The Problems Of Financing A Small Scale Business In Nigeria A Case Study Of Garri Processing Industry Abakpa Nike Enugu

Since independence Nigeria the giant of Africa has spent much time and resources, both human and a material trying to convince the developed countries and indeed the whole world that she (Nigeria) is capable of developing her industrial capabilities.

Much of the efforts made in this direction have found expressions mostly in international conference and seminars, newspapers report, radio announcements and various national development plans.

Industries have actually increase since after the independent, but the disappointing record of economic performance in the last decade has led to the reopening of the debate on the strategy of industrialization.

Nigeria is still a net import of all sorts of goods from needless to heavy machinery, simple because most of the industries where established for their immediate lucrative such as beer, soft drink and other consumers goods industries without the consideration to nation’s industrial needs or for the utilization of local materials.

Besides most of the large scale industries before the industrialization decree were foreign owned and were associated with significant possibilities of income leakages.  This inspite of the rapid increases in the gross national productivity (GNP) in last decade, the poorest segment of the population peculiarity those in the rural areas has received relatively little benefit.

Unfortunately the bulk of Nigeria businesses are small-scale industries of the number of business establishments, they account for about 80% or above of the total number of enterprise in the country.

The important role they play in the development process was observed by the first progress report of the second National Development plan “in spite of the anticipated rapid growth of the wage sector, the major solution to the nations unemployment problem will have to be found in other areas like agriculture and small scale industries development.

In spite of all these, the small scale industries sub-sector has continued to suffer from lack of credit most all the governments financial programmes for the small industrial credit scheme, fund for  small scale industries has remained largely inadequate and of little effect.

The banks and other financial houses cannot help matters either despite the central bank credit scheme to industries.

It would be noted in this regard that majority of the small scale industries would not be able to meet the requirement of the bank and other financial institution lending policies therefore given this financial constraints.

 

Cover Page

Title Page

Approval Page

Dedication

Acknowledgement 

Abstract

Table of Contents

List of Table

CHAPTER ONE: INTRODUCTION 

1.1Background of the Study

1.2Statement of the Problem

1.3Purpose of the Study

1.4Scope of the Study

1.5Research Questions

1.6Significance of the Study

1.7Limitation of the Study

1.8Definition of Terms

References

CHAPTER TWO: LITERATURE REVIEW 

2.1Theatrical Review

2.2Small-Scale Business Defined

2.3Management and Organization of Small Scale Business

2.4Sources of Fund to Small Scale Business

2.5Problems of Small-Scale Business

References

CHAPTER THREE: RESEARCH DESIGN AND MYTHOLOGY

3.1Research Design

3.2Scope of the Study

3.3Population of the Study

3.4Sample and Sampling Procedure/Techniques

3.5Instruments for Data Collection

3.6Method of Data Collections

3.7Method of Data Analysis

References

CHAPTER FOUR: DATA PRESENTATION AND ANLYSIS 

4.1Presentation and Analysis of Data

4.2Summary of Findings

References

CHAPTER FIVE: DISCUSSIONS, RECOMMENDATION AND CONCLUSION  

5.1Discussion of Findings

5.2Conclusions

5.3Implication(s) of the Research Findings

5.4Recommendation(s)

5.5Suggestions for Further Research

Bibliography

Appendix