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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 […]
85 Pages
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12,486 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY The management of the economy in the past has been characterized by corruption and financial mismanagement which made the country to have persistent balance of payment problems. This financial mismanagement was more pronounced during the civilian administration of 1979- 1983 and the dictatorial government of general Sani Abacha of 1993 to 1998. The performance of the economy in the past therefor […]
36 Pages
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11,641 Words
INTRODUCTION 1.1BACKGROUND OF THE STUDY Tax is a financial issue and its payment is a civil duty. It is the imposition of a financial burden for the government on individual firm and companies. In general based, the word tax means any contribution imposed by the government upon individual and companies for the use of government to provide facilities or services as rendered by the state. It is not a voluntary payment or donation but an […]
53 Pages
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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 […]
96 Pages
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11,976 Words
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 […]
78 Pages
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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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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 […]