ASSESSMENT OF MANAGEMENT OF SMALL SCALE BUSINESS IN NIGERIA

CHAPTER ONE

1.0       INTRODUCTION    

An over view of small scale business.

Advanced countries have found that industrialization through highly complex and sophisticated technology don not create the required impact it is realize that it is the small and medium scale industries that provides the main impetus for national accelerated economic development.

In Japan for instance, virtually every home is technically considered a factory. While in the United States, small scale industries employ about 60% of the labour force (NBC1 1995 managing directors address to the Lagos chamber of commercial and industry) thus the world over, the small and medium scale business have become the significance ingredients for economic development in recent time the federal government of Nigeria polices emphasize that setting up of small scale business by private individuals and the expansion of already existing ones. To this end, the government has established the peoples Bank. The Nigerian  Bank for commerce and industries (SSICS) industrial development centres (IDC). National Economic Reconstruction Fund (NER FUND) etc. All these are geared towards encouraging the growth of small scale businesses.

1.1    BACKGROUND OF THE STUDY.

The main issue in this write up is the socio-political development of Aku Community. This broad issue requires in-depth information on the social economic and political dynamics in Ikolo. To allow a scholarly discuss, I would rather particularlize than generalize the topic in other words, I will deliberate more on ht political development  in Ikolo with much bias on the governing of Ikolo Community Vis-a-sis the decision making processs in Ikolo community. The descendant of Okpara the husband of Umuasi and the founder of Ikolo community Ikolo people have great regards for age consequently, age assumes a sacred status community. Axiomatically, the government of Ikolo is vested with much power that like the parliament in the presidential system is capable of doing anything except turning a woman into a man biologically. Much more than the legislative body however, the Oha is also vested with executive and the judicial functions. It summarily means that the governorship of Ikolo revolves around the Oha Aku. Oha Ikolo: the Oha is the highest legislative organ (assembly ) of the community and as well as the highest adjudicating body. By formation Oha Ikolo is a collection/committee of the elderst men from each of the ten villages that make up Ikolo community. But for Ikolo-Ani and Amauwani villages. In other words, Ikolo-ani and Amauwani villages have a different modus to the selection of an Oha to represent them. As against the automatic membership of the oldest amn as an Oha belongs to a deity known as the Agbuiyi: it is therefore, the chief priest of the Agbuiyi deity which is from (as the deity is of Ikolo-ani) that become Oha in the same vein Amauwani village produces two member of the council of elders one being automatic at the incidence of being the chief priest of Iyi-uzu the stream god of Ikolo and the second being a member as a result of his being the eldest and in the village numerically therefore, Oha Ikolo is composed of eleven physical persons. Though, the two Ohas of Amauwani are practically not recognized as they have only one share in Ikolo and even amongst the council of elders themselves. The Oha title taking ceremony, during the ceremony, they have two shares because each of them must have performed the ceremony.