Domestic Macroeconomic Drivers of Industrialization in Nigeria: Status and Prospects from the Manufacturing Sub-Sector (Published)
While most advanced economies are in the process of industrializing their economies, plots by successive governments to transform the economy Nigerian, from a commodity-driven to an industrialized one, has not yielded much fruits despite several industrial policies and reforms. Based on the United Nations/World Bank success yardsticks with theoretical framework rooted on the Prebisch-Singer Hypothesis and the endogenous growth model, this study utilized K-class estimation procedure on Nigeria’s time series between 1990 and 2016. The result obtained indicates that infrastructural development, institutional framework, bank credit,foreign direct investment, electricity, stable exchange rate, low inflation and economic diversification are key drivers of industrialization. The findings also confirm that except the Nigerian economy achieves improved infrastructure delivery and institutional framework as well as stable domestic and currency prices, the efforts towards economic diversification agenda may be counterproductive. It is therefore expedient that Nigeria focuses on building strong macroeconomic fundamental that would accentuate its take-off to industrialization.
Computer Aided Design of Garri Frying Machine (Published)
This research is a compilation of a report on the development of a compact software for the design of an efficient and effective garri frying machine. The authors here made use of a simple and common computer ‘If’ statement. A total of fundamental forty-eight variables were interacted with. A clear and direct flow charge was presented for the running of the programme. The users interface was printed and displayed as presented in the write-up. The summary of the results were tabulated. The algorithms used were basically fundamental and could be reformed, redesigned, manipulated, multiplied and modified before the final manufacturing.
A linguistic analysis of selected antibiotic information leaflets examined the language structures in composing the information of both manufacturing and marketing drug companies in Nigeria. These companies on which their leaflets are studied are Emzor, Jawa, Cika, Transglobe and Taylek. A descriptive design was adopted for the study and the models of Crystal and Davy (1985) and Leech and Short (1981) were used toanalyse the pattern of interlocking grammatical systems, from the smallest units of words and phrases to larger unit of sentences. The study examined and analysed syntactic structures in the formation of linguistic sentences used on the information leaflets, which varied in different sentence types that provide meaningful explanation about the chemical compositions of the produced drugs. Relatively, it determined the sense relations of the connected sentences and the graphological features contained on the leaflets. Conclusively, it was stated that the language used in the construction of sentence is complex in nature due to over use of chemical terms. It was recommended that leaflets should be written in simple sentence devoid of complexity for drug user’s comprehension.
Influence of Customer Relationship on Performance of Manufacturing Firms in Kenya (Published)
The study sought to determine the influence customer relationship practices on organizational performance in the manufacturing firms in Kenya. The target population for the study was the senior staff in supply chain, operations and finance or equivalent managers in the 563 manufacturing organizations listed by Kenya Association of Manufacturers (KAM). The sampling technique was stratified random sampling in based on the 14 sectors as identified by KAM. The study sampled 312 respondents from 104 firms. The study found a positive significant relationship between customer relationship and performance of manufacturing firms in Kenya. Among the aspects of customer relationship that contributed highly to performance of manufacturing firms included exchange of information with customers, ensuring product visibility within the market and incorporating the views of customers in production process. The study recommended the adoption of customer relationship management practices as a way of improving and sustaining performance of organizations.
The Effect Of Supply Chain Integration On Operational Performance: A Study On Chemical And Chemical Product Manufacturing Firms In Ethiopia (Published)
The aim of this research is to empirically examine the effect of supply chain integration on operational performance. In order to address the research objective, a quantitative survey approach is used to collect the relevant data from the target population of the study which includes Chemical and Chemical product manufacturing firms in Ethiopia. A questionnaire was administered to target respondents to collect a primary data for the study. To analyze the data this study applied a descriptive and non parametric statistics including Kendall’s correlation and Kruskal Wallis test to see the significant relationship between hypothesized variables as well as to measure the direction and strength of the relationship. The result from study shows a significant positive effect of supply chain integration construct on the operational performance of firms. However, this research investigation did not found statistically significant evidence on the effect of internal integration on external integrations
Assessing the Relationship between Diversification of Non-Oil Export Product and Economic Growth in Nigeria. (Published)
The study investigates the relationship between diversification of non-oil export products and economic growth in Nigeria from 1981 and 2014. The study examines the significant role of non-oil export product on real economic growth which the previous studies might have ignored and the aggregate non-oil exports product data used by them might bias their conclusions. In achieving the objectives of the study, Ordinary Least Square Methods involving Error correction mechanism, co-integration, over-parametization and parsimonious were adopted. Johansen Co integration test reveals that the variables are cointegrated which confirms the existence of long-run equilibrium relationship between the variables. Thus, this suggests that all the variables tend to move together in the long run. The study reveals that the there is significant relationship between diversification of non-oil export and economic growth in Nigeria during the period. This was evident in the study that the policies on non-oil products during the period in Nigerian do not sufficiently encourage non-oil export, thus reduce their contributions to growth. This is because the study reveals that agricultural and manufacturing components of non-oil export has positive and significant relationship with economic growth while solid minerals components has negative and insignificant relationship with economic growth in Nigeria. This study therefore recommend that government should enforce non-oil export policies towards resuscitating the failing non-oil export industry. The study among other things encourages the government to strengthen the legislative and supervisory framework of the non-oil products in Nigeria and diversify the economy to ensure maximum contributions from all faces of the subsectors to economic growth of Nigeria.
THE IMPACT OF EFFECTIVE CREDIT POLICY ON LIQUIDITY OF MANUFACTURING COMPANIES IN NIGERIA (Published)
This study examines the impact of effective credit policy on liquidity of manufacturing companies in Nigeria. Credit policy from this perspective was viewed from the angle of controlling or regulating credit sales. The study looked into the problems of non-monitoring and the non-review of the credit policy of organizations as a cause of the liquidity problems associated with credit sales. The study centered mainly on the effects of each of the individual components of credit period, the cash discount and the collection period on an organization’s liquidity. Also to ascertained the type of effects that a company’s credit policy has on its liquidity. The study involved a survey of four manufacturing companies which include Unilever Nigeria PLC, Cadbury Nigeria PLC, Nestle Nigeria PLC and Nigerian Bottling Company PLC. The Annual Reports and Accounts of year 2007-2011 of the selected companies as well as a questionnaire were subjected to statistical analysis. Analysis of variance (ANOVA) and regression analysis were used in the hypothesis testing. The study revealed that when a company’s credit policy is favourable, liquidity is at a desirable level. And also, that manufacturing companies do not monitor and review their credit policy regularly and as a result the allowance of cash discounts could not be minimized as much as expected. We therefore recommended that companies should consider their mission, the nature of business and business environment before setting up a credit policy.
Investigation of Factors Affecting the Performance of Manufacturing Workers in Industries in South Eastern States of Nigeria (Published)
This paper investigated factors affecting the performance of manufacturing workers in industries in southern Eastern Nigeria. Experiments were designed to investigate those identified specific factors anticipated that have effect on operators of machines in manufacturing shops; to generate information and data needed in the analyses. Results obtained from the various statistical analyses performed were studied and interpreted. The correlation coefficients of the chosen factors: motivation, Power/Energy, safety, Maintenance, Training, equipment, and Technology were respectively calculated and obtained as: 0.95, 0.70, 0.72, 0.78, 0.95, 0.95 and 0.86; the coefficient of determination, R2 obtained to be 0.948 for overall data, and for each studied factors as: 0.90, 0.49, 0.52, 0.61, 0.91, 0.90 and 0.74 respectively; the variance ratio (VR) is 195.5; and F- value and t – values returned by the SPSS program are greater than the each respective statistical table value at a confidence level of 5%, which indicate good acceptance level. Curves were generated to observe the behavioural patterns of the relationship between manufacturing workers factors effect and their performances. Results obtained show that the identified factors affect the performance of manufacturing workers in the manufacturing industries, with little or no effect of co linearity.