Problems of revenue generation In government owned companies

INTRODUCTION
1.1 BACKGROUND OF THE STUDY
A cording to Anyafo (1996) revenue may be defined either in a broad or a narrow sense in the broad sense it includes all in comings or public receipts” in the rerrow sense only those receipts which are included in the ordinary conception of “public revenue ” The chief elements included in the conception of public revenue are receipts but excluded from that of “public revenue” are receipts from public barrowings and from the sale of public assets such as war stores. Furthermore, the Macmillan dictionary of modern economic defines government revenue as all money received other them from issue of debt liquidation of investments and agency and private truest transactions. Government revenue includes fat collections, changes and miscellanies revenue, utility, sale of alcoholic beverages and insurance trust revenue for all funds and agencies of a government. However, the 1889 constitution states under section 160 (9) that “revenue” means any government of the federation To any impartial observer, the problem of the power industry today are not so mush than those are generating and selling electricity. The problems are more related to the degree of economy the authority has, and the financial materials and manpower resources at its disposal Manpower shortage of trained manpower certainly are of the problems with which PHCN has to contend. As it is generally known, it takes time for a professional Engineer or Technologist to become useful and experienced after has academic qualification PHCN’S experience has been that, it is able to recruit staff at the co west level and put them through training programmes, but by the time they have acquired enough experience to carry responsibilities they cave PHCN for other more rewarding jobs in the private sector or surprisingly in other attractive parietals.

1.2 STATEMENT OF PROBLEMS
As there are many sources of revenue generation in PHCN, there are also management problems militating against effective collection and utilization of such resources. The impediment against such resources are
1. Inefficiency of meter reading
2. Delay in billing
3. Delay in dispatch of bills
4. Rampant vandalization of PHCN facilities

1.2 PURPOSE OF THE STUDY
The major purpose of this study is to create awareness of the problems of revenue generation in PHCN Enugu district and to evaluate such knowledge of great importance in PHCN.
1.To ascertain the extent to which inefficiency of meter erasing has effect on revenue generation in PHCN
2. To find out the reasons of delay in billing
3. To ascertain the extent to which delay in dispatching of PHCN bills affect the generation of revenue in the organization
4.To find out the extent to which rampant vandalization of operation infrastructure by some miscreants in the society affect the volume of revenue generation in PHCN.

1.3 RESEARCH QUESTIONS
1. To what extent has in efficiency of meter reading affected the volume of revenue generation in PHCN.
2. To what extent has delay in billing affected revenue generation in PHCN.
3. To what extent has delay in dispatch of bills affected generation of revenue in PHCN.
4. To what extent has the rampant vandalization of PHCN operational infrastructure has affected its revenue generation.

1.4 THE DELIMITATION OF THE STUDY
This work is limited to National electric power authority (NERA)currently known as power holding company of Nigeria (PHCN) It concentrate more or financial administration of PHCN as it regards to the problems of revenue generation in the organization.

1.5 SIGNIFICANCE OF THE STUDY
This research work will be of great importance to the following people as stated below:-
1. Firstly, the result will create serious awareness in the revenue generation department of PHCN .
2. It will serve as a source information as well as a guide to the administrative department of PHCN. Enugu district
3. It will equally serve as a source of information to several students and practioners who may embank on a similar or related topic.
4. 4. It strictly applied consumers of electricity will benefit from not suffering of unusual darkness as a result of vandalisation of PHCN property.
5. Finally, the suggestions and recommendation contained here in would help immensely in eliminating revenue generation problem it strictly applied on PHCN.