CHAPTER ONE:
INTRODUCTION.
Small-scale industries play a vital role in the Material welfare of many nations today’s especially the developing nations.
They makes specific contributions depending on the form and objectives. Some produces raw materials, distribute products or provide services while others them the raw materials into finished goods or products. The need of most developing countries is to attain self-reliance and resilient economic status capable of generating an internally sustaining growth. Small-scale industries are the roots and pillars upon which h this can be achieved. The activities of any small-scale industry in any give economy cannot be over emphasized especially mow the country is in political disarray and needs be called to orderliness.
Moreover, they provide avenues for the development of entrepreneurial capabilities and managerial skills.
As the business requires low capital for setting it-up, such industries spring up in different parts of the country making maximum use of local raw materials.
Despite the large number of small-scale industries in the country, Common Nigerians, While urban concentration, unemployment and other vices which these industries were meant to eliminate persist.
It is as a result of negative effect in our economy that need for the diversification of economic activities through several ways of reviving the Nigerian economy become comparative one, of which is an effective and efficient role played by small- scale industries in economic development ofNigeria.
1.1 BACKGROUND OF THE STUDY:
In the earning of industries,Nigeriaand other countries were merely producers of raw materials for use in European industries.
While the raw materials which have been turn into the finished goods were more concerned with the maintenance of law and order, and putting in structures for easy evaluation of raw materials than industrizing the colonies
SinceNigerialacked the necessary tools for capital investment, technical and managerial skilled necessary to promote and operate viable enterprises, foreign investors in a bi d to tap the abundant resources in the country took the initiative of establishing small-scale industries.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.