AN ASSESSMENT OF THE PUBLIC MANAGEMENT PERFORMANCE OF PUBLIC ENTERPRISE IN NIGERIA (A CASE OF RIVERS STATE TRANSPORT COMPANY)
ABSTRACT
This research study tries to investigate the assessment of the management performance public enterprise in Nigeria, a case study of Rivers state transport company (RSTC). One of the major objective of any government is a stable growth and development of the country through industrialization. One of the means through which this is achieved is by the establishment of public enterprises. Rivers state transport company, being a public enterprise, the researcher has undertaken to investigate how much it has contributed to the general growth and development of Nigeria and also investigate any managerial problems it may have. The research study contains five chapters, chapter one introduction of the topic on assessment of the management performance of public enterprise (a case study of Rivers state transport company) along with the statement of problems, objectives of the study, Chapter two talks about the review of the literature on the topic. Chapter three is about the research methodology. Chapter four talk about analysis and introduction of data. Chapter five contains conclusions followed by recommendation to the management of Rivers state transport company.
CHAPTER ONE
1.0 INTRODUCTION
In many developing economy, the government is the main initiator and promoter of economic development in any nation, especially in Nigeria.
In developing countries, government usually intervene in some areas of the economic in which the private sector cannot perform. According to Abubalor (1986) in order to facilitate and made use of many public enterprises over the year.
It would be recalled however, that in the fifties and sixties, agriculture was the main stay of the Nigeria economy. The early seventies earned for Nigeria loge erude oil revenue at a level that never was anticipated. This new dimension got government involved more with widely diversified investments in areas that spun both the traditional public sector and exclusive private sector business.
As a result of this development in Chide Oil, Agriculture that was the main stay of our economy was later given less attention. Owing to this circumstance, the government investment were sponsored mostly by the oil revenues. The oil boom era (1974-1979) has been described as the golden era for public investment. The government invested in over 30 parastatals and companies within this period. Most of them have been unprofitable some cannot even meet their operating cost and have depended on government subvention for their year management and survival.
Public cooperation in Nigeria have been considered insufficient and wistful. This is because they have viewed it with the profit criterion. Kindleberger (1986) however, think that this is usually not appropriate to use the performance standard of the private sector. They are hoses in deferent colours, the objective of private business is profit, while the government enterprises is service to the society or promotion of general welfare.
Olisa (1985) said that prior to independent and after Nigeria was faced with the problem of attaining her social economic objectives, there was no well destined capitalist class, that could operate the much needed development through their productive and industrializing activities. The civil service at that time was inappropriate for accelerated development and the country was saddened with the problem of running many business. These parastatals are established outside the civil service and this allowed for greater freedom of action quicker decision making which will promote their full efficiency and effectiveness in administering their function to the general well being and welfare of the public. These corporation are managed through government appointment officials who could utilize the profit accruing from their operations in catering for the public interest (Onwudunmi (1970).
(Ugwu:1990) said that in Nigeria, it is very unfortunate that, the government have topic development and this is because the management of these enterprises have constituted the bane of these enterprises most of them failed to meet people’s expectations in terms of provision of goods and services and development in general.
The commercially oriented ones neither makes profits or even sustain themselves. All efforts by successive government yield no positive result despite various commissions of inquiring and review parties. The performance of these enterprises still shorts of people expectation. It is based on this that the researcher finds the need to investigate these problems in Rivers state transport.
1.1 BACKGROUND OF THE STUDY
An assessment of the public performance of public enterprises in Nigeria, a case study of Rivers state transport company covers the production and accessibility of Rivers state companies their functions, objectives and mode of performance.
The Rivers state transport company is a multi national company that operate nation wide in convening people goods and services to the general public through an established law registered in the cooperate affair commission that allow it operation on the state as a legal entity different from the government body, but managed and run by the government appointed officials who also make returned to the government.
1.2 STATEMENT OF THE PROBLEM
It is very important to note that the public enterprise in any economy has important role to play in the rapid socio economic development of the country.
Government owned enterprises and business in Nigeria are established to accelerate the pace of economic development in which government is the major investor. Due to the important roles associated with the major public enterprises in Nigeria, there is need for good management for its efficiency, it is a fact that government spend large sum of money in setting up these enterprises and this looks forward to making profit.
As a result if inefficiency in running the enterprise, federal government have in recent years set up committee which studied the public corporation and parastatals and recommendation of privatization and commercialization of some of these enterprise.
These enterprises performance so poorly than private owned business. Since public enterprises are important in growth of any economy, there is the need to investigate to problems of public enterprises in Nigeria. Also there is need to identify the reason for criticism leveled against them. Despite the enormous investment in public enterprises in Nigeria obviously not getting good value for the money being spend or invested on these public enterprises. This gives the decision to this research on an assessment of the management performance of the public enterprise in Nigeria in Rivers state” using Rivers state transport company as a case study (RSTC).
1.3 OBJECTIVE OF THE STUDY
This study is aimed at an assessment of the management performance of public enterprises in Nigeria in Rivers state with a view to identifying these problems and therefore coming up with solution to them as related to the aforementioned corporation. This study is aims to:
Identifying some of problems of managing facing the public enterprises like inadequate finance, poor management skill infrastructural facilities etc.
Examining the influence of the problems on the corporation in participation and the state as a whole.
Identify if there is an impact of government interference on their performance.
Giving recommendation based on the finding of the study and suggesting suitable ways and strategies of improving the management efficiency of duties.
1.4 RESEARCH QUESTIONS
How can management proficiency be determined in public enterprise?
How effectiveness should the public enterprise in business operation?
Can the government tackle the problems of the management of public enterprise in Nigeria?
Could this problem of public enterprises enable them create employment opportunities in Nigeria?
In what way could the solution of these problem help RSTC to improve in their management performance?
What impact could it create in transportation of good in RSTC production?
1.5 SIGNIFICANCE OF THE STUDY
In third world countries, public enterprise are noted for their inefficiency and waste of resources. To save the situation and injury is needed in this sector of our economy especially at this time of economic difficulties at this rime of our economy facing the country.
The country cannot afford to encourage not entertain any kind of economic waste in our public enterprises since it efficiencies maximized, it will definitely have a positive effect on the improve standard of living of the general public. This is the significance if this is study. It is hoped that the study of the problems of managing in the public enterprise in River state (RSTC) will help management sort some managerial problems so that both workers and organizations will benefit and the public enterprises will achieve more in future.
1.6 SCOPE OF THE STUDY
The study seeks to cover various problems of managing identified in the government owned establishment. Anambra motors manufacturing company. The scope of this study covers what ever problems that will hinder the profitability of this company sustainability and continued growth in the management of public enterprises they have so many opportunities to study and requires series of contacts in their company.
1.7 LIMITATION OF THE STUDY
This is the process that various management facing Anambra motors manufacturing company. Their limitation in term of time involvement from staff of the organization being studies and administrative bottleneck act as impediment to smooth carry out of this work.
1.8 DEFINITION OF TERMS
WARE HOUSE: A warehouse is a commercial building for storage of goods. Warehouse are used by many factories, importers and exporters, wholesale transporters business customers etc, in storing of materials not need at a pot. They are usually large pain building in industries parts of town. They come equipped with docks to load and unload trucks of sometimes are loaded directly from railways airport or supports they also often have cranes and formalities for moving goods.
MARKETING: Is seen as the creative management function, which promotes trade and employment by assessing consumer needs and initiating research and development to meet them. It coordinates the resources of production and distribution of goods and services, determine and direct the nature and scale or the total effort required to sell profitably the maximum production to the ultimate user. And can be seen as the process by which term applied to the craft or making the producers or a product or services with customers, both existing and potential. It provides any direction to someone hoping to market his product or services effectively with that a more modern explanation of what marketing is and what makes it effective marketing is a four step process that begins with analyzing potential users or buyers.
CONSUMER MARKET: The consumer market deals with the last final consumer who buys the product for their own satisfaction personal use or student consumer, you could possible be a member of the market of the consumer market covers a wide.
Enterprise management service: This provides complete life cycle and configuration management of enterprise assets through and integrated for suite, we provide cradle to grave service utilizing a suite of product for standardized repetitive process for procurement the enterprise management service data base provides the resources for continuously assessing and improving customer services.
SALE: Sales or the activity of selling an integral part of commercial activities mastering sales is considered by many as some sort for persuading “art on the contrary” the methodological approach of selling refers to it as a systematic process of repetitive and measurable milestone by which a sales person rate his offering enabling the buyer to visualized how to achieve his good in a economic way. Selling is a practical implementation of marking it often forms a separate grouping in an corporate structure employing a separate specialist operatives known as salesmen.
AN ASSESSMENT OF THE PUBLIC MANAGEMENT PERFORMANCE OF PUBLIC ENTERPRISE IN NIGERIA (A CASE OF RIVERS STATE TRANSPORT COMPANY)