ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE
PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE
TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO
PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN
CALL: 08068231953, 08168759420
EFFECT OF
ECONOMIC RECESSION ON INDUSTRIALIZATION OF OREDO LOCAL GOVERNMENT AREA OF EDO
STATE
ABSTRACT
The reason
for this research work is to identify the effects of economic recession on
industrialization in Oredo Local Government Area of Edo State. in the late
1970s and 1980s most countries in the world over notice a worldwide oil glut,
this situation displayed itself in a pronounced economic recession mostly to
countries like Nigeria that operates a
mono product economy. The research instrument that was used in the study was
the questionnaire. In an utmost bid to salvage the Nigerian economy, the then
civilian administration overly declared
austerity measures and other successive government that came into
administration categorically held firmly to the former measures adopted. These
research work findings are; Edo State have been under developed and the
industrial base of this locality is poor, due to the shortage of capital to
boost any form of economic and industrial development and also its effect has
affected to some extent, that they wont run at a loss due to the lack of
adequate capital to maintain the industries. The objectives and aims of the
study are;
To determine and to find out the areas of
industrialization that was, and is currently affected by the recession crisis
in Edo State.
To find out the areas of industrialization
that is most favored by the economic recession in Edo State.
To determine the degree of increase of
decrease in the industrial growth rate in Edo State.
The total
population of this study was 140. The following are but a few recommendations
suggested to adequately proffer lasting solutions to the present economic
condition, and they are as follows;
There is need for skilled personnel
intelligent and serious minded people should be given scholarship by the state
government and other voluntary agencies, people should be encouraged to go to
school so as to read advanced courses like accountancy.
Government should make concrete provision
of social amenities and infrastructures to the various industries in the
locality.
The effect
of economic recession on industrialization in Oredo Local Government Area of
Edo State which in turn produces with the positive and negative effects it had
on the Nigerian economy.
TABLE OF
CONTENT
CHAPTER
ONE
Background
of study
Purpose of
the study
Significance
of study
Scope and
limitation
Definition
of terms
CHAPTER
TWO
Review of
relevant literature
CHAPTER
THREE
Population
and sample
Method of
data collection
CHAPTER
FOUR
Results
Analysis and
discussion questions
CHAPTER
FIVE
Findings
Recommendation
Conclusion
BIBLIOGRAPHY
QUESTIONNAIRE
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Nigeria is one of the West African
Countries and there are thirty six states in Nigeria of which Edo State is one.
Industrialization in Nigeria dates back to the origin of men when most towns
were alive with the activities of craftsmen, artisans and small scale
industrialists. These self employed people worked long hours and their creative
energies and amazing talents were indispensable in organizing the productive
forces of the economy. These people did not only supply a wide variety of goods
and services by means of the apprentices system, they provided vocational
training in the jobs for thousand of able bodied Nigerians to ensure that
industrialization get boost of a department of commerce and industries was
established long time to assist in such economic improvement and development as
many will be decided upon, on the department made a substantial contribution
towards industrial development in the country.
It launched number of significant
development projects such as the pioneer oil mills, textile mills, canning and
boat building projects. Since getting independence in 1960, the federal and
state government including bodies and individuals have assumed major
responsibility and role in stimulating industrial development. As a result many
government sponsors industries like Bendel Brewey Limited Company have emerged
economic recession, on the other hand is a period of slow down economic growth
a rise in unemployment and also is a period of increasing permission. Recession usually come as a climax of
shortages and inflation. According to Samuel (1985) economic indicators under
recessionary condition manifested themselves in different ways. The
expressionary tendencies during booms gradually stops and a slowdown in
business activities and contraction sets in investments that looked profitable,
on the expectation of continuously rising prices and output suddenly becomes
unprofitable, financial institutions and leaders become more cautious of
possible changes in price. The first
major worldwide economic recession surfaced during the world war II that ended
in 1945. Early 1980s witnessed another
worldwide economic recession which occurred partially as a result of oil glut.
The situations became unbearable to Nigerians as one of the man suffers, hence
in 1982, the civilian administration of Alhaji
Shehu Shagari overly declared the austerity measures now plaguing the
Nigeria economy. As if the economic recession has come to stay other successive
administration in Nigeria have held firmly to the austerity measures./ even the
dynamic government of Babangida administration went a step further to impose
months economic emergency period.
Industrialization is the key toi economic development for any country to attain any considerable level of development, since
the benefit derived from the various industries cannot be overemphasized it is
the pride of a national to develop more industries in order to achieve maximum
technology progress. Foreign goods produced by foreign industries can also
contribute to economic development. This is necessary because it features
growth and development.
1.2 STATEMENT OF PROBLEM
The background of the research
investigation shows the trends of industrialization in Nigeria as a nation and
the effort of the various governments to create an industrialized economy.
Currently, there emerge the worldwide economic recession which has numerous
effects on the industrial development of Edo State in particular and the entire
country. The problem, of this research investigation is to determine the length
to which the economic recession has affected industrialization as a vital
instrument for growth and development in Oredo Local Government Area of Edo
State.
1.3 OBJECTIVE OF THE STUDY
Understanding the problem, the
researcher hopes to achieve some basic objectives that will perhaps assist
individuals, government and corporate bodies in finding long lasting solutions
to the problem posed by the economic recession as far as industrialization is
concerned through an intensive investigation. The research objectives are
listed below;
1. To determine and to find out the areas of
industrialization that was, and is currently affected by the recession crisis
in Oredo Local Government Area of Edo State.
2. To discover whether the economic recession
prevented prospective industrialization from realizing their dreams.
3. To find out the areas of industrialization
that is most favoured by the economic recession in Oredo Local Government Area
of Edo State.
4. To determine the degree of increase of
decrease in the industrial growth rate in Edo State.
1.4 RESEARCH QUESTIONS
This research piece is out to test the
questions “Edo State owes its industrial growth to the effects of
industrialization various methods will be employed which include consulting
journals, meeting people in that field and workers in the industries location
in Oredo Local Government Area of Edo State for interviews. The researcher
formulated the following research questions;
1. In what ways is non-availability of capital
affects the development of industries?
2. How has improper management and
administration led to the collapse of some industries?
3. In what way can non-availability of labour
affects the development of industries in Edo State?
4. In what way have poor infrastructural
facilities affected the development of industries in Oredo Local Government
Area of Edo State?
5. In what ways can loans be obtained by
prospective and existing industries from various financial institutions?
1.5 SIGNIFICANCE OF THE STUDY
The study will be of great value to the
development of new industries in Oredo Local Government Area of Edo State. It
will contribute immensely to the exploration of the effects that have led to
the backwardness of industries in the area of study and suggested possible
solutions to those effects identified and it will be of significant value to
the three tiers of government which are federal, state and local in the
allocation of resources so as to cater for potential and aspiring industries
that are on the rise.
Furthermore, it will be of significance
to manager existing and potential entrepreneurs and directors of subsequent
industries in Edo State. knowledge about its significant finance will equip
incoming and aspiring investors who tends to invest in the industrial sector so
as to ensure efficiency and maximum prosperity towards development.
1.6 SCOPE OF THE STUDY
The concept industrialization is wide
and broad; therefore the researcher in an attempt to carry out an efficient and
effective investigation restricted his study to the manufacturing industries.
In effect, the study covered the product oriented industries. The sample
covered industries in Oredo Local Government Area of Edo State including the
following production sectors;
1. Textile industry
2. Wood industry
3. Chemical industry
4. Brewery industry
5. Bakery industry
1.8 DEFINITION OF TERMS
Oil glut:
Oil glut simply refers to a situation where there is excessive supply of
oil by the various oil producing in a countries.
Economic
recession: economic recession is a period of well lightening a period that is
characterized by drastic cut down on aggregate demand for goods and services.
Infrastructural
facilities: These are materials needed by new and existing industry to have
effective and smooth running of the firm in order to ensure maximum profit and
the firms actualizing it’s objectives.
Raw
materials: It simple means the manufacture outputs (goods and services).
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following
instructions and information if you will like to order/buy our complete written
material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount
(#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project
topics
(2) Email
Address
(3) Payment
Name
(4) Teller Number
We will send your material(s) after
we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment