This research project is a very crucial study of contributions of small scale business enterprises to economic development. It is divided into five (5) chapter. Chapter one begins with introduction of the study which deals with the procedure and techniques used to carryout the study of the research. It provides a detailed accounts of methods used in collecting the data, way these methods were chosen amongst others, what data were collected, obtained and how they were obtained and analyzed. In other words below are the methods used in obtaining data this research study.
Both primary and secondary data were collected to solve the research instrument used for data collection were questionnaires, oral interview frequency tables and percentages were used in presenting and analyzing the data collected. The chi-square formula was also used to test the various hypothesis.
Form the data analysis, the researcher came up with the following findings.
Based on the findings, the researcher recommended the following.
The conclusion of the study is that promotion of small scale enterprises must occupy a prominent position in both the state and federal government industrial policy. Most especially if the sate hopes to occupy its rightful place as a leading industrial state in Nigeria.
Suggestions for further study is that more studies should be carried out to actually determine the huge potentials of small scale industries and it’s impact on the economic development of the nation more importantly it’s employment generation capabilities.
Nigeria economy far back before the advent of oil exploration in the early 70’s was an agrarian economy. Nigeria was not considered a rich country at the time, but the nation was able to fed itself adequately and the economy was very buoyant. At this time, 85% of the country’s export earning was from agricultural product. During this period also, Nigeria has been making concerted effort toward the economic development of the sovereign nation. Most enterprises propelling the activities of the nation were mainly on large scale being set up by the federal government which were capital intensive, these enterprises were being operated mostly by foreigners some other industrial plants in the economy then, were owned by Europeans and also master minded by their experts.
The oil boom era shifted the nation’s emphasis from agriculture to mainly cruse oil. Nigeria had a lot of money, but that was the starting point of the problem of the economy. The economy could not move forward due to mismanagement by the country’s leadership that led to conspicuous extravagant spending the nation started suffering from economic depression such as inflation mass unemployment, high foreign debts, money devolution’s and so many others.
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