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INTRODUCTION In Nigeria, the majority of the populations (70%) live in the rural areas in conditions of poverty, limited access to health, sanitation, education and other facilities. Majority of Nigerians are poor and are concentrated in the rural areas depending directly on agriculture, small and medium scale enterprises for their livelihood. The vicious cycles of poverty has been sustained by a strong orientation of the greater segm […]
53 Pages
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11,665 Words
INTRODUCTION 1.0 Background Small scale enterprises are a major component of the Ugandan business sector that sustained the economy through the hard times when all the different sectors of the economy were in disequilibrium. In 1986, Uganda undertook economic reforms through the IMF/World Bank funded Structural Adjustment Programs (SAPs). Like in many developing countries these reforms were meant to change the Economy from an inefficie […]
43 Pages
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5,456 Words
INTRODUCTION PROBLEM IDENTIFICATION AND PURPOSE OF THE STUDY. Nigeria financial institutions have over the years given support on various developments projects across the country. (Agbo 2000) In line with this, they were suppose to have givien such financial assistant to small scale industries to enable them hence their administrative structure and industries have over the years been hampered by insufficient capital, lack of know how, […]
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INTRODUCTION 1.1 BACKROUND OF THE STUDY Nigeria economy far back before the advent of oil exploration in the early 70’s was an agrarian economy. Nigeria was not considered a rich country at the time, but the nation was able to fed itself adequately and the economy was very buoyant. At this time, 85% of the country’s export earning was from agricultural product. During this period also, Nigeria has been making concerted effort toward th […]
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY. Financial institutions have a very great role to play in the growth of small scale business everywhere in the world but I will limit my discussion to their roles in Nigeria. Financial institutions could be seen as an institutions which primary function is collecting and giving out funds to individuals, firms, organizations etc. for business purposes. From the definition of financial institution […]
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY It is an undisputable fact that the contribution of microfinance to entrepreneurship activities is increasing being recognized as a primary engine of economic growth. (The Economist, May 18th 1996). By combining existing resources with innovative ideas, entrepreneurs add value through the commercialization of new products, the creation of new jobs and the building of new firms. The Global Entrep […]
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1.0 INTRODUCTION The small scale business of (Mr Christian provision stored) is located at Okigwe Road Owerri in Imo state. The small scale business was established on March 18th 2009 by Mr Christian Ibekwe .A. At present, the business has about (3) three employees. (1) Sales lady (2) Cashier (3) An apprentis (boy) This business performs some function which include (1) Supplying to the final consumers (2) Employment to people According […]