CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
The history of globalization dates back to the era of mercantilism in the 19th and 18th centuries (Ogiji and Irem, 2010). The global effect of manufacturing and materials management has been felt on Nigeria business competitive position from the time of the early influences, to the time of independence and establishment of the Central Bank of Nigeria in 1960 till date. In 1946, the Nigerian Breweries Plc was first established in Nigeria (Nigerian Breweries Plc Report, 2011). This was also the year the first Pre-independence colonial development plan was done; it lasted for ten years till 1956. It was fully funded by the British colonial government. Its objective was to co-ordinate and increases the colonies’ production of primary commodities and raw materials essential to the war effort (Shell Annual Report, 2008).
In the 1950s, the techniques of Operations Research which were developed in 1945 during the second war were applied in materials planning aspects of Linear Programming (Taha, 2008). In 1960 which was also the year of Nigeria’s Economic Independence, the Central Bank of Nigeria was established to regulate banking activities in Nigeria which idea has developed since 1891 and the first Commercial Bank namely the Bank of British West Africa was established in 1894 which metamorphosed to the present First Bank of Nigeria. It is the responsibility of the Central Bank of Nigeria to formulate monetary policy and regulate global banking activities in Nigeria (Adekanye, 2008). Between 1962 and 1985 there were four Post Independence Development Plans but unfortunately none of the plans had the objective of getting a global effect of manufacturing and materials management on Nigeria business competitive position…..
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.