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Entrepreneur Department
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The study of the role of government agencies towards the development of small scale enterprises is quite interesting. These enterprise have a very important impact on the life of everybody in the society. Small independence business are everywhere and in every line of work, they can also be seen in every community. This business is as old as man. So virtually everything is done in life involved the element of business. Small scale enterprise constitutes an importance in todays business activities or system. The role of small scale enterprise in our economic history however, has been one of the distribution and contribution.
Although its relative importance has decline with the growth of the big business, small scale business is till major contribution to the countries economy. Business in Nigeria today is made up of both large and small business. Today small scale enterprise have to enjoy more prestige than ever before because of its vital contribution to the nations economy. So vital is small scale business. There are successful small scale enterprise operating like the manufacturing plants, retails, stores, wholesales, drugs, computers, construction firms and hundred of other type of business.
1.5. RESEARCH QUESTIONS
Based on the subject matter, the researcher prefers to use the following questions for research findings;
1. What are the problems of small scale business?
2. What are the roles of small scale?
3. Are banks of industry the sole financier of small scale enterprise ?
4. Does government have favourable policies towards development of small scale enterprise?
1.6. RESEARCH HYPOTHESIS
H0: the bank of industry does not significantly influence the development of small and medium scale enterprises
H1: the bank of industry significantly influences the development of small and medium scale enterprises
1.7. SCOPE OF THE STUDY
This study will cover the area of activities and role played by the government agency (BOI) in developing small scale enterprises.
1.8. LIMITATION OF THE STUDY
It is not an easy assignment for a student to conduct a research work without encountering two or more problems one of such problems faced by the researcher was lack of adequate information which the researcher could obtain for necessary research work as some of the organization officials formed to be very busy and required for some signatory from the department before giving out information to be used.
1.9. DEFINITION OF TERMS
Small Scale Enterprises (SME): a type of business that is run and managed by a single person
NIDB: Nigeria Industrial Development Bank
BOI: Bank of Industry
NBCI: Nigeria Bank for Commerce and Industry
NERFUND: National Economic reconstruction Fund
FIIRD: Federal Institute of Industrial Research
SSCF: Small Scale credit fund
Interest: Certain amount that are charged on borrowed money
Capital: Money
Development: The gradual growth of something, so that it becomes more advanced, stronger
Community: Local country side.
📄 Pages: 65 🧠 Words: 7889 📚 Chapters: 5 🗂️️ For: PROJECT
👁️🗨️️️ Views: 253
