General Management
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Item Economics of Small Scale Industries: A look at Programmes for the Growth and Development of Small Scale Industries in Nigeria(2010) Bachama, Y.N.Governments in most developing countries have recognized that small scale industries play an important role in the acceleration of growth and development in their economies. As a developing country, Nigeria is not an exception.Nigeria attempted several programmes, such as National Economic Reconstruction funds,Industrial layouts and Establishment of Nigerian bank for Commerce and Industry,etc., to improve the production and growth of this vital sector during the colonial era as well as after the independence at 1960; however some of these programmes succeeded in bringing little changes, while others are unsuccessful. The objective of this study is to assess the viability of programmes and proffer solutions that could bring about changes in this vital sector. Secondary data such as government publications and corporation?s annual reports as well as interviews conducted with officials and managers were collected and statistical techniques are used for analysis. The study reveals that small scale industries have not seriously impacted on the areas of large scale immediate employment, development of indigenous industrial sector, production of highly specialized goods and filling in cracks between large industries in the economy. It is observed that unless concrete steps are taking in identifying the problems, then the country will continue to chase shadows.Item Regulatory Efforts in Preventing Banking Crisis The Role of the Depositor(2011) Bachama, Y.N.Bank failures occur when a bank is unable to meet its obligation to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. An Industry?s regulatory framework can have a major impact on the efficiency and direction in which the Industry evolves. Regulation is all encompassing in that all key players must be taken into consideration, and most play their roles effectively for regulation to succeed. Unfortunately, depositors? roles in preventing banking failures have been neglected, such that depositors play little or no role to complement the Central Bank in this regards. The purpose of the study is to find out why depositors could play insignificant roles in preventing bank failures. Questionnaires were administered in Kelaniya, Kiribathgoda and Kadawatha on bank depositors and the result showed that 87 percent of depositors who are graduates never care to know the activities of their banks, and thus, could not in any way influence the activities of their banks. The mere fact of depositor?s knowledge of banks activities is itself a check on how banks undertake their activities. Therefore, the information disclosure and customer awareness campaign must be undertaken by the Central Bank of Sri Lanka and the other banks to aggressively encourage depositors to develop interest in the activities of their banks, and will in turn, supervise the banks. Keywords: Bank, Central bank Depositors, Failures; Insolvent, Regulation