Human Resource Implications Of The Consolidation Of The Nigeria Banking Sector

Human Resource Implications Of The Consolidation Of The Nigeria Banking Sector. An In-Depth Study Of First Bank Of Nigerian Plc Enugu Main Branch.

Abstract

          Human Resource Previously known as Personnel Management has been used to describe that function of Management that deals with the recruitment, employment training, redeployment, safety, welfare and departure of employees in an organization. The managing of human resources aims to achieve employees’ good relationship, efficiency, fairness and justices, the capacity development of the employee enablement and equal contribution, fair terms and conditions of employment and satisfying work for those employed.

It is against this definition that this work x-rays the implication of Human Resources of the Consolidation of the Nigeria Banking Sector. Continue reading Human Resource Implications Of The Consolidation Of The Nigeria Banking Sector

cooperative: A strategy for generating employment

 TOPIC

COOPERATIVES: A STRATEGY FOR GENERATING EMPLOYMENT OPPORTUNITIES IN ANAMBRA STATE (A CASE STUDY OF AWKA SOUTH LGA)

ABSTRACT

The purpose of this research is to know the capacity of cooperative in generating employment opportunities. The researcher decides to use Awka South Local Government Area of Anambra State as a case study. Sample size was statistically determined from the population. Data were collected from both primary and secondary source. The responses obtained from the respondents through questionnaires were analysed using table, frequencies and percentage, and the findings revealed that cooperative societies assist/help in generating employment. The present performance of cooperatives in Awka South Local Government Area indicates that they have provided employment for people, they also teach the best skill to use for self employment and reliance. However, these societies require assistance to make their operational scale more viable. In addition, mobilization of jobless people would help to adopt co-operative integrated approach in generating employment opportunities in Anambra State and beyond. Finally, cooperative societies should be empowered to establish factories and viable small and large scale industries, which will create more employment opportunities to people.

CHAPTER ONE

  • Background of the Study

Cooperative is very important in the creation of employment opportunity, since its members can came together and put hands to carry out one business or the other.

Cooperative has been in existence since the early days of industrial revolution in the Great Britain between the 18th and 19th centuries, it is a device adopted by the suffering class during industries revolution to amend their condition, and we cannot over-emphasize the role cooperative plays in the generation of employment, improving the people’s standard of living and poverty eradication.

Unemployment could be referred to as any factors of production which is not active and have not been utilized for production. It is an age-long problem and has hindered development. It is crowned with a lot of problems caused by human and nature, and to a great extent, this has been responsible for the poor performance of the some sector of the economy, especially in our country, Nigeria.

In this work, we are looking out to see the roles of cooperatives in the generation of employment opportunities in Awka South Local government Area, Anambra State. All over the world in less developed countries, millions are unemployment forces are without paid employment. The role of cooperative in the creation of employment has attracted the intellectual thoughts of many policy makers and other educated elites in developing nations since their attain of political independence.

For instance, in Nigeria this interest was incubated from use of local resources, equitable labour, income and general idea of self reliance and sufficiency. A country with high population density has a potential for diversified development especially where there is considerable quantity of mineral wealth, which include resources like petroleum, iron rural gas, gold etc.

The problem of unemployment has been a major issue and the remote cause of brain-drain in the poor nations. Actually, it has become obvious that the large scale industries with their capital intensive input have completely failed in decreasing numbers of unemployment in the economy. Therefore, cooperative policy makers and government are re-directing their interest towards the establishment and labour intensive productivity with small initial capital out-lay.

Consequently, the Nigerian industrial development policy led to the concentration of major industries in cities, drift of the population to urban area, stagnation of rural development and eventual abandonment of the agricultural and small industries that are found in the rural communities. This has necessitated the order by the federal government for total restructuring of the economy, emphasizing basically the sourcing of local raw materials and the important and adaptation of the technology. This attempt of restructuring the economy and improving the standard of living of the people has led to the federal government formation of programmers such as national Agency for Poverty eradication Programmes (NAPEP), NEEDS, PAP etc.

All these were mainly to improve the living condition of the neglected majority in the rural areas, creating employment in rural areas through the improvement of indigenous technology and establishment of small scale industries.

The role of cooperatives in the generation of employment will be a variable tool in reducing poverty and inequality as a result of an increased demand for labour.

  • Statement Of The Problem

The following factors are some of the problems of unemployment in Awka South Local Government Area

  • Immobility of labour
  • Inadequate educational planning in the area
  • Slow rate of Economic growth
  • Lack of cooperative spirit
  • Low level of education in the area
  • Lack of assets to credit facilities
  • Use of capital intensive methods of production
  • Greater attraction of wage in urban areas than the rural areas
    • Objective of the Study

The general objective of the study is to identify the function/role of cooperative in employment creation in Awka South Local Government area of Anambra State.

The specific objectives are as follows

  • To find solution to local problem of employment
  • To know the type of unemployment in Awka South Local Government Area
  • To find out the factors which affect/hinder cooperative in creation of employment
  • To know how the government assist cooperative in generation of employment
  • To know if cooperative societies have the potential to create employment for the growing population in Awka South Local Government Area.
  • To find out whether cooperative can reduce the rate of unemployment in Awka South Local Government Area
  • To know if cooperative area willing to generate employment.
    • Research questions

To find out the function/role of cooperatives in employment creation in Awka South Local Government Area. The following are the research questions.

  • What are the potentials of cooperatives in creating employment?
  • How do cooperative contribute to employment creation?
  • What are the problems faced by cooperatives in generating employment or job opportunity?
  • What are the consequences of generating employment by cooperatives?
  • How does illiteracy and semi-literacy of the cooperative societies constitute a set-back in that effort towards employment creation?
    • Significance of the study
  • It helps cooperatives to know whether they have all it takes to generate
  • It will help cooperative members to understand their aims, objective achievements target and especially people comment about then.
  • It will help to know areas which cooperative could generate
  • The effectiveness of cooperative in employment generation will be easy to measure by the government.
  • The researcher feels that the unemployed citizens of Awka South Local Government Area would be desperate to join cooperative societies registered according to the requirement of Act 90 of 1993, so as to hold movable and immovable property and also have legal rights of business operations.
    • Scope and limitation of the study

Scope of this study centered on “cooperatives” a strategy for generating employment opportunities in Anambra State; it covered only Awka South Local Government Area for the period of 2010-2013 activities.

The researcher encountered problems during the course of carrying out this study. Some of this problem includes;

Lack of funds: Because of inadequate fund, researcher was unable to travel to some places to distribute questionnaires to the respondents

Time factor: The period to carry out this study was limited because the researcher has other academic schedules such as attend classes for lectures ad preparations for final exams. As a result of this, the researcher was not able to cover other important areas

Inadequate materials: there is no enough materials with regards to this topic and makes it difficult for researcher to obtain more information.

  • Definition of Terms

Cooperative: It is an autonomous association of persons who united voluntarily to meet their social, economic and cultural needs and aspiration through a jointly owned and democratically controlled enterprise.

Unemployment: it is a situation where there are people who are willing and able to work, who are actively seeking for work but find no job.

Employment: This is a situation where people are engaged in productive venture and are paid for their effort with which they earn a living with it.

Labour: It is the percentage of the population actually at work or able and actively for jobs.

————- this is an incomplete article ———– it’s a product of a high quality project researched work.

Project topic: COOPERATIVES: A STRATEGY FOR GENERATING EMPLOYMENT OPPORTUNITIES IN ANAMBRA STATE (A CASE STUDY OF AWKA SOUTH LOCAL GOVERNMENT AREA)

To access the complete project material pay a sum of 3,000 naira to the following account number.

BANK: FCMB

ACCOUNT NAME: OKEKE CHARLES OBINNA

ACCOUNT NUMBER: 1475680026

Then send your name, topic of interest, E-mail address, teller number as a test message to 08064502337 or Email: dollarchurch@yahoo.com

The complete material will be forwarded to you immediately

Thanks and God bless

www.bravoprojecthelp.com has one of the best researched project material in all areas of academic discipline.

Bravoprojecthelp.com mainly serves as a guide by providing material which can aid your research work. We do not encourage any form of plagiarism or the paper produced herein for cheating.

…..some related project topics and materials.

The role of commercial banks in the growth of manufacturing sector in nigeria

THE ROLE OF COMMERCIAL BANKS IN THE GROWTH OF MANUFACTURING SECTOR IN NIGERIA: A STUDY OF FIRST BANK

ABSTRACT

The main purpose of this research work is to examine the role of commercial Banks on the growth of manufacturing sector in Nigeria. The specific objectives are to determine the effect of commercial banks credit on the manufacturing sector, and also to assess the extent at which lack of bank’s credit has hampered the efficient performance of manufacturing sector. Data were collected from secondary sources. The data were presented in tables. The techniques of percentages and frequency were used. Unit Root Test, co-integration test and error correction model were used in data analysis. Having analyzed the data the researcher found out that there is significant effect of commercial banks credit in the growth of manufacturing sector in Nigeria. The researcher recommended that the government should re-introduce commercial banks credit scheme so that beneficiaries can use them to run manufacturing firms. Central Bank of Nigeria should regularly organize seminars for potential manufacturers where they should be educated on how to acquire credits from banks how to plan, organize, direct and control their business.

CHAPTER ONE

  • BACKGROUND OF THE STUDY

In Nigeria, the efficiency of economic activities through public enterprises has been a contending issue. It has been generally agreed that the performance of public enterprises has been disappointing despite the huge financial resources invested in them. Moreover, public enterprises are negligible. This face leads support to increase in the rate of private sector through the growth of manufacturing industries in the economy. The tendency to boost private sector participation has a prominently shaped advice in the nation’s financial institution as well as the policy making process in Nigeria (Badawi, 2004).

However, the manufacturing sector is handicapped due to lack of fund to expand production activities. The role of commercial bank is critical to manufacturing growth. The commercial bank will aid the manufacturing sector by advancing loan at the cheapest rice or help them in sourcing the fund this invariably will increase the production activities of the manufacturing sector.

In view of the ambitious growth target that motivated macroeconomic policy making in developing countries, the potential effects of monetary policy austerity on the manufacturing sector ability to commit substantial capital outlays and various institutions to mobilize required savings have special attention (Naini, 2005). The importance of manufacturing in any economy is highly incontestable. However, this role cannot be effectively carried out without capital.

Penrose (1963), in explaining the growth of manufacturing firms raised the issue of capital entrepreneurial power. The empirical literature in economic growth consistently shows that the rate of accumulating physical capitals or investment is an important determinant of economic growth. The studies on the determinant of invest in developing countries against the traditional theories of investment focused on the role of government policy and tried to derive a explicit relationship between the principal policy instruments and investment (Bljer and Khan, 1984). Peterson and Rajan (1992)state that small credit rationing because of potential lenders have little information on the management capabilities or investment opportunities of such firm and are unlikely to be able screen out poor credit risk, or to have control over borrowers investment. Inspired by the influential work of Mckinnon and Shaw (1973) and the structure Adjustment programme of the IMF and the world bank, the effect of various macroeconomic policy on the manufacturing sector through private investment in developing countries have drown much attention. Financial sector liberalization with interest rate reduction considered constitutes an integral part of this new economic policy. It is argues that, administered interest rate thus reducing the availability of loanable fund and expansion of manufacturing activities but also lead to insufficient allocation of resources and therefore financial sectors liberalization has been recommended (MCkinnon, 1973) world bank 1983.

Nigeria government and economic reformers are pursuing a market determined interest rate regime which does not permit a direct state intervention in the general direction of the economy. Nigeria during the deregulation era was not encouraging (CBN, 2003).

However high lending rate coupled with the general perception of manufacturing enterprises lack of the traditional bank collateral requirement meant that the manufacturing sectors access to former loan is limited.

  • STATEMENT OF THE PROBLEM

Commercial banks in Nigeria see the manufacturing sector as very risky and granting credit to the sector is justified in terms of risk and cost. This arises from difficulties in obtaining information on firm through financial condition and performance coupled with a weak and inefficient government which makes it difficult for banks to enforce contracts (Adebi and Babatope, 2004). According to Central bank of Nigeria (2004), this institution performed below expectation due to some affects the institution responsible for manufacturing sector. These constraints include

  1. The nature of small scale enterprises limits its accessibility to financial institutions.
  2. Inadeuqat3e infrastructures are responsible for the failure of commercial banks from adequate financing manufacturing sector.
  • The problem of poor funding and under capitalization considering the fact that the nation has recognized the primary importance of private sector through the manufacturing sector as an engine of the much anticipated economic growth.
  • OBJECTIVES OF THE STUDY

The general objective of the study is to critically examine the role of commercial banks in the growth of manufacturing sector. Specifically, the objectives includes

  1. To determine the effect of commercial banks credit on the manufacturing sector in Nigeria.
  2. To ascertain factors influencing credit availability to the manufacturing sector in Nigeria
  • To determine how bank credit can be utilized by manufacturing sector to achieve a deserved economic growth.
  1. To determine relationship between economic growth and total credits of commercial bank on manufacturing sector in Nigeria

This study will seek to answer the following questions

  1. What are the effects of commercial bank credit on manufacturing sector in Nigeria?
  2. What are the factors influencing the credit availability to the manufacturing sector in Nigeria?
  • What are the factors that limits manufacturing sector in utilizing the bank credit
  1. What are the relationships between economic growth and total credits of commercial bank on manufacturing sector in Nigeria?

RESEARCH HYPOTHESES

To ensure the reliability of this study, it will be guided by the following

Hypotheses One

Ho: There is no significant effect of commercial banks credit on the manufacturing sector in Nigeria.

Hi: There is a significant effect of commercial banks credit on the manufacturing sector in Nigeria.

Hypotheses two

Ho: There is no significant factor influencing credit availability to the manufacturing sector in Nigeria.

Hi: There is a significant factor influencing credit availability to the manufacturing sector in Nigeria.

Hypotheses three

Ho: There is no significant achievement that manufacturing sector utilizes from bank credit on economic growth.

Hi: There is a significant achievement that manufacturing sector utilizes from bank credit on economic growth.

Hypotheses Four

Ho: There is no significant relationship between economic growth and total credits of commercial bank on manufacturing sector in Nigeria.

Hi: There is significant relationship between economic growth and total credits of commercial bank on manufacturing sector in Nigeria.

  • SCOPE OF THE STUDY

This work covers the period between 1970 and 2013. This is as a result of data available and to be able to ascertain the performance of the manufacturing sector before and after deregulation of the financial sector

  • SIGNIFICANCE OF THE STUDY

This study is relevant to the financial institutions because it will help them to recognize the effect of their bank credit to the growth and development of the manufacturing sector. It will also help the government to make implementation and enforce economic policies that will be beneficial to the private and manufacturing sector of the economy. Effective investments are needed to acquire modern machinery and equipment and appropriate technology, as well as upgrade the quality of the labour force and the environment. However, this requires a lot of funds which could be sourced from the banking system. This entails capital finance. Currently, the bankers committee is working on a proposal which will require banks to set aside 10% of their yearly profit for equity investment in small scale industries. This will be complemented with increased bank funding if the government can set up a credit guarantee scheme which will share in the risk of lending to the manufacturing sector. Popularization of use of the capital market for long term financial is also necessary (Anyanwu, 2004).

Additional, it will help the society to recognize the benefits and usefulness of commercial banks to the growth and development of the manufacturing sector of which in turns helps to boost the standard of living of the population in the economy. Commercial banks through central bank of Nigeria are now being evaluated in spite of numerous economic reforms (Toby, 2013).

————- this an incomplete article ———– it’s a product of a high quality project work researched work.

Project topic: THE ROLE OF COMMERCIAL BANKS IN THE GROWTH OF MANUFACTURING SECTOR IN NIGERIA: A STUDY OF FIRST BANK OF NIGERIA PLC

To access the complete project material pay a sum of 3,000 naira to the following account number

BANK: FCMB

ACCOUNT NAME: OKEKE CHARLES OBINNA

ACCOUNT NUMBER: 1475680026

Then send your name, topic of interest, E-mail address, teller number as a test message to 08064502337 or Email: dollarchurch@yahoo.com

The complete material will be forwarded to you immediately

Thanks and God bless

www.bravoprojecthelp.com has one of the best researched project material in all areas of academics discipline.

Bravoprojecthelp.com mainly serves as a guide by providing material which can aid your research work. We do not encourage any form of plagiarism or the paper produced herein for cheating.

…..some related project topics and materials.