PREFACE
This research project is a very crucial study of
contributions of small scale business enterprises to economic development. It
is divided into five (5) chapter. Chapter one begins with introduction of
the study which deals with the procedure and techniques used to carryout the
study of the research. It provides a detailed accounts of methods used in
collecting the data, way these methods were chosen amongst others, what data
were collected, obtained and how they were obtained and analyzed. In other
words below are the methods used in obtaining data this research study.
Both primary and
secondary data were collected to solve the research instrument used for data
collection were questionnaires, oral interview frequency tables and percentages
were used in presenting and analyzing the data collected. The chi-square
formula was also used to test the various hypothesis.
Form the data analysis,
the researcher came up with the following findings.
-
The study in this project work revealed that the country has a predominance of
small- scale business enterprises.
-
The study also revealed that some beneficiaries of small scale industries
credit scheme loan made little or no effect to repay loans granted to
them, thereby denying other potential entrepreneurs from benefiting from such
loan.
-
Major attempts to promote small scale business enterprise mostly industry
credit scheme which could not help matter due to the right regulations guiding
the scheme.
Based on the findings,
the researcher recommended the following.
1)
Entrepreneurship development programme (EDP) should be integrated in our
educational system.
2)
State government should put in place a credit guarantee scheme where by it’s
ministry of commerce will guarantee loans granted by financial institution to
small scale enterprise
3)
Government should subside imported machinery which would stimulate domestic
engineering and machine workshop which potentially important in helping scale
business enterprise improve on the equipments.
The conclusion of the
study is that promotion of small scale enterprises must occupy a prominent
position in both the state and federal government industrial policy. Most
especially if the sate hopes to occupy its rightful place as a leading
industrial state in Nigeria.
Suggestions for further
study is that more studies should be carried out to actually determine the huge
potentials of small scale industries and it’s impact on the economic
development of the nation more importantly it’s employment generation
capabilities.
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction
1.1
Background of study.
1.2
Statements of problem.
1.3
Objective of the study.
1.4
Research question
1.5
Hypotheses formulation
1.6
Significance of the study
1.7
Scope and limitation of the study
1.8
Limitations
1.9
Definitions of terms.
References
CHAPTER TWO
literature Review
CHAPTER THREE
RESEARCH DESIGN AND
METHODOLOGY
3.0
Introduction to the study
3.1
Research design
3.2
Area of study
3.3
Population of the study
3.4
Sample size determination
3.5
Instrument for data collection
3.6
Validation of the instrument
3.7
Reliability of the instrument
3.8
Method of data collection
CHAPTER FOUR
DATA PRESENTATION AND
ANALYSIS
4.1
Presentation & analysis
4.2
Testing of hypothesis
Chapetr Five
Discussion
Recommendation & Conclusion
5.1 Discussion
Of Result Findings
5.2 Conclusions
5.3 Recommendation
5.4 Suggestions
For Further Study
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.1
BACKROUND OF THE STUDY
Nigeria economy far back
before the advent of oil exploration in the early 70’s was an agrarian economy.
Nigeria was not considered a rich country at the time, but the nation was able
to fed itself adequately and the economy was very buoyant. At this time, 85% of
the country’s export earning was from agricultural product. During this period
also, Nigeria has been making concerted effort toward the economic development
of the sovereign nation. Most enterprises propelling the activities of
the nation were mainly on large scale being set up by the federal government
which were capital intensive, these enterprises were being operated mostly by
foreigners some other industrial plants in the economy then, were owned by
Europeans and also master minded by their experts.
The oil boom era shifted
the nation’s emphasis from agriculture to mainly cruse oil. Nigeria had a
lot of money, but that was the starting point of the problem of the
economy. The economy could not move forward due to mismanagement by the
country’s leadership that led to conspicuous extravagant spending the nation
started suffering from economic depression such as inflation mass unemployment,
high foreign debts, money devolution’s and so many others.
In response to these
weaknesses of large scale enterprises, coupled with the total economic
depression government then sought to promote small scale enterprises as a
strategy for achieving self reliance and the only way to match on into an
industrialized economy. Government has championed the campaign for
individuals, most especially the unemployed one’s to be creative and be self
employed.
Coupled with this quite
a lot of funds programmes and employment scheme have been launched both at
state and federal level. Some of these programmes are the national
economic empowerment development strategy (NEEDS), small scale industry credit
scheme (SSICS), National directorate of employment (NDE),Federal office of
statistics, Niger Delta development commission (NDC), which have been providing
loan facilities for small scale industrial owners.
To further show the
importance of this sector and the potentials it has in promoting an
industrialized and self- reliance economy, government national development plan
of (2000-2010) explicitly stated the main objectivities of the programme geared
toward the development of small scale industries as the creation of employment
opportunities mobilization of local resource. These are to be achieved
through complementary assistance to small scale entrepreneur in financial
management, technical conceptual and human relations skills. The main
vehicle designated for administering development centers (ADC) and the states
small scale industrial scheme (SSIS)
Small scale businesses
are generally more flexible and more willing to exploit new
opportunities. Therefore a small scale enterprise encourages indigenous
entrepreneurship which helps to develop our rural areas and reduce rural urban
migration. Therefore it is undoptably accepted that small scale business
enterprise forms the bed rock of any nation’s industrial take off.
1.2 STATEMENT
OF PROBLEM
For Nigeria to excel
industrially there is the need to promote and develop this sector because it
serves as the bedrock of the countries industrial development.
Unfortunately ,t he sector could not grow fast due to some problems facing the
sector both internally and externally. This project work wills therefore
investigation on the following:
a)
Managerial problem that hinders the promotion of entrepreneurial development.
b)
Lack of credit and infrastructure deficiencies.
c)
Various administrations in Nigeria that lack the will and power to evolve
appropriate institutional strategies to ensure a co-ordinate system of
assistance to small business enterprises
Based on the knowledge
gathered from this study, small business entrepreneur have limited experience
and this should utilize simple and uncomplicated approach to planning their
activities. The basic planning process for small entrepreneur development
is as follows:
i) RESOURSE
ANALYSIS: Analysis of yourself, know your business
strengths and weakness, source of fund etc.
ii) ENVIRONMENTAL: Examine
outside factors such as technological changes, government regulations, social
trends etc.
iii)
COMPETITVE ABILITY: Analysis of company’s strength and weaknesses in
relation to its major competitors.
iv) Setting
objectives of the firm such as sales volume, growth of earnings return on
investments, market share.
v)
Firm opportunities & risks strengths & weaknesses market operating
problems
vi)
Determination of appropriate strategies and tactics to achieve desired
objectives economically.
1.3 OBJECTIVES
OF THE STUDY
Specifically, the main
objectives of this study is to carryout research into what economic benefits
Nigeria could derive from effective promotion of small scale business enterprise
and also highlight the ways means and strategies that could be adopted to
promote and facilitate the development of small scale business enterprise to
promote economic self reliance in the society.
The importance of small
scale enterprise in the promotion of economic self reliance has always been at
the fore front of development strategies in Nigeria. However many developing
countries have failed to adopt this strategy owing to their belief that it is a
relatively slow process of industrialization.
Consequence, the
objectives of this study are:
i) To
examine the existing scheme for the promotion and development of small-scale
business enterprises in Nigeria.
ii) To
identify the problem militating against the effectiveness of these scheme.
iii) To
suggest possible solution to the identified problem
iv) To
know the various administration in Nigeria that lack the will and power to
evolve appropriate strategies to business enterprises
v) To
know the lack of credit and infrastructural deficiencies in small business
enterprises.
vi) To
know how to do with the establishment and operation of small business
enterprises.
In addition, the study
seek seeks to determine the potentials possessed by the country for the
establishment development and growth of small scale industries. The analyses of
all these factors are aimed at assessing the role of small-scale business
entrepreneur in the growth of industries in the country.
1.4 RESEARCH
QUESTIONS
It is the aim of this
study to know the following:
i)
What are the managerial problem that hinders the promotion of entrepreneurial
development?
ii)
Why is it that some various administration in Nigeria lack the will and power
to evolve appropriate strategies to small business enterprises?
iii)
Why is it that there is lack of credit and infrastructural deficiencies in
small business enterprises?
iv)
What are the means of finding out the existing scheme for the promotion and
development of small scale business enterprises?
1.5 HYPOTHESIS
FORMULAITON
H0:
Small-scale business enterprises do not lack source of credit and
encouragements from government
that facilitates growth
H1:
Small-scale business enterprises lack source of credit and
encouragements from
government that facilitates growth
H0:
Small scale business enterprises do not lack initial managerial and
technical training to
organize productive activities.
H1:
Small scale business enterprises lack initial managerial and
technical training to
organize productive activities.
H0:
General deficiency in infrastructural development do not hinders
entrepreneurial
development.
H1:
General deficiency in infrastructural development hinders
entrepreneurial
development.
1.6 SIGNIFICANCE
OF THE STUDY
Nigeria has suffered a
great deal from mono-cultural dependence on one export commodity, she has also
neglected agricultural which was her main-stay that use to account for the
occupation of more than half of the total population of 80million people as at
1960.
The importance and role
small- scale business enterprises played in a developing economy is so vast and
enormous that this vital sector cannot ordinarily be relegated to
background. One needs not to go into the sterility and idle state of many
of our white elephant industrial projects. Infact, this sector will be more
beneficial for restructuring our growing industrial economy in the short run
than large industries.
A research project work
on the contribution of small scale business enterprise to Nigerian economic
self reliance will be beneficial to the following:
i)
Small scale entrepreneur.
ii)
Small scale industries supporting agencies
iii)
State governments.
iv)
The entire business community in Nigeria
v)
Prospective industries
vi)
The federal government for industrial planning and development
It is significant to not
that most countries particularly the developing economic argued that the large
scale industries have not played and cannot alone be expected to play a
dynamic in the rapid economic growth and development of self reliance in
the third world countries it has become evident in some countries that small
scale industries which have been neglected could play the role faster than the
large scale establishment in this direction, therefore this study becomes
significant. This study also to a greater extent adds to the existing
volume of knowledge about small scale industries contribution to self reliance
thereby making references possible for future researcher in this areas of
study.
1.7 SCOPE OF
THE STUDY
The scope of this study
is contributions of small scale business enterprises to economic development.
1.8 DEFINITION
OF TERMS
In other to be explicit
in this study, clarification is made of some terms and terminology used which
may convey different meaning in every day use. Therefore, the following
words are defined as they are conceptualized in this study.
a) NATIONAL
ECONOMIC EMPOWERMENT DEVELOPMENT STRATEGY
This is a government policy aimed at strengthening
country’s economy. it is a home grown policy of the present
administration which seeks to empower the small scale industrialist and the
people to be self reliant and be self employed.
b) SMALL
SCALE INDUSTRIES CREDIT SCHEME (SSICS)
A government sponsored institutionalized credit
scheme whereby small-scale business man are directly given loans to start or
expand their business.
c) NATINAL
DIRECTORATE OF EMPLOYMENT (NDE)
It was set up by the federal government in
November 1986 to work out strategies for dealing with the menace of mass
unemployment in the country especially school leavers and college graduates,
it’s initial core programmes were formally launched on 30th January
1987.
d)
FEDERAL OFFICE OF STATISTICS
This is office that publishes official
statistics for the country through its quarterly digest of statistics, annual
abstract of statistics and monthly economic indicators. These contain
statistical information on the economic and social aspects of Nigeria population
density, age distribution, external trade etc.
e) NIGER
DELTA DEVELOPMENT COMMISION (NDDC)
This is a commission set up be the government to
look into the developmental needs of the oil producing states with a view to
accelerating development and the area through execution of developmental
projects and empowering the people of the area.
Department | Business Administration and Management |
Project ID Code | BAM0370 |
Chapters | 5 Chapters |
No of Pages | 70 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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