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THE IMPACT OF
GOVERNMENT REGULATION ON BUSINESS
(A CASE STUDY OF
N.B.L. PLC)
ABSTRACT
The purpose of this research work
is to have a detail effect of government regulation in business.
The case study. The strength of
the N.B.L. staff is about 60 workers with sample of 52 workers, the total of 52
questionnaire were printed and 52 were collected and analyzed in table.
The source of this research work is
from both secondary and primary sources. It was found out that
performance appraisal system can be improved by preventing all forms of bics
nepotism and favoritism and on the other hand encourage justice, fair play and
equity.
Thus it was recommended that modern
equipments and tools should be provided for the staff to carry out their duties
effectively.
TABLE OF CONTENTS
CHAPTER
ONE
1.0
Introduction
1.1
Background
of the study
1.2
Statement
of the study
1.3
Objective
of the study
1.4
Research
questions
1.5
Hypothesis
formulation
1.6
Significance
of the study
1.7
Scope
of the study
1.8
Limitations
1.9
Definition
of terms
CHAPTER
TWO
2.0
Literature
review
2.1
government regulation by status
2.2
The
price control act
2.3
The
Nigerian enterprise promotion decree
2.4
Monetary
polices
2.5
Fiscal
policies
2.6
Government
competition
2.7
History
of Nigerian breweries PLC.
CHAPTER
THREE
3.0
Research
design and methodology
3.1
Research design
3.2
Area of the study
3.3
Population of the study
3.4
Sample and sampling determination
3.5
Instrument of data collection
3.6
Validation of the instrument
3.7
Reliability of instrument
3.8
Method of data collection
3.9
Method of data analysis
CHAPTER
FOUR
4.0
Data
presentation and analysis
4.1
Presentation
and analysis of data
4.2
Testing
of hypothesis
4.3
Summary
of results
CHAPTER
FIVE
5.0
Discussion,
recommendation and conclusion
5.1
Discussion
and results findings
5.2
Conclusion
5.3
Recommendations
5.4
Suggestion
for further study
Bibliography
Appendix
CHAPTER ONE
1.0
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
In a country with mixed economy such as
Nigeria, both the government and private individual turn the economy
jointly. This means that private individual, groups as well as the three
levels of government are free to establish business enterprises. The
three levels of government low include the local, the state and the Federal
Government, respectively. In this modern world, mixed economy appear to
the most prevalent economic system but what make the difference is the degree
of the mixture.
Therefore, government has some
important roles to play in this type of economy. Based on the importance
of government regulations on business in the country, government regulatory
power on business activities was included in section 16 (1) and (s) of the 1979
federal constitution. In 1984 as well, the former was modified by the
then federal military government. This modification was also included in
section 16 (1) and (3) of 1999 constitution of the federal republic of
Nigeria. And both constitutions specified the following as regards our
national economic activities.
Section 16 (1) states that the state
shall within the context of the ideal and objectives, for which provisions are
made in this constitution, control the national economy in such manner as to be
secure the maximum welfare, freedom and happens of energy citizen on the
basis of social justice and equity of status and opportunity. Without
prejudice to its right to operate or participate in areas of the economy, other
than the major sectors of the economy.
According to sub-section 4 of section
16, the major section includes activities directly concerned with the
production, distribution and exchange of wealth, or of goods and
services. These major sectors of the economy will be declared from time
to time by a resolution of each house of the National Assembly to be managed
and operated exclusively by the government of the federation.
Without prejudices to its right to
operate or participate in areas of the economy, to manage and operate the major
section of the economy.
Moreover, according to section 16 (3);
a body shall be set up by an act of the National Assembly which shall have
power to review from time to time the ownership and control of business
enterprise operating in Nigeria and make recommendation it some and to
administer any law for the regulation of the ownership and control of such
enterprise.
Therefore, it is clear that the role of
government is to protect and represent the interest of the society and the
citizenry in which business operates. It can be further said that
government through regulations protects consumers from abuse, they ensure
efficiency in the use of resources and promote equitable distribution of
income.
Government policies are the most
dynamic of all government influence on business in Nigeria. This is due
to instability in Government of Nigeria and has contributed to massive change
in policies affecting the operation of business.
These policies may include monetary or
fiscal policies. Fiscal policies which is a macro-economic tool that
involves the use of government spending and taxes (T) in guiding the nation’s
economy to achieve pre-determined economic good. Monetary policy on the
other hand is the regulation of money and the terms and availability of
credit. Government can regulation of business activities.
Conclusively, government can use other
means such as import duties and tariffs to regulates business in Nigeria, in
order to protect domestic industries and producers against foreign competition.
1.2
STATEMENT OF PROBLEMS
The influence of government on business
can take so many forms. The study aims to look at the regulation or government
regulation towards Nigeria Breweries Plc Enugu and also suggest how to increase
the company’s efficiency through the regulation. Government has realized
that political independence without economic independence is meaningless.
The research on government regulation
with particular reference to Nigeria Breweries Plc Enugu has raised some
questions among experts and professionals, which this study has attempted to
address. These include;
a.
Can government regulation in organization be minimized and for untimely
eliminated?
b.
Can organization exist without regulation?
c.
Is regulation beneficial or detrimental to organizational goal?
d.
How can organization efficiency be increased by regulation?
1.3
OBJECTIVES OF THE STUDY
The aim of emery firm such as Nigeria
Breweries Plc is to be efficient in the discharge of its service. It is
through effective and efficient regulation that organizational misconduct can
be avoided.
The overall objective of these measure
will be to ensure the profitability of the organization. This is addition
to the above stated measure, the researcher wants to achieve through the study
the following objectives.
1.
To find out whether regulation exist in Nigerian Breweries Plc Enugu
2.
To examine and assess various regulation traceable in the company.
3.
To identifying whether a specific method of regulation actually exist in
Nigerian Breweries Plc Enugu.
4.
To identify problems if any encountered in regulating in the organization.
5.
To find out the consequences of regulation in the Nigerian Breweries Plc Enugu
(activities).
6.
To recommend ways organizational efficiency can be increased through
regulation.
1.4
RESEARCH QUESTION
1.
What is really the reason why government regulation will neglected by firms
(company)?
2.
Why is it that companies at time refuse to give assistance to government when
they needed it.
1.5
HYPOTHESIS FORMULATION
Based on the study as had been
discussed above, the following hypothesis have been formulated;
Ho:
Some government regulatory measures in business have not adversely affected the
growth and structure of Nigerian Breweries Enugu.
H1:
Some government regulatory measures in business have adversely affected the
growth and structure of Nigerian Breweries Enugu.
H0:
Because government does not always seek the opinion of public in matters
pertaining to business, its regulatory policies have not been very effective.
H1:
Because government always seek the opinion of public in matters that concerns
business, its regulatory measure have been effective.
H0:
Nigerian Breweries Plc may not be forced to sub-optimize research due to
increasing government regulatory measure.
H1:
Nigerian Breweries Plc may be forced to sub-optimize research due to increasing
government regulatory measure.
1.6
SIGNIFICANCE OF THE STUDY
Business had been criticized seriously
due to discriminatory rates and policies. The economic power had been in
the hands of all kind of processing and manufacturing industries through trusts
and corporate merger.
Meanwhile, due to this government in
order to rescue the economy has come up with so many regulatory measures which
are benefiticial to the following people;
a.
Employers
b.
Employees
c.
Consumers etc.
In fact it is because
of these, it becomes necessary to study the effect of government regulation on
the management of Nigerian Breweries Plc Enugu.
1.7
SCOPE OF THE STUDY
The study of this topic THE IMPACT OF
GOVERNMENT REGULATION ON BUSINESS is suppose to include many kinds of business
sector both private and public sector. In order to manage the topic and
carryout the study effectively and effectively the researcher deemed it fit to
restrict the topic to the effects of government regulation on business and it
affects Nigerian Breweries Plc Enugu.
Although, reference will be made on a
general basis because of the dinerse native of business.
1.8
DEFINITION OF TERMS
The following terms or words used in
this study will be defined:
Business:
This
simply means an economic activity undertaken to produce goods and or services.
Mixed
Economy: It is a system of
economy in which both private individuals and government jointly run the
economic activities of the country.
Fiscal Policy: It
is a tool or measure which the government used in regulating the economy
through taxes and government spending.
Monetary
Politic: This is another
measure used by the government in order to control the supply of money and the
terms and availability of credit in the nation.
Government: It
is an agency designed to administer the affairs of a state or nation.
Regulation:
This
is the system which government in controlling the economic activities of the
nation.
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