AN EVALUATION OF THE CONTRIBUTION OF SMALL AND MEDIUMS SCALE ENTERPRISES (SMEs) TO THE ECONOMIC DEVELOPMENT IN NIGERIA (A Case Study Of Eight (8) Selected SMSE In Ilorin Metropolis)


AN EVALUATION OF THE CONTRIBUTION OF SMALL AND MEDIUMS SCALE ENTERPRISES (SMEs) TO THE ECONOMIC DEVELOPMENT IN NIGERIA (A Case Study Of Eight (8) Selected SMSE In Ilorin Metropolis)  

TABLE OF CONTENTS

Title Page

Certification

Dedication

Acknowledgement

Table of Content

CHAPTER ONE

Introduction

1.0 Background of the Study

1.1 Statement of the Problems

1.2 Objectives of the Study

1.3 Research of the Study

1.4 Significance of the Study

1.5 Scope and Limitation of the Study

1.6 Organization and Planning of Study

CHAPTER TWO

LITERATURE REVIEW

2.0 Definition  of Small and medium scales Enterprises

2.1 SMSE as a study for Economic Development

2.2 SMSE and Employment Opportunities

2.3 SMSE and Utilization of Local Resources for production

2.4 SMSE and its financing 

2.5 SMSE and self Reliance

References

CHAPTER THREE

RESEARCH METHODOLOGY

3.0 Introduction

3.1 Characteristics of the Study Population

3.2 Sample Design and Procedure

3.3 Method of Data Analysis 

3.4 Data Collection Instrument and Administration

3.5 Sample size 

3.6 Limitation/Problem of Data Collection

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.0 Introduction to Eight (8) Selected SMSE in Ilorin Metropolis

4.1 Presentation of Data

4.2 Respondents by Variables

4.3 Analysis of research Question

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.0 Summary of Findings

5.1 Conclusion

5.2 Recommendations

References

CHAPTER ONE

INTRODUCTION

1.0 BACKGROUND OF THE STUDY

This study will have its fundamental root from the contribution of small and medium scale enterprises (SMSE) o the economic development in Nigeria.

Apart from the potential development of small and medium enterprise for ensuring a self reliant industrialization in terms of the ability to rely largely on local raw materials. It is also a good strategy to boost employment and guarantee an even distribution of industrial establishments in the country including the rural area.

In all countries of the world, small and medium enterprises have emerged as an important agent of economic and social transformation. The promotion of small and medium enterprises (SMES) is no longer just the business of the world association for small and medium enterprises (WASME) and other Non-Government organization (NGOS) but as become a major policy thrust in industrialized and developing countries.

In industrialized countries, recent innovation in information technology, industrialized designation and global competition have propelled the spread of small business and forced large cooperation to search for new strategies to gain competitive operations. Small and medium enterprises (SMSE) could help to facilitate mobilization of capital and human resources that could otherwise be left idle.

An important feature associated with small and medium enterprises which is particularly relevant to our current economic problems is that, these industries characteristically, depend less on imported inputs relative to their total capital investment than large scale industry. Small and medium enterprises (SMSE seek to diffuse economic power by helping to check imbalance seek to diffuse economic power by helping to check imbalance between various locality of a country and between different income groups in the same locality.

1.1 STATEMENT OF THE PROBLEM

As it could be observed, the contribution of small and medium scale enterprises (SMSE) towards the development of Nigeria economy has not been able to achieve the desired progress due mainly to a number of constraints.

This research work has identified the associated problems militating against the contribution of SMSE towards the development of the economy and thus, summarized them as follows:

i. Understanding how much time it will tale to build a market.

ii. Inability to maintain customer relation.

iii. Wrong choice of product

iv. Failure to understand changing economic condition

v. Failure to keep complete accurate records so that proprietor drifts solution trouble without realizing.

Given the fact that many factor militate against small and medium enterprise and constitute the development towards the nation economy.

1.2 OBJECTIVE OF THE STUDY

SMSE have been identified as a fundamental feature of the economy which can generate over 70% of economic activity as well as become the engine of growth required by the Nigerian government for the much needed sustainable development in terms of job and wealth creation.

1. The aim of this project is to identify the contribution of SMSE to the economy development in Nigeria.

2. To evaluate the various sources of finding SMSE including the special credit program and skill introduce the years in Nigeria.

3. To highlight the major factors that have initiated against the effective contribution of SMSE in Nigeria economic development

4. To examine the distribution of small and medium scale enterprises in Ilorin Metropolis.

5. To suggest recommendation for the problem identified for future guidance.

1.3 RESEARCH QUESTION

Corollary to the above, therefore this work aims at answering the following research questions.

i. Can small and medium enterprises be used as a strategy for economic development in Nigeria?

ii. To what extent can small and medium enterprises provide employment opportunities for the populace

iii. How can small and medium enterprises base mainly on the utilization of local resources for production alone?

iv. What are the effective sources of finance to small and medium enterprises in Nigeria?

v. In what ways can small and medium enterprises lead to economic self-reliance in this country?

vi. How can other sources be found and properly managed?

1.4 SIGNIFICANCE OF THE STUDY

The study is tailored towards the education of policy makers in Nigeria on the importance of small and medium enterprises (SMSE) in the development of the economy which will in turn improve the standard of living of Nigerian citizens.

In developed countries, small and medium enterprises (SMSE) have remained the dynamic sector of the economy. The East Asia miracle was built on the foundation of throwing small and medium enterprises (SMSE).

Small and medium enterprises are widely seen as a panacea for unemployment and economic recession. Therefore, for the small and medium enterprises to serve the expected role of catalyst for rapid industrial and economic development there is need for more strategy for improved access to development finance for small and medium enterprises that would address the inability to provide collateral security for loan from normal credit institutions. Hence the relevance of this study which aims at other things examines further option for improving the flow of formal credit to small and medium enterprises (SMSE).

1.5 SCOPE AND LIMITATION OF THE STUDY

This project attempts evaluating the various sources of findings the small and medium enterprises (SMSE) including the special credit programme and schemes introduced over the year in Nigeria to improve small and medium enterprises (SMSE) access to developing finance.

The scope of this study is limited to the available and functioning SMSE in Ilorin metropolis as at the time of this research work.

The study also access the impact of the formal institution and schemes/programme n terms of their ability to boost small and medium enterprises access to credit. It also highlights the major factors that have militated against their effectiveness.

The major limitation of this project centers on the problem of questionnaire the study recognizes. The fact that there are areas that needs probing into but due to lack of sufficient data, insufficient cost in terms of finance and time, such areas could not be covered.

1.6 ORGANIZATION AND PLANNING OF THE RESEARCH 

For ease of presentation, this project is structured into five chapters.

The first chapter introduces the subject matter which includes the background of the study, statement of the problem and the objective of the study. The scope and limitation were also highlighted.

Chapter two provides the review of relevant interaction, various definitions of SMSE and the importance of SMEs in economic development and self reliance.

Chapter three takes a look at the research methodology. This embrace the characteristics of the study population, sample procedure and sample size. If also looks at data collection, instruction and administration.

Chapter four looks at the presentation and analysis of data with regards to various sources of finance available to small and medium enterprises (SMEs). It also enamines the distribution of small and medium enterprises in Ilorin metropolis.

Lastly, chapter five which is the end of the project deals with the summary of the entire write-up, the conclusions and recommendations for improvement.

.

AN EVALUATION OF THE CONTRIBUTION OF SMALL AND MEDIUMS SCALE ENTERPRISES (SMEs) TO THE ECONOMIC DEVELOPMENT IN NIGERIA (A Case Study Of Eight (8) Selected SMSE In Ilorin Metropolis)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.