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EFFECT OF SMALL SCALE INDUSTRIES ON NIGERIAN ECONOMIC DEVELOPMENT


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ABSTRACT

It is an undisputable fact that Nigeria of the pre-independence era was predominately small scale in its productions and marketing activities. Industrial revolution brought about a shift from the orthodox trade by barter to a more sophisticated marketing system where consumers satisfaction becomes the ultimate goal of the most businesses. Thus small scale business becomes the next option since they stood a better chance of offering a more  personal relationship with customers as well as socio economic satisfactions of societal needs.

Unfortunately the   over concentration on t he oil sector which Nigeria  hoped will boost economic growth led to the negligence of the small scale industries until economic depression set in during  the oil boom period. This and other factors led to the   quest for private participation in the various economic sectors through the Small Scale Industries especially in the present civilian government where the Industrial Development Centres (IDCS )  have  embarked upon a loan scheme  for small business to enhance their contribution to national economic development. The question now is, will small scale contributes to  nation's economic  development? One might wonder if this will be  realistic, but  it is quite obvious that Nigeria as a  country developing very slow due to economic dependency of the country. It therefore becomes apparent that the way out of the problem lies within Nigeria. What are found in Nigeria are basically the large scale operations which have given the most contributions to the economy of the developed nations across the globe. One would therefore questioned the backwardness of small scale business to government negligence of the small industries. Nevertheless the immense contributions of small scale industries in terms of increased industrial  output job creation, improvement of standard of livening and general economic development  has reawakened  government interest  and support on these small scale industries.

1.1     HISTORICAL BACKGROUND OF THE CASE STUDY

It is against this background that the next generation computers  was  established  on the 15th February 2000 to boost the computer industry without which Nigeria economy development cannot be fully achieved. The firm which started with capital base of one Hundred Thousand Naira  (N100,000) with the owners as the manager and no  organizational structure deals with booth computer  hardware and software.

The services rendered by the organization include Typing, photocopying, internet services, computer assembling supply and installation of computers maintenance and training of manpower through apprenticeship. The firm has so far been able to meet the needs of business organization's and individuals within Kaduna North.

INTRODUCTION
CHAPTER ONE

1.5     SCOPE OF THE STUDY

The study is restricted to small scale business in the computer industry in Kaduna North and covers the operations of next generations computer academy from year 2005 till date.

1.6     LIMITATION OF THE STUDY

Given the economic hardship in the country and prevailing cost of living it was not easy to meet up with the financial requirements of the study. Time indeed was another major consideration with too many things to met up within a short space of time preparation for test and examination.

In administering the questionnaires, the respondents were quite cooperative but some of the respondents have to fill under close  supervision to avoid irrelevant answers especially where the questions were open ended. Another limitation that applied to this study is the fact that the study focuses on Next  Generation computer alone and the sample for the study restricted to Kaduna North Local  Government area only.

It is however hoped that these characteristics of customers be further confirmed in other areas within the country to enable a comprehensive  review of some of the recommendations.

1.7     HYPOTHESIS

Ho:    The small scale industries do not contribute significantly to Nigeria's economic development    

Hi:     The small scale industries do contribute significantly to Nigeria's economic development    

1.8     DEFINITION OF TERMINOLOGIES (CONCEPTS)       

SME = Small and Medium Scale Enterprises

INDUSTRY = collection of undertaken's generally not under one control but connected with the same economic activity or similar ones.

SSI = Small Scale Industry

PAP = poverty Alleviation   programmes

EDP = Entrepreneur Development programme

NDE = National Directorate of Employment

CNP = Cross National Product

Apprentices = Those who are on the job training.

EEC = Europe Economic Community

NIDB = Nigeria Industrial Development Bank

ICON =Investment Corporation of Nigeria

UNIDO = United Nations Industries Development Organization

IDC = Industrial Development Centre

NACRDB = Nigeria Agricultural Cooperative and Rural Development Bank

NBCI = Nigeria Bank for Commerce and Industry

NERFUND = National Economic Reconstruction Fund

SSICS = Small Scale Industries Credit scheme

FMB= Federal Mortgage Bank

LGA = Local Government Areas

FIRM = Refers to individuals factories, shops, mines etc or a number of them grouped together.

📄 Pages: 65       🧠 Words: 12983       📚 Chapters: 5 🗂️️ For: PROJECT

👁️‍🗨️️️ Views: 496      

⬇️ Download Now!

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