PROBLEMS OF FINANCING GOVERNMENT CORPORATIONS
ABSTRACT
This research paper is on the problems of financing government corporations (Tracas Case of study). In carrying out the research, the researcher intends to find out the outlet to which commercial banks finance the activities of transport company of Anambra State Limited, to ascertain whether the ability of TRACAS to meet debt repayment schedule of financiers militate against is availability of funds, to determine the extent to which the government of Anambra state have helped in financing the corporation. The researcher collected data from both primary and secondary sources. Data collected was presented and analysed and hypothesis formulated was tested using the chi-square method of testing hypothesis. The researcher found out the following insufficient finance from commercial banks has a significant effect on the activities of TRACAS; Inability of TRACAS to meet debt repayment schedule of finances militate against the availability of funds from TRACAS; inability of funding TRACAS has a significant effect on as activities and performances; inability of government of Anambra state to finance TRACAS. The following recommendation, were made government should try and provide enough fund to corporations through commercial banks. They need to act as their guarantor in searing the fund. The high interest changed is to be looked into to enable corporations to service their borrowed fund. I suggest that if all these recommendations were properly implemented it will go a long way in improving the efficiency of corporations in this nation.