment generation, and a robust and self-sufficient economy. It is recommended that both government and private material suppliers explore ways to enhance the quality and availability of local road construction materials through advanced manufacturing technologies to improve service delivery by road project contractors. Furthermore, expanding the existing road material procurement process could create opportunities for construction companies beyond the local area and foster healthier competition among them by leveraging economies of scale.