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IMPACT OF SMALL SCALE FIRMS ON INDUSTRIAL DEVELOPMENT OF ENUGU STATE

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Price: 2000 Naira (BSC, MSC)

ABSTRACT

From the title of this work, it will be seen that the work is geared towards
finding out the impact of small scale firms on industrial development of
Enugu Urban. The aim of the this study is to examine and identify in detail
the problems, prospects effect and the importance of the development of
small scale firms towards industrial development of Enugu Urban. This work
has five chapters, with each chapter focusing in a specific objective. Chapter
one tells us the history of small scale firms, chapter two examine other
people’s work on small scale firms under these sub-headings characteristics
of small scale firms, availability of resource, the impacts or importance,
financing the small scale firms, Government and its agencies, and so on.
Chapter three examines the type of research design and methodology used by
the researcher. Chapter four, the researcher used two techniques of data
analysis the percentages and chi-square at 0.05 level of significance. Chapter
five summarizes the findings, making some conclusion and some
recommendation as to how the problems of the small scale firms will be
solved.

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY
Development of firms has been a matter of great concern and priority
to many nations of the world. It could be understood from economic history
that many advanced countries of the world which has attained the height of
industrialization started as a more small and medium scale enterprises which
later metamorphosed into giant cooperation. In the past, industrial
development process were slow and painful and the advancement in
technology in developed countries resulted from the survival of the cottage
firms which were nurtured, pampered and breastfed to grow up as big
industrial corporations today.
Since the early, 1990’s a number of initiatives have come to dominate
the economic growth agenda of many donors and public agencies. These
initiatives arose as a response to, or an interpretation of, the increasing effects
of market globalization on the economies of developing countries. Analyses
that only looked at domestic markets were no longer adequate to
understanding the dynamics that affected the incomes and livelihoods of poor
households almost anywhere in the world. With the increase in globalization,
resource-driven comparative advent-age diminished in importance, while
competitive advantage, created by private and public stakeholders, rises. And
with its rise, the importance of theories that could help us understand and
manipulate the dynamics affecting economic growth including competitiveness, value chain analysis, and economic cluster theory.
As a result of increased globalization and a shift in jobs from
developed to developing economies ethical issues emerged. These were
largely in response to labour and environmental concerns.
Since then, competitiveness initiatives, value chain analysis, and
cluster development approach have proved to be quite effective at increasing
micro, small and medium enterprises productivity and competitiveness into
global markets, as well as national and local markets.
Developing countries as a whole have now realized that they lag much
behind than the developed nations of the world, not only in industrial base but
also in national standard of living. As a result, these countries now seem to
have hastened up the pace of their industrial development process in other to
increase their living standard and thus reduce the present rate of
unemployment, (Klatt 1973).
Nigerian’s desire to concentrate on developing the small and medium
scale enterprises (SME) have always been buttressed by and reflected in a
wide range of economic policies. In-fact, the present consciousness on the
part of the every segment of the society including the government for small
and medium scale industrial growth cannot be under emphasized and the
delay in appreciating this sector as an economic catalyst is frustrating. (Ani
B.N. and Nwandu E.C. 2001).
Yearly, government initiate policies that will not only help the
development of small scale firms but also bring legislations for small and
medium scale firms protection. Most government economic policies on
imported goods have been targeted at discouraging such importation and
protect the establishment, existence and survival of cottage firms. The
essence of the protection is not to allow it face the competition posed by
foreign goods in the market.
It is true that we are operating in a system where savings and
investment are quite low; this is as a result of low capital base, mass
unemployment and low per capital income. But government has not relented
on its effort to ensure the success of small and medium scale firms. Tax
holidays and tax concessions are many at times being offered by government
to small and medium scale firms to enable them survive. Grants and loan
facilities are another key ways of assisting small and medium scale (SME)
industries so that funds needed for current operations and investments may
not be an impediment.
If critically viewed, more efforts of government were geared towards
the establishment of industries which would provide employment to the
teaming populations, provide earnings to the country through export profiles,
enhance standard of living of the citizenry and in turn results to provisions of
infrastructural facilities.
It is equally of important to note at this juncture that small and medium scale
enterprises means different thing to different people, group, society and
government hence.
1.2 STATEMENT OF PROBLEMS
The under-development of Nigerian economy is as a result of
inadequate industries in Nigeria and manufacturing of the existing one’s
owing to poor implementation, supervision and execution of government
policies and programmes, subject to corruption and lack of appropriate
machineries for later implementation.
The government (both at state and federal level) at various intervals
have initiated policies measures to encourage the development of the small
scale industries. Some of these policies included the operation feed the nation
(OFN) of 1973, the Green Revolution of 1977, the National Directorate of
Employment (NDE) of 1986 and others. All these geared towards assisting
the firms technically, financially and managerially.
Given that industrial development has been so slowly generally in
Nigeria, and that government has been doing something positive to increase
the industrial base of the country; the researcher therefore is challenged to
prove whether or not a small and medium firm will lead to quick industrial
development in Enugu Urban and Nigeria in general.
The researcher will find out why most government industrialization
and mobilization policies inaugurated in the past, failed to achieve grass root
industrialization and mobilization among Nigerians and also how to address
the problems of entrepreneurship facing small scale industries in Nigeria and
Enugu State in particular.
1.3 RESEARCH QUESTIONS
The impact of small and medium scale enterprise towards industrial
development have been a controversial issue owing to its significant to
Nigerian economy. In view of this, the researcher intends to present the
following questions.
(1) What are the factors militating against the growth and development of
small and medium scale enterprises in Enugu Urban?
(2) Do Government and its agencies fund small scale firm adequately in
relation to its promises and policies as to industrializing in Enugu
Urban?
(3) Do government give financial assistance to small scale firms?
(4) Do good management contribute to the success of small scale firms in
Enugu Urban?
(5) How much loan do government give to small scale firms?
(6) Do small and medium scale enterprises contribute in waste
management disposal and extended usage of by-product that may not
haven been useful without the existence of SME’s?
1.4 OBJECTIVES OF THE STUDY
This study intends to investigate various problems associated with
establishment and growth of small and medium scale enterprises towards the
development of industrialization in Enugu State. This research will attempt to
(1) To discover and determine the factors militating against the growth and
development of scale and medium enterprises in Enugu Urban.
(2) To discover if government and its agencies fund small scale firms
adequately in relation to its promises and policies as to industrializing
in Enugu Urban.
(3) To find out if government render financial assistance to small scale
firm in Enugu Urban.
(4) To find out if good management contribute to the success of small
scale firms in Enugu Urban.
(5) To find out if government give loans to the small scale firms.
(6) To discover whether small and mediums scale enterprise contributes in
waste management disposal and extended usage of by-product that
may not have been useful without the existence of SME’s.
1.5 STATEMENT OF HYPOTHESIS
The hypothesis to be tested against their alternatives will be formulated
from the statement or problem to serve as an effective guide:
Ho Small and medium scale enterprises does not have any factor militating against its growth and development in Enugu State.
Hi Small and medium scale enterprises does have any factor militating
against its growth and development in Enugu State.
Ho Small scale and medium enterprises does not have any effect to the
development and growth of industrialization in Enugu State.
Hi Small scale and medium enterprises does have any effect to the
development and growth of industrialization in Enugu State.
Ho Individuals does not have roles to play towards promoting government
policy to achieve industrialization and stability in the economy of the
state.
Hi Individuals have roles to play towards promoting government policy to
achieve value chain of industrialization and stability in the economy of
the state.
Ho Small and medium scale enterprises (SME) does not contribute in
waste management disposal and extended usage of by-product that
may not have been useful without the existence of small and medium
scale enterprises.
Hi Small and medium scale enterprises (SME) does contribute in waste
management disposal and extended usage of by-product that may not
have been useful without the existence of small and medium scale
enterprises.
Ho Government does not have any position towards assisting, promoting and stabilizing small and medium scale enterprises (SME) in other to
unlock value chain approaches to our economic boom.
Hi Government does have any position towards assisting, promoting and
stabilizing small and medium scale enterprises (SME) in other to
unlock value chain approaches to our economic boom.
Ho Environmental factors does not have influence in the establishment,
growth and stability of small scale enterprises (SME)
Hi Environmental factors does have influence in the establishment,
growth and stability of small scale enterprises (SME)
1.6 SIGNIFICANCE OF THE STUDY
No matter the amount of resources committed in this study, its
importance as to the resources imputed cannot be compared. This is true
because it is a study that deals with rudiments and fundamentals of economic
growth and stability. Its centered on business prosperity, which if achieved
will reduce the personal problem of unemployment and poor standard of
living. It deals with the production of goods and services, provision of
necessary tools for infrastructural facilities and this helps to enhance
industrial development. It creates earning sources to the government and for
the general administration. Above all,
1. This research will give an insight into the natural implications of
existence of small and mediums scale enterprises in Enugu Urban.
2. This research work will also assist researchers, scholars and future
managers on the above subject matter.
3. This research work will expose any short comings that has been
militating against the establishment, growth and development of
industrialization in Enugu Urban
4. This research will expose opportunities that have not been exploited to
intending investors and entrepreneurs in search of opportunities.
1.7 SCOPE AND LIMITATION OF THE STUDY
This research work has been limited to a reasonable researchable scope
considering a lot of constraints during the time of the study. The study aims
at identifying the problems and prospects of firm using selected small scale
firms in Enugu as a case study.
A lot of problems are likely to be encountered during the process of
putting this work together. These problems include:
(1) Finance: A lot of money is required at all stages of the study, as a civil
servant, it is a big problem.
(2) Time constraint: As a civil servant, I have a limited time to put this
work together due to other numerous engagements.

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Price: 2000 Naira (BSC, MSC)

ABSTRACT

From the title of this work, it will be seen that the work is geared towards
finding out the impact of small scale firms on industrial development of
Enugu Urban. The aim of the this study is to examine and identify in detail
the problems, prospects effect and the importance of the development of
small scale firms towards industrial development of Enugu Urban. This work
has five chapters, with each chapter focusing in a specific objective. Chapter
one tells us the history of small scale firms, chapter two examine other
people’s work on small scale firms under these sub-headings characteristics
of small scale firms, availability of resource, the impacts or importance,
financing the small scale firms, Government and its agencies, and so on.
Chapter three examines the type of research design and methodology used by
the researcher. Chapter four, the researcher used two techniques of data
analysis the percentages and chi-square at 0.05 level of significance. Chapter
five summarizes the findings, making some conclusion and some
recommendation as to how the problems of the small scale firms will be
solved.

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY
Development of firms has been a matter of great concern and priority
to many nations of the world. It could be understood from economic history
that many advanced countries of the world which has attained the height of
industrialization started as a more small and medium scale enterprises which
later metamorphosed into giant cooperation. In the past, industrial
development process were slow and painful and the advancement in
technology in developed countries resulted from the survival of the cottage
firms which were nurtured, pampered and breastfed to grow up as big
industrial corporations today.
Since the early, 1990’s a number of initiatives have come to dominate
the economic growth agenda of many donors and public agencies. These
initiatives arose as a response to, or an interpretation of, the increasing effects
of market globalization on the economies of developing countries. Analyses
that only looked at domestic markets were no longer adequate to
understanding the dynamics that affected the incomes and livelihoods of poor
households almost anywhere in the world. With the increase in globalization,
resource-driven comparative advent-age diminished in importance, while
competitive advantage, created by private and public stakeholders, rises. And
with its rise, the importance of theories that could help us understand and
manipulate the dynamics affecting economic growth including competitiveness, value chain analysis, and economic cluster theory.
As a result of increased globalization and a shift in jobs from
developed to developing economies ethical issues emerged. These were
largely in response to labour and environmental concerns.
Since then, competitiveness initiatives, value chain analysis, and
cluster development approach have proved to be quite effective at increasing
micro, small and medium enterprises productivity and competitiveness into
global markets, as well as national and local markets.
Developing countries as a whole have now realized that they lag much
behind than the developed nations of the world, not only in industrial base but
also in national standard of living. As a result, these countries now seem to
have hastened up the pace of their industrial development process in other to
increase their living standard and thus reduce the present rate of
unemployment, (Klatt 1973).
Nigerian’s desire to concentrate on developing the small and medium
scale enterprises (SME) have always been buttressed by and reflected in a
wide range of economic policies. In-fact, the present consciousness on the
part of the every segment of the society including the government for small
and medium scale industrial growth cannot be under emphasized and the
delay in appreciating this sector as an economic catalyst is frustrating. (Ani
B.N. and Nwandu E.C. 2001).
Yearly, government initiate policies that will not only help the
development of small scale firms but also bring legislations for small and
medium scale firms protection. Most government economic policies on
imported goods have been targeted at discouraging such importation and
protect the establishment, existence and survival of cottage firms. The
essence of the protection is not to allow it face the competition posed by
foreign goods in the market.
It is true that we are operating in a system where savings and
investment are quite low; this is as a result of low capital base, mass
unemployment and low per capital income. But government has not relented
on its effort to ensure the success of small and medium scale firms. Tax
holidays and tax concessions are many at times being offered by government
to small and medium scale firms to enable them survive. Grants and loan
facilities are another key ways of assisting small and medium scale (SME)
industries so that funds needed for current operations and investments may
not be an impediment.
If critically viewed, more efforts of government were geared towards
the establishment of industries which would provide employment to the
teaming populations, provide earnings to the country through export profiles,
enhance standard of living of the citizenry and in turn results to provisions of
infrastructural facilities.
It is equally of important to note at this juncture that small and medium scale
enterprises means different thing to different people, group, society and
government hence.
1.2 STATEMENT OF PROBLEMS
The under-development of Nigerian economy is as a result of
inadequate industries in Nigeria and manufacturing of the existing one’s
owing to poor implementation, supervision and execution of government
policies and programmes, subject to corruption and lack of appropriate
machineries for later implementation.
The government (both at state and federal level) at various intervals
have initiated policies measures to encourage the development of the small
scale industries. Some of these policies included the operation feed the nation
(OFN) of 1973, the Green Revolution of 1977, the National Directorate of
Employment (NDE) of 1986 and others. All these geared towards assisting
the firms technically, financially and managerially.
Given that industrial development has been so slowly generally in
Nigeria, and that government has been doing something positive to increase
the industrial base of the country; the researcher therefore is challenged to
prove whether or not a small and medium firm will lead to quick industrial
development in Enugu Urban and Nigeria in general.
The researcher will find out why most government industrialization
and mobilization policies inaugurated in the past, failed to achieve grass root
industrialization and mobilization among Nigerians and also how to address
the problems of entrepreneurship facing small scale industries in Nigeria and
Enugu State in particular.
1.3 RESEARCH QUESTIONS
The impact of small and medium scale enterprise towards industrial
development have been a controversial issue owing to its significant to
Nigerian economy. In view of this, the researcher intends to present the
following questions.
(1) What are the factors militating against the growth and development of
small and medium scale enterprises in Enugu Urban?
(2) Do Government and its agencies fund small scale firm adequately in
relation to its promises and policies as to industrializing in Enugu
Urban?
(3) Do government give financial assistance to small scale firms?
(4) Do good management contribute to the success of small scale firms in
Enugu Urban?
(5) How much loan do government give to small scale firms?
(6) Do small and medium scale enterprises contribute in waste
management disposal and extended usage of by-product that may not
haven been useful without the existence of SME’s?
1.4 OBJECTIVES OF THE STUDY
This study intends to investigate various problems associated with
establishment and growth of small and medium scale enterprises towards the
development of industrialization in Enugu State. This research will attempt to
(1) To discover and determine the factors militating against the growth and
development of scale and medium enterprises in Enugu Urban.
(2) To discover if government and its agencies fund small scale firms
adequately in relation to its promises and policies as to industrializing
in Enugu Urban.
(3) To find out if government render financial assistance to small scale
firm in Enugu Urban.
(4) To find out if good management contribute to the success of small
scale firms in Enugu Urban.
(5) To find out if government give loans to the small scale firms.
(6) To discover whether small and mediums scale enterprise contributes in
waste management disposal and extended usage of by-product that
may not have been useful without the existence of SME’s.
1.5 STATEMENT OF HYPOTHESIS
The hypothesis to be tested against their alternatives will be formulated
from the statement or problem to serve as an effective guide:
Ho Small and medium scale enterprises does not have any factor militating against its growth and development in Enugu State.
Hi Small and medium scale enterprises does have any factor militating
against its growth and development in Enugu State.
Ho Small scale and medium enterprises does not have any effect to the
development and growth of industrialization in Enugu State.
Hi Small scale and medium enterprises does have any effect to the
development and growth of industrialization in Enugu State.
Ho Individuals does not have roles to play towards promoting government
policy to achieve industrialization and stability in the economy of the
state.
Hi Individuals have roles to play towards promoting government policy to
achieve value chain of industrialization and stability in the economy of
the state.
Ho Small and medium scale enterprises (SME) does not contribute in
waste management disposal and extended usage of by-product that
may not have been useful without the existence of small and medium
scale enterprises.
Hi Small and medium scale enterprises (SME) does contribute in waste
management disposal and extended usage of by-product that may not
have been useful without the existence of small and medium scale
enterprises.
Ho Government does not have any position towards assisting, promoting and stabilizing small and medium scale enterprises (SME) in other to
unlock value chain approaches to our economic boom.
Hi Government does have any position towards assisting, promoting and
stabilizing small and medium scale enterprises (SME) in other to
unlock value chain approaches to our economic boom.
Ho Environmental factors does not have influence in the establishment,
growth and stability of small scale enterprises (SME)
Hi Environmental factors does have influence in the establishment,
growth and stability of small scale enterprises (SME)
1.6 SIGNIFICANCE OF THE STUDY
No matter the amount of resources committed in this study, its
importance as to the resources imputed cannot be compared. This is true
because it is a study that deals with rudiments and fundamentals of economic
growth and stability. Its centered on business prosperity, which if achieved
will reduce the personal problem of unemployment and poor standard of
living. It deals with the production of goods and services, provision of
necessary tools for infrastructural facilities and this helps to enhance
industrial development. It creates earning sources to the government and for
the general administration. Above all,
1. This research will give an insight into the natural implications of
existence of small and mediums scale enterprises in Enugu Urban.
2. This research work will also assist researchers, scholars and future
managers on the above subject matter.
3. This research work will expose any short comings that has been
militating against the establishment, growth and development of
industrialization in Enugu Urban
4. This research will expose opportunities that have not been exploited to
intending investors and entrepreneurs in search of opportunities.
1.7 SCOPE AND LIMITATION OF THE STUDY
This research work has been limited to a reasonable researchable scope
considering a lot of constraints during the time of the study. The study aims
at identifying the problems and prospects of firm using selected small scale
firms in Enugu as a case study.
A lot of problems are likely to be encountered during the process of
putting this work together. These problems include:
(1) Finance: A lot of money is required at all stages of the study, as a civil
servant, it is a big problem.
(2) Time constraint: As a civil servant, I have a limited time to put this
work together due to other numerous engagements.

Get Complete Materials

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