TABLE OF CONTENTS
Title page
Certification
Dedication
Acknowledgement
Table of contents
CHAPTER ONE:
BACKGROUND OF THE STUDY
1.1 Introduction
1.2 Importance
of the study
1.3 Scope
of the study
1.4 Statement
of the problem
1.5 Aims and
objective of the study
1.6 Limitations
of the study
1.7 Historical
background of the case study
1.8 Definition
of terms and concepts
Chapter two:
Literature review
2.1 Theoretical
concepts and its characteristics
2.2 Background
information
2.3 Government
roles in development of small scale
industries
2.4 Location
analysis of small scale industries
2.5 Sources
of finance
2.6 Eligibility
of small scale industries to government loan
2.7 Process
involved in obtaining financial assistance
CHAPTER THREE:
RESEARCH METHODOLOGY, DATA COLLECTION AND ANALYSIS
3.1 Research
methodology
3.2 Questionnaires
techniques (primary data)
3.3 Secondary
data
3.4 Testing
the hypothesis
CHAPTER FOUR:
IMPACT AND PROBLEMS OF SMALL SCALE INDUSTRIES IN ECONOMIC DEVELOPMENT OF KWARA STATE.
4.1 Impact
4.2 Problems
of small scale industries
CHAPTER FIVE:
RECOMMENDATIONS AND CONCLUSION
5.1 Recommendations
5.2 Conclusions
Reference
CHAPTER ONE
1.1 INTRODUCTION
One
of the prominent features of the economic structure of most developing
countries is the small side contribution to government development plan made by
industrial sector. Consequently, many of those countries are presently faced
with problem of formulating and implementing a well conceived programmed a
industrial development plan that will reverse the unfortunate trend ensuring
that this dream of a perfect, integrate and consistent patter of
industrialization is achieved, such storage must be appropriate to these
countries condition and levels of development. It is in this line that small scale
industry has been recommended to fill the gap.
The
theme of this study is financial problem facing small scale industries is Kwara
state. The study aims at throwing more light on the basic problem facing small
scale industries which is relevant to the Nigeria economy and by viewing the
available source of finance in some small scale industries in Kwara state.
Moreover, the present economic situation in the country calls for serious attention to be paid to diversification. A situation where a country depends mainly on a single product for the foreign exchange earning is dangerous. Hence, any effort to develop the impact substituting industries should be encouraged small industries present an opportunity for the country to provide locally and therefore limit to a considerable extent the drain on our foreign exchange.
Lastly, any measure for developing the rural urban migration should pay a greater attention to the public and development of the small scale industries.
1.2 IMPORTANCE OF SMALL SCALE INDUSTRIES
It
could be right to also why the research the study important.
The importance of the study originated from the single fact that finance is the life wire of any business. It can be looked at as the ability to purchase things. Finance is sued by a business in its operation just as much as labour and materials purchasing power can transfer from one person to another by lending of money and can thus, be supplied to business of a price just as physical goods and services of labour. Like market and labour finance should be bought in the favourable market and used in the most effective and economical ways
Also the important of small scale industries is better evaluated against the background of the objective laid up for it in peculiar circumstances prevailing in various countries of the world especially it’s contribution towards removal of bottlenecks and other inhibition of industrial growth). Among its very grant importance is its contribution toward removal of indigenous entrepreneur initiative for modern industrial development as emerging industrialist build up their potential in the small scale industries for the greater task of industrial management.
The prevalent problems of shortage of funds skilled labour is steamed through the encouragement and establishment of industries requiring affordable capital and skilled labour of small scale industries.
The
problem of limited market is involved through localization of production
centers is primary market area. The income and therefore effective demand of
the people is increased through increased employment for the rural labour
force.
Furthermore,
the scheme permits special earliest facilities to be given the establishment
that have nothing to attract the instructional credit agencies and these
facilities the acquisition of machinery raw material factory accommodation as
well as encouraging manpower training.
Also,
the inform, choice of ambitions industrialist in term of technology industry or
product lines plant size equipment product process will be greatly reduced when
they have personally experienced small specialize industries with requirements
commitment and risk.
Management
techniques are also advanced in the small scale industries to facilitate the
growth of management and marketing potential of indigenous industrialists as to
be able absorb demand change of the growing and complex society.
Small
businesses also pre-empty the used lack of knowledge on standard and appealing
product designs that are common with small scale industrialists of developing
countries.
Lastly,
fervently hope that useful ideas would come out for investors on the source of
finance and obtaining some when required.
1.3 SCOPE OF THE STUDY
As
earlier mentioned the focus of this study was financial problem facing small
scale industries in Kwara state the research project examine and studies the
related problem and prospects in the investment of small scale industries in Kwara
state with particular reference to Global soap and detergent industries Ilorin
located in Ilorin the state capital and as a barometer of activities of small
scale industries in other divisional head quarter and in Nigeria at larger.
This research work has therefore enunciated the back problem setting small
scale industries in raising funds to finance its programme.
Moreover,
the questionnaires which have been distributed and filled deals with certain
questions aimed to prove social background of the respondent as it can affect
their business life. Other special questions deal with capitalization staff
straight government role in is development, assistance needs and
recommendations.
Information
have been collected from the ministry or trade and industry, Kwara state
investment corporations federal ministry of trade business registration units
official sets.
However
in view of the fact that only fifty small scale industries have been served
questionnaire all of which were located in Ilorin Township it was not possible
to make a broad nationwide generalizations of the result obtained.
1.4 STATEMENT OF THE PROBLEM
The small scale
industries are still faced with many problems which stand
as obstacles to it
rapid growth in Kwara state. The factors which constitute
the main obstacles to the industries growth may be categorized as management, technical,
commercial and financials.
The management problem arises from the one stated ability
of the manager/owner of the business or enterprises. The problem
of finding the right success or
to him often his retirement or debt and
the shortage or absence of staff/officer capable of advising him on management policies, this limited education and training
and the rural and sub-urban nature of his functions allocation further deny him access
to modern management limited technical
and possibilities make the risk of lending money to small
industries very high, in return the
shortages of busies capital further
aggravate the technical , commercial
and managerial problems .
The managerial and technical problem facing the small
scale industries in the state can be
improved upon if not totally stopped
by the assistance of small scale industrial
credit scheme and industrial
development centre by organizing
training and service.
In conclusion with the industrial training find for various
entrepreneur in the state so as to
improved and open them to modern manage and technical training which participants
of the services in their industries
productivity , also , the
traditional advice offered but the
industrial development centre
will also solve the managerial technical
problems of the various in- industry list
The training and seminars can either be twice or thrice in
a years. The financial problems can actually be reveals even now that the federal government has reduces
the interest on loan to small scale industries in the country which
will now encourage many small
scale industrialist to borrow for
industrial development as well as reduce the bottle rock
problem that usually
discharge them from borrowing
either to expand or set a new small scale industry.
Through the trade associations for small business government and
government subsidized institution
technical , financial as
commercial information can be made available to the small scale
industries.
In addition, banks and various other external
advisers can help as much as possible
to fill the gap in the management function and
contributes to the quality
of decision made and the production techniques adopted
by these industries.
In conclusion, the
small scale industrialist required a lot of encouragement from
financial institution and
government given the necessary of
Intensive supervision by a body
interested with control supervision of small scale industries. They can grow up and contribute
immensely to the industrial and economic
growth of the state and the whole country.
- AIMS AND OBJECTIVES OF THE STUDY
FINANCIAL PROBLEMS FACING SMALL SCALE INDUSTRIES (A CASE STUDY OF GLOBAL SOAP AND DETERGENT INDUSTRY ASA-DAM ROAD ILORIN)
