Management of public funds in industries
( A case study of life Breweries Limited Aba)
For some time now, many developing third world countries especially Nigeria has been suffering a wide variety of problems raging from economic political, social, cultural, religious and a host of other problem to mention but a few. Nigerian government in attempt to solve these problems, have been investing some of the public at her disposal in industries to enhance quick economic growth of the country.
As a result of the current economic recession, many industries have liquidated and gone out of production while some others are yet making it. This research is aimed at finding out the problem of these industries that have survived and the steps being taken by the public fund manager to remain in the market.
Life Breweries Ltd. Onitsha viz-a-viz other industries in the public sector was discovered to be having problems like other of finance, raw material, spare parts, foreign exchange and also mismanagement of available funds by the financial managers of the company have been taking lots of steps to see to their existence in the productive sector applying their financial management skills effectively and efficiently.
TABLE OF CONTENT
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENTS OF THE PROBLEM
1.3 OBJECTIVES OF THE STUDY
1.4 SIGNIFICANCE OF THE STUDY
1.5 HYPOTHESIS
1.6 SCOPE AND LIMITATION OF THE STUDY
1982 - 1989
NIGERIAN’S ECONOMIC RECOVERY
MANAGEMENT OF PUBLIC FUNDS
DEVASTATED ECONOMY
AND INTERPRETATION
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In the past financial management was concerned with the raising of funds whenever the need arises and much attention was not paid to the uses of the funds so raised. But in recent times there had been a change.
The emphasis shifted from financing to the managerial financial problem from only raising of funds to efficient and effective use of funds.
As a result of this widening in scope of financial managers and others entrusted with the management have equally increased. It is no longer the issue of providing funds but it’s provision in good time for the right length of time and it’s correct use or application.
In light of this, it is necessary to investigate how these financial mangers are achieving this having known that public funds are often times misconceived by some people as no body. Funds and as a result should not be cared for.
The researchers choice of the industry for this study is mainly because of this believe that life bear posses the major feature, of any typical industry financed with the public funds in Nigeria.
These features include the acquisition of funds from investors over time it’s investment, the expectation of returns by the firms on investment over time and the periodical distribution of these return to the investors (share holders) in the form of dividend. In view of these special feature, the researcher believes that it is a good representation of the public establishment in Nigeria and as such suits the purpose of this study. A case study of Nigeria Life Breweries Aba, Abia State will therefore provide a birds eye views of the industries financial by the public fund in the country Nigeria.
1.2 STATEMENTS OF THE PROBLEM
In the light of the current economic problems of Nigeria. Visa-viz. the devastated economy, the financial mangers especially those concerned with the management of public funds invested in industries are faced with a lot of problems. The issue of raising adequate funds as well as the application of the funds so raised is no longer an easy one. These problems ranges from lack of spare parts, high cost of foreign exchange of which result in high cost of
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COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
( A case study of life Breweries Limited Aba)
ABSTRACT
For some time now, many developing third world countries especially Nigeria has been suffering a wide variety of problems raging from economic political, social, cultural, religious and a host of other problem to mention but a few. Nigerian government in attempt to solve these problems, have been investing some of the public at her disposal in industries to enhance quick economic growth of the country.
As a result of the current economic recession, many industries have liquidated and gone out of production while some others are yet making it. This research is aimed at finding out the problem of these industries that have survived and the steps being taken by the public fund manager to remain in the market.
Life Breweries Ltd. Onitsha viz-a-viz other industries in the public sector was discovered to be having problems like other of finance, raw material, spare parts, foreign exchange and also mismanagement of available funds by the financial managers of the company have been taking lots of steps to see to their existence in the productive sector applying their financial management skills effectively and efficiently.
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENTS OF THE PROBLEM
1.3 OBJECTIVES OF THE STUDY
1.4 SIGNIFICANCE OF THE STUDY
1.5 HYPOTHESIS
1.6 SCOPE AND LIMITATION OF THE STUDY
CHAPTER TWO
- REVIEW OF THE NIGERIAN ECONOMY
1982 - 1989
- INDUSTRIALIZATION IN NIGERIA
- LIFE INDUSTRY, A BIG BOOST TO
NIGERIAN’S ECONOMIC RECOVERY
- FINANCIAL MANAGERS IN THE
MANAGEMENT OF PUBLIC FUNDS
- INDUSTRIAL SOLVENCY IN A
DEVASTATED ECONOMY
CHAPTER THREE
- RESEARCH DESIGN AND METHODOLOGY
- SOURCES OF DATA
- SAMPLE USED
- METHOD OF INVESTIGATION
- METHOD OF ANALYSIS
CHAPTER FOUR
- DATA PRESENTATION AND ANALYSIS
AND INTERPRETATION
- TEST OF HYPOTHESIS
- SURVIVAL STRATEGIES OF NIGERIAN
CHAPTER FIVE
- SUMMARY OF FINDINGS
- RECOMMENDATIONS
- CONCLUSION
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In the past financial management was concerned with the raising of funds whenever the need arises and much attention was not paid to the uses of the funds so raised. But in recent times there had been a change.
The emphasis shifted from financing to the managerial financial problem from only raising of funds to efficient and effective use of funds.
As a result of this widening in scope of financial managers and others entrusted with the management have equally increased. It is no longer the issue of providing funds but it’s provision in good time for the right length of time and it’s correct use or application.
In light of this, it is necessary to investigate how these financial mangers are achieving this having known that public funds are often times misconceived by some people as no body. Funds and as a result should not be cared for.
The researchers choice of the industry for this study is mainly because of this believe that life bear posses the major feature, of any typical industry financed with the public funds in Nigeria.
These features include the acquisition of funds from investors over time it’s investment, the expectation of returns by the firms on investment over time and the periodical distribution of these return to the investors (share holders) in the form of dividend. In view of these special feature, the researcher believes that it is a good representation of the public establishment in Nigeria and as such suits the purpose of this study. A case study of Nigeria Life Breweries Aba, Abia State will therefore provide a birds eye views of the industries financial by the public fund in the country Nigeria.
1.2 STATEMENTS OF THE PROBLEM
In the light of the current economic problems of Nigeria. Visa-viz. the devastated economy, the financial mangers especially those concerned with the management of public funds invested in industries are faced with a lot of problems. The issue of raising adequate funds as well as the application of the funds so raised is no longer an easy one. These problems ranges from lack of spare parts, high cost of foreign exchange of which result in high cost of
Download our android mobile app for more materials
ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
MAKE YOUR PAYMENT INTO ANY OF THE FOLLOWING BANKS:
GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
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