FINANCING SMALL SCALE INDUSTRIES IN NIGERIA (A Case Study of Selected Small Business in Lagos Sub-Urban)
The study was conducted on Financing Small and Medium industries in Nigeria (A Case Study of Selected small business in Lagos State sub-urban).
The roles play by SSEs as been confirmed by this study. It therefore means that the SSEs can be effectively used to improve the country’s employment and growth if the above stated problems that they face are tackled. More activities of the government should therefore be directed to the industry.
The data were gathered through the administration of questionnaire to respondents from different department status in the organization.
The findings of this work do not differ significantly from what have been said by former researcher as reviewed in chapter two of this work. However, this does not mean that further study into this area cannot be undertaken since new facts are emerging every day.
Small Scale Industries do not prepare proper and regular financial report that makes them not to have one for loan purposes. Policy should be put in place to make compulsory preparation of business name so that names of from which do not subsequently prepare financial report may be struck off from the register book.
TABLE OF CONTENTS
TITLE PAGE I
TABLE OF CONTENTS VI
CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF RESEARCH PROBLEM 3
1.3 OBJECTIVE OF THE STUDY 4
1.4 STATEMENT OF RESEARCH OPERATORS 4
1.5 STATEMENT OF RESEARCH HYPOTHESIS 4
1.6 SIGNIFICANCE OF THE STUDY 5
1.7 SCOPE AND DELIMITATION OF THE STUDY 5
1.8 PLAN OF STUDY 5
1.9 DEFINITION OF TERM 6
CHAPTER TWO: LITERATURE REVIEW
2.1 DEFINITION OF SMALL SCALE ENTERPRISES 7
2.2 ADVANTAGE OF SSE’S 10
2.3 ROLES OF SSE’S IN NATIONAL DEVELOPMENT 11
2.4 PROBLEM OF SMALL SCALE ENTERPRISE 15
2.5 CONCEPTUALIZING UNEMPLOYMENT /EMPLOYMENT 17
2.6 ECONOMIC GROWTH 24
2.7 THE ROLES OF SMALL-SCALE ENTERPRISE 27
2.8 FINANCES OF SMALL – SCALE ENTERPRISE 30
2.9 THE NIGERIA BANK FOR COMMERCE AND INDUSTRY (NBCI) 32
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 INTRODUCTION 37
3.2 RESEARCH DESIGN 37
3.3 RESTATEMENT OF RESEARCH QUESTIONS 37
3.4 RESTATEMENT OF RESEARCH HYPOTHESES 38
3.5 THE POPULATION OF THE STUDY 38
3.4 SAMPLE SIZE AND SAMPLING PROCEDURE 38
3.5 SOURCE OF DATA/METHOD OF DATA COLLECTION 39
3.6 METHOD OF DATA ANALYSIS 39
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA COLLECTED
4.1 INTRODUCTION 40
4.2 DATA PRESENTATION AND ANALYSIS 40
4.2.1 TESTING OF HYPOTHESIS 55
CHAPTER FIVE: SUMMARY RECOMMENDATION AND CONCLUSION
1.1 SUMMARY 59
5.2 CONCLUSION 60
5.3 RECOMMENDATION 62
5.4 SUGGESTION TO FURTHER STUDIES 63
1.1 BACKGROUND OF THE STUDY
Interest in the role of small and medium-sized enterprises (SMEs) in the development process continues to be in the forefront of policy debates in developing countries. The advantages claimed for SMEs are varies, this include: the encouragement of entrepreneurship; the greater likelihood that SMEs will utilize labour intensive technologies and thus have an immediate impact on employment generation; they can usually be established rapidly and put into operation to produce quick returns. SME development can encourage the process of both inter- and intra-regional decentralisation; and, they may well become a countervailing force against the economic power of larger enterprises.