ABSTRACT
 For some time now, many developing third world countries especially Nigeria has been suffering a wide variety of problems raging from economic political, social, cultural, religious and a host of other problem to mention but a few. Nigerian government in attempt to solve these problems, have been investing some of the public at her disposal in industries to enhance quick economic growth of the country.
 As a result of the current economic recession, many industries have liquidated and gone out of production while some others are yet making it. This research is aimed at finding out the problem of these industries that have survived and the steps being taken by the public fund manager to remain in the market.
 Life Breweries Ltd. Onitsha viz-a-viz other industries in the public sector was discovered to be having problems like other of finance, raw material, spare parts, foreign exchange and also mismanagement of available funds by the financial managers of the company have been taking lots of steps to see to their existence in the productive sector applying their financial management skills effectively and efficiently.
 
 TABLE OF CONTENT
 
 
 TITLE PAGE
 APPROVAL PAGE
 DEDICATION
 ACKNOWLEDGEMENT
 ABSTRACT
 
 CHAPTER ONE
 INTRODUCTION
 1.1BACKGROUND OF THE STUDY
 1.2STATEMENTS OF THE PROBLEM
 1.3OBJECTIVES OF THE STUDY
 1.4SIGNIFICANCE OF THE STUDY
 1.5HYPOTHESIS
 1.6SCOPE AND LIMITATION OF THE STUDY
 
 CHAPTER TWO
 2.1REVIEW OF THE NIGERIAN ECONOMY 
 1982  - 1989
 2.2INDUSTRIALIZATION IN NIGERIA
 2.3LIFE INDUSTRY, A BIG BOOST TO 
 NIGERIAN’S ECONOMIC RECOVERY
 2.4FINANCIAL MANAGERS IN THE 
 MANAGEMENT OF PUBLIC FUNDS
 2.5INDUSTRIAL SOLVENCY IN A 
 DEVASTATED ECONOMY
 
 CHAPTER THREE
 1.1RESEARCH DESIGN AND METHODOLOGY
 1.2SOURCES OF DATA
 1.3SAMPLE USED
 1.4METHOD OF INVESTIGATION
 1.5METHOD OF ANALYSIS
 
 CHAPTER FOUR
 4.1DATA PRESENTATION AND ANALYSIS
 AND INTERPRETATION
 4.2TEST OF HYPOTHESIS
 4.3SURVIVAL STRATEGIES OF NIGERIAN
 
 CHAPTER FIVE
 5.1SUMMARY OF FINDINGS
 5.2RECOMMENDATIONS
 5.3CONCLUSION