ATTENTION:
BEFORE
YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE
INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN
GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000
ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE
BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
THE ROLE OF
FEDERAL GOVERNMENT IN THE PROMOTION OF SMALL AND MEDIUM SCALE ENTERPRISE IN
NIGERIA
CHAPTER ONE
INTRODUCTION
Small and
medium scale business constitute an important component of the Nigerian
industrial sector. The importance of this sector cannot be over emphasized,
especially in a typical developing country like ours where the level of youth
unemployment is rising beyond control. Hence small and medium scale industries
generate employment opportunities per unit of capital investment because they
are generally more labour intensive which are more capital in nature. A large
scale industry that cost N20million for instance, may employ a mere 70
(seventy) workers or less. Where as a small and medium scale industry that cost
just N150,000 (one hundred and fifty thousand naira) may employ about 20-30
workers.
Small and
medium scale business specialized in the production and marketing of various
products and services ranging from food, beverages, drinks/sachet water,
cosmetics, spare parts and many others.
Kilby (1969)
acknowledge the diversity of terms of the degree of specialization and division
of labour and the quantity of raw materials and output and the character of
markets being served by small and medium scale businesses. As a result the bulk
of Nigerian business falls within the small and medium scale business which
account for over 80% of the number of enterprises in the country. (Ekunna 1992
Pg.160)
Several
number of small and medium scale business are successful while other fail or are
staggering for survival due to poor background management, lack of qualified
manpower, poor capital base, lack of marketing research and appropriate
technology and credit rating among banks and other lenders. These problems
continue to militate against the establishment, survival and growth of small
and medium scale business in Nigeria. Although successful government in Nigeria
have been emphasizing on the importance of small and medium scale business and
have established institutional support agencies to facilitate
industrialization.
However,
small and medium scale business still operate in uncertainty and are faced with
serious obstacles, this raises the questions of whether the federal government is actually up to the
responsibility in the promotion of small and medium scale business in Nigeria.
OBJECTIVE OF
THE ESSAY
The main
objectives of this study is to evaluate the impact of federal government in the
promotion of small and medium scale business in Nigeria. This study will
specially seek to achieve the following:
To evaluate
the marketing challenges facing small and medium scale businesses.
To identify
the sources of funds to the activities of the industry.
To find out
the extent of government involvement in
promoting the activities of the business.
To bring to
light the contribution of the industry to the development of national diploma
in marketing.
Finally, it
is myhope that the students of marketing and others in related discipline will
find this study very informative and useful tool in their respective studies.
SCOPE OF THE
STUDY
As the title
of this essay indicates, the study focuses its attention to federal government
support to small and medium scale business enterprises in Nigeria, it causes
various policy, guidelines, direct and indirect financial assistance and other
programs and initiatives designed to promote this vital sector of the country.
SIGNIFICANCE
OF THE ESSAY
The
significance of this study lies basically on its contribution to knowledge and
its benefits to individual and organization. The current economic crises in
Nigeria has deciminated the growth of infant industries and encourages the
establishment of similar business venture in both small and large scale
proportions.
Although
successful governments have vowed to support individuals and group initiatives
in the establishment of small and medium scale businesses.
The current
state of most small and medium scale business in Nigeria is a far cry
particularly when structural adjustment programme (SAP) was introduced, which
brought about the problem of devaluation of the naira and the scarcity of
foreign exchange of raw materials from abroad which has adversely affected
production unit especially under a depressed economy.
This study
is an attempt to evaluate the role of government in the promotion of small and
medium scale business in Nigeria as a country.
DEFINITION
OF TERMS
The
following terms and abbreviations used in the extended essay are defined below:
(SSICS)
Small and medium scale Industries Credit Scheme
(NIDB)
Nigerian Industrial Development Bank
(NERFUND)
National Economic Reconstruction Fund
(NDE)
National Directorate of Employment
Small and
medium scale enterprise: Apart from size, it is a type of business that is self
initiated, largely self financial, closely self managed and is of relatively
small in size when considered as part of the industry.
Management:
Is the part of loaning organizing, directing and motivating others so as to
enhance productivity with maximum utilization of available resources and
achieving the organizational goals or objectives.
Resources:
These are the primary inputs that needs to be put together into function before
the proper management activities really take place. These activities include;
men, materials , money and machines.
Enterprises:
This is one of the fundamental principles of management that is concerned with
the division of labour and assigning of responsibilities with authority for the
well being of business unit.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following
instructions and information if you will like to order/buy our complete written
material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount
(#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project
topics
(2) Email
Address
(3) Payment
Name
(4) Teller Number
We will send your material(s) after
we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE
Comments
Post a Comment