Olatunji, T.E - Academia.edu (original) (raw)
Papers by Olatunji, T.E
Islamic University In Uganda Multi Disciplinary Journal, Dec 1, 2020
Deforestation has exacerbated the greenhouse gas emission and the consequent impact on climate ch... more Deforestation has exacerbated the greenhouse gas emission and the consequent impact on climate change. Development efforts in the last five decades, has led to increased degradation of the environment. Forests play a crucial role in ameliorating the impact of greenhouse gases emitted by industries and households. This study examined the prevalence of deforestation, as an indication of environmental service base loss, and identified the nature of climate change impacts occurring in Osun State forests. Contingent Valuation Model (CVM) using the Willingness to Pay (WTP) was adopted to assess the climate change dimensions of deforestation and provide values for accounting purposes. Survey of stakeholders around the forest reserves in Osun State, Nigeria was undertaken. Data gathered and analysed showed that over 18,000 hectares of original forest reserves were deforested with a prevalence of 38.3%, growing at about 4.76%. There was significant difference in respondents’ average WTP for carbon balance (N3,682.74) and greenhouse gases reduction (N3,573.68) at p < 0.05. It was concluded that deforestation is prevalent in the forest reserves of Osun state, Nigeria. The impacts of deforestation measured through CVM provides basis for modelling climate change implications for accounting purposes. It was recommended that tree planting should be accelerated while the activities of those who convert wood to charcoal should be discouraged. Conscious effort to boost carbon sequestration should be encouraged through expansion of forests.
International Journal in Management and Social Science, 2015
The study investigated the developmental implications of environmental taxation in Nigeria. Speci... more The study investigated the developmental implications of environmental taxation in Nigeria. Specifically the study examined the relationship between environmental taxation and environmental quality in the country, its influence on cost effectiveness of Nigeria firms and its contribution to the improvement of standard of living of the citizenry. Using primary data sourced from a sample of 100 respondents with the use of questionnaire, and employing series of descriptive and inferential statistical analyses. The study found out that environmental taxation is coterminous with improved environmental quality, that environmental taxation has no significant influence on cost effectiveness of Nigerian firms and that environmental taxation has not culminated into improved standard of living in the country. Thus the study concluded that government should ensure that the structure and administration of environmental taxation in Nigeria should be void of loopholes that can permit tax evasion and avoidance and that the proceeds from environmental taxes should be channelled towards remediation of environmental degradation and infrastructural development in the country. Keywords: Environmental taxation, development, cost effectiveness, environmental quality, remediation, standard of living.
Islamic University In Uganda Multi Disciplinary Journal, Dec 1, 2020
Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-... more Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-fuel driven turbines and other alternatives are becoming commonplace. The concern for power generation tends to becloud environmental and natural resource degradation that accompanies execution of hydropower projects or plants. One of the principal resources concerned is the watershed of hosting rivers. These impacts reflect on fishery, navigation, domestic and agricultural water supplies. This study examined the impacts of hydropower plants on watershed of Jebba lake on Niger River and evaluates the environmental cost of that impact on the various facets of the watershed. It also assessed the efficacy of remediation in respect of hydropower plants hosting communities. Contingent valuation method was adopted through a survey of local communities and the Jebba lake of Niger River watershed, Jebba - Nigeria. Stratified samples were drawn from fishers, farmers and dwellers of neighboring co...
The International Journal of Business & Management, 2020
This paper examined evaluation of environmental financial reporting practices among Nigeria quote... more This paper examined evaluation of environmental financial reporting practices among Nigeria quoted companies. This study used both primary and secondary data. Primary data was obtained through the administration of a structured questionnaire which was distributed among 302 respondents randomly selected from twenty percent (20%) of the entire quoted Nigerian companies whose population stands at 216 as at January 2016. Secondary data was obtained from the annual reports and accounts of the sampled companies covering a period of 10 years (2007-2016). Anova was used to determine the level of corporate environmental disclosure practices among Nigerian quoted companies and one-way anova was used to evaluate the level of compliance of quoted companies in Nigeria comply with the ISO. Results showed that 80% of respondents affirmed that environmental information disclosed by companies formed a major part of company's annual report and corporate website. It was also observed that there was a significant difference in the level of corporate environmental disclosure among selected quoted companies (p=0.224). Also 90% of respondents affirmed that there was corporate environmental disclosure practice production in the study area. The study concluded that environmental reporting among Nigerian quoted firms complied with ISO 14031 requirements Return on Total Asset, Debt-to-Equity Ratio and Firm Size had positive significant effect on Environmental Disclosure Index.
International Journal of Research and Innovation in Social Science (IJRISS), 2022
Accrual Basis of Accounting is the process whereby revenue is recorded when it is earned, and exp... more Accrual Basis of Accounting is the process whereby revenue is recorded when it is earned, and expenditure is recorded when the consequence in liabilities is known or when benefits are obtained. This study adds to the current debate by looking at the elements that influence Accrual Basis of Accounting (ABA). This study analysed the factors determining implementation of ABA and the Quality of Financial Reporting in the Public Sector. The study adopted ex-post facto and exploratory research designs. Primary data through structured questionnaires were administered to the respondents from Accountant General's Office, Auditor Generals' Office, Ministry of Finance and Osun State Internal Revenue Service as well as the Public Accounts Committee of the State legislature were all used for the investigation. Principal Component Analysis (PCA) was used to analyse the determinants of implementation of Accrual Basis of Accounting. Results from Principal Component Analysis (PCA) showed that the nine (9) components of Accrual Basis of Accounting (ABA) can be combined efficiently into two (2) factors i.e International Accounting Standards and System/Administrative factor explaining 81.3% of the total variance among the intercorrelations of the nine (9) components of accrual accounting with eigenvalues of 3.057 and 1.067 respectively while other factors were below 1.0 base rate. The result of mean ranking with a value of 3.82 and 3.66 revealed that the existence of the cost-expensebased budget and prevalence of the traditional bureaucratic model of management are the major barriers to implementation of ABA in the study area. The study concluded that from the result of principal component analysis, the result indicated that out of the nine (9) itemized components (International Accounting Standards, System/administrative factor, High cost of personnel training, Costly implementation, Time consuming, High opportunity cost, Personal factors, Political factors and Low level of education and weak expertise) only the first two factors are prominent to this study. The sensitivity of the factors explained further that the components are categorized into International Accounting Standards and System/Administrative factor. It is therefore recommended that governments should provide the ministries, departments and agencies with necessary funding facilities and training towards implementing Accrual Based Accounting in their states.
Islamic University In Uganda Multi Disciplinary Journal, Dec 1, 2020
Deforestation has exacerbated the greenhouse gas emission and the consequent impact on climate ch... more Deforestation has exacerbated the greenhouse gas emission and the consequent impact on climate change. Development efforts in the last five decades, has led to increased degradation of the environment. Forests play a crucial role in ameliorating the impact of greenhouse gases emitted by industries and households. This study examined the prevalence of deforestation, as an indication of environmental service base loss, and identified the nature of climate change impacts occurring in Osun State forests. Contingent Valuation Model (CVM) using the Willingness to Pay (WTP) was adopted to assess the climate change dimensions of deforestation and provide values for accounting purposes. Survey of stakeholders around the forest reserves in Osun State, Nigeria was undertaken. Data gathered and analysed showed that over 18,000 hectares of original forest reserves were deforested with a prevalence of 38.3%, growing at about 4.76%. There was significant difference in respondents’ average WTP for carbon balance (N3,682.74) and greenhouse gases reduction (N3,573.68) at p < 0.05. It was concluded that deforestation is prevalent in the forest reserves of Osun state, Nigeria. The impacts of deforestation measured through CVM provides basis for modelling climate change implications for accounting purposes. It was recommended that tree planting should be accelerated while the activities of those who convert wood to charcoal should be discouraged. Conscious effort to boost carbon sequestration should be encouraged through expansion of forests.
International Journal in Management and Social Science, 2015
The study investigated the developmental implications of environmental taxation in Nigeria. Speci... more The study investigated the developmental implications of environmental taxation in Nigeria. Specifically the study examined the relationship between environmental taxation and environmental quality in the country, its influence on cost effectiveness of Nigeria firms and its contribution to the improvement of standard of living of the citizenry. Using primary data sourced from a sample of 100 respondents with the use of questionnaire, and employing series of descriptive and inferential statistical analyses. The study found out that environmental taxation is coterminous with improved environmental quality, that environmental taxation has no significant influence on cost effectiveness of Nigerian firms and that environmental taxation has not culminated into improved standard of living in the country. Thus the study concluded that government should ensure that the structure and administration of environmental taxation in Nigeria should be void of loopholes that can permit tax evasion and avoidance and that the proceeds from environmental taxes should be channelled towards remediation of environmental degradation and infrastructural development in the country. Keywords: Environmental taxation, development, cost effectiveness, environmental quality, remediation, standard of living.
Islamic University In Uganda Multi Disciplinary Journal, Dec 1, 2020
Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-... more Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-fuel driven turbines and other alternatives are becoming commonplace. The concern for power generation tends to becloud environmental and natural resource degradation that accompanies execution of hydropower projects or plants. One of the principal resources concerned is the watershed of hosting rivers. These impacts reflect on fishery, navigation, domestic and agricultural water supplies. This study examined the impacts of hydropower plants on watershed of Jebba lake on Niger River and evaluates the environmental cost of that impact on the various facets of the watershed. It also assessed the efficacy of remediation in respect of hydropower plants hosting communities. Contingent valuation method was adopted through a survey of local communities and the Jebba lake of Niger River watershed, Jebba - Nigeria. Stratified samples were drawn from fishers, farmers and dwellers of neighboring co...
The International Journal of Business & Management, 2020
This paper examined evaluation of environmental financial reporting practices among Nigeria quote... more This paper examined evaluation of environmental financial reporting practices among Nigeria quoted companies. This study used both primary and secondary data. Primary data was obtained through the administration of a structured questionnaire which was distributed among 302 respondents randomly selected from twenty percent (20%) of the entire quoted Nigerian companies whose population stands at 216 as at January 2016. Secondary data was obtained from the annual reports and accounts of the sampled companies covering a period of 10 years (2007-2016). Anova was used to determine the level of corporate environmental disclosure practices among Nigerian quoted companies and one-way anova was used to evaluate the level of compliance of quoted companies in Nigeria comply with the ISO. Results showed that 80% of respondents affirmed that environmental information disclosed by companies formed a major part of company's annual report and corporate website. It was also observed that there was a significant difference in the level of corporate environmental disclosure among selected quoted companies (p=0.224). Also 90% of respondents affirmed that there was corporate environmental disclosure practice production in the study area. The study concluded that environmental reporting among Nigerian quoted firms complied with ISO 14031 requirements Return on Total Asset, Debt-to-Equity Ratio and Firm Size had positive significant effect on Environmental Disclosure Index.
International Journal of Research and Innovation in Social Science (IJRISS), 2022
Accrual Basis of Accounting is the process whereby revenue is recorded when it is earned, and exp... more Accrual Basis of Accounting is the process whereby revenue is recorded when it is earned, and expenditure is recorded when the consequence in liabilities is known or when benefits are obtained. This study adds to the current debate by looking at the elements that influence Accrual Basis of Accounting (ABA). This study analysed the factors determining implementation of ABA and the Quality of Financial Reporting in the Public Sector. The study adopted ex-post facto and exploratory research designs. Primary data through structured questionnaires were administered to the respondents from Accountant General's Office, Auditor Generals' Office, Ministry of Finance and Osun State Internal Revenue Service as well as the Public Accounts Committee of the State legislature were all used for the investigation. Principal Component Analysis (PCA) was used to analyse the determinants of implementation of Accrual Basis of Accounting. Results from Principal Component Analysis (PCA) showed that the nine (9) components of Accrual Basis of Accounting (ABA) can be combined efficiently into two (2) factors i.e International Accounting Standards and System/Administrative factor explaining 81.3% of the total variance among the intercorrelations of the nine (9) components of accrual accounting with eigenvalues of 3.057 and 1.067 respectively while other factors were below 1.0 base rate. The result of mean ranking with a value of 3.82 and 3.66 revealed that the existence of the cost-expensebased budget and prevalence of the traditional bureaucratic model of management are the major barriers to implementation of ABA in the study area. The study concluded that from the result of principal component analysis, the result indicated that out of the nine (9) itemized components (International Accounting Standards, System/administrative factor, High cost of personnel training, Costly implementation, Time consuming, High opportunity cost, Personal factors, Political factors and Low level of education and weak expertise) only the first two factors are prominent to this study. The sensitivity of the factors explained further that the components are categorized into International Accounting Standards and System/Administrative factor. It is therefore recommended that governments should provide the ministries, departments and agencies with necessary funding facilities and training towards implementing Accrual Based Accounting in their states.