Donnish Journal of Business and Finance Management Research (DJBFMR)

December 2016 Vol. 2(1), pp. 001-004

Copyright © 2016 Donnish Journals

Original Research Article

The Regulation of Cash Flow for Effective Economic Management and Development of Businesses in Nigeria

Anthony Kayode Bodunrin

Directorate of Procurement, Accounts and Supplies, Ekiti State University, Ado-Ekiti, Nigeria.

Corresponding Author's Email: tonybodunrin2010@gmail.com

Accepted 19th February, 2016.

Abstract

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The study focused on the regulation of cash flow for economic management and development in Nigeria. Cash flow is the lifeblood of all businesses, particularly start-ups and small enterprises. Data for this study were collected from secondary sources. Since, cash flow management is a contemporary issue. The findings of this work revealed that proper and adequate billing schedule, early payment incentives, tightening of inventory and the renegotiation of insurance and supplier policies, etc. were necessary for effective cash flow management that will bring about economic progress and development. Thus, it is essential that management forecasts (prediction) of what is going to happen to cash flow is dependent on the financial security of the business, organization, establishment or institution.

Keywords: Cash flow, Development, Economic Management and Regulation.

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Cite This Article:

Anthony Kayode Bodunrin. The Regulation of Cash Flow for Effective Economic Management and Development of Businesses in Nigeria. Donnish Journal of Business and Finance Management Research 2(1) 2016 pp. 001-004.