This study. The problem of small sickle Industries in Enugu state.
This is an attempt to present the framework which will help the enter pries and
the mode and the need for financing them and the special problems those
inhering may face with Inadequate financing and assistance.
In terms of organization, this work is divided into three
chapters. Chapter one is the introduction and analysis including the background
of the study statement problems.
Chapter two deals with Literature review relevant on the subjects
writhen by fellow students, well respected authors and opinion on the related
journals and newspaper.
Chapter Three form the conclusion Data collected were presented,
analyzed and interpreted, Recommendation and suggestion for further research.
of the sub-matter
association with the sub matter
that the study will be concern with
important of the studying the area
of important terms
2.0 . LITERATURE
2.1. The origin of the subject area
2.2. School of thought within the subject area
2.3. School of thought relevant to the problem of study
2.4. Different methods of studying the problem
3.1. Data presentation /highlight of the study
3.2. Analysis of the data
1.1. Background of the sub- matter
word Industry has several different meaning. Sometimes
We speak of Industry as referring only to the manifesting of goods
and thus being different from aquaculture and trade.
The term Industry is also used to refer to certain types of
Inductile activates in the sense that an Industry is taken to mean a group of
enterprise for Industry, the automobile Industry, the banking Industry, textile
Industry and so on, Each Industry is based on Lab our specialization
Individuals who are experts in particular fields strives towards Improved skill
and efficiency in providing particular goods and seines. But in this research,
Industry will be treated in the broadest sense including all the activates
which provide us with the things we want and need, that is agriculture. Trade,
mining, banking, semi- manufactory, transportation,
Commune action and building.
Industries may be classified in different ways depending on the
purpose for which they are Intended for Instance their closeness to the
national resources or raw material out of goods are to be produced.
However, in the research Industry are classified into the three
small medium and large scale Industries. This classification varies from
country to. Even within a country there is no hard and fast rule for hence each
country could classify industries to meet the objective being paused.
Many definitions have been given a small-scale industry. These we
optically examined later that small scale is retentive concept because what is
small in a particular situation many not be considered small inn different
situation as regards larges scale enterprise. However, small and medium scale
enterprise are expected to play a vital role in Nigerian Industrial development
and the industrial sector based on the capital strength and degree of the
In Nigeria much emphasis has been placed on small scale
industries, a key to industrialization of the country. In this regard, the
federal government has been in forefront by promoting the industry by granting
them lots of incentives as stated below.
Government always gives allocation to some small scale industries which hence
been established in contain areas for example the 2ndNational
Development plan for 1970-1974 and so on. In order to develop their countries
which provide extension services in terms of technological advice to the small
scale industries in their area of jurisdiction.
In 1984, the central Bank of Nigeria issued directive to the
commercial Banks to reserve a mums of 16% for their loan, packages for the
small scale industries. Defaulters were punished. There and other commendable
moves have been made to ensure the sustained growth of small scale enterprise
in the country.
Finally, t hey appears marvelous but there is a significant lack
of realism in their practices. It is a known fact that government always has
good intension when formulating any policy and during its implementation. It is
very important to note that this study sticky dwells on the family Joy
production small scale industry, its enterprise in Agriculture, transportation
and trade. Industries. These industries. These industries have its own
background that we are going to deed on.
The family joy product industry limited Enugu is an indigenous
company specifically concerned with the business of bakery, under bakery
section, they produce bread lives: family Joy Royal, festival, Perstoge and
Teat time Bread.
The company was incorporated in 1989 and started production in Jan
1990. The company has Mr. Osmond Wze as its chairman and managing Director.
Family Joy product emphys about 120 workers and is financed with personals
savings of the owner and loans from commercial banks.
They sell their products on daily basis and their area of
operation is local basis. Their daily productions on bread ranges from 600 t0
2000 loaves of bread depending on the demand for the day. Them, if move capital
is available, the management may consider going into the manufacture of another
product live altogether.
To increase the market share of their products, the company is
contemplation on opening depots in some other commercial towns like Aba,
Ointsha, lagos state. The opening depots will help the factory to have more
sales and increase their daily production. They are also planning to go
international if additional capital is obtained.
Family joy industry is located at No. 18 hgbence Abakapa Nike
Enugu. Family joy industry Enugu is one of the leading companies in
confectionaries here in Enugu. Family joy is faced wish the following problems.
Inability of the company to sourced funds externally due to lack
of security. As a result, the company has continued to rely on personal savings
and internally generated revenue as their main resource of capital. This has
Secondly, family joy products industry fails to keep proper
records of their transaction as a poly top defraud the company.
Thirdly, lack of finds has also prevented the company from the
desired market perpetration and outreach to the consumers. Insolently also
precluded the company from effective promotions and advertisement of their
Finally, remuneration to the workers is another problem that is
facing the campaign. As a result of its limited scope and coupled with the fact
that the company is not a quoted company, the level of its remuneration to
staff has adversely affected the recruitment of specialist staff in the
company. The company’s condition of seine is not such that caters adequately
for its staff problems and as such has attracted less qualified workers to
cater for its administrative needs.
Problems Associated With T He Sub-Metter
joy industry limited Enugu found it difficult to source funds externally because
of lack of security, which appreciated with time. As a result the company
relied on personal savings and internally generated revenue as main source of
capital that had remained inadequate.
joy product did not keep proper record of Evanscation as a ploy to defraud the
of funds prevented the company from the desired market penetration and outreach
to the consumer’s insolvency also precluded the company from effective
promotion and advertisement of their products.
to remunerate their staff min part with what is obtainable in similar
establishments adversely affected the recruitment of qualified staff.
1.3 Problems that the study will be concern
purpose of the study includes the followings.
i. To identify the problems of family joy control
with respect to the source of capital.
ii. To examine how family joy kept proper records of
iii. To find out the extent to which lack of funds
affects family joy industry limited Enugu.
iv. To ascertain the impact of remuneration to the
staff of family joy on the production level.
The important of the studying the areas:
1. The study will serve as a source of revenue to the
owners and even to the government as a whole.
study will help assist the management in providing the machinery for the proper
keeping of their transaction
wills create awareness for the management to channel their attention on staff
will help the management award even government to understand some of those
problems, which is facing many small scale industries in Nigeria.
this study is significant because the researchers hopes that this will serve as
a stepping stone for any future researchers especially those who would wish to
research more on the subject matter.
of the Important terms
Resource: One of the factors of production contributed by man. It is known as
This means reward or payment for work done or services rendered by a worker in
this is the act of running an organization with the are of three M’s that is
men, material and money to achieve a set objective.
security: means property example Bank or stock, pledge as security for the
repayment of a loan.
this is one of the major factor of production which is being contribution by
TERMS AND CONDITIONS APPLY
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