1.1 BACKGROUND OF THE STUDY
The key features of the world economy
since the 1980’s are the world trade. This has introduced serious
competition threads in the domestics and export market of developing
Industries output are the goods produced
by industries for the consumption of individual’s organizations
government and the entire population. Output of any country can be an
input another country therefore; the finished product of any industry
depends on the level of that country’s technology advancement.
The trade liberalization in the
industrial output means to facilitate and aids the production of goods
by eliminating / minimizing restrictive control on such either r
political or morally.
Industries need to be free political
pressures and conducted solely in the live of product finance, due to
the difference of the existing trade regime. Industrial export remain
insufflating in Nigeria and the country has consisting been unable to
take advantage of the opportunities afford by such schemes as the ECOWAS
trade liberalized programme.
West Africa Milk Company plc, was incorporated on the 17th April 1977 as a private company to manufacture, process and distribute various milk products in Nigeria.
In 1978 the company became a public
company under the second schedule of 1978 decree in compliance with the
Nigeria enterprise promotion decree of the said year from that moment,
the Nigeria share holding was in creased to 60% out of the 40% balance
36.67% was held.
However the WAMCO office has also improved environment (i.e thus well and glitter ring window).
I also observed that the staff of the
Nigeria chinning services limited were recently contracted for round the
clock chewing of WAMCO office and they have made a difference by
hinging the professional touch to chewing the conductive visitor might
even enquire for food production.
A very imagination visitor might even enquire at these observations that WEMCO is truly a company for the future.
The problems clearly he much close to home and probably include and in appropriate trade regime.
1.2 PURPOSE OF THE STUDY
The purpose of the project work is to highlight to the means of policies that guide trade within and outside the country.
THE TECHNICAL PARTNER
West Africa Milk plc. Technically
partner is the corporative Company Friesland (FRIESLAND) in Holland. It
is one of the foremost, daily most beginning at its inception in 1931 to
a corporative with farmers membership of 14,000.
For the consumer market friesland offer a
tailor made range of products including sweetened milk, body and infant
food and chocolate.
PEAK WEARS A NEW LOOK
Peak instant procedure milk, which now
corves with an attractive package has a new addition to the range, the
latest addition to the range, the latest as at year is 10g sachet. The
newly improved peak instant milk new contain 38 vitamine and mineral and
very glass of milk assures you of adequate nutrient necessary for
healthy living and development.
All package (180g 400g sachet) have the inscription “control 28 minerals and vitamins”
The peak brand has always been unique in
every way and this new trade as the induction of 28 vitamins and
minerals has been landed by many professional and health exports across
the nation. Mr. Jan Bless the commercial manager explained that the
trade has been improved upon to become better attraction.
According to him the 400g Sachet new
come as a standing pouch while a new addition the 180g pack has been
added to the peak range.
1.3 STATEMENT OF THE PROBLEM
The main of this project work is to find
the impact of trade policy i.e Trade Policy let us know the policies
that guide trade within and outside e.g quotes excise duties, tariffs
etc. i.e exporting and importing. On the output of goods in Nigeria. Its
objectives are stated below:
- To find reason why the government of nation control price of its
industrial output. The pricing measures price a measures of marketing
programme. It reflects how will the marketing manager has done well no
business decision is a critical from both an economical and social stand
point as price.
- To consider whether to give power of monopoly to the existing and
prospective industries to operate and conduct on product finance.
- To consider whether the government should remove its policy on trade e.g trade policy on import and exports tariffs etc.
- To encourage government to make available the developed manpower and technology so as to speed the trade of the economy.
The Corporative Company Friesland
Holland (i.e Friesland) and the remaining 3.33% was held provision
meunller and company limited Manchester, United Kingdom a subsidiary of
The Nigeria 60% equity shareholding
institutional shareholder than the company is the only one producing
evaporated work in the country went into production on the 25th of August, 1975 when the Rainbow Brand of evaporated milk was produced Rainbow as a brand name was later dropped for “Peak”.
The company factory occupies 8.312 acres
of land at Ogba industrial scheme Ikeja. At inception the company had
an installed production capacity of 1.2 million controls of 98 x 170
grame evaporated to 2.5 million in 1982.
The management are much aware of the
nation wide demand for their products as such to ensure that the product
reach customer the organization maintains a high efficient network of
Appointed distributions spread over the state of the federation including individual and marketing forms.
Realizing the vital role human resources
plays in the success of any company the company undertone continuous
formal and informal training for their staff both locally and
international from time to time support which would be adopted by the
company to enhance sales of the product and expatiated upon by the
marketing manager in person Dr. Ify Urahhe said that bill board as are
being strategically located that the media would be extensively employed
to communicates the attributes and benefits of the newly improved pack
milk to the consumers.
The pack evaporated milk for export is produced in LEEVE WARDEN.
1.4 OBJECTIVE OF STUDY
The objective of this project is to examine the effect of trade liberalization on industrial output in Nigeria.
1.5 DELIMITATION AND LIMITATION OF THE STUDY
The scope of this project work is
limited to the industrial sector of the economy their freedom from
Government policies and to operate work is limited to the little
information gathered from text books, journals periodical papers, the
topic has limited researchable resources and has taken a lot of time and
efforts to collect the available information.