Get the complete project »
- The Complete Research Material is averagely 48 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 BACKGROUND OF THE STUDY
In recent years, the issues of mass unemployment particularly graduates unemployed has drawn the attention of both the state and federal government to the importance of small scale industries, not only as a means of creating job opportunities for the young school graduates, but also as a spring board for lunching the nation into an industrialized society.
It is however recognized that setting up and managing effectively and efficiently small scale enterprises involves a number of problems.
Therefore, if the aspirations of government and people in this direction are to be achieved, it is virtually considered necessary to identify these problems with a view to find solutions to them. It is in realization of this view that this study focuses on small scale business in Nigeria, with a view to determine what the problems are and how these problems can be solved.
1.2 STATEMENT OF RESEARCH PROBLEM
Despite the much effort by the state and federal government to improve the lot of the rural population through the establishment of small scale industries, it appears that these businesses have not made the necessary impact on the economics of the rural population in Nigeria.
The failure of this vital sector of the economy to achieve its stated goals, particularly in Nigeria, is assumed to be due to a number of factors, prominent among these are;
i. Capital shortage
ii. Infrastructural deficiency
iii. Lack of adequate accounting procedure
iv. Poor marketing facilities
v. Poor or inadequate planning
It is therefore the proposition of this study, that giving adequate attention to the above problems, small scale businesses would be placed in their proper position to play a prominent role in the transformation of the Nigeria economy to a developed one. This study is therefore directed at evaluating this proposition.
1.3 AIMS AND OBJECTIVE OF THE STUDY
The aims and objectives of carrying out this study include; identifying the problems facing the establishment of small scale businesses in Nigeria, with a view of attracting both the state and federal government attention to them.
The roles that small-scale business establishments play in transforming the Nigeria economy from an underdeveloped economy to an industrialized one; The study is expected to stimulate employment opportunity for many Nigerian by helping to create interest in the establishment of small scale industries.
These objectives are more expected to generate employment opportunities for many Nigerian as well as to uplift the standard of living of Nigerians.
This study also expected to bring into proper focus, the problem and strategies of small scale business management not only to potential businessman but also students and teachers of small scale business management.
1.4 SIGNIFICANCE OF THE STUDY
There have been a lot of research work and publications on financing small-scale business by eminent scholars in the past and in recent times. It is against this background that the research work on the topic becomes necessary in order to create more awareness and source of reference for the interested research on the same subject matter.
The research works is also designed as a contribution towards subsequent research works likely to follow and it is hoped that is would be of immersed help in analyzing the contribution of small scale business enterprises to national economic growth and the understanding of the need for government to re-consider the role of small scale business in the economy and give more attentions by reducing or eliminating the constraints facing such enterprises.
1.5 SCOPE OF THE STUDY
The scope of the study specifically is on the unique means of funding the procedure and problems of small scale business in Nigeria, with the aid of textbooks and other relevant articles such as magazines in business finance. The study will also uncover some of the problems associated with financing small scale business through financial institutions.
1.6 LIMITATION OF THE STUDY
A study of this magnitude should normally be constrained by a number of factors, therefore, this particular study is no exception to this general rule.
Firstly, lack of time is mostly one major factor because the project is expected to be submitted in less than three months, the work has to be combined with classroom studies, and this situation is further compounded by the time available for lectures.
Secondly, financial constraints, I could not extend the scope of the study wider due to the present harsh economic conditions in the country.
Lastly, there were no well equipped libraries where I could borrow books to read for more relevant information for this project. Some of the textbooks used were borrowed from friends, who were not willing to give them out,
1.7 OPERATION DEFINITION OF TERMS
The small scale business acts passed by the United State Congress in 1953 state that a small business is “one which is independently owned and operated and not dominant in operation”.
Small business had be define in terms of number of employees, value or volume of assets, turnover, number of branches. But no quantitative criticism can really define a small business.
Some terms are briefly discussed below;
1. Franchise:- This is a legal right given to a person or a corporate body to produce or market particular goods and/or services within a designated locality using a trade mark.
2. Soft Loans:- Loans granted to a corporate body on liberal terms, not necessary backed up with collateral security.
3. Lease:- A lease is a means by which a person or corporate body obtains the right to use an assets with usually no provision for legal title to the leased asset to pass to the leaser.
4. Operational Problems:- Problems associated with carrying out the day to day activities of the enterprise.
5. Population:- This refers to the total number of small scale enterprises within a given local government.
6. Financing:- The provision of money or monetary support to an individual or enterprise.
7. Financial Structure:- It refers to the way in which organization’s assets are finance by a combination of long-tern capital and short-term fund.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BANKING FINANCE FINAL YEAR PROJECT RESEARCH TOPICS
» (A Case Study of Access Bank Plc, Kaduna)CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In a modern economic system, there is distinction betwee...Continue Reading »
» ABSTRACT One of the major indicators of financial performance is profitability .Every stakeholder in the banking sector is interested in liquidity and...Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Before 1987, the interest rate management policy was one of the control functions by the Cent...Continue Reading »
4. MANAGEMENT OF PENSION SCHEMES IN NIGERIA PUBLIC SERVICE (A CASE STUDY OF THE DEPARTMENT OF PENSION/ESTABLISHMENT, ENUGU STATE PUBLIC SERVICE)» CHAPTER ONE INTRODUCTION 1.1 GENERAL BACKGROUND AND NEED FOR THE STUDY The work that one does gives statues to the person. It also gives a meaning to ...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Automated Teller Machines (ATM) are devices used by bank customers to process account transaction...Continue Reading »
» ABSTRACT One of the major problems confronting the Nigerian banking industry today is the increasing incidence of loan defaults and consequent loan lo...Continue Reading »
» CHAPTER ONE 1.1 BACKGROUND OF STUDY There is controversy that small and medium scale business in any country where they operate play important role in...Continue Reading »
» ABSTRACT In summary the aim of conducting this research is to investigate into some problems that are in existence in the banking industry and to sugg...Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY In any nation, there arem basically four objectives or goal of micro economics policies. i. H...Continue Reading »
10. ROLE OF MONEY DEPOSIT BANKS IN FINANCING SMALL SCALE INDUSTRIES IN NIGERIA (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO PROBLEM Small and medium enterprises are believed to be the engine room for the development of any economy,...Continue Reading »