0704-883-0675     |      dataprojectng@gmail.com

THE IMPACT OF AUTOMATION ON LABOR COSTS IN NIGERIA'S AUTOMOBILE INDUSTRY

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

Abstract: THE IMPACT OF AUTOMATION ON LABOR COSTS IN NIGERIA'S AUTOMOBILE INDUSTRY

This research investigates the impact of automation on labor costs within Nigeria's automobile industry in Lagos. The study's objectives are to assess how automation affects labor costs, evaluate the benefits and challenges of automation, and identify its overall impact on financial performance. A survey design was used to gather data from 200 financial managers and production supervisors, derived using Taro Yamane's formula. A case study of a major automobile manufacturing company in Lagos provided detailed insights. The reliability coefficient score was 0.86. Findings reveal that automation significantly reduces labor costs by enhancing production efficiency and reducing the need for manual labor. However, challenges such as high initial investment costs and the need for continuous updates were noted. Recommendations include investing in training for workers to manage automated systems, ensuring regular updates of automation technology, and integrating automation with other cost management practices to maximize benefits.





Related Project Materials

INFLUENCE OF PEER GROUP ON THE ADOLESCENT AND THEIR PERFORMANCE IN SCHOOLS

ABSTRACT

The purpose of this study is to investigate the influence of peer group on adolescent and their academic pe...

Read more
CARGO FREIGHT RATE IN LINER SHIPPING AND IT'S CORRELATION TO HIGH PRICES OF IMPORTED GOODS IN NIGERIA

 

ABSTRACT

The research is organized into five chapters. The objective of research is to assess the impa...

Read more
RELATIONSHIP AMONG ACADEMIC STRESS, MOTIVATION AND ACADEMIC ACHIEVEMENT OF NCE STUDENTS OF FCT COLLEGE OF EDUCATION, ZUBA, NIGERIA

ABSTRACT

This study investigated the relationship among academic stress, motivation and academic achievement of NCE students of FCT Colle...

Read more
INVENTORY CONTROL AS AN EFFECTIVE TOOL FOR COST CONTROL IN AN ORGANISATION

ABSTRACT

This research work is on inventory control as an effective tool for cost control in an organiz...

Read more
STRATEGIES FOR PROMOTING DIVERSITY IN TECHNICAL EDUCATION PROGRAMS

ABSTRACT: This study investigates strategies for promoting diversity in technical education programs, emphasizing the importance of inclusive...

Read more
THE NIGER DELTA CRISIS – AN EVALUATION OF THE MANAGEMENT OF THE AMNESTY OPTION

ABSTRACT

Oil producing communities of Nigeria known as the Niger Delta region has been a region characterized with fierc...

Read more
THE CONTRIBUTIONS OF FOREIGN DIRECT INVESTMENT TO THE NIGERIAN ECONOMY

ABSTRACT

This study investigated the contributions of Foreign Direct Investment inflows on growth of Nigerian econom...

Read more
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED COST ACCOUNTING SYSTEM

Background of Study

The fundamental criteria for accounting are determined by the make-up of an economy as well as its h...

Read more
EFFECTIVE COMMUNICATION STRATEGIES

ABSTRACT

This research was designed to study the extent to which workers communicate effectively in Nigeria Bottling Com...

Read more
PUBLIC PERCEPTION OF MASS MEDIA AWARENESS ON CHILD TRAFFICKING

BACKGROUND TO THE STUDY

Child trafficking or child abuse is one of the critical issues facing almost al...

Read more
Share this page with your friends




whatsapp