Current Volume 8
Abstract
The purpose of this study is to investigate the low growth of individual operators in the Breweries Industry in Nigeria. Using an ex-post research design and multiple regression test statistics, data from Nigerian Breweries PLC was collected. The study analyzes with the aid of SPSS the impact of budgeting on business growth of Nigeria breweries PLC, and it shows that budgeting has a strong positive relationship with the company Retained Earnings (RE) and at same time, significantly correlated human resource recruitment in form of Employee Size (ES) for their success. The study answers the question to the correlation between budgeting and business growth in areas of RE and ES. From finding the following was also recommended; that further study should be conducted to determine the contributing factors to business Profit-After-Tax (PAT), effective and efficient budgeting, flexible enough should be planned and implemented to the later to have a better retained earnings at close of business year as this will lead to better re-investment by shareholders. Finally, paying good attention to talent recruitment especially during budgeting should be given priority to ensure only merited talents are brought into the business.
Citations
IRE Journals:
Leshi Oluwatobi Abiola
"The Impact of Budgeting on Business Growth in Nigeria Breweries NIG. PLC" Iconic Research And Engineering Journals Volume 7 Issue 5 2023 Page 213-227
IEEE:
Leshi Oluwatobi Abiola
"The Impact of Budgeting on Business Growth in Nigeria Breweries NIG. PLC" Iconic Research And Engineering Journals, 7(5)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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