TABLE OF CONTENT
Title page i
to the Study 1
of the Problem 5
of the Study 6
of the Study 8
de-limitation of work 9
of terms 11
Theoretical definitions of Small
Business Enterprises 13
of Small Business Enterprises 14
Financing of Small Business Enterprises 17
of Small Business Enterprises 20
facing Small Business Enterprises 21
Roles of Small
Business Enterprises 24
of Small Business Enterprises 25
Employment creation output and production growth 27
Small Business Enterprises as a tool for
employment creations in Lagos State 29
of research question 33
of research hypotheses 34
of the study 35
sampling techniques 36
and reliability of the study 39
of the study 38
data analysis 39
DATA PRESENTATION, ANALYSES AND INTERPRETATION
Analysis of personal data of respondents 40
of research hypothesis 43
DISCUSSION OF FINDINGS, CONCLUSION AND
of Findings 51
BACKGROUND OF THE STUDY
Small business enterprise plays a key role in
expanding and diversifying industrial production and also contributes to such
objectives as employment generation, poverty eradication, improved income
distribution and fulfilling basic needs of most developing countries.
Small business enterprises was defined by the
Central bank of Nigeria in it’s guideline that it is any business organization
with an annual turnover of less than five hundred thousand naira. (CBN Guide (2002).
Small business enterprise may be seen as a
business which is independently owned and managed and which does not dominate
its relevant market segment of interest (Griffin and Ebert, 1999) Unemployment
is undoubtedly a big challenge to any government, development planner the
private sector and society at large. This is why it is very important to pay
particular attention to the creation of employment because according to Tomori
(1998), the consequence of unemployment (whether prolonged or short-term),
leaves a scar on every individual, family or country that is faced with the problem.
In the first instance, the degree of frustration
and poverty experienced by the unemployed person who is willing to work but
cannot find a job is considerable. His or her frustration could be transformed
into violence or crime, which in-turn whether collective or individual can
shake up any political system and cause instability. Second, the loss of income
to individuals and households is equally great; the under-utilization of labour
resources create poses a difficult problem for society in terms of the wastage
in manpower resources which may have probably been expensively trained. Small
business enterprises have been favored as institutions that are capable of
providing solutions to the high level of unemployment menacing the country.
Small business enterprises is an independent business which is managed and
which does not dominate its relevant market segment of
interest, managed by its owner or part owner and has a small market
share (Bolton Report, 2006).
Today, the unemployment problem has eaten even
deeper into fabrics of the Nigeria
society and threatened her
economic growth, much more than was bargained for and has left little to be
desired indeed, the situation has deteriorated to the level that graduates of higher institution
spend up to three to four years at home
after graduation without any sign of “white-collar” jobs coming their ways,
thus, it has been argued that people who lose their jobs or are prematurely
relieved from active civil service, pensioners delinquent youths, unemployed
graduates even suffers of HIV/AIDS, all of these groups, and many others, could
solve their problems of unemployment by starting a business of their own in the
small business enterprises (SBEs).
Small business enterprises believed to be the
engine room for the development of any economy because they form the bulk of
business activities in a growing economy like that of Lagos State. This is
manifested in the following ways.
1. Employment generation capacity of about fifty
percentage of global working population
2. Small business enterprises constitute major
avenues for income generation and participation in economic activities in the
lower income and developing societies.
3. National economic development prospects hangs on
entrepreneurial energy of vibrant small business as most big business concern
grew from small scale to become big icons.
4. As they grow they protect nations from the
geographical cost benefit permutations of a few multinational who are ever
prepared to close up their business and relocate at the slightest provocation
or appearance of economic downturn.
1.1 STATEMENT OF THE PROBLEM
For any economy to be developed, people must be
prepared to place their money or resources on short-term and long term investment
and bear business risks. In Nigeria,
there was lack of authentic up to date information on the role played by small
Business Enterprises towards economic growth and development and most
especially through creation of job opportunities for the people (AJALA E.M
The irregular government policies, poor financial
aid and poor infrastructural problems that ginger the cost of production, make
the small business enterprises to be
baffling with survival rather than creation of employment as expected. As a
result the researcher intends to find out at what rate has SBEs in Nigeria
1.2 OBJECTIVES OF STUDY
The major objective of this study is to determine
the role played by small business enterprises in generating employment
opportunities for the people of Lagos State in order to enhance the growth and
development of the economy.
1. To examine the extent to which small business
enterprises creates employment opportunities in Lagos State.
2. To study the mechanism that assists and support
small business enterprises and their contribution to employment generation.
3. To examine how small business enterprises create
employment opportunity in the manufacturing sector.
4. To know if financial institutions encourages small
business enterprises to achieve its predetermined objective.
5. To study if infrastructural provision helps small
business enterprises to grow in Lagos State.
1.3 RESEARCH QUESTIONS
what extent has Small Business Enterprises create employment opportunity in
2. How does Small Business Enterprises improve
the standard of living of average Nigerians?
3. Does financial institution help Small
Business Enterprises to achieve it predetermined objectives?
4. To what extent has Small Business
Enterprises help to reduce unemployment rate in Lagos State?
5. How does infrastructural provision help
small business enterprise to grow in Lagos State?
Ho: Small Business enterprises have no positive
impact on employment creations in Lagos State.
Hi: Small Business Enterprises have positive
impact on employment creations in Lagos State
Ho: The availability of infrastructural provision
on Small Business Enterprises would not have any impact on employment
generation in Lagos State.
Hi: The availability of infrastructural
provision on Small Business Enterprises would have impact on employment
generation in Lagos State.
1.5 SIGNIFICANCE OF THE STUDY
The significance of this study is very important
to individual or groups, firms, and the nation at large. The following were
some of the importance of this study?
1. The study would assist as to know how small
business enterprise aid in creating employment opportunities in Lagos State.
2. The study would assist individual, firm and the
nation in planning business by revealing all aspects of the intended business.
3. The study would also aid prospective investors to
fulfill the requirements of small business establishment.
1.6 SCOPE AND DE-LIMITATION OF WORK
The research would be limited to a few selected
Small Business Enterprises in Ojo and
Amuwo Odofin area of Lagos State.
1.7 OUTLINE OF CHAPTERS
Chapter one: Introduced us to the body of research work, in
this chapter various textbooks and journals will be reviews to ascertain
various thoughts on small business enterprises on employment creations in Lagos
Chapter Two: The means of literature review will be majorly
through textbooks and journals to get a grasp of what small business
enterprises is all about and how it leads to employment opportunities.
Chapter Three: research methodology is the term on how research
will be carried out the primary and secondary data, research design will be
adopted, and this will involves acquisition of various and relevant information
concerning small business enterprises and employment creations in Lagos
Chapter four: Data Analysis and interpretation is based on
presentation of data, analyses and results testing of hypotheses and discussion
for results. It explains how facts will be analyzed using statistical
Summary and conclusion of main findings and recommendations will take place