An interview with an introvert and author of Text, Don’t Call: An Illustrated Guide to the Introverted Life.
1.1 BACKGROUND OF THE STUDY
As it is know that no business can operate in a vacuum or in isolation, organization have to interact with its environment and this environment can be classified as internal and external environment, therefore under external environment business organization are concerned with social /culture, believe religion, customer expectation and degree of the issue of social responsibility.
Corporate social responsibility is a concept that seeks to promote the overall welfare of the society by focusing on the attention of business organization on society obligation and social objectives. More so, social responsibility as one would say is a two way process in the sense that is does not have impact on the profitability of an organization.
It is the benefit of many executive that it is the right psychological meaning one association with their company employees will want work, there are people that will be favourably predisposed towards this of an organization the long term.
1.2 STATEMENT OF THE PROBLEM
The issue of the social responsibility has become a problem to some organization. This believes that being socially responsible is threat to the existence of the organization.
This organization lay emphasis on the relationship between corporate social responsibility and profitability of the organization. This corporate social responsibility of the organization. This corporate social responsibility is a colossal waste of share holder’s funds.
Also that social responsibility has nothing to do with the existence of an organization and finally, the organization lack knowledge on the benefit of corporate social responsibility.
1.3 OBJECTIVE OF THE STUDY
The aim and objective of the study are: –
- To look at the effect or impact of social responsibility on the profitability of the organization.
- To study the various ways by which the company can be socially responsible.
- To look at the reaction of the environment on the issue of social responsibility of a company.
- To consider the effect of being socially responsibility on the company profitability.
- To consider the effect of corporate social responsibility on the entire organization
1.4 RESEARCH QUESTIONS
- Does social responsibility increase the growth and quality of the organization?
2. To what extent can social responsibility assist International Breweries Ilesa in improving the level of operation?
The topic for this project was visualized by me and scrutinized, criticized and then modified within the effort of my supervisor Mrs. Olaoye. This project principally focuses on the effect of market segmentation on sales volume in a manufacturing industry with reference to Epee industries Plc Lagos. It helps an organization or government to segment their market who smaller divisions so as to service the consumers effecting, because the customer are too many with different characteristics of buying behaviour or requirements. Market can be segmented on geographic, demographic, psychographics and other behaviouristic variable. To be ultimately useful the segment should be measurable accessible and substantial. The source of data used for this research work are primary and secondary data. Primary source of data studies, the use of question was employed for collecting primary data, information were gathered from selected staff using structured and unstructured questionnaire so as information while secondary source of data include, consultation of textbooks, magazine dictionary and various books relating to market segmentation.
BACKGROUND OF THE STUDY
The effect of market segmentation on the sale volume manufacturing industry is concerned with theory and practice of dividing a market into definable groups, usually to improve marketing performance, frequently different segments of a market have individual behavioural patterns and require a different approaches for success to be achieved. And the firm because this has implication on the firm profit, which is the firm principal objective of running a firm.
Actually before anything could be said on market segmentation, the term market segmentation need to be defined.
Kolter and Arm-Strong (1996) define market segmentation as a process of dividing a market into distinct group of buyers on the basis of needs characteristics or behaviour who might require separate product or marketing mix.
This is so, because market consist of many types of customers, products, needs and the market has to determine which segments offer the best opportunity for achieving company objectives.
Leader (1995) define market segmentation the process of dividing a market into the homogeneous segment that collectively constitute the market that to being segmented. This is due to the fact that consumers may buy different goods according to their sex, ages, group, income, occupation or even geographic location. It should therefore be evident that marketing organization must attempt to develop or adopt product to satisfy specific must attempt to develop or adapt product to satisfy specific group of consumers.
Modern defines market segmentation vital issue in the study of marketing which has to within the analysis of a particular total market demand to its consentient parts, so that of buyer can be differentiated both as a marketing tool and as a basic input to market and business planning.
The customers are too numerous widely scattered and heterogeneous in their buying requirement i.e. buying behaviour. This is why the marketer has the responsibilities segment its market into smaller division, so as serve the customer effectively.
Finally marketing managers must segment their market for efficient utilization of the limited resources and to facilitate identification of the golden opportunity abounding in the market to boost the sales volume of the organization.
1.2 STATEMENT OF THE PROBLEM
The company (Unilever Nigeria Plc) has been using geographical segmentation method. Their marketing segment North, East West and Lagos. Through each segment is identified with a particular product, each one of them buys (in small proportion) products meant for other segments.
The cost of maintaining each segment differs and the returns (sales) from each market also differ.
There are a lot of questions to be asked when carrying out the process.
- Can market segmentation affect a sales volume
- How is market segmentation related to profit maximization?
- Can a manufacturing company do without market segmentation?
These and other questions will be examined with a view to providing appropriate answer.
1.3 OBJECTIVES OF THE STUDY
The main objectives of this study are:
- To enable the company to set standard sales target for each market segment.
- To enable the company top evacuate them mission and cost incurred on the each segment.
- To contribute significantly to the not-profit generated by the concerned company.
- To examine the conditions necessary before segmenting a market.
- After the completion of the study, it may equally assist the concerned company to make necessary correction where there are tactical lapses, and lastly to examine the relationship between market segmentation and sales volume in a manufacturing organization.
1.4 RESEARCH QUESTIONS
A scientific research must have research questions. The research questions give will order and direction to the research study as a whole. The research questions are regarded as a whole. The research questions are regarded as an expansion of the research problem. The followings are question drawn.
- Has the market segmentation method increased sales volume of the company?
- Has market efforts helped in stimulating more sales in the market segments?
iii. Is there any relationship between market segmentation and sales volume?
1.5 STATEMENT OF HYPOTHESIS
The hypothesis to be used as tools for this research work are the alternative hypothesis and null hypothesis are started as follows:
Ho: There is no significant relationship between market segmentation and increased in sales volume of the company.
Hi: There is significant relationship between market segmentation and increased in sales volumes of the company.
Ho: There is no significant relationship between market and profit making ability of the company.
Hi: There is significant relationship between market segmentation and profit making ability of the company.
1.6 THE SIGNIFICANT OF THE STUDY
– The significant of the study is to undergo a article examination of the impact of market segmentation or sale volume and method used in the selection of market segment with the hope of determining the contribution from each segment and to know whether the we of other marketing efforts in each segment will be profitable.
– The findings of this research work will be useful to the organization under study and other similar organization.
– It will also be helpful to future researches of same topic within and the state.
1.7 SCOPE OF THE STUDY
This research work focuses the impact of market segmentation on sales volume in manufacturing industries with more emphasis on geographical method of organization. The study will also cover the types of market, definition of segmentation method of the segmenting industrial and consumer markets etc. the research is conducted in Epee industrial Lagos.
Packaging is an integral part of the goods supply chain. It helps to protects goods from damage, allows efficient distribution, informs the consumer and helps to promote goods in a competitive market place. The main objective of the study was to determine packaging as a tool to boost sales volume in manufacturing industry. The subsidiary objectives include to determine whether packaging ensures the safety and quality of products – from manufacture through to storage, distribution and consumption, whether packaging contributes to product appeal, provides convenience and communicates information e.g. on nutrition and serving instructions. The research has shown that consumers are willing to pay a little more for the appearance and prestige of better packaging as a result of the rise in consumer affluence. In addition, the growth of discount stores, departmental stores and supermarkets has meant that the package must now perform many of the promotional functions. This means that it must attract attention, suggest something desirable inside it in the mind of the consumer and make an overall favorable impression. It was recommended that management should pay more attention to the promotional aspects of good packaging in developing specific packaging policies.
Packaging as tool to boost sale volume in manufacturing industries. The introduction of packaging as tool to boot sales volume cannot be over emphasized for the fact that it is a way of developing the nation economy. In this project, packaging in a business organization will be dealt with.
In this study, packaging is used for general operation of putting goods into container for shipment and storage or it can be taken to means as act of placing production in a special packing before getting to the general public.
Packaging is the general activities that involving designing and producing of products or goods particularly those pass into domestic and international market.
Prior to the advent of packaging a generalization of ideas about the product have to come in by producer after which the idea may be identified ideas of product which planning will be based upon selection of the best alternative idea screening will be take place as a result the best (alternative) with be chosen fro the exercise.
Sometimes, it is done by immediate environment factors for instance, the employer or a specific set of people have to pass their comment as to whether the product is alright I term of size, shape, colour and utility after which the product will be taking to the entire public through packaging.
Packaging is the most important aspect in the incoming or outgoing of product it serves some important purpose of good consumers as well as producer in the boost sales volume at production question such as protection trade appeal customer conveniences, image coordination at the product and as a product utility factors. Nonetheless one of the most significant sales influential is packaging design. It has been used as a crucial marketing tool in order to establish a proper product image and positioning induce consumers to try the goods and create the first impression of the product that generally affect the incremental sales. Therefore, it can be said that well designed packaging can increase product sales volume and profit
1.1 STATEMENT OF THE PROBLEM
Since it has been discovered that poor packaging in a manufacturing industries and it has also been discovered that, the prevailing style used in packaging the product is a result of packaging style. Therefore, the problem under achievement of manufacturing industries is effectiveness. The study will therefore examine which of the classical packaging styles can be more effective in an manufacturing industries So that the product could be improved in market.
1.2 OBJECTIVE OF THE STUDY
Objective of the study is that researchers are of view that finding of this work will provide various method or approaches of packaging that would be used in any manufacturing industries for boost sales volume of their products.
Considering the economy of industry where productions are in abundant supply, for the produces to be in operational existence, there must be adequate packaging for product so that consumers can easily identify once product in the market place. Also it has becoming necessary to engaged in special activities in boost of sales volume in manufacturing industries and there are time when people make use of effective packaging, its impact have being objective in the boost of sales volume of most manufacturing industries.
1.3 SIGNIFICANT OF THE STUDY
The main importance of this work is to examine the role played by packaging as a tool to boost sales volume in contributing to the increase in sales level and establishing good image in a form using UNILEVER NIGERIA PLC Apapa Lagos as a case study.
The finding of this research will be of utmost importance to other researchers, students alike and business organizer who will like to conduct a research on a similar topic in business of marketing areas
1.4 SCOPE OF THE STUDY
The entire work of this researcher study will concentrate on packaging as a tool for boost sales volume in manufacturing industries UNILEVER Nigeria Plc, Agbara Industrial Estate Lagos. The research work would be restricted to one of their companies scattered all over the country.
1.5 LIMITATION OF THE STUDY
Volume is broad in perspective packaging management encompass its product will review all issue related to packaging management functions
The finding the course of this project consists of five chapters and was faces with the problem of data collection and information necessary for this study due to official protocol.
Some data introduction required are not given because they were regarded as special data compounding the releasing information since they were as well very careful when they deals with outsider who they felt price into affairs.
All the same as systematic approach, friend posture and other made securing of interview possible but not without inches and transformation here and there.
Beside, to the researcher’s problem was that the faced with abandon lecturer many times for the purpose of this study.
1.6 RESEARCH QUESTION
The following are to be answered
- Are you always satisfied with the company packaging
- Will packaging boost your moral and patronage of the company’s product?
- Do workers find it easy to channel your complaint to the management?
- Does packaging as tool increase sale volume?
1.7 RESEARCH HYPOTHESIS
The following research hypotheses were used for the study are:
Ho: Packaging has no significant relationship with sales volume in manufacturing industries.
Hi: Packaging has significant relation with sales volumes in manufacturing industries
Ho: Packaging formulation is not significantly related to all departments in the organization.
Hi: Packaging formulation is significantly related to all departments in the organization.
1.8 DEIFICATION OF TERMS
SALES: this is act of having the product produced by the producer disposed to the final and ultimate consumer at a profit or it is a process of changing the producers production with a profit.
BOOST: this is a marketing strategy aim at communication to the largest consumer in the market, that the right product is available at the right place. It include, advertising sales promotion selling, public relation.
PRODUCT: this is the result of process of raw material energy manpower and time.
PACKAGING: this is the ability of covering a product to prevent it from damages and also to make it attractive in the sight of consumers and which influence sales.
MARKET: this is a set of actual a potential buyer of a product.
Sales volume: is the number of sold units of sales in a certain period of times.
Domestic market: A nation’s internal market representing the mechanisms for issuing and trading securities of entities within that nation
INTERNATIONAL MARKET: is involves the firm in making one or more marketing mix decision across national boundaries. Shipment is the quality of goods shipped, consignment, and coat and oil shipment.
CONTAINER: refer to items used to contain stove and transport product.
DESIGN: is a purposeful, systematic and creative activity.
DUAL OR MULTIPLE CHAMBER CONTAINERS are designed to allow for the co-packaging of more than one product which brought together create one integrated final product
SHELF STABLE: refers to those products that do not require refrigeration or freezing for safety
RESPONDENT: it is someone that has taken part in some type of study or research be it answer a questionnaire or it could be an interview
SUPPLY CHAIN: is a system of organization, people, technology, activities, information and resources involved in moving a product from supplier to consumer.
PRIMARY PACKAGING: is the material the first envelops the product and holds it.
SECONDARY PACKAGING: is out outside the primary packaging perhaps used to group primary packages together.
The research work is to look at how the organizational staff development programme on employees job satisfaction with reference to Unilever NigeriaPlc, Ikeja Lagos Nigeria. The research work is divided into five chapters. Chapter one deals with introduction to topic that is, background of the study, statement of the problem, objective of the study, significance of the study, scope of the study, limitation of the study, historical background of the case study (Unilever Nigeria Plc) and definition of terms. Chapter two focuses on the review of related literature, the review of many authors also included in this chapter on method of packing, significant and function that packaging service in boosting the volume of manufacturing industries. Chapter three based on research methodology design and sources of data, collection, population sample, preparation of research instrument and method of statistical analysis. Chapter four has to do with data presentation and analysis testing of hypothesis and interpretation of findings. Chapter five deals with summary of findings, discussion, conclusion, recommendation and suggestion for further studies.
1.1 BACKGROUND OF THE STUDY
With the rapid growth of civilization and technological development, different activities are carried out by different organizations. Management / Directors with the help of their staffs i.e. managers, secretaries, supervisors, clerical officers, cleaners and messengers work as a team to achieve management objective. The success of this organization depend largely on the effectiveness of the input and quality of jobs and performance of the staff employed to carryout the activities of this business and this will reflect on the type of morale that the organization gives to the employees.
Organization and employers of labours do not recruit staff who are not capable of doing things independently but people who can plan and use their experience and skills meaningfully in their areas of specialization. Special attention is paid to job performance, level of training and satisfaction of staff on their job when we talk of employees and organization will suffers so, it has been suggested that staff development should be a continuous process, either in the form of short course, in service training that will keep the employee abreast of the day to day change in office method and procedure.
Training is continuous an on-going process in an organization as it will enable us to acquire skill, the technical know how, adaptability and self assurance, loyalty and conscientiousness and techniques that not only enable the employees to perform exceptionally well but also will help to improve on his/her job performance and job satisfaction. If employees are properly trained to cope with the demand of their job, it will be more rewarding for the organization and the individual employees.
1.2 STATEMENT OF THE PROBLEM
The study is to investigate the impact of training on job performance of staff. This study will focus attention on the extent to which training is being organized in the company and its effect on employees especially in relation to their job performance.
1.3 OBJECTIVE OF THE STUDY
The main objective of the study is to find out through empirical analysis “The impact of organizational staff development programme on employees job satisfaction” other job of this research include: –
- To suggest ways of facilitating proper training and re-training for the workers.
- To suggest way to job satisfaction for all the employees in an organization.
- To suggest ways of enhancing productivity through employees job satisfaction.
1.4 SIGNIFICANCE OF THE STUDY
Nearly, every organization want to make greater productivity and profitability through employees efficiency and effectiveness. In order to make high productivity and profitability, employee job satisfaction and level of productivity.
The findings of this research work will be useful to management and staff of Unilever Nigeria plc, and future researchers on a similar topic.
1.5 SCOPE OF THE STUDY
This research will cover the three departments in the company i.e. training centre, personnel department and the factory. The scope of the study focuses on the impact of organizational staff using the Unilever Nigeria Plc as the case study. Its will be restricted to only three departments in the company i.e. the training center / per personnel department and the factory.
1.6 LIMITATIONS OF THE STUDY
As in any research work, the research work faces diversity of problems. The researcher encountered some obstacles during the course of this research. The major problems are: –
The purpose of this project is to examine effort of manpower planning on organization efficiency. I use sterling product Nigeria plc Ilupeju Lagos as a case study in order to be able to discuss with the union, employees and management, how they have been able to have greater efficiency in the organization. In order to acquire knowledge about the topic, many textbooks, written by eminent author in the field of manpower planning were reviewed. The use of questionnaire was also employed to gather all the data needed the workers. The data were interpreted and analyzed on different tables. The chi-square test was used to analyzed the quest relating specifically to the working hypothesis. This was on 50% level of significance. In considering the overall result of the data analysis, I was abler to bring out the impact of manpower planning on the organizational productivity and efficiency. Finally, I am profoundly grateful to authors of these books, journals and write up I consulted above all big thank to you all for you support and understanding. May Almighty God be with you all and guide you all right (Amen).
1.0 BACKGROUND OF THE STUDY
Manpower planning is connected with acquisition utilization development and maintenance of human resources.
Twain (1977) says that “every body is talking about it or they are not doing very, perhaps, everyone talks about human resources planning that, it is a step in the right direction, but must people do not assume the quality effort. Though, manpower planning is relatively new in the field of personnel management since twenty-five to thirty year age, not must has been written about the need for planning human resources in an organization”
However, it will appropriate to examine the strength and weakness of human resource this will in turn take it easier to have good plans, and programme that will be prepared to manpower planning in the management circle has helped organization in seeking a means of maintaining and improving their ability to achieve their corporate image and objective be developing strategy which are designed to increase the present and future contribution of manpower towards the survival of the organization. To this end, it is appear that manpower planning must be over all strategic planning of an organization it must be integrated with the business objective for organization effectiveness to be achieved.
If an organization planned for her sales, finance and production and disregard the human resources plan. It will find out that all other functional area planned for, will badly be implemented.
Nwanchuku (1987) has noted that on of the problem confronting management in an organization is the marching of people with jobs they have suited what makes an organization to be a successful one is the ability to forecast the future occurrence. Any organization that cannot have effective manpower planning will always be on risk side. More, if expensed and skilled people are few, it is therefore necessary to plan a head before the problem knocks on our door. Manpower planning is necessary because it given upper management a better view of the human resource dimension of business decision.
It should be noted however, that the days of unsystematic and initiate manpower management are drawing closely. Hence, if the manpower management is not adequately acquire and utilized, it will be worse than unplanned, because of the multiple effects, it will have on all other functional area. Manpower planning covers more than simple planning the future requirement. But it also taken into consideration the current level of skills in an organization and the levels, discharge or other reason.
1.2 STATEMENT OF THE PROBLEM
There are many problem that organization undergo and some of these problems have been solved through “manpower planning and its effect on organization efficiency” in this research work of these problems have been solved. The research examined the method of preventing under-staffing and also how to identify the course of labour turnover with the manpower planning and its effect on organization efficiency organizations were able to save problems that may arises.
Also, through manpower planning, we are able to understand that human resources into good and services that exist or can be created.
There resources are to be changed into the final product for consumption through the effectiveness of the help people working in the organization. Furthermore, with the help of manpower planning we wearable to know and solve the problem of over staffing, employees, are fully employed in order to avoid crown-less and illness in the organization. Over working to the employees may lead to unsatisfactory and demotivate.
1.3 RESEARCH QUESTIONS
Below are the questions prepared to test the effective of planning and organization effectiveness.
To test whether for research be accepted or rejected, certain analysis is will be carried out, and these include:
This project is about The Impact of Cooperative Societies on the Socio Economic Development of Rural Community. It took in to the impact of the Impact of Cooperative Societies on the Socio economic at large. The project is diverted into five (5) chapters. The first chapter deals with the introduction, problem, statement, purpose of the study, definition of term and limitations. Second chapter deals with literature review, influence of business environment and its effect. The third chapters has to do with research methodology, simple size and population size, data collection method etc. The study and finding is chapter four (4) is all about, it tries to verify it findings against the expected result. The last chapter deals with summary, conclusion; recommendations and suggestion for further studies.
1.1 BACKGROUND OF THE STUDY
Cooperative society is one of the oldest from of business organization that exist in our society. It has been in existence from the time immemorial cooperative society is from of democratic business organization meant for its members. Cooperative societies in Olawumi started with consumer cooperative aiming at providing consumer goods to its people as agreed in the cooperative by laws.
A cooperative .is an old business, it is voluntary association of people established after a period of careful study for the purpose of solving economic felt needs in the field of essential goods and services. It ism through the formation of cooperative societies that people have the opportunity to borrow money so as to finance their business like farming, supermarket, bakery, saw mill, patient and medicine store and many other business that are sited in rural area (small scale).
More so, the formation of cooperative society gives birth to cooperative offspring like cooperative press, cooperative bank, cooperative exporter limited located in almost all places of the federation including local government areas of Osun State. All the institutions mentioned above were set up to facilitate the progress, smooth running and development of numerous small scale project running in the area in Olawumi society, each cooperative halts its principal officers appointed or selected at the apex and lower levels, they include president of cooperative society union, affiliated president of the affiliated society treasurers, securities, auditors, managers and a few others.
The beneficiaries of such society include farmers, trader, pensioners, civil servants etc. All categories of people mentioned above have used the benefit derived from such to manage their own small scale business examples of Olawumi cooperative society including Itesiwaju Cicu Limited, Irewole (Ikire) Cicu Limited, Ayedade (Ifesowapo)Cicu limited etc.
1.2 STATEMENT OF THE PROBLEMS
Cooperative societies are faced with many problems in the country as a whole and the main problems that of ignorance. Many people in Olawumi cooperative society and Osun at large do not know much about the existence of cooperative. The worth of cooperative societies is not known to many people hence, majority of the local populace pay less attention to it. The question that comes to one’s mind went thinking about cooperatives as related to this study are: is a cooperative being faced with problems in Olawumi and Nigeria at large? If yes, are the problems facing cooperative in the country?
What are the possible solutions to the problems? Thus this research will examine the activities of cooperative societies towards the development of small scale business in the study area. To achieve this, the research will focus on impact of cooperative on the socio – economic development of a rural community in Osun state and Nigeria as a whole
1.3 OBJECTIVES OF THE STUDY
The purpose of this study is to examine the impact of cooperative societies on the socio – economic development to the member as people in general and the development of the rural community (small scale) in our society. Also the study will attempt to investigate the contribution of cooperative to the survival of small scale business in the community.
More so, it will stimulate all other researchers to develop interest in the researching into the impact of cooperative movement on the socio – economic development and influence of small scale business in the study
1.4 SIGNIFICANT OF THE STUDY
The cooperative societies have helped socially and economically toward the development of small development of scale business in the rural communities especially in the study area. This is when people become aware of the importance of cooperative societies. This research work is significant for the following reasons.
It will aid the socio – economic development of a number of cooperative societies in the area. It will also create awareness to the people for the benefit to be derived from joining cooperative societies.
This research focuses on computer as an effective tools for enhancing business in Nigeria commercial banks. The problems of this research are identified to include in accuracy, lack of efficiency etc for firms to adopt business and commerce strategies and tools, benefits must out weight investment and maintenance costs, commercial considerations and potential returns drive adoption. Beyond a certain level of connectivity (pc internet access, on-line information or marketing) not all business organization will necessary “Catch up” with large firms. Simply because commerce may not bring large benefits and business organization will stay with traditional business processes. Other barriers have been to be availability of ICT competencies within the firm and availability and cost of appropriate inter-operable small firm systems network infrastructure and trust and redress systems and cross-country legal and regulatory differences also impede cross-border transactions. The choice of United Bank for West Africa (UBA) Plc Ilesha branch for study will help in drawing a general conclusion with respect to other areas.
It is globally believe that the computers are able to provide useful information. If properly fed with a reasonable input or it will result in garbage out. The use of computer to carry out a very wide range of activities for work study and leisure has become part of our everyday life it is no longer something that you may want to use. If you are interested rather like motor car it is an essential part of our lives we are constantly told that anyone can use a computer and to some extent this true.
Computer in commercial and industrial setting have been around for several decades. Nothing new about that, what is new however is the availability of computing power at modest cost managers and workers through out business organization and banking industries. However in the banking industry, computer has been used in various areas carrying out their Day to day. Activities for the introduction of Micro computers the power to retrieve and process data no longer belong exclusively to computer specialist Information and Communication Technology (ICT) and business application provide. Many benefits across a wide range of intra and inter from business processes and transaction. Applications improve information and knolwdge management inside the firm and can reduce transaction costs and increase the speed and reliability of transaction for both business to consumer transaction in addition they are effective tools for improving external communication.
And quality of services for establishing a new customer despite these advantages rapid growth in business purchases and sales over the internet has yet to materialize. Commerce is increasing but still account for a relatively small share of total. Commerce broad definition of commerce including established as well as internet transaction suggest that in 2000 total on line transaction were generally 10% or less of total business sector sales and mainly. Business to business consumer sales is even lower generally less than 2% of the total retail transaction on line.
1.2 STATEMENT OF THE PROBLEM
Modern technology have brought about the use of computer system in all areas of our human endeavours in Nigeria and other African countries workers sees this as an attempt to replace them and to result them into mass retrenchment or loss their jobs. They always believe that where computer are installed will require less human effort to perform the desired operation. The problem of this study can be stated as does the computer effectively assists in the banking sector.
One of the major problems of Revenue Generation in Nigeria local Government Council of the nation its made of understanding the local government of Nigeria. The fact that the federal revenue allocation to the Local Government are dividing everyday. The research finding show that Ibarapa North Local Government is facing actuate problems in revenue generation. It shows that sources of internally generated revenue are many and untapped in Ibarapa North Local Government. Revenue is of great importance to a local government it is in fact what make the government to function. The concluding chapter tries to prefer possible solution though recommendation and an appropriate conclusion.
One of the biggest problems facing Local council in Nigeria is the lack of an elastic and well-defined revenue base capable of growing with the economy.
The source of revenue of local authorities in one country are grossly headquarter and insecure, the resist of which most local government are unable to fulfill there obligation local government in Nigeria raise revenue from internal source. The latter source companies transfer from the Federal or State Government (which) includes grants and shares taxes and borrowing share, taxes are these taxes collected in the Local Government jurisdiction by the higher level government and returned, all or in part to the jurisdiction from which they have been collected.
Grants may be earmarked for capital investment (and for other types of investment) including special purpose and therefore used for general budgeting support. Internal revenue source normally comprise local taxes, user change for public services, license fees and income produce for municipal property and investment.
Looking at Local Government operation budget in a numbers of States across country. It appears Local Government Councils arise about 75 percent of their operating budget from local sources and rely on internal sources for about 25 percent. The only important revenue on this level of Government in general is the property taxes which taxes and business rates are also becoming increasing important. In general local government spent about 65 percent of her operation budget on personnel (salaries, allowableness, and pension). This figure varies greatly among localities in the country.
Internal source of revenue are those revenue whose determination assessments and collective are solely the responsibility of the local government and the revenue so generated from such sources are the local governments and the revenues.
External sources of founds transferred or allocated to the Local Governments authorities by the Federal and State Government.
1.2 STATEMENT OF THE PROBLEM
These are problems associated with the collection of revenue in Local Government. This source will study the following problems.
- Fraudulent act on the part of the tax collectors.
- Improper machinery that is responsible for the collection of taxes at Local Government level.
- Non challant attitude towards dishonesty and non-diligence of the collection.
1.3 RESEARCH OBJECTIVES
- To highlight the constraints affecting generating of a Local Government
- To examine the adequacy or otherwise of the revenue to a Local Government
iii. To suggest ways of removing such constraints
1.4 SCOPE OF THE STUDY
For the purpose of this research, the scope of the study is limited to only Ibarapa North Local Government Council of Oyo State.
1.5 LIMITATION OF THE STUDY
The limited time the researcher has her disposal for the research work, the transport difficulties, the chances of meeting the respondents for the collection of data from the Local from the Local Government, the staff not want to disclose important facts necessary for the research work.
This work is designed the bureaucratic process involved on the impact of microfinance bank on the economic development of the rural populace “A case study of Agbeni Community Bank Oyo State”. The nature and future prospect on the impact of microfinance bank of economic development is also examined in this research work. This project work is hereby divided into five (5) chapters. Chapter one talks about the introductory aspect of the study, the background of the study, statement of the problem, the purpose of the study, scope, limitation of the significance of study, the research question, research hypothesis, the historical background of the study and definition of terms. Chapter two deals with the literature review. Chapter three discusses the research methodology used, instrumentation and research design, sample and sampling techniques and population size and sample size. Chapter four covers the data collection, data analysis and data interpretation. Chapter five efforts are made to drawn conclusion, recommendations and while references brings and the suggestion for further research work.
The failure of the mainstream banking has led to development of specialized bank such as community banks, people’s bank, and development bank among others. These institutions constitute the new dimension in banking.
Commercial and merchant bank which are reflected here as mainstream banks are important intermediaries of credit for all sectors of the economy. The Irony of the situation is that the banks re not interested in investing in productive sector of the economy rather they are interesting in investment that will bring a quick return banks for urban center,, their intermediating activities led in the marginalization of the rural centers and their populace in terms of development.
As rightly noted by “Ojo” that the role of the financial system in Nigeria leaves much to be desired since term of finance economic development and presenting the country’s industrialization process. The maladapted structure and functioning of banks and other financial institutions have not significantly improved since independence three-decade age. These short stated led to conventional banks as earlier stated led to the development of people oriented banks like community with basic needs of majority as the focus.
With high concentration of mainstream banks in urban centers and a programmed which in 1977 to converse mainstream bank establish by the end of phase 3 June 1993 total deposit increased to 1.3 billion and total stood at #5.1 billion despite these statistics actual impact on peasant agriculture and rural development was negligible as banks complain of lack of infrastructure and security.
Hence, the introduction of community banks as one of the institutions designed to current malfunctioning of the rural banking scheme became.
1.1 BACKGROUND OF THE STUDY
Community banking is a form of specialized unit banking, community bank is a work of directorate of food, roads and rural infrastructure (DERRI). DFRRI as it is now more community known, has three fundamental mandates firstly,
It was organize to mobilize Nigeria rural communities for developmental activities. Secondly, it was to provide these communities with infrastructure facilities notably roads, water and electricity. Thirdly, it was to provide and enhances productivity among the rural populaces as means of rising their capital earning and income. In a bid to execute its third mandate of promoting productive activities among the rural populace DFRRI was faced with the difficulty of resolving the problem of how to ensure easy access to credit for the masses of the rural populace.
It is clear and evident that without the resolution of this problem of credit provision no wide ranging productive development can be expected in the rural areas. Various representative of commercial, merchant and rural development banks as to how to make their credit provision process more appropriate to the circumstances of the majority of our rural populace but these led no where. As a way out of this imbroglio, the idea of a different and revolution any approach to the problem was conceived, articulated presented and to approve by only the government authority in the country namely the central bank of Nigeria and the ‘baby’ child was christened community bank of Nigeria.
The community bank is the child of the 1989 Budget speech of the president Ibrahim Badamaosi Babangida. It was introduced fully in the 1990 National Budget to provide rural populace financial services to any defined local community bank is one of the institution designed o current and functioning at the rural bank scheme.
The objectives of setting up the community bank scheme include;
- Facilitation of productive responses to the identification needs of the community especially in the rural areas.
- Promotion of a national financial system that integrate all factors at various level of government.
Community bank is a development need of the local community. The guiding principles in the establishment of the community bank are self help and community participation. As a result is expected to lead mainstream bank in its locality.
Community banking becomes effective in Nigeria when Professor Akim Mabogunje led National Board for bank was inaugurated on 16th July, 1991. The Board was to licensing and supervision body for the licensing and supervision of community bank in the country. The board has zonal office in Lagos, Kaduna, Enugu and Bauchi and headquarter presently is in Abuja.