Problems of Small Scale Businesses in Nigeria And.
Get free Research Paper on The role of small scale industries in the economic development of Nigeria project topics and materials in Nigeria. This is approved for students in accountancy, business, computer science, economics, engineering, arts. The importance, effect, causes, relationship, comparison, history, role, solutions are discussed.
CHAPTER ONE. INTRODUCTION. 1.1 Background of the Study. In Nigeria various criteria are use for its definition. The small-scale industries in 1973 defines, such enterprise as those having investment capital, (ie land, building, machinery, equipment and working capital of up to N 60,000 and employing not more than 50 persons). But according to the federal ministry of commerce and industry to.
EFFECT OF SMALL SCALE INDUSTRIES ON NIGERIAN ECONOMIC DEVELOPMENT. CHAPTER ONE. 1.0 INTRODUCTION. It is an undisputable fact that Nigeria of the pre-independence era was predominately small scale in its productions and marketing activities. Industrial revolution brought about a shift from the orthodox trade by barter to a more sophisticated.
The topic “problem and prospects of financing small-scale enterprises in Nigeria” has been thought for concern for most researchers in our country. This is not only because small-scale enterprise have a lot to offer to our society or the inaccessibility of the small-scale enterprises to acquire resources to operates upon, but because the mechanism of operations employed by them is.
According to the 1987 Cred guidelines, the central Bank of Nigeria defined small-scale industries; “as enterprise with annual turn over not exceeding five hundred thousand naira (N500,000.00) the small-scale industry division of the Federal Ministry of industries defined small-scale industry as “enterprises having investment capital of about sixty thousand naira (N60,000.00) with not more.
However, small-scale industries still form a dormant part of business enterprises particularly in developing nations, which includes Nigeria. In recent years, since the adoption of the economic reforms program in Nigeria (1986), there have been a device switch of emphasis from the grandiose capital intensive large-scale industrial project to small and medium scale enterprises linkages for.
This research work focuses on the promotion of Small and Medium Scale Enterprises (SMEs) in Nigeria paying special attention to the impact the government of Nigeria has on the development of Small and Medium Scale Enterprises. The research intends to study the essential problems encountered by Small and Medium Scale Enterprises and suggest ways by which they can be adequately and efficiently.