THE INFLUENCE OF POOR FINANCING ON THE OPERATION OF SMALL SCALE INDUSTRIES IN NIGERIA (A CASE STUDY OF SELECTED INDUSTRIES IN AWKA METROPOLIS)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The every economy a critical look into it will reveal that the need and desire of people are sissified by numerous small-scale manufactures not withstanding the existence of big business organizations which are locally and internationally famous.
Small-scale industries contribute immensely in the growth and development of an economy through their contributions to the national income of such economy. infact small scale industries were the mainstay of every economy world wide.
Inspite of the contribution of small-scale industries financial constraint has been confronting their growth and development. It is because of this that the researcher decided to delve into the influence of poor financing on the operation of small scale industries in Nigeria.
A critical look showed that this teething problem of finance was caused by inability of small scale industrialist to sources fund externally through the issue of shares to the public loan overdraft, grant etc. this implies that for the financing of operations of small scale industries the fund sourced internally have proved inadequate for the operations of the industries
In collection of data to know the reason behind this poor financing so that a useful solution will be offered the use of questionnaires and interview were employed. The use of questionnaires and interview analyzed to ascertain the truthfulness and authenticity of data collected. In doing this the use of co-efficient of variation (C.V) was adopted in which case the response with he lower or lowest co-efficient of variation is rejected.
At the end of the study it was discovered that:
a. Inadequate capital contributed to the failures of small scale industries.
b. Lack of proper management which resulted from inadequate fund to employ competent employees contributed to the failure of small scale industries.
c. Absence of eternal equity contributed to the failure of small scale industries.
Following the result from the study. It could be concluded that if adequate fund is provided to them the performance of small scale industries will be improve upon.
To wipe-out this ugly trend some suggestion and recommendations were offered
- The gearing of the firms should be increased.
- Staff should be well remunerated and motivated.
- Government should be given grants and tax relief’s to small scale industrialists
-Finally the should go for external sources of fund to finance their operation.
Therefore if the suggestions and recommendation proffered by the researcher in this study as strictly adhered to the objective of growth and development of the small scale industries will be achieved thereby improve the state of Nigeria economy.
Related Project Materials
UNDERGRADUATE SOCIAL STUDIES STUDENTS’ PERCEPTION OF POLITICAL SOCIALIZATION FOR MOBILIZATION AND PARTICIPATION IN DEMOCRATIC PROCESS IN NIGERIA
ABSTRACT
This study was designed to assess the undergraduate Social Studies students‟ perception of Political Socialization for mobilizat...
CORRUPTION AND UNDERDEVELOPMENT: (A CASE STUDY OF HALLIBURTON)
Background of the Study
A man can be born again; the springs of life can be cleansed instantly…if this is true of...
THE ROLE OF SOCIAL MEDIA IN ELECTIONEERING CREDIBILITY
Abstract
This study will analyze the role of social media in the 2015 elections, highlighting the ways in which the key...
DETERMINATION OF HUMAN RESOURCE MANAGEMENT PRACTICES OF MANAGERS OF SMALL AND MEDIUM ENTERPRISES IN ANAMBRA STATE
Background to the Study
Small and Medium Scale Enterprises (SMEs) are deemed to be integral to the growth and developme...
EFFECT OF FINANCIAL AND NON FINANCIAL INCENTIVES ON STAFF PRODUCTIVITY
ABSTRACT
The research focused on the effect of financial and non financial incentives on staff productivity. The study...
THE PREVALENCE OF POULTRY DISEASE AND IT MORTALITY RATE
ABSTRACT
This study was carried out to investigate the prevalence of poultry disease and its mo...
COAG-FLOCCULATION AND ADSORPTION OF PHARMACEUTICAL AND VEGETABLE OIL WASTE WATER USING NATURAL MATERIALS
STATEMENT OF THE PROBLEM.
Industrial wastewater has been posing a serious threat to the world, especially the African continent where the...
PUBLIC SECONDARY SCHOOL PRINCIPALS’ RATINGS OF BUSINESS TEACHERS’ EFFECTIVENESS IN PROFESSIONAL TEACHING COMPETENCIES IN AKWA IBOM STATE, NIGERIA
Background to the Study
Over the years, educationists view knowledge as something that proceeds from the teacher to the learner which can...
AN ASSESSMENT OF STUDENTS RESPONSE TO TELEVISION REALITY PROGRAMMES
ABSTRACT
This study was carried out on the assessment of students response to television reality programmes using Delta...
RELATIONSHIP BETWEEN POOR ANTI NATAL CARE INCIDENT OF MORTALITY IN JERE LOCAL GOVERNMENT AREA OF BORNO STATE
CHAPTER ONE
INTRODUCTION
-
-
Background of the Study
Read more
-
