THE ROLE AND CONTRIBUTIONS OF INDIGENOUS FIRM TO THE DEVELOPMENT OF NIGERIA ECONOMY: A STUDY OF GLOBACOM NIGERIA LTD
ABSTRACT
ABSTRACT
This study the roles of information and contribution of
indigenous firm of development of Nigerian economy (a case study of Globacom
Nigeria Ltd) tend to understand the importance of innovation in ones land the
vital and paramount roles it plays as an indigenous firm in order to develop
the Nigeria economy the contributions it has made in different form in order to
grow the nation base on it doing that are visible for every one to see, and
confirm how very well it has done as an indigenous firm.
CHAPTER ONE
1.0
INTRODUCTION
Indigenous
firm has from time in memorial being of great importance to every nation be it
capitalist communist or mixed economy like Nigeria.
Going back in
history and in present time countries like the U.S.A China, Switzerland and
other communist states and capitalist states have gained a lot from indigenous
firm. Nigeria
as a country is not an exception. Indigenous firm I can say is the back bone of
any economy because investment benefits the indigenes more because major labour
forces come from the national. The case study of Globacom is a clear example of
the topic of discussion.
The role and
contribution of indigenous firm to the development of Nigerian economy (case
study of Globacom Nigeria Ltd) can not be over emphasized and this research
shall at all cost try to dig out these roles and contribution that the
indigenous firm offers to the development of the Nigerian economy.
1.1
BACKGROUND OF THE STUDY
The background
of this study aim at finding out the roles and contribution of indigenous who
have established organization in the country and if specifically studying Globacom
Nigeria Ltd, one of the telecommunication giant in Africa.
This study
will show us the roles and the contribution of Globacom Nigeria in the country which most
of us do not know.
The study is
aimed at finding out what Globacom have contributed to Nigeria as a country financially,
economically and technologically.
1.2
STATEMENT OF THE PROBLEM
Apart from the
indigenization decree of 1972 and 1977 the Nigeria government has not accorded
the indigenous firms the capacity to operate in large scale. It is a known fact
that the telecommunication sector is capital intensive which means one must
have a broad financial base before going into the sector.
The government
has a lot of work to do in order to reverse the trend.
a. Government should
discourage the idea whereby foreign firms determine the place of the economy by
imposing heavy tax on them.
b. The continued existence of
this trend will cripple the economy because they (foreign firms) makes a lot of
profits in Nigeria and use
if to develop their own economy meanwhile indigenous firms will plunge back
their profit in the Nigeria
economy.
c.
Infact telecommunication firms should be given tax free
period of about ten (10) years as against the usual five (5) years tax holiday.
1.3
OBJECTIVES OF THE STUDY
This study is
aimed at finding out way of increasing the roles and contributions indigenous
firms in the advancement of the Nigeria
economy.
Globacom’s
vantage position as a national icon build on a patriotic platform compels a
commensurate social responsibility profile. Coming in as the second National
Operator (SNO) its zeal in national development finds fulfilment in major areas
of our national life, sports and job creation their foray into sports
sponsorship for instance us predicted on its unifying role. These and more
breeds up the interest to find ways of encouraging indigenous companies
1.4
SIGNIFICANCE OF THE STUDY
This research
work is very significant in that; when an individual or corporate body is
recognized or commended rewound want to do even more.
1. It will contribute to the
body of knowledge
2. It will enable government
to know some of the area which indigenous firm could be assisted.
3. It affords one the
knowledge of what the indigenous firms are doing towards the development of the
economy.
4. It affords the researcher
the knowledge of current affairs in the country particularly the
telecommunication sector.
5. To find out if indigenous
firm can do better towards improving the Nigeria economy.
1.5
RESEARCH QUESTIONS
Scholar’s
researchers, students and the general public wants to ask question of the roles
and contributions of indigenous firms to the development of the Nigerian
economy being one of the world’s developing economy. “These questions need
answers and the quest to answer such question is the primary reason of
embarking on this research work” the researcher therefore presents the
following research questions for this study.
What is the
participatory level of Nigerian in the vast business opportunities in the
telecommunication sector of the economy?
How are these
business financed?
Are there
solutions to these setbacks?
How can these
businesses be assisted?
These and more
are among the various questions of many prospective business participants and
promoters which need to be answered. This project is scared toward answering
these questions.
1.6
SCOPE OF STUDY
This research
study gives Globacon Nigeria
limited corporate head quarter of Maitama Abuja. however this research study would
have covered all the branch of the network provider and /or even sister
companies in the telecommunication industry but due to time and financial
constraint undertakings such work the study
was limited only to the Abuja corporate
head office of Golobacom Nigeria
limited.
1.7
LIMINATION OF THE STUDY
The research
work is intended to cover extensively a detailed analysis of the situation on
the role and contributions of indecorous firm to the development of the Nigeria
economy this study is not doubt quite eventful excision and adventurous however
not devoid of limitation. Obviously any study which is partially or completely
based on field study is quite difficult in Nigeria due to our underdeveloped
nature from the course of Athens the
needed data for the research work a number of problem were encountered such as
high cost of transportation increased cost of situation which turn resulted in
the high cost of this research work apart from the relevant data that were not
easy to come by finance also pose a big threat to the success of this project
work after all said and done I thank God for a safe landing.
1.8
DEFINITION OF TERM
Economy: This is defined as a careful use of money and
resources to avoid waste.
Opportunities: This is defined as a chance or
favourable combination of circumstances.
Inadequacy: This is defined as existing
naturally in a particular country, region or environment.
Firms: This is defined as business partnership, a
commercial company
Companies: This is defined as an association of people for
carrying out a business or commerce.
Nigerians: This is defined as indigenes of Nigeria
Independence: This is defined as the
state of being independent of self governing political unit.
Telecommunication: This is defined as the communication
of information over low distance by telephone radio communication or
communication by able.
Roles: This is defined as function carried out
Contributions: This is defined as the act of
contribution of something.
Equity: This is defined as fairness or a loyal system based
on just as developed into body of resources supplementing the common law.
Production: This is defined as the act of
producing or a thing produced.
Development: This is defined as the process of
growing or developing i.e. a new situation that emerge.
Infrastructure: This is defined as the basic
structure of any system that determines the economic power of a country.
Telephone: This is defined as an instrument for transmitting
speech over a distance by means of electricity.
Telecom: This is short form for telecommunication.
Africa: This is defined as something portioning to Africa or
a notice of Africa.
Business: This
is defined as trade or commercial occupation or profession
Foreign: This is defined as belonging to another country or
introduced from outside a country.
Technology:
This is defined as the systematic application of knowledge to practical task in
industry.
In the course
of this project work my terms are going to be used frequently in order to have
a better understanding of this research work the frequent used of words have
carefully been defined in simplified terms.
CHAPTER TWO
REVIEW OF
RELATED LITERATURE
2.0 INTRODUCTION
Communication infrastructure is important in fact with
electricity they play undeniable crucial role in economic development. A base
infrastructure lankly it has also been with us in Nigeria for over 100 years to
be précised telecommunication stated in Nigeria in 1886 and one may say but on
a faintly foundation this is because the colonial administration then ways
interest in promotion administration functions rather than the socio-economic
developing administration of the country therefore the administration saw the
external connection by public telegraph
service liking Lagos by submarine cable alone the west coast of Africa,
sierra Leone and Gambia into England is a more prominent project.
Consequently, one total number of telephone line in Nigeria
as at independence in 1996 was only 18,724 and this for a population estimated
at about 40 million meaning a tele-density of 0.4 telephones per 1000 people.
During the 1960 the telephone network then consisted of 121
exchanges out which 116 were manual types and only five were automatic
exchanges. And to correct these animates there has been a number of development
plans for expansion and modernization of the telecommunications networks and
service since independence.
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