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Problems And Prospects Of Establishing Small Scale Enterprises In Nigeria
[A CASE STUDY OF SELECTED BAKERIES IN ENUGU URBAN]
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1.4 RESEARCH QUESTIONS
The
importance of small scale business in the promotion of economic growth
and development has always been at the forefront of development
strategies. However, many developing countries have failed to adopt this
strategy owing to their belief that it is a relatively show process of
industrialization which may not be very compatible with their desire to
“catch up†with the industrial countries. This along with the relative
availability of foreign exchange (particularly through foreign grants
and export of basic commodities) in the early days of independence has
encourage many of those countries to follow a different mode of
industrialization for transition from a largely gravis ion society to a
modern industrial sector including Nigeria, adopted import substitution
strategy of industrialization aimed mainly at producing domestically
consumer goods that were erstwhile imported. This strategy of
industrialization often requires continuous dependence on major
supplier’s over-seas for the provision raw materials and spare parts
needed for uninterrupted production in these industries.
Therefore, the aim of this study is to know:
 Whether or not small scale business provides opportunities for individual freedom and economic growth and development.
 To know if small business community makes a significant contribution to our total economic system as suggested earlier
 To find out whether or not bakery industry contribute to the economic growth and development of the country.
 If customers are satisfied by the services tendered by bakeries
 To formulate business strategies and make recommendations that would be more effective in bakery industries.
1.5 RESEARCH HYPOTHESES
To guide the investigation of the issue raise in the problem definition. It is hypothesized that:
HYPOTHESIS 1
H0: Small-scale industry does not contribute to economic growth & Development
H1: Small-scale industry contributes to economic growth development.
HYPOTHESIS 2
Ho: Lack of finance is the major problem facing small-scale business
Hi: Small-scale business does not have any problem in terms of Finance.
HYPOTHESIS 3
Ho: Bakeries do not encourage the use of local resources in larger Scale in Nigeria
Hi: Bakeries encourage the use of local resources in larger scale in Nigeria
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ABSRACT - [ Total Page(s): 1 ]It also paid attention to the foundling of the small-scale business in Nigeria. Whereas failure of the large-scale import department assembly to propel the country into a satisfactory course of industrialization necessitate the demagnification of strategy to embrace the promotion of small-scale enterprises achievement under the new strategy has not been adequate with expectations of the stated objectives which were economic growth and development through the mobilization of available local resou ... Continue reading---
