EVALUATING PROCESS EFFICIENCY, COST AND ENVIRONMENTAL IMPACT: A HOLISTIC REVIEW OF MODERN INDUSTRIAL PRACTICES IN BENUE STATE, NIGERIA
Abstract
This study evaluates process efficiency, cost efficiency, and environmental impact in modern industrial practices in Benue State, Nigeria. The manufacturing sector plays a vital role in economic development; however, its contribution in Nigeria has declined due to high production costs, inadequate infrastructure, low-capacity utilization, and inefficient operational strategies. The study adopted an ex-post facto research design and relied on secondary data obtained from financial reports, efficiency reports, and environmental assessment records of selected industries. From a population of 128 registered industries in Benue State, six major industries were purposively selected: Dangote Cement Company, Oracle Plastic Industry, Micap Nigeria Limited (Miva Rice), Seraph Oil, Hule Oil, and Ashi Rice Limited. Data were analyzed using descriptive statistics, specifically mean and frequency. Findings revealed varying levels of efficiency among the industries. Dangote Cement Company recorded the highest process efficiency (90%) and cost efficiency (95%), while Hule Oil and Seraph Oil demonstrated the lowest process and cost efficiency levels. Environmental impact analysis showed that some industries, particularly cement and plastic production, have relatively high environmental footprints compared to others. Overall results indicate very low process efficiency (20%), low-cost efficiency (40%), and very low environmental efficiency (10%) among the studied industries. The study concludes that modern industrial practices in Benue State remain largely inefficient and recommends improvements in production processes, adoption of cost-efficient operational strategies, and implementation of environmental Process Efficiency, Cost Efficiency, Environmental Impact, Modern Industrial Practices ly sustainable manufacturing practices