SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA: PROBLEMS AND PROSPECTS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The main purpose of this study is to investigate small and medium scale enterprises in Nigeria in order to identify their problems and prospects in Enugu metropolis. Sample size of 270 was drawn from the population of 828 registered companies in Enugu State in which a total of two hundred and seventy (270) copies of the questionnaire were administered out of which two hundred and forty (240) copies representing (89%) of the questionnaire were properly completed and retrieved while thirty (30) copies representing (11%) were not retrieved. The instruments used to gather information for this study includes both primary and secondary sources. The main instrument of data collection was the questionnaire. The data were presented in tables as frequency distribution in the data analysis, the techniques of percentage frequencies were used. The hypothesis was tested with chi-square method at 5% significance level. Having analysed the data, the following were the major findings, that there is improper implementation of its policies towards small and medium scale enterprises in Nigeria; that small and medium scale enterprises provide effective means of stimulating indigenous entrepreneurship; that poor management practices, financial problems, lack of capital, lack of infrastructural facilities etc, hinder the performance of small and medium scale enterprises in Nigeria. The study concludes that the role played by the government towards promotion and development of small and medium scale enterprises in Nigeria is highly effective, in the sense that government supported small and medium scale enterprises through favourable investment policies, institutional and fiscal policy, protective business law and financial incentives; that small and medium scale enterprises had immensely contributed to the economic growth and development in Nigeria for they have been recognized as indispensable components of national development in both developed and developing economies; that there are various confronting constraints to the development of small and medium scale enterprises such as lack of planning, inimical government regulations, poor marketing strategies etc; that there is significant support given to small and medium scale enterprises in Nigeria by government and other individual bodies. Hence, it therefore recommends that government should ensure that there will be no improper implementation of its policies towards small and medium scale enterprises and should not in the area of incentive and infrastructural development neglect business activities to facilitate small and medium scale enterprises in Nigeria. That government should also adequately support small and medium scale enterprises financially to avoid lack of capital. Moreso, small and medium scale enterprises should ensure that they solve their internal problems which hinder the success of the small and medium scale enterprises. For instance, they should ensure that there is effective management practices or expertise, effective accounting standards, adequate manpower and avoid financial indiscipline and corruption in order to boost their performances.
Related Project Materials
SYNTHESIS, CHARACTERISTICS, OF MIXED LIGAND COMPLEX OF ZN(II) ION WITH 8-HYDROXYQUINOLINE AND BENZOIC ACID
ABSTRACT
This study was carried out to examine synthesis, characteristics, of mixed ligand complex of zn(ii) ion with 8-...
EFFECT OF TAX EVASION AND AVOIDANCE ON REVENUE GENERATION IN NIGERIA
BACKGROUND OF THE STUDY
Tax is one of the main source of Government Revenue. It is a strong social and...
EVALUATING THE INFLUENCE OF STUDENTS ATTITUDINAL BEHAVIOUR TOWARDS EXAMINATION MALPRACTICE ON THEIR ACADEMIC PERFORMANCE
Abstract
The major aim of this project was to carry out an investigation into the influence of students’ attitudinal behaviours tow...
POPULATION GROWTH_AND ECONOMIC DEVELOPMENT IN NIGERIA (1981-2011)
BACKGROUND OF THE STUDY
Over the years if has become established that the existence of an efficient human capital is the key to economic...
INFLUENCE OF SOCIAL DEMAND, PEER PRESSURE AND ECONOMIC INSTABILITY ON ADOLESCENTS’ BEHAVIOURAL PATTERN
ABSTRACT
The study examined the influence of social demand, peer pressure and economic instability on adolescents’...
THE IMPACT OF MANPOWER TRAINING AND DEVELOPMENT AS A TOOL FOR ORGANIZATIONAL PRODUCTIVITY
ABSTRACT
This study was carried out on the impact of manpower training and development as a tool for organizationa...
THE IMPACT OF MONEY SUPPLY ON THE ECONOMIC GROWTH OF NIGERIA
ABSTRACT
The study examined the impact of money supply on economic growth in Nigeria. Data was collected from CBN statis...
A CRITICAL ANALYSIS OF THE ACTIVITIES OF FULANI HERDSMEN AND ITS IMPLICATION ON COMMUNITY DEVELOPMENT IN NIGERIA
BACKGROUND OF THE STUDY
The Fulani are the biggest ethnic group in the Sahel, with a population of 20 t...
THE EFFECTS OF BLENDING COW MILK WITH SOYMILK ON YOGHURT QUALITY
ABSTRACT
A quantity of 1 litre each of cow milk and blended (cow/soy) milk was pasteurized and each was...
“AN APPRAISAL OF INCOME TAX ENFORCEMENT PROCEDURES UNDER THE NIGERIAN TAX SYSTEM
ABSTRACT
The imposition, collection and administration of income tax in Nigeria are basically statutory, which had undergone significant...
