ABSTRACT
This research is aimed at small-scale industries development in anambra state: problems and prospects. Small-scale industries are those industries that are privately owned by its owners in a purely personalized way without a formalized management structure. Small-scale industries is needed for speedy growth and development especially for abilities to boost the larger industries, social infrastructure, agriculture etc. Small-scale enterprises is however faced with a lot of problems. It is against this background that this project is undertaken to take a critical look at small-scale industries in awka and nnewi. In chapter one which is the introduction, the researcher discussed the statement of the problem, purpose, significance of the study, research questions, hypothesis, scope and definition of terms. Chapter two death much on various literature review, problems and prospects and summary of the literature review. Chapter three reviewed the methodology of data collection. Chapter four shows how data was collected, presented the summary, conclusions, recommendations and references.
Finally, my opinion based on the findings of this project, small-scale business is the mainstay of the nigerian economy, providing almost seventy percent (70%) of employment to the society in the anambra state.
TABLE OF CONTENT
Title
Approval
Dedication
Certification
Acknowledgement
Table of content
List of Tables
Abstract
CHAPTER ONE
INTRODUCTION
11 Background of the study
12 Statement of problem
13 Purpose of the study
14 Significant of the study
15 Research questions
16 Hypotheses
17 Scope of the study
18 Definition of terms
CHAPTER TWO
LITERATURE REVIEW
21 Brief Introduction
22 Review of current literature
23 Summary of Literature Review
CHAPTER THREE
METHODOLOGY
BRIEF OUTLINE OF THE CHAPTER
31 Design of the study
32 Area of the study
33 Population of the study
34 Sample of the study
35 Instrument for data collection
36 Validation of the instrument
37 Distribution and retrieval of the instrument
38 Method of data analysis
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
BRIEF INTRODUCTION OF THE CHAPTER
41 Presentation and Interpretation of data according to Research questions and Hypothesis
42 Findings
43 Discussion of the findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
51 Summary of findings
52 Conclusion
53 Recommendation
54 Limitations of the study
55 Suggestion for further studies
References
Appendix A - Letter of Request
Appendix B - Questionnaire
LIST OF TABLES
Table 1: Do you think that the provision of infrastructure, power supply, availability of land will solve the problem of industrial development
Table 2: Do you agree that government creation enabling environment such as allowing the importation of raw materials and given tax holding to industries among the solutions to the problems?
Table 3: Do you think that find can be obtained in the following sources to finance industrial development, bank loan, government grants loan, borrowing from friends or relatives and personal savings?
Table 4: Do you agree that skilled manpower will be attracted due to availability of funds?
Table 5: Do you consider the rural set-up of the industries as one of the problems of lack of skilled manpower
Table 6: Do you see lack of skilled manpower as one of the problems militating against the development of industries in your area?
CHAPTER ONE
INTRODUCTION
The dynamic role of small-scale industries as engine of growth in developing countries has long been recognized According to Ukeje (2004:108) It's accelerative effect in achieving macro-economic objectives such as full employment, income distribution development of local technology, as well as diffusion of management skills and stimulation of indigenous entrepreneurship has been well documented in economic literature Their importance has become such as to make them a pivotal focus of economic development
That was exactly what Nigeria did since the second national development (1974-1979) that is development jof industries, because they have seen the need to be self-reliance which will lead to genuine development and survival as well as improve the effective management of local resources, both human and materials
Development of small-scale industries was encouraged in the document found in the third and fourth national development plan, with the aids of providing empowerment opportunities, management of local resources, thereby recording rural urban migration The above plans emphasized that paying attention to agriculture, manufacturing, education, manpower development, Infrastructural facilities will improve the quality of life for average Nigerians
11 BACKGROUND OF THE STUDY
Economic history of various developed countries have shown that industrial revolution has been the led by small-scale industries which are indeed the bedrock of an industrial growth
Nigeria as a developing nation is battling for her economic survival, which can however not be achieved without acquisition of industrial and technological power and enough manpower both skilled and unskilled to cope with the struggle
Nigeria economy has in the last two decades passed through various phases, starting from the oil boom in the seventies and followed by the era of unplanned and reckless spending our wealth This is followed with the emergence of economic doom which has necessitated the introduction of austerity measures and structural adjustment programme (SAP)
The industrial growth of the nation has no scientific approach The planning in some measures did not analyze the backwardness in the economy This is noted, as the various government did not provide adequate encouragement to industrial development of nation
Before our economic problems, foreign capital was cheap and the business of importing and selling of finished products was most profitable These importers generated excess liquidity and invested their funds making in acquisition of landed property Investment was merely neglected because of tortuous process of establishing in Nigeria
During the boom, therefore most industrial projects were sponsored by multinationals and the governments, small industries were neglected as there were little incentives in manufacturing at low level
With the introduction of austerity measures and structural adjustment programme (SAP) import trade business become more difficult as many commodities were banned or put on license with high import tariff to conserve foreign funds and encourage local manufacturers
Many businessmen therefore, started thinking of industrial ventures to produce their wares locally Hence, the massive investment on small-scale business
1 2 STATEMENT OF THE PROBLEM
i Insufficient finance
ii Low technical base enabling environment and logic supply
iii Lack of managerial expertise
iv Communication difficulties
v Inadequate infrastructures
13 PURPOSE OF THE STUDY
i To increase the capital accumulation of the indigenous entrepreneurs in Anambra State
ii To increase the dispersal of industries
iii To improve the technological skills and capabilities available in the state
iv To motivate inter-local government area relationship through industrial products patronage
v To provide greater employment opportunities
14 SIGNIFICANCE OF THE STUDY
i It will unveil some of the major problems facing the development of small-scale industries
ii To give the reader an overview of the problems, and the role developing small-scale industries play
iii To benefit both economists and students who may like to carryout further research
iv The findings and recommendations will be of great value to the small-scale industries as a way of improving and reducing such problems
16 RESEARCH QUESTIONS
1 How much money did you start your business with?
2 Do you think you have really progress if you compare your initial with the amount you have now?
3 What type of business do you operate?
4 Do people patronize your industry very often?
5 How efficient are your staffs?
6 Do you think there will be need to employ more people in your industry?
17 HYPOTHESIS
Ho: Insufficient finance does not affect the development of small-scale in Anambra State
H1: Insufficient finance affects the development of small-scale in Anambra State
Ho: Lack of managerial skills does not affect the growth of small-scale industries in Anambra State
H2: Lack of managerial skills affects the growth of small-scale industries in Anambra State
Ho: Inadequate infrastructures does not affect small-scale industrial development in the state
H3: Inadequate infrastructures affects small-scale industrial development in the state
Ho: Low technical base does not affect the development of small-scale
H4: Low technical base affects the development of small-scale
18 SCOPE OF THE STUDY
This research work carried out in Awka and Nnewi in Anambra State, which makes it suitable for carrying out marketing research work on small-scale industrial development
19 DEFINITION OF TERMS
SMALL-SCALE: central bank of Nigeria (CBN) defines small-scale business as one which annual sales turnover is less than half a million Naira
FINANCE: The initial capital used to start and maintain a business
BUSINESS: Any organization established for economic purpose
MANAGEMENT: The process of planning, organizing, directing and controlling the work done by members of an organization, utilizing available resources within the organization to achieve its main goal
DEVELOPMENT: It has to do with the changes in positive direction in order to improve in a country
OBJECTIVES: It is goal that has a comparative short life span and specific measurable achievement
INDUSTRY: It is where raw materials are converted into finished goods, or it could be people and activities involved in producing a particular thing or services
MANUFACTURING : It refers to industries that produce goods in large quantity in factories
PROBLEM: It is a difficult situation