The federal government of Nigeria has continued to support small and medium scale business enterprises in its bid to promote the general economic development of the country and to lay a solid foundation to industrialization. In this essay, an attempt is made to create awareness amongst students as well as the general public on the various forms of support the federal government gives the important aspect of the national economy. The essay covers three main chapters: chapter one contains the introduction, objectives of the study, scope, significance of the essay, definition of terms. The second chapter reviewed various literatures from different authors on the topic. The chapter also discussed generally what small scale business is, the role of government in promoting small businesses and its advantages. Chapter three contains findings, conclusions, recommendations and bibliography.
Small scale business constitute an important component of the Nigerian industrial sector. The importance of this sector cannot be over emphasized, especially in a typical developing country like ours where the level of youth unemployment is rising beyond control. Hence small scale industries generate employment opportunities per unit of capital investment because they are generally more labour intensive which are more capital in nature. A large scale industry that cost N20million for instance, may employ a mere 70 (seventy) workers or less. Where as a small scale industry that cost just N150,000 (one hundred and fifty thousand naira) may employ about 20-30 workers.
Small scale business specialized in the production and marketing of various products and services ranging from food, beverages, drinks/sachet water, cosmetics, spare parts and many others.
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