Contribution Of Small-Scale Business To National Economic Growth And Development

This paper analysed the contribution of small-scale business to National Economic Growth and Development in the Country. It also paid attention to the foundling of these enterprises.
Where as 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 resources, employment generation and industrial dispersal as well as mitigation of rural urban migration. This paper identified this lack of list achievement with problems associated with severe lack of managerial and technical skills among Nigerian small-scale industrialists, inadequate of financial resources as well as infrastructural deficiencies.
Chapter one contains a general discussion of the contribution of small-scale business to economic growth and development as seen by different people. It went further to state the problem to be studied and why this study was carried out, the scope and limitation of the study and finally the proposition and the definition of terms.
A number of past related literature examined by other studies as it relates to the contribution of small-scale business in Nigeria are highlighted in chapter two.
Chapter three deals with the design of the study, the methods used in collecting relevant data. It also deals with way the questionnaires were distributed and the treatment of data, and statistical techniques used.
The data got from the research survey were analysed and interpreted. Also similar questions on both questionnaires were compared in chapter four.
Finally, the summary of findings conclusion in the research and recommendation made by the researcher are all in chapter five.
If small-scale business will put the recommendation on how to achieve economic growth and development to use, such as increasing availability of credit by raising interest rate ceiling and permitting a “spread” that makes it worthwhile for banks to lend to small-scale business or by increasing the number and range of investment etc. problems of small-scale business will be a thing of the past.