ECONOMIC IMPACT OF INDIGENOUS FURNITURE COMPANIES IN ENUGU STATE A SPECIAL REFERENCE TO AMBROZING FURNITURE NIGERIA LIMITED ENUGU.

ECONOMIC IMPACT OF INDIGENOUS FURNITURE COMPANIES IN ENUGU STATE A SPECIAL REFERENCE TO AMBROZING FURNITURE NIGERIA LIMITED ENUGU

ABSTRACT

Indigenous furniture companies is important not only for its contribution to aggregate output, but also because of its significant role in the provision of employment, the training of apprentice, the linkage of various sectors of the economy, the revenue generation to government and the development of entrepreneurial skills. It is in recognition of the above facts that many countries of the world are being compelled to pursue deliberate policies aimed at establishing and managing as well as investing in small-scale business especially furniture manufacturing companies.

The study investigated the impact of indigenous furniture companies in Enugu. A special reference to Ambrozing furniture Nigeria limited.

To carry out the study, data were collected from both primary and secondary sources. The main data collection instruments is the questionnaire, the technique of questionnaire administration is survey methods.

The data were presented in tables as frequency distribution and analysed with percentage and frequencies.

The chi-square test of the significance was applied in testing.

CHAPTER ONE

1.0       INTRODUCTION

1.1              BACKGROUND OF THE STUDY

Advance and developing countries sees indigenous companies as the backbone of any country. Any country whose indigenous companies are neglected is baseless because indigenous companies are the hope of ordinary people. Due to how vital indigenous companies are in any economy, the indigenisation Decree was promulgated to give indigenous companies the impetus to participate more actively in the economic life of any country.

Indigenous companies especially furniture manufacturing companies has played great impact on this economy of this state. Its potential in economic development, the linkage of the various sectors of the economy, the development of entrepreneurial skill, the training of apprentice and provision of goods to which the state can import has been yardstick for assessing the contribution of indigenous firms.

According to Soleye (1988: p.15) states that “indigenous firms is seem as a credit for industrialization and a pre-requisite for rapid economic growth”. On this note government adopted deliberate policies aimed at encouraging the growth and development of indigenous small-scale industries such as the establishment of Nigerian bank for commerce and industry in October, 1973 to finance the process of indigenisation of the economy.

The Ambrozing indigenous furniture Nigeria Limited Enugu is a reputable furniture making establishment which started as a sole proprietorship an later transformed as a limited liability company in 1979 after incorporation.

The Ambrozing furniture company provides such services as setting room equipment, executive beds and chairs, kitchen units and upholstery. The company has contributed positively in the improvement of Enugu economy. For instance in the area of job provision, job training apprentice scheme, participation in workshop and participation in trade fair exhibition.

1.2              STATEMENT OF THE PROBLEM

Indigenous companies are seen as the major backbone of any economy through the provision of service which the multinational companies cannot satisfy to the people. Inspite of this, indigenous companies has suffered a lot of set back ranging from poor attitude of people towards indigenous products, insufficient capital etc.

The task to make indigenous companies what it should be requires educating the people on the need to help the government to realize her dreams towards indigenous companies.

ECONOMIC IMPACT OF INDIGENOUS FURNITURE COMPANIES IN ENUGU STATE A SPECIAL REFERENCE TO AMBROZING FURNITURE NIGERIA LIMITED ENUGU