ACCOUNTING INFORMATION SYSTEM IN A TRANSPORT ORGANIZATION. (A CASE STUDY OF NIGERIA RAILWAY CORPORATION)

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE CORPATTION

          The Nigeria Railway corporation (NRC) has been in existence for decides. It is regarded as the largest transport corporation in Nigeria and  has a high network operations. It is  alms are spread to the six geo political zones in Nigeria. The Nigeria railway corporation that looks like an old man today was as old as a day old body far decades ago. It had her birth in 1898, that is, one hundred and seven years ago. This happened in Lagos due to the approval by the Lagos Government.

Today, the existence and services of Nigeria railway corporation Eastern Division is one of the division In Nigeria. This Division covers the entire Eastern part of Nigeria. The corporation camer initial  existence in the Eastern part of  Nigeria in the year 1913. Thee initial place was harbour that is now called port-Harcourt in 1915 and ran a new railway to the near by coal mines. The discovery of coal ion Enugu and a potential deep water harbour found 64km from the sea, up the harbour bonny river led to the  extension of Nigerian railway corporation into Enugu.

The eastern line was extended north wards in 1924. The line from Kaduna joined that from Enugu near Kafarchan in 1926. The 910.4 km line (the line that run from the East to the Northern part of Nigeria was opened to traffic in 1927. The Marudai bridge was completed in 1923. A rail of 100.8km was built to js, on the Bauchi, plateau. North west Gusau was connected with Zaria and an extension to kauna Namoda in 190. By 1954 the railway density of 9.0-44.8km per thousand. The system was a single track of 3 feet 6 in changuag, except for the Bauchi light railway, which was 2 feet, 6 inches Guage.

During the above stated periods, the Nigerian railway corporation held a premier position in the transportation industry in Nigeria, carrying almost all traffic for exports from the hinter lands to the coasts and imported manufactured goods coming into Nigeria. The Railway was commanding sixty six percent of the transportation in the transport industry in 19388- 19398, sixty three percent in 1948- 49 and sixty one percent in 1952 – 1953.

Ever since 1898, the Nigeria railway corporation has contributed immenably towards the improvement of social  life and the development of the national economy. This is through to be extended to every part of the country that is the