THE EFFECT OF UNCONTROLLABLE IMPORTATION ON INDIGENOUS INDUSTRIES (A CASE STUDY OF NIGERIA BREWERIES PLC)
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ABSTRACT
The purpose of this study is to the effect of uncontrollable importation of indigenous industries with particular reference to Nigeria Breweries Enugu.
Due to the unprecedented growth in manufacturing and Merchandising industries over the fears, inventory has been accorded the save cost of those industries. It therefore follows that in trying to hold the industries in those manufacturing organization, the level of these should be adequately and properly controlled with the view to minimizing costs.
Hence, in conducting research, the researcher made use of oral interview and questionnaire she also reviewed other related literatures necessary to provide the required date for study. The data collected for the study were analysed in tables using chi-squares.
The findings were that through the management lives as much as the can, there are lapses in inventory control system also on the valuation of stock, the researcher found out that the company uses the first-in-first-out (FIFO)method of stock valuation in valuing her stock.
This is because of inherent benefits in its and commanded by the SAS, /AS and SSAP.
Based on findings, we have recommended among other things that the local source of raw materials should be made to suppl7y the firm when required.
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
- General background to the subject matter
- Problems associated with the subject matter
- Problems that the study will be concerned
- Importance of studying the area
- Definition of important terms
- References
CHAPTER TWO
LITERATURE REVIEW
- The origin of subject are
- School of thoughts within the subject area
- The school of relevant to the problem of study
- Different methods of studying the problem
- Summary
- References
CHAPTER THREE
CONCLUSION
3.1 Data presentation
- Data analysis
- Recommendation
- Reference
CHAPTER ONE
INTRODUCTION GENERAL BACKGROUND TO THE SUBJECT MATTER
The president of manufacturing association of Nigeria, Rufus Giwa (200.p16) define industry thus:
“Industry, particularly, miniaturization is the motive force for development. In fact, industrialization is more than engine of growth. It is also the catalyst for technological, financial and socio-economical advancement.
Trade, and more specifically foreign trade have astronomically been instrumental in man’s bids towards betterment of his lifer on earth.
Today, we can enjoy and make use of automobile made in far away Japan as if they grow in air gradens. Other articles which we can’t dream of producing even in the next millennium liters our markets as if they were going out of fashion. All these are courtesy of foreign trade and broadly on one of its two-pronged division. “Importation”. A very important concept is but like a two-edge sword, it can destroy if not carefully handled.
- A study on how foreign products crowd our market, and how our local industries are nose-division into oblivion show that we are already receiving a fair does of rough handing under the sharp claws of this excessive importation.“The Nigeria trade Journal” of March/April 1980, analyzing our trade statistics put the total of Beer and stout importation at N7,562,135. people shouted and rose dust over it that it is excessive, but what have we to say today that people 200m off from the country Just to import tooth picks and toilet tissues?The millions of graduates that our academic institutions turn out annually have their fate hanging over the balance. With hands supporting their checks , and all hope on divine intervention they helplessly watch as our few industries fold up in their hundreds.Retrenchment and counter retrenchment of workers have become so common as the few cresting ones battle to break even and remain in contention. Consequently, unemployment and poor standard of living can’t be more adventurous.
An it idle man they said is the devils tool coupling with the fact that both ends must meet, arm-robbery, fraud, bribery, corruption and other social vices exert domination. Hence our country can’t help wining the inglorious “most corrupt country” award in the year 2000.
Our surviving industries virtually are at the end of their letter judging from the lamentable figures they post in their annual report as profit after exuberant tax from a government that don’t spare their selves a through about their welfare instead of re-investment or expansion, the little token that will succeed in dropping into their counter went into unreasonable advisement which they see as their last resort to remain in contention in the ever growing competitive market.
These and many more have been the plight of our indigenous industries consequently upon excessive importation. This work try to look into the effect of this practice and how to curtail its excessive. It will make a steep further to put forward, measures towards remaining the vandalized state of our indigenous industry.
1.2 PROBLEM ASSOCIATED WITH THE SUBJECT MATTER
The subject matter is that which have a hamper of problems under it care: below are some of the them.
- DPERSSION AND DUMPING: With more and more goods from broad finding their ways undisturbed and unrestrained into the country, compiling with the locally made ones, a situation where supply will exceed demand will emerge. And not only will our wobbled economy and ingenious industries suffer a great depression, but also the nation will be turned into in dumping ground.
- EXCESSIVE COMPETITION: Our weak industries became so much of the market share from day to day fell to these foreign goods. and to fight back in their own effeminate way in order to still remain in contention, our indigenous industries resort to aggressive promotion which drain their meager income and adversely effect their level of operation.
iii. UNEMPLOYMENT: With a generous portion of the market under the..
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