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An Evaluation Of The Impact Of Small Scale Business On Economic Development In Nigeria

The guest for economic development ensure overall improvement in individual well being of citizen as been the pre occupation of every nation. The process involves a number of approaches. One of these is the adoption of an industrialization strategy at a point in time relevant to the prevailing needs of development Developing countries are under much pressure in this regard because of their general peculiar features which among other include concentration of high proportion growth low level of savings, general poverty of various dimension, poor credit and marketing facility etc (Onwumere, 2000).

TABLE OF CONTENTS

Title Page

Certification

Dedication

Acknowledgement

Table of Content

CHAPTER ONE: INTRODUCTION

1.1    Background to the Study

1.2    Statement of the Study

1.3    Aims and Objective of the study

1.4    Significance of the Study

1.5    Scope of the Study

1.6    Limitation of the Study

1.7    Organization of the Study

CHAPTER TWO: LITERATURE REVIEW

2.1    Concept of Small Scale Business

2.2    Small scale Business in Nigeria

2.3    Conceptualization Economic Development

2.4    Relevance of Small Scale Business in Economic Development

2.5    Types of Small Scale Industries

2.6    Sources of Financial Small Scale Business

2.7    Problems of Small Scale Industries in the Development Process

2.8    Solution to the Problems of Small Scale Business

CHAPTER THREE: RESEARCH METHODOLOGY

Introduction

3.1    Research Study Area

3:2    Research Population and Sample

3.3    Research Instrument

3.4    Method of Data Collection

3.5    Method of Data Analysis

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULT

4.1    Data Presentation

4.2    Data Analysis

4.3    Discussion of Findings

CHAPTER FIVE

5.1    Summary

5.2    Conclusion

5.3    Recommendation

REFERENCE

QUESTIONNAIRE

CHAPTER ONE: INTRODUCTION

1.1   BACKGROUND OF THE STUDY

In fact many developing countries have attached high priority to the industrial sector in their development plans possibly as a result of their attraction to many development theories that have tended to see industrialization as the gateway to modernization Nigeria, like many of them had on gaining

political independence, adopted import substitution as her industrialization strategy.  Thus should not be surprising, because even as at today. Most of the rich advanced countries – are rich because they are industrialized.

Incidentally, the past policies and strategies failed to generate self sustaining growth largely because of their reference establishment of large scale firm. Resources (human and material) had largely idled in the face of mounting problems.

Since the 1970s, therefore, developing countries have been compelled, in the face of thus problems to look for alternative approaches to development. One of these approaches has been the redirection of efforts and encouragement of Small and Medium Scale Enterprises (SMES). Since the introduction. However, the role of small scale industries on the economic development of Nigeria has help the economy to improve to a maximum level unlike when Nigeria use to import all her need from the overseas countries which of course made the economy worse that time (Oshagbemi, 2000).

The contribution of SMES to the development process are such that any country are such that any country can only ignore its own peril. Hence, there is need to evaluate the impact of small scale business on economic development.

1.2   STATEMENT OF THE PROBLEM

Development strategies in the past had favoured large scale concerns which had not yielded much desired not returns to their economic. The quest for economic development to ensure over all improvement in individual wellbeing of citizens then become the occupation of every nation, hence an attempt to incorporate the small and medium scale industries then become important with the incorporation, has thus been able to foster economic development in the Nigerian own situation? This become a problem which this study tries to proffer solution to, so as to evaluate its importance on the economic development of Nigeria.

1.3   OBJECTIVE OF THE STUDY

The major objective of carrying out this research is to evaluate small scale industry impact on the economic development of Nigeria.

I will also focus on the following areas:

  1. To identify constraints such as fund and management of SMES.
  2. To identify strategies that would be used in operation of SMES in Kwara State.

iii.  To examine the economic potential of SMEs on gross domestic products and creations

  1. To establish the importance of SMES as an option of economic developing recovery growth in Nigeria.
  2. To identify the role played in government, towards the promotion and developing of SMEs
  3. To examine and identify the constraints such as funding and managing of SMEs

Finally, the research work will lay emphasis on the various agencies established by government to promote small- scale industries in Nigeria.

1.4   SIGNIFICANT OF THE STUDY

The research work carried out on the evaluation of small scale business on the development of Nigeria is of significant important to the academic world in various institutions.

The study is also helpful to small scale business enterprises as it would burden their knowledge efficiency and effectiveness in small scale business management.

1.5   SCOPE OF THE STUDY

The research topic is so wide and broad but in order to make the study more easier in carrying out explicitly, we have based our research on Saho industry as our case study.

1.6   LIMITATION OF THE STUDY

In the process of carrying out this research project, there were some problems encountered such as unavailability of fund to really carry out the unavailability of fund to really carryout the research work so extensively on time.

Secondly, this was the problems of time constraint which made it impossible to travel wide to obtain some important document and information that could serve as useful guide on the topic and study.

Another problem encountered was the delay in administrating the questionnaire. It took a relentless effort before I could get in touch with some of the upper management of the organization due to security constraints.

1.7   ORGANIZATION OF THE STUDY

The research project is grouped in to five chapters. The first chapter comprises the introduction, statement of problem, objective of the study, significance, scope, limitation1 research methodology and organization of the study.

The second chapter comprises of the literature review chapter three contains the research methodology while chapter four deals with analysis and presentation of data and chapter five give the summary conclusion and policy recommendations.

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