THE IMPACT OF COMPUTERIZATION IN THE GROWTH OF NIGERIAN ECONOMY (A CASE STUDY OF SOLIVE OIL MANUFACTURING COMPANY NIGERIA LIMITED)
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THE IMPACT OF COMPUTERIZATION IN THE
GROWTH OF NIGERIAN ECONOMY (A CASE STUDY OF
SOLIVE OIL MANUFACTURING COMPANY NIGERIA LIMITED)
CHAPTER ONE
1.0 INTRODUCTION
Nigeria,
like most developing countries is an “Information poor” country. Most of
Nigeria’s wealth and power comes from the control of physical assets-land, oil,
iron steel, coal e.t.c But in the 21st century, this cannot continue to happen.
The main source of value and competitive advantage in the new economy is human
and intellectual capital. With a present population of about 150 million
people, Nigeria in theory has the capacity to make a successful transition into
a truly knowledge driven economy.
1.1 DETAILS OF THE PROPOSED STUDY
For the
purpose of this report or rather, project, the term “Information technology”
shall be adopted to include all computer based activities that derive from the
convergent disciplines of microelectronics, computing and telecommunications
and that have led to the reorganization of the processes of production,
distribution and circulation in Nigerian society.
With Solive
oil manufacturing company Nigeria limited, one of such production companies
specialized in oil production will have to take note that exciting trends are
sweeping across the world. In advanced economics “knowledge” is fast becoming a
strategic asset for economic development. Technological advances and
globalization are gathering pace. Advances in information and communication
technology are occurring on a tremendous scale and every organization looking
to improve with great innovation must key in.
1.2 ENUMERATION/PROBLEM ASSOCIATED WITH THE
CASE STUDY
The problem
associated with Solive oil manufacturing company is such that should not be
taken lightly. According to one of the staffs interviewed, most of problems are
caused by most of problems are caused by mismanagement of funds. This has
become a general problem ruling in the Nigeria society today, beginning from
the federal government down to the private sector. If Nigerian economy is to
improve, the management must act with strict polices such that would put a
check to every activity and misuse of company funds.
Other
problems associated with the case study are listed below:
vInadequate
policies that would put a check to activities on site and on management as
well,
vLack of
technical know-how: in the 21st century where computers are used to make jobs
easier and faster, many of the staffs has not the knowledge to operate and techniques
to work in such fields.
vInadequate
training of employee
vInadequate
safety kits and training
All of which
sum up a great deal of let down in production and improvement in strategies of
work. Without taken a good look into these problems, the Nigerian economy will
grow.
1.3 PURPOSE OF THE STUDY
The purpose
of the study hovers around identifying all or some of the problems associated
with information technology and communication in Solive oil manufacturing
industry as to the growth of Nigeria’s economy, and seeking ways to change this
problems so as to improve the country’s economy, since ITC adoption is one of
the key factors fueling economic and community development both in the urban
and rural areas of the country.
1.4 RESEARCH QUESTIONS ON THE STUDY
To improve
on the poor situation of the Nigerian economy using Solive oil as a case study,
one needs to ask oneself several questions some of which are:
ØWhat is
meant by economy of a country?
ØWhat is the
significance of a good economy?
ØHow can one
affect an economy positively?
ØWhat is
information communication and technology?
ANSWERS TO
THE ABOVE QUESTIONS
What is
meant be economy of a country?
The economy
of a country is meant by the relationship between production, trade and the
supply of money on a particular country.
What is the
significance of a good economy?
The
significance of a good economy is that there would be a better life in the aspect
of low cost of living.
How can one
affect an economy positively?
An economy
can be affected positively if one can detect the cause of its economic
problems. Most economic problems or a better economy is mostly affected by its
small scale business sector.
What is
information communication and Technology?
Information
communication and Technology is defined in the document “Interactive Education:
An Information and Communication Technologies Strategy for Schools” Ministry of
Education, 1998) as: “Information Technology (IT) is the term used to describe
the items of equipment (hard ware) and computer programs (software) that allows
us to access, retrieve, store, organize, manipulate and present information by
electronic means.
Communication
Technology (IT) is the term used to describe telecommunications equipment
through which information can be sought and accessed.
1.5 IMPORTANCE OF THE RESEARCH
Nigeria has
probably taken care of the greatest political hurdle facing it since
independence by putting in place a democratically elected government. However,
the time is now ripe to shift emphasis onto something equally important. To
bring lasting peace, economic freedom and prosperity to its people.
Nigeria
needs a change of direction. The forces of change outside Nigeria are drawing
the need for change within it. Therefore to maintain itself on a pace with the
test of the world and to be able to compete successfully in the fast moving
world economy, Nigeria has to radically reform itself.
1.6 RANGE OF THE STUDY
The range of
the study includes all aspects of economic production down to the educational
sector, industrial sector, agriculture, geography, commerce and industry and
other aspects including the development of the rural and improvement on urban
areas of the country.
The range of
study needed to be wide because unlike UK and US, Nigeria is far behind.
1.7 LIMITATION OF THE STUDY
The project
work was limited greatly by the following factors:
üTime
Constraint: The time available to carryout this cumbersome project was short as
a result of a perfect work was hundred but the result and achievement of the
work was commendable.
üFinancial
constraint: To carryout a project this type, money is required, which was found
difficult to raise at some point of the research work.
üInadequacy
of information: The management of Solive Oil Manufacturing company were not
cooperative, thereby making the gathering of information on the company
difficult.
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