+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

FINANCING SMALL-SCALE INDUSTRIES IN NIGERIA (A CASE STUDY OF ENUGU STATE )

  • Type:Project
  • Pages:36
  • Format:Microsoft Word
(Accounting Project Topics & Materials)
ABSTRACT

 This study titled financing small-scale industries in Nigeria is aimed all determining the way by which development bank help to finance small-scale industries and solve some of their problems which include inability to procure necessary equipment.  Lack of technical and managerial expertise, inadequate raw materials etc.
 Consequently, we were able to find out the banks that contribute immensely to the financing of small-scale industries in Nigeria.
 In conclusion, the recommendations arrived at will encourage commercial banks to finance the projects a small scale industry through the disbursement of funds.

TABLE OF CONTENTS

TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT

CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY
1.2 STATEMENT OF PROBLEM
1.3 PURPOSE OF THE STUDY
1.4 DEFINITION OF THE TERM

CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE
2.1 NATURE AND CHARACTERISTIC OF NIGERIA SMALL-SCALE ENTERPRISES
2.2 THE ROLE OF SMALL-SCALE INDUSTRIES
2.3 ADVANTAGES OF SMALL-SCALE INDUSTRIES IN NIGERIA
2.4 MAJOR DISADVANTAGES OF SMALL-SCALE ENTERPRISES
2.5 REVIEW OF MAIN SOURCES OF FINANCING AND PROMOTING SSES
2.6 THE ROLE OF GOVERNEMTN IN FINANCING AND PROMOTING SSES
2.7 OPTION FOR IMPROVED ACCESS TO CREDIT FOR SSES

CHAPTER THREE
3.1 SUMMARY 
3.2 CONCLUSION
3.3 RECOMMENDATION
 REFERENCE

INTRODUCTION

Industrial development involves development of a technical
arrangement that moves an economy from the traditional method of production to a more complex system of mass manufacturing of variety of goods of services involving technology and management techniques.
Industrialization tends to propel growth and quicken the achievement of structural transformation and diversification of economy.  It enable a country to utilize it’s factor endowments and depends less on external sector for its growth and sustenance.  They provide employment for a substantial proportion of the industrial establishment.  Therefore, due to the above mentioned role played by industrial sector, that is small-scale industries in the economy it requires some financial support from government for the smooth running of the industries.
 But small-scale industry is a sub-sector of industrial development that is of great importance as mentioned above, but it has not received the type of attention it deserves that is why the government and the feral ministry of industries lay down the parameter under which a industrialist may take advantage of the various incentive created by the government for ht growth of the small-scale industries.  Such incentives are in the form of loan, provision of machinery and equipment, and raw materials.
 The process of taking advantage of the various incentive scheme are so cumbersome and its subject to bureaucratic radicalism and only few small scale industries are able to utilize them.
 The importance of small-scale industries to the survival of a nation can no longer be saved.
They have moved from the substance level to pre-indigenization period of importance in the country’s industrial process.  Therefore the authorities should not relent on the effort of making small scale industries to be inactive due to lack of fund.
 The Nigerian Bank was established to provide among other financial services to the indigenous business community, especially small scale industries.  Following the recommendation of the financial system review committee of 1976, government made bank the apex financial institution for small scale businesses.  The bank obtains fund from the federal government to assist small business and the loans granted are relating on soft terms.
 During the 1970’s and 1980, bank promoted of soft loans and advisory services of operational and liquidity problem attributed to reduced government funding and poor loans repayment by medium scale entrepreneur.  Bank loans and advances fluctuated from N87.7million, N223.million, N305.3million, N984.0million and 1994 respectively.
 Similarly, its deposit liabilities fluctuated from N252.0million in 1990 to N423.3million in 1991, N318.7million in 1992 and N32.0million in both 1993 ad 1994.
 Following this, the government utilized the opportunity to equip the bank with power to act as a catalyst in development by operating like an all purpose universal bank to engage in all types of investment banking and under writing operation.
FINANCING SMALL-SCALE INDUSTRIES IN NIGERIA (A CASE STUDY OF ENUGU STATE )

Share This

Details

Type Project
Department Accounting
Project ID ACC2543
Price ₦3,000 ($9)
No of Pages 36 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2543
    Price ₦3,000 ($9)
    No of Pages 36 Pages
    Format Microsoft Word

    Related Works

    INTRODUCTION : Industrial development involves development of a technical arrangement that moves on economy from the traditional method of production to a more complex system of mass manufacturing of verity of goods of services involving technology and management techniques.Industrialization tends to propel growth adequate the achievement of... Continue Reading
    ABSTRACT This study titled financing small-scale industries in Nigeria is aimed all determining the way by which development bank help to finance small-scale industries and solve some of their problems which include inability to procure necessary equipment. Lack of technical and managerial expertise, inadequate raw materials etc. Consequently, we... Continue Reading
    ABSTRACT The every economy a critical look into it will reveal that the need and desire of people are sissified by numerous small-scale manufactures not withstanding the existence of big business... Continue Reading
    ABSTRACT The every economy a critical look into it will reveal that the need and desire of people are sissified by numerous small-scale manufactures not withstanding the existence of big business organizations which are locally and internationally famous. Small-scale industries contribute immensely in the growth and development of an economy... Continue Reading
    ABSTRACT Small-scale enterprises like Hapel Nigeria limited generally suffer from lack of adequate finance. The introduction of the structural adjustment programme compounded the problem such that the enterprise could hardly finance the fixed capital requirements. In this circumstance, small-scale enterprise like Hapel Nigeria Limited would seek... Continue Reading
    LEASING AS A MAJOR FINANCING DEVICE FOR SMALL SCALE INDUSTRIES IN ENUGU URBAN (A CASE STUDY OF HAPEL NIG. LTD) ABSTRACT Small-scale enterprises like Hapel Nigeria limited generally suffer from lack of adequate finance. The introduction of the structural adjustment programme compounded the problem such that the enterprise could hardly finance the... Continue Reading
    ABSTRACT The industrialization of every nation emanates from the ability of private individuals and government in business to make optimum allocation of available resources in order to achieve future objectives. Business in the third world countries is characterized by ineffective and ineffectual utilization of available resources which has... Continue Reading
    ABSTRACT The industrialization of every nation emanates from the ability of private individuals and government in business to make optimum allocation of available resources in order to achieve future objectives. Business in the third world countries is characterized by ineffective and ineffectual utilization of available resources which has... Continue Reading
    ABSTRACT This research work has been designed for the study of small scale industries as a developed strategy, especially, in Enugu Township. In the past the federal government has neglected to encourage this sector as the impact cannot be overlooked. As the largest employment sector is most developed nations to this end, the government has come... Continue Reading
    SMALL SCALE INDUSTRIES AS A DEVELOPMENT STRATEGY IN NIGERIA A CASE STUDY OF ENUGU STATE ABSTRACT This research work has been designed for the study of small scale industries as a developed strategy, especially, in Enugu Township. In the past the federal government has neglected to encourage this sector as the impact cannot be overlooked. As the... Continue Reading