CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Funding of the federal parastatals is the provision of finance of the parastatals of special purpose. In a taste are federal parastatals, funding could be provided of the maintenance of plant and machineries and development of manpower needs, purchase of vehicle, payment of salary and wages, etc. the ability of any parastatals to archive its objective rest on squarely on whether it is adequately funded by its beneficiaries. The federal government of Nigeria establish some of the parastatals of the accomplishment of some of its objective which are of immense benefit to both the federal government and its citizenry. Some of this parastatla include both limited to the following
(i) Federal radio cooperation Enugu Nigeria (FRC)
(ii) Nigeria coal cooperation (NCC)
(iii) Nigeria television authority (NTA)
(iv) Nigeria Electric power authority (NEPA)
(v) Nigeria rail way cooperation (NRC)
(vi) Federal air port authority of Nigeria (FAAN)
(vii) National Orthopedic hospitals and others (NOH) These federal parastatals are established to provide goods and service, which the private sector cannot provide as a result of irresistible capital fund. The parastatals are therefore 100% owned by the federal government of Nigeria. Sequel to the business activity of these parastatals including their performance reference, the research intends to investigate whether the federal government provide adequate or inadequate capital fund of their efficiency operation
In an effort to save time and as well minimize the cost that is usually associated with carrying out this type of research project such as this, the researcher has chosen the federal radio cooperation Enugu station as a case of study. At the ends of the study, the adequacy of the parastatals for their efficient and effective cooperation.
OVERVIEW OF THE RADIO BROADCASTING
Sound broadcasting as easily been ranked as one of the greatest achievement ever recorded by man in the twenty first century, sound broadcast and its counterpart. Electronic has revolutionaries man rate and his social and economic interception with his fellow human beings, and sound broadcasting has in recent time fashioned or directed political thought and practice in the con-temporal world. It has compressed the globe through its electro magnetic wave into sample broadcasting unit. When you sit in your room, you can press a knot there and tore with the help of the remote control enjoy or acquaint your self with the event that is going on the globe. Radio broadcasting has hardly arrived when the television added a new dimension to broadcast. Television removes the listener’s perpetual handicap to tell stories or deliver the entertainment. News and entertainment can be viewed in the television. Even at that radio has remain the matter of broadcasting service. The arrival o transistor in radio took broadcasting into every doorstep of any dick and Harry. In fact very where you fill free to enjoy including the lavatories. Housewife now keep their radio by their side as they plait their hairs and do other house hold works. The farmer in the countryside places his radio one side as he doses his work. The same happen to cattle riearers as they listen to music while the work. It is therefore necessary to find out whether adequate funding to he federal radio cooperation of Nigeria Enugu state, available for broadcasting in the territories. Latter the BBC encouraged the colonial station to broadcast the empire service. This offer was accepted in Nigeria. The BBC through its energ7y on where to provide the farm work for newly created broadcasting service in the colonies and in the case in Nigeria. The new broadcast from London set a new pattern, which in time became an integral part of broadcasting development in the federation. In 1932, it recorded that the Lagos wireless station received all empire broadcasting news by shortage of the manpower necessitated by inadequate funding which ore vented a conformation of the experiment on broadcasting from Lagos.
THERE DIFFUSION ERA
There diffusion was the era when PT by means of re diffusion replayed BBC broadcast and programmers to subscribers. The Nigeria post and telegrammed department but a new method of broadcasting and distributing information to populace n such areas like Kano, Lagos and Ibadan. The cooperation in conjunction with the empire broadcasting service. The P&T by means of re diffusion boozes the British broadcasting to subscribers who $ 2.00 annually. This method was describe at Enugu national station against its objective of informing, Educating and entertaining the populace.