ABSTRACT
This write-up is to show how government industries foster economic
development. This project aims at examining various government policies
and their effects on the survival and growth of small and medium scale
enterprises, it is crucial for us to understand and appreciate what
constitution a small or medium scale enterprises, what factor militate against
their survival growth, and proliferation for which government policies have
been formulated to address or for us to understand and appreciate what
constitute a small scale.
This paper structurally based or grouped into section namely:
i. Section one is the introduction
of the topic
ii. Section two contains the
definition and characteristics
iii. Section three contains the role as
well as recognized problem
iv. Section four contains government
policies on the small and medium scale enterprises.
v. Section five contains the summary,
conclusion and reformation
TABLE
OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background of
study
1.2 Statement of the
problem
1.3 Objective of the
study
1.4 Research
Questions
1.5 Research Hypotheses
1.6 Significance of the Study
1.7 Scope of the Study
1.8 Limitation of the study
1.9 Definition of Terms
References
CHAPTER TWO
LITERATURE REVIEW
2.1 Recognition of the Small and Medium Scale
2.2 Definition of Small Scale Business
2.3 Characteristics of Small and Medium Scale
2.4 The Role of Small and Medium Organization
2.5 Strategic Importance of Small and Medium
2.6 Problems of Small and Medium Scale
2.7 Promotion of Small and Medium Scale
2.8 Fiscal Policy Measures
2.9 Budget
Measures
Reference
References
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Introduction of the study
3.2 Research Design
3.3 Area of
Study
3.4 Population of the
Study
3.5 Sample Size Determination
3.6 Instrument for Data Collection
3.7 Validation of the Instrument
3.8 Reliability of the Instrument
3.9 Method of Data Collection
3.10 Method of Data Analysis
3.11 Questionnaire Distribution and Retrieval
CHAPTER FOUR
Data presentation and Analysis
4.1 Data
presentation and Analysis
4.2 Testing of Hypothesis
4.3 Summary of
Results
CHAPTER FIVE
Discussion, Conclusion and Recommendation
5.1 Introduction
5.2 Discussion of Results Findings
5.3 Conclusion
5.4 Implication of the Research Findings
5.5
Recommendations
Bibliography
Appendix
CHAPTER
ONE
INTRODUCTION
1.1 Background of the
Study
The role of the small and medium enterprises (SME) as a catalyst
for economic growth and development has been well documented in the economic
literature and recognized in most countries. For example, in many of the
newly industrialized nations, more than Ninety eight (98) percent of all
industrial enterprises belong to the small and medium enterprises sector and
account for the large mass of the labour force.
Small and medium
enterprises enjoyed competitive advantage over large enterprises in serving
dispersed local market. Knowledge of this fact, programmes of assistance
especially in the area of finance extension and advisory services, as well as
provision of infrastructure have been designed by the Nigerian government for
the development of small and medium enterprises.
Specially, successive
government in Nigeria have in the last three decades shown interest in ensuring
satisfactory financing for small and medium enterprises (SMES), by establishing
various schemes and specialized financial institution to provide suitable
financial to the sub-sector.
The role of small and
medium enterprises in fostering economic development has also been well
activated in different forms of this nature. The specify attention on
them is based on their expected impact and potential contribution on board and
diversified production base as well as their accelerative effective in
achieving macro objectives pertaining to full employment, income distribution
and the development of local technology. They are particularly most
conducive for diffusion of management skills and stimulation of indigenous
entrepreneurship overtime.
Effective role in
promoting the growth of small and medium scale enterprises in recognizing the
flexible and adaptive nature as well as the economic development in believing
that a dynamic and growing small and medium manufacture sub-sector can control
significantly to the implementation of a wide various policies to encourage
their proliferated and make them credible engine grown and development.
The basic objective of
growth and development policies as contained in the monetary policies are
fiscal policy measures to improve financing and other supportive service to
small and medium scale enterprises by expanding and improving their access to
credit and infrastructural facilities reducing their production costs, boosting
their profitability, enhancing by making their products competitive in the
export market. This seminar aims at examining various government policies
and their effects on the survival and growth of small and medium scale
enterprises. It is important for us to understand and appreciates what
constitutes of small or medium scale survival, growth and proliferation for
which government policies have been formulated to address.
1.2 Statement of Problem
An important feature associated with small and medium scale
industries, which is particularly relevant to our economic problem, is that
these industries characteristically depend less on imported inputs relatively
to their local capital investment than large firm.
In view of the economic
situation and alarming rate of the unemployment in society, it is important to
determine the effective of government policies on small and medium enterprises
have on our economic development and their impact on the society at large.
The study of intents to
examine constraints encountered by small and medium scale industries.
Hence, the federal government continues to lay emphasis on self-reliance
industrialization through the encouragement of small and medium scale
industrial development. New lending schemes and credit institution at both
local and federal levels has been establishing to encourage the development.
They include the
national economic reconstruction fund (NERFUND), the national, Directorate of
Community Bank and other Development Bank.
Inspite of these
measures, small and medium scale industries in all parts of the federation has
continued to face high rate of business failures because of their reliance of
foreign raw material imputs.
Small and medium scale
industries are the pivoted on then which any developing economy like Nigeria
stands.
They creates more jobs
per units of investment then large scale ones the there is a problem as to
whether their poor performance in as a result of dependence of foreign raw
material inputs. This problem raised this question, will the
establishment of small and medium scale raw material processing industries such
as palm oil processing plant help to boost the development of small and medium
scale enterprises in Nsukka zone in particular and the country in general it is
the answer to this question that is focus in this research.
1.3 Objective of the
Study
The objectives of this study are as follows:
1. To
find out the commercial banks that assist small and medium scale enterprises as
stipulated by the government.
2. To
find out if government policies affect the production of palm oil at Nsukka.
3. To
determine the attitude of people towards innovation and how it affect the
source of raw material for production.
4. To
determine if the small scale industries can produce at a large commercial
quantity.
5. To
make general and specific recommendation based on the finding of the study.
1.4 Research Questions
In order to facilitate the study, the following basic questions
will be reflected in the interview.
1. Can
government polices affect the production of palm oil at Nsukka?
2. Can
the attitude of Nsukka people toward innovation affect the source of raw material
for production?
3. Does
SABGO palm oil processing industries produce palm oil at commercial quantity.
4. Have
the industry ever encountered any environmental constraints?
5. Do
the commercial banks in the area assist small and medium scale enterprises as
stipulated by the government?
6. Will
there be adequate finance and manpower around the Nsukka area to help raise the
industry production capacities.
1.5 Hypothesis
Formulation
H0:
Commercial banks in the area do not assist regulatory as stipulated by the
government as regards to small and medium scale industries.
H1:
Commercial banks in the area assist regularly as stipulated by the government
as regards to small and medium scale industries.
H0:
There is no enough manpower around the area of help raise the industry’s
production capacity.
H2:
There is enough manpower around the area of help raise the industry’s
production capacity.
1.6 Significance of the
Study
In realization of the advantages of promoting small and medium scale
enterprises the federal government has countries to play pioneering and active
roles since 1970’s in stimulating small and medium scale enterprises .
Its policy objectives in this context could be summarized as:
1. Provision
of greater employment opportunities
2. Industrial
development and natural integration through industrial dispense
3. Increased
production of manufactures exports
4. The
development of indigenous technology.
The government has according employed combination of monetary and
fiscal measures as well as industrial incentive to enhance the achievement of
the desired goals.
1.7 Scope of the Study
This study aims at examining various government policies and their
effects on the survival and growth of small and medium scale enterprises in
Nigeria.
It is important to
understand and appreciate what constitute a small and medium scale enterprises,
what factors militates against their survivals, growth and proliferation for
which government policies have been formulated to address.
It also examines how
government policies can help small business, owners in Nigeria, with reference
to SABGO oil Enugu.
1.9 Definitions of Terms
1. Policy: Policy
is the guideline laid down in general or specific terms to make a company or
other organization to reach the long range target or targets bet by the
objectives.
2. Fiscal Policy: This
is a macro-economic tools which involves the used of government spending and
taxes in guiding the nature economy to achieve pre-determined economic goals.
3. Monetary Policy: This is the
attempt to regulate the economy by regulating the supply of monetary and terms
availability of credit.
4. Finance: This is the activity of
managing money, especially by the government or commercial organization.
5. Budget: This
is financial statement items and amount of expected expenditure are source
amount of expected revenue of economic unit over a period ahead, usually one
year.
Department | Business Administration and Management |
Project ID Code | BAM0358 |
Chapters | 5 Chapters |
No of Pages | 98 pages |
Methodology | Chi Square |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2349067372103 |
Contact Us On | +2349094562208 |
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