PROBLEMS AND PROSPECT OF MANUFACTURING INDUSTRIES IN NIGERIA (A CASE STUDY OF NIGERIA BREWERIES, PLC)
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PROBLEMS
AND PROSPECT OF MANUFACTURING INDUSTRIES IN NIGERIA
(A CASE STUDY OF
NIGERIA BREWERIES, PLC)
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 plays 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.
TABLE OF CONTENTS
Chapter
one
Introduction
1.1
Background of the
study
1.2
Statement of
problems
1.3
Objective of the
study
1.4
Scope of the
study
1.5
Research
Questions
1.6
Significant of the
study
1.7
Limitations of the Study
1.8
Definition of
Terms
Chapter
Two
2.0 Review of Related
literature:
2.1 Brief history of
the
study
2.2 Concept of
industrialization
2.3 Indigenization
Policy in Nigeria
2.4 Objectives of manufacturing
industry
2.5 Strategies of
Industrilization
2.6 Origin of
Manufacturing Industry
2.7 Objectives of
Manuafacturing Industry
2.8 The role of
manufacturing industry in
the economic
development of
Nigeria
2.9 Classification of
industry
2.10 Source of funds for
Manufacturing Industries
2.11
Support giver to the manufacturing industry by ministry of
industry
2.12
Management problems of manufacturing
industry in
Nigeria
2.13 Prospect of Manufacturing
Company
Chapter Three
3.0
Research design and methodology
3.1
Research
Design
3.2
Area of
study
3.3
Population for the study
3.4
Sample and sampling procedure
3.5
Instrument for data
collection
3.6
Reliability of
instrument
3.7
Method of administration of instrument
3.8
Method of data
analysis
Chapter
Four
4.0 Data presentation
and results
4.1
Introduction
4.2
Analysis of Data
4.3
Discussion of
results
Chapter
Five
Summary
of findings, conclusions and
Recommendations
5.1
Discussion of
Results
5.2 Implication on
the Research Finding
5.3
Conclusion
5.4Suggestion for Further Studies
Reference
Appendix
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 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 scopes of industrialization both import-substitution and
export substitution. The unequal distribution of gains from trade between
developed and a developing country 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.
The Historical
Background of Nigeria Breweries
The Nigeria Breweries Plc has plants
located in three cities of Nigeria including Kaduna, Lagos, Aba. The
company has just received order to supply its products to three majors towns of
Enugu, Makurdi and Benin.
The Nigeria Breweries plc was established in 1946, Brews Star, Aba, Kaduna,
Ibadan, Enugu and Ama Green fields, includes investors information.
Nigeria Breweries plc the pioneer and largest brewing company in Nigeria, with
about 12,800 shareholders as at 31st December 2010, the authorized.
Nigeria Breweries plc the pioneer and largest brewing company in Nigeria was in
corporate in 1940 and recorded at land made when the first bottle of star
larger beer rolled off the bottling line in its Lagos Brewery in June
1949. This was followed by Aba Brewery which was commissioned in 957,
Kaduna Brewery in 1963 and Ibadan Brewery in 1982 in September 1993, the
company acquired its fifth brewery in Enugu while in October, 2003, a sixth
Brewery sited at Ama in Enugu state was commissioned.
Ama Brewery is the biggest brewery in Nigeria and the most modern in the world
operations in Enugu brewery was discontinued in 2004. Thus from its
humble beginning in 1946 the company now has five operational breweries from
which it high quality products are distributed to all parts of this great
country.
Research and
Development
Nigerian Breweries plc keeps pace with
key internal developments thus ensuring that its systems process and
operational procedures are always in conformity with world class standards.
It is in line with this policy that the company established a research and
development centre. In 198, to enhance its research activities on all aspects
of brewing operations.
Social Responsibility
Nigeria Breweries plc is a social
responsible corporate citizen with a very good record of corporate philanthropy
in the areas of education, the environment (water) and sports, among other.
The company in 1994 established on education burst fund of N100million to
take more activities part in the funding of educational and research facilities
in higher institutions, all in an effort to provide and encourage academic
excellence in Nigeria.
This is in addition its secondary and university scholarship progrmme for
children of its employees. Nigerian Breweries plc is the foremost sponsor
of sports by variety in the country with sponsorhip. Covering foot ball,
athletics, Tennis, cycling, chess, Golf, Badminton, Dart, Boat Recing and
Ayo. The aim is to develop. Nigerian sports men and women to participate
in national and internal sports and boost the sports profile of the
country. The company is also involved in the development of musicians and
movie talents, through various programmes.
Ancillary Industries:
As
a major brewing concern, the company encourages the establishment of ancillary
business. Many of these organizations and individuals depend largely on
the company for their means of livelihood. These include manufactures of
Bottles, crown labels cartons plastic crates and such services as Hotels and
clubs and our key distributors countries but depend on West Africa countries
for its agricultural products which is most needed.
Arising from 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 tension
out industrization 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
PURPOSE 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 QUESTIONS AND RESEARCH HYPOTHESIS
To
guide this project work, the following – research questions were formulated to
ensure clarify.
a.
What are the alternative sources of funds valuable to finance industrial in Nigeria?
b.
What are the required infrastructure necessary for industrial growth and
development in Nigeria?
c.
Why the increasing penchant for imported good by Nigerians?
d.
What is the cost of the investible funds?
Research Hypothesis
In order to determine the management problem, of manufacturing industries in
Nigeria it is necessary to test the following hypothesis
(a)
Ho: Poor infrastructural development does not impact on industrial
development of Nigeria.
Hi: Poor infrastructural development impact positively on
industrial development in Nigeria.
(b)
Ho: High cost of capital does not make investible funds accessible.
(c)
Hi: High cost of capital males investable funds accessible
Hi: Government does not give adequate support for small
and medium scale enterprises (SMEIS)
1.6
SIGNIFICANT OF THE STUDY
(1)
It is hope that when two studies are 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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