Private Enterprises and Rural Development in Anambra State : Current School News

Private Enterprises and Rural Development in Anambra State

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Private Enterprises and Rural Development in Anambra State.

ABSTRACT

This work centered on private enterprises and rural development in Anambra state. The objectives include: to ascertain the extent to which private enterprises have contributed to rural development in Anambra state; to find out the challenges facing private enterprises in rural development in Anambra state.

To examine the measures to enhance participation of private enterprises in rural development in Anambra state.It is a survey type of research since it investigated what happened in the researcher’s absence. It is also explanatory in nature; having tried to explain the role played by private enterprises in Anambra state.

In sampling, stratified random sampling technique was applied where the researcher created strata to represent different interests within the population.

Also, purposive sampling was applied in the selection of the respondents, since only those who possessed relevant information could respond well to the researcher’s interview. In the same vein, data was gathered using primary and secondary instruments such as interview, books and journals.

Content analysis was used to analyze the data gathered. Thus, the findings are that: private enterprises in Anambra state have not contributed to rural development through the provision of social infrastructure, though their presence in the rural areas of Anambra state has helped in solving the problem of rural-urban migration.

They have provided employment as in the case of Innoson Nigeria Limited; poor planning, lack of managerial skill and lack of fund are among the challenges facing private enterprises in rural development in Anambra state.

The formation of unions and associations by private enterprises, fair government regulations and cordial relationship between the private enterprises and the rural community are some of the measures that enhance participation of private enterprises in rural development in Anambra state.

Finally, we recommend that: private enterprises should as a form of corporate social responsibilities, provide social amenities that will improve the living standards of the local people.

There is need for sustained collaboration between government and the operators of private sector organizations by providing adequate incentive and the needed enabling environment to stimulate and foster the growth of the private sector organizations in Nigeria.

Rural populace should increase their efforts in patronizing the products and services of private enterprises in the rural area in order to encourage them to serve the rural people  better and expand their ventures and bring development to the rural people.

TABLE OF CONTENTS

Title Page i
Approval Page- ii
Dedication iii
Acknowledgement iv
Table of Contents v

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study 1
2.2 Statement of the Problem 6
1.3 Objectives of the Study 7
1.4 Significance of the Study 8
1.5 Scope and Limitations of the Study 9

CHAPTER TWO: LITERATURE REVIEW

2.1 Literature Review 10
2.1.1 Private Enterprises 10
2.1.1.1 Private Sector Organisations Performance in Nigeria 12
2.1.1.2 Characteristics of Private Enterprises 13
2.1.1.3 Problems of Private Enterprises 15
2.1.1.4 Prospects of Private Sector 18
2.1.2 Rural Development in Nigeria 19
2.1.2.1 Characteristics of a Rural Area 20
2.1.2.2 Principles of Rural Development 22
2.1.2.3 Problems Affecting Rural Development in Nigeria 23
2.1.2.4 Approaches to Rural Development 29
2.1.3 Gap in Literature 32
2.2 Theoretical Framework 33
2.3 Hypotheses 36
2.4 Operationalization of key concepts 36

CHAPTER THREE: BACKGROUND INFORMATION ON THE STUDY AREA

3.1 Research Procedure 38
3.1.1 Research Design 38
3.1.2 Population of the Study 38
3.1.3 Sample and Sampling Technique 38
3.1.4 Methods of Data Connection 39
3.1.5 Test of Validity and Reliability of Instrument 39
3.1.6 Method of Data Analysis 40
3.2 The Study Area 40

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 Data Presentation and Analysis 52
4.2 Findings 65
4.3.1 Discussion 67

CHAPTER FIVE: SUMMARY, RECOMMENDATIONS AND CONCLUSION

5.1 Summary 70
5.2 Recommendations 71
5.3 Conclusion 72
Bibliography

INTRODUCTION

1.1 Background to the Study

In mixed economies like Nigeria, there exist two sectors in the economy. These sectors in spite of the difference in their nomenclature, goals, mission and vision, do work hand in hand to maintain a healthy economy. These sectors include public and private sectors.

The public sector includes all those agencies, organizations, institutions, etc. that are under government management and control. On the other hand, the private sector includes establishments, businesses, agencies, etc that are in the hands of individuals or groups.

In other words, Henry (2012:55) opines that the public sector is composed of governments, government agencies and government corporations. Implicit here is the fact that the public sector is directly under the management and control of government.

The author goes further to maintain that the private sector includes profit-seeking companies. This underlines the fact that the private sector is profit-oriented; everything they do, they do in a bid to make profits on invested income.

Similarly, in the words of Marchetti (2007:6), the rural private sector includes a whole continuum of economic agents, ranging from subsistence or small holder farmers, rural wage- earners, livestock herders, small-scale traders and micro entrepreneurs.

BIBILOGRAPHY

Amah, C.O. (2007). Strategic Innovation and Corporate Performance in Nigeria’s Food and Beverages Industry. Rivers State University of Science and Technology, Port Harcourt.

Ekpo, A. H., & Umoh, O.J. (2008). Overview of the Nigerian Economic Growth & Development. Abuja, Nigeria: CBN Research Units.

Henry, N. (2012). Public Administration and Public Affairs 12th Edition. New Delhi: PHI Learning Private Limited.

Igbo, E. U. M & Anugwom, E. E (2007). Sociology: Basic Concepts and Issues. Revised  Edition. Nsukka: Great AP Express Publishers.

Iwara, E.I. (2007). Industrial Relations in Complex Organization in Nigeria. Ibadan, Nigeria: College Press.

Obi, M. A. O. (2005). Fundamentals of Research Methods and Basic Statistics for the Social Sciences. Onitsha: Abbot Books Ltd.

Stegar, M.B & Roy, R.K (2010), Neoliberalism: A very Short Introduction. New York: Oxford up print.

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