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CHAPTER ONE
INTRODUCTION
Nigeria as a nation blessed with
both human and natural resources can attain high economic development
with little effort and sincerity on the part of her citizens. One of the
ways to achieve this economic development is through the establishment
of an industries to process the huge maturely resources into conformable
goods. Therefore the establishment of small-scale industries all over
the country is a right step in the right direction. This will help the
country to channel both her human and natural resources to the
productive area to enhance economic growth.The view has been held by
many in the government, academic and business circle that small scale
business should be treated separately from the large firms thus small
scale businesses one frequently seen facing a range of problem than the
larger ones.The Nigeria business environment offers business
opportunities.
With the Nigeria business promotion degree of 1972
which was revised in 1977 and with various federal and state government
business assistance, the economic environment is encouraging for
business pursuit in addition, the small industries division of the
federal ministry of industry has also be instituted to the further the
interest of small scale business in response, small scale business are
being established everyday but with survival difficulties some years
back the family support programmed under the auspices of the family
economic advance programs pledged to established small scale business in
all local government area of the country the national directorate of
employment (NDE) gives grants to beneficiaries so that they can start
their own small scale enterprises.
Also the Nigeria agricultural
land development agency (NALDA) was put in a place4 of agro based
industries to grow since most of the rural dweller are farmers the
concept of people bank of Nigeria (PBN) come to limelight and billion of
naira were pumped into the bank for on lending to small scale
industrialist. Of recent the poverty alleviation programme (PAP) was
launched to encourage people to established their own small scale
enterprise to reduces the problem of unemployment and reduces the rate
of importation of goods but with all this government programmed, our
ethno-centrisms, lack of integrity and management myopia did not allow
some of these programmed to achieve the much we expected from them.
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