THE IMPACT OF ASSET MANAGEMENT PRACTICES ON THE PERFORMANCE OF NIGERIAN MANUFACTURING FIRMS

ix C: Dunlop Nigeria PLc 53 54 55 ABSTRACT This study sought to investigate the “impact of Asset Management practices on the Performance of Nigerian Manufacturing firms”. Ex-post research design was employed while data were collected from 10 manufacturing firms quoted on the Nigeria group exchange as at 2022. Data collected were presented in tables and analysed using descriptive statistics while the individual properties of the variables like mean, median and standard deviation were examined to test for multi-collinearity. The study found that Total asset turnover does not have significant effect on performance of Nigerian Manufacturing firm; inventory turnover does not av significant effect on performance of Nigerian manufacturing firms. The study concluded that the manufacturing sector is an economically viable sector that need all attention to make it contribute to economic development of Nigeria. The study recommend that management of Manufacturing firms should continue to adopt modern techniques of asset management turnover by concentrating on the size and value of their total asset so as to raise the level of performance; manufacturing firm should give ,ore attention to managing inventory turnover in their operations to avoid tying down working capital and problem of wastages associated with materials