THE ROLE OF PUBLIC ENTERPRISE IN ECONOMIC DEVELOPMENT OF NIGERIA
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The study focuses on the role of public enterprises in economic development in Nigeria. The study sought to ascertain the role of public enterprises in improving the standard of living in Nigeria, to determine the nature of the relationship between Public enterprises and employment generation, to ascertain challenges encounter by public enterprises in contributing to national development .The study had a population size of 200 from Anambra Broad casting service (ABS), out of which a sample size of 133 was realized using Taro Yamane’s formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection was primarily questionnaire and interview.
1.1 BACKGROUND OF THE STUDY
Public enterprise until independence the Nigerian economy was economically and practically dominated by imperialists Nigerians has since after independence assumed responsibility of higher level of economic development, Adegun (2007) public enterprise in a political and administrations structures allowing different conditions between organized interest group competing for excess employment and subsidies.
The Anambra Broad casting service (ABS) Fm, ABS and ABS TV, the ABS Awka started off in 1960, at Enugu as the (ENBC) or Eastern Nigeria.
Broadcasting co- operation, which was later, renamed the (ECBS) or Eastern Nigeria Broadcasting service as of 1971 after the civil war, it has the staff strength of about 400 staff.
With sub segment political changes, the ABS and ATV were merged in 1985, under re-organizational exercise which resulted to the ABS again Enugu and was backed by the then government edit no. 6 of 1985 and later by the edit no. 4 of 1987 as a corporate establishment under the ministry of information with specified scheme of service and the conditions of service for staff regulate was and welfare. Anambra Broadcasting corporation, while the ENTA was renamed NTA, Nigeria Television Authority, as of under the execution councils conclusion of 1976.
Considerably, the enormous responsibility place on public enterprises and the low performance that has characterized their administration, it becomes incumbent on government to re-fours and re – position these acting station to make them result oriented, effectively and profitability.
1.2 STATEMENT OF THE PROBLEM
The problem of public enterprise is a log in the wheel of growth of the economy. Its field that encompasses a lot of management activities aimed at efficient utilizes of non-method and money with a view to achieve the desired goals.
However, a visit to any of these public enterprise as referred to information provides, it gives a clear picture of ineffective in some cases.
It has been evidently shown that ABS have failed to achieve the goals underlying their establishment. This is because they are bedeviled with the abysmal performance of ABS could be attributed to the following:-
Office Accommodation which possess greater problems as the headquarters at Awka and the major studio are yet to be concluded planned by the Anambra State Government.
Politics interference according to Mbanefo (1985). It is the fact that political leaders of the country interfere even in the day to day activities of the corporation, and this is not healthy for the growth, development of ABS.
Lack of sound management techniques:
ABS is not managed through modern management techniques, these techniques include, planning; working study, quantity control, project management and painlessness of public enterprise have consequently led to the high mortality rate of the enterprise.
It is therefore the researcher’s aspirations to examine these problems highlight the extent that would help to reduce the problem.
1.3 OBJECTIVES OF THE STUDY
This study is designed to identify the constraints of the public enterprise in advising its objectives towards the economic growth and development of Nigeria, as well as such problem militating against its effective and efficient operation with reference to Anambra Broadcasting service (ABS) Awka.
- To find out the problems hindering the effectiveness and efficient performances of public enterprise.
- To know financing of Anambra Broadcasting Service (ABS) and public enterprise in general.
- To find out whether public enterprise have helped in solving the problem of unemployment in Nigeria.
- To proffer solution to the existing problem and recommend ways of improving the performance of public enterprises of Nigeria.
1.4 RESEARCH HYPOTHESIS
The following preposition have been identified
H0: The Anambra Broadcasting Service has not contributed positively to the economic development of Nigeria.
H1: The Anambra Broadcasting Service has positively contributed to economic development of Nigeria.
H0: Sectional interests have not prompts the inefficiency and ineffectiveness in Anambra Broadcasting service.
H2: Sectional interest here prompts the inefficiency and ineffectiveness in Anambra Broadcasting service.
1.5 SIGNIFICANCE OF THE STUDY
The relevance of the study is on, the contribution of Nigerian economy, Anambra Broadcasting, this study which digs out the basis for public enterprise as agent of national development. To the best knowledge of the researcher following existing literatures, the role of Anambra Broadcasting service is either moribund or obsolete, and this confronting the research study through its findings. The role of public enterprise to the area of projecting information and service could not bring about efficiency and effectiveness in service delivery, hence, a study of this nature that attempts to draw a line to its effects in economic development in Nigeria, a study which has contribution to learning, improve and advanced knowledge is very significant.
1.6 SCOPE AND LIMITATION OF THE STUDY
The study was limited to an examination of the public enterprise as an agent of national development; it studies the role, functions ad incongruous changes in management as leadings to inefficiency and lack of product and better working conditions for staff of the enterprise. In the cause of the study, the researcher encounters some limitations which limited the scope of the study;
Time constraint: The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.
Inadequate Materials: Scarcity of material is also another hindrance. The researcher finds it difficult to long hands in several required material which could contribute immensely to the success of this research work.
Financial constraint: Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
1.7 DEFINITION OF TERMS
In the course of this research work, the research made use of certain terms, which in the eyes of a “layman” may appear strange. In order to advert that situation, the researcher explains the various terms, to facilitate easy understanding of the work and these terms include:-
This composes of two organizations, public enterprises and statutory/public corporations. These two organizations are created to accomplish two basic missions.
- To make profit
- To provide essential services to the people.
External Environment: This refers to these unforeseen problems, situations circumstances etc, which could affect the smooth running of business organization. This circumstance is usually beyond the control of the management as they are determined usually by outside force and factors.
Coruption: This means the alteration of accepted ethnical behavior through bribery, favoritism, nepotism etc. it is also a situation whereby an individual takes advantages of his official position to thwart the accepted norms in order to illegally enrich himself, or his cronies from common or public treasury.
ABS: Anambra Broadcasting Service. (ABS)
Public enterprise: Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.
Economic development: From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
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