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The Social Economic Implication Of Privatization Of Government Parastatals In Nigeria
[A CASE STUDY OF NITEL PLC ILORIN]
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1.5 SCOPE OF THE STUDY
The scope of this study means the area of coverage. The areas of coverage of this study are industries scope, geographical scope and time scope.
Industrial Scope: This implies specification of the industry of study. Therefore, the industries scope of this study is African petroleum plc.
Geographical scope: This cover the geographical area in limited to Lagos were Africa petroleum plc is situated the area covered in Lagos are the place where Africa petroleum plc is situated. The result that emaciates in this study be generalized for the whole Africa petroleum Plc.
Time scope: This cover the periodic depth of the research, this is time scope of this study is three (3). Thos research work was carried out between the year 2008-2010.
1.6 LIMITATION OF THE STUDY
During the course of carrying out this research work, some difficulty were encountered and solution were found to them. Some of these difficulties are: -
A. Financial constraint
B. Time constraint
C. Respondent Constraint
Financial Constraint: The researcher is still depending on parents. This made is difficult for the researchers to set enough money for the project, but this was solved by getting money from parent, uncles, friends etc.
Time Constraint: The researcher has so many programme that he carried along with the project. Among these is lecturer. The available time was shared among lecture, project and report writing. This was solved by allocating extra day for carry out the research. Friday, Saturday during holiday and lecture free days. These days were used to carry out fieldwork.
Respondent Attitude: The attitude of respondents towards giving information was not encouraging. They believed that information released may sold out to other competitor even used against them in term of taxation. Questionnaires distributed to some respondents are not returned. The superior officer does not allow the researcher to fain access to some vital information needed for the project but the problem was solved by convincing them that the researcher work is purely academic and has not hidden agendas. The superior officers were persuaded and they eventually gave the researcher the need information. After much persuasion, many questionnaires were returned and they are enough for the research work.
1.7 DEFINITION OF TERMS
The following terms are define to ease the understanding and a good comprehension of this research project:
Government Agencies: Is an administrative unit of government “the central intelligence government agency.
Companies: Is an executive agency of the department of business innovation and skills.
Mismanagement: Is the managing ineffectively in competently, carelessly and wrongly.
Commercialization: Is a stage in product development process where the decision to order full scale production and launch is made
Ownership: It ultimate and exclusive right conferred by a lawful claim or title and subject to certain restrictions to enjoy, occupy, process, rent, sell, use, give away, or even destroy an item of property.
Management Planning: Is a basis management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.
Implication: Is the same thing implied or suggested as naturally to be inferred or understood.
Parastatals: Is a government owned corporation state owned enterprises and government business enterprise.
Share: Is a unit of ownership interest in a corporation or financial asset.
Performance: Is the accomplishment of a given task measured against present known standards of accuracy, completeness, cost and speed.
Deregulation: Is the reduction or elimination of government power in a particular industry, usually enacted to create more competition
Rationalization: Is a reorganization of a company in order to increase its efficiency.
Diversification: Is a portfolio strategy designed to reduce exposure to risk by combining a variety of in estimates such as stocks, bonds and real estate which are unlikely to be move in the same direction.
Promulgation: Is the formal act of proclaiming given public notice.
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