TIME SERIES ANALYSIS ON THE REGISTRATION OF MOTOR VEHICLES IN NIGERIA (A CASE STUDY OF ASABA DELTA STATE 1993-2002)
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ABSTRACT
This project is based on time series analysis of quarterly registration of motor vehicles in Asaba Delta-state (1993 –2002) the whole project is divided into five chapters.Chapter one, deals with the introduction aspect of the study. Chapter two, the literature review, makes reference to other people’s work that are similar to this study.
Chapter three and four of this project work deal with the analysis of the time series data collected, filling of models, identification, forecasting.
Chapter five, consists of finding, conclusions and recommendation.
TABLE OF CONTENT
CHAPTER ONE
- Background of the study 1
- Purpose of study 3
- Significance of the study 3
- Limitation 4
- Scope of study 4
CHAPTER TWO
Literature review 5
CHAPTER THREE
Research methodology 8
3.0 Introduction 8
- Source of data 8
- Data analysis techniques 9
- Time series analysis 9
CHAPTER FOUR
4.0 Data presentation and analysis 14
CHAPTER FIVE
- Findings 26
- Conclusion 26
- Recommendation 27
Appendix 28
Bibliography 29
CHAPTER ONE
INTRODUCTION
- BACKGROUND OF THE STUDY
Motor vehicle evolves from the horse drawn carriage, it’s near relative from the horse drawn carriage, it near relative the stream carriage and perhaps the 19th century tricycle, but as the year went by gradually. Lost it likeness to any of it progenitor. All these at each stage of development were each used for transportation which help to limit and eventually abandon the use of animals and foot for transportation.
Every vehicle kept or used on, only public road must be registered and the appropriate vehicle license fee paid in respect of it. This is done by applying for a motor vehicle license.
The board of internal revenue which was known to be the revenue division of ministry of finance is the authority responsible for the insurance of vehicle license in the state. This board has motor licensing office in the various local government areas and the licensing offices in the various local government areas gives the monthly report to the state board.
There are two classes of vehicles which can be registered. They are the one that is import from outside the country or manufacture in the country that needed a change of registration for the new national identification scheme. the former require the former to fill the national motor vehicle administration form in duplicate signed by the customer. The document will be sent to the motor licensing officer in charge to verify the genuity of the document. If they are confirmed to be genuine, he will ask for two passport of the customer and mandate a registration clerk to register the vehicle before he signs. The customers pay the registration fee depending on the type of vehicle and the national vehicle administration form (N.V.A.F) is forward to the road safety commission for filling.
While the later is supervised by the federal road safety commission filling. The local government council will require all the vehicles to change their number plate and request for registration. General motor receipt each of which is to be photocopied in duplicate, the four copies of the (N.M.V.F) form will be filled and present to the motor vehicle licensing office for verification before mandating the registration clerk to register.
This registration exercise help the customer and the police to recover his/her vehicle if lost, it safe guide us against security purpose, easy identification, uniformity and revenue collection which is the source of our national income.
- PURPOSE OF STUDY
- To determine the trend of registration of motor vehicle in Asaba, Delta state from the year 1993 – 2002.
- To forecast the number of motor vehicle registered in Asaba, Delta state for 2003 – 2004
- To make recommendation and conclusion on the registration of motor vehicle in Asaba, Delta state
- SIGNIFICANCE OF THE STUDY
The findings of this research will help to establish the performance of the scheme and to find out about operational problem facing the registration system. This research work will give the internal revenue board to introduce measure and policies that will encourage the registration officers to run the operations it will also review the operation and activities of the board of internal revenue through which improvement can be accomplished and serves as a reference point to future researchers.
- LIMITATION
Due to the high cost of transportation, lack of sufficient time series analysis and other problem that might have confronted the researcher, it become imperative to get the best and of a rather difficult and challenging situation
- SCOPE OF STUDY
The researcher will focus his research on Asaba Area of Delta- state. This will enhance an indebt study which may be duplicated in other place by other researchers, to confirm or disapprove it’s kindling. In this study only the time series analysis of the registration of motor vehicle is considered.