PROBLEMS AND PROSPECTS OF SMALL-SCALE INDUSTRIES IN NIGERIA

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PROBLEMS AND PROSPECTS OF SMALL-SCALE INDUSTRIES IN NIGERIA

ABSTRACT

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 discussed extensively.

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.

 


TABLE OF CONTENTS

CHAPTER ONE

1.0     Introduction

1.1     Background of Study

1.2     Problem of Study

1.3     Research Question

1.4     Means of Obtaining Data

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

1.10   Organization of Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Introduction

2.2     Definition of Small-Medium Scale Enterprise

2.3     Features of Small-Medium Enterprises

2.4     Roles of Small and l4edium Scale Enterprises

2.5     Problems of Small-Medium Scale Enterprises

2.6     Financial Problem

2.7     Deficient Entrepreneurial Capacity and Poor Business Orientation

2.8     Failure to take Advantage of Management Consultancy Services

2.9     Inadequate Physical Infrastructure

2.10   Competition

2.11   High Cost of Business Resources

2.12   Shortage of Technical Manpower

2.13   Public Relations

2.14   Shortage Facility

2.15   Advertising and Promotion

2.16   Characteristics, Values and Problems of Small Scale Enterprises

2.17   SMEs and Financing System

2.18   Financing Problem of Rural Small Enterprises

2.19   Examining the Problems of Financing Rural/Small Enterprises.

 

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Introduction

3.2     Hypothesis Testing

3.3     Restatement of Research Question

3.4     Characterization of Study Population

3.5     Research Instrument

3.6     Procedures and data

 

CHAPTER FOUR

ANALYSIS AND PRESENTATION OF DATA

4.1     Introduction,

4.2     Description of Respondents

 

CHAPTER FIVE

SUMMARY, RECOMMENDATION AND CONCLUSION

5.1     Summary of Findings

5.2     Recommendation 

5.3     Conclusion

Bibliography

Appendix

i.                   Introductory Letter

ii.                 Questionnaire

PROBLEMS AND PROSPECTS OF SMALL-SCALE INDUSTRIES IN NIGERIA

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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. .. business administration project topics

PROBLEMS AND PROSPECTS OF SMALL-SCALE INDUSTRIES IN NIGERIA

Project Information

  • CATEGORY : BUSINESS ADMINISTRATION
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 67 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

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