Browsing by Author "Adeosun Oluyemi Theophilus"

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    Empirical analysis of the push Factors of human capital flight in Nigeria
    (Emerald Publishing Limited, 2020-10-24) Popogbe Oluwaseyi Omowunmi; Adeosun Oluyemi Theophilus
    Purpose – Human capital flight from Nigeria to developed countries has remained a topical issue. This paper aims to empirically analyze the push factors for the migrants who explore the various legal migrant schemes from a macro perspective. The authors examine human capital development and its role in contributing to human capital flight tomore developed counties. Design/methodology/approach – This paper is anchored on the push–pull model. Using secondary data from 1990 to 2019, the authors look at the relationship between human capital flight and variables such as life expectancy, infant mortality rate, population growth rate and Nigeria’s unemployment rate. The auto-regressive lag model (ARDL) was adopted to estimate the empirical relationship among these variables. Findings – The results from the ARDL model suggest a positive relationship exists between population growth rate and migration rate. A negative relationship was, however, observed between life expectancy and migration rate. This study also found that an increase in the infant mortality rate negatively impacted migration significantly. Therefore, an increase in infant mortality rate lowered the migration rate. Finally, an increase in the unemployment rate increased migration; however, insignificantly. Research limitations/implications – The findings from this study are limited to the push factors influencing migration out of Nigeria. These factors are also restricted to variables for which data can be derived under the study’s scope. The results of this study have far-reaching implications, especially for policymakers and citizens alike. Better human capital development through enhanced life expectancy and reduced population in Nigeria will reduce the migration rate. Therefore, this study calls for the doubling of developmental and infrastructural efforts at all levels of governance. Originality/value – This paper’s importance lies in its ability to elucidate push factors that influenced migration out of Nigeria empirically. An empirical approach to the subject matter will explain these factors and the degree to which they influence migration. This will guide the policy-making process in curbing brain drain, which is a major challenge in Nigeria.
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    Human capital flight and output growth nexus: evidence from Nigeria
    (Emerald Publishing Limited, 2021-02-15) Popogbe Oluwaseyi Omowunmi; Adeosun Oluyemi Theophilus
    concerns to governments and scholars alike. This paper aims to explore the impact migration from Nigeria has on economic output growth by focusing on the migration rate, remittances, population growth and secondary school enrolment. This has not received adequate attention in the literature, as many papers have primarily focused on the impact of remittances on economic growth. Design/methodology/approach – Leveraging on the macro-level approach to migration, remittances and the economy, this research considers the nexus among the human capital flight and output growth variables by using the autoregressive distributed lag (ARDL) method of analysis for time series data between 1986 and 2018. Findings – The net migration rate from Nigeria was found from the empirical analysis to be more disadvantageous for the economy, given its negative relationship with economic growth despite the large volume of foreign incomes (remittances). It also shows that secondary school enrolment positively and significantly impacted the Nigerian growth rate in the long run. Originality/value – This research has widened the use of variables by combining net migration rate, remittances from abroad, population growth rate and secondary school enrolment to obtain a more robust outcome with implications for research and practice.
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    Population growth and human resource utilization nexus in Nigeria
    (Journal of Humanities and Applied Social Sciences, 2021) Popogbe Oluwaseyi Omowunmi; Adeosun Oluyemi Theophilus
    Purpose – Population growth has remained a key issue facing developing economies in the world. While developed countries are experiencing diminished or negative population growth, many countries in sub- Saharan Africa including Nigeria are having population growth above the economic growth rate. With the deadline for the sustainable development goals approaching, attention is increasingly being focused on population growth and human capital development. Extant literature focused on population growth, human resource utilization and economic growth but this study aims to examine the effect of population growth on human resource utilization. Design/methodology/approach – Using secondary data for the period 1990-2018, the study conducted unit root test and co integration analyses to determine the stationarity and correlation in the long-run in the variables. The study used the error correction model to ascertain the speed at which shocks can be corrected in the long-run. Granger causality test was also carried out to ascertain the direction of causality among the variables. Findings – The empirical results revealed that population growth has a negative and significant effect on human resource utilization. The study also revealed that unidirectional causality runs from employment rate to population growth rate and a unidirectional causality runs from employment growth rate to expected years of schooling. The Nigerian Government needs to not only control population growth but also focus on the quality of education. Originality/value – The paper provides insights into the relationship between population growth and human capital utilization in Nigeria focusing on the 1986-2018 period.
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    Severity of Poverty amongst Entrepreneurs in Slum Settlement: A Case of Makoko Community, Lagos State, Nigeria
    (Crawford Journal of Business & Social Sciences, 2021-03) Popogbe Oluwaseyi Omowunmi; Adeosun Oluyemi Theophilus
    The informal economic activities in the slum of urban cities and their impact on poverty are gaining attention. While attempts have been made to measure poverty in slums, and rural communities, empirical evidence on poverty severity within the entrepreneurial class of the slum is scanty. We explore the severity of poverty amongst entrepreneurs and self-employed in the Makoko slum community in Lagos State, Nigeria. Leveraging on primary data obtained from a survey questionnaire designed to elicit information from 300 entrepreneurs living in these communities, descriptive and inferential statistics were employed. Specifically, the Foster, Greer, and Thorbecke (FGT) or Severity/Squared Poverty Gap Index was employed in measuring the severity of poverty amongst the groups of entrepreneurs. The incidence of 0.092% shows that the poverty incidence is mild amongst entrepreneurs in this community. This is contrary to the result when taken for the entire population, as obtained by previous studies. This indicates that welfare programs and empowerment interventions should be multifaceted, even when targeting citizens at the bottom of the pyramid. This paper investigates unique and overlooked strata of the bottom of the pyramid, i.e., the entrepreneurs and the self-employed. This is relevant in getting a holistic solution to the challenge of poverty reduction and alleviation.
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    Women entrepreneurship and microfinance: implications on the mental well-being of informal traders in Lagos, Nigeria
    (Journal of Humanities and Applied Social Sciences, 2024) Popogbe Oluwaseyi Omowunmi; Olohunlana Aminat Olayinka; Shittu Ayodele Ibrahim; Adeosun Oluyemi Theophilus; Olohunlana Dapo Somod
    Purpose – Although microfinancing is considered a key tool for fostering women’s entrepreneurship development, there is growing concern regarding the impact of loan repayment strategies on the mental health of women entrepreneurs. This study seeks to unravel the implications of microfinance loans on the mental wellbeing of women entrepreneurs. Design/methodology/approach – A carefully structured questionnaire was distributed to a purposive sample of one hundred women entrepreneurs in Lagos State using a mixed-method research approach. Also, interviews were conducted using an interview guide, which directly mirrored the questionnaire administered to five focus groups within Lagos State. Findings – The study found that loan repayment and recovery strategies positively and significantly impact women entrepreneurs’ mental well-being, with psychological distress serving as a measure for measuring mental well-being. Additionally, other factors such as the number of dependants and household headship trigger psychological distress, while age in business was associated with a reduction in psychological distress. Originality/value – This study contributes to the existing literature by delving into the psychological implications of loan repayment strategies on the mental health of female entrepreneurs in Lagos State, Nigeria. Furthermore, it employs a triangulation research approach to validate questionnaire responses through focus group discussions.