PROPOSAL
This research work is
aimed at small scale investment as a tool for employment generation the study
is necessary because of the role small scale business play in the overall
employment generation and its contribution to the economic growth as well as
mobilizing the growth resources of the nation which aids the development of
local entrepreneur and the nation at the large .the study will focus attention
on the sources of finance, government polices and the role of financial
institution in the development of small scale business The study will engage
both primary and secondary sources of data in other to obtain the necessary
relevant information for the project. Questionnaires and direct interview will
be carry out . also related literature text books. Magazine, newspaper,
journals etc will be review and analyses for the project. The prominent cons
tract envisaged in this project are time and finance collection and analyses of
data requires a lots of time and this couple with the other hectic
academic programmed financial requirement such as production and distribution
of questionnaires, transportation and other expenses are another major
limiting factor for this project The study will delve into the needs for
development of small scale in the nation economy. It will also identify the
task facing small scale business establishment and operation of their business
the study will also discuss the various problem that hinder the achievement of
their aims and object of the small scale business as well as their future
prospects. Possible solution and recommendation which will foster the
development of small scale investment in the country will be offered
TABLE OF CONTENT
CHAPTER ONE
1.1
Introduction
1.2
Background of the
Study
1.3
Statement of the Research
Problem
1.4
The Research
Question
1.5
The significant of the
study
1.6 Research
Methodology
1.7
Scope and the Limitation of the Study
1.8
Definition of the
Terms
CHAPTER TWO
2.1
Introduction
2.2`Definition of
Small-Scale Investment
2.3 Form of Business
Ownership
2.4 Types of Small-Scale
Business
2.5 Setting up a Small
Scale
Business
2.6 Objective of
small-scale
business
2.7 Sources of finance
for Small-Scale Business
2.8 Procedures for
Acquiring a Business
Loan
2.9 Importance of Small
Scale
Business
2.10 Business challenges
of small scale Business
2.11 Government polices
for promoting
small scale investment
2.12 The role of financial Institution in the
Development of Small-Scale
Business
2.13 Credit analysis of
business enterprises by lending
institutions
2.14 The basic Principal
for Cannon of Bank Lending
2.15 Function of
Government Support
Agencies
2.16 Employment
Generating Capacity of Small-Scale
Industries
2.17 Problem faced by
small scale
investments
2.18 Prospect of Small
Scale
Investment
References
CHAPTER THREE
Research
Methodology
3.1
Introduction
3.2 Source of
Data
3.3 Method of Data
Collection
3.4
Population
3.5 Sampling
Techniques
3.6 Validity and
Reliability of
Data
Reference
CHAPTER FOUR
4.0
Data Presentation and
Analysis
4.1
Introduction
4.2 Data Presentation
and
Analysis
4.3 Interpretation of
Data
4.4 Analyzed of Research
Findings
4.5 Test and Prove Of
Hypothesis
CHAPTER FIVE
Summary, Conclusion and
Recommendation
5.1
Introduction
5.2
Conclusion
5.4
Recommendation
Bibliography
Questionnaires
CHAPTER ONE
1.1 INTRODUCTION
Nigeria as a nation
blessed with both human and natural resources can attain high economic
development with little effort and sincerity on the part of her citizens. One
of the ways to achieve this economic development is through the establishment
of an industries to process the huge maturely resources into conformable goods.
Therefore the establishment of small-scale industries all over the country is a
right step in the right direction. This will help the country to channel both
her human and natural resources to the productive area to enhance economic
growth.
The view has been held
by many in the government, academic and business circle that small scale
business should be treated separately from the large firms thus small scale
businesses one frequently seen facing a range of problem than the larger ones.
The Nigeria business
environment offers business opportunities. With the Nigeria business promotion
degree of 1972 which was revised in 1977 and with various federal and state
government business assistance, the economic environment is encouraging for
business pursuit in addition, the small industries division of the federal
ministry of industry has also be instituted to the further the interest of
small scale business in response, small scale business are being established
everyday but with survival difficulties some years back the family support
programmed under the auspices of the family economic advance programs pledged
to established small scale business in all local government area of the country
the national directorate of employment (NDE) gives grants to beneficiaries so
that they can start their own small scale enterprises. Also the Nigeria
agricultural land development agency (NALDA) was put in a place4 of agro based
industries to grow since most of the rural dweller are farmers the concept of
people bank of Nigeria (PBN) come to limelight and billion of naira were pumped
into the bank for on lending to small scale industrialist. Of recent the
poverty alleviation programme (PAP) was launched to encourage people to
established their own small scale enterprise to reduces the problem of
unemployment and reduces the rate of importation of goods but with all this
government programmed, our ethnocentrisms, lack of integrity and management
myopia did not allow some of these programmed to achieve the much we expected
from them.
Small scale business
rely move proportionately on loan and grant to finance there, business
operation. In many countries of the world, loans and grant have become the
tools for improving small scale business. The need these tools for enhancing
the productivity of their business the need these for enhancing the
productivity of their business more so loan serve as the foundation upon which
all business both small and big are built.
Unfortunately, the
mortality rates of both old and new small-scale businesses high. It has been
estimated that less than ten (10) out of every twenty (20) small-scale
businesses established survival in the very year of its operations.
Observations have also shown that small scale businesses do not perform to
expectations due to lack of knowledge of source of finance potentials open to
their owners. The effect of failure of small-scale businesses on employment can
only be imagined. The need therefore to accord small-scale businesses special
attention for employment generation and economic growth becomes more relevant
now that the economy is undergoing difficulties. The researcher therefore
consider it necessary to carry out this study so as to evaluate the contributions
to economic growth as well as employment generations and to proffer possible
solutions and recommendations which will foster the development of small scale
investments.
1.2
BACKGROUND OF THE STUDY
In the world of
telecommunication, which involves the transmission of one or more signals, of
voice, data, video, Internet and fax over a short and long distances, there are
three competing and complementary technologies. These are wired, wireless and
satellite. Prior to the entry of Global System of Mobile Telecommunication in
Nigeria, NITEL was the incumbent monopoly since 1963 and have operational land
lines of about five hundred thousand (500,000) serving about two hundred and
fifty thousand to three hundred and fifty thousand (250,000 – 350,000) households
and business/commercial units.
The Nigeria
Communication Commission, the national regulator successfully conducted a
digital mobile license auction exercise lasting from 17th to 19th January
2001. The licensing process, which led to the emergence of three (3) digital
mobile operations, earned the federal government a total revenue of eight
hundred and fifty five thousand dollars. The three successful digital mobile
operators are V-mobile (0802- by then Econet), MTN (0803) and M-Tel (0804).
Globacom was later licensed 1stSeptember 2002.
MTN Nigeria
Communication Limited secured a license to operate digital Global System for
Mobile Communication (Fine Brothers ) on February 9th , 2001.On
may 16, 2001, it emerged as the first to make call on its Fine Brothers
network in the new dispensation. There after the company launched full
commercial operation beginning with Lagos, Abuja and Port Harcourt.
The company have a
salary work force of about seven thousand (7000) workers and created over
thirty thousand (30,000) indirect jobs out of its growing distributors, dealers
and vendors while coverage has extended to over one hundred (100) towns and a
total of over five thousand (5000) communities across Nigeria. It have more
than four million (4,000,000) active subscribers on its network.
Zain have changed its
name five times. It started as “Econet”, then V-dacom and now V-mobil Airtel
and now Zain. It is one of the first three (3) winners of the highly
competitive Nigeria’s Fine Brothers bid. It launched telephone services
in Nigeria with a roll out on August 1st, 2001. A truly Nigerian
company, Zain is fully owned by indigenous investors. Since its commencement of
operations, Zain has extended its coverage to over ninety major town and five
thousand communities and an active subscribers of over two million, eight
hundred thousand (2.8 million) if employ about six thousand workers and created
over twenty thousand (20,000) indirect job out of growing distributors, dealers
and vendors.
Fine
Brothers company launched service on august 29, 2003. It has been in
forefront of the revolutionary changes in the Fine Brothers sector in
Nigeria its has an aggressive coverage plan in the line with its vision to make
mobile a telephone assessable in Nigeria it become the fastest growing Fine
Brothers network in African, achieving one million subscribers and
covering over 87 cities and town over nine month of operation . it has a
subscriber based of over two million seven hundred thousand (2.7million ) and
corers over three thousand (3000) town and cities.
The advantages of Fine
Brothers in Nigeria cannot be over emphasized some these advantages are
summarized below:
a. Fine Brothers
operation creates employment opportunities directly and indirect .direct
employment are those employed by Fine Brothers companies while indirect
are those employed by the distributors dealers, and vendors.
b. It create business
opportunities to businessmen such as the distributors, dealers, vendor, Fine
Brothers , phone booth operation
c. Its saves times
and energy business can be transacted through phone thereby saving
times and energy that should has been used in traveling
and from a distance for business negotiation
d. Its saves money
transportation money that could has been used while traveling for
a business negotiation are saves as such business deals are negotiated
through the use of Fine Brothers phone
e. It eases traffic
congestion as many users of Fine Brothers remain in their offices or home and
passes any information to wherever they want without driving out.
f. It raises
revenue to their for the government through tax paid by Fine Brothers
companies
In the employment
generation of global system for mobile commendation Nigeria small-scale
businesses have the lightest shave. Many are employee as vendors, phone boot
operators and others sell Fine Brothers handset accessories such as
batteries, battery chargers covers etc. in our campuses to day one of the
fastest growing bus mess is Fine Brothers phone nosiness. Some scout for
customers on standing position others sit by a round table rousts provided by
the Fine Brothers companies. This happens in all strategic and vantage points
of all our cities and towns.
1.3 STATEMENT OF
THE RESEARCH PROBLEM
Over the years, there is
evidence that small-scale businesses have bean on the increased. This is
because more people are being educated and the fact that government can no
lounger employ most scoot leavers, Another reason is that with economic
programmers such as open apprenticeship scheme, graduate employment programmed,
poverty alleviation programmed etc. To encourage individuals to go into
private business and be self-reliance never lustrated. How ever most of the
businesses find it difficult to survive in the first fire years of its
stabs manta. When we compare small scale businesses development in
Nigeria with other countries like America, Japan, champ , twain etc, most of
these countries big businesses started form the scratch as small scale
businesses and their owners rinsed them into big businesses through hand work.
The researcher there fore consider it necessary to examining the issues be land
such state of affairs as .
1.
The worsening economic state of small scale businesses caused by the
present downswing or melt //down in the
economy,
11. Many small-scale
businesses because of crisis or depressions often send small businesses to
liquidation while others are saddled with problems and aliments of
failure.
111. Lack of new business ideas and
innovation by small-scale business owners to implore
on their operation thereby generating more employment.
1V. In adequate funding resulting
from strict procedures placed by financial institutions in giving out loans and
advances to small scale industries.
V. Government unstable
policies towards small-scale businesses.
1.4
THE RESEARCH QUESTIONS
This study involves to
addressing the following questions;
1. In the face of the
preset economic condition what strategies are needed to
enable small scale businesses sortie or successful be successful
11. Would the admission of
business partners be a better strategy than operating solely?
111. Would the
admission of business panther be a better
strategy than
operating solely?
1V.
Could a business survive the economic hard ship if it
diversifies its
operations instead of concentrating on
our line of business?
V. To what extent would
stable government aid the operation and development of small-scale businesses?
V1. Would liability in the
financial intuitions procedures in giving out loans and advances aid the
operations of small scale business thereby generating more
reemployment opportunities?.
1.4 THE
SIGNIFICANCE OF THE STUDY
In all business
endeavors, the primary objective is profit maximization. This is achieved
through the provision of goods and services at fair, competition and affordable
prices. No management can ignore profit maximization; otherwise it will find
its self out of the business hence the significant of this study are
i. To determine
whether small-scale industries play any significant role toward the economic
development of the nation
ii. To ascertain
the role-played by small-scale business on employment generation in the country
iii. Ascertain the role
played by small-scale business as a tool for effective and efficient
utilization of resources for economic growth of the country
iv. It is designed to
educate potential and prospective businessmen and readers on how to set
up and manages small-scale business
v. To determine the best
way or ways in which the government can support
and promote the small scale business to enable them (small scale businesses)
provide more employment opportunities to the people
1.6
RESEARCH METHODOLOGY
Considering the nature
of the study, the researcher will be used both primary and secondary sources of
data writing this project. The primary source of data will take the form of
direct interview with operators and employees working at fine brothers
ltd and extensive use of questionnaires will also be made, the simple random
sampling method will be used which will allow all unit of population to be
selected. of phone both and extensive use of questionnaires will also be
made the simple random sampling method will be used which will be used which
will allow all unit of population be selected.
The secondary sources of
data will involve gathering and analyzing existing related literature which
include textbooks, periodical and unpublished materials.
1.7 DEFINITION
OF TERMS
In every write up, there
are certain words used which have different meanings to different people. It is
in the light of this the researcher decided to define the following words as
used in the study.
a.
LOAN: Amount of money collected from a bank or any other lending
institutions, which is to be repaid with interest at an agreed period and
terms.
b.
CAPITAL: Sum of money used for starting a businesses. It includes
money and other assets such as machines,
buildings, goods, etc that will be used to produce more wealth.
c. COLLATERAL
SECURITY: These are Asset(s) pledged as security for repayment
of a loan with agreement that if the loan is not repaid with an agreed period,
it can be sold to recover the loan or debt owned.
d. ENTREPRENEUR: An
individual who has the ability to see and evaluate business
opportunities, who bear uncertainty, gather the necessary resources to take
advantage of them and initiate appropriate action to ensure success, some how
creates a business and industrial activity where none existed before.
e.
ECONOMY: The relationship between production, trade and the
supply of money in a particular
country.
i. M-Tel: Mobile
Telecommunication Limited (Nigeria)
ii. NITEL: Nigeria
Telecommunication limited.
iii. FINE
BROTHERS : Global System of Mobile Communication
iv. Telecommunication: Communications
by radio, Telephone, Television, Cable, Telegraph or
satellite.
v.
Technology: The application of
scientific study and the use of applied
sciences to practical tasks in
industry.
| Department | Business Administration and Management |
| Project ID Code | BAM0331 |
| Chapters | 5 Chapters |
| No of Pages | 138 pages |
| Methodology | Chi Square |
| Reference | YES |
| Format | Microsoft Word |
| Price | ₦4000, $15 |
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| Contact Us On | +2347043069458 |