EVALUATION OF GOVERNMENT INCENTIVES SCHEMES TOWARDS SMALL SCALE
Small scale enterprises are expected to play a vital role towards the development of the economy due to closeness to the grassroots. But unfortunately they are unable to do this due to lack of fund. As a result of this, government came up with incentive schemes to assist them develop their business and the economy in general.
Therefore this project that is organized in five chapter this format discusses what promoted the researcher to carry out research on this topic, the aim of the project, the significance, scope, limitations and delimitation. Chapter two deals strictly on literature review, where the researcher criticized the works of the authorities in the field, find out where they conflict and where they are agree. Chapter three explains the research method adopted. It was in this chapter that we discuss where we source out data, this location and instrument for presentation and analysis.
Tables and percentages were used in data presentation while chi-square (X2) was used to analyse the data collected in chapter four.
Finally, chapter five discusses the conclusions and recommendations. However it was equally inferred in the work that further research is encouraged in this topic as the need to trigger off development by adequately findings the small scale enterprises necessarily name. I send my very sincere thanks across the space. May we remain blessed?
Chime Benedette O.
Background of study: Many economic analysts in Particular have described government incentive schemes towards small-scale business in Nigeria and Enugu metropolis as a well development especially in this period of low level of economic activity and slow rate of growth of the economy as well as its devastating effects on the demand for labour. Undoubtedly the slow rate of economic growth in the state explains why few job opportunities are available. In most parts of the world, the importance of small scale business enterprise is not over emphasized in the process of socio-economic development of the country. It has become sufficiently clear that large scale enterprises have not and cannot alone play the dynamic role that they are supposed to play in the rapid growth and development of the economy, and prominent among these rates is employment creation and technogical development. Therefore the need for small-scale enterprises which will supplement the effects of the large scale business. Small-scale are those business that required very little capital to set up and to produce goods that will carter for the needs of the growing population. It is in the light of importance of small-scale business in Enugu metropolis that government incentive scheme towards small-scale business will be appreciated.
Incentive in a literal sense implies that which has motivating influence and serving to incite actions. These incentive schemes instituted by government provide other non-financial and financial assistance in the form of loans at affordable interest rate and grants. It is in the light of the above that nation economic reconstruction fund (NERFUND) and Nigeria bank for commerce and industry (NBCI) and other development banks were created.