ECONOMIC IMPACT OF INDIGENOUS FURNITURE COMPANIES IN ENUGU STATE A SPECIAL REFERENCE TO AMBROZING FURNITURE NIGERIA LIMITED ENUGU.

0
619

ABSTRACT

Indigenous furniture companies is important not only for its contribution to aggregate output, but also because of its significant role in the provision of employment, the training of apprentice, the linkage of various sectors of the economy, the revenue generation to government and the development of entrepreneurial skills. It is in recognition of the above facts that many countries of the world are being compelled to pursue deliberate policies aimed at establishing and managing as well as investing in small-scale business especially furniture manufacturing companies.
The study investigated the impact of indigenous furniture companies in Enugu. A special reference to Ambrozing furniture Nigeria limited.
To carry out the study, data were collected from both primary and secondary sources. The main data collection instruments is the questionnaire, the technique of questionnaire administration is survey methods.
The data were presented in tables as frequency distribution and analysed with percentage and frequencies.
The chi-square test of the significance was applied in testing.

TABLE OF CONTENT

TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT

CHAPTER ONE: Introduction
Background of the Study
Statement of the problem
Purpose of the Study
Scope of the Study
Research Questions
Significance of the Study
Limitations of the study
Definition of terms
References

CHAPTER TWO: Review of Related Literature
Meaning of indigenous companies
Financing indigenous companies in Enugu
A review of furniture manufacturing companies
Impact of indigenous furniture company in Enugu
Problems of Ambrozing furniture company
Government effort in promoting investment on indigenous companies
References

CHAPTER THREE: Research Design and Methodology
Research Design
Area of the Study
Population of the study
Sample size and sampling procedure/technique
Instrument for data collection
Method of data collection
Method of data analysis

CHAPTER FOUR: Data Presentation and Analysis
Presentation and Analysis of data
Summary of results
References

CHAPTER FIVE: Discussions, Recommendation and Conclusion
Discussion of results/findings
Conclusions
Implication(s) of the research findings
Recommendations
Suggestions for further research
References
Bibliography
Appendices

CHAPTER ONE

1.0 INTRODUCTION

BACKGROUND OF THE STUDY

Advance and developing countries sees indigenous companies as the backbone of any country. Any country whose indigenous companies are neglected is baseless because indigenous companies are the hope of ordinary people. Due to how vital indigenous companies are in any economy, the indigenisation Decree was promulgated to give indigenous companies the impetus to participate more actively in the economic life of any country.
Indigenous companies especially furniture manufacturing companies has played great impact on this economy of this state. Its potential in economic development, the linkage of the various sectors of the economy, the development of entrepreneurial skill, the training of apprentice and provision of goods to which the state can import has been yardstick for assessing the contribution of indigenous firms.
According to Soleye (1988: p.15) states that “indigenous firms is seem as a credit for industrialization and a pre-requisite for rapid economic growth”. On this note government adopted deliberate policies aimed at encouraging the growth and development of indigenous small-scale industries such as the establishment of Nigerian bank for commerce and industry in October, 1973 to finance the process of indigenisation of the economy.
The Ambrozing indigenous furniture Nigeria Limited Enugu is a reputable furniture making establishment which started as a sole proprietorship an later transformed as a limited liability company in 1979 after incorporation.
The Ambrozing furniture company provides such services as setting room equipment, executive beds and chairs, kitchen units and upholstery. The company has contributed positively in the improvement of Enugu economy. For instance in the area of job provision, job training apprentice scheme, participation in workshop and participation in trade fair exhibition.

STATEMENT OF THE PROBLEM
Indigenous companies are seen as the major backbone of any economy through the provision of service which the multinational companies cannot satisfy to the people. Inspite of this, indigenous companies has suffered a lot of set back ranging from poor attitude of people towards indigenous products, insufficient capital etc.
The task to make indigenous companies what it should be requires educating the people on the need to help the government to realize her dreams towards indigenous companies.
The problem of this research work is to understand the impact of Ambrozing furniture Nigeria Limited Enugu in Enugu’ economy and how adequate it is in Enugu.

ECONOMIC IMPACT OF INDIGENOUS FURNITURE COMPANIES IN ENUGU STATE A SPECIAL REFERENCE TO AMBROZING FURNITURE NIGERIA LIMITED ENUGU.