TABLE OF CONTENTS
Table of contents
CHAPTER ONE: BACKGROUND OF THE STUDY
1.2 Importance of
1.3 Scope of the
1.4 Statement of
1.5 Aims and
objective of the study
1.6 Limitations of
background of the case study
1.8 Definition of
terms and concepts
Chapter two: Literature review
concepts and its characteristics
roles in development of small scale
analysis of small scale industries
2.5 Sources of
2.6 Eligibility of
small scale industries to government loan
involved in obtaining financial assistance
CHAPTER THREE: RESEARCH METHODOLOGY, DATA COLLECTION AND
techniques (primary data)
3.4 Testing the
CHAPTER FOUR: IMPACT AND PROBLEMS OF SMALL SCALE INDUSTRIES
IN ECONOMIC DEVELOPMENT OF KWARA
4.2 Problems of
small scale industries
CHAPTER FIVE: RECOMMENDATIONS AND CONCLUSION
One of the
prominent features of the economic structure of most developing countries is
the small side contribution to government development plan made by industrial
sector. Consequently, many of those countries are presently faced with problem
of formulating and implementing a well conceived programmed a industrial
development plan that will reverse the unfortunate trend ensuring that this
dream of a perfect, integrate and consistent patter of industrialization is
achieved, such storage must be appropriate to these countries condition and
levels of development. It is in this line that small scale industry has been
recommended to fill the gap.
The theme of
this study is financial problem facing small scale industries is Kwara state.
The study aims at throwing more light on the basic problem facing small scale
industries which is relevant to the Nigeria economy and by viewing the
available source of finance in some small scale industries in Kwara state.
the present economic situation in the country calls for serious attention to be
paid to diversification. A situation where a country depends mainly on a single
product for the foreign exchange earning is dangerous. Hence, any effort to develop
the impact substituting industries should be encouraged small industries
present an opportunity for the country to provide locally and therefore limit
to a considerable extent the drain on our foreign exchange.
measure for developing the rural urban migration should pay a greater attention
to the public and development of the small scale industries.
1.2 IMPORTANCE OF
SMALL SCALE INDUSTRIES
It could be
right to also why the research the study important.
The importance of the study originated from the single fact
that finance is the life wire of any business. It can be looked at as the
ability to purchase things. Finance is sued by a business in its operation just
as much as labour and materials purchasing power can transfer from one person
to another by lending of money and can thus, be supplied to business of a price
just as physical goods and services of labour. Like market and labour finance
should be bought in the favourable market and used in the most effective and
important of small scale industries is better evaluated against the background of the objective laid
up for it in peculiar circumstances prevailing in various countries of the
world especially it’s contribution towards removal of bottlenecks and other
inhibition of industrial growth). Among its very grant importance is its
contribution toward removal of indigenous entrepreneur initiative for modern
industrial development as emerging industrialist build up their potential in
the small scale industries for the greater task of industrial management.
prevalent problems of shortage of funds skilled labour is steamed through the
encouragement and establishment of industries requiring affordable capital and skilled
labour of small scale industries.
of limited market is involved through localization of production centers is
primary market area. The income and therefore effective demand of the people is
increased through increased employment for the rural labour force.
the scheme permits special earliest facilities to be given the establishment
that have nothing to attract the instructional credit agencies and these
facilities the acquisition of machinery raw material factory accommodation as
well as encouraging manpower training.
inform, choice of ambitions industrialist in term of technology industry or
product lines plant size equipment product process will be greatly reduced when
they have personally experienced small specialize industries with requirements
commitment and risk.
techniques are also advanced in the small scale industries to facilitate the
growth of management and marketing potential of indigenous industrialists as to
be able absorb demand change of the growing and complex society.
businesses also pre-empty the used lack of knowledge on standard and appealing
product designs that are common with small scale industrialists of developing
fervently hope that useful ideas would come out for investors on the source of
finance and obtaining some when required.
1.3 SCOPE OF THE
mentioned the focus of this study was financial problem facing small scale
industries in Kwara state the research project examine and studies the related
problem and prospects in the investment of small scale industries in Kwara
state with particular reference to Global soap and detergent industries Ilorin
located in Ilorin the state capital and as a barometer of activities of small
scale industries in other divisional head quarter and in Nigeria at larger.
This research work has therefore enunciated the back problem setting small
scale industries in raising funds to finance its programme.
the questionnaires which have been distributed and filled deals with certain
questions aimed to prove social background of the respondent as it can affect
their business life. Other special questions deal with capitalization staff
straight government role in is development, assistance needs and
have been collected from the ministry or trade and industry, Kwara state
investment corporations federal ministry of trade business registration units
view of the fact that only fifty small scale industries have been served
questionnaire all of which were located in Ilorin Township it was not possible
to make a broad nationwide generalizations of the result obtained.
1.4 STATEMENT OF THE
scale industries are still faced
with many problems which stand
as obstacles to it
rapid growth in Kwara state. The factors which constitute
the main obstacles to the industries growth may be categorized as management,
technical, commercial and financials.
management problem arises from the one stated ability of the manager/owner of
the business or enterprises. The
problem of finding the right success or to
him often his retirement or debt
and the shortage or absence of
staff/officer capable of advising him on
management policies, this limited
education and training and the rural and sub-urban nature of his
functions allocation further deny him access
to modern management limited technical
and possibilities make the risk of lending money to small
industries very high, in return the
shortages of busies capital further
aggravate the technical , commercial
and managerial problems .
managerial and technical problem facing
the small scale industries in the state can be improved
upon if not totally stopped by the
assistance of small scale industrial
credit scheme and industrial
development centre by organizing
training and service.
with the industrial training find for
various entrepreneur in the state
so as to improved and open
them to modern manage and
technical training which
participants of the services in their
industries productivity , also ,
the traditional advice offered but
the industrial development centre will also solve the managerial technical problems of the various in- industry list
and seminars can either be twice or thrice in a years. The financial problems
can actually be reveals even now that
the federal government has reduces the interest
on loan to small scale
industries in the country which
will now encourage many small
scale industrialist to borrow for
industrial development as well as reduce the bottle rock
problem that usually
discharge them from borrowing
either to expand or set a new small scale industry.
trade associations for small business
government and government
subsidized institution technical , financial as commercial information can be made
available to the small scale industries.
banks and various other external advisers
can help as much as possible to fill the
gap in the management function and
contributes to the quality
of decision made and the production techniques adopted
by these industries.
In conclusion, the small
scale industrialist required a
lot of encouragement from financial institution and government given the necessary of Intensive supervision
by a body interested with
control supervision of small scale
industries. They can grow up and contribute immensely to the industrial
and economic growth of the state and
the whole country.