https://theinterface.lautech.edu.ng/index.php/theinterface <p>The Interface LAUTECH, a multi-disciplinary publication of the faculty of management sciences, is a platform for researchers to publish their works. It is a bi-annual academic journal of high quality committed to the publication of original research papers on business management, entrepreneurship, small business, economics, accounting, finance, marketing, human resource management, operation management, and other related disciplines. The journal focuses on providing high-quality academic research with practical implications for business practices</p> en-US The Interface https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/93 <p>The Nigerian football league is one of the most popular sports leagues in the world, and it has been attracting more fans and sponsors in recent years. The evolving financial landscape of football, emphasizing the importance of clubs operating sustainably and independently generating revenues. This underscores the need for football clubs in Nigeria to develop effective strategies, such as cost leadership, to maintain financial stability while enhancing on-field performance. Despite its potential impact, there exists a notable gap in research regarding the effect of the cost leadership strategy on the team performance of football clubs within the Nigerian football league. Hence the need to examine the effect of cost leadership strategy on the team performance of football clubs in the Nigerian Football League (NFL). Survey research design was employed for the study and a structured questionnaire on the subject matter was administered. Stratified sampling technique was used to categorize the football clubs and purposive sampling was used to select the 37 out of 90 registered clubs. Fifteen copies of questionnaire were distributed to all the relevant administrators of each of the 37 clubs. Analysis of variance (ANOVA) and Multiple Regressions were used to examine the effect of cost leadership strategy on team&nbsp; performance, All tests were conducted at 5% level of significance. The findings on the effect of cost leadership strategy on the team performance league showed that player wages (p=0.001), transfer fees (p=0.000), operational cost (p=0.009), ticket prices (p=0.000) and sponsorship deals (p=0.014) were significant except merchandise prices (p=0.605) that was not significant.&nbsp; The study concluded that, competitive strategy variables were found to be significant to financial performance of football clubs in the Nigeria football league. The study recommends that football clubs should regularly review and adapt their strategies to align with the dynamic nature of the Nigeria football league.</p> <p>&nbsp;</p> <p>&nbsp;</p> Olalekan Abeeb AZEEZ Olubunmi Ikeolami OLAIFA Copyright (c) 2024 2024-09-06 2024-09-06 4 1 16 16 https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/95 <p>Payment technology encompasses a broad spectrum of digital tools and platforms aimed at facilitating fund transfers among individuals, businesses, and financial institutions. Research indicates that while payment technology holds promise for enhancing operational efficiency and customer satisfaction, its integration into current accounting practices poses notable hurdles. This study therefore sets out to examine the factors influencing payment technology in selected Nigerian Deposit Money Banks (NDMBs). The study employed survey design using well-structured questionnaire. The population of the study will consist of fourteen (14) NDMBs registered and listed on the floor of the Nigerian Exchange Group (NXG) while the sample of ten (10) NDMBs operating on the floor of Nigeria Exchange Group (NXG) was selected using purposive sampling technique. Three hundred and ninety four (394) copies of questionnaire were administered out of which two hundred and sixty (260) copies of questionnaire were returned for data analysis. Both descriptive and inferential statistics were employed for the purpose of the data analyse. Descriptive statistics involved the use of frequencies, tables, figure and percentage to analysis the socio-economic characteristics of the respondents while inferential statistics of Analysis of Variance (ANOVA) was used to examine the factors influencing payment technology in NDMBs. The results of the revealed that there is significant differences in factors influencing technology payment with variations in the comparison of means across the independents variables incorporated into the model&nbsp; , as evidenced by the high Adjusted&nbsp; R² value of 0.72% and a statistically significant p-value of 0.000. The result indicates that Independent variables incorporated into this model have been able to reveal that there are differences in factor influencing payment technology deployment&nbsp;&nbsp; in selected sampled NDMBs. The study concluded that there is significant difference in the factors influencing payment technology deployment in deposit money banks in Nigeria. It is therefore recommended that continuous training and development programs should be implemented by NDMBs to ensure that accounting staff are proficient in using payment technology platforms and understand their impact on accounting procedures.</p> <p>&nbsp;</p> Morufu Oladehinde OLADEJO Jeleel Adegoke AZEEZ Copyright (c) 2024 2024-09-06 2024-09-06 4 1 16 16 https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/96 <p>A tax is a compulsory charge on income, consumption and production imposed upon an individual, Partnership or companies by the government of a nation in order to fund various public expenditures. The success or failure of any tax system depends on the extent to which it is properly managed, as well as the extent to which the tax law is properly interpreted and implemented. The study therefore examines the tax revenue and government expenditure in Southwest, Nigeria. Therefore, this study examines tax revenue profile and economic growth in Sub-Saharan-African countries The study adopts <em>ex-post facto</em> research design while data was sourced secondarily from the audited annual financial reports and budgets of southwestern states governments for the period of Twenty two (22) years 2000-2022. The population of the study comprises of four (4) Sub-Sahara African countries.&nbsp; Analytical techniques used in the study involved time series regression analysis. The result of the panel regression analysis implies that the coefficient for D(VAT) is statistically significant at the 5% level (p-value &lt; 0.05).). Also, the coefficient estimates of correlation shows 0.082301, 0.484761, 0.082941, and 0.046799 for operational CIT, PIT, PPT,&amp; VAT respectively. &nbsp;The study concludes that company income tax has a negative insignificant impact on economic growth,</p> <p>&nbsp;</p> Hassan Taiwo FASINA Oluwabusayo Tejumade OYELAKIN Kayode Wahab OYELEYE Copyright (c) 2024 2024-09-06 2024-09-06 4 1 14 14 https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/97 <p>Nigeria reliance on oil production as a source of income has enormous economic ramifications. Agriculture was abandoned in lieu of oil, which became Nigeria's principal source of revenue and was expected to bring great economic growth and wealth. However, there have been sequences of oil price changes over the last four decades, which has impeded Nigeria's macroeconomic objectives.This study looked at the impact of fiscal policy variables and oil price shocks on sectoral output growth in Nigeria: Evidence from Vector Error Correction Model.This study relied on secondary data. The data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin, National Bureau of Statistics (NBS), World Economic and Financial Surveys for the period of 1981 and 2018 and econometric statistics such as multiple regression and Johansen Co-integration test were used to analyze the data collected. The results showed that government revenue reduces agricultural output out by (6.768981) 6.8 % in the long run, this shows that there was negative relationship between government revenue and agricultural output.Also, one percent increase in government expenditure, reduces agricultural output out (.5488866) by 0.55 % in the long run, this shows that there was a negative relationship between the variables in the long run. Government revenue increases industrial output by 1.2 % in the long run, this shows that there was positive&nbsp; relationship between Government revenue and&nbsp; industrial output &nbsp;Also, one percent increase in Government expenditure, increases&nbsp; industrial output by 2.45 % in the long run, this shows that there was a positive relationship between the variables in the long run.Government expenditure, increases trade and service output by 0.83 % in the long run, this shows that there was a positive relationship between the variables in the long run. One percent increase in external reserve, decreases trade and service output by 0.52% in the long run, this shows that there was negative significant relationship between external reserve and &nbsp;trade and service output in the long run.The study recommends that Government should implement structural reform that will be targeted at eliminating structural inflexibility, enhance production, and promote global competitiveness of our products and services. Such reforms should aim at fashioning institutions to prevent politicians from violating inter-temporal budget constraints, and more generally, from engaging in short-sighted, time inconsistent policies that in the end impasse economic growth.</p> <p>&nbsp;</p> <p>&nbsp;</p> Olaleye Ola ARULOGUN Michael Akinola ARUWAJI Emmanuel Segun ADEKEYE Folasade Foyeke. PETERS Copyright (c) 2024 2024-09-06 2024-09-06 4 1 12 12 https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/98 <p>Nigeria reliance on oil production as a source of income has enormous economic ramifications. Agriculture was abandoned in lieu of oil, which became Nigeria's principal source of revenue and was expected to bring great economic growth and wealth. However, there have been sequences of oil price changes over the last four decades, which has impeded Nigeria's macroeconomic objectives.This study looked at the impact of fiscal policy variables and oil price shocks on sectoral output growth in Nigeria: Evidence from Vector Error Correction Model.This study relied on secondary data. The data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin, National Bureau of Statistics (NBS), World Economic and Financial Surveys for the period of 1981 and 2018 and econometric statistics such as multiple regression and Johansen Co-integration test were used to analyze the data collected. The results showed that government revenue reduces agricultural output out by (6.768981) 6.8 % in the long run, this shows that there was negative relationship between government revenue and agricultural output.Also, one percent increase in government expenditure, reduces agricultural output out (.5488866) by 0.55 % in the long run, this shows that there was a negative relationship between the variables in the long run. Government revenue increases industrial output by 1.2 % in the long run, this shows that there was positive&nbsp; relationship between Government revenue and&nbsp; industrial output &nbsp;Also, one percent increase in Government expenditure, increases&nbsp; industrial output by 2.45 % in the long run, this shows that there was a positive relationship between the variables in the long run.Government expenditure, increases trade and service output by 0.83 % in the long run, this shows that there was a positive relationship between the variables in the long run. One percent increase in external reserve, decreases trade and service output by 0.52% in the long run, this shows that there was negative significant relationship between external reserve and &nbsp;trade and service output in the long run.The study recommends that Government should implement structural reform that will be targeted at eliminating structural inflexibility, enhance production, and promote global competitiveness of our products and services. Such reforms should aim at fashioning institutions to prevent politicians from violating inter-temporal budget constraints, and more generally, from engaging in short-sighted, time inconsistent policies that in the end impasse economic growth.</p> <p>&nbsp;</p> <p>&nbsp;</p> Olaleye Ola ARULOGUN Michael Akinola ARUWAJI Emmanuel Segun ADEKEYE Folasade Foyeke. PETERS Copyright (c) 2024 2024-09-06 2024-09-06 4 1 16 16 https://theinterface.lautech.edu.ng/index.php/theinterface/article/view/99 <p>Nigeria reliance on oil production as a source of income has enormous economic ramifications. Agriculture was abandoned in lieu of oil, which became Nigeria's principal source of revenue and was expected to bring great economic growth and wealth. However, there have been sequences of oil price changes over the last four decades, which has impeded Nigeria's macroeconomic objectives.This study looked at the impact of fiscal policy variables and oil price shocks on sectoral output growth in Nigeria: Evidence from Vector Error Correction Model.This study relied on secondary data. The data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin, National Bureau of Statistics (NBS), World Economic and Financial Surveys for the period of 1981 and 2018 and econometric statistics such as multiple regression and Johansen Co-integration test were used to analyze the data collected. The results showed that government revenue reduces agricultural output out by (6.768981) 6.8 % in the long run, this shows that there was negative relationship between government revenue and agricultural output.Also, one percent increase in government expenditure, reduces agricultural output out (.5488866) by 0.55 % in the long run, this shows that there was a negative relationship between the variables in the long run. Government revenue increases industrial output by 1.2 % in the long run, this shows that there was positive&nbsp; relationship between Government revenue and&nbsp; industrial output &nbsp;Also, one percent increase in Government expenditure, increases&nbsp; industrial output by 2.45 % in the long run, this shows that there was a positive relationship between the variables in the long run.Government expenditure, increases trade and service output by 0.83 % in the long run, this shows that there was a positive relationship between the variables in the long run. One percent increase in external reserve, decreases trade and service output by 0.52% in the long run, this shows that there was negative significant relationship between external reserve and &nbsp;trade and service output in the long run.The study recommends that Government should implement structural reform that will be targeted at eliminating structural inflexibility, enhance production, and promote global competitiveness of our products and services. Such reforms should aim at fashioning institutions to prevent politicians from violating inter-temporal budget constraints, and more generally, from engaging in short-sighted, time inconsistent policies that in the end impasse economic growth.</p> <p>&nbsp;</p> <p>&nbsp;</p> Olaleye Ola ARULOGUN Michael Akinola ARUWAJI Emmanuel Segun ADEKEYE Folasade Foyeke. PETERS Copyright (c) 2024 2024-09-06 2024-09-06 4 1 16 16