CHAPTER ONE

INTRODUCTION

1.1 STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY

The statement of the problem is to carryout an investigation into the field of financial management practice in government owned companies, with particular reference to Nigeria limited and also highlight the financial problem facing these companies in this problem the main purpose of this study is to:

To identify and examine some factors that militate against successful financial management of government owned companiesTo find out why those problem have been difficult to solve and make recommendation and suggestion on how they should be solved.Explore other areas which in the writers opinion are relevant for effective management of funds.To recommend generally and specifically the study of financial management.