Papers by Sheriff Obasanya
UNIZIK Journal of Agricultural Economics and Extension, 2024
The high rate of default among Rotating Savings and Credit Association (ROSCAs) in Yewa North Loc... more The high rate of default among Rotating Savings and Credit Association (ROSCAs) in Yewa North Local Government Area of Ogun State necessitates studies to understand the underlying cause. To this end, this study assessed the effect of demographics of participants in the association on default likelihood. The study employed quasi-experimental research design. The sample for the study was obtained through proportional sampling technique. Descriptive and inferential statistics including frequency distribution tables and logit regression model were used in analysing the data. Results revealed that participants aged 51-60 had the highest default rate at 20.6% within the group of defaulters. The majority (57.3%) of defaulters were found to be females. Lower earners (less than N50,000 per month) constituted the highest percentage (42.7%) within the group of defaulters. Dependency ratio (t-value =,3.472), age (tvalue = 4.073), duration of membership (t-value = 2.178), employment status (t-value= 1.759) and household size (t-value = 2.516) positively influence default in the association while income (t-value =-2.315) negatively influenced default in the association. Marginal effect results revealed that a unit increase in dependency ratio, age, membership duration, employment status, and household size increased default by 6.85%, 0.41%, 3.52 %, 4.91 and 1.47% respectively while a unit increase in income reduced default by 0.07%. The study concludes that household size, income level, age, and the dependency ratio are significant factors influencing likelihood of default in ROSCAs. The study recommends tailored financial education programs that specifically address the needs of members with larger households or higher dependency ratios. The study suggests future research should focus on a longitudinal analysis of default rates, a broader geographical scope, and the effect of external economic conditions on ROSCAs to enhance understanding and generalizability of findings.
International Journal of Management Research and Emerging Sciences
Due to favorable disposition of residents to participation in Rotating Savings and Credit Associa... more Due to favorable disposition of residents to participation in Rotating Savings and Credit Associations (ROSCAs) in the Ogun State, Nigeria many individuals are nursing the ambition to establish one. This study provides empirical link between the socio-economic characteristics of residents within the division with a view to helping prospective foreman to understand factors that predispose residents to participation for decision-making. Data were obtained from 400 respondents and 25 randomly selected residents and foremen respectively within the division. Structured questionnaire and semi-structured interview were the instrument for data collection. The mixed-method collected data were analyzed using descriptive statistics, logit regression model and content analysis as applicable. Irrespective of the respondents’ ROSCA participation status, a typical respondent had about two members of his/her household working. Education, marital status, sex and annual income of the respondents were...
Conference Presentations by Sheriff Obasanya
The significance of youth engagement in promoting positive societal transformation has gained mom... more The significance of youth engagement in promoting positive societal transformation has gained momentum, with a growing need for innovative solutions that leverage contemporary digital trends. Towards providing the innovative solution, this study assessed the role of the Cooperative from home (CFH) model in promoting Youth Engagement and Social Integration, using Pacesetters CMS Limited in Lagos, Nigeria as a case study. The study is anchored on the social capital theory. A mixed-methods research design was employed, involving document analysis and online survey, targeting the cooperative's 54 members with a response rate of approximately 61.1%. Data obtained were analysed using descriptive statistics including frequency distribution tables, charts and measures of central tendencies. The study findings revealed that a majority of cooperative members (93.9%), preferred online meetings, indicating a strong inclination towards digital platforms. Financially, the cooperative has significantly impacted many of its members, with 39.4% witnessing a significant positive change in their finances. Additionally, 60% of members have formed new social connections due to their cooperative involvement, highlighting the cooperative's role in fostering networking opportunities. The CFH model offers a pioneering approach in leveraging digital platforms, promoting financial well-being and enhancing social networks, thereby acting as a catalyst for youth engagement and social integration in the digital era. It is recommended that cooperatives with youths' composition, particularly those in the upper educational class, adopt and adapt the CFH model, capitalizing on its benefits in bridging traditional and digital engagement avenues to foster community development, enhance member engagement, and achieve socioeconomic objectives.
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Papers by Sheriff Obasanya
Conference Presentations by Sheriff Obasanya