THE ROLE OF SMALL SCALE BUSINESS TO THE NIGERIA ECONOMY DEVELOPMENT

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CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND TO THE STUDY

The Nigeria federal, state and local government have been taking the development of industries as a master of importance. The government is encouraging the establishment of small scale indigenous industries by creating favourable condition to the industrialist especially by granting them short and long term loans. The government also exempts the infant industries from taxation and grant loans to them for further establishment.

In view of the above, it is observed that many industries have been in existence for quite a while. Some of such industries are soap and detergent industry, leather factory, Tailoring, weaving to mention but few. The effort of government in encouraging the citizens of Nigeria to engage upon primitive investment has led to the establishment of many local industries by the people of Nigeria. The government also educates the citizens through social and political means to enhance the nat…

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