1.2 STATEMENT OF THE PROBLEM
Having stated earlier according to Enudu
(1999) that the business environment is full of uncertainties as a
result of such factors; socio-economic issues, political unrest, demand
and supply forces, legal issues and technological changes all these
affect the management of any organization in one way or the other thus
needed attention for proper management.
You would equally recalled
that organizational goals and objectives are numerous but the means or
resources for satisfying these needs are limited, at times not available
hence needed control to satisfy the high priority areas.
These problems enunciated above have led the researcher to find answers to such questions as follows:-
 Do manufacturing companies in Nigeria do Budgeting?
 If they do, what are the types of budgeting usually employed by them?
 The type used or applied does it enhances their profit planning strategies?
1.3 OBJECTIVES OF THE STUDY
According to Pandey (2010), Budgeting was undertaking with the following objectives in mind.

To find out whether or not manufacturing business organizations control
their levels of profit making and the means used to achieve this.

To examine whether the manufacturing business concerns in Nigeria plans
their profits hence their losses are unnecessarily large in relation to
their budget estimate
 To identify the types of budgeting in some of the manufacturing business concern in Nigeria that enhance efficiency
1.4 RESEARCH QUESTIONS
 Does the manufacturing business organization control their levels of profit making and the means used to achieve it

Does manufacturing business concerns in Nigeria plans their profit
hence their losses are unnecessarily large in relation to their budget
estimate
 Does the types of budgeting in some of the manufacturing business concern in Nigeria enhance efficiency
1.5 HYPOTHESES OF THE STUDY
To identify the achievements of the desired objectives, the following hypotheses are formulated:
H0: Represents Null Hypothesis
H1: Represents Alternate Hypothesis
HYPOTHESIS I
H0: Manufacturing business organization do not control their levels of profit making and the means used to achieve it
H1: Manufacturing business organization do control their levels of profit making and the means used to achieve it
HYPOTHESIS II
H0:
Manufacturing business concerns in Nigeria do not plan their profit
hence their losses are unnecessarily large in relation to their budget
estimate.
H1: Manufacturing business concerns in Nigeria do plan
their profit hence their amount of losses are not unnecessarily large in
relation to their budget estimate.
