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Welcome to CRUSpace, The Institutional Repository of Crawford University. A collection of theses, articles,books, videos, images, lectures, papers, data sets, and all types of digital content originating from Crawford University, Nigeria. This repository is managed by the University Library
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Resilience Mindset and Business Survival of SMEs in Nigeria
(Crawford Journal of Economics and Management, 2026) Otseh Justice
This study examined the effect of resilience mindset on the business survival of Small and Medium Enterprises (SMEs) in emerging economies, with particular focus on registered SMEs in Ogun State, Nigeria. The study was motivated by the increasing rate of SME failure resulting from economic instability, changing market conditions, and operational challenges affecting business sustainability. Specifically, the study examined the effect of entrepreneurial adaptability, entrepreneurial resilience, innovation orientation, and strategic flexibility on SME survival. A descriptive survey research design was adopted. The population comprised registered SMEs operating within selected business clusters in Lusada-Agbara road, Ogun States. Using the Taro Yamane formula, a sample size of 345 respondents was determined, while 332 valid questionnaires were returned and analyzed. Data were analyzed using descriptive statistics and multiple regression analysis with the aid of SPSS Version 28. The findings revealed that entrepreneurial adaptability significantly affects SME survival, entrepreneurial resilience significantly affects SME continuity, innovation orientation significantly affects SME sustainability, and strategic flexibility significantly affects the growth and survival of SMEs in emerging economies. The study concluded that resilience mindset plays an important role in sustaining SMEs during periods of uncertainty and economic instability. The study recommended that SME owners should strengthen adaptability, resilience capabilities, innovative practices, and flexible business strategies to improve long-term business survival and sustainability.
Do Dependency Ratios Matter for Savings? Empirical Evidence from Nigeria
(Crawford Journal of Economics and Management, 2026) Olanrewaju Tajudeen Adewale; Olaniyi Oladimeji Abeeb; Adekanmbi Adewale Matthew; Opadeji Samson Adegboyega
Nigeria, like many developing countries, is experiencing significant demographic shifts marked by a youthful population and a gradually increasing aged segment. Understanding how the age composition of the population affects national savings is critical, as savings mobilization plays a key role in investment and economic growth. Given the country's rapid population growth, rising dependency ratios, and evolving labour market dynamics, this study examines the impact of population age composition on savings in Nigeria from 1983 to 2022 using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The study found that LAB, ODR, and YDR have a significant positive relationship with savings in the short run, whereas they exhibit a negative relationship in the long run. However, INF has a negative effect on savings both in the short run and long run. The study concluded that population age composition negatively affects savings in Nigeria. This study, therefore, recommends that the government expand access to financial services and maintain a stable macroeconomic environment by addressing inflation, which negatively impacts savings and investment capacity.
Impact Of Trade Openness on Industrial Growth: Evidence from Low-Income Economies in ECOWAS
(Crawford Journal of Economics and Management, 2026) Gboyinde Victoria Oluwaseye; Balogun Emmanuel Dele; Odeleye Anthonia Taye
This study investigates the impact of trade openness on industrial growth in low-income economies within the ECOWAS region. Secondary data were sourced from the World Development Indicators (WDI) for the eight low-income ECOWAS countries identified by the World Bank, covering the period 1998–2023. The analysis was based on panel data from these eight countries and estimated using the Driscoll and Kraay regression technique, which corrects for cross-sectional dependence, heteroskedasticity, and serial correlation. The findings reveal that while trade openness does not have a significant impact on industrial growth, gross capital formation and real exchange rates have positive and significant impacts. Conversely, foreign direct investment (FDI) and inflation negatively affect industrial growth in these countries. Therefore, the study concludes that trade openness alone is insufficient to drive industrial growth in low-income ECOWAS countries. It recommends policies that promote capital formation, maintain exchange rate stability, improve the quality and productivity of foreign direct investment, and keep inflation at stable levels to support industrial growth.
Inflation And Household’s Welfare of Residents of Ketu/Adie-Owe In Ado-Odo/Ota Local Government Area of Ogun State, Nigeria.
(Crawford Journal of Economics and Management, 2026) Ojo Felix Ayoola; Thompson Temidayo Ayomikun; Alade Adeoluwa Ezekiel
This study examined the effect of inflation on household welfare among residents of Ketu/Adie-Owe Community of Ado-Odo/Ota Local Government Area, Ogun State, Nigeria. Specifically, the study examined the relationship between inflation and household income, determined the effect of inflation on household consumption expenditure, and assessed the impact of inflation on household welfare indicators. A descriptive survey research design was adopted for the study. Data were collected through a structured questionnaire administered to 120 respondents selected from the study area. Data collected were analyzed using descriptive statistics and simple linear regression analysis with the aid of SPSS version 27. The findings revealed that inflation has a significant effect on household welfare (R = 0.508, R² = 0.258, F = 41.135, p < 0.05), indicating that inflation accounted for 25.8% of the variation in household welfare. In addition, inflation was found to have a significant effect on household welfare indicators (R = 0.791, R² = 0.625, F = 196.622, p < 0.05), accounting for 62.5% of the variation in household welfare indicators. The study concluded that inflation significantly affects household welfare, household consumption, and household welfare indicators in Ketu/Adie-Owe Community of AdoOdo/Ota Local Government Area, Ogun State. The study recommended that the government should implement effective monetary and fiscal policies aimed at controlling inflation and stabilizing prices. Furthermore, programmes that enhance household income and social welfare should be strengthened to mitigate the adverse effects of inflation on households.
Business Related Instructions and Profit Outcome of Igbo Traders in the Building Materials Market.
(Crawford Journal of Economics and Management, 2026-03) Onochie Maxwell Prosper; Omolewa Ese Egor; Oladipupo Eunice
The study assessed the relationship between business-related instructions and profit outcomes of Igbo traders in the building materials market within Lagos and Ogun States, specifically targeting Alaba Suru market in Lagos and Ota market in Ogun state, Nigeria. It adopts cross-sectional survey research design, data were collected from 210 respondents using structured questionnaire, data generated from the respondents were analysed using the SmartPLS. The study showed a strong positive relationship between business related instructions and profit outcome of Igbo traders; the study therefore recommends that traders should prioritize business related instructional practices in their business operations to increase their profit outcomes.