The purpose of this study is to the effect of uncontrollable
importation of indigenous industries with particular reference to Nigeria
Due to the unprecedented growth in manufacturing and
Merchandising industries over the fears, inventory has been accorded the save
cost of those industries. It therefore follows that in trying to hold the
industries in those manufacturing organization, the level of these should be
adequately and properly controlled with the view to minimizing costs.
Hence, in conducting research, the researcher made use of oral
interview and questionnaire she also reviewed other related literatures
necessary to provide the required date for study. The data collected for the
study were analysed in tables using chi-squares.
The findings were that through the management lives as much as the can, there
are lapses in inventory control system also on the valuation of stock, the
researcher found out that the company uses the first-in-first-out (FIFO)method
of stock valuation in valuing her stock.
This is because of inherent benefits in its and commanded by the
SAS, /AS and SSAP.
Based on findings, we have recommended among other things that the
local source of raw materials should be made to suppl7y the firm when required.
1.1 General background to the subject matter
1.2 Problems associated with the subject matter
1.3 Problems that the study will be concerned
1.4 Importance of studying the area
1.5 Definition of important terms
2.1 The origin of subject are
2.2 School of thoughts within the subject area
2.3 The school of relevant to the problem of study
2.4 Different methods of studying the problem
3.2 Data analysis
1.1 GENERAL BACKGROUND TO THE SUBJECT MATTER
The president of manufacturing association of Nigeria, Rufus Giwa
(200.p16) define industry thus:
“Industry, particularly, manufacturization is the motive
force for development. Infact, industrialization is more than engine of growth.
It is also the catalyst for technological, financial and socio-economical
Trade, and more specifically foreign trade have astronomically
been instrumental in man’s bids towards betterment of his lifer on earth.
Today, we can enjoy and make use of automobile made in far away
Japan as if they grow in air gradens. Other articles which we can’t dream
of producing even in the next millennium liters our markets as if they were
going out of fashion. All these are courtesy of foreign trade and broadly
on one of its two-pronged division. “Importation”. A very important
concept is but like a two-edge sword, it can destroy if not carefully handled.
A study on how foreign products crowd our market, and how our
local industries are nose-division into oblivion show that we are already
receiving a fair does of rough handing under the sharp claws of this excessive
“The Nigeria trade Journal” of March/April 1980, analyzing
our trade statistics put the total of Beer and stout importation at
N7,562,135. people shouted and rose dust over it that it is excessive, but what
have we to say today that people 200m off from the country Just to import tooth
picks and toilet tissues?
The millions of graduates that our academic institutions turn out
annually have their fate hanging over the balance. With hands supporting their
checks , and all hope on divine intervention they helplessly watch as our few
industries fold up in their hundreds.
Retrenchment and counter retrenchment of workers have become so
common as the few cresting ones battle to break even and remain in
contention. Consequently, unemployment and poor standard of living can’t be
An it idle man they said is the devils tool coupling with the fact
that both ends must meet, arm-robbery, fraud, bribery, corruption and other
social vices exert domination. Hence our country can’t help wining the
inglorious “most corrupt country” award in the year 2000.
Our surving industries virtually are at the end of their letter
judging from the lamentable figures they post in their annual report as profit
after exuberant tax from a government that don’t spare their selves a through
about their welfare instead of re-investment or expansion, the little
token that will succeed in dropping into their counter went into
unreasonable advisement which they see as their last resort to remain in
contention in the ever growing competitive market.
These and many more have been the plight of our indigenous
industries consequently upon excessive importation. This work try to look into
the effect of this practice and how to curtail its excessive. It will make a
steep further to put forward, measures towards remaining the vandalized state
of our indigenous industry.
PROBLEM ASSOCIATED WITH THE SUBJECT MATTER
The subject matter is that which have a hamper of problems under
it care: below are some of the them.
i. DPERSSION AND DUMPING:
With more and more goods from broad
finding their ways undisturbed and unrestrained into the country,
compiling with the locally
made ones, a situation where supply will exceed
demand will emerge. And not only will our wobbled economy
and ingenious industries suffer a great
depression, but also the nation will be turned into in dumping ground.
ii. EXCESSIVE COMPETITION:
Our weak industries became so much of the
market share from day to day fell to these foreign goods. and to fight
back in their own effeminate
way in order to still remain in contention, our indigenous industries resort to
aggressive promotion which drain
their meager income and adversely effect their level of operation.
With a generous portion of the market under
of these foreign goods, and depression the lot of our indigenous industries,
mass retrenchment of workers becomes inevitable.
Our graduates will then, day in an day out
continue parading the streets with their files in search of
work that never exist.
FOLDING UP/EXTINCTION: The heart
breaking stage of it all is that
after so many years of
struggling with their Herculean foreign opponent, majority
of these indigenous industries inevitably and up kissing the
dust of bankruptcy and liquidation.
v. BLEAK FUTURES FOR INDUSTRIALIZATION:
The subject matter even posed a sinister signal
to our country’s dream towards
economy. Judging this, who will wish to invest in the
industrial sector while the government will just
told their hands and
watch as weaver bird in and out of the country’s boundary? How will the
dream be realized while the meager number of
industry already in
keep on dwindling geometrically? With such a situation, the
dream of the nation toward this end will end up as a more mirage, and
our country will
perpetually remain a dependent and parasitic country
foreigners will for eternity rely on as a fertile ground for
marketing their war.
PROBLEM THAT THE STUDY WILL BE CONCERNED WITH
i. The study
will occupy itself with how to systematically x-ray the rate of
harms that will be the lot of out country and their
industries with he continuous imperialism of this study practice under
ii. To identify
the magnitude of damage which our indigenous industries
have bee subjected to, due to excessive
iii. To inculcate in the
mind of our country men the need for them to have
faith in our local products and pipe-low at the
rate by which they scramble over foreign goods.
iv. To ensure that the
excessive importation of goods are controlled.
IMPORTANCE OF STUDYING THE AREA.
inspiration and zeal of writing this project work was drawn from the
alarming rate of importation, and our country’s obsession for
goods which our local industries are at the receiving end of.
ii. This study
will facilitate in no small measure the drastic reduction of not
completely, the fearful rate of importation in the country and the much
inclination of the people of our dear
country to foreign goods.
iii. The problem of
unemployment , with the increment in the operational
level of our industries will be
curbed. Retrenchment workers will have smiles
and our graduates will have their ambition of contributing their
the development of our country fulfilled. With such a
development more industries will be
established people will have more places to invest, standard of living will be
enhanced, and our poor economy will be rejuvenated.
DEFINITION OF IMPORTANT TERMS
Before we delve deeper into this study, let us try to illuminate
some terms and words that will keep on occurring in the course of this study.
Is the act of brining or causing any goods to be brought into a country’s
territory. It can also be seen as a branch of foreign trade which deals on
procurement of goods into a country. This goods is question under normal
circumstance suppose to be under the import quota’s stipulation and
actual requirement of the country.
EXCESSIVE OR UNCONTROLABLE IMPORTATION:
Importation can be said to be uncontrollable or excessive when the import quota
as stipulated by the government are being violated or not adhered to .it can
also mean when emphasis on importation is not strongly laid on what a country
actually can’t produce or their basic necessities.
This is quantitative for a specific produce during a given period.
refer to the coming together of firms producing similar goods or are engaged in
the same line of operation.
It can be said to involved the transformation of materials from
original states to new forms.
Also it may refer to a group of firms producing different of a
This is an economic mind of an organization involved in definite production
This can be said to be synonymous with technology. And technology refer to
those tool and machine use in the production of both capital and consumer goods.
TERMS AND CONDITIONS APPLY
For more informations on project materials and more