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EVALUATION OF THE
ACTIVITIES OF THE ORGANISED PRIVATE SECTOR IN THE DEVELOPMENT
ABSTRACT
This work is a study of the Evaluation of the activities of
the organized private sector in the development of Enugu State with the
particular focus on Enugu Chamber of commerce Industry. Mine and agriculture
*ECCIMA) and National Association of Small Scale Industries (NASSI). This is
because ECCIMA and NASSI has a vital role to play in the effective coordination
of both private and public sector. To assertion the contributions of ECCIMA and
NASSI in economic development of Enugu state structured and unstructured
questionnaires was designed validated and administered to 122 respondent of
ECCIMA and NASSI respondents of ECCIMA and NASSI’s staff the data collected
were analysed and interpreted using tables in simple percentages. Based on the
study, the analysis of data gathered reviewed that ECCIMA and NASSI has done
much to motivate companies to establish their business in Enugu state. They
have done these through companies and creating awareness among investors and
general public. This is to enhance the economic potential hampered by the
insufficient infrastructural facilities in the state. Based on findings, the
researcher recommended that government should place emphasis on the provision
of infrastructural facilities that will attract both foreign and local enterprise.
It also recommended that ECCIMA and NASSI should embark on more vigorous
marketing communication exercise to create the much needed awareness of it’s
activities which requires that government must include it’s annual budget as
substantial allocation to enhance the activities of ECCIMA and NASSI.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE
STUDY
According to Jenny (1982), Organisd private sector is the one
whose activities and operations are not determined through they may be directly
influenced by government activities. It may be manufacturing, Agriculture,
mining, commerce, and services.
Mohammed (2003) sees organized private sector as the same
with the government parastatals corporations. They corporate existence, they
can sue and be sued, they register in the Nigeria labour congress. Their shares
are quoted in the Nigeria stock exchange.
Bamiduro (2002) said that organized private sector are public
liability company (Plc) which the activities are registered in the Nigeria
labour congress and whose shares are quoted in the Nigeria stock exchange.
Edobanya (2003) observed that public corporations can become
organized sector only by privatization while organized private sector can
become public corporation by nationalization.
Apolos (1999) says that the only difference between public
companies and organized private sector is that it was registered by Act. The
public companies has government as it’s only owner while the organized private
sector has private persons as it’s owners.
Orji (2000) noted that what makes private sector organized is
that operations of the enterprises are organized in a way that government can
recognize them. The other private sector units are very numerous by
unregistered or registered companies whose shares are not quotable in the
Nigeria stock exchange.
Todaro (1982) noted that of an economy whose activities are
under the control and direction of non-governmental economic units such as a
households are the ultimate suppliers of the economy’s inputs of human
resources and the major purchasers of it’s outputs of goods and services.
Business units or farms comprising farmers professionals, traders etc. are the
second major group within the system. It is also noted from the above
definition that any economy outside the control of government circles are said
to be private sector.
The private sector are established by two to fifty people who
buy shares in the organization. It’s shares are not allowed to be subscribed
publicly. Also members of the sector cannot transfer their shares to each other
without the consent of other members.
Private sector is also a sole proprietorship that forms the
business, organize and make decision alone, taking all generated profits as his
reward and bearing all the risk and losses associated with the business without
involving the government.
They also put all that is needed efficiency, effort,
attention, extra time to make the business succeed. It is a business that has a
minimum number of two and maximum number of twenty persons. They come together
and with a combination of their resources establish and run a business
organization. Contributions and sharing of profit are based on the agreement
reached.
The private sector encompasses all non-profit businesses that
are not owned or operated by the government. In most free market economic, the
private sector is the sector where most job are held. Private sector get their
initial or subsequent, from personal savings, contributions or issue and sale
of shares to members of the public private sector pay taxes individual and
corporate taxes to the government and contribute to other social needs of the
people.
The earning of private sector is taken by the individual
owners or share by the co-owners or distributed as dividend to share holders in
an agreed manner or reinvested in the business.
Economic development of Enugu State.
The extent to which trade fair complex houses it’s corporate
office will measure up to the international standard.
The conflict of interest between (NASSI) National Association
of Small Scale Industries and (ECCIMA) Enugu chamber of commerce, industries,
mine and Agriculture arising from members who registered for implementation of
their programme of development.
Whether the organized private sector have achieved the
economic objectives for which they where set to purchase is the problem
confronting this study.
1.2 OBJECTIVES OF
THE STUDY
1) To
ascertain the objectives of ECCIMA
2) Finances or
sources problem affecting NASSI like finance or sources of raw materials for
their production
3) To
determine the activities of ECCIMA with respect to the create an avenue for
NASSI to communication to government, financial institutions and other
important organizations the problems of small seals industrialists with the aim
of requesting for necessary assistance from them.
4) To
ascertain the factors that impinge on ECCIMA the effort forwards facilitating
economic development.
5) To promote
business education programmes through organized seminars, trade fairs, debates
and pother relevant media.
1.3 PURPOSE OF THE
STUDY
Sequal to the above stated background of the study and
statement of the problems, the researcher shall seek to critically examine the
problems of Enugu Chamber of commerce, industries, mines and Agriculture, and
National Association of Small Scale Industries and to appraise it’s impacts on
the economy of the state.
The objectives are stated here in view of the literature
review that will be reported in the next chapter. Specifically, it is the
objectives of this study to ascertain the following.
1.4 RESEARCH
QUESTIONS
1. What are
the roles of Enugu chamber of commerce industry mines and Agriculture and
National Association of small scale industries towards economic development?
2. What are
the objective of Enugu chamber of commerce and industry mine and Agriculture
and National Association of small scale industry?
3. To which
extent has Enugu chamber of commerce and industry mines and Agriculture and
National Association of small scale contributed in enhancing the economic
development of Enugu state.
4. What are
the various activities of ECCIM and NASSI in respect to the conduct of trade
fairs?
5. what are
the factors that impinge on ECCIM and NASSI the effort towards affiliating
economic development
1.5 SIGNIFICANCE
OF THE STUDY
At the completion of this study, the following will benefit
ECCIMA will find out their strength and weakness of the establishment.
Government will help in evaluating the problems facing trade
fairs in the country and find possible solutions.
It will further be a research area for students in carrying
on research.
General public also benefited from this study.
1.6 SCOPE OF THE
STUDY
This study covers Enugu Chambers of commerce industry, Mines
and Agriculture and National Association of small seals industries as parts of
the organized private sectors; in the development of Enugu state.
1.7 LIMITATIONS OF
THE STUDY
The limitation of the study of the research work is as
follows;
1. Non- availability
of material
2. Lack of finance
3. Time
NON-AVAILABILITY OF MATERIAL: because some of the materials
needed in caring out this study is not enough, so it becomes a problem to the
researcher
LACK OF FINANCE: Due to inadequate finance, the researcher
could not carryout the research work.
TIME: There was insufficient time to carryout research
because of the short semester.
More over, Access was not of the given to the researcher to
read through most of the sensitive documents and official files. Another
limitation was the inability for some of the workers to permit face to face
interview. Incase of losing their job. One of the major limitation is that
some. Information were denied from the researcher which was regarded as
“private and official secret” Ever through the authorities understood the
research” work as purely Academic.
1.8 DEFINITION OF
TERMS
Certain terminologies which is strange to the layman and can
ever prevent him or her from understanding this study were used in this course
of study.
Therefore, to prevent this problem of miss understanding the
following terms were defined in this study to facilitate the readers work.
DISSEMINATION: The is used as a medium to spread news, deals,
beliefs etc. widely.
METROPOLIS: chambers universal dictionary defines metropolis
as a large city usually the chief city of state there in zing referred to as
Enugu capital city overcrowding is a problem in our metropolis due to
rural-urban migration.
SIZE: This refers to the proportion of the population which
has seen choose as a representative of the
INFLATION: A situation in a country’s economic where process
an ways keep forcing each other to increase.
SURCHARGE: An extra amount of money charged
INVESTMENT: To put money into a firm or business or buying of
shares in it order to make profit.
STRATIFIED SAMPLING: This is the method applied when the
population we are sampling in heterogeneous.
SAMPLE SIZE: This refers to the proportion of the population
which has been choosen as representatives of the universe.
COMMERCE: The exchange of goods between nation or people
trading or a large scale.
PAVILLION: A building next to a sports ground used by players
and spectators. It is also a temporary building especially a large extent used
to items at an exhibition.
FAIRS: Large scale exhibition of goods from different
countries, firms etc. which are sold at a relatively low price ie trade fair.
IMPINGE: To have a noticeable effect o something especially a
bad the
PROPAGATE: To spread an idea, a belief, or a piece of
information among many people
SEQUEL: This is a company or agency owed or controlled wholly
or partly by the government.
ECONOMY: The relationship between production, trade and the
supply of money in a particular country or region.
PRIVATE: Owned or managed by an individual person or an
independent company rather than the state.
SECTOR: A part of an activities especially of a country’s
economy.
ORGANIZE: To form a group of people with a shared aim
especially a union or political party.
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