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
EVALUATING THE BENEFITS OF BROADCASTING IN IMPROVING ADULT LITERACY IN LAGOS STATE
ABSTRACT
This study was carried out to evaluate the benefits of broadcasting in improving adult literac...
POLITICAL LEADERSHIP AND CHALLENGES OF ECONOMIC DEVELOPMENT IN NIGERIA
EXCERPT FROM THE STUDY
The failure of imported western models of leadership to solve the socio-economic and sociopolitic...
IMPACT OF SINGLE-PARENTING ON ACADEMIC ACHIEVEMENT OF STUDENTS IN SELECTED SECONDARY SCHOOLS
ABSTRACT
The descriptive survey research was adopted in this study. It is an attempt to investigate the impact of single-parenting on aca...
AN EXAMINATION OF THE CAUSES AND METHODS OF EXAMINATION MALPRACTICE IN THE EDUCATIONAL SYSTEM
EXCERPT FROM THE STUDY
- The major causes of examination malpractice among numerous others include; unpreparedness of students for...
Read more
AN OVERVIEW OF POLICING IN DEMOCRACY AND OBSERVANCE OF HUMAN RIGHTS BY THE NIGERIA POLICE FORCE
ABSTRACT
Ever since Nigeria returned to democratic rule in 1999, there appears to be a general consensus that the true tenets of democrat...
Read moreA SYSTEMS APPROACH TO HOUSING DELIVERY IN THE FEDERAL CAPITAL TERRITORY (FCT) ABUJA, NIGERIA
ABSTRACT
Housing has been described as an unstructured, complex, multi-dimensional phenomenon and its delivery as an important social pol...
Read moreAN EVALUATION OF THE CAREER EXPERIENCES OF PROFESSIONAL WOMEN IN THE NIGERIAN CONSTRUCTION INDUSTRY
BACKGROUND TO THE STUD...
Read moreCOMPUTERIZED TRANSCRIPT MANAGEMENT SYSTEM A CASE STUDY OF CARITAS UNIVERSITY
ABSTRACT
This project is a computerized information management for transcript management which will help to over-come the undesirable pro...
Read moreAN ASSESSMENT OF NEWSPAPERS IN REPORTING DOMESTIC VIOLENCE IN IMO STATE
Background of the study
Domestic and sexual violence are shown in the media in such a way that the publ...
Read moreTHE PHENOMENOLOGY OF JETS IN ASTROPHYSICS
ABSTRACT
The phenomenology of jet in astrophysics was studied. Analytical methods were used to obtain a...
Read more
