– Role of Small Scale Business in the Economic Development –
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ABSTRACT
This paper seeks to investigate Small and Medium Enterprises as a veritable tool in Economic Growth and Development. Data was collected with a structured questionnaire and analyzed with several descriptive statistics to identify the perception of the roles of SMEs in Nigeria.
The results of the study therefore reveals that the most common constraints hindering small and in Nigeria are lack of financial support, poor management, corruption, lack of training and experience, poor infrastructure, insufficient profits, and low demand for product and services.
Hence, it therefore recommends that Government should as matter of urgency assist prospective entrepreneurs to have and necessary information relating to business opportunities, modern technology, raw materials, market, plant and machinery which would enable them to reduce their and be more efficient to meet the market competitions.
That job creation is a most challenges facing the world today. Job creation is a function of mental ability of individual entrepreneur to know how to manage their opportunity.
Any country where there is no entrepreneur, the citizens suffer poverty and wants this is because nobody wants to use his or her own brain to think of doing something new to affect the community and the world at large.
TABLE OF CONTENT
TITLE PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.4 RESEARCH QUESTIONS
1.5 SIGNIFICANCE OF THE STUDY
1.6 HYPOTHESIS OF THE STUDY
1.7 SCOPE AND LIMITATION OF THE STUDY
1.8 HISTORICAL BACKGROUND
1.9 DEFINATION OF TERMS USED
CHAPTER TWO LITERATURE REVIEW
2.0 INTRODUCTION
2.1 SMALL SCALE BUSINESS
2.2 AVENUE FOR DEVELOPING ENTERPRENUER SKILLS
2.3 PROCESS AND OBJECTIVES OF ENTERPRENUERSHIP
2.4 DEFINATION OF ENTERPRENUERSHIP
2.5 PROBLEMS OF ENTERPRENEURSHIP
2.6 TYPES OF ENTERPRENUERSHIP
2.7 YOUTH UNEMPLOYEMENT
2.8 CAUSES OF YOUTH UNEMPLOYEMENT
2.9 ATTEMPT AT CURBING YOUTH UNEMPLOYEMENT
2.10 CONCEPT OF YOUTH EMPLOYEMNT
2.11 EFFECT OF YOUTH UNEMPLOYEMENT
2.12 PROBLEMS OF YOUTH UNEMPLOYEMENT
2.14 PROGRAMME OF ENTERPRENEURSHIP IN NIGERIA
2.15 ROLES OF CAREER GUIDANCE IN REDUCING YOUTH EMPLOYEMENT
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 TYPES AND METHODS OF DATA COLLECTION
3.2 THE STUDY POPULATION
3.3 RESEARCH DESIGN
3.4 DETERMINATION OF SAMPLE SIZE
3.5 METHOD OF PROCESSING DATA
3.6 RESEARCH INSTRUMENT SPECIFICATION
CHAPTER FOUR
4.0 DATA ANALYSIS AND PRESENTATION OF RESULT
4.1 INTRODUCTION
4.2 ANALYSIS OF RESPONSE
4.3 PRESENTATION OF DATA
4.4 HYPOTHESIS TESTING
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 SUMMARY
5.2 CONCLUSION
5.3 RECOMMENDATION
REFERENCES
QUESTIONNAIRE
INTRODUCTION
The role of Small and Medium-Scale Enterprise (SMEs) in the national economy cannot be underestimated. These enterprises are being given increasing policy attention in recent years.
Particularly in partly because of growing disappointment with results of development strategies focusing on large scale capital intensive and high import dependent industrial plants.
The impact of SMEs is felt in the following ways: Greater utilization of local raw materials, employment generation, encouragement of rural development, development of entrepreneurship, mobilization of local savings.
Linkages with bigger industries, provision of regional balance by spreading investments more evenly, provision of avenue for self-employment and provision of opportunity for training managers and
The vast majority of developed and developing countries rely on dynamism, resourcefulness and risk tasking of small and medium enterprises to trigger and sustain process of economic growth.
In overall economic development, a critically important role is played by the small and medium enterprises.
Small and medium enterprises advocates, firstly, it endurance competition and entrepreneurship and hence have external benefits on economy wide efficient, and productivity growth.
At this level, perspectives are directed towards government support and involvement in exploiting countries social benefits from greater completion and entrepreneurship.
REFERENCES
Camp, W.G. (1983). “Social efficiency and vocational education:An examination of our changing philosophies”. Journal of Vocational Education Research 8(3), pp. 10 – 19.
Chiguta, F. (2001). Youth livelihoods and Enterprise Activities in Zambia. Report to IDRC Canada.
Adejumola, A.S. and Tayo-Olajubutu, T.O. (2009). Spinning off an Entrepreneurship culture among Nigerian university studies:Prospect and challenges. African Journal of Business Management, Vol. 3(3), pp. 80 – 88.
Alanana, O.O. (2003). Youth Unemployment in Nigeria: Some Implications for the Third Millennium. Global Journal of Social Sciences, 2(1), 21 – 26.
Anasi, S.N. (2010). Curbing youth restiveness in Nigeria: the role of information And libraries. Library philosophy of practice. Retrieved 20/1/12.
Oyebade, S. A. (2003): “Education and Employment of youth in Nigeria, causes, Impacts and suggestions in NEEDS document (2004). P 94.
Youth and Economic Development in Africa (2006): An issue paper 5th African Development Forum – Youths and Leadership in the 21st Century, Addis Ababa, Ethiopia.