THE IMPACT OF SMALL AND MEDIUM SCALE INDUSTRIES ON THE ECONOMIC GROWTH OF NIGERIA (1986 - 2010)

 

ABSTRACT 

The study investigates the impact of small and medium scale industries on 

the Nigerian economy, spanning from 1986 to 2010. The study adopted 

Ordinary Least Square (OLS) Linear Specification model. Using unit root 

test, the work shows that small scale industries significantly contributed to 

the economic growth in Nigeria despite poor funding by commercial banks. 

The work recommends among others that government should improve its 

monetary policies so as to reduce to an acceptable level, the rate of 

interests charged by commercial banks as well as encouraging rural based 

industrialization, whereby investors are encouraged to establish small and 

medium scale industries that would be based entirely on local raw 

materials, machines and equipments. 

 

 

TABLE OF CONTENT 

 

TITLE PAGE - - - - - - - - i 

APPROVAL PAGE - - - - - - - - ii 

DEDICATION - - - - - - - - iii 

ACKNOWLEDGEMENT - - - - - - - iv 

ABSTRACT  - - - - - - - - - vi 

TABLE OF CONTENT - - - - - - - vii 

 

CHAPTER ONE 

1.0 INTRODUCTION  - - - - - - 1 

1.1 BACKGROUND OF THE STUDY - - - - 2 

1.2 STATEMENT OF THE PROBLEM - - - - 8 

1.3 OBJECTIVES OF THE STUDY  - - - - 9 

1.4 STATEMENT OF HYPOTHESIS - - - - 10 

1.5 SIGNIFICANCE OF THE STUDY - - - - 10 

1.6 SCOPE AND LIMITATION OF THE STUDY - - 11 

 

 

 

CHAPTER TWO  

2.0 LITERATURE REVIEW - - - - - - 12 

2.1 THEORITICAL LITERATURE - - - - - 12 

2.2 EMPIRICAL LITERATURE - - - - - 14 

2.3 LIMITATION OF PRECIOUS STUDIES - - - 41 

 

CHAPTER THREE 

3.0 RESEARCH METHODOLOGY - - - - - 49 

3.1 RESEARCH DESIGN - - - - - - 49 

3.2 METHODOLOGY - - - - - - - 49 

3.3 MODEL SPECIFICATION - - - - - 50 

3.4 METHOD OF EVALUATION - - - - - 52 

3.5 DATA REQUIRED AND SOURCE/SOFTWARE PACKAGE 55 

 

CHAPTER FOUR 

4.0 PRESENTATION AND ANALYSIS OF RESULT - - 56 

4.1 PRESENTATION OF REGRESSION RESULT - - 56 

4.2 RESULT INTERPRETATION - - - - - 58 

 

 

CHAPTER FIVE 

5.0 SUMMARY, RECOMMENDATION AND CONCLUSION - 70 

5.1 SUMMARY - - - - - - - - 70 

5.2 CONCLUSION  - - - - - - - 70 

5.3 RECOMMENDATIONS - - - - - - 72  

 BIBLIOGRAPHY - - - - - - - 74 

 APPENDIX