The Problem Of Small Sickle Industries In Enugu State

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The Problem Of Small Sickle Industries In Enugu State


Abstract


This study. The problem of small sickle Industries in Enugu state. This is an attempt to present the framework which will help the enter pries and the mode and the need for financing them and the special problems those inhering may face with Inadequate financing and assistance.

In terms of organization, this work is divided into three chapters. Chapter one is the introduction and analysis including the background of the study statement problems.

Chapter two deals with Literature review relevant on the subjects writhen by fellow students, well respected authors and opinion on the related journals and newspaper.

Chapter Three form the conclusion Data collected were presented, analyzed and interpreted, Recommendation and suggestion for further research.


Chapter One


1.0 Introduction

1.1.Background of the sub- matter

The word Industry has several different meaning. Sometimes

We speak of Industry as referring only to the manifesting of goods and thus being different from aquaculture and trade.

The term Industry is also used to refer to certain types of Inductile activates in the sense that an Industry is taken to mean a group of enterprise for Industry, the automobile Industry, the banking Industry, textile Industry and so on, Each Industry is based on Lab our specialization Individuals who are experts in particular fields strives towards Improved skill and efficiency in providing particular goods and seines. But in this research, Industry will be treated in the broadest sense including all the activates which provide us with the things we want and need, that is agriculture. Trade, mining, banking, semi- manufactory, transportation, Commune action and building.

Industries may be classified in different ways depending on the purpose for which they are Intended for Instance their closeness to the national resources or raw material out of goods are to be produced.

However, in the research Industry are classified into the three small medium and large scale Industries. This classification varies from country to. Even within a country there is no hard and fast rule for hence each country could classify industries to meet the objective being paused.

Many definitions have been given a small-scale industry. These we optically examined later that small scale is retentive concept because what is small in a particular situation many not be considered small inn different situation as regards larges scale enterprise. However, small and medium scale enterprise are expected to play a vital role in Nigerian Industrial development and the industrial sector based on the capital strength and degree of the industry.

In Nigeria much emphasis has been placed on small scale industries, a key to industrialization of the country. In this regard, the federal government has been in forefront by promoting the industry by granting them lots of incentives as stated below.

Government always gives allocation to some small scale industries which hence been established in contain areas for example the 2nd National Development plan for 1970-1974 and so on. In order to develop their countries which provide extension services in terms of technological advice to the small scale industries in their area of jurisdiction.

In 1984, the central Bank of Nigeria issued directive to the commercial Banks to reserve a mums of 16% for their loan, packages for the small scale industries. Defaulters were punished. There and other commendable moves have been made to ensure the sustained growth of small scale enterprise in the country.

Finally, t hey appears marvelous but there is a significant lack of realism in their practices. It is a known fact that government always has good intension when formulating any policy and during its implementation. It is very important to note that this study sticky dwells on the family Joy production small scale industry, its enterprise in Agriculture, transportation and trade. Industries. These industries. These industries have its own background that we are going to deed on.

The family joy product industry limited Enugu is an indigenous company specifically concerned with the business of bakery, under bakery section, they produce bread lives: family Joy Royal, festival, Perstoge and Teat time Bread.

The company was incorporated in 1989 and started production in Jan 1990. The company has Mr. Osmond Wze as its chairman and managing Director. Family Joy product emphys about 120 workers and is financed with personals savings of the owner and loans from commercial banks.

They sell their products on daily basis and their area of operation is local basis. Their daily productions on bread ranges from 600 t0 2000 loaves of bread depending on the demand for the day. Them, if move capital is available, the management may consider going into the manufacture of another product live altogether.

To increase the market share of their products, the company is contemplation on opening depots in some other commercial towns like Aba, Ointsha, lagos state. The opening depots will help the factory to have more sales and increase their daily production. They are also planning to go international if additional capital is obtained.

Family joy industry is located at No. 18 hgbence Abakapa Nike Enugu. Family joy industry Enugu is one of the leading companies in confectionaries here in Enugu. Family joy is faced wish the following problems.

Inability of the company to sourced funds externally due to lack of security. As a result, the company has continued to rely on personal savings and internally generated revenue as their main resource of capital. This has remained inadequate.

Secondly, family joy products industry fails to keep proper records of their transaction as a poly top defraud the company.

Thirdly, lack of finds has also prevented the company from the desired market perpetration and outreach to the consumers. Insolently also precluded the company from effective promotions and advertisement of their products.

Finally, remuneration to the workers is another problem that is facing the campaign. As a result of its limited scope and coupled with the fact that the company is not a quoted company, the level of its remuneration to staff has adversely affected the recruitment of specialist staff in the company. The company’s condition of seine is not such that caters adequately for its staff problems and as such has attracted less qualified workers to cater for its administrative needs.


1.2 Problems Associated With T He Sub-Metter

  1. Family joy industry limited Enugu found it difficult to source funds externally because of lack of security, which appreciated with time. As a result the company relied on personal savings and internally generated revenue as main source of capital that had remained inadequate.
  2. Family joy product did not keep proper record of Evanscation as a ploy to defraud the company.
  3. Lack of funds prevented the company from the desired market penetration and outreach to the consumer’s insolvency also precluded the company from effective promotion and advertisement of their products.
  4. Inability to remunerate their staff min part with what is obtainable in similar establishments adversely affected the recruitment of qualified staff.

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Frequently Asked Questions


How to avoid the problems of small scale industries?

Measures to Avoid the Problems of Small Scale Industries. 1. Problem of Finance: The most important problem faced by these industries is that of finance. The financial position of SSIs is a part of the wider problem of capital scarcity in the economy as a whole.

What are the problems faced by small Indus­tries?

Small industries have to pay local and other taxes which result in raising the sale price adversely effecting the marketability of their goods. There is no uniform tax policy throughout the country in this regard. Small indus­tries have to face competition from well organised large scale industries.

What are the main problems faced by small scale textile industry?

For e.g., Cotton traders supply cotton on the condition that the weavers will sell the cloth to them at lower rates. Small scale units also face problems of shortage of raw materials due to various reasons like natural calamities, transport problems and industrial strikes.

Are small scale industries suitable for anciliarisation?

Even the Small Scale Industrial Policy has not identified the industries which are suitable for anciliarisation and sub­contracting to exploit economies of scale and to enhance the competitiveness of small scale units. In addition to the problems enumerated above, the small scale industries have been constrained by a number of other problems also.

What are the problems of small scale industries?

Some of the problems of small scale industries are:- 1. Problems of Finance 2. Problem of Raw Materials 3. Problems of Marketing 4. Dealing with Government Agencies 5. Export Difficulties 6. Inefficient Labour 7. Defective System of Supply of Raw Materials 8. Absence of Credit Facility 9. Lack of Machinery and Equipment 10.

Are small scale industries suitable for anciliarisation?

Even the Small Scale Industrial Policy has not identified the industries which are suitable for anciliarisation and sub­contracting to exploit economies of scale and to enhance the competitiveness of small scale units. In addition to the problems enumerated above, the small scale industries have been constrained by a number of other problems also.

How to motivate the small-scale sector to produce high quality goods?

Therefore, the main aim should be to motivate the small-scale sector to produce high quality goods by providing them necessary financial assistance, raw materials, technical guidance, marketing assistance, etc. The Small-Scale Units are faced with the problems of scarcity of raw materials.

What are the strategies for the development of small scale industry?

With full advantages of changing technique of production, dispensation of technical knowledge, both to the small-scale entrepreneurs as well as their workers, should form an essential element of the overall strategy. Provision of adequate facilities for industrial education and training, therefore cannot be over-emphasised.

What are the problems faced by small scale industries in India?

Therefore Small Scale Industries have to now counter the twin forces of competition from Indian large scale enterprises as well as foreign competitors. The following are the problems faced by Small Scale Industries: 1. Poor capacity utilization

What are the major business problems faced by small businesses?

One of the major business problems faced by small businesses is lack of proper marketing. When you establish your business, you are not provided with a notebook explaining all the A-Zs of marketing and mareting strategy for your business.

What are the problems of cottage and small scale industries?

There are other problems of cottage and small scale industries such as lack of skilled manpower, lack of modern technique of production, lack of fuel, no diversification in production, etc.

What are the problems faced by large scale industrial units?

These units have to face numerous problems like availability of inadequate quantity, poor quality and even supply of raw material is not on regular basis. All these factors adversely affect t e functioning of these units. Large scale units, because of more resources, normally corner whatever raw material that is available in the open market.

What are the problems faced by textile workers?

1 Exposure to Toxic Chemicals. Workers in the textile industry are exposed to dangerous chemicals. … 2 High Noise Levels. … 3 Poor Working Conditions. … 4 Working Conditions Can Cause Bad Ergonomics. … 5 Cotton Dust Can Cause Breathing Problems. … 6 Waste in the Industry. …

What are the problems faced by small scale industries in India?

Therefore Small Scale Industries have to now counter the twin forces of competition from Indian large scale enterprises as well as foreign competitors. The following are the problems faced by Small Scale Industries: 1. Poor capacity utilization

What are the problems faced by cotton industry?

There is a shortage of raw material, particularly of long staple cotton, which is imported from other countries. 2. We use old and obsolete machinery. 3. The cotton industry is facing tough competition from the fibre industry. Was this answer helpful?

Why are small scale industries not able to compete with large companies?

Many Small Scale Industries are not able to match the pay and benefits offered by large enterprises, because their revenues and profitability are low and also uncertain. This leads to labor problems.

What is a small scale industry example?

Small Scale Industries. Small scale industries (SSI) are those industries in which manufacturing, providing services, productions are done on a small scale or micro scale. For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens. Small scale industries play an…

What are the handicaps faced by small scale industries in India?

One of the handicaps faced by small-scale industries in India has been the lack of well-developed space with the necessary infrastructure for carrying on their manufacturing operations. In order to overcome this problem, the Government of India launched the programme of setting up industrial estates in 1955.

What are the advantages and disadvantages of small scale industries?

The advantages and disadvantages of small scale industries are detailed below. 1. Niche charm: Something made by a small scale producer feels much more special and unique than something that has been churned out along with thousands of identical items in a large factory. 2.

What are small scale industries (SSI)?

Small scale industries (SSI) are those industries in which manufacturing, providing services, productions are done on a small scale or micro scale. 

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