THE IMPACT OF SMALL-SCALE ENTERPRISES FINANCING IN IMPROVING THE SOCIO-ECONOMIC WELL BEING OF DELTA STATE

0
187

ABSTRACT

The dynamic role of Small and Medium Scale Enterprises (SMEs) in developing countries have been highly emphasized. These enterprises have been identified as means through which the rapid industrialization and developmental goals of these countries can be realized. This project work explores the impact of SMEs in developing countries. This work ensured from the failure that pervades the small and medium scale enterprises. The methods used for the gathering the data were primary and secondary sources of data. The work revealed that SMEs is the foundation and strength of any economy. That SMEs can employ more than any sector. The conclusion of the study is that small and medium scale enterprises has been identified to be the pivot of industrialization of any country, and it facilitates sustainable growth and development.

 TABLE OF CONTENTS

Title Page =      =      =      =      =      =      =      =      =      i

Certification     =      =      =      =      =      =      =      =      ii

Dedication       =      =      =      =      =      =      =      =      iii

Acknowledgment     =      =      =      =      =      =      =      iv

Abstract   =      =      =      =      =      =      =      =      =      v

Table of Content      =      =      =      =      =      =      =      vi

CHAPTER ONE:      INTRODUCTION

1.0   Background of Study       =      =      =      =      =      1

1.1   Statement of the Problem =      =      =      =      =      2

1.2   Purpose of the Study               =      =      =      =      =      3

1.3   Significance of the Study =      =      =      =      =      4

1.4   Hypothesis       =      =      =      =      =      =      =      5

1.5   Scope of the Study   =      =      =      =      =      =      5

1.6   Limitations of the Study  =      =      =      =      =      6

1.7   Operational Definition of Terms               =      =      =      8

CHAPTER TWO:      LITERATURE REVIEW

2.0   What Constitutes a Small-Scale Enterprises   =      9

2.1   Small-Scale Enterprises Development in

        Delta State       =      =      =      =      =      =      =      14

2.2   The Role of Small-Scale Enterprises in

        Delta State:      =      =      =      =      =      =      =      19

2.3   Sources of Capital for Small-Scale Enterprises        =      26   

2.4   Problems of Small – Scale Enterprises     =      =      28

2.5   The Impact of Small – Scale Enterprises 

        in Improving the Socio-Economic well being of       Delta State:      =      =        =      =      =      =      =      37

2.6   Economic Importance of Small – Scale Enterprises:        39

        References:      =      =      =      =      =      =      =      42

CHAPTER THREE

3.0   Research Design and Methodology: =      =      =      44   

3.1   Population of Study:        =      =      =      =      =      =      46

3.2   Research Instrument:      =      =      =      =      =      46

3.3   Method of Data Collection:      =      =      =      =      46

3.4   Data Analysis and Interpretation:    =      =      =      47

CHAPTER FOUR

4.0   Data Presentation and Analysis:      =      =      =      49   

4.1   Data Presentation Analysis:     =      =      =      =      49

4.2   Testing of Hypothesis:      =      =      =      =      =      50

4.3   Hypothesis:      =      =      =      =      =      =      =      50   

4.3.1        Decision Rule: =      =      =      =      =      =      =      51

4.4   Computed Values of expected frequency: =      =      53

4.4.1        Computed Value of Chi – Square:    =      =      =      53

4.4.2  Cement: =      =      =      =      =      =      =      =      54

4.4.1        Test Statistics: =      =      =      =      =      =      =      55

4.4.2        Decision Rule: =      =      =      =      =      =      =      55

4.4.3        Computed Value of Expected Frequency: =      =      56

4.5   Summary:        =      =      =      =      =      =      =      =      65   

CHAPTER FIVE:

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1   Summary:        =      =      =      =      =      =      =      =      67   

5.2   Findings: =      =      =      =      =      =      =      =      68

5.3   Recommendations:  =      =      =      =      =      =      71

5.4   Conclusion:     =      =      =      =      =      =      =      73

        Appendix:        =      =      =      =      =      =      =      =     

        Research Questionnaire:  =      =      =      =      =      74   

        Bibliography:   =      =      =      =      =      =      =      77

CHAPTER ONE

  1. BACKGROUND OF THE STUDY

        According to Adekunle (2005), the importance of the Small Scale Enterprises to Economic development of any country whether developing or developed cannot be overemphasized.

        Small Scale Enterprises considered to be one of the driving forces in economic development. They stimulate private ownership and Entrepreneurship skill, they are feasible and can adapt quickly to changing market, demand and supply situations they also generate employment, help diversity economic activities and make significant contribution to expert and trade.

        According to the guidelines for accessing credit facilities for Small Scale Enterprises in Nigeria by R.K. Moruku (2002), “There is potential in Small Scale Enterprises to create employment, reduce underemployment and poverty, utilize local raw materials output expansion and transformation of indigenous technology. Others are those to reduce intermediate goods, promote even development and reduce income inequalities. Thus, they constitute a strategic choice in industrialization and economic development, even served as a new development aid model.   

        In view of growing unemployment and poverty including the working poor in Nigeria, the indignity poverty inflicts on and threat to the survival of human kind, no efforts should be spared in nurturing, supporting and sustaining Small Scale Enterprises in Nigeria.

1.1   STATEMENT OF THE PROBLEM         The economy at present needs diversification and expansion.

THE IMPACT OF SMALL-SCALE ENTERPRISES FINANCING IN IMPROVING THE SOCIO-ECONOMIC WELL BEING OF DELTA STATE