Management Of Public Funds In Industries (A

Case Study Of Life Breweries Limited Aba)

TABLE OF CONTENT

TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT

CHAPTER ONE
INTRODUCTION
1.1

BACKGROUND OF THE STUDY

1.2

STATEMENTS OF THE PROBLEM

1.3

OBJECTIVES OF THE STUDY

1.4

SIGNIFICANCE OF THE STUDY

1.5

HYPOTHESIS

1.6

SCOPE AND LIMITATION OF THE STUDY

CHAPTER TWO
2.1

REVIEW OF THE NIGERIAN ECONOMY

1982 - 1989

2.2

INDUSTRIALIZATION IN NIGERIA

2.3

LIFE INDUSTRY, A BIG BOOST TO

NIGERIANS ECONOMIC RECOVERY

2.4

FINANCIAL MANAGERS IN THE

MANAGEMENT OF PUBLIC FUNDS

2.5

INDUSTRIAL SOLVENCY IN A
DEVASTATED ECONOMY

CHAPTER THREE
1.1

RESEARCH DESIGN AND METHODOLOGY

1.2

SOURCES OF DATA

1.3

SAMPLE USED

1.4

METHOD OF INVESTIGATION

1.5

METHOD OF ANALYSIS

CHAPTER FOUR
4.1

DATA PRESENTATION AND ANALYSIS

AND INTERPRETATION

4.2

TEST OF HYPOTHESIS

4.3

SURVIVAL STRATEGIES OF NIGERIAN

CHAPTER FIVE
5.1

SUMMARY OF FINDINGS

5.2

RECOMMENDATIONS

5.3

CONCLUSION

CHAPTER ONE
INTRODUCTION
1.1

BACKGROUND OF THE STUDY

In the past financial management was concerned
with the raising of funds whenever the need arises and
much attention was not paid to the uses of the funds
so raised.

But in recent times there had been a

change.
The emphasis shifted from financing to the managerial
financial problem from only raising of funds to efficient
and effective use of funds.
As a result of this widening in scope of financial
managers and others entrusted with the management
have equally increased.

It is no longer the issue of

providing funds but its provision in good time for the

right length of time and its correct use or application.

In light of this, it is necessary to investigate how

these financial mangers are achieving this having
known that public funds are often times misconceived
by some people as no body.

Funds and as a result

should not be cared for.

The researchers choice of the industry for this
study is mainly because of this believe that life bear
posses the major feature, of any typical industry
financed with the public funds in Nigeria.
These features include the acquisition of funds
from

investors

over

time

its

investment,

the

expectation of returns by the firms on investment over

time and the periodical distribution of these return to
the investors (share holders) in the form of dividend.
In

view

of

these

special

feature,

the

researcher

believes that it is a good representation of the public

establishment in Nigeria and as such suits the purpose
of this study.

A case study of Nigeria Life Breweries

Aba, Abia State will therefore provide a birds eye

views of the industries financial by the public fund in
the country Nigeria.

1.2

STATEMENTS OF THE PROBLEM

In the light of the current economic problems of
Nigeria.

Visa-viz.

the

devastated

economy,

the

financial mangers especially those concerned with the

management of public funds invested in industries are
faced with a lot of problems.

The issue of raising

adequate funds as well as the application of the funds

so raised is no longer an easy one.

These problems

ranges from lack of spare parts, high cost of foreign

exchange of which result in high cost of production
unpredictable and inconsistent Federal Government
Policies (Monetary and Fiscal) Campaign for backward
integration etc.

All

these

had

been

more

prominent

since

the

introduction of SAP.
The above problem had made it possible for these
financial mangers to make effective use of such tools
as

financial

ratios

casting/budgeting

in

accurately

analyzing
mean

and

for

while,

the

managers are expected to see that the companies

remain production and hence make profit for the fund
owners to achieve these, the companies especially the
Life Breweries Industries are now faced with a high
rate of competition.

1.3

OBJECTIVES OF THE STUDY

In view of the background and statement of
problem already discussed this work aims at achieving
the following objective.

1.

To identify the problem and the causes of the already

identified

problems

of

funds

managers

in

those

industries

that

have

survived

there

recession

in

Nigeria.
2.

To evaluate the role being played by the management

of (Life Breweries Industry) public funds in the light of
the current economic problem of the country.

3.

To examine and make recommendation on what other

possible measures that could be adopted in order to
curb these problem or improve on the current state of
affairs.

1.4

SIGNIFICANCE OF THE STUDY

The past and present government of this country
Nigeria, have been trying in their own various ways to
see to the improvement of the economy and the
development of these nation but not much significant
efforts

have

been

made

towards

the

effective

management of the limited resources available to the

nation especially in the area of the public sector and

hence public funds.

1.5

HYPOTHESIS
For the purpose of this research, the research
made the following assumption.

1.

the life breweries is being affected by the present

economic situation

2.

the fund managers of life breweries are not exercising,

prudency in their work

3.

The life breweries is a boost to Nigeria economy

policy.

1.6

SCOPE AND LIMITATION OF THE STUDY

This study covers the management of public funds
that are invested in Nigerian industries.
Considering the wide nature of the topic the
target population the seriousness of the problem and

the tight-time budget available to the researcher it

would have been too cumber some to carry the
research further than the area chosen. The researcher
then limited the study to industry.

Nigeria limited

bearing in mind that it could serve as a representation

of the industries that are financed by the public funds.
There has equally been a serious campaign by the
government

on

the

backward

integration

of

the

industry.
This study will be of immense importance to our
Nigerian leaders (the policy makers) in realizing that
prudent

financial

management

of

public

funds

especially those invested in industries is one of the

most important ways by which the economy could be
revamped.
The study is also intended for financial of all
levels and is hoped that it will contribute to their skills
and knowledge.

It is addressed to administrators decision makers and

other non financial readers in the hope that they will
appreciate

the

management and

damage

done

by

poor

financial

therefore help to improve on the

situation.
This research work will also help the policy
makers (monetary and fiscal) to have an idea of the
advise effect of some policies especially the flexibility
of these policies.
Finally, this research work will

serve as an

addition tot he existing literatures in the areas of

financial management of funds and it will be of help to
future researcher in the field.

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