SMALL-SCALE INDUSTRIES DEVELOPMENT IN ANAMBRA STATE: PROBLEMS AND PROSPECTS. (A CASE STUDY OF AWKA AND NNEWI INDUSTRIAL AREAS)
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SMALL-SCALE INDUSTRIES
DEVELOPMENT IN ANAMBRA STATE: PROBLEMS AND PROSPECTS.
(A CASE STUDY OF AWKA AND NNEWI
INDUSTRIAL AREAS)
TABLE OF CONTENT
Title
Approval
Dedication
Certification
Acknowledgement
Table of content
List of Tables
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose of the study
1.4 Significant of the study
1.5 Research questions
1.6 Hypotheses
1.7 Scope of the study
1.8 Definition of terms
CHAPTER TWO
LITERATURE
REVIEW
2.1 Brief Introduction
2.2 Review of current literature
2.3 Summary of Literature Review
CHAPTER THREE
METHODOLOGY
BRIEF
OUTLINE OF THE CHAPTER
3.1 Design of the study
3.2 Area of the study
3.3 Population of the study
3.4 Sample of the study
3.5 Instrument for data collection
3.6 Validation of the instrument
3.7 Distribution and retrieval of the instrument
3.8 Method of data analysis
CHAPTER FOUR
PRESENTATION
AND ANALYSIS OF DATA
BRIEF
INTRODUCTION OF THE CHAPTER
4.1 Presentation
and Interpretation of data according to Research questions and Hypothesis
4.2 Findings
4.3 Discussion of the findings
CHAPTER FIVE
SUMMARY,
CONCLUSION AND RECOMMENDATION
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
5.4 Limitations of the study
5.5 Suggestion for further studies
References
Appendix
A – Letter of Request
Appendix
B - Questionnaire
LIST OF TABLES
Table 1: Do you think that the provision of infrastructure,
power supply, availability of land will solve the problem of industrial
development.
Table 2: Do you agree that government creation
enabling environment such as allowing the importation of raw materials and
given tax holding to industries among the solutions to the problems?
Table 3: Do you think that find can be obtained in the
following sources to finance industrial development, bank loan, government
grants loan, borrowing from friends or relatives and personal savings?
Table 4: Do you agree that skilled manpower will be
attracted due to availability of funds?
Table 5: Do you consider the rural set-up of the
industries as one of the problems of lack of skilled manpower.
Table 6: Do you see lack of skilled manpower as one of
the problems militating against the development of industries in your
area?
ABSTRACT
THIS RESEARCH
IS AIMED AT SMALL-SCALE INDUSTRIES DEVELOPMENT IN ANAMBRA STATE:
PROBLEMS AND PROSPECTS. SMALL-SCALE INDUSTRIES ARE
THOSE INDUSTRIES THAT ARE PRIVATELY OWNED BY ITS OWNERS IN A PURELY
PERSONALIZED WAY WITHOUT A FORMALIZED MANAGEMENT STRUCTURE. SMALL-SCALE
INDUSTRIES IS NEEDED FOR SPEEDY GROWTH AND DEVELOPMENT ESPECIALLY FOR ABILITIES
TO BOOST THE LARGER INDUSTRIES, SOCIAL INFRASTRUCTURE, AGRICULTURE ETC.
SMALL-SCALE ENTERPRISES IS HOWEVER FACED WITH A LOT
OF PROBLEMS. IT IS AGAINST THIS BACKGROUND THAT THIS PROJECT IS UNDERTAKEN TO
TAKE A CRITICAL LOOK AT SMALL-SCALE INDUSTRIES IN AWKA AND NNEWI. IN CHAPTER
ONE WHICH IS THE INTRODUCTION, THE RESEARCHER DISCUSSED THE STATEMENT OF THE
PROBLEM, PURPOSE, SIGNIFICANCE OF THE STUDY, RESEARCH QUESTIONS, HYPOTHESIS,
SCOPE AND DEFINITION OF TERMS. CHAPTER TWO DEATH MUCH ON VARIOUS LITERATURE
REVIEW, PROBLEMS AND PROSPECTS AND SUMMARY OF THE LITERATURE REVIEW. CHAPTER
THREE REVIEWED THE METHODOLOGY OF DATA COLLECTION. CHAPTER FOUR SHOWS HOW DATA
WAS COLLECTED, PRESENTED THE SUMMARY,
CONCLUSIONS, RECOMMENDATIONS AND REFERENCES.
FINALLY, MY
OPINION BASED ON THE FINDINGS OF THIS PROJECT, SMALL-SCALE BUSINESS IS THE
MAINSTAY OF THE NIGERIAN ECONOMY, PROVIDING ALMOST SEVENTY PERCENT (70%) OF
EMPLOYMENT TO THE SOCIETY IN THE ANAMBRA
STATE.
CHAPTER ONE
INTRODUCTION
The dynamic role of small-scale industries as
engine of growth in developing countries has long been recognized. According to
Ukeje (2004:108). It’s accelerative effect in achieving macro-economic
objectives such as full employment, income distribution development of local
technology, as well as diffusion of management skills and stimulation of
indigenous entrepreneurship has been well documented in economic literature.
Their importance has become such as to make them a pivotal focus of economic
development.
That
was exactly what Nigeria did since the second national development (1974-1979)
that is development jof industries, because they have seen the need to be
self-reliance which will lead to genuine development and survival as well as
improve the effective management of local resources, both human and materials.
Development
of small-scale industries was encouraged in the document found in the third and
fourth national development plan, with the aids of providing empowerment
opportunities, management of local resources, thereby recording rural urban
migration. The above plans emphasized that paying attention to agriculture, manufacturing,
education, manpower development, Infrastructural facilities will improve the
quality of life for average Nigerians
1.1 BACKGROUND
OF THE STUDY
Economic
history of various developed countries have shown that industrial revolution
has been the led by small-scale industries which are indeed the bedrock of an
industrial growth.
Nigeria as a
developing nation is battling for her economic survival, which can however not
be achieved without acquisition of industrial and technological power and
enough manpower both skilled and unskilled to cope with the struggle.
Nigeria economy
has in the last two decades passed through various phases, starting from the
oil boom in the seventies and followed by the era of unplanned and reckless
spending our wealth. This is followed with the emergence of economic doom which
has necessitated the introduction of austerity measures and structural
adjustment programme (SAP).
The
industrial growth of the nation has no scientific approach. The planning in
some measures did not analyze the backwardness in the economy. This is noted,
as the various government did not provide adequate encouragement to industrial
development of nation.
Before
our economic problems, foreign capital was cheap and the business of importing
and selling of finished products was most profitable. These importers generated
excess liquidity and invested their funds making in acquisition of landed
property. Investment was merely neglected because of tortuous process of
establishing in Nigeria.
During
the boom, therefore most industrial projects were sponsored by multinationals
and the governments, small industries were neglected as there were little
incentives in manufacturing at low level.
With
the introduction of austerity measures and structural adjustment programme
(SAP) import trade business become more difficult as many commodities were
banned or put on license with high import tariff to conserve foreign funds and
encourage local manufacturers.
Many
businessmen therefore, started thinking of industrial ventures to produce their
wares locally. Hence, the massive investment on small-scale business.
1.2 STATEMENT
OF THE PROBLEM
i.
Insufficient
finance
ii.
Low technical
base enabling environment and logic supply.
iii.
Lack of
managerial expertise
iv.
Communication
difficulties
v.
Inadequate
infrastructures.
1.3 PURPOSE
OF THE STUDY
i.
To increase
the capital accumulation of the indigenous entrepreneurs in Anambra State.
ii.
To increase
the dispersal of industries
iii.
To improve the
technological skills and capabilities available in the state.
iv.
To motivate
inter-local government area relationship through industrial products patronage.
v.
To provide
greater employment opportunities
1.4 SIGNIFICANCE
OF THE STUDY
i.
It will unveil
some of the major problems facing the development of small-scale industries.
ii.
To give the
reader an overview of the problems, and the role developing small-scale
industries play.
iii.
To benefit
both economists and students who may like to carryout further research.
iv.
The findings
and recommendations will be of great value to the small-scale industries as a
way of improving and reducing such problems.
1.6 RESEARCH QUESTIONS
1.
How much money
did you start your business with?
2.
Do you think
you have really progress if you compare your initial with the amount you have
now?
3.
What type of
business do you operate?
4.
Do people
patronize your industry very often?
5.
How efficient
are your staffs?
6.
Do you think
there will be need to employ more people in your industry?
1.7 HYPOTHESIS
Ho: Insufficient finance does not affect the development
of small-scale in Anambra
State.
H1: Insufficient finance affects the development
of small-scale in Anambra
State.
Ho: Lack of managerial skills does not affect the
growth of small-scale industries in Anambra
State.
H2: Lack of managerial skills affects the growth
of small-scale industries in Anambra
State.
Ho: Inadequate infrastructures does not affect
small-scale industrial development in the state.
H3: Inadequate infrastructures affects small-scale
industrial development in the state.
Ho: Low technical base does not affect the
development of small-scale.
H4: Low technical base affects the development of
small-scale.
1.8 SCOPE OF THE STUDY
This research work carried out in Awka and Nnewi
in Anambra State, which makes it suitable for
carrying out marketing research work on small-scale industrial development.
1.9 DEFINITION
OF TERMS
SMALL-SCALE: central
bank of Nigeria (CBN) defines small-scale business as one which annual sales
turnover is less than half a million Naira.
FINANCE: The
initial capital used to start and maintain a business.
BUSINESS: Any
organization established for economic purpose.
MANAGEMENT: The process of planning, organizing,
directing and controlling the work done by members of an organization,
utilizing available resources within the organization to achieve its main goal.
DEVELOPMENT: It has to
do with the changes in positive direction in order to improve in a country.
OBJECTIVES: It is
goal that has a comparative short life span and specific measurable
achievement.
INDUSTRY: It
is where raw materials are converted into finished goods, or it could be people
and activities involved in producing a particular thing or services.
MANUFACTURING: It refers to industries that produce goods in
large quantity in factories.
PROBLEM: It
is a difficult situation
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