TABLE OF CONTENTS
Title page
Certification
Dedication
Acknowledgement
Table of contents
CHAPTER ONE: BACKGROUND OF THE STUDY
1.1 Introduction
1.2 Importance of the study
1.3 Scope of the study
1.4 Statement of the problem
1.5 Aims and objective of the study
1.6 Limitations of the study
1.7 Historical background of the case study
1.8 Definition of terms and concepts
Chapter two: Literature review
2.1 Theoretical concepts and its characteristics
2.2 Background information
2.3 Government roles in development of small scale
industries
2.4 Location analysis of small scale industries
2.5 Sources of finance
2.6 Eligibility of small scale industries to government loan
2.7 Process involved in obtaining financial assistance
CHAPTER THREE: RESEARCH METHODOLOGY, DATA COLLECTION AND ANALYSIS
3.1 Research methodology
3.2 Questionnaires techniques (primary data)
3.3 Secondary data
3.4 Testing the hypothesis
CHAPTER FOUR: IMPACT AND PROBLEMS OF SMALL SCALE INDUSTRIES IN ECONOMIC DEVELOPMENT OF KWARA STATE.
4.1 Impact
4.2 Problems of small scale industries
CHAPTER FIVE: RECOMMENDATIONS AND CONCLUSION
5.1 Recommendations
5.2 Conclusions
Reference
CHAPTER ONE
1.1 INTRODUCTION
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.
Moreover, 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.
Lastly, any 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 economical ways
Also the 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.
The 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.
The problem 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.
Furthermore, 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.
Also, the 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.
Management 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.
Small businesses also pre-empty the used lack of knowledge on standard and appealing product designs that are common with small scale industrialists of developing countries.
Lastly, 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 STUDY
As earlier 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.
Moreover, 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 recommendations.
