Funding and Funds Utilization in the Nigerian National Petroleum Corporation (NNPC) Libraries

Description

– Funding and Funds Utilization in the Nigerian National Petroleum Corporation (NNPC) Libraries –

Download Funding and Funds Utilization in the Nigerian National Petroleum Corporation (NNPC) Libraries. Theatre and Performing Art students who are writing their projects can get this material to aid their research work.

Abstract

The study was carried out to assess the funding and funds utilization in NNPC libraries. The study answered five research questions that were raised. The survey research method was adopted for the conduct of the study, and a questionnaire was used to collect data for the study.

The overall total number of 90 management staff, as well as senior library staff, were drawn as population and use as sample size. The data collected for this research were analyzed by using frequency distribution tables, and simple percentage.

It was discovered that the sources of funding the library are grants from the corporation though it receives donations from other organization it’s in cooperation with. It was also discovered that the libraries utilized their funds in the acquisition of information resources and services.

It was recommended that consistent, timely and adequate funding based on needs of the libraries for its resources should be provided by the corporation and that the library to diversify its sources of revenue generation in order to maximize the income generation by engaging in worthwhile revenue generation activities, like instituting fines for overdue books.

Introduction

Information aids in the growth and scope of activities of corporate organizations. That is why it is being considered as a vital resource. It is as important as any physical variable in production process.

This is an indisputable fact as it is already evident incorporation such as the Nigerian National Petroleum Corporation (NNPC), where information is considered as not only a component for obtaining acceptable profit levels but also as a resource for product development and for coping with competition.

The need for and value of information to corporate organizations is a fact widely accepted. This is because, the more information is acquired, appraised, organized, preserved and made available on-demand, and the more it is expected to create desirable results.

Thus, due to the nature, role, and importance of information in corporate organizations, libraries are established and funded.

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