Nigeria as a nation blessed with both human and natural resources can attain high economic development with little effort and sincerity on the part of her citizens. One of the ways to achieve this economic development is through the establishment of an industries to process the huge maturely resources into conformable goods. Therefore the establishment of small-scale industries all over the country is a right step in the right direction. This will help the country to channel both her human and natural resources to the productive area to enhance economic growth.
The view has been held by many in the government, academic and business circle that small scale business should be treated separately from the large firms thus small scale businesses one frequently seen facing a range of problem than the larger ones.
The Nigeria business environment offers business opportunities. With the Nigeria business promotion degree of 1972 which was revised in 1977 and with various federal and state government business assistance, the economic environment is encouraging for business pursuit in addition, the small industries division of the federal ministry of industry has also be instituted to the further the interest of small scale business in response, small scale business are being established everyday but with survival difficulties some years back the family support programmed under the auspices of the family economic advance programs pledged to established small scale business in all local government area of the country the national directorate of employment (NDE) gives grants to beneficiaries so that they can start their own small scale enterprises. Also the Nigeria agricultural land development agency (NALDA) was put in a place4 of agro based industries to grow since most of the rural dweller are farmers the concept of people bank of Nigeria (PBN) come to limelight and billion of naira were pumped into the bank for on lending to small scale industrialist. Of recent the poverty alleviation programme (PAP) was launched to encourage people to established their own small scale enterprise to reduces the problem of unemployment and reduces the rate of importation of goods but with all this government programmed, our ethnocentrisms, lack of integrity and management myopia did not allow some of these programmed to achieve the much we expected from them.
Small scale business rely move proportionately on loan and grant to finance there, business operation. In many countries of the world, loans and grant have become the tools for improving small scale business .the need these tools for enhancing the productivity of their business the need these for enhancing the productivity of their business more so loan serve as the foundation upon which all business both small and big are built.
Unfortunately, the mortality rates of both old and new small-scale businesses high. It has been estimated that less than ten (10) out of every twenty (20) small-scale businesses established survival in the very year of its operations. Observations have also shown that small scale businesses do not perform to expectations due to lack of knowledge of source of finance potentials open to their owners. The effect of failure of small-scale businesses on employment can only be imagined. The need therefore to accord small-scale businesses special attention for employment generation and economic growth becomes more relevant now that the economy is undergoing difficulties.
The researcher therefore consider it necessary to carry out this study so as to evaluate the contributions to economic growth as well as employment generations and to proffer possible solutions and recommendations which will foster the development of small scale investments.
TABLE OF CONTENT
vi.Table of the content
1.2Background of the study
1.3Statement of the research problem
1.4The research question
1.5The significant of the study
1.7Scope and the limitation of the study
1.8Definition of the terms
Review of related literature
2.2`Definition of small scale investment
2.3 Form of business ownnership
2.4 Types of small scale business
2.5 Setting up a small scal business
2.6 Objective of small scale business
2.7 Sources of finance for small scale business
2.8 Procedures for acquiring a business loan
2.9 Importance of small scale business
2.10 Business challenges of small scale business
2.11 Government polices for promoting small scale investment
2.12 The role of financial institution in the development of small-scale business
2.13 Credit analysis of business enterprises by lending institutions
2.14 The basic principal for cannon of bank lending
2.15 Function of government support agencies
2.16 Employment generating capacity of small-scale industries
2.17 Problem faced by small scale investments
2.18 Prospect of small scale investment
3.2 Source of data
3.3 Method of data collection
3.5 Sampling techniques
3.6 Validity and reliability
Data presentation and analysis
4.2 Data presentation and analysis
4.3 Interpretation of data
4.4 Analyzed of research findings
4.5 Test and prove of hypothesis
Summary, conclusion and recommendation
5.2 Summery of finding
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