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The Role Of Small Scale Business In Economic Growth And Development In Nigeria
[A CASE STUDY OF SOME SELECTED SMALL SCALE BUSINESS IN ILORIN, KWARA STATE]
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1.3 OBJECTIVES OF THE STUDY
The major aim of this research is to find out the major contributions of small-scale enterprises to the economic growth and development of Nigeria.
Other aims and objectives are:
1. To investigate into the problems faced by small-scale enterprises.
2. To determine the extent of involvement of both the government and financial institution in financing small-scale enterprise.
3. To find out the limitations inherent towards expansion of small-scale enterprises.
4. To suggest and recommend measures that may help in solving problems.
1.4 SCOPE AND LIMITATIONS OF THE STUDY
The scope of small-scale enterprises is so wide that thousand of researchers cannot even cover the Kwara State talkless of Nigeria as a country.
With regards to this philosophy, I limit my studies to some selected small-scale enterprises reside in Ilorin area.
As a student talking up this expensive job, since my resources are limited, I have decided to limit y studies to small-scale enterprises in Ilorin in other to reduce cost and expenses and march-up with my financial resources. But, this is not to say I will not sight equally good example of small-scale enterprises in other locations.
1.5 SIGNFICANCE OF THE STUDY
If small-scale enterprises are promoted and properly financed it will accelerate the economic growth and development of Nigeria in the following ways:
* It will generate employment opportunities.
* Standard of living of people will be improved,
* To discover another way by which small-scale enterprises can develop an economy.
* The recommendation that will be given can be a source to end the problems affecting the growth and development of Nigerian economy.
The projects finding can help other students who love to do research n the area of small-scale enterprises in future (it can be used are reference).
1.6 DEVELOPMENT OF SMALL-SCALE ENTERPRISES
The precise data of the establishment of small-scale enterprises in Nigeria is not available, but the fact still remains that small-scale enterprises has been in existence some years back during the colonial era (pre-independence).
What led to the birth and development of small-scale enterprises then and up till now was due to the poor standard of living in Nigeria The government found out that there is poverty here and there especially in the rural area of the country, level at villages and towns is causing an inflow of rural people that suppose to care for their households at home and villages now migrate to urban area like Lagos, Kano, Ibadan etc. This migration has caused over population in all these large towns, therefore the standard of living of people has dropped. The only and best way has to check this abnormality is to establish small-scale enterprises in other to improve the standard of living of people.
However, the development of small-scale enterprises in Nigeria has an important element in the strategic point in developing Nigeria as a country, Federal Government is adopting in its efforts to industrialize the country and to build a self-reliant economy.
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