ANALYSIS OF THE IMPLICATIONS OF RELIGIOUS TEACHINGS AND PRACTICES ON SPENDING PATTERN, CONSUMPTION AND BUSINESS SUCCESS IN NIGERIA INDUSTRIAL DEVELOPMENT
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 2, Issue 11
Abstract
The study presents an empirical analysis of the implication of religious teachings and practices with particular reference to Christian prosperity message on spending pattern, consumption and business success on industrial development process. Survey method was utilized where 800 subjects were studied. Two null hypotheses were tested using Pearson product moment correlation test. The result revealed a significant correlation between religious teachings/practice on one hand and spending pattern, consumption and business success on the other hand. Despite the significant correlation, it was observed that the success tilt to the favour of church businesses at the expense of business of members, though consumption and spending pattern were influenced by Christian belief and practices. It was recommended that the state should regulate utilization of churches’ excess revenue to ensure that such funds are utilized only for satisfying the object of the church, by creating regulatory policy and institutional framework in terms of Ministry of Religious Affairs, among other recommendations.
Authors and Affiliations
BASSEY, ANTIGHA OKON Ph. D| Lecturer, Department of Sociology, University of Calabar, P.M.B. 1115, Calabar, Cross River State, Nigeria E-mail: antigha2k4@yahoo.com Phone: 08033549336, OJUA, TAKIM ASU Ph. D| Senior Lecturer, Department of Sociology, University of Calabar, P.M.B. 1115, Calabar, Cross River State, Nigeria E-mail: taojua2007@yahoo.com Phone: 08033363019, ORU, TAKIM TIKU| Lecturer, Department of Sociology, University of Calabar, P.M.B. 1115, Calabar, Cross River State, Nigeria Email: orutakim@yahoo.com
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