THE ROLE OF SMALL SCALE BUSINESS IN ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA (A CASE STUDY OF SOME SELECTED SMALL SCALE BUSINESS IN ILORIN, KWARA STATE)

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PROPOSAL

The aims and objective of this project is to explain the role of small-scale business in economic growth and development in Nigeria.

The dynamic role of small-scale business as an engine of growth in developing has been recognized in discussing the topic.

Chapter one of this project will base on this topic, instruction which examines the topic, the identification of problems, objectives of the study, scope and limitations of the study, the significance of the study and the development of small-scale enterprises will be explained.

Chapter two emphasis on the literature review, the characteristics of small-scale enterprise, the roles of small-scale enterprise in promoting economic development.

The third chapter in this project will describe the research methodologies which are basically questionnaires, interview, the samples and sampling technique, the procedure for data analysis and the limitation of the methodology. It also stated the characteristic of the study population.

The fourth chapter will treat the data presentation and analysis.

The summary of findings, conclusion and adequate recommendation with suggestion for further study will be found in chapter five of the study.

TABLE OF CONTENTS

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGEMENT

PROPOSAL

TABLE CONTENTS

CHAPTER ONE

  1. Introduction
  2. Identification of Problems
  3. Objectives of the Study
  4. Scope and Limitations of the Study
  5. Significance of the Study
  6. Development of Small-Scale Enterprises

CHAPTER TWO

  • Literature
  • Review of Related Literature
  • Characteristics of Small-Scale

CHAPTER THREE

  • Research Methodology
  • Introduction
  • Sources of Data
  • Characteristics of the Study Population
  • Samples and Sampling Techniques
  • Data Collection Instruments
  • Administration of Data Collection
  • Procedure for Data Analysis
  • Limitation of the Methodology

CHAPTER FOUR

  • Data presentation and Analysis
  • Data Presentation
  • Data Analysis

CHAPTER FIVE

  • Summary of Findings
  • Conclusions
  • Recommendations
  • Suggestions for Further Study
    REFERENCES

APPENDIX I

CHAPTER ONE

1.0 INTRODUCTION

The dynamic role of small-scale business as an engine of growth in developing countries has long been recognized. It acceleration effect in achieving macro object, such as full employment, income distribution and development of local technology as well as diffusion of management skills and stimulation of indigenous entrepreneurship have been well documented in economic literature. In Nigeria, the small-scale business sub-sector has been expanding, especially since the mid-1980s following the introduction of SAP which forced many large enterprises to lay-off large proportions of their work force. The sector account for about 70% of industrial employment, chains World Bank (1995).

The thrust of this research is to review the experiences of other countries in economic growth and development through small-scale business and proffer a way forward for Nigeria.

One major lesson Nigeria has learnt is putting the private sector at the centre of growth, while the government concentrates on what t is best suited to do. Creating the right environment for business to thrive.

This should translate into faster and make stable growth.

This sector offers the best promise of sustainable economic growth to any nation because of its inherent ability to:

a.      Tap into people’s capacity for creativity and resourcefulness.

b.     Achieve higher managerial efficiency and wealth creation.

c.      Strike reasonable balance between risks and returns in virtually all cases of resource deployments.

d.     Create employment, especially at a time when the public sector in most African countries s downsizing.

e.      The wrong attitude of government business is nobody business has no place in the private sector.

1.1     IDENTIFICATION OF PROBLEMS

I found out the Nigeria has been having the problem relating to poor standard of living of the people for the past years ago with clear observation, the economic recession that had lead to depression of growth and development is partly due to any factor, like lack of qualified personnel, modern technology etc. and also lack of effective institutional framework to promote and develop small-scale enterprises n Nigeria and inherent in consistently of government policies towards promotion and developing small-scale enterprises are attributable to poverty situation in Nigeria.

I also discovered that before the structural adjustment policy programmes of the Federal government, there has been so much unemployment to the extent that the large population so much dependent on import substitution industries which are based on a large scale.

Thus, I believe my contribution is necessary by focusing my attention to this important areas looking more promotion and development.

It is the view that dragged me to up an idea of researching on the role of small-scale enterprises in economic growth and development in Nigeria that I found out that above problem are the cases of setback in small-scale enterprises, which is adversely affecting the growth and development in Nigeria.

THE ROLE OF SMALL SCALE BUSINESS IN ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA (A CASE STUDY OF SOME SELECTED SMALL SCALE BUSINESS IN ILORIN, KWARA STATE)