FINANCIAL PROBLEMS OF NIGERIAN BREAD INDUSTRY
ABSTRACT
This research work was aimed at list for creating ideas on how to amend Financial Problems of Nigerian Bread Industry. Using freedom bakery Enugu-examined the commitment of the bakery service and better advice in the appropriate of the quality of financial service to be used so as to increase the financial sector of the freedom backery industry.
- Other objectives are to determine how this financial service quality helps to generate patronage for the bakery.
- To determine how reliable is the financial service system of the bakery.
- And determine how long is taking freedom bakery in it’s term of financial problem to still produce it’s product.
- To achieve this, directly related literature was reviewed.
Also questionnaires were distributed to both the management and staff of the freedom bakery and their responses as well as to collect data to test the hypotheses for the study.
The population of this study is restricted to the relevant staff / management which is about (100,000) Hundred thousand. The sample size was determined (Three Hundred and Ninety-eight).
In analyzing the research instrument used, chi-square method of statistical analysis were used to analyse and test of hypotheses.
The findings of the study are as follows:
- Payment of salary in freedom bakery has helped in generating patronage to the bakery.
- Raw materials delivery system of the bread industry is reliable.
- The transportation system of freedom is adequate to customers.
Again other findings were made apart from those resulting from hypothesis and they include:
- More than half of the customers that filled the questionnaires administered to them felt that the staff of the industry are not friendly.
- The productivity of industry staff depends not only on the monetary compensation but also on how their efforts are appreciated and enhanced
- Precisely 89.32% of the customers believed the industry has really lived to its promises.
Based on the above findings, the following recommendations were equally made:
- The performance of freedom bread industry can indeed be enhanced if the perceptivity in service delivery is maintained and improved upon.
- The staff of the industry are human and through the industry is trying to have a firm standard in the industry, a lot should be done to ensure that the time staff spend in working does not totally wear them out thereby leaving nothing left in them to improve productivity.
- The policies establishing quality and which is a guide to quality assurance department should be constantly referred to meet up their ever-changing environment of business, technological change and human unpredictable factor.
- The industry should maintained its stand as relates in profitability, performance and quality service delivery, it should leave no stone unturned.
Finally if the above recommendations are strictly adhered to the bakery will definitely always involve on its apex expectations.
CHAPTER ONE
Introduction
1.1 Background Of The Study
The performance of Bread Industries in Nigeria has been viewed by many from, different perceptivity. Assets, quality and managerial efficiency have been seen by many as determinants of Bread Industries performance, while a reasonable percentage of identified capital adequacy, as critical for Bread Industry performance. Other factors have also been seen, as determinants of industry performance like Bread Industry liquidity.
A service is any act or performance that one party can affet to another that is essentially intangibility of a service makes it mandatory that the recipient must hold on to something which he/she will term to be quality so as to encourage patronage and patronage can only be enhanced when the recipient is catisfied with the services resaved. (See love lock 200 − 300)
DAVELOPMENT OF FREEDOM BAKERY INDUSTRY ENUGU − NGWO.
Freedom Bakery Industry was licensed in Enugu − Ngwo in Enugu − State on 20th December 1972 to carry on currently capitalized at N5,000,000 million.
The Industry is firmly believes that getting the right people and the correct operating philosophy as essential in setting a part or bakery in a dready competitive Nigerian bakery industry.
The bakery Industry is a private industry with seven members in its board of directors, headed by Chief Ozokwo Isreal A. as the owner. It has I branch, Enugu State.
The objective / mission of the bakery industry is “TO CREATE A UNIQUE NATIONAL, BAKERY MARKETING BUSSINESS FOCUSED ON PROVIDING CREATIVE SOLUTIONS TO CUSTOMERS BUSINESS PROBLEMS WITH AN ABSOLUTE COMMITMENT IN QUALITY”. The bakery also has a vision and it is “A SOLD BAKERY INDUSTRY WITH EFFECTIVE PRESENCE IS IN NIGERIA − ENUGU STATE.
The Bakery Industry has objectives and they geared towards developing a good working relationship based real understanding of the need of the clients through efficient and responsive customer service.
The services offered include:-
- Sales and Supply.
- Supermarkets.
- Caterers.
- Public Relationship.
- Supply of Labour.
- Industrial Materials.
- Poultry.
- Farm and Crops Promotion.
1.2 Statement Of The Problem:
This research work is designed to identify Financial Problem of bread industry in Nigeria, using freedom bakery Enugu − Ngwo as a case study.
1.3 Objectives Of The Study
- Basically to find out whether payment of salary is one of the financial problem.
- To find out if raw materials constitute into financial problem.
- To find out whether N.E.P.A. power is one of the financial problems.
- To find out if fuel contribute into financial problem.
- To find out if transport is one of the financial problem.
- To find out if transport is one of the financial problem.
- To find out if taxes are constituent of financial problem.
1.4 Research Hypotheses.
- Ho: Transport cost is < Personal cost in bakery industry.
Hi: Transport cost is not less than personal cost in bakery industry. - Ho: The profit made in a bakery is constituent profit.
Hi: The Profit made in a bakery is not constituent profit.
1.5 Significance Of The Study.
The need for this study arose as a result of the increasing rate of financial problems in Nigerian bakery which seem to be threatening the very existence of the bakery industry with consequent implications to the economy.
An effective and efficient bakery system free in financial problem signifies a viable economy. Foreign and domestic investors are encouraged to diversity their investment portfolio this in-turn leads to industrial bakery expansion, reduction in unemployment and inflation, restores public and general, social and economic growth.
Given thiese scenario, there is need to empirically establish the free in financial problem in bakery: nature, implications and effect on the Nigeria economy and the survival of the bakery industry generally.
1.6 Scope Of The Study
The study is restricted to freedom Bread Industry main branch office at Ngwo, Enugu State.
The reason for this is because of the bakery industry system of service which allows for a singular focus of the bakery industry within a given territory to achieve the set objectives of the industry.
1.7 Definition Of Terms.
Financial problem:
In financial difficulties in short of money.
Bakery:
Place where bread is baked for many people.
Industry:
Branch of (Trade or manufacture contrasted with distribution and commerce).
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Financial Problems of Nigerian Bread Industry can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Financial Problems of Nigerian Bread Industry" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Financial Problems of Nigerian Bread Industry" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Design and Implementation of an Airline Seat Reservations and Ticketing System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Airline reservation and ticketing in a commercial airline company is a project work aimed at creating a system that will enable traveler’s book their flight by making reservations. As the world is turning into a global village with almost every aspect of human endavour getting computerized, the aviation industries management is looking forward to making available their flight reservations online. This project research involves the design and implementation of an airline reservations aimed at overcoming the undesirable problem associated with the manual system. Here, we design a computer program that will __ Replace the existing manual system. __Enable travelers to make flight reservation In this project, the implementation of the computerized system will be carried out using Php-Mysql. …
Can this topic “The Appraisal of Multi-National Contribution of Community Development” be used for Business Administration and Management (BAM) Project?
Yes it can be utilized for research — Multinational Corporation is now globally accepted business firms which have adopted various cultures and take responsibility for her host community socially. The appraisal of multinational corporation to the contribution of community development became necessary to evaluate the extend of exploration carried out by multinational corporations in Nigeria. A review of related literature was carried out to give the study. The required theoretical background, available statistics from the natural population commission indicate that Eket community have an estimate of one thousand six hundred and ten people (101,610) and the sample size is made up of hundred respondents (100),the method employed in collecting data was the questionnaire. (4) Four hypotheses were formulated and tested for the study using simple percentage (%) statistical …
Is the topic “The Incidence of Cholera Among Children” recommended for Biology Project?
Yes it is highly recommended — Cholera is an epidemic prone diseases that causes watery diarrhea, lives naturally in brackish-fresh water, without quick response or untreated, may lead to dehydration and possible human deaths. The study was carried out to determine the Incidence of Cholera among Children. In achieving this aim, the following specific objectives were laid out to identify the problems associated with the prevention of cholera in Benin City and ascertain if cholera outbreak is usually rampant during the rainy season among children in Benin City. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Seven (7) research questions were formulated and questionnaires were administered to one hundred and fifty (150) …
Can the material for “Risk Analysis and Facility Management in Commercial Banks” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — This research topic is on risk analysis and financial management in commercial banks, the case study being an Islamic bank, Islamic banks are well known for interest free banking, as a result of this interest free banking, most Islamic banks resort to asset lending or business financing. This project aims to assess the type of risks that affect Islamic banks, types of facilities available to their customers, the type of risks associated with each facility, mitigation techniques or processes associated with them and the differences between their conventional counterparts. Content analysis between books of the case study and another conventional bank (zenith bank) was used and a comparative analysis was done between these two banks to determine the type of …
Can the material for “The Impact of Risk Management in Financial Institutions” be used as a guide for Accountancy / Accounting Project?
Yes it can be used — Customers of the banks expect their bankers to provide them with loans and advances to make up any short fall in their funds requirement for transactional motive. This project is sub-divided into five chapters, which focuses on risk management in Nigeria Banking Sector. Questionnaires were distributed to collect the relevant information from the respondents, percentage and chi-square method were employed and hypotheses testing was carried out, it was discovered that there is risk in the bank sector which enabled the researcher to conclude that there is risk in bank lending and because the rules of lending are not often followed when granting credit facilities to their customers. It was however recommended that there is need to employ more competent staff …
Can the material for “The Impact of ICT on the Nigerian Economic Growth and Development” be used as a guide for Computer Science Education Project?
Yes it can be used — The study analyzed the Impact of ICT on the Nigerian Economic Growth and Development. In achieving this aim, the following specific objectives were laid out to examine the impact of ICT on the Nigerian economic growth and development and determine the factor limiting the use of ICT in all sectors of the Nigerian economy. In Nigeria, provision of public infrastructure is grossly inadequate and poor. Necessary telecommunication services, as public infrastructure, needed for meaningful investment are lacking and, where found, are very costly. Tele-density in Nigeria is still very low. The introduction of the GSM in Nigeria was to expand the teledensity in the country and to make telephone services cheaper and accessible to the common person as it had …
Can the material for “An Analysis of External Debt and Economic Growth in Nigeria 1992-2004” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — External borrowing is a source through which many countries source revenue for development and economic growth of their countries. But this revenue can only help solve the problems of gross under − development when judiciously utilized. The burden of Nigeria’s external debt is more than the country can bear and the state of economic growth in the country is hampered due to debt crisis. The debt problem facing Nigeria is concerned on how to stop incurring more debts and device a way of servicing the existing debt without causing some distortions in the economy. For effective and efficient debt servicing, factors that hiders it has to be taken care of i.e. domestic financing policies, debt management and external economic environment. External debt affects …
Is the topic “The Role of the Central Bank of Nigeria in the Development of Money Market” recommended for Accountancy / Accounting Project?
Yes it is highly recommended — This research work will take a look at the role of the central Bank of Nigeria in the development of money market. It will also cover the constraints the bank faces in implementing the government programmes. The role of Central Bank of Nigeria in developing the Nigeria economy cannot be over stressed. The central bank being the bankers’ bank and lender to last resort is mirror that reflects the nation’s economy. The research made use of primary data through a field survey of the staff of account department of CBN. The oral interviews, however was aimed to further obtain same details which are not ascertainable through the questionnaire. The researcher reached on books and documents made available to them by …
Is the topic “Civil Servant Indiscipline and Its Effect on Work Productivity” recommended for Political Science Project?
Yes it is highly recommended — The study is to investigate the Effect of Civil Servant Indiscipline on Work Productivity. In achieving this aim, the following specific objectives were laid out to examine the level of indiscipline among civil servants in Nigeria, investigate the causes of indiscipline among civil servant and find the effects of indiscipline on the productivity of civil servants. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 80 (eighty) respondents were selected for this study to represent the entire population of the study. For null hypotheses were formulated and tested using the one-way ANOVA and the t-test statistical tools at zero point zero five (0.05) level …
Is the topic “Impact of Environment on English Performance of Students in Warri-South Local Government Area in Delta state” recommended for Education Project?
Yes it is highly recommended — The study explores the Impact of Environment on English Performance of Students in Warri-south Local Government Area in Delta State. In achieving this aim, the following specific objectives were laid out to examine the environmental factors affect students’ performance in English, its prospects and problems faced by students, identify factors that affect effective teaching and learning of the English language in the secondary schools in Warri-south Local Government Area in Delta State, and examine the role English language plays towards the government as it is being used for the purpose of government and administration, as documentation of government records; administrative instruction and minutes, legislation; court records and proceedings. The research design used in this report is descriptive design, utilizing questionnaire …