ROLE OF SMALL & MEDIUM SCALE ENTERPRISES IN THE NIGERIAN ECONOMY

Code: 326ACDB1C9852022 Price: 4,000 75 Pages Chapter 1-5 32 Views

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ROLE OF SMALL & MEDIUM SCALE ENTERPRISES IN THE NIGERIAN ECONOMY

ABSTRACT

There is no doubt that Nigeria as a nation, since attaining independence to 1960 has tried out various economic policies in a bid to achieve meaningful economic development. Most of these policies, one must say, are centrally planned and government dominated. The resultant impact of this excessive government domination of the economy left much to be desired leading to massive divestment in the 1990â€™s by the government. This is done under the economic policy of "privatization and commercialization".

This shift emphasis thus created a challenge of building capable, dynamic and resourceful entrepreneurs to take the baton of economic revitalization from government. These entrepreneurs incidentally have to fulfill this onerous task through the establishment pf business that could mainly be classified as small and medium scale in nature. It is pertinent to add here that the aforementioned task is a difficult one for obvious reasons. For one, the dwindling state of the economy has made it difficult for people to save and thereby little capital accumulation for investment. Further our private sector is long undeveloped making experienced entrepreneur and small business managers scarce.

There is a growing consensus among policy makers, academia, industrialist and economic planners, that the development of local entrepreneur and encouragement of the establishment of small and medium scale business is the only penance to our economic planners. The conclusion came as a result of over three decades of positioning government as the sole provider of all that makes life worth living, basic infrastructures, public utilities, good roads and services. Etc.

It was discovered that the return for the huge investments made into it are gross inefficiency massive unemployment, dwindling foreign exchange earnings, epileptic supply of utilities etc. The foregoing led to the adoption of structural adjustment programme (SAP) and subsequent deregulation exercise. The later shifted it from government to private entrepreneurs who are expected to establish small and medium scale business as a more efficient substitute to providing the needed catalyst towards our economic engineering.

TABLE OF CONTENT
TITLE PAGE                               II
APPROVAL PAGE                           III
DEDICATION                               IV
ACKNOWLEDGEMENT                       V
ABSTRACT                               X
TABLE OF CONTENT                           XIII

CHAPTER ONE
1.1   Introduction                           1
1.2   Purpose of the study                       4
1.3   Research questions                       5
1.4   Statement of hypothesis                   6
1.5   Significance of the study                   7
1.6   Scope of the study                       9
1.7   Limitation of the study                       9
1.8   Definition of terms                       11

CHAPTER TWO
2.1   Literature review                           16
2.2   Historical review of small and medium scale enterprises in Nigeria (SME)                           17
2.3   Critical definition of small and medium scale enterprises (SME).                               22
2.4   General characteristics of small and medium scale enterprises.                           30
2.5   Role and importance of SMEs               35
2.6   Problems of SMEs                       40
2.7   References                               58

CHAPTER THREE
3.1   Research design and methodology           59
3.2   Location of data                           60
3.3   Population                               60
3.4   Instrument of data collection                   61
3.5   Validation of instruments                   61
3.6   Reliability of instrument                   62
3.7   Treatment of data                       63

CHAPTER FOUR
4.1   Data presentation and Analysis               65

CHAPTER FIVE
5.1   Findings, conclusion and Recommendation        98
5.2   Summaries of finding                       98
5.3   Conclusion                               100
5.4   Recommendations                       102
Bibliography                            105

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