Working Capital Management And Financial Performance Of Manufacturing Companies In Nigeria :- Elele, Uchechukwu T.
ABSTRACT
The
performance of the Nigerian manufacturing sector has attracted considerable
attention since independence in 1960 because of its potential for rapid
economic growth (Banjoko, Iwuji, & Bagshaw, 2012). A growing manufacturing
sector reduces poverty through wealth creation and employment generation.
Despite these potential, the performance of Nigeria’s manufacturing sector has
been declining over the years. This downward trend has been noticeable since
the early period of the 1980s, (Manufacturing Association of Nigeria,
2014). The Nigerian economy is faced
with several hindrance factors such as bad governance, corruption, lack of
policy implementation and persistence competition impede the speed of having a
huge return on the resources employed and invested by manufacturing industries
in Nigeria. The sustainability of a firm heavily depends on the ability and
efficient utilization of financial management function (Karaduman, 2011).
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ELELE, E (2024). Working Capital Management And Financial Performance Of Manufacturing Companies In Nigeria :- Elele, Uchechukwu T.. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/working-capital-management-and-financial-performance-of-manufacturing-companies-in-nigeria-elele-uchechukwu-t-7-2
ELELE, ELELE. "Working Capital Management And Financial Performance Of Manufacturing Companies In Nigeria :- Elele, Uchechukwu T." Mouau.afribary.org. Mouau.afribary.org, 07 Mar. 2024, https://repository.mouau.edu.ng/work/view/working-capital-management-and-financial-performance-of-manufacturing-companies-in-nigeria-elele-uchechukwu-t-7-2. Accessed 31 Oct. 2024.
ELELE, ELELE. "Working Capital Management And Financial Performance Of Manufacturing Companies In Nigeria :- Elele, Uchechukwu T.". Mouau.afribary.org, Mouau.afribary.org, 07 Mar. 2024. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/working-capital-management-and-financial-performance-of-manufacturing-companies-in-nigeria-elele-uchechukwu-t-7-2 >.
ELELE, ELELE. "Working Capital Management And Financial Performance Of Manufacturing Companies In Nigeria :- Elele, Uchechukwu T." Mouau.afribary.org (2024). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/working-capital-management-and-financial-performance-of-manufacturing-companies-in-nigeria-elele-uchechukwu-t-7-2