In Nigeria the recognition of the economic significance
of small-scale enterprises is only a recent phenomenon. Hitherto, the adopted
industrialization strategy, which originated in the colonial era, encouraged
the undistracted use of imported raw materials to produce import substitutes.
To the extent that this strategy was biased towards large-scale production
activities, it invariably undermined the growth and development of indigenous
industries, most of which are small medium scale in size. The major criteria
used in the definition of small-scale enterprises include member of employees,
sales value, relative size, initial
capital outlay, financial strength, compassion ownership and type of industry.
This study examines the subjects through comparative
definitions of small/medium and large enterprises and states the purposes of
small-scale enterprises in the task of building an economically viable in
Nigeria. The myriad of problems faced by small and medium enterprise are
To successfully cover this particular aspect of the
project, both primary and secondary sources of acquiring the needed data are
employed and the gathered data are sorted, organized, and arranged under different
heading for a proper analyzing using a simple percentile method.
However, of an the various Challenges of small scale
business highlighted sounds paramount because of a number of reasons, first,
the peculiar situation small-scale industries inherently suggests a weak
capital structure and constraints in respect of access to capital markets.
Second, small-scale industries traditionally suffer discrimination in the
distribution of credits in the conventional loan markets.
Lastly, inspite of policy declarations and measures in
favour of small-scale industries by the government, uncertainties faced by
financial institutions both public and private still lead them to concentrate
lending on low-risk, large scale, corporate borrowers.
1.2 Problem of
1.4 Means of
1.5 Limitation of Study
1.6 Definition of Term
1.7 Purpose of Study
1.8 Significance of Study
1.9 Scope of Study
of Small-Medium Scale Enterprise
2.3 Features of
of Small and l4edium Scale Enterprises
2.5 Problems of
Small-Medium Scale Enterprises
Entrepreneurial Capacity and Poor Business Orientation
2.8 Failure to
take Advantage of Management Consultancy Services
2.11 High Cost of
2.12 Shortage of
Values and Problems of Small Scale Enterprises
2.17 SMEs and
Problem of Rural Small Enterprises
2.19 Examining the
Problems of Financing Rural/Small Enterprises.
of Research Question
of Study Population
ANALYSIS AND PRESENTATION OF DATA
SUMMARY, RECOMMENDATION AND CONCLUSION
5.1 Summary of