CONTRIBUTION OF BUSINESS SUPPORT SYSTEM TO ENTREPRENEURIAL DEVELOPMENT A CASE STUDY OF INDUSTRIAL DEVELOPMENT CENTRE, ENUGU

ABSTRACT

Contribution of Business support system in entrepreneurial has highlighted its contribution of business support of small scale business and has helped to trance productivity, increase self reliance and employment opportunities.

Support systems like, the Central Bank of Nigeria (CBN), Nigeria bank for commerce and industry (NBC) National Directorate of Employment (NDE), National Economic Reconstruction Fund (NERFUND), Industrial Development Centre (IDC).

These support system and organisation has realty helped in improving the small scale business and has helped to develop entrepreneurial development. In analyzing the research work properly, the researcher analyzed the research chapter by chapter.

Chapter one is all about the introduction of the research of which states the background of the study, significance of study, the scope and limitations of the study and all other organisation and Definition of terms, the researcher used in the research.

Chapter two of this research is reviewing the related literature of the work that is enhancing the entrepreneurial developments in the country. The relevant of the small businesses to the Nigeria economy, its contributions to entrepreneurial.

Chapter three, of the research is all about the design and methodology of the research that is the design area of the study, population, sampling and sampling procedure, types of data used, location of data, research instruments, procedure of dta gathering, method of data analysis.

Chapter four of the research is about presentation and analysis of data that is how to present the data and analyse all the data collected.

Chapter five, which is the final chapter is about the summary of the researcher findings, recommendation and conclusion of the research works and finally references that was used.

TABLE OF CONTENTS

Title Page II

Approval page III

Dedication IV

Acknowledgement V

Abstract VII

Table of contents IX

CHAPTER ONE

Introduction 1

Background of the study 1

Statement of the study 4

Purpose of study 5

Significance of study 5

Scope and limitation of study 5

Research questions 7

Organisation of study 7

Definition of terms 8

CHAPTER TWO

Review of related literature

Preamble 10

Review of definitions 11

The relevance of small scale business to the Nigeria economy. 16

Credit schemes for small scale industries 24

Problems of small scale businesses 33

The contribution of business agencies in sourcing for entrepreneurial 39

Support systems and entrepreneurial development 43

Industrial development centre (IDC) and entrepreneurial development 54

The types of support given to (IDC) industrial development centre 56

Entrepreneurial development in Enugu state 60

CHAPTER THREE

Design and methodology

Research design 63

Area of study 65

Population 65

Sample an sampling procedure 65

Types of data used 66

Location of data 67

Research instrument 67

Procedure for data gathering 68

Method of data analysis 68

CHAPTER FOUR

Presentation and data analysis

General information 71

Presentation and analysis of data 72

CHAPTER FIVE

Summary of findings, recommendations and conclusion.

Summary of findings 88

Recommendations 89

Conclusion 92

Suggestion for further research 93

BIBLIOGRAPHY 94

Questionnaire 97

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The goal or desire of any nation is to achieve its economic growth and development. For the Nigeria government, employment provision for all and reasonable development of all localities are certainly not feasible within the limited government structures and establishment. The federal government therefore considers the active participation of the private sector especially at the grass root as the most viable means of achieving the development and job provisions. Hence, in its second and third national development plan, the federal government adopted the policy of giving active support to the promotion and development of small and medium enterprises on the country.

However, are would want to know what entrepreneurial development is all about. According to some writers, especially in the written work of H. O. Amaechina “entrepreneurship concept of small business management”, entrepreneur. So defined as the willingness and ability of an individual to seek out investment opportunities, establish and run the enterprise successfully. Thus entrepreneurship is associated with different kinds of activities that has to do with the establishment and operation of business enterprises. Such activities may include;

Identification of investment opportunities.

Deciding what opportunities to exploit for profit.

Promotion and establishment of the business enterprises.

Pooling of the various scarce resources needed for production and distribution of good and services.

Organisation and management of the human and material resources for the attainment of the objectives of the enterprise, risk bearing and innovation.