ABSTRACT
The purpose of this research work is
to have a detail effect of government regulation in business.
The case study. The strength
of the N.B.L. staff is about 60 workers with sample of 52 workers, the total of
52 questionnaire were printed and 52 were collected and analyzed in table.
The source of this research work is
from both secondary and primary sources. It was found out that
performance appraisal system can be improved by preventing all forms of bics
nepotism and favoritism and on the other hand encourage justice, fair play and
equity.
Thus it was recommended that modern
equipments and tools should be provided for the staff to carry out their duties
effectively.
TABLE OF CONTENTS
CHAPTER ONE
1.0
Introduction
1.1
Background of the study
1.2
Statement of the study
1.3
Objective of the study
1.4
Research questions
1.5
Hypothesis formulation
1.6
Significance of the study
1.7
Scope of the study
1.8
Limitations
1.9
Definition of terms
CHAPTER TWO
2.0
Literature review
2.1 government regulation
by status
2.2
The price control act
2.3
The Nigerian enterprise promotion decree
2.4
Monetary polices
2.5
Fiscal policies
2.6
Government competition
2.7
History of Nigerian breweries PLC.
CHAPTER THREE
3.0
Research design and methodology
3.1 Research
design
3.2 Area of the
study
3.3 Population of
the study
3.4 Sample and
sampling determination
3.5 Instrument of
data collection
3.6 Validation of
the instrument
3.7 Reliability of
instrument
3.8 Method of data
collection
3.9 Method of data
analysis
CHAPTER FOUR
4.0 Data
presentation and analysis
4.1
Presentation and analysis of data
4.2
Testing of hypothesis
4.3
Summary of results
CHAPTER FIVE
5.0 Discussion,
recommendation and conclusion
5.1
Discussion and results findings
5.2
Conclusion
5.3
Recommendations
5.4
Suggestion for further study
Bibliography
Appendix
CHAPTER
ONE
1.0
INTRODUCTION
1.1 BACKGROUND OF
THE STUDY
In a country with mixed economy such
as Nigeria, both the government and private individual turn the economy
jointly. This means that private individual, groups as well as the three
levels of government are free to establish business enterprises. The
three levels of government low include the local, the state and the Federal
Government, respectively. In this modern world, mixed economy appear to
the most prevalent economic system but what make the difference is the degree
of the mixture.
Therefore, government has some
important roles to play in this type of economy. Based on the importance
of government regulations on business in the country, government regulatory
power on business activities was included in section 16 (1) and (s) of the 1979
federal constitution. In 1984 as well, the former was modified by the
then federal military government. This modification was also included in
section 16 (1) and (3) of 1999 constitution of the federal republic of
Nigeria. And both constitutions specified the following as regards our
national economic activities.
Section 16 (1) states that the state
shall within the context of the ideal and objectives, for which provisions are
made in this constitution, control the national economy in such manner as to be
secure the maximum welfare, freedom and happens of energy citizen on the
basis of social justice and equity of status and opportunity. Without
prejudice to its right to operate or participate in areas of the economy, other
than the major sectors of the economy.
According to sub-section 4 of
section 16, the major section includes activities directly concerned with the
production, distribution and exchange of wealth, or of goods and
services. These major sectors of the economy will be declared from time
to time by a resolution of each house of the National Assembly to be managed
and operated exclusively by the government of the federation.
Without prejudices to its right to
operate or participate in areas of the economy, to manage and operate the major
section of the economy.
Moreover, according to section 16
(3); a body shall be set up by an act of the National Assembly which shall have
power to review from time to time the ownership and control of business
enterprise operating in Nigeria and make recommendation it some and to
administer any law for the regulation of the ownership and control of such
enterprise.
Therefore, it is clear that the role
of government is to protect and represent the interest of the society and the
citizenry in which business operates. It can be further said that
government through regulations protects consumers from abuse, they ensure
efficiency in the use of resources and promote equitable distribution of income.
Government policies are the most
dynamic of all government influence on business in Nigeria. This is due
to instability in Government of Nigeria and has contributed to massive change
in policies affecting the operation of business.
These policies may include monetary
or fiscal policies. Fiscal policies which is a macro-economic tool that
involves the use of government spending and taxes (T) in guiding the nation’s
economy to achieve pre-determined economic good. Monetary policy on the
other hand is the regulation of money and the terms and availability of
credit. Government can regulation of business activities.
Conclusively, government can use
other means such as import duties and tariffs to regulates business in Nigeria,
in order to protect domestic industries and producers against foreign
competition.
1.2
STATEMENT OF PROBLEMS
The influence of government on
business can take so many forms. The study aims to look at the regulation
or government regulation towards Nigeria Breweries Plc Enugu and also suggest
how to increase the company’s efficiency through the regulation.
Government has realized that political independence without economic
independence is meaningless.
The research on government
regulation with particular reference to Nigeria Breweries Plc Enugu has raised
some questions among experts and professionals, which this study has attempted
to address. These include;
- Can government regulation in organization be minimized and for untimely eliminated?
- Can organization exist without regulation?
- Is regulation beneficial or detrimental to organizational goal?
- How can organization efficiency be increased by regulation?
1.3
OBJECTIVES OF THE STUDY
The aim of emery firm such as
Nigeria Breweries Plc is to be efficient in the discharge of its service.
It is through effective and efficient regulation that organizational misconduct
can be avoided.
The overall objective of these
measure will be to ensure the profitability of the organization. This is
addition to the above stated measure, the researcher wants to achieve through
the study the following objectives.
- To find out whether regulation exist in Nigerian Breweries Plc Enugu
- To examine and assess various regulation traceable in the company.
- To identifying whether a specific method of regulation actually exist in Nigerian Breweries Plc Enugu.
- To identify problems if any encountered in regulating in the organization.
- To find out the consequences of regulation in the Nigerian Breweries Plc Enugu (activities).
- To recommend ways organizational efficiency can be increased through regulation.
1.4
RESEARCH QUESTION
- What is really the reason why government regulation will neglected by firms (company)?
- Why is it that companies at time refuse to give assistance to government when they needed it.
1.5
HYPOTHESIS FORMULATION
Based on the study as had been
discussed above, the following hypothesis have been formulated;
Ho: Some government
regulatory measures in business have not adversely affected the growth and
structure of Nigerian Breweries Enugu.
H1: Some government
regulatory measures in business have adversely affected the growth and
structure of Nigerian Breweries Enugu.
H0: Because government
does not always seek the opinion of public in matters pertaining to business,
its regulatory policies have not been very effective.
H1: Because government
always seek the opinion of public in matters that concerns business, its
regulatory measure have been effective.
H0: Nigerian Breweries
Plc may not be forced to sub-optimize research due to increasing government
regulatory measure.
H1: Nigerian Breweries
Plc may be forced to sub-optimize research due to increasing government
regulatory measure.
1.6
SIGNIFICANCE OF THE STUDY
Business had been criticized
seriously due to discriminatory rates and policies. The economic power
had been in the hands of all kind of processing and manufacturing industries
through trusts and corporate merger.
Meanwhile, due to this government in
order to rescue the economy has come up with so many regulatory measures which
are benefiticial to the following people;
- Employers
- Employees
- Consumers etc.
In fact it is because of these, it
becomes necessary to study the effect of government regulation on the
management of Nigerian Breweries Plc Enugu.
1.7
SCOPE OF THE STUDY
The study of this topic the EFFECTS
OF GOVERNMENT REGULATION ON BUSINESS is suppose to include many kinds of
business sector both private and public sector. In order to manage the
topic and carryout the study effectively and effectively the researcher deemed
it fit to restrict the topic to the effects of government regulation on
business and it affects Nigerian Breweries Plc Enugu.
Although, reference will be made on
a general basis because of the dinerse native of business.
1.8
LIMITATION OF THE STUDY
Many factor will act as limitative
to the successful accomplishment of the study: Some of these limitations will
be in area of date collection for the study. Distribution of
questionnaire to the staff of Nigerian Breweries, financial limitation will
also limit the success of the study because the researcher will not be able to
get all the materials necessary for this extensive study. Time factor
will also be a bearer to this study – although these will limit the
researcher’s ability to gather enough. Information for the study but
efforts will be made to minimize these limitations in order to achieve a
reliable result.
1.9
DEFINITION OF TERMS
The following terms or words used in
this study will be defined:
Business: This simply means an economic activity undertaken to produce
goods and or services.
Mixed
Economy: It is a system of economy in which both private individuals
and government jointly run the economic activities of the country.
Fiscal
Policy: It
is a tool or measure which the government used in regulating the economy
through taxes and government spending.
Monetary
Politic: This
is another measure used by the government in order to control the supply of
money and the terms and availability of credit in the nation.
Government: It is an agency designed to administer the affairs of a
state or nation.
Regulation:
This is the system which government
in controlling the economic activities of the nation.
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