THE EFFECTS OF GOVERNMENT POLICIES ON PRIVATE BUSINESS [A CASE STUDY OF GLOBAL SOAP AND DETERGENT INDUSTRY ASA-DAM, ROAD, ILORIN]
ABSTRACT
The basic problem to be identified in this study will be to determine global survive and prosper in spite of the operation codition. I will also examine how changes in reserves requirement affect commercial global. It subsequences ammendments its subsequent amendment s constitute the relevant legislation in wide in terms of the regulatory power confers on the global and detergent industry in nigeria. It also enables the global to go through periodic examinations of the books and affairs of the licensed global. Grants the power to query a global for not complying with the provisions of the global decree or for any floating of its directives. The decree also impose penalty for breachers. The actors in the formulation of management are: the federal ministry of global, the federal ministry of national planning which plays an indirect role. The aims and objectives of this study is to examine the effects of management of global on financial instituion with particular emphasis on global soap and detergent industry and investment which is one of the most important surces of funds to the financial institutions. Both primary and secondary data collections techniques will be use in the collection of data in this study. The primary data will be obtained through the means of personal interview from experts in the field while secondary data will be through lecturer, papers, management of Global circulars, journals of other proffesional bodies and other relevant text books will also be used as secondary.
CHAPTER 1
There many theories or how and when government came into an existence the origin of government has over the year generated much controversy. Some people have argued that the constitution of the state or government originated from the will of God. (The fall of man in the Garden of Eden). The force theories where by the strong imposed their willupon the weak, the social contact (by which men consciously established government) the family (the pantriachal or matriarchal model, the class struggle the Marxist explanation and processes of evolution) the government having developed like a living organism etc.
The ideal government is for managing the affairs of the whole society. The society conpase of bourgeoisies, the artisan, the tecnocrats the peasants or the masses. All are in an effort of making the society worthy of living for it citizing.
The government has the power to make law and enforce them with all the mean of collusion it care to employ. This could be upon individuals, clubs or association, companies or industries within its area of jurisdiction.
The set of rules or regulation made by government to control all spheres of the society it governed could be found stated in its policy like government policy, foreign police, education policy and socal policy etc. the position of any government on any matter can easily be acquainted will through the study of its policies.
Generally speaking, government policies are means to set standard of operation procedure. A policy is designed to facilitate strategy implementation and how to counter act tendencies for part of the organization to resit or reject the chosen strategy.
At this juncture therefore this research work aims at bringing to limelight the effect of government policy on private enterprises with much emphasis on global soap and detergent industry Asa-dam area Ilorin Kwara state.
1.2 THE AIMS AND OBJECTIVE OF THE STUDY
The aims and objective of the study are to give detailed information in respect of effect of governmet policy on Global Soap and Detergent Industry Asa Dam Road Ilorin. The study is also to analysis the effort of government policies on the industry and the people. The study is also aimed at bringing forward instrument of government economic policies and their uses.
1.3 DEFINATION OF RELATED CONCEPT
The definition of concept in this section are important for through understanding of this study.
GOVERNMET: Is the agency through which the will of state is formulated expressed and realized. It included the study sum total of the legislature, executive and judiciary bodies in a state.
POLICY: Help to shape the character of the internal work climate are to translate the cooperate philosophy into how things are due how people are treated and what the cooperate achieves and attitude means terms of everyday activities. At knee is a local raw materials used for the production of good at global soap and detergent industry. They substance is source or got from the petroleum product or chemical. These relate policy concept can also be defined in the ways.
A. FISCAL POLICIES: is the used of government revenue and expenditure policy to influence the level of economic activities. Government revenue is the income that accures to the government while expenditure is the form in which the mony is spent. Hence, both the revenue and expenditure are opposite side of the balance sheet called government budget on much occasion government may deliberate through fiscal policies implement budget deficit or surplus in order to influence the level of economic (business) activities. In a case where government inplement budget deficit it is usually done to reduce tax increase government spending and subsidies firms so that more employment demand and money in circulation will increase and this will effect business firm positively (all this is due to curb deflation) on the other hand when government implement budget surplus it is done to increase tax reduce government spending and increase subvention paid by firm so that demand will reduce, employment will reduce money supply in circulation will reduce and this will affect business firm negatively ( all these done to curb inflation)
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