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Crawford Journal of Economics and Management
(2026) Crawford Journal of Economics and Management
Financial Technology and Financial Inclusion of the Residents of Ado-Odo Ota Local Government Area, Ogun State, Nigeria.
(Crawford Journal of Economics and Management, 2026) Ojo Felix Ayoola; Alade Adeoluwa Ezekiel; Thompson Temidayo Ayomikun
This study examined the effect of financial technology on financial inclusion among residents of Ado-Odo/Ota Local Government Area, Ogun State, Nigeria, focusing on mobile banking services, Point-of-Sale (POS) usage, and fintech-based digital financial services in relation to access to, usage of, and convenience of financial services. A descriptive survey research design was adopted, and data were collected through structured questionnaires administered to traders, artisans, and other residents within the study area. The data were analysed using descriptive statistics and multiple regression analysis with the aid of SPSS version 27. The findings revealed that mobile banking services have a significant positive effect on access to financial services, POS usage has a strong and significant positive effect on usage of financial services, and fintech-based digital financial services have a significant positive effect on the convenience of financial services. The study concludes that financial technology significantly enhances financial inclusion in the study area and recommends improved digital infrastructure, expansion of POS services, and promotion of fintech adoption through digital literacy programmes.
Sales Growth and Financial Performance of Listed Consumer Goods Firms in Nigeria
(Crawford Journal of Economics and Management, 2026) Oyeneye Temitope Esther; Adu Cecilia Adurayemi; Oyeneye Olusegun Taiwo
This study examined the influence of sales growth on the financial performance of listed consumer goods firms in Nigeria. The objective was to determine how sales growth shapes key performance indicators such as return on equity, return on assets, and net profit margin. An ex post facto research design was adopted, and purposive sampling technique was used to extract data from the Annual Reports and Accounts of fifteen (15) listed consumer goods firms selected from the twenty-one (21) firms on the Nigerian Exchange. The study covered a ten-year period from 2014 to 2023. Prior to estimation, relevant diagnostic tests were conducted to ensure the validity and reliability of the regression model. Panel data was employed to assess the extent to which sales growth affects the financial performance of the sampled firms. The findings indicated that sales growth has a positive and statistically significant effect on return on equity. Conversely, no significant relationship was found between sales growth and return on assets or net profit margin. Based on these outcomes, the study recommends that consumer goods firms in Nigeria strengthen operational efficiency strategies to enhance cost control and optimize resource utilization.
The Complementary Impact of Unemployment and Inflation on Literacy in West Africa from 2000 to 2023: Evidence from Panel ARDL
(Crawford Journal of Economics and Management, 2026) Amire Comfort M; Oyenukan Olukayode O
This study observes the complementary impact of unemployment and inflation rate on human capital education in 15 West African countries from 2000 to 2023. Education is proxied by literacy rate as a regressor against the selected macroeconomic environment. A Panel ARDL technique was adopted along Bounds test, Granger causality, and Impulse Response Function on data set of 358 observations for each variable employed. The study then, rooted in a three-pronged theoretical framework of Uzawa's Two - Sector Model of Human Capital Accumulation, Classical Theories of Labour & Price Stability, and Human Capital Theory. The findings disclose that in the short run, unemployment, inflation, and their interaction have insignificant relationships with education (literacy). In the long run, unemployment (-0.253281; p= 0.0000) and inflation (-0.194927; p= 0.0000) has individually reduced literacy outcomes but credit to the private sector positively expands education outcomes. The interaction term is positively significant (0.037879; p= 0.0000), indicating that households adapt by reallocating time to education under stagflation tohedge human capital idleness. And lastly, a long-run cointegration occurs only in Cape Verde and Ghana out of 15 West African countries. On that note, the study concludes that macroeconomic instability coerces literacy and induces 'JAPA syndrome' in West Africa. But its joint effect triggers adaptive education investment. Therefore, policy should combine price stability, job creation, credit expansion, and education quality reforms to sustain human capital expansions and restrain mass skilled migration termed 'JAPA syndrome' in West Africa.
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.