Funding and Funds Utilization in the Nigerian National Petroleum : Current School News

Funding and Funds Utilization in the Nigerian National Petroleum Corporation (NNPC) Libraries

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Funding and Funds Utilization in the Nigerian National Petroleum Corporation (NNPC) Libraries.

ABSTRACT

The study was carried out to assess the funding and funds utilization in NNPC libraries. The study answered five research questions that were raised. The survey research method was adopted for the conduct of the study, and a questionnaire was used to collect data for the study.

The overall total number of 90 management staff, as well as senior library staff, were drawn as population and use as sample size. The data collected for this research were analyzed by using frequency distribution tables, and simple percentage.

It was discovered that the sources of funding the library are grants from the corporation though it receives donations from other organization it’s in cooperation with. It was also discovered that the libraries utilized their funds in the acquisition of information resources and services.

It was recommended that consistent, timely and adequate funding based on needs of the libraries for its resources should be provided by the corporation and that the library to diversify its sources of revenue generation in order to maximize the income generation by engaging in worthwhile revenue generation activities, like instituting fines for overdue books.

TABLE OF CONTENT

Title page – – – – – – – – – i
Declaration – – – – – – – – – ii
Certification – – – – – – – – – ii
Dedication – – – – – – – – – iv
Acknowledgement – – – – – – – – v
Table of content – – – – – – – – vi
List of tables – – – – – – – – – ix
List of abbreviation – – – – – – – – x
Abstract – – – – – – – – – xi
CHAPTER ONE
INTRODUCTION
1.1 Background of the study – – – – – – 1
1.1.1 Background information on NNPC Libraries – – – 10
1.2 Statement of the problem – – – – – – 11
1.3 Research questions – – – – – – – 12
1.4 Objectives of the study – – – – – – 12
1.5 Significance of the study – – – – – – 12
1.6 Scope of the study – – – – – – – 13
1.7 Limitation – – – – – – – – 14
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.0 Introduction – – – – – – – – 18
2.1 The corporate library – – – – – – 22
2.2 Utilization of funds – – – – – – – 23
2.3 Financial management in corporate libraries – – – 25
2.4 Funds and funding of corporate libraries – – – – 27
2.5 Funding libraries and sources of funds for library services – 30
2.6 Library funds and utilization by corporate libraries – – 31
2.7 Budget and budgeting in corporate libraries – – – 34
2.8 Budget implementation in corporate libraries – – – 38
2.9 Summary of the review – – – – – – 39
Reference – – – – – – – – 42
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction – – – – – – – – 47
3.1 Research method adopted for the study – – – – 47
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.0 Introduction – – – – – – – – 53
4.1 Response rate – – – – – – – 53
4.2 Data presentation – – – – – – – 53
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction – – – – – – – – 70
5.1 Summary of the Study – – – – – – 71
5.2 Summary of the findings – – – – – – 71
5.3 Conclusion – – – – – – – – 73
5.4 Recommendation – – – – – – – 74
Bibliography – – – – – – – – 76
Appendix – – – – – – – – 82

INTRODUCTION

Information aids in the growth and scope of activities of corporate organizations. That is why it is being considered as a vital resource. It is as important as any physical variable in production process.

This is an indisputable fact as it is already evident incorporation such as the Nigerian National Petroleum Corporation (NNPC), where information is considered as not only a component for obtaining acceptable profit levels but also as a resource for product development and for coping with competition.

The need for and value of information to corporate organizations is a fact widely accepted. This is because, the more information is acquired, appraised, organized, preserved and made available on-demand, and the more it is expected to create desirable results.

Thus, due to the nature, role, and importance of information in corporate organizations, libraries are established and funded.

REFERENCES

Adebayo, E. L. (2007) “Library Services Standards implemented in colleges of education in Nigeria.” Pakistan Journal of Social Sciences. 4(2). P. 279-281

Robert (2004) “Budgets and Financial Management in Special Libraries” The bottom line: managing library finances, 18 (4), P. 134-156 Holt, G.E. (2005) Getting beyond the pain: understanding and dealing with declining library funding’, The bottom line: managing library finances, 18 (4), pi 85-90

Library of Michigan Financial Management Reference Guide (2010) “Introduction to Library Fund Accounting” Retrieved from www.treas.state.mi.us on 2/06/2010

Marshall, J. (1993) The Impact of the Special Library on Corporate Decision Making, Special Libraries Association: Washington.

Oyelude, A. A. (2008). Budgeting for Library Technical Services in an Electronic Age, Library Philosophy and Practice, 19(2), p 6 – 23

Umar B D (2010) Assessment of Information literacy of academics in Ahmadu Bello University, Unpublished MLS Thesis, Department of Library and Information science, Ahmadu Bello University.

CSN Team.

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