THE PROBLEMS OF FINANCING A SMALL SCALE BUSINESS IN NIGERIA
A CASE STUDY OF GARRI PROCESSING INDUSTRY ABAKPA NIKE ENUGU
COMPLETE PROJECT MATERIAL COST 3000 NAIRA
ORDER NOW
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER: 0115939447
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
We also accept : ATM transfer , online money transfer
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>
Call Help Desk Line : 08074466939,08063386834.
After Payment Send Your Payment Details To
08074466939 Or 08063386834, The Project Title You Selected On Our Website , Amount Paid, Depositor Name, Your Email Address, Payment Date. You Will Receive Your Material In Less Than 1 Hour Once We Confirm Your Payment.
WE HAVE SECURITY IN OUR BUSINESS.
MONEY BACK GUARANTEE
You may also need: web design company in Nigeria
ABSTRACT
Since independent Nigeria the giant of Africa has spent much time and resources, both human and a material trying to convince the developed countries and indeed the whole world that she (Nigeria) is capable of developing her industrial capabilities.
Much of the efforts made in this direction have found expressions mostly in international conference and seminars, newspapers report, radio announcements and various national development plans.
Industries have actually increase since after the independent, but the disappointing record of economic performance in the last decade has led to the reopening of the debate on the strategy of industrialization.
Nigeria is still a net import of all sorts of goods from needless to heavy machinery, simple because most of the industries where established for their immediate lucrative such as beer, soft drink and other consumers goods industries without the consideration to nation’s industrial needs or for the utilization of local materials.
Besides most of the large scale industries before the industrialization decree were foreign owned and were associated with significant possibilities of income leakages. This inspite of the rapid increases in the gross national productivity (GNP) in last decade, the poorest segment of the population peculiarity those in the rural areas has received relatively little benefit.
Unfortunately the bulk of Nigeria businesses are small-scale industries of the number of business establishments, they account for about 80% or above of the total number of enterprise in the country.
The important role they play in the development process was observed by the first progress report of the second National Development plan “in spite of the anticipated rapid growth of the wage sector, the major solution to the nations unemployment problem will have to be found in other areas like agriculture and small scale industries development.
Inspite of all these, the small scale industries sub-sector has continued to suffer from lack of credit most all the governments financial programmes for the small industrial credit scheme, fund for small scale industries has remained largely inadequate and of little effect.
The banks and other financial houses cannot help matters either despite the central bank credit scheme to industries.
It would be noted in this regard that majority of the small scale industries would not be able to meet the requirement of the bank and other financial institution lending policies. Therefore given this financial constraints.
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
- Background of the Study
- Statement of the Problem
- Purpose of the Study
- Scope of the Study
- Research Questions
- Significance of the Study
- Limitation of the Study
- Definition of Terms
References
CHAPTER TWO: LITERATURE REVIEW
- Theatrical Review
- Small-Scale Business Defined
- Management and Organization of Small Scale Business
- Sources of Fund to Small Scale Business
- Problems of Small-Scale Business
References
CHAPTER THREE: RESEARCH DESIGN AND MYTHOLOGY
- Research Design
- Scope of the Study
- Population of the Study
- Sample and Sampling Procedure/Techniques
- Instruments for Data Collection
- Method of Data Collections
- Method of Data Analysis
References
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
- Presentation and Analysis of Data
- Summary of Findings
References
CHAPTER FIVE: DISCUSSIONS, RECOMMENDATION AND CONCLUSION
- Discussion of Findings
- Conclusions
- Implication(s) of the Research Findings
- Recommendation(s)
- Suggestions for Further Research
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
It is necessary to stress the point that to succeed in business require some measure of discipline. Most industrialist expect to make a reasonable profit from the investment of time and resources, that they have to make in other to bring a project to fruition.
While this may sound simple enough, the bother line is the fact in an economy wide context, the rate or level of reward that can accrue to various level of effort, discipline and productivity should never be allowed to get out of proportion in relation to effort put in.
Experience has shown that industrial pursuits have been found to yield for the patient and disciplined industrialist rather than stand for business concern with all kinds of effort mostly unproductive and require no legitimate effort to reap profits in multiple fields.
After considering the above mentioned statement of facts about industry. The question is how far are we from being industrialized bearing in mind that it yields for disciplined and patient industrialist, all things being equal.
Taking cognizance of the fact that a step forward is the beginning of a mile. Some, therefore Nigeria’s business industrial evolution will only start when positive steps are taken towards adequate financing of small scale business. The experience of newly industrialized countries has been an eye opener.
Finance is the greatest problem we are likely to face whenever we talk of establishing a small scale industry. This is the most crucial aspect of business enterprise and a lot of controversy surrounding the problem of inadequate finance. A close look on the small scale industries/business, all over the country would help to throw further light on the effect of lack of fund on growing business. The drastic effect is mostly felt when one tries to study the rate at which our young industries are gradually collapsing. Even surviving ones are terribly looking for assistance that they are not sure of.
Funds are scare, hence the growing industries as regarded in this part of the world as never-do-wells especially Nigeria. When an economy is shaky, growing industries in that economy tend to suffer most and usually stand the taste of time. Hence, an increase in the number of causalities in this regard.
The researcher aimed at exploiting the possibilities, problems of financing small scale business/industries. The project centers on management and financial problems
1.2 STATEMENT OF PROBLEM
There are various problems facing the establishment of small scale business like financial limitation, lack of raw material, poor management and quality of the management, staff, poor accounting method, high interest charge on loans and lack of adequate planning and feasibility studies.
The most common and problematic issues is funding. Small scale business find it difficult to obtain fund from established institution like commercial banks and…
This article highlights various college of education website in Nigeria. We provide free school Past Questions and answer, jamb exams, jamb registration Form and Admissions List to various students to gain admission into Federal, State and Private College Of Education In Nigeria. This article will also help students to check admission status of various institutions in Nigeria at a go.
Adeyemi College of Education, Ondo, past questions, form and admissions list
Alvan Ikoku College of Education, Owerri, past questions, form and admissions list
Alvan Ikoku College of Education, Owerri, past questions, form and admissions list
Federal College of Educ. Abeokuta, past questions, form and admissions list
Federal College of Education, Eha-Amufu, past questions, form and admissions list
Federal College of Education, Kano, past questions, form and admissions list
Federal College of Education, Katsina, past questions, form and admissions list
Federal college of Education, Kontagora, past questions, form and admissions list
Federal College of Education, Obudu, past questions, form and admissions list
Federal College of Education, Okene, past questions, form and admissions list
Federal College of Education, Okene, past questions, form and admissions list
Federal College of Education, Pankshin, past questions, form and admissions list
Federal College of Education, Yola, past questions, form and admissions list
Federal College of Education, Zaria, past questions, form and admissions list
Federal College of Education (Technical), Akoka, past questions, form and admissions list
Federal College of Education (Technical), Asaba, past questions, form and admissions list
Federal College of Education (Technical), Bichi, past questions, form and admissions list
Federal College of Education (Technical), Gombe, past questions, form and admissions list
Federal College of Education (Technical), Gusau, past questions, form and admissions list
Federal College of Education (Technical), Omoku, past questions, form and admissions list
Federal College of Education (Special) Oyo, past questions, form and admissions list
State college of education Past Questions, jamb exam, jamb registration Form And Admissions List
College of Education, Agbor, past questions, form and admissions list
Akwa-Ibom State College of Education, Afaha-Nsit, past questions, form and admissions list
College of Education, Akwanga, past questions, form and admissions list
College of Education, Akwanga, past questions, form and admissions list
Cross River State College of Education, Akamkpa, past questions, form and admissions list
Adamu Augie College of Education, Argungu, past questions, form and admissions list
College of Education, Azare, past questions, form and admissions list
Bayelsa State College of Education, Okpoama, past questions, form and admissions list
Emmanuel Alyande College of Education, Oyo, past questions, form and admissions list
Enugu State College of Education (Tech.) Enugu, past questions, form and admissions list
College of Education, Ekiadolor, past questions, form and admissions list
Umar Suleiman College of Education, Gashua, past questions, form and admissions list
College of Education, Gindiri, past questions, form and admissions list
Michael Otedola College of Primary Education, Moforiji, past questions, form and admissions list
College of Education, Port Harcourt, past questions, form and admissions list
Adeniran Ogunsanya College of Education, Otto, past questions, form and admissions list
Tai Solarin College of Education, Ijebu-Ode, past questions, form and admissions list
Tai Solarin College of Education, Ijebu-Ode, past questions, form and admissions list
Ebonyi State College of Education, Ikwo, past questions, form and admissions list
College of Education, Ikere, past questions, form and admissions list
College of Education, Ilesha, past questions, form and admissions list
College of Education, Ilesha, past questions, form and admissions list
College of Education, Ilorin, past questions, form and admissions list
College of Education, Jalingo, past questions, form and admissions list
Kano State College of Education, Kumbotso, past questions, form and admissions list
College of Education, Benue, past questions, form and admissions list
Kebbi State College of Education, Argungu, past questions, form and admissions list
College of Education, Minna, past questions, form and admissions list
Nwafor Orizu College of Education, Nsugbe, past questions, form and admissions list
College of Education, Oju, past questions, form and admissions list
College of Education, Oro, past questions, form and admissions list
College of Education, Oro, past questions, form and admissions list
Oyo State College of Education, Oyo, past questions, form and admissions list
College of Education, Warri, past questions, form and admissions list
College of Education, Warri, past questions, form and admissions list
FCT College of Education, Zuba, past questions, form and admissions list
Private college of education in Nigeria Past Questions, jamb exam, jamb registration Form And Admissions List
Angel Crown College of Education, Gidan-Daya, past questions, form and admissions list
Elder Oyama Memorial College of Education, Ofat-Adun, past questions, form and admissions list
Assanusiyah College of Education, Odeomu, past questions, form and admissions list
African Thinkers Community of inquiry College of Education, past questions, form and admissions list
Best Legacy College of Education, Ikirun, past questions, form and admissions list
Bauchi Institute for Arabic and Islamic Studies, past questions, form and admissions list
Calvin Foundation College of Education, Naka, past questions, form and admissions list
Harvard Wilson College of Education, Aba, past questions, form and admissions list
Hill College of Education, Akwanga, past questions, form and admissions list
Institute of Ecumenical Education, Enugu, past questions, form and admissions list
College of Education, Foreign Links Campus Moro, past questions, form and admissions list
College of Education, Foreign Links Campus Moro, past questions, form and admissions list
Diamond College of education aba . past questions,jamb news, admission form and list
Muhyideen College of Education, Ilorin, past questions, form and admissions list
ONIT College of Education, Abagana, past questions, form and admissions list
The African Church College of Education, Lagos, past questions, form and admissions list
St. Augustine College of Education, Yaba, past questions, form and admissions list
Yewa Central College of Education, Ogun, past questions, form and admissions list
List of Federal Universities in Nigeria
Abubakar Tafawa Belewa University, past questions, form and admissions list
Ahmadu Bello University, Zaria, past questions, form and admissions list
Bayero University, Kano, past questions, form and admissions list
Federal University, Gashua, past questions, form and admissions list
Federal University of Tech, Akure, past questions, form and admissions list
Federal University of Petroleum Resources, Effurun, past questions, form and admissions list
Federal University of Technology, Minna, past questions, form and admissions list
Federal University of technology, Owerri, past questions, form and admissions list
Federal University Dutse, past questions, form and admissions list
Federal University Dutsin-Ma, past questions, form and admissions list
Federal University, Ndufu-Alike, past questions, form and admissions list
Federal University, Otuoke, past questions, form and admissions list
Federal University, Wukari, past questions, form and admissions list
Federal University, Birnin Kebbi, past questions, form and admissions list
Michael Okpara Univeristy of Agric, Umudike, past questions, form and admissions list
Modibbo Adama University of Tech, Yola, past questions, form and admissions list
National Open University of Nigeria, past questions, form and admissions list
Nigeria Police Academy Wudil, past questions, form and admissions list
Nigeria defense Academy, Kaduna, past questions, form and admissions list
Nnamdi Azikiwe University, Awka, past questions, form and admissions list
Obafemi Awolowo University, Ile-Ife, past questions, form and admissions list
University of Abuja, Gwagwalada, past questions, form and admissions list
University of Agriculture Abeokuta, past questions, form and admissions list
University of Agriculture Markurdi, past questions, form and admissions list
University of Benin, past questions, form and admissions list
University of Calabar, past questions, form and admissions list
University of Lagos, past questions, form and admissions list
University of Maiduguri, past questions, form and admissions list
University of Nigeria Nsukka, past questions, form and admissions list
University of Port-Harcourt, past questions, form and admissions list
University of Uyo, past questions, form and admissions list
Usmanu Danfodiyo University, past questions, form and admissions list
List of State Universities in Nigeria admission list
Abia State University, Uturu, past questions, form and admissions list
Adamawa State University, Mubi, past questions, form and admissions list
Adekunle Ajasin University, Akungba, past questions, form and admissions list
Amrose Alli University, Ikot Akpaden, past questions, form and admissions list
Anambra State University of Sc. & Tech, Uli, past questions, form and admissions list
Anambra State University of Sc. & Tech, Uli, past questions, form and admissions list
Bauchi State Unibversity, Gadau, past questions, form and admissions list
Benue State University Markurdi, past questions, form and admissions list
Bukar Abba Ibrahim University, Damaturu, past questions, form and admissions list
Cross River State University of Sc. & Tech, Calabar, past questions, form and admissions list
Delta State University Abraka, past questions, form and admissions list
Ebonyi State University, Abakaliki, past questions, form and admissions list
Ekiti State University, past questions, form and admissions list
Enugu State University of Sc. & Tech. Enugu, past questions, form and admissions list
Ibrahim Badamasi Babangida University, past questions, form and admissions list
Ignatius Ajuru University of Education, past questions, form and admissions list
Imo state University,Owerri, past questions, form and admissions list
Jigawa State University, past questions, form and admissions list
Kaduna State University, Kaduna past questions, form and admissions list
Kano University of Sc. & Tech, Wudil
Kebbi State University, Kebbi, past questions, form and admissions list
Kogi State University, Anyigba, past questions, form and admissions list
Kwara State University, Ilorin, past questions, form and admissions list
Ladoke Akintola university of Tech, past questions, form and admissions list
Lagos State University Ojo, past questions, form and admissions list
Nasarawa State University, Keffi, past questions, form and admissions list
Niger Delta University, Yenagoe, past questions, form and admissions list
Olabisi Onabanjo University Ago-Iwoye, past questions, form and admissions list
Ondo State University of Sc. & Tech, Okitipupa, past questions, form and admissions list
Osun State University, Oshogbo, past questions, form and admissions list
Plateau State University, Bokkos, past questions, form and admissions list
Rivers State University of Sc. & Tech, past questions, form and admissions list
Tai Solarin University of Education, Ijebu-ode, past questions, form and admissions list
Taraba State University, Jalingo, past questions, form and admissions list
Umaru Musa Yar’Adua University, past questions, form and admissions list
Private Universities
Achievers University, Owo, past questions, form and admissions list
Adeleke University, Ede, past questions, form and admissions list
Afe Babalola University, Ado- Ekiti, past questions, form and admissions list
African University of Sc. & Tech, Abuja, past questions, form and admissions list
Al-hikmah University, Ilorin, past questions, form and admissions list
Ajayi Crowther University, Ibadan, past questions, form and admissions list
Al-Qalam University, Katsina, past questions, form and admissions list
American University of Nigeria, Yola, past questions, form and admissions list
Babcock University, Ilishan, past questions, form and admissions list
Baze University, past questions, form and admissions list
Bells University of Technology, Otta, past questions, form and admissions list
Benson Idahosa University, Benin, past questions, form and admissions list
Bingham University, New Karu, past questions, form and admissions list
Bowen University, Iwo, past questions, form and admissions list
Caleb University, Lagos, past questions, form and admissions list
Caritas University, Enugu, past questions, form and admissions list
CETEP City University, Lagos, past questions, form and admissions list
Covenant University, Ota, past questions, form and admissions list
Crawford University, Igbesa, past questions, form and admissions list
Crescent University, past questions, form and admissions list
Elizade University, Ilara-mokin, past questions, form and admissions list
Fountain University, Oshogbo, past questions, form and admissions list
Gregory University, Uturu, past questions, form and admissions list
Hallmark University, past questions, form and admissions list
Joseph Ayo Babalola University,Ikeji, past questions, form and admissions list
Kwararafa University, Wukari, past questions, form and admissions list
Lead City University, Ibadan, past questions, form and admissions list
Nigerian-Turkish Nile University, Abuja, past questions, form and admissions list
Novena University, Ogume, past questions, form and admissions list
Obong University, Obong Ntak, past questions, form and admissions list
Oduduwa University, Ipetumodu, past questions, form and admissions list
Pan-African University, Lagos, past questions, form and admissions list
Paul University, Awka, past questions, form and admissions list
Redeemer’s University, Mowe, past questions, form and admissions list
Renaissance University, Enugu, past questions, form and admissions list
Salem University, Lokoja, past questions, form and admissions list
Tansian University, Umunya, past questions, form and admissions list
Veritas University, past questions, form and admissions list
Wellspring University, Edo, past questions, form and admissions list
Wesley University of Sc. & Tech, Ondo, past questions, form and admissions list
Western Delta University, Oghara
List of all the Federal Polytechnics in Nigeria
Air Force Institute of Technology Nigerian Air Force, past questions, form and admissions list
Air Force Institute of Technology Nigerian Air Force, past questions, form and admissions list
Akanu Ibiam Federal Polytechnic, Unwana, past questions, form and admissions list
Nigeria Army School of Military Engineering, past questions, form and admissions list
Auchi Polytechnic past questions, form and admissions list
Auchi Polytechnic past questions, form and admissions list
Federal Polytechnic, Ado-Ekiti past questions, form and admissions list
Federal Polytechnic, Ado-Ekiti past questions, form and admissions list
Federal Polytechnic, Bauchi, past questions, form and admissions list
Federal Polytechnic, Bida, past questions, form and admissions list
Federal Polytechnic, Bida, past questions, form and admissions list
Federal Polytechnic, Damaturu, past questions, form and admissions list
Federal Polytechnic, Ede, Osun State, past questions, form and admissions list
Federal Polytechnic, Ede, Osun State, past questions, form and admissions list
Federal Polytechnic, Ida, past questions, form and admissions list
Federal Polytechnic, Ida, past questions, form and admissions list
Federal Polytechnic, Ilaro, past questions, form and admissions list
Federal Polytechnic, Ile-Oluji, Ondo State, past questions, form and admissions list
Federal Polytechnic, Mubi, past questions, form and admissions list
Federal Polytechnic, Namoda, past questions, form and admissions list
Federal Polytechnic, Nassarawa, past questions, form and admissions list
Federal Polytechnic, Nekede, past questions, form and admissions list
Federal Polytechnic, Nekede, past questions, form and admissions list
Federal Polytechnic, Offa, past questions, form and admissions list
Federal Polytechnic, Offa, past questions, form and admissions list
Federal Polytechnic, Oko, past questions, form and admissions list
Federal School of Dental Technology and Therapy, past questions, form and admissions list
Kaduna Polytechnic, Kaduna, past questions, form and admissions list
Hussaini Adamu Federal Polytechnic, past questions, form and admissions list
Nigeria Army School of Military Engineering, past questions, form and admissions list
Federal College of Animal Health and Production Technology, past questions, form and admissions list
Waziri Umaru Federal Polytechnic Birnin Kebbi, past questions, form and admissions list
Yaba College of Tech, past questions, form and admissions list
List of State Polytechnics in Nigeria
Abraham Adesanya Polytechnic, Ijebu-Igbo, past questions, form and admissions list
Abia State Polytechnic, past questions, form and admissions list
Adamawa State Polytechnic, past questions, form and admissions list
Akwa-Ibom State Polytechnic, Ikot-Osurua, past questions, form and admissions list
Benue State Poly, Ugbokolo, past questions, form and admissions list
Gateway Polytechnic, Igbesa, past questions, form and admissions list
Rufus Giwa Polytechnic, past questions, form and admissions list
Rufus Giwa Polytechnic, past questions, form and admissions list
The Polytechnic, Ibadan, past questions, form and admissions list
Institute of Mgt. and Tech, past questions, form and admissions list
Imo State Polytechnic, Umuagwo, past questions, form and admissions list
Kano State Polytechnic, past questions, form and admissions list
Kogi State Polytechnic, Lokoja, past questions, form and admissions list
Kwara State Polytechnic, Ilorin, past questions, form and admissions list
Lagos State Poly, Ikorodu, past questions, form and admissions list
Moshood Abiola Poly, past questions, form and admissions list
Nasarawa State Polytechnic, past questions, form and admissions list
Nuhu Bamalli Polytechnic, past questions, form and admissions list
Delta State Polytechnic, Ogwashi-Uku, past questions, form and admissions list
Osun State Poly, Iree, past questions, form and admissions list
Osun State Poly, Iree, past questions, form and admissions list
Osun State College of Tech, Esa-Oke, past questions, form and admissions list
Delta State Polytechnic, Ozoro, past questions, form and admissions list
Plateau State Polytechnic, Barkin-Ladi, past questions, form and admissions list
Adamawa State Poly, past questions, form and admissions list
Rivers State College of Arts and Science, past questions, form and admissions list
Rivers State College of Arts and Science, past questions, form and admissions list
Rivers State Polytechnic, past questions, form and admissions list
Gateway Polytechnic Saapade, past questions, form and admissions list
Edo State Inst. of Tech and Mgt, Usen, past questions, form and admissions list
Niger State Poly, Zungeru, Niger State, past questions, form and admissions list
List of Private Polytechnics in Nigeria
Allover Central Polytechnic, past questions, form and admissions list
Crown Polytechnics, past questions, form and admissions list
Covenant Polytechnic, past questions, form and admissions list
Dorben Polytechnic, Bwari-Garam Road, past questions, form and admissions list
Fidei Polytechnic, Gboko, past questions, form and admissions list
Grace Polytechnic, past questions, form and admissions list
Grace Polytechnic, past questions, form and admissions list
Igbajo Polytechnic, past questions, form and admissions list
The Polytechnic, Ile-Ife, NITEL Road, past questions, form and admissions list
Lagos City Poly, Ikeja, Lagos State, past questions, form and admissions list
Light House Polytechnic, Eubuobanosa, past questions, form and admissions list
Interlink Polytechnic, past questions, form and admissions list
Kings Polytechnic, Ubiaja, past questions, form and admissions list
RONIK Polytechnic, past questions, form and admissions list
Shaka Polytechnic, Polytechnic, Benin city, past questions, form and admissions list
Temple-Gate Polytechnic, past questions, form and admissions list
Wolex Polytechnic, past questions, form and admissions list
Prime Polytechnic, past questions, form and admissions list
The Polytechnic Imesi-Ile, Osun, past questions, form and admissions list
Heritage Polytechnic, Ikot Udota, past questions, form and admissions list
Ibadan City Polytechnic, past questions, form and admissions list