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DESIGN AND IMPLEMENTATION OF COMPUTERIZED ECONOMIC GROWTH MONITORING SYSTEM (CASE STUDY OF FEDERAL MINISTRY OF FINANCE)

ABSTRACT

Federal Ministry of Finance has always monitoring how economic growth is moving in this Nation.  After the granting of internal autonomy to regions in 1946, there have been subsequent fiscal commission, military decrees Acts of Parliaments that reviewed both dreamed earning structure for Government. In the cause of this research work”. Design and implementation of Computerized Economic growth monitoring system Federal Ministry of Finance”, economic growth as constituent of revenue allocation has been checked in relation to the Federal Ministry of Finance (F.M.F) of the sectors that contributes more percentage to the ministry economy. Indeed, up to the time of work, the issue of economic growth increment or amendment in salary structure came to shape focus with little or no counter check consequences viz: wage and price and employment; And money multiphers.  Both the tiers of Government and the various workers union have refused to be amenable to Nigeria Financial trends haven observed that in recent years, the petroleum sector has become the main stay of Nigeria economy, in the fiscal year, 1964/67.  However, it’s found that computer economic.

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND TO STUDY

The federal ministry of finance was established in 1958 by the finance (control and management) ordinance, to replace the finance department.  The ordinance conferred on the ministry the responsibility for the control and management of the public finance of the federation.  In the 1080, attempts were made to re-organize the finance ministry either by existing some of its departments or ceding others to it.  For example, in 1980 Budget office became an extra Ministerial Department under the executive office of the president and headed by a special Adviser to the president on Budget matters from 1987, the Budget office functioned once again under the ministry of finance and was surprised by its own merged with the ministry of National planning to form the office of Budget and planning in the presidency under ministry of state.  Then in 1991, the Budget office was excised again from the ministry of budget and planning and returned to the ministry of finance where it is to date.

In the case of the customs, it was a department in the ministry of finance until 1985 when it was transferred to the Ministry of Internal Affair where it was managed under the customs, immigration and prisons services board,  however, in 1992, customs was returned to the jurisdiction of the ministry of finance. The revenue department is made up of three division namely Revenue Division, Petroleum Division and Research and Statistic Division.  Given this background, the function of the department include monitoring, analyzing and reporting of the revenue inflow as from oil and non-oil revenue source. In addition, the federal ministry of finance carries out revision exercise on monthly and quarterly basis, in respect of revenue from the sources (customs and excise including levies, company income tas, federal government independent revenue earned by Ministry / Parastatal and operating surplus from major government parastatals.

 1.2   STATEMENT OF THE PROBLEM

Every organization is comprised of individuals that are recruited to offer diverse kinds of services, the cost of acquiring this task is translated into the payment made for carrying out this services. Economic Growth Monitoring is an important aspect of any developing country particularly Nigeria, specifically.  The federal Ministy of finance which is in the position to monitor and forecast Economic Growth has for sometime now been running their office activities manually. Thus the Federal Ministry of Finance is associated with the following bottlenecks.

1.  As identified in the case study, on proper attempt has been made to describe the Nigerian Economic Growth in relation to the nations development.

2.  Quacks staffs carrying out the Economic Growth monitoring activities in the ministry: summarizing, analyzing and collection of raw data.

3.  Poor record documentation

4.  Non-computer literate staffs

5.  Inaccuracy in Economic Growth Forecasting

1.3   PURPOSE OF THE STUDY

The purpose of carrying out this research in this topic is as stated below

(1)  To demonstrate that computer can actually eradicate some abnormalities in Economic Growth Monitoring system in the Federal Ministry of Finance.

(2)  To show the efficiency of computering Economic Growth Monitoring.

(3)  Amongs all to computerize the Economic Growth Monitoring process in federal ministry of finance.

1.4    AIMS AND OBJECTIVES OF THE STUDY

Having identified some major problems in the Federal Ministry of Finance, the objective of this study is thus stated as follows:

1.  Properly analyze the problem of the present system.

2.  Design and develop a computer-based solution for Economic Growth Monitoring system that will help to forecast economic growth properly.

3.  Develop a program that describes the economic growth in numerical terms; gross domestic, and inflation rate (increasing or decreasing) wage, price and employment.

1.5       SCOPE OF THE PROBLEM

This research is restricted to the federal ministry of finance in economic growth monitoring.  Although it ought to cover the whole of the ministry in the federation, but due to time, finance and other logistics I had to limit myself to Enugu state branch. In economic growth monitoring, several processes are adopted, depending on the need.  Partitioning of organization in one of such.

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