GPH-International Journal of Applied Management Science https://gphjournal.org/index.php/ams <p><strong>The scopes of the Int. journal of applied management science includes, but are not limited to, the following fields:- Accounting, Advertising Management, Business &amp; Economics, Business Ethics, Business Intelligence, Business Information Systems, Business Law, Business Performance Management, Business Statistics, Change Management, Communications Management, Comparative Economic Systems, Consumer Behavior, Corporate Finance and Governance, Corporate Governance, Cost Management, Decision Sciences, Development Planning and Policy, Economic Development, Economic Methodology, Economic Policy, Economic System etc.</strong></p> Global Publication House en-US GPH-International Journal of Applied Management Science <p>Author(s) and co-author(s)&nbsp;jointly&nbsp;and severally represent and warrant that the Article is original with the author(s) and does not infringe any&nbsp;copyright or violate any other right of any third parties, and that the Article has not been published&nbsp;elsewhere.&nbsp;Author(s) agree to the terms that the <strong>GPH Journal</strong> will have the full right to remove the published article on any misconduct found in the published article.</p> SOCIAL EFFECTS OF INDUSTRIAL POLICY IN NIGERIA: A SOCIO-ECONOMIC ANALYSIS https://gphjournal.org/index.php/ams/article/view/1237 <p><strong>To bolster the Nigerian economy's industrialization efforts, successive governments have devised and enacted various industrial policies for sustainable economic development. Therefore, using structural functionalist approach and secondary sources of data, the paper examined the social effects of industrial policies in Nigeria, with a focus on their socio-economic implications. The paper revealed that recent industrial policies in Nigeria includes fuel subsidy removal, national blockchain initiatives, exchange rate unification, Structural Adjustment Programme, economic recovery plans, and COVID-19 stimulus packages among others. The paper also revealed that industrial policies however yield both positive and negative effects on citizens' livelihoods, as well-executed industrial policies have the potential to generate employment opportunities, increase productivity, and foster overall economic development. The paper identified obstacles to policy implementation in Nigeria to include corruption, political inertia, political instability, privatization challenges, technological limitations, and inadequate infrastructure among others. The paper therefore recommended among others that combating corruption is very important for effective policy formulation and implementation in Nigeria. It also advocates for policies that promote trade and economic integration on the international stage, emphasizing the necessity of collaboration with developed nations to maximize the societal benefits of industrial policy formulation.</strong></p> <p><strong>&nbsp;</strong></p> Edime YUNUSA Timothy A. ATOYEBI Julius Olugbenga OWOYEMI ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-nd/4.0/ 2024-03-17 2024-03-17 5 02 01 09 10.5281/zenodo.10834871 THE PLACE OF INDUSTRIAL POLICY IN THE ADOPTION OF BLOCKCHAIN TECHNOLOGY IN NIGERIA https://gphjournal.org/index.php/ams/article/view/1238 <p><strong>The world has metamorphosed to a higher realm due to current technological innovations and advancements in computer science by introducing blockchain technology. Hence, this paper reviews the place of industrial policy in the adoption of blockchain technology in the modern Nigerian society. The objectives of the paper included highlighting the application, the benefits as well as the challenges in the adoption of blockchain technology in Nigeria. By utilizing the Theory of Planned Behaviour, the paper revealed energy sector, fintech, trading business and media etc as areas where blockchain technology is applicable in Nigeria. It also revealed security problem, lack of data protection, technological know-how and lack of constant power supply among others as the challenges facing the adoption of blockchain technology in Nigeria. The paper equally highlighted job creation, increased efficiency, improved transparency and accountability and decentralised mode of transactions among others as the benefits. These benefits and challenges suggest the need for government and industries to regulate blockchain technology by drafting an adoption framework and policies that is consumer based and providing guidelines for service providers. The paper concluded that blockchain technology has come to stay with us and therefore recommended capacity building, public-private partnerships, incentives for blockchain businesses, monitoring and evaluation be put in place to enhance the adoption of blockchain technology amidst industrial policies in Nigeria.</strong></p> Edime YUNUSA Danjuma Eyibo OCHENI ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-nd/4.0/ 2024-03-17 2024-03-17 5 02 10 22 10.5281/zenodo.10827695 IMPACT OF TAX SHIELDING AND FIRM SIZE ON PROFITABILITY: IMPLICATIONS FOR POLICY LEGISLATION AND MANAGEMENT https://gphjournal.org/index.php/ams/article/view/1490 <p><em>This study examined the </em><em>effects of tax shielding dynamics using firm size as a moderator on profitability in the Nigerian non-financial sector. </em><em>The study made use ofsecondary data from 53 listed non-financial firms from the Nigerian Exchange Group between 2012 and 2021. The data were tested using STATA 14 statistical software. The result of the test reveals a chi-square statistic of 0.28 and a corresponding p-value of 0.9634 which </em><em>suggests that the independent variables are not statistically significant.</em><em> Specifically, our findings reveal </em><em>that there is no significant linear relationship between DEBTTAXand ROE, that NONDEBTTAX indicates a negative relationship withROE and that there is no significant linear relationship between FIRM SIZE and ROE</em><em>. The study therefore recommends a re-evaluation of </em><em>tax policy which involves re-assessing the effectiveness of tax incentives or exemptions aimed at encouraging debt financing and a review tax rates, tax exemptions, and tax deductions applicable to nondebt taxes. It also recommends that policymakers could implement targeted policies to support the growth and development of SMEs in the non-financial sector. Furthermore, managers should prioritize tax planning and compliance efforts to minimize the impact of tax liabilities on profitability and focus on optimizing resource allocation and operational efficiency to enhance profitability</em>.</p> Sinebe, M.T Ebiaghan, F.O. ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-nd/4.0/ 2024-07-20 2024-07-20 5 02 23 34 10.5281/zenodo.12787279