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ABSTRACT
It is a fact that there are some factors that are responsible for the
poor performance of the manufacturing industry in Nigeria. The
manufacturing industry play a vital role in the Nigerian economy and
also in the lines of the people.
The manufacturing industry is like
an organization that is motivated by a number of tractors to utilize
input like raw-materials, land and man-power in the production of
physical or tangible products for their consumer satisfaction. The
primary objective of carryout this study, is to critically examine the
factors responsible for the poor performance of manufacturing industry
in Nigeria. The various functions, achievements, etc. contributes to
individuals as well as the sectors of the economy.
This study would
examine the evolution of manufacturing industries from inception to
date, to lay more emphasis on the importance and gains of the
manufacturing industries in the rural area and take a look at the
problems and suggestions to solve these problems.
This project is
also needed, in order to see how the manufacturing industry can be of
assistance t the rural sectors and to the country of large.
It is
likewise needed to serve as a prerequisite for the establishment of more
manufacture industries. This study can be used to study the extent of
program of the federal government and the manufacturing industries have
made in their efforts to see equal distribution of manufacture
industries in Nigeria.
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Since the attainment
of independence by west Africa countries, successive governments have
taken serious interest in industrialization. Industrialization can be
defined on the conversion of an agrarian and commercial society to a
more comprehensive machinery oriented. Social – economic system. This
concept cannot be treated, without remembering the industrial revolution
of the Western Europe of the 15th and 16th century. The new
Encyclopedia 4th edition (1975) described the industrial revolution as a
term usually applied to the socio-economic changes that marked
transition from a stable agricultural and commercial society to a name
machinery oriented system.
Agriculture which has been the major
occupation of more than 80% working population of Nigeria, began to
suffer a diminishing role, claiming a lots of population in manpower.
Another related lesion form the history of planned industrialization of
the socialist countries especially soviet Union whose economy was
transformed from a very short period predominating of agricultures,
change rapidly to an industrialized society.
A further element in the
appeal for industrialization is based on the fact that the economic
quart for increase in a wide scope of industrialization both
import-substitution and export substitution. The unequal distribution of
gains from trade between developed and developing countries is a
related justification for the policy of industrialization.
All there
explains the reason why government should encourage industrialization,
which is generally regarded as the way to rapid economic development,
higher living – standards for people. All manufacturing industries are
encourage to promote the rapid. Growth of resources and effective
utilization of existing resources available. Such countries like Japan,
U.S.A are all industrialized. Countries but depend on West African
Countries for it” Agricultural products which is most needed.
Arising
form the fact above, after the second world war, the colonial
government began to introduce a number of legislation, which was aimed
at stimulating the establishment of modern industries. They began to
tashon out industrialization which seems to be the key to economic
independence and the vital tool to eliminate poverty and unemployment.
Other incentives of industrialization include capital depreciation
import duties, custom duties, draw back regulation and the establishment
of industrial estates in the countries.
Government also gave
guarantee for the repatriation of products and dividends. In addition a
number of development board were set up to finance development with the
approach to expanding the market strategy for market dominance which was
under – increasing threat from new firms coming into the country. It
could be seen from the history given above, that industrialization is a
key to economic independence. The pressing need for industrialization in
West Africa is also brought out by relatively small – use many things
which could be much and quickly close through mechanical process.
In
summary, at could be vividly seen that the manufacturing industries in
Nigeria and West African resources and so on. This study intends to
examine problems and proffer solutions and recommendations.
1.2 STATEMENT OF PROBLEM
(1) Poor infrastructural development
(2) High cost of obtaining invisible funds
(3) High cost of acquiring industrial machine and equipment
(4) Inadequate government support for industrialization drive of small and medium entrepreneurs.
(5) Incessant demand of Nigerians for imported products
1.3 OBJECTIVE OF THE STUDY
all research study is aimed at achieving certain objectives. The objectives of this study include the following.
1) To examine the state of infrastructural development in the country with reference to Nigerian Breweries Plc.
2)
To examine the alternative sources of funds and associating costs of
manufacturing industries with a focus on Nigerian Breweries plc.
3) To examine the causes of increasing demand for imported goods by Nigerians.
4) To recommend how the problems facilitating against Nigeria’s guest for industrialization can be mitigated.
1.4 SCOPE OF THE STUDY
This study is designed to
cover as much as possible, all aspects of poor performance of the
manufacturing industrial with emphasis on the problems and solutions to
its poor performance and also the effect of the production aspects of
the industries.
1.5 RESEARCH QUESTION
To guide this project work, the following – research questions were formulated to ensure clarify.
(1) What are the required infrastructure necessary for industrial growth and development in Nigeria?
(2) What is the state of these infrastructures in Nigeria?
(3) What are the alternative sources of funds valuable to finance industrial – projects?
(4) What is the cost of the investible funds?
(5) What are the needed industrial machinery and equipment?
(6) What is the cost of acquiring these machinery and equipment?
(7) What is the level of support by the government
(8) Why the increasing penchant for imported good by Nigerians?
1.6 FORMULATION OF HYPOTHESIS
In order to
determine the management problem, of manufacturing industries in Nigeria
it is necessary to test the following hypothesis
(1) Ho: Poor infrastructural development does not impact on industrial development of Nigeria.
Hi: Poor infrastructural development impact positively on industrial development in Nigeria.
(2) Ho: High cost of capital does not make investible funds accessible.
(3) Hi: High cost of capital males investable funds accessible
Hi: Government does not give adequate support for small and medium scale enterprises (SMEis)
1.7 SIGNIFICANT OF THE STUDY
(1) It is hope that
when two study is completed, it will assist stake holders in the
manufacturing industries in the management of their business.
(2) It
is also hoped that this study will provide a base for other researcher
who – provide a base for other researcher who – might want to conduct
further researcher on the area of management problems, of manufacturing
industries.
(3) It is hoped that the recommendations of this study
would be of empirical – relevance to management, so as to adopt them to
suit their objectives.
1.8 DEFINITION OF TERMS
The following terms are defined in the content in which they are used in this research work.
(1) Industrialization: This is the process of been industrialized
(2) manufacturing: The activity of making things big an industrial process.
(3) Manufacturing: The activity of making things by an industrial process of developing
(4) Performance: The ability to operate efficiently
(5) Problem: Things that are difficult to deal with
(6) Unemployment: The act of not been employed.
(7) Instability: unstable atmosphere
(8) Infrastructure: Basic needs
(9) Revolution: An attempt to change a situation or government
(10) Respondent(s): A person or persons who answer questions.
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