CHAPTER ONE
1.0 INTRODUCTION
Nigeria, like most developing countries is an “Information poor” country. Most of Nigeria’s wealth and power comes from the control of physical assets-land, oil, iron steel, coal e.t.c But in the 21st century, this cannot continue to happen. The main source of value and competitive advantage in the new economy is human and intellectual capital. With a present population of about 150 million people, Nigeria in theory has the capacity to make a successful transition into a truly knowledge driven economy.
1.1 DETAILS OF THE PROPOSED STUDY
For the purpose of this report or rather, project, the term “Information technology” shall be adopted to include all computer based activities that derive from the convergent disciplines of microelectronics, computing and telecommunications and that have led to the reorganization of the processes of production, distribution and circulation in Nigerian society.
With Solive oil manufacturing company Nigeria limited, one of such production companies specialized in oil production will have to take note that exciting trends are sweeping across the world. In advanced economics “knowledge” is fast becoming a strategic asset for economic development. Technological advances and globalization are gathering pace. Advances in information and communication technology are occurring on a tremendous scale and every organization looking to improve with great innovation must key in.
1.2 ENUMERATION/PROBLEM ASSOCIATED WITH THE CASE STUDY
The problem associated with Solive oil manufacturing company is such that should not be taken lightly. According to one of the staffs interviewed, most of problems are caused by most of problems are caused by mismanagement of funds. This has become a general problem ruling in the Nigeria society today, beginning from the federal government down to the private sector. If Nigerian economy is to improve, the management must act with strict polices such that would put a check to every activity and misuse of company funds.Other problems associated with the case study are listed below: Inadequate policies that would put a check to activities on site and on management as well,Lack of technical know-how: in the 21st century where computers are used to make jobs easier and faster, many of the staffs has not the knowledge to operate and techniques to work in such fields. Inadequate training of employee Inadequate safety kits and training. All of which sum up a great deal of let down in production and improvement in strategies of work. Without taken a good look into these problems, the Nigerian economy will grow.