INTRODUCTION
1.1 BACKGROUND OF THE STUDYBusiness organizations from sole proprietor type to the large multinational conglomerate firms are simply classified into three broad categories. The categories are small scale enterprise (SSE), medium scale enterprise (MSE) and large scale enterprise.
The following definitions of SSE were given by Ayozie (2006;5):
- In Nigeria, the Third National Development plan defined a small scale business as a manufacturing establishment employing less than ten people, or whose investment in machinery and equipment does not exceed six hundred thousand naira.
- The Central Bank of Nigeria in its credit guidelines, classified small scale business as these businesses with an annual income/asset of less than half a million naira.
- The Federal Government Small Scale Industry Development Plan of 1980 defined a small scale business in Nigeria as any manufacturing process or service industry, with a capital not exceeding one hundred and fifty naira in manufacturing and equipment.
One of the largest small scale enterprises in Nigeria and in most developing countries is in food processing. It comes in various forms such as: confectionaries, cookery and bakery firms. Each firm in this category is known to produce fast-food. According to Nweze (2006:61), food processing firms are the highest employers of labour in Nigeria. This is due to the fact that it takes small capital to begin if it is to be started in a small way. There are some that take many billions of naira to start. The difference is in the quality of food processed. So, small and medium scale firms contribute to the growth of the Nation much higher than other industries and the most interesting thing is that majority of the operators are in the small and medium scale categories. Ordinarily, one should have expected much government attention to be given to encourage them.
Nigeria, like every other country, clamour for quick development. Development differs from country to country depending mostly on who champions the strategies of development. According to Nwanbugwu (2004:89), development is change from indices of riches. He notes that poverty is a relative concept from individual to individual or from a community to community or from country to country. Indices of poverty have been articulated by Tunji (2006:113) as including: low calories intake, low per capital income, poor mode of dressing (no good clothings to put on), no good shelter to live in, and no resources to obtain sound education or enter into vibrant business. He summarizes by saying that indices for riches are just the opposite. To Anderson (2007:69), development is growth plus change. Growth has to do with living the world of the poor as exemplified by the indices listed above to the distributive tendency. Anderson argues further that distributive tendency is the tendency to distribute the resources to all the subjects of government on fairness basis. He notes that a situation where riches are concentrated on few hands does not make for growth. Peterside (2007:110) observes that no country develops without greater regard paid to small-scale enterprises. He notes that the mainstay of advanced economies, especially American, is private sector. Private sector is characterized by small capital out lay relative to government business or multinationals, less number of people being employed, small market share, and small financial outlay to invest in innovative ideas as well as lack of unionized labour force. Medium scale enterprises are those slightly above the small-scale enterprises but are yet small in relation to multinationals. Developing economies can only develop by paying unreserved attention to small and medium scale enterprises, argues Peterside.
| Project details | Contents |
|---|---|
| Number of Pages | 102 pages |
| Chapter one | Introduction |
| Chapter two | Literature review |
| Chapter three | methodology |
| Chapter four | Data analysis |
| Chapter five | Summary,discussion & recommendations |
| Reference | Reference |
| Questionnaire | Questionnaire |
| Appendix | Appendix |
| Chapter summary | 1 to 5 chapters |
| Available document | PDF and MS-word format |
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