Archives 2015


By Michael O. Idowu

I have decided to write this piece to shed light on this topic because of need to clear some expectation gaps that may be bothering our minds regarding budgeting in this country. For instance, a friend of mind said to me the other day that life would be harder next year because the government is planning to adopt a zero based budgeting approach. That certainly is not the purpose of that model.

Simplistically, budgeting is about planning and if one fails to plan, then one is certainly planning to fail. Budgeting is a methodological way by which government or individuals attempt to breakdown their receipts and expenditure usually over a year. It is a quantifiable (in Naira and Kobo) way of expressing plans and goals. This could be further broken down into monthly, quarterly and half-yearly depending on the budgeter’s intentions.

Budgeting serves some purposes, such as:

  • Planning of annual operations
  • Coordination of plans
  • Assigning roles and responsibilities to various ministries and departments (MDGs).
  • Motivating
  • Controlling and
  • Evaluating performance.

Short-Term Funding. An Effective Device to Aid Business Profitability

by Michael Oluwadare Idowu

Seminar paper from the year 2013 in the subject Business economics – Investment and Finance, grade: A, Atlantic International University (Business and Economics), course: Accounting and finance, language: English, abstract: The purpose of this write up is the discussion of how short-term funding can be used to aid business profitability. In order to achieve this objective, various sources of short term funding will be evaluated with a view to underscore the relative advantages and disadvantages. I will also recommend factors to consider before using short term funding. The key purpose of any business venture is return. This can come in various forms such as profit maximization; maximization of contribution, shareholders wealth maximisation among others. These strategic objectives usually come in sizes depending on the nature of the business or organisation. Lofty as strategic decisions may be, the importance of having adequate and efficient funding to support it cannot be over-emphasised. It has been shown again and again that one of the main reasons why business fails is the miss-matched of funding. Experience has shown that when you use your working capital (a form of short-term fund) to finance a capital project, the ability to run the business as a going -concern into a foreseeable future becomes shaky due to cash-flow problems. Funding a business that requires a short-term funding with a long-term financing is a sure way to exist the market arena in an unceremoniously. It is therefore critical to have a right mix of fiancé to boost productivity and enhance competitive advantage.

The Meaning of trust Paperback

by Michael Oluwadare Idowu

Essay from the year 2015 in the subject Sociology – Miscellaneous, , language: English, abstract: The only ingredient that makes the world go round is trust. When it is lacking in a home, the home suffers and when it is absent in the community, it results into survival of the fittest with all the negative consequences for the society to deal with. It is submitted that it is better to talk over it than to fight over it. Sometimes giving your path to the dog may be better than be bitten by the dog.

Full publication can be purchased from this link