Browsing by Author "Onibokun, Kehinde Adefiola"

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    Open Access
    Assessment of government policy on the foundry industry in Nigeria
    (Obafemi Awolowo University, 2015) Onibokun, Kehinde Adefiola
    The study examined the awareness of government policy objectives and strategies guiding the foundry industry in Nigeria among stakeholders. It also investigated the extent of their implementation and assessed factors influencing the performance of the industry. This was with a view to designing a policy framework that will improve the performance of the firms in the foundry industry. The respondents were selected purposively from the Southwestern and Southeastern Nigeria. Lagos and Oyo states were selected in the Southwest, while Anambra state was selected in the Southeast. Four sets of questionnaire totaling 245 were designed for the study. The first set was developed for (60) foundry entrepreneurs and their staff, the second set was designed for 25 respondents from the knowledge institutions. The third set was designed for 10 respondents from the implementing agencies, while the fourth set was for 150 consumers of the foundry products. The questionnaire elicited information on the socio-economic characteristics of the respondents, level of awareness of the policy among stakeholders, availability of raw materials, extent of the implementation of the policy and factors influencing the performance of the firms in the industry. Data were analysed using both descriptive and inferential statistics. The result showed that 54.5% of the respondents from knowledge institutions were aware of the government policy guiding the industry while 34.0 and 62.9% of the foundry entrepreneurs and product consumers respectively were also aware of the policy. The study also showed that 16.9, 15.6 and 14.3% of the consumers of the foundry products, foundry entrepreneurs and knowledge institutions respectively were involved in the policy development. In addition, based on a 4-point Likert rating scale, the results showed that the extent of implementation of the policy by the knowledge institutions indicated that manpower development (2.64), creation of investment friendly environment (2.64), and banning exportation of metal scrap (2.60) were the aspects of the policy that had been implemented. Similarly, the foundry firms considered utilisation of locally sourced material (3.25), giving incentives to the foundry firms (3.00) and banning of exportation of metal scraps (3.00) as policy objectives that had been effectively implemented. However, the implementation of other policy objectives such as control of air pollution, waste and emission (2.04), increasing global competitiveness (2.00), reducing tariff on imported foundry raw materials (1.63) and increasing tariff on imported foundry products (1.68) were slightly effective. Furthermore, the results showed that the factors that significantly (F=11.094, p<0.001) influenced the performance of the foundry industry wereerratic power supply (4.00), flooding market with imported foundry products (4.00), difficulty in obtaining local raw materials (3.8), inadequate manpower (3.72), low patronage of local products (3.80). A policy framework was designed and popularization of the policy, provision of adequate infrastructural facilities and financial support services were considered as objectives that will improve performance of the industry. The study concluded that the implementation of the foundry policy was partially effective due to government inconsistency execution and stakeholder’s insufficient awareness of the policy thereby affecting the overall performance of the foundry industry.
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    Open Access
    Evaluation of the Operations and Performance of Small Scale Foundry Enterprises in Lagos State, Nigeria
    (2015-05-12) Onibokun, Kehinde Adefiola
    The study identified the types of small-scale foundries operating in Lagos state, evaluate their operations management and also assess their performances. This was with a view to recommending strategies that would enhance the performances of the industry. The data for the study were obtained from 30 small-scale foundry enterprises in Lagos State and 150 of their consumers within and outside the State. Questionnaire administration and design interview were the research instruments used during the course of the study. The questionnaire elicited information on their operations management, problems encountered by the small scale foundry enterprises, performance rating of the enterprises by their consumers in terms of cost, quality reliability, customer service attitude. The results showed that majority of the foundry enterprises (83%) produced varieties of products and also accepted jobs from different customers. This implied that most of the small foundries in Lagos State could be categorized as jobbing foundries. Few of these foundries were production foundries. Some of the foundry enterprises were able to develop new products and processes within the past 5-10 years. The performances of the enterprises in terms of reliability of the organization (2.11), product and service quality (2.29), business relationship with consumers (2.09), delivery time (2.01) and responsiveness to consumer feedback (2.03) were satisfactory. However some factors such as non availability of raw materials exportation of scraps, inconsistency in government policies, inadequate or non existence of funds, use of obsolete or outdated equipments, poor product precision and instability of electric power supply were factors limiting their operations. In conclusion, the performances of the foundry enterprises were not optimum due inadequate funds, government policies and poor infrastructural facilities for their operations.