Production And The Millennium Development Goals (mdgs) Challenges And Prospects

Production management is a process of planning, organizing, directing and controlling the activities of the production function. It combines and transforms various resources used in the production subsystem of the organization into value added product in a controlled manner as per the policies of the organization. It is ironic that Nigeria is the sixth largest exporter of oil and at the same time host the third largest number of poor people after China and India. Statistics show that the incidence of poverty using the rate of US $1 per day increased from 28.1 percent in 1980 to 46.3 percent in 1985 and declined to 42.7 percent in 1992 but increased again to 65.6 percent in 1996. The incidence increased to 69.2 percent in 1997. The 2004 report by the National Planning Commission indicates that poverty has decreased to 54.4 percent.  Nigeria fares very poorly in all development indices. The average annual percentage growth of GDP in Nigeria from 1990 -2000 was 2.4. This is very poor when compared to Ghana (4.3) and Egypt (4.6).  Poverty in Nigeria is in the midst of plenty.  Although there has been steady economic growth in the last few years, there are doubts whether the benefits are evenly distributed especially to the poor and excluded. Nigeria is among the 20 countries in the world with the widest gap between the rich and the poor. The researcher hereby want to write on the effect or production management and millennium development goals with its prospect and challenges. 

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Production management is the process, which combines and transforms various resources used in the production/operations subsystem of the organization into value added product/services in a controlled manner as per the policies of the organization. Therefore, it is that part of an organization, which is concerned with the transformation of a range of inputs into the required (products/services) having the requisite quality level. The set of interrelated management activities, which are involved in manufacturing certain products, is called as production management. If the same concept is extended to services management, then the corresponding set of management activities is called as operations management.