Causes Of Failure Of Small –Scale Industry In Nigeria

The Causes Of Failure Of Small –Scale Industry In Nigeria

ABSTRACT

        The aim of this research work is to highlight the problems facing Small-Scale industries in Nigeria. I have briefly in the introductions examined the definitions and roles of Small-Scale industries in Nigeria and the major problems facing them.

I have also endeavored to offer feasible solution to these problems. This study has been divided into five main chapters, in chapter 1, I discussed & briefly the importance of industrialization in fast growing economy like Nigeria. The causes of failure of Small-Scale industries in Nigeria were highlighted.  Chapter two tries to drew attention to the views of different writers, scholar as well as seasoned, and experienced industrialist who wrote or expressed their opinion on the use (causes of failure of small-scale industries in Nigeria. Continue reading Causes Of Failure Of Small –Scale Industry In Nigeria

THE IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE

THE IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE (A STUDY OF ORUMBA NORTH L.G.A).

ABSTRACT

Small scale business play significant impact in the growth and development of any nation both developed and developing countries like Nigeria.   These contributions led to employment generation, increase use of local resource, stimulation of indigenous entrepreneur, narrow market share, and conferment to local community. The researcher injected more light to small scale business which helps in the diversification of an economy, their problems and relevance. The researcher, also highlighted the impact of small scale business in building up an economy and their significance for an effective and efficient economy with special reference to Orumba North Local government area of Anambra state. Small scale businesses continued to grapple with some problems which was amplified by the unstable economic and political environment. This research work evaluated the impact played by small scale business in economic growth and development of a nation and also determined the factors which affected effective development of small business. Secondly, it ascertained the causes of small scale business failures. Finally, the researcher made some recommendations with its perceived factors which affected development of small business. For the purpose of easy understanding, the researcher adopted surely research design in the study. Some objectives research questions and literature review, in order to have an in depth study of the investigation. The population of the study was drawn, one of which the sample size was taken, using taro-Yemeni formula of 1964, for the accuracy of the size of respondents. The sampling techniques was simple random sampling to get at the respondent. Interview was also employed in the study, having administered the questionnaire instrument. The data used in the study was primary and secondary source and data collected from the field work, was analyzed using chi- square, mean scores, table ratings and simple percentage. Major findings are inadequate finance, poor location of business premises, welfare problems and stiff completion among others. The researcher, therefore, recommended that there should be change of public policies and expectations, creation of industrial trust fund, creating avenues for strategic management behavior to monitor a turbulent environment.

CHAPTER ONE

INTRODUCTION

  • BACKGROUND OF THE STUDY

The meaning of the term small scale business varies from one country to another and from one industry to another even within the same country. The United Nations industrial Development organization (UNIDO) has located about fifty (50) different definition of small scale business in seventy-five (75) different countries (Akinrinades, 1989:28) Continue reading THE IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE

IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE

IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE (A CASE STUDY OF AWKA NORTH).

Abstract

Small scale business play significance impact in the growth and development of any nation both developed and developing country like Nigeria. These contribution has led to employment generation, increase use of local resources, stimulation of indigenous entrepreneurs, narrow market share, and conferment to local community e.t.c. the researcher put more light on small scale business help in the diversification of an economy, their problem and important. The researcher also highlight the impact of small scale business in building up an economy and their significance for an effective and efficient economy with special reference to Awka north local government area of Anambra state. Small scale businesses continue to grapple with some problems which is amplified by the unstable economic and political environment. This research work will evaluate the impact played by small scale business in economic growth and development of a nation and also determine the factors which affect effective development of small scale business. Secondary, it ascertain the cause of small scale business failure. Finally, the researcher make some recommendations with its perceives that will alleviate the factors which affect development of small business. For the purpose of easy understanding this study will be divided into five chapters and are enumerated below: The first chapter deals with the introduction of subject matter with emphasis on the statement of the problem, objective, importance, scope and delimitation and definition of terms. The second chapter is devoted to the study of relevant literature. It embrace articles from authors of text books, newspaper and journals. Chapter three deals with research methodology. The methods and procedure of conducting the research and sources of information. Chapter four deals with the presentation and analysis of data through the questionnaire is done. Finally, chapter five which deals with discussion of findings, summary, conclusion and recommendations made based on the findings, limitation of study and suggestion for further study.

  CHAPTER 1

                                 INTRODUCTION

  • BACKGROUND OF THE STUDY

The meaning of the term small scale business varies from one country to another and from one industry to another even within the same country. Continue reading IMPACT OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF ANAMBRA STATE