A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA


A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA

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A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA
A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA

ABSTRACT

 

            The success of any enterprise depends cargely on the effectiveness of its human resources in their work.  The need for apprcising the problems and propects of timber Business in Enugu state is apparent.  This project therefore is a research on timber business in Enugu state.  The problems encountered in timber business is a Kin to any other business and the prospects of the timber business is encouraging.  This is because virtually all the things we produce today entails the use of wood.

 

            This work intends to expose the funda mental problems in the timber business and to enable the timber dealers to solve their problems more expenthy lots of finding has been made about the subject matter which includes causes of problem in the business and how better they can be economically manned on completion of this project.  it was recommended that if government can create more financial aid to the timber dealers and Sawers association to improve in their production facilities and also government should put into consideration those policies affecting the timber business with these, the future of timber business with these, the future of timber business in Enugu would be brighter. To achieve this, the timber dealers should be given opportunity to practice marketing in a wider range so as to enhance their career prospects.

 

            The work is arranged in five chapters.  Chapter one introduction, chapter two, review of related literature, chapter three research design and methodology chapter four data presentation and analysis, chapter five discussion, recommendation and conclusion.

 

TABLE OF CONTENTS

 

CHAPTER ONE

 

Introduction                                                                          

 

1.1              Background of the study                                           

 

1.2              Statement of the problem                                                     

 

1.3              Purpose of the study                                                 

 

1.4              Scope of the study                                                                

 

1.5              Research hypothesis                                      

 

1.6              Significance of the study                                                      

 

1.7              Limitations of the study                                                                   

 

1.8              Definition of terms                           

 

Reference                                                                              

 

CHAPTER TWO

 

Literature Review                                                     

 

2.1              Review of related literature                          

 

2.2              Meaning and needs for timber business                    

 

2.3              Techniques for identifying timber                            

 

2.4              Scope of timber business in Nig.                              

 

2.5              Identification of timber business                              

 

2.6              The process of timber business                                             

 

References                                                                                        

 

CHAPTER THREE

 

Research Design and Methodology                          

 

3.1              Research design                                                                    

 

3.2              Scope of the study                                                     

 

3.3              Population of the study                                            

 

3.4              Sample and sampling procedure                               

 

3.5              Instruments for data collection                                             

 

3.6              Validation of the instrument                                     

 

3.7              Reliability of the instrument                                      

 

3.8              Method of data collection                

 

3.9              Method of data analysis                                           

 

References                                                                                         

 

CHAPTER FOUR

 

Data Presentation and Analysis                                            

 

4.1              Presentation and analysis of data                             

 

4.2              Testing of hypothesis                                    

 

4.3              Summary of results                                                   

 

References                                                                            

 

CHAPTER FIVE

 

Discussions, Recommendation & Conclusion                      

 

5.1              Discussions of results / findings                                           

 

5.2              Conclusion                                                                

 

5.3              Implication of the research findings                          

 

5.4              Recommendation                                                      

 

5.5              Suggestions for further research                                           

 

References                                                                             

 

Appendix I                                                                            

 

Appendix ii                                                                           

 

Bibliography                                                                          

 

CHAPTER ONE

 

INTRODUCTION

 

1.1              BACKGROUND OF THE STUDY

 

The twentieth century industrial revelation experience brought along with it technological developments and the expansion of business organization.  As the need for individuals continued to increase, business continued satisfy the increasing needs.

 

Before Nigeria gained her independence, impact substitution was existing then as a means of industrializing our economy.

 

Based on that our economy is purely based on production of agricultural products this aspect makes the economy to be the sole producer of agricultural inputs which fluctuates seasonally.

 

Coupled with the fact that we are developing, many business organization spranly up in the economy,  many individuals want into industialisation to shape the future of our economy.  To mention somefew industries, which includes the timber industry, textile industry, automobile industry.

 

Because of the problem suffered by developing countries like Nigeria, these industries fale different constrain and problems to date.  The timber business has been in existence ever before the birth of Nigeria but for years the classic image of timber business has been regarded as a mere local business run by lliterates and people of lower class in the society.  However the timber business deals mainly with woods of all kinds, like opepe, obeche, Nagzonia, machogang, tick, Abora etc.

 

These various kinds of woods serve as the main resources on which timber business based.  It is an indispensable business in the country because of the services it is kndering to the stimulation of the economy is like other business encounters problems which could be social or economical in nature.

 

Inspite of these problem encountered in the timber business, it has remained the parrot through which our economy is revitalizing today.  This  is seen in the roles performed by woods in our modern day life.  Today, timber business is among the prime enterprises which is contributing to the economic growth and help in alleviating some of the societal problems by providing technological products that enhance human welfare like television magazines (papers) modera day furniture’s to mention a few are produced from wood processing.

 

1.2              STATEMENT OF THE PROBLEM

 

Timber business in Enugu today is faced with a lot of problems that like their counter parts in other states of Nigeria.  These problems go a coming way to negate its growth and development in the country and there by limiting its potential contributions to the development of the economy.  Among such problems are general lack of funds by proprietors of the business and difficulty in raising it due to limited capital.  Thus money to keep the business going and expanding are irrefragably a magohandicap there is lack of managerial acumen due to the proprietors limited education and training.  A long side of this, it is lack of technological know how. Although there are many of these timber business in existence today, their impact in terms of the ever charily industrialization of the country is still for fetched. They still operate with in the limit of indigenous market research.

 

The dealers are confused by what is happening to their traditional markets in this fast moving commercial world.  The dynamics of the business environment still look to them like a day dream. They are unable to conduct market survey, dwersity their potential target markets and so on.

 

Above all, the timber business is faced with problems arising from government fiscal and monetary policies.  In recent years, the tax climate and the governments business policies have placed serous restraints on the owners and the opportunities available to them.

 

1.3              PURPOSE OF THE STUDY

 

In view of the fact enumerated above the objectives of the study is to examine the problems confronting the timber business. To see to what extent they affect Enugu timber dealers and sawers association in its operations and its possible contribution to the economy. Based on the problems identified by the write, necessary suggestions and recommendation will be offered, which if implemented will help the association to solve most of it not all the problems, besides the recommendations will hopefully be of great help to new aspirants into the business and other business entrepreneur to make their business unique.

 

 

 

1.4              SCOPE OF THE STUDY

 

This study might have included research in several other tourns in Nigeria like Ibadan, Bendel, Enugu, Aba etc but due to the constraints involved in research work, the researcher could not go beyond kenyatan.  The scope of the study is based on timber business in Enugu state.  The problems and prospects and it covers only Enugu Timber Dealers and Sawers association.

 

1.5              RESEARCH HYPOTHESIS

 

This study intends to test the following hypothesis

 

HO:           To a large extent Natural disaster has no affects on the supply of logs in the timber business.

 

H1:            Natural disaster effect  the supply of logs in the timber business.

 

Ho:            The risk incurred in the business has no effect on the timber business.

 

H1:            The risk incurred in the timber business has greatly affected the growth of timber business.

 

Ho:      Government policies has not in any way affected the development of timber business.

 

H1:      Government policies has to a great extent impeded the development of timber business.

 

1.6              SIGNIFICANCE OF THE STUDY

 

The study is aimed at exposing the proprietors of timber business to dangers in their business things that they failed people in the past and things that one should avoid to be successful in the field of the business as it affects timber business.

 

            The study hopes to prepare students who may want to go into entre prenueral ventures to explore the timber business to be precise, this study will enable the proprietors in timber business to do things on their own way.  It does not mean that you must be successful at the end of it all but definitely it will help improve your chances of succeeding.

 

            The study indicates to timber business dealers how to avoid some of the mistakes in initiating, organization and operating a small scale timber business that has been economically fatal to others, therefore enabling them to achieve the optimum benefits from the limited economic and human resources available to them.

 

1.7              DEFINITION OF TERMS

 

Development:-            a gradual process of growth or the way one exploits

 

resources.

 

Innovation;-                To make something new

 

Timber :-                      Supply of wood for building and growing trees

 

Wood:             substance of which the trunics and branches of trees are

 

made e.g furnitures, papers etc.

 

Dealer:             Person in a stated types of business.

 

Technology:-   this is the state or act of ding things in the society

 

Efficiency:-                 This is the economic

 

Market:-                      this is the anena for potential exchange.

A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA

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The success of any enterprise depends cargely on the effectiveness of its human resources in their work. The need for apprcising the problems and propects of timber Business in Enugu state is apparent. This project therefore is a research on timber business in Enugu state. The problems encountered in timber business is a Kin to any other business and the prospects of the timber business is encouraging. This is because virtually all the things we produce today entails the use of wood. This work intends to expose the funda mental problems in the timber business and to enable the timber dealers to solve their problems more expenthy lots of finding has been made about the subject matter which includes causes of problem in the business and how better they can be economically manned on completion of this project. it was recommended that if government can create more financial aid to the timber dealers and Sawers association to improve in their production facilities and also government should put into consideration those policies affecting the timber business with these, the future of timber business with these, the future of timber business in Enugu would be brighter. To achieve this, the timber dealers should be given opportunity to practice marketing in a wider range so as to enhance their career prospects. The work is arranged in five chapters. Chapter one introduction, chapter two, review of related literature, chapter three research desig.. accounting project topics

A CRITICAL STUDY OF THE PROBLEM AND PROSPECTS OF TIMBER BUSINESS IN ENUGU STATE. A CASE STUDY OF ENUGU TIMBER DEALERS AND SAWERS ASSOCIATION KENYATA

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