This project work focuses on role of small and medium scale in revamping the Nigeria economy.
The small and medium scale enterprises are essential element in providing a solid base for a country economic development, unfortunately, these enterprises have been facing a lot of problem from government, policies and funding facilities available to them.
Chapter one of this research work deals with the background of the subject matter and defines small and medium scale enterprises after which it present a very clear development.
Chapter two also deals with the meaning and definition of small and medium scale enterprises its role which among others includes; production of good and service for both end and intermediate users, and also utilizes low capital cost for creating job especially in a past growing service sector of the economy. It also highlights the contributions of these enterprises to Nigeria economy.
Chapter three of the research work deals with the methodology and design as well as population and population simple, it also deals with the method of data collection and method of data analysis used in the research.
Chapter four deals with the presentation and analysis of data and also a test only deals with discussions, recommendations, conclusion, and suggestion for further research.
Small and medium scale enterprises play a crucial role in providing a solid base for a country’s socio-economy development. According to Nwankwu (1992) in a speech delivered on the financing opportunities of small and medium scale enterprises. It is estimated that probably up to 90% (ninety percent) of all registered categories of business organization in Nigeria are in the category of small and medium scale (SMSE).
The small and medium scale enterprises produce goods and services for both end and intermediate users and also utilize low capital cost for creating jobs especially in a first growing services sector of the economy. Lied Holm and mend (1987) in their contribution have also agreed with the above facts. When they argued on the role of small and medium scale enterprises in providing productive employment and earning opportunity. Small and medium scale enterprise serves as vehicle through which ideas for new products and services fund their way to the consuming public.
Most countries in the world have attained advanced stage in industrial development because they started their industrialization process with programs in the small and medium scale enterprises (SMSE). Through the provision of efficient banking services and infrastructure facilities like portable drinking water, electricity, good road and communication network.
Given the forgoing, an important factor for making a striking impression on the development of these categories lies in the abilities to generate enough fund to business expenditure. The small and medium scale enterprises have also been regarded as an affective way of developing countries of Africa, Asia, and Latin America. The government of these countries have also realized that the large scale industrialization of the past has failed, generally to solve the problem of global under employment and object poverty.
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