Sources And Application Of Funds In A Government Parastatal

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Sources And Application Of Funds In A Government Parastatal


Research proposal is a document that tire to show the direction of the thinking of the researcher to do it., how he/she wants to do it, his source of data, the significance of it to the organization or society at large

It also helps to show the limit to what he/she is doing in term s of creation area techniques to be followed, time frame energy application and material to be employed. From the above description and definitions, research proposal can be referred as a plan that is to be followed in the process of research effort a guiding toward the development of research process and a means of developing a certain the successful completion of the project as well as organ that helps the researcher to maintain a sequential continuity to the various step or section and stage of the work to be done. In treating research proposal, three major sections of the research project are ;-

  1. The introductions
  2. The review of the literature
  3. The research methodology

But this research work will discuss on the topic that says the source and application of fund in a government parastatal in Nigeria, using the institute of management and technology enugu as a case study from (1995-2005). The research methods that will be adopted are,

  1. Primary and secondary source for gathering a lot of data
  2. Graphs
  3. Normal distribution table and regression will also be applied and analyzed

The research work will be benefic to the government of Nigeria and the institute of management and technology Enugu in reviewing the source available in I M T and where this fund goes to or managed in

the institute. The significance of this study is to consider the present poor performance that institute is faced with and they include the constant face off between the management and trade unions respect of regular payment of salaries, lack of promotion to staff that are due to be promoted inability to maintain their fixed assets like building, motor vehicles, furniture and fitting etc inability to settle their other numerous overhead costs and absence of new structure to replace the dilapidated once. All these problems I have mentioned gave raise to find out the cause of this problems and a way to solve them.

This research topic will also help to ascertain the extent the lack of steady source of funds had made (I.M.T ) scale down its work force, how made difficult it was to (I.M.T ) to put –up new class room blocks in relation to number of students government discontinued funding to (I.M.T ) financial stability to find out why staff are not been promoted as at when due and the extent the institute maintain their fixed assists

Also in order to achieve this issues, problems, effectiveness of source and application of funds in government parental in our country the significance of the this topic have to be stated and that is to educate b/e fund sourced in the most appropriate manner, to know other ways or avenues of raising funds, to reduced the friction between the management and the trade union in term of regular payment of salaries and promotions

In conclusion, this research work will be a source of inspiration for it adds to researcher academic advancement

Chapter One

1.0 Introduction

1.1 Background Of The Study

Organization both profit and non- profit oriented need funds (financial assets) for their numerous operations. That is why all organizations irrespective of their legal forms, device a means their day- to –day operations. The funds sourced are not normally kept idle by the organization rather they are either being re invested to generate future profit or consumed immediately to achieve the origination day to day goals hence the word “ source and application of funds” in accounting profession

Source and application of funds simply means the various avenues available to an organization thought which it source it’s financial assets and all the outlet through which the sourced financial assets leaves the coffers of the organization

In recent past, government pareastalal which institute of management and technology is one, depended revenue grants in forms of subvention for few existence and growth, in this era of privatization, the government has decided to shade off it’s financial responsibilities in almost government paratatal so as to concentrate in it’s constitutional role of providing enabling environment for economic activities to thrive. This scenario has left many government paratatal in total financial drought

For instance, the immediate lost years in the which institute of management and technology has been a hectic one as financial starvation meted to it by the government has left the which institute with the following identifiably problems;-

  1. Constant face off between management and trade union in respect regular payment of salaries
  2. Lack of promotion to staff that are due to be promoted
  3. Inability to maintain their fixed assets such as
    1. Building
    2. Motor vehicle
    3. Furniture and fittings
    4. Inability to settle their other numerous over heard costs
    5. Absence of non structures to replace the dilapidated once etc

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