An Evaluation Of The Impact Of Small Scale Business On Economic Development Of Nigeria (A Case Study Of Sawo Industry, Ilorin)

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An Evaluation Of The Impact Of Small Scale Business On Economic Development Of Nigeria (A Case Study Of Sawo Industry, Ilorin)


 

Table Of Contents


  • Title Page
  • Certification
  • Dedication
  • Acknowledgement
  • Table of Content

Chapter One

Introduction

  • 1.1 Background to the Study
  • 1.2 Statement of the Study
  • 1.3 Aims and Objective Of the Study
  • 1.4 Significance of the Study
  • 1.5 Scope of the Study
  • 1.6 Limitation of the Study
  • 1.7 Research Methodology

Chapter Two

Literature Review

  • 2.1 Concept of Small Scale Business
  • 2.2 Small Scale Business in Nigeria
  • 2.3 Conceptualization Economic Development
  • 2.4 Relevance of Small Scale Business in Economic Development
  • 2.5 Types of Small Scale Industries
  • 2.6 Sources of Financial Small Scale Business
  • 2.7 Problems of Small Scale Industries in the Development Process.

Chapter Three

Research Methodology

  • 3.1 Introduction
  • 3.2 Research Study Area
  • 3.3 Research Population and Sample
  • 3.4 Research Instrument
  • 3.5 Validity of the Instrument
  • 3.6 Administration of the Instrument
  • 3.7 Method Of Data Analysis.

Chapter Four:

Presentation and Analysis of Result

  • 4.1 Introduction
  • 4.2 Preview of the Questionnaire Administered
  • 4.3 Presentation of Result

Chapter Five

Summary, Conclusion and Recommendation

  • 5.1 Summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • Reference
  • Appendix

 


Chapter One


Introduction

1.1 Background of the Study

The guest for economic development ensure overall improvement in individual well being of citizen as been the pre occupation of every nation. The process involves a number of approaches. One of these is the adoption of an industrialization strategy at a point in time relevant to the prevailing needs of development. Developing countries are under much pressure in this regard because of their general peculiar features which among other include concentration of high proportion growth low level of savings, general poverty of various dimension, poor credit and marketing facility etc (on wumere, 2000)

In fact many developing countries have attached high priority to the industrial sector in their development plans possibly as a result of their attraction to many development theories that have tended to see industrialization as the gateway to modernization Nigeria, like many of them had on gaining political independence, adopted import substitution as her industrialization strategy. Thus should not be surprising, because even as at today. Most of the rich advanced countries are rich because they are industrialized.

Incidentally, the past policies and strategies failed to generate self sustaining growth largely because of their reference establishment of large scale firm. Resources (human and material) had largely idled in the face of mounting problems

Since the 1970s, therefore, developing countries have been compelled, in the face of thus problems to look for alternative approaches to development. One of these approaches has been the redirection o f efforts and encouragement of small and medium scale enterprises (SMES). Since the introduction. However, the role of small scale industries on the economic development of Nigeria has help the economy to improve to a maximum level unlike when Nigeria use to import all her need from the overseas countries which of course made the economy worse that time (Oshagbemi, 2000).

The contribution of SMES to the development process are such that any country are such that any country can only ignore its own peril. Hence, there is need to evaluate the impact of small scale business on economic development


1.2 Statement of the Problem

Development strategies in the past had favoured large scale concerns which had not yielded much desired not returns to their economic. The quest for economic development to ensure over all improvement in individual well-being of citizens then become the occupation of every nation, hence an attempt to incorporate the small and medium scale industries then become important with the incorporation, has thus been able to foster economic development in the Nigerian own situation? This become a problem which this study tries to proffer solution to, so as to evaluate its importance on the economic development of Nigeria.


1.3 Objective of the Study

The major objective of carrying out this research is to evaluate small scale industry impact on the economic development of Nigeria.

I will also focus on the following areas

  1. To identify constraints such as fund and management of SMES
  2. To identify strategies that would be used in operation of MES in kwara state
  3. To examine the economic potential of SMEs on gross domestic products and creations
  4. To establish the importance of SMES as an option of economic developing recovery growth in Nigeria.
  5. To identify the role played in government towards the promotion and developing of SMEs
  6. To examine and identify the constraints such as funding and managing of SMEs

Finally, the research work will lay emphasis on the various agencies established by government to promote small- scale industries in Nigeria.


1.4 Significant of the Study

The research work carried out on the evaluation of small scale business on the development of Nigeria is of significant important to the academic world in various institutions.

The study is also helpful to small scale business enterprises as it would burden their knowledge efficiency and effectiveness in small scale business management.


1.5 Scope of the Study

The research topic is so wide and broad but in order to make the study more easier in carrying out explicitly, we have based our research on Sawo industry as our case study.


1.6 Limitation of the Study

in the process of carrying out this research project, there were some problems being encountered such as unavailability of fund to really carry out the unavailability of fund to really carryout the research work so extensively on time.

Secondly, this was the problems of time constraint which made it impossible to travel wide to obtain some important document and information that could serve as useful guide on the topic and study.

Another problem encountered was the delay in administrating the questionnaire. It took a relentless effort before I could get in touch with some of the upper management of the organization due to security constraints.


1.7 Organization of the Study

The research project is grouped in to five chapters. The first chapter comprises the introduction, statement of problem, objective of the study, significance, scope, limitation, research methodology and organization of the study.
The second chapter comprises of the literature review chapter three contains the research methodology while chapter four deals with analysis and presentation of data and chapter five give the summary conclusion and policy recommendations.


Chapter Five


Summary, Conclusion and Recommendation

5.1 Summary

This study examine the role of small scale industries in the growth and development of the state economy. The study explain vividly the role of small scale industries in the economy and see that role in the economy.

Can never be left aside for any economy to grow the study also see that despite the roles that the small scale industries play in enforcing economic development in the stat.

It is still face by some draw back such as finance, government policy and other problems which have affected their growth.

Based on the findings however, it is clear that small scale industries is necessary for economic growth and development and as a results there is need for ensuring that all its necessary means it need to grow should be done since it will help reduce huge unemployment and gave way for economic growth


5.2 Conclusion

The role of small scale in enforcing economic development have been known for long despite the neglect of these sector before. This study, which was carried out in order to examine the role of SMEs in the growth of the economy clearly find that SMEs play a significance role in the economy despite the problem that sometimes affect their growth in the economy.

The study therefore concludes that for effective performance of the economy and reduction in the right rate of unemployment the need to ensure or encourage the growth of SMEs are needed in the state


5.3 Recommendation

Based on the conclusion and recommendation of this study, it is clear that SMEs play a significant role in ensuring economics development. As a result of these the study recommends the followings.

There is need for adequate financing of the private industries through loan and other subsidies that will ensure their growth.

The rate of interest been changes on the sector need to be reduced whenever they need loan.

Government of the state should encourage private public participation as this will help boost the growth of the sector.

Adequate monitoring of the sector is needed so as to ensure well market for them.

The need to ensure that low collateral securities are required from the private sectors wherever they need loan is also essential.


An Evaluation Of The Impact Of Small Scale Business On Economic Development Of Nigeria (A Case Study Of Sawo Industry, Ilorin)


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