The Role Federal Government in Co-operative Development in Nigeria

THE ROLE OF FEDERAL GOVERNMENT IN CO-OPERATIVE DEVELOPMENT IN NIGERIA.(A CASE STUDY OF ENUGU STATE)

This chapter deals with different views given different views given by different authors on co-operative societies.

According to Benson Nnadozie and Luke Nwana co-operative society is a trading organisation where various entrepreneurs or co-operatives pool their resources together with a view to making profit.  For example, farmers may pool their resources together to and share items of capital equipment that they cannot afford to buy individual. They can as well pool their resources together to purchase essential commodities especially during the period of global inflation. [Read more…]

Ratio Analysis As A Bank Lending Tool

RATIO ANALYSIS AS A BANK LENDING TOOL(A CASE STUDY OF UNION BANK OF NIGERIA, OGUI ROAD, ENUGU)

The Oxford Advanced Learner’s English Dictionary defines lending as “giving temporary of something” lending involves giving something for a period of time on the understanding it or its equivalent will be returned.Lending is an essential function of commercial banking.  It has to do with an extension of loans borrowers.  Through lending, bank management strives to satisfy the legitimate credit needs of the community or credit markets that the bank services or intends to serve. [Read more…]

The Problems of Financing International Trade in Nigeria

The Problems of Financing International Trade in Nigeria

INTERNATIONAL TRADE THEORY

What is the essence of trade? Why do people and countries engage in trade between themselves? Why queue for foreign exchange. The theory formulated as far back  as 1815, is usually conceded with Richards. The theory of comparative cost advantage is one of the oldest and still remains unchanged amongest economic theories. However, English classical economics has developed another theory classical economics has developed another theory, which is based on merchantilism. This was the bare of revolt between Adam Smith and Richards on English classical economics who was an off spring of liberalism and the enlightenment of the general philosophy that stressed the importance of individual and viewed the nation as nothing more than the sum of its inhibitants, for Smith and Richards, the supreme subject of economics was the consumers man laboured and produced in order to consume; and anything that could be consumed is worth labouring for. [Read more…]

The Role of Computers in Management Information System

The Role of Computers in Management Information System

Amazing progress  has been made over the past three decades since computer became commercially available.  Electronic computers were first used for a commercial processing during the early 1050’s and they are based on a technology now referred to as first generation computer.  Technology development occurred at a very fast rate and in the late 1950’s the second generation computer became available, in the early 1960’s technological development were such that a third generation computer came into existence and lastly the fourth generation computer in 1974 (Anderson 1974) p.321. [Read more…]

Public Sector Accounting in Nigeria

Public Sector Accounting in Nigeria

Accounting can be defined as a complex function of collecting, analyzing, recording, summarizing, reporting interpreting the financial transaction of government units.

According to frank wood, (1972) he said that accounting is often said to be the language of business. It used by the business world to describe the transaction entered into by all kind of government parastatals. In any office where money is used as a means of exchange, there is a need to record monetary transaction that took place in the office and this is done so that at any moment a reference could done to the records to find the effect of all transaction. [Read more…]