An Investigation of Determinants of the Institutional Procurement Performance: A Case of the African Development Bank in Cote D’ivoire (Published)
Today’s dynamics of business environment has placed both the private and public institutions in competition for best practices. It is now a necessity for organizations to provide their clients with cost effective solutions and better customer satisfaction with innovative ideas and methods. One most important approach to gain competitive advantage in a dynamic market environment is by adopting effective procurement practices which determine organizational performance. The purpose of the study was to examine the determinants of institutional procurement performance. Specific objectives of this research work was to find out the effect of staff competence on procurement performance at the African Development Bank; to ascertain the influences of organizational structure on procurement performance at the African Development Bank; establishing the contributions of quality management system on institutional procurement performance at the African Development Bank and finally to examine the influence of information communication technology (ICT) on institutional procurement performance at African Development Bank. The study adopted a descriptive research design. The target population consisted of one hundred and forty (140) procurement staff of the African Development Bank based in Abidjan. A purposive sampling technique was used to select forty two (42) participants involved in procurement practices in the Bank. Primary data was collected from self-administered questionnaire which was analyzed using SPSS Statistical Software Version 23. The research findings were presented in the form of tables and figures. Research finding shows that the independent variables staff competence, Organization structure, Quality management system and Information Technology significantly influence the institutional procurement performance, F(4,34) =6.22, p=0.001, R2 = 0.453. The finding of this study indicated that procurement is both a driving force through competitive strategic selection and an important resource to achieving improved organizational performance. It is expected that if procurement practices are employed effectively, they will improve firm-customer relationship, preserve the environment, motivate and improve the coordination of staff. One limitation of the study was that the researcher was not allowed access to confidential procurement policy documents of the Bank.
Understanding the Nexus between Foreign Institutional Loans and Income Inequality in Nigeria (Published)
This study examines the role of foreign institutional loans in reducing income inequality in Nigeria. Time series data spanning from 1980 to 2017 on each of the variables were sourced from the National Bureau of Statistics and World Development Indicators (WDI). The augmented Dickey Fuller (ADF) unit root test, Johansen multivariate cointegration approach, vector error correction model (VECM) and Granger causality tests were employed as techniques for data analysis. The ADF unit root test results reveal that the variables are all stationary upon first difference and as such they all I(1). The cointegration test results indicate that the variables have long run relationship. The estimated VECM shows that loans from the World Bank and African Development Bank impacted negatively on income inequality. This finding suggests that borrowings from the World Bank and African Development Bank are helpful in collapsing the disparity in the distribution of income within the Nigerian population. The Granger causality test results reveal that joint causality runs from the all the underlying foreign institutional loans to poverty and income inequality. Given the findings, it is recommended that the Federal Ministry of Finance in collaboration with the Debt Management Office (DMO) should ensure that loans sourced from foreign institutions are channeled into productive investments in order to foster rapid and sustained reduction in income inequality.