PROBLEMS AND PROSPECTS OF ESTABLISHING SMALL-SCALE ENTERPRISES IN NIGERIA (A CASE STUDY OF SOME SELECTED BAKERIES IN BENIN CITY)

ABSTRACT

This study, the problems and prospects of establishing Small-Scale Enterprises in Nigeria was undertaken to achieve some objectives which include; to ascertain the factors that constitute the problems of establishing small-scale enterprise and to proffer solutions to them as well as to ascertain whether or not small-scale enterprises contribute to economic growth and development using selected bakeries in Edo state as the case study. Data was collected and analyzed and it was discovered that the problems of establishing small-scale enterprises in Nigeria include; poor management, lack of finance, poor infrastructure and government policy. Therefore, the government is being called upon to set up programs that will educate would be entrepreneurial managers, make soft loans and adequate infrastructure available and accessible to them as well as to implement policies that promote the establishment and growth of small-scale enterprises in the country. It was also discovered that small-scale enterprises contribute immensely to economic growth and development; hence its value in any country cannot be over emphasized.

 

 

TABLE OF CONTENTS

Title Page: ------------------------------------------------------------------------------------i

The Fly Leaf----------------------------------------------------------------------------------ii

Certification ---------------------------------------------------------------------------------iii

Dedication: -----------------------------------------------------------------------------------iv

Acknowledgement: ----------------------------------------------------------------------- --v

Abstracts:-------------------------------------------------------------------------------------vi

Table of contents:---------------------------------------------------------------------------vii

List of Tables:------------------------------------------------------------------------------viii

List of Figures:-------------------------------------------------------------------------------ix

 

CHAPTER ONE: INTRODUCTION

1.1   Background of the study-----------------------------------------------------------2

1.2   Statement of the Problem----------------------------------------------------------2

1.3   Objective of the Study--------------------------------------------------------------3

1.4   Research Questions-----------------------------------------------------------------3

1.5   Statement of Hypothesis----------------------------------------------------------- 4

1.6   Significance of the Study-------------------------------------------------------- --4

1.7   Scope of the Study-------------------------------------------------------------------4

1.8   Justification of the Study----------------------------------------------------------- 4

1.9   Definition of the Terms------------------------------------------------------------5-6

CHAPTER TWO – LITERATURE REVIEW

2.0   Introduction--------------------------------------------------------------------------7

2.1   Conceptual Framework-----------------------------------------------------------7-8

2.2   Theoretical Frame Work of the Study-------------------------------------------9-11 

2.3   Literature on subject Matter------------------------------------------------------11               

2.4   The roles of small-scale business in economic growth-----------------------12

2.5   Sources of funds for small scale business--------------------------------------13

2.6    Merits of small scale business--------------------------------------------------13

2.7   Demerits of small scale business-------------------------------------------------14

2.8   Historic of Bakeries in Benin City-------------------------------------------15-16

CHAPTER THREE – RESEARCH METHODOLOGY

3.0   Introduction----------------------------------------------------------------------- 15

3.1   Areas of the Study----------------------------------------------------------------15

3.2   Sources of Data/Collection------------------------------------------------------15

3.3   Method of Data Collection------------------------------------------------------18

3.4   Method of Data Analysis-------------------------------------------------------  18

3.5   Limitation of the Study---------------------------------------------------------- 19

CHAPTER FOUR – DATA ANALYSIS, FINDINGS AND DISCUSSION

4.0   Data analysis, Findings and Discussion----------------------------------------  20

4.1 Data Analysis------------------------------------------------------------------------- 20

4.2   Test of Hypothesis------------------------------------------------------------------ 28

4.3    Findings of the Study-------------------------------------------------------------- 32

4.4     Discussions of Findings---------------------------------------------------------- 33

CHAPTER FIVE – SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

5.0   Summary of Findings---------------------------------------------------------------34       

5.1   Conclusion----------------------------------------------------------------------------34   

5.2   Recommendation---------------------------------------------------------------------35

5.3   Suggestion for further Research----------------------------------------------------35

      References----------------------------------------------------------------------------- 36

      Appendix-------------------------------------------------------------------------------37

 

 

LIST OF TABLES

4.1.    Respondents by Sex----------------------------------------------------------------20

4.2.    Respondents by age-----------------------------------------------------------------20

4.3.    Respondents by religion------------------------------------------------------------21

4.4     Respondents by experience--------------------------------------------------------22

4.5     Respondents by Education---------------------------------------------------------22

4.6     Respondents by Ranks-------------------------------------------------------------22

4.7     Finance as major problem facing small scale industries in Nigeria ----------23

4.8.     Contribution of small scale industries to economy growth and development-----23

4.9.    Dependence of economy growth and development and the prospect of small scale enterprises---------------------------------------------------------------------24

4.10.  Micro finance Bank support to small scale enterprises-------------------------25

4.11.  Commitment of Micro Finance Bank to the financial needs of small scale industries-----------------------------------------------------------------------------25

4.12.  Bakeries Encouragement of local resources in small scale enterprises in Nigeria--------------------------------------------------------------------------------26

4.13.  Poor management a major Challenge to the growth of small scale enterprises in Nigeria-----------------------------------------------------------------------------26

4.14.  Government support Economic policy for small scale industries------------27

4.15.  Observed frequency-----------------------------------------------------------------28

4.16.  Chi- Square---------------------------------------------------------------------------29

4.17.  Observed Frequency----------------------------------------------------------------30

4.18.  Chi-Square---------------------------------------------------------------------------31

 

 

LIST OF FIGURES

1.1     Territorial location of Bakeries----------------------------------------------16

1.2     Functional Departmentalization Organizational Chart--------------------16