ABSTRACT
Debt recovery is a major problem in our public Enterprises, most
especially the National Electric power Authority (NEPA). A lot of consumers
ranging from the residential to the industrial/ maximum status, owed billions
of Naria belonging to the authority through the consumption of electricity
supply. The product ‘electricity’ is consumed before payment, so every
electricity consumer is a debtor to the authority until her or she stop using
the potential.
One may ask, can NEPA
ever meet the demand of the present society? What about the increasing nature
of the uncorrectable and bad debts?
We found that majority of the customers do not receive their bills
timely and so could not settle them at the appropriate time. Due to late wills
many resort to copy bills which does not represent the true position of bills
consumers. We also discovered that majority of the consumers have problems of
raise adjustments timely, there were also lack of cash offices, poor customers
services and in-consistence power failure which does not encourage prompt
payment of electricity bills consumed
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
1.1 : Problem
identification
1.2 : Rationale of study
1.3 : Significance of the
study
1.4 : Background of the
study
1.5 : Definition of terms
CHAPTER TWO
LITERATURE REVIEW
2.1 : THEORETICAL REVIEW
2.2 : EMPIRICAL REVIEW
CHAPTER THREE
HYPOTHESIS, METHODOLOGY
OF STUDY, SOURCES OF DATA AND LIMITATIONS OF STUDY
3.1 Hypothesis
3.2 Methodology
3.3 Sources
of study
3.4 Limitations
CHAPTER FOUR
DATA PRESENTATION,
ANALYSIS, DISCUSSION OF THE RESULT
4.1:
Data Presentation
4.2:
Analysis
4.3:
Discussion
CHAPTER FIVE
SUMMARY, CONCLUSION,
RECOMMENDATION
5.1: Summary
5.2:
Conclusion
5.3:
Recommendation
BIBLIOGRAPHY:
APPENDIX
A
APPENDIX
B
CHAPTER ONE
INTRODUCTION
1.1 PROBLEM
IDENTIFICATION
Problems of Debt
recovery occasioned partly by mismanagement, inefficient supervision, poor
revenue amongst others cannot be minimized in our society today cannot
especially as it affects the public enterprises.
According to Udeme
(1996). NEPA has an outstanding debt of about N3. 5b owed by
its prospective consumers. Besides that, the Nigerian Telecommunication PLC to,
has about N5billion yet to the recovered from subscribers nation
wide. This is not too far from the
N 2.8b owed the Nigeria ports PLC and of course;
the Nigeria National shipping line (NNSL) which have already faced liquidation
as a result of poor debt management. This, certainly have contributed to the
non-performance of many public enterprises in Nigeria.
Factors are responsible for the poor debt
recovery experienced in NEPA are:
(1) The
effect of untimely distribution of bills to customers.
(2) The
influence of poor customer services on prompt of electricity bills.
(3) Effect
of time rag on reconciliation of bills on customers.
1.2 RATIONALE
OF STUDY
The main reason of this research is to find out
the problems of Debt recovery in public Enterprises in Nigeria with special
reference to NEPA management that will help item overcome the problem.
1.3 SIGNIFICANCE
OF THE STUDY
A lot of money belonging to the Authority has
been tied down by various consumers throughout the nation. In view of
brokington (1994: 3), we understood that the objective of sales is to
make profit in return, but if the services rendered are not paid for, then the
business cannot function in another circle.
Therefore, identifying the problem of debt recovery through a meaningful
research will improve the revenue status and function of the industry and for
the nation, a better standard of living.
1.4 BACKGROUND
OF THE STUDY
Electricity was said to have started in Lagos in
1886 when two 30-kilowatt generating units were installed to serve the city. As
commercial activities increased there were several extension to almost 16
cities and communities
Oyeyele (1987.7( statis;
“Around 1944. Lagos city undertaking was operated by the public utility
department. But between 1940and 1951 it then come under the Niger man
government electrical undertaking.
Oyeyele further
expressed that, there were other undertaking established and operated by
locally constituted supply authority’s within this period.
On April Ist, 1951, an ordinance known as Electrical corporation of Niger is
(E.C.N) was formed to assume control of the 16 local undertakings then in
existence. In 1962, the corporation constructed a 132KVA interconnection
from I Jona to Ibadan power station and form Ibadan to Orile
and Akure, Benin and Ughelli in the west, Afam and Oji in the East, Kaduna,
Aaria and Kano in the North
According to Oyeyele the first Hydro- electrical power station was constructed
by private Tin mining interest as (Kwali falls) Kaduna river with a capacity of
two megawatts.
Another four megawatts was installed by the Nigeria Electricity supply
corporation limited at (KURA FALLS) Benin River. A major Hydro-electric feature
of about 320 megawatts at 33KV operates from Kanji to Lagos in the West,
Kaduna. In the North, Benin in the Midwest and Aba in the East
These facilities mentioned above provided a single supple network in Nigeria.
But in 1970, the federal Government commissioned shawmout (Canada) under a
financial by Canada international Development Agency (CIDA) to study the
problems of the power supply Agency and make recommended a new Decree No 24,
which created the National Electric Power Authority (NEPA).
But the study of Udom revealed that there was a serious manpower problem
between NDA and power purchased in bulk and sold to the public.
Also Abidun (1984). In his opinion confirmed this:
“But with the amalgamation of the two bodies to
form today’s NEPA market the beginning of its crises”
1.5 DEFINITION
OF TERMS
Definition of terms is
very useful in any research work because it helps to explain the meanings
of the various technical terms implied in the study. Itence the following terms
are defined.
NEPA:
According to Oyeyele (1987:7) the National Electrical power with the
responsibilities and sales of electricity Power Authority is the public
Enterprises charged with the responsibilities and sales of electricity supply
to consumers.
ELECTRICITY:
Electricity is said to the power that is produced by various means carried
usually acres that provide heat, light and cold
KILOWATT HOUR:
This is defined in Abbot (1980:84) as the energy supplied by a rate of working
of 100watts for an hour.
CABLE:
Cable is the length of insulated single or more conductor (s)
ENTERPRISES:
Massie (1992:239) narrowed it to a public or private organisation set up for
charity or profit. Normally, public enterprises are capital intensive hence the
need for the government to control them.
UTILITIES:
There are essential services like NEPA, WATERBOARD, NITEL, AIRWAYS etc. The
words utilities and enterprises can be interchanged. In macsran
(1967:1969:351) it was learnt that in developed countries, most of the public
utilities are controlled by private investors.
ACCOUNT NUMBER:
Account number is the specific number given to a particular consumer for the
purpose of accounting.
BILL:
A bill is a conditional order written by one person to another, signed by the
person concerned requesting the person to whom it is given to pay a certain
amount of money at a particular date.
AUTHORITY:
The word Authority is used to identify the power centered to NEPA as specified
in Decree NO 24 of 1972. The words authority, industry and NEPA will be
interchanged in this work project.
MAXIMUM DEMAND
CONSUMERS:
There are consumers who was the higher limit of electricity supply the industry
consumers are also maximum demand consumers in NEPA
Department | Banking and Finance |
Project ID Code | BFN0105 |
Chapters | 5 Chapters |
No of Pages | 50 pages |
Methodology | Chi Square |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |