THE GROWTH OF INDUSTRIES IN NIGERIA: PROBLEM AND PROSPECT
(A CASE STUDY OF AJAOKUTA STEEL COMPANY)
NUMBERS PAGES: 70 RESEARCH TYPE:- PROJECT AMOUNT :- ₦2500
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ABSTRACT
Empirical evidences from the developed and few emerging economies have shown that the producing unit of the economy tends to influence the entire economy’s performance and stability. But, without adequate finance, incentive of operations, business friendly environment, effective management and operation structure, growth-oriented government policies and regulations, the manufacturing firms’ will not perform as expected. The rate of firms exit in the Nigeria’s manufacturing sector prompted this study, to analyze the dynamics of manufacturing firm’s growth in Nigeria using panel analysis. The panel regression model employed emanated from the neo-classical, managerial, and optimum firm’s size theories and
the Gibrat’s Law of Proportionate Effect. Multi-stage sampling technique was used to survey 45 manufacturing firms quoted under the Nigerian Stock Exchange (NSE) between 1989 and 2008. The estimated dynamic panel model revealed that the manufacturing firms finance mix, utilization of assets to generate more sales, abundance of funds reserve and government intervention as indicated by Tobin’s Q, operating efficiency, capital reserve and government policies are significant determinants of manufacturing firms’ growth and dictated their dynamics in Nigeria. Also, that the Gibrat’s component enhanced the growth rate of
manufacturing firms’ sales, profit and capital employed dynamically in the manufacturing sector.
Keywords: Firms, Manufacturing, Growth, Determinants, Panel data, Nigeria
TABLE OF CONTENT
APRROVAL PAGE
DEDICATION
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 PURPOSE OF OBJECTIVE OF STUDY
1.4 HYPOTHESIS
1.5 SCOPE AND LIMITATIONS OF STUDY
1.6 DEFINITION OF TERMS
CHATPTER TWO
LITERATURE REWIEW
2.2 INTRODUCTION
2.3 DETERMINANTS OF INDUSTRIAL GROWTH: THEORETICAL AND EMPIRICAL REVIEW
2.4 PROBLEMS OF SMALL AND MEDIUM SCALE INDUSTRIES IN NIGERIA
2.5 PROSPECTS OF SMALL AND MEDIUM SCALE INDUSTRIES IN
2.6 THE NIGERIAN GOVERNMENT PARTICIPATION IN INDUSTRIES FIRMS
2.7 GOVERNMENT PARTICIPATION IN INDUSTRIAL GROWTH IN NIGERIA
2.8 GOVERNMENT AS A BUSINESS REGULATOR
2.8.1 PROVISION AND ENACTMENT OF BENEFICIAL AND SUPPORTIVE LAWS
2.8.2 PROVISION OF INFRASTRUCTURAL FACILITIES
2.8.3 PROVISION AND CONSTANT MANPOWER DEVELOPMENT SUPPORT
2.8.4 ESTABLISHMENT AND FINANCE OF RESEARCH INSTITUTIONS
2.8.5 PROVISION OF DIRECT FINANCIAL ASSISTANCE TO SMALL BUSINESS ORGANIZATION
2.9 THE NATIONAL DIRECTORATE OF EMPLOYMENT (NDE) AS A GUIDE TOWARDS ENHANCING INDUSTRIES IN NIGERIA
2.10 THE ROLE INDUSTRY IN THE ECONOMIC DEVELOPMENT IN NIGERIA
2.10.1 ADVANTAGES OF SELF EMPLOYMENT
2.10.2 GRIEVANCE PROCEDURE IN AJAOKUTA STEEL COMPANY LIMITED
2.10.3 INDIVIDUAL GRIEVANCE AND COLLECTIVE GRIEVANCE
2.10.4 JOB SECURITY
2.10.5 PROMOTION
2.10.6 PERFORMANCE-BASE REWARDS IMPROVE THE GOVERNANCE OF SCHOOLS
2.10.7 PROVIDES MOTIVATION TO TEACHERS
2.10.8 STUDENT OUTCOMES IMPROVE
2.10.9 CONCEPTUAL MODEL
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 HISTORICAL BACKGROUND
3.2 THE PRIMARY FUNCTION OF AJAOKUTA STEEL COMPANY
3.3 UNION MANAGEMENT RELATION IN AJAOKUTA STEEL COMPANY
3.4 ORGANIZATIONAL STRUCTURE OF AJAOKUTA STEEL COMPANY
3.5 RESEARCH METHODOLOGY
CHAPTER FOUR
ANALYSES AND INTERPRETATION OF DATA
4.0. INTRODUCTION
4.1 DATA ANALYSES AND INTERPRETATION
4.1.1 METHODS
4.1.2 RESULT AND DISCUSSION
4.2 INFERENTIAL STATISTICS
4.2.1 TYPESS OF HYPOTHESIS
CHAPTER FIVE
5.0 SUMMARY
5.1 CONCLUSION
5.2 RECOMMENDATION
BIBLIOGRAPHY
