The Role of Small Scale Industries on the Economic Development in Nigeria (A Case Study of Hardis and Dromedas in Emene, Enugu State)
CHAPTER ONE
OBJECTIVES OF THE STUDY
The study seeks to find out:
- The extent to which is necessary for the government to support the small and medium scale Industries.
- Examine the effectiveness and ineffectiveness of the various government or environmental issues like financial institutions; power sectors and level of corruption in the stage.
- To determine the role and importance of small and medium scale Industries in the economic development.
CHAPTER TWO
LITERATURE REVIEW
INTRODUCTION
This chapter deals with available literature relating to the topic of this project the role of small scale Industries on the economic development in Nigeria (A Case study of Hardis and Dromedas, Emene Enugu state) in order to ascertain its strength and relevant to the study.
DEFINITIONS OF SMALL SCALE INDUSTRIES
Clearly understanding of the term business is highly essential, before any insinuation on small scale Industries as it were. Therefore, “business in any insinuation on small business is any purposely activity.
According to Osuagwu (2001) small scale involves the use of human and non-human resources towards the achievement of set goals and objectives.
Hence, in 1995 the central bank of Nigeria in its credit guideline position that small business Industries is any business organization with an annual turnover of less than N500,000.
According to Osuagwu (2001), small scale Industries in Nigeria are classified with regards to employed labour force and capital investment by the national council industry. Via the express on above, it is obvious that small scale Industries those businesses with low capital, investment, return and also few numbers of employee and most especially manager are also (Osuagwu, 2001).
The most salient features of the small business Industries are personalized management style (Osuagwu 2001). This means that the small business (Industries) entrepreneur activity in managerial activities of his business Industriess, including decision is the source limitation of reluctant resources with regards to management skill human, money and non-human resources.
According to Osuagwu (2001) small scale Industries are relatively simple in structure. Also, few individual are involved in small business management decision making. Additionally; it was pointed out that, their technical needs and want art straighter forward that is it will defined and simple to understand than those of larger companies (Swartz and Boadea (1997), posit that, a small business may be treated as a rational economic entity.
Hence, the depth meaning of this quota, show that small business may be treated as a rational economic entity, hence the depth meaning of this quota, show that small business Industries in an essential sector in the economy of any nation. Its essential fact that, small scale Industries provide 80% of employment opportunities to any nation and more so constitute 70% of the total number of business organization in a particular country. In is way, therefore; managerial activities (for example; marketing d research) in Small Scale Industriesas supposed to be simple and straight forward.
CHAPTER THREE
RESEARCH METHODOLOGY
INTRODUCTION
This chapter is mainly concerned with the study of method that is known as science, thereby research methodology refer to steps used in carrying out a report project where every research conducted scientifically has a framework for controlling data collection.
The frame is due to research design, and their function is to ensure that the required data are collected accurately and economical involves identification of populating determination of sample size method is data collection. This chapter explains how the study is being carried out, the research design sample size, method of data and how data collected were analysed.
CHAPTER FOUR
DATA ANALYSIS PRESENTATION AND INTERPRETATION
INTRODUCTION
The purpose of this chapter is basically to present interprets and analyse data collected. To do this, the data collected which are in appendix are represented in a tabular form and percentages in order to give room for comparison of effects. Again, brief comments were given to support the relevant audience in understanding and appreciating the research work.
Additionally, the summary of the major findings will not be over -emphasized.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
INTRODUCTION
In this chapter, the comprehension summary is based on the findings which will allow the recommendation to be made on the role of Small Scale Industries on the economic development in Nigeria.
SUMMARY OF FINDINGS
This research work is designed to identify the role of small scale Industries on the economic development. They are stated below.
- The first chapter of the research study showed light on the introduction, statement of problem, purpose of the study, research question, hypothesis, significance of study, scope of the study, limitations of the study.
- The second chapter of this study deals framework for the researcher area of importance where extensively deal with, in this chapter such areas include, introduction, definition of small scale Industries, types of with theoretical small business Industries, roles of small scale Industries, causes of small scale Industries failure in Nigeria, marketing management problems of small scale Industries, canning and launching of small business and the Nigerian government participation in small scale business.
- The third chapter discussed through the method and design used in conducting this research projects. It express us to restatement of research hypothesis and research question, sample, method of gathering data, data analysis.
- The fourth chapter deals with the presentation and analysis of the data collected this study as well as findings of the research. The data gathered for this study were arranged in tabular form, expressed in percentage (%) and chi-squares method to test the research hypothesis. The major findings in this chapter are expressed as follows.
- Small Scale Industries plays a vital role on economic development
- Small Scale Industries creates job in the economic development
- Small Scale Industries in the mark—t are the engines of economic development.
CONCLUSION
The conclusion drawn from this research work shows that Small Scale Industries play a major role in the economic development of a country.
Furthermore, it is needless to reiterate that Small Scale Industries have been found useful in many countries of the world and their development should be highly developed. They optimally utilize local input and tend to be more labour intensive in their production processes. They easily absorb surplus labour especially from the small business sector.
- Small Scale Industries generally contribute to the rapid development in the society, Small Scale Industries also useful in the areas of reducing congestion in urban areas; drift by supporting immobility and removes pressure from land.
- Entrepreneurship in an economy; however, to reap from these benefit, entrepreneurship management must be very effective in taking cognizance of the numerous environmental reducing rural-urban territorial factor that influential the performance and activities of these small scale Industries. They :rust take productive measures to adapt to these environments.
RECOMMENDATION
The problems facing small scale Industries as a role in economic development highlighted earlier can be grouped into two major parts viz the management (technical ability) and the government.
The Management
Problem related to management arise from entrepreneur -limited education and training, limited knowledge in project planning and appraisal and little or no exposure to modern technology. Also problem of organized market survey and product distribution channel, poor environmental perception suggested solution drawn from the result of the data are as follows.
- The high rate of failure among entrepreneurship due to poor management that are success bound to poor management that are success bound should endeavour to invest in themselves in terms of acquiring the necessary skills; education and training to successfully manage.
- The use of experts; which permits the distribute in between owner and manager should be highly encouraged.
iii. To meet up with the contemporary global challenges, entrepreneur should upgrade their knowledge in the usage of modern technology.
- The Government
- In countries where entrepreneurship development have made rapid progress; they have been directly or indirectly assisted by the government. This could be achieved through the establishment of department for small scale Industries for small business administrator which will assist small firms in arranging finances and dealing with management.
- The appropriate business Industries that support entrepreneur training and development in academic institution should be matter of exigency.
iii. In most advanced countries where entrepreneurship have faired well, government had taken the bold step of periodically organizing technical training and development of curriculum that support small scale created as a entrepreneurs. This will be in the areas of b-hiding the necessary entrepreneurial skills, and potential updating them in the modern trend of doing business.
SUGGESTION FOR FURTHER STUDIES
To provide an in-depth knowledge of small and medium operation, survival and success in addition to those necessary factor needed to encourage the sustainable growth and development of small and medium scale Industries in the country the following suggestion into further areas of study are as follows:
The effect of supportive policies and protectionist measures as necessary ingredient for entrepreneurs development.
Since the government plays an important part in entrepreneurship success, study should be made into the government role as agent of small and medium scale Industries growth and development.
BIBLIOGRAPHY
- Abdulahi Taiwo Co (1993) Solicitor: Establishing a business in Nigeria 41h edition Lagos academy Press Plc.
- Asika, N. (1991) Research Methodology in the behavioural Science, Lagos: First Published Longman Nigeria Plc.
- Ayozie D. O. et al (1997) Principles and Practice of Marketing for Nigerian
- Students and Managers. Kinsbond Publisher Ilaro, Ogun State.
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- Entrepreneurship Development Programme for Youth Corps Members: NYSC Publication, Lagos Nigeria.
- Fagboungbe, O. B. (2002) Research Method for Nigeria Tertiary Institution 2nd Edition Lagos: Kotled Publisher
- Lawal A. et al (1998) Entrepreneurship Development- in Small Scale Business. Lagos Labson Resource Nigeria Ltd.
