Financing Of Government Parastatals (a Case Study Of Power Holdings Plc)

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FINANCING OF GOVERNMENT PARASTATALS

(A CASE STUDY OF POWER HOLDINGS PLC)

ABSTRACT

 

There are always different kinds of goods and services available to the economic units in every economic system which are categorized into private and solid goods.

Private goods are those goods which companies and individual produce and supply for the consumption of people while social goods by their nature in meeting the welfare needs of the economics units are those goods that are produced and supplied by government, social goods or services which the sole responsibility of government to provide include electricity, water, roads, education communication media etc in the various government parastatals and ministries.  This study is purely on the provision of electricity to the citizenry to note that government parastatals are solely owned and funded by government further smooth operations.  Inefficiency in the performance of government parastatals has been attributed to inadequate financing and poor management of the fund by government.  As a result government, government parastatals such as NEPA, NITEL have gone commercial in their operations while others have become privatized.

The main thrust of this study is to research into the financing of National Electric Power Authority (NEPA) being the only generator and supply of electricity in Nigeria as a government parastatal with a view to evaluating its performance based on statutory financial provisions.


TABLE OF CONTENTS

 

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

 

CHAPTER ONE

1.0            Introduction

1.1     Background of the information

1.2            Statement of the problem

1.3            Objectives of the study

1.4            Research questions

1.5            Hypothesis

1.6            Scope, limitation and delimitations of the study

1.7            Chapter arrangement

CHAPTER TWO

2.0            LITERATURE REVIEW

2.1     State involvement in economic activities

2.2            Characteristics of public finance

2.3            Problems of financial management in Nigeria public enterprises

2.4            Financing government parastatals

2.5            Objectives and functions of NEPA

2.6            Analysis of the activities of NEPA since its establishment

2.7            Power generation

2.8            Transmission and transformation

2.9            Distribution

 

CHAPTER THREE

3.0            Research design and methodology

3.1     Area of study

3.2            Population of study

3.3            Sampling methodology

3.4            Sources of data collection

(I)               Primary sources

(II)            Secondary sources

3.5            Location of data

3.6            Treatment of data

3.7            Methods of data analysis

 

CHAPTER FOUR

4.0            Research findings

4.1     Sources of fund available in government parastatals and adequacy

4.2     Policies that guide the employment and training of government

4.3            Various devices used by government to monitor the activities and measures of punishment

4.4            Effective and efficient government decision making policy

 

CHAPTER FIVE

5.0            Summary, recommendation and conclusion

5.1     Summary

5.2            Recommendations

5.3            Conclusion

Bibliography

Questionnaire

 

CHAPTER ONE

 

1.0            INTRODUCTION

1.1     BACKGROUND INFORMATION

          It is an acknowledged fact that in a developing economy, government is always seen as the prime mover of the economy and this situation will remain so far a very long time to come in developing countries.  According to Jaivaharial Wehru of India, the trend of events is to make the state more and more the organizer of constructive industry and not the private capitalist or any other person.

The services provided by public utilities are essential for economic growth and development.

It is obvious that no government can progress very fast without the requisite “social overhead” so called by economic growth theorists.

Basically, the three types of social overhead capital necessary for economic growth which are of great interest to this writer are:

(a)              Effective transportation

(b)             Flexible and reliable power source

(c)              Good communication

These three types of social over head capital are necessary conditions for economic growth the type of economic system not withstanding.

Utility services are just as important in socialist system as in capitalist state.  They are mandatory for a developed nation, under developed nation or emerging or developing nation and equally essential for a geographical region, state or city.

The third factor which is mandatory for economic growth and development is the flexible and power source.  Every economic production depends solely on reliable power and unless this is available, it is impossible to plan and execute production and marketing process.  It is also important for the power sources to be flexible.  It is only possible to change the production process in response to market forces when energy can be added to or subtracted

 

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Financing Of Government Parastatals

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