PROPOSAL
Government Corporation or parastatals are partly or completely
financed by government. Some of these government funded parastatals
operate in some private fashion. Government presence coming only in the
form of control, directive and subvention. Example mass transit
services of state or local government.
This research proper is on the “problems of financing government
corporation (Tracas as a case study) in carring out this research, I
intend to find out the extent to which commercial bank finance
activities of Tracas, to ascertain the effect of inadequate funding of
the corporations to provide adequate security on the obtaining of loan,
to determine the extent to which the high interest rate charge by
commercial bank affect the loan securing habit of the corporations. In
the literary opinion, I intend elaborate on government participation in
public corporation, the rationale, financial problem of the corporation
and inadequate funding and it impact on corporation. The research
methodology of data collection, presentation analysis and hypothesis
testing will be primary and secondary data and also chi-square method.
It is expected that the finding will help to see the aspect of
commercial funding of other corporation and TRACAS since lack of funding
will militate against the operations of corporation. In the process of
carrying this research, I am expected to face with some problems like
time constraint, financial problem and unavailability of data. But
inspite of this problems I will be able to gather some information which
could solved the problem hampering the growth of the nation through the
effectiveness of the government to Finance Public Corporation.
TABLE OF CONTENTS
Cover page
Title page
Approval page
Dedication
Acknowledgement
Proposal
Table of contents
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Research questions
1.5 Research hypothesis
1.6 Significance of the study
1.7 Scope and limitations of study
CHAPTER TWO
2.0 Review of related literature
2.1 Overview of government corporation finance
2.2 Government participation in public corporation
2.3 Rational of public enterprises
2.4 Problems of public enterprises
2.5 Issue of financing government corporations
2.6 Features of public corporation and their impact on their
policy and financial situation
2.7 Financial problem of public corporation
2.8 Commercial bank financing and interest rate
2.9 Inadequate funding and its impact on corporations
Reference
CHAPTER THREE
RESEARCH DESIGNS AND METHODOLOGY
3.1 Source of data
3.2 Location of data
3.3 Research population
3.4 Description of respondent
3.5 Procedure in collecting data
3.6 Validation of instrument for data collection
3.7 Method of data analysis
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Analysis and interpretation of questionnaire
4.2 Testing of hypothesis
4.3 Statement of hypothesis 1
4.4 Statement of hypothesis 11
4.5 Statement of hypothesis 111
CHAPTER FIVE
FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary of findings
5.2 Recommendations
5.3 References/Bibliography
Appendices
Appendix A - Letter to respondents
Appendix B - Questionnaire
CHAPTER ONE
INTRODUCTION
Public corporation are enterprises, which are partly or wholly owned
by the government, which private enterprises have been unable to take
care of due to lack of adequate capital.
Government have generally started playing a major role in economic
development and in starting large enterprises in public sector. Many
parastatals come into being when it was believed that rapid economic
development required the state to take on the role of an
entrepreneur/should also be know that government involvement in running
public sector help in shaping its economy. Government ownership of
these enterprises is to help improve its social and economic well being
of her people and those amenities that the entrepreneurs cannot provide.
In any organization, there are so many components put together that
make for an effective performance. One of the se components is fund.
The problem that arises is the adequacy of the fund for effective oiling
of the operations of an organisation, throughout its lifetime. Many
organisations which started well at the initial stage have failed by the
wayside die to shortage of available funds.
Public enterprises could be classified into four categories,
according to the degree of government participation in ownership and
intervention in management. We have the governmental departments or
ministries and agencies like INEC, NBTE. Government invested
enterprises where the government held at least 50% of the equity and
appoint management. Subsidiary company of government invested
enterprises which allow the government to invest indirectly through
government invested enterprises and others. And also government back
enterprises where the government hold less than 50% of the stock. In
developing nation there is a general believe that government should own
and control enterprises; and government gave majority control of them
appoint top management.
Over the past decades, the number and variety for public enterprises
in developing country like Nigeria, the overall performance of these
enterprises have been rather disappointing. They have suffered
staggering loss thereby becoming a major drain on national budgets and
the principal sources of heavy external borrowing. They have equally
failed to generate the expected job opportunities. The public
enterprises have been pioneers in strategic and