Impact of Irregular Power Supply on the Performance of Engineering Firms in Nigeria: A Case Study of Enugu State
- Post by: ejees
- February 27, 2023
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ABSTRACT
This study presents the impact of irregular power supply on the performance of Engineering firms in Nigeria using Enugu State as a case study. The research work assesses the impacts of irregular power supply on the performance of engineering firms in selected firms in respect of the profit, market share and return on assets of engineering firms in Enugu State. Descriptive survey design was used in this study. A total population of 29 was used for the study while the census method used as the sample size determination technique. The instrument for data collection was questionnaire. With the help of measurement of central tendency and measurement of dispersion anchored on Microsoft Office Excel, the collected data was duly analyzed while the formulated hypotheses were tested using T-test. From the result and analysis of data collected, it was shown that the average score of the response of workers in the studied engineering firms in Enugu state on the level to which irregular power supply affects the firms’ profit, market share and return on assets were 3.42, 3.26 and 3.28 respectively. This implies that the workers agreed that irregular power supply affects to a great extent, the performance of the engineering firms studied in Enugu state, Nigeria. Also, with a calculated T-value of 6.19, 4.65 and 5.32 (for the three research question respectively) confirmed that the average score response of the workers of the studied engineering firms are significantly above the minimum accepted benchmark of 2.5. Based on the results and analysis carried out, it was concluded that irregular power supply affects to a great extent the performance of studied engineering firms in Enugu state, Nigeria especially as it relates to profit, return on asset and market share of the studied engineering firms in Enugu state, Nigeria. It is recommended that all critical stake holders should endeavor to fund the power sector effectively to ensure regular supply of electric power to the Nigerian populace. This will help engineering firms to produce at reduced cost thereby increasing their profit, market share and return on assets for overall improved performance and economic growth of the firms and the country at large.
Keywords: Irregular Power Supply; Engineering Firms; Performance
Authored by
*Alole, P. T.2, Eje, B. E.1, and Offor, C. B.3
1,3Department of Agricultural and Bioresource Engineering, Enugu State University of Science and Technology
2Department of Engineering Management, ESUT Business School, Enugu
FULL PDF | DOI: 10.5281/zenodo.7682423