THE ROLE OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF A NATION. (A CASE STUDY OF ABA URBAN AND UMUAHIA IN ABIA STATE OF NIGERIA.)

THE ROLE OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF A NATION. (A CASE STUDY OF ABA URBAN AND UMUAHIA IN ABIA STATE OF NIGERIA.)

CHAPTER ONE:

INTRODUCTION.      

Small-scale industries play a vital role in the Material welfare of many nations today’s especially the developing nations.

They makes specific contributions depending on the form and objectives. Some produces raw materials, distribute products or provide services while others them the  raw materials into finished goods or products. The need of most developing countries is to attain self-reliance and resilient economic status capable of generating an internally sustaining growth. Small-scale industries are the roots and pillars upon which h this can be achieved. The activities of any small-scale industry in any give economy cannot be over emphasized especially mow the country is in political disarray and needs be called to orderliness.

Moreover, they provide avenues for the development of entrepreneurial capabilities and managerial skills.

As the business requires low capital for setting it-up, such industries spring up in different parts of the country making maximum use of local raw materials.

Despite the large number of small-scale industries in the country, Common Nigerians, While urban concentration, unemployment and other vices which these industries were meant to eliminate persist.

It is as a result of negative effect in our economy that need for the diversification of economic activities through several ways of reviving the Nigerian economy become comparative one, of which is an effective and efficient role played by small- scale industries in economic development ofNigeria.

1.1            BACKGROUND OF THE STUDY:

In the earning of industries,Nigeriaand other countries were merely producers of raw materials for use in European industries.

While the raw materials which have been turn into the finished goods were more concerned with the maintenance of  law and order, and putting in structures for easy evaluation of raw materials than industrizing the colonies

SinceNigerialacked the necessary tools for  capital investment, technical and managerial skilled necessary to promote and operate viable enterprises, foreign investors in a bi d to tap the abundant  resources in the country took the initiative of establishing small-scale  industries.

THE ROLE OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF A NATION. (A CASE STUDY OF ABA URBAN AND UMUAHIA IN ABIA STATE OF NIGERIA.)