Employment Relations & Human Resource Management- Scholarly Publications

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    Open Access
    Core Conventions of the International Labour Organisation (ILO): Implications for Nigerian Labour Laws
    (SEIDU PRESS, 2011-05-17) Mbah, S.E.; Ikemefuna, C. O.
    This paper examines core conventions of the International Labour Organization with possible effects on Nigerian Labour Law. The paper highlights the reasons why the ILO was established, one of which the author states as dealing with social welfare policies on employment of children, among others. The author adopts a theoretical approach, the structural functionalist theory by Talcott Parson to explain the dynamics of the international labour organization. The paper further identifies some of the ILO core Conventions to include, forced labour convention No.29 of 1930, Freedom of Association and protection of the right to organize convention No. 87 of 1948, Right to organize a Collective Bargaining Convention No. 98 of 1949, Occupational Safety and Health No. 155 of 1981 and so on. The paper associates the origin of the Nigerian Labour Law with some of the ILO ratified Legislation which took the form of recommendations. ILO expects member nations that have ratified its conventions to be bound by them. But in international law, it is not an easy thing. In a country like Nigeria with a dualist system any international treaty or law or legislation must be domesticated by the National Assembly before it can be enforced in Nigeria. Backing this up the paper cites section 12 of the constitution of the Federal Republic of Nigeria, 1999, which is a ground norm. Therefore, an ILO Convention that has not been passed into Law in Nigeria cannot be legally enforced. The paper maintains that this explains why some treaties, legislation or laws that have not been domesticated have failed to be enforced in Nigeria. The author finally concludes that in spite of all these that ILO is a dynamic organization that plays diversified roles in international labour matters. That it’s operation at global level should be supported and encouraged to better the life of numerous workers across the member nations.
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    Open Access
    Managing Bank Risks in Nigeria: Analysis of Performance of domestic systematically important banks (D-SIB) using the Camels model
    (UNILAG Journal of Business, 2021) Sogunro, A. B; Gbajumo-Sheriff, M.; Olalude, G. A; Lawuyi, R. M.
    The risk of distress and failure is inherent in the business of banking. When this risk materialises, it impairs the ability of the banks to carry out their vital intermediation function in the economy. Hence, the study aims to assess the financial health of Nigerian banks based on a purposive sampling of six selected Nigerian banks using the CAMELS model that can enable financial institutions to focus on risk and some importance ratios. Data were obtained from the published audited financial statements of the six banks between the periods 2013 to 2018. A CAMELS analysis based on the published financial statements of the six Domestic-Systemically Important Banks (D-SIBs) was carried out. The study found that there was no major change in the CAMELS composite rating performance of the six banks in the period under consideration. The performance was relatively stable moving within a narrow band. While in terms of individual bank performances, the study found that the six banks could be separated into three different groups of high, steady, and poor performers. With an average CAMELS composite rating of "3", the overall state of health of Nigerian banks for the period under review could be described as average, which does not give cause for serious concern, Therefore, constant supervisory attention especially in various component areas of the bank is required to prevent the risk of distress and failure to carry out their vital intermediation function in the economy.
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    Open Access
    Triangular employment relationship, employment practices and opportunities for career growth of agency workers in the Nigerian banking industry
    (University for Development Studies, 2017) Anyim, F. C.; Ideh, D. A.
    The use of agency workers is a common phenomenon in the Nigerian banking industry. The study examines how employment practices and triangular employment relationship affect career opportunities of agency workers in the Nigerian banking industry. The study adopted a cross-sectional survey research design with the aid of a structured questionnaire and in-depth interview schedule. A total of 451 respondents were randomly selected from 18,451 agency workers in triangular employment relationship in the 4 selected banks. Data from the questionnaire were analyzed using both descriptive and inferential statistics, while the analysis of interview data was based on thematic analyses. The findings of the study revealed that: there is a significant relationship between employment practices and opportunities for career growth of agency workers in triangular employment relationship. The study therefore concludes that, triangular employment relationship does not enhance the agency workers’ opportunities for career growth as a result of their exposure to negative employment practices.
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    Open Access
    Global Economic Meltdown in the Oil and Gas Industry: Implications for Employment and Wealth Creation in Nigeria.
    (Department of Business Administration, University of Lagos, 2016) Mbah, S.E; Shadare, O.A
    The paper set out to address how the global meltdown can positively affect employment and wealth creation in Nigeria. The purpose is to critically evaluate the various challenges posed by economic meltdown in relation to the drastic decline in the crude oil price and how these challenges can ginger employment opportunities in Nigeria. The paper utilized mostly qualitative and quantitative content analysis to evaluate the results of economic meltdown which include unemployment, fall in Gross Domestic Product (GDP), high rate of corruption among others. Currently, there is economic recession in Nigeria and people are suffering hardship. It is against this backdrop the paper expresses urgent need for government to see global economic meltdown as opportunity for diversification of the economy. The paper identifies several untapped areas of the economy that if properly harnessed would not only rescue Nigeria’s economy from the doldrums but would also generate employment opportunities and create wealth for economic development. The paper then concludes that Government should look inward and diversify into other areas in order to reduce the risk of over dependence. Keywords: Global, Economic, Meltdown, Employment, Wealth, Oil
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    Open Access
    Dwindling global oil prices: Curse or blessing in disguise for Nigerian State.
    (Department of Business Administration, University of Lagos, Nigeria, 2018) Chidi, O.C; Mbah, S.E; Ogunyomi, P.O
    The study investigated the recent turmoil in global oil prices. The historical research method/approach was adopted with the use of secondary sources of data. The oil and gas industry is strategic to national development and growth of the Nigerian economy. In the 1940s up to the early 1960s, Nigeria relied heavily on the agrarian economy or agricultural produce as the mainstay of the Nigerian economy. In those good old days, there was healthy rivalry among the three main regions of Nigeria; the western, eastern and northern regions with each region producing agricultural products for which they have comparative advantage. Then the Nigerian economy was economically vibrant with high level of employment, high standard of living and low cost of living. With the discovery of oil in commercial quantity at Oloibiri in present day Bayelsa State in 1956; oil became the mainstay of the economy. As a mono-product economy, since the discovery of oil, there has been neglect of other sources of revenue over the years with heavy reliance on crude oil revenue. Annual budgets have always been predicated on oil revenue projections. The recent discovery of shale oil by the United States of America could be viewed as a turning point, necessitating a downward demand for crude oil in the international market coupled with over production by Saudi Arabia as well as the fall in demand by Asian countries like China which has led to the drastic fall in global oil prices. As of the time of writing this paper, Nigeria’s crude oil hit $80 per barrel for the first time since it fell drastically in 2014. The price fell to as low as $28 per barrel at the beginning of 2016. Many observers are of the view that this is a lesson for Nigeria. There are mixed reactions as to whether the current situation is a curse or blessing for the Nigerian State. The authors are of the view that the dwindling global oil prices could be a blessing in disguise rather than a curse for the Nigerian State. It is recommended that government at all levels should urgently diversify the Nigerian economy from oil to nonoil sectors such as solid minerals, agriculture, tourism, textiles and steel industries. The time to diversify the Nigerian economy is now and enough of lip-service by various past governments. In the same vein, government may have to be prudent and eschew all forms of financial profligacy. There is a need to drastically prune down the bloated size of government if Nigeria is to achieve sustainable economic development.