ABSTRACT
This research embarked upon to gain in sight into growth of indigenous firms in
Nigerian. This is specifically an attempt to investigate the impact of
indigenous firms around other the objectives are not only to acquaint equitable
growth for indigenous firms but also to check the problems and prospects and to
equally high right its relevance around indigenous firms. Review of
related literature and theoretical framework also is arranged in a logical
sequence for the propose of this study, data was gathered from Primary and
Secondary sources, his data was analyzed using simple percentage and chi square
the researcher also found out that the growth of indigenous firms also affects
the scope – economic. It is clear to note that indigenous firms have
created impact on the country economic through export promotion financial
institution and industrialization development strategies. Finally, the
summary of findings conclusions and recommendations were not left our are
expected to service as basis for future researchers.
TABLE OF CONTENT
1.0 CHAPTER
ONE INTRODUCTION
1.1
General Background of the subject matter
1.2
Problem Associated with the subject matter
1.3
Problem’s that the study will be concerned with
1.4
The important of studying the area
1.5
Definition of important terms
1.6 Reference
CHAPTER TWO
2
Literature Review
2.1
The origin of the subject Area
2.2
School of thought writing the subject Area
2.3
The school of thought relevant to the problem of the study.
2.4
Different methods of studying the problem
2.5
Summary
2.6
References
CHAPTER THREE
3
Conclusion
3.1
Data Presentation High lights of the study
3.2
Analysis of the data
3.3
Recommendation
3.4
Conclusion
3.5
References.
CHAPTER ONE
INTRODUCTION
1.1
GENERAL BACK GROUND TO THE SUBJECT MATTER
One of the major economic backwardness of the most third world countries like
Nigerian is the over prolonged sojourn of private foreign investment in them
the predatory, exploitative orientation and activities of foreign monopoly
capital, it inherent tendency to resist and hamper local industrialization and
to perpetuate mercantile capitalism and its determination and deliberate
efforts to retard the growth of indigenous entire partnership all this have
heavily influenced Nigeria economic history for well over a country.
This foreign dominance of commercial activities in Nigeria was made possible by
restrictive practices employed by the established merchant firms. It is
important to note that commercial banking is a major source of credit (capital)
was solely owned and controlled by foreign elements their policies were made to
wards satisfying the needs of foreign enterprise, indigenous enterprisers
merely subjected on the crumbs that fell on the table (Ezeigwe J.O) Nigerian
government in the 1950s operated mainly an open door policy which attempted to
lure foreign investors into the country.
After the civil war, experiences showed that the issue of indigenous
participation in the Nigerian economy once can be re-opened the dubious roles
played by foreign investor at various stages of the civil war and the acute
shortage of essential commodities at the same period and the spiraling
inflationary trend that followed post war reconstruction and reliabitation
programmers had contributed to inform the government that there was the
necessity to allow the indigenes of Nigerian and government a hand in deciding
their economic tune. The government was further persuaded by radical
agitation of the politicians and the masses to do something about their
economic difficulties.
With these presumes and economic difficulties mounting higher and higher, the
government decided to whittle down foreign dominance of the economy. On
23rd February 1972, the Military Government Promulgated the
Nigerian Enterprise Promotion Decree N0 4 of 1977 popularly known as the
indidenisation decree the following were the
objectives.
(a)
To create opportunity for our people
(b)
To raise the proportion of indigenous firms and ownership of the productive
sectors of the economy.
(c)
To maximize local retention of profit.
(d)
To involve more Nigerians in the man dent of and decision making process of
business enterprise all an effort to enhance indigenous growth of Nigerian
Firms.
1.2 PROBLEM
ASSOCIATED WITH THE SUBJECT MATTER
A number of problems
have been identified as being responsible for the backwardness and retardation
in the general growth of Nigerian indigenous firms the persistent set back in
the growth of the indigenous firms have been assumed to center on the
followings inequality of capital, poor technological man power deficiency, mass
illiteracy, management incapability and marketing in competency (National) and
internationally) etc. there are many move that form the core problems of the
growth of our indigenous firms.
It is the intention of the researcher therefore to take a critical examination
of the internal and external factors affecting the growth of our indigenous
firms.
There is a general contention that the rate of growth of our indigenous firms,
especially since the pushing aside of the aliens, has been show. This
statement in the growth of indigenous firms in Nigerian. Problems and
prospects will be misestimated and possible recommendation given as to the
solutions.
1.3 PROBLEM (S) THAT THE
STUDY WILL BE CONCERNED WITH
The prime objective of this research is let the
prospective indigerious entrappers embrace and the acquainted with the problems
and prospects of the growth of indigenous firms with a view to solving those
problems that hamper the economic growth of their firms. This will be
done by the use of data collected to find out.
(a) Whether
private participation in economic actionist especially the indigenouation
decree has been on the increase.
(b) Whether
the economy of Nigeria was bitter managed in the hands of the foreigners than
now that it is managed by Nigerians.
(c) Whether
the existing firms were vial
(d) To
whether the future of Nigerian lies in export or self-reliance.
1.4 THE IMPORTANCE OF
STUDING THE AREA
The researcher will pin point the capital
requirements of the
Growth
initiating factor which at times have been typically beloved to be very
small. Therefore the significance of this study is as follows
(1) To
identify the problems that is being faced by indigenous firms in Nigerian.
(2) To
render possible solutions to the problems for use by the indigenous firms many
in Nigerian.
(3) To
examine the affairs of some public
Establishments and the activities of their officers
In terms of investments, capital formation and
Cost control.
1.5 DEFINITION OF
IMPORTANT TERMS
Monopoly
- Means the sole
right to trade on a particular goods
Or services.
Capital
- This means wealth
or property that can be pleased
to produce more wealth.
Investors
- Means group of
persons or organizations that
Investing a business venture.
Economics
- The production
principles and distribution of
Goods and services and the development of
Wealth.
Inflationary
- This means the
persistent and continuous rise in
Prices and wages caused by an increase in money
Supply and demand for goods and resulting in a
Fall in the value of money.
Firms
- Means business
company or an organization.
Merchant
- Person involve in
trade or commerce.
Sectors
- That parts or
branch of a particular area of activity
Especially of a country’s economy.
Department | Business Administration and Management |
Project ID Code | BAM0159 |
Chapters | 3 Chapters |
No of Pages | 38 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2348039638328 |
Contact Us On | +2347026816414 |
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