International Research and Academic scholar society

IRASS Journal of Economics and Business Management

Issue-8(August), Volume-2 2025

1. AN EVALUATION OF NEW AND EXISTING PUBLIC HOUSING PROGRAMMES IN NIGERIA...
4

Ashiedu Daniel Udoka, Tyodzer...
Department of Public Administration Faculty of Management Science Veritas University, Abuja Nigeria
1-16
https://doi.org/10.5281/zenodo.16746415

The aim of this paper is to develop and test a theoretical and conceptual framework for an alternative approach to evaluation of public housing programmes in Nigeria. It seeks to address limitations of existing approaches where one theory or discipline has the upper hand in evaluating public housing programmes. This paper proposes a broad-based framework for assessing relationships between input, output and outcomes of public housing programmes through a realistic approach to evaluation based on objective-oriented theory, theory-driven evaluation paradigm and conceptual issues. This approach allows for the use of logical framework to explain the complex connections between underlying programme theory and outcomes. The distinct features of this alternative evaluation approach include: an open-ended evaluation approach; housing providers and residents’ participation; broad-based and a multifaceted data gathering approaches and analysis in distinguishing the outcome of different housing delivery strategies in public housing programmes.

2. THE IMPACT OF THE RUSSIA–UKRAINE WAR ON GERMANY AND NIGERIA: A SYNTHET...
2

Uwem Essia*
Uwem Essia Policy Advice (UEPA) Uyo, Nigeria
17-23
https://doi.org/10.5281/zenodo.16791571

The Russia–Ukraine war, which began in 2022, has triggered unprecedented geopolitical and economic disruptions, reshaping trade, energy security, and social stability worldwide. This paper examines its impacts on Germany, representing the European Union (EU), and Nigeria, representing Sub-Saharan Africa (SSA), using the Synthetic Control Method (SCM) to construct counterfactual scenarios. Seven key indicators—GDP growth, inflation, access to clean fuels, poverty gap, food imports, cereal yield, and food production index—were analyzed for the period 2010–2023, with projections through 2030. Findings reveal sharp divergences in macroeconomic performance: Germany experienced immediate inflationary spikes and a GDP contraction by 2023, while Nigeria faced intensified inflationary pressures, declining food security, and persistent energy access challenges. Synthetic controls suggest both countries underperformed compared to their counterfactual trajectories, with Germany’s gap concentrated in industrial and energy-linked sectors, and Nigeria’s in agricultural output and poverty reduction. Projections to 2030 indicate partial recovery for both, contingent on energy diversification, social protection, and trade adaptation strategies. The study offers comparative policy lessons, emphasizing the role of structural resilience, economic diversification, and coordinated international responses in mitigating the economic costs of geopolitical conflicts.

3. Adoption of Fintech and Operational Performance of Listed Insurance Co...
2

Musa, Success Jibrin*, Success...
Department of Accounting, Veritas University Abuja
24-33
https://doi.org/10.5281/zenodo.17010433

The rapid advancement of Financial Technology (Fintech) is reshaping the insurance sector globally, with significant implications for operational performance. This study explores the relationship between the adoption of digital payment platforms (ADPP) and operational performance, specifically cost management (CM), in listed insurance companies in Nigeria. Using a quantitative approach, the study examines data from 200 respondents across 10 Nigerian insurance firms. The findings reveal a moderate positive correlation (0.4642) between ADPP and CM, with a statistically significant regression result (p-value = 0.0002). These results suggest that the integration of digital payment platforms enhances cost management by streamlining payment processes, reducing transaction costs, and improving operational efficiency. The study also highlights the role of regulatory frameworks and consumer readiness in facilitating this adoption. Additionally, while the adoption of digital payment systems offers several benefits, challenges such as cyber security risks and high implementation costs must be addressed. The study concludes that digital payment platforms play a crucial role in improving cost management for Nigerian insurance companies and recommends further investment in digital tools and employee training to maximize operational efficiency.

4. FINANCIAL ETHICS
6

Dr. John Motsamai Modise*
Tshwane University of Technology
34-51
https://doi.org/10.5281/zenodo.17010439

This study aims to develop a framework for ethical leadership in the financial sector that fosters responsible innovation while addressing the risks posed by emerging technologies. It highlights the importance of aligning financial innovation with ethical principles to ensure long-term trust, transparency, and positive societal impact. The financial industry faces a persistent ethical dilemma balancing profit-driven innovation with integrity, fairness, and social responsibility. While legal compliance exists, it often falls short of addressing complex ethical challenges, including data misuse, algorithmic bias, and short-termism. The rapid advancement of technologies such as AI, blockchain, and big data further intensifies these dilemmas, making the need for robust ethical leadership critical. The study adopts a systematic literature review approach, drawing from scholarly journals, institutional reports, regulatory guidelines, and thought leadership in finance ethics. This review focuses on literature from 2000–2024, emphasizing trends post-global financial crisis and in the wake of FinTech and ESG developments. It identifies key ethical challenges, examines leadership responses, and synthesizes best practices for responsible innovation. This research proposes a leadership framework for responsible financial innovation, bridging ethical theory and practical application. It contributes to the discourse on ethical finance by integrating leadership theory, ethics, ESG principles, and technological governance. It also highlights the importance of longterm stakeholder value over short-term gains. Ethical leadership in finance is lacking uniform implementation despite increasing awareness. Financial institutions often struggle to integrate ethical considerations into innovation, especially regarding AI and data ethics. ESG-aligned practices improve transparency and trust but require stronger leadership commitment. Ethical lapses often stem from weak organizational culture and inadequate training. Leaders who embrace participatory, transparent, and sustainability-driven strategies are more effective in promoting responsible innovation. The study concludes that responsible innovation in finance requires a transformation in leadership practices grounded in ethics, transparency, and stakeholder engagement. Financial leaders must go beyond compliance to cultivate cultures of integrity and ethical foresight. Implementing the proposed framework can help institutions align innovation with public trust, sustainability, and social value.





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