IMPACTS OF SMALL BUSINESS ON ENTERPRISES ON EMPLOYMENT CREATIONS
ABSTRACT
The focus of this study is on “Impacts of small business enterprises on employment creation in Lagos State. Small Business Enterprises are the vocal discuss and objective of this research is to ascertain the role of SBEs assumed to
have played in terms of employment creation among others.The survey research
method was employed and questionnaires were used to collect the necessary data from respondents. To achieve these objectives, a 5 point Likert Scale was developed and validated to collect information from a sample of 50 respondents. Representing employees from the selected SBEs. the findings from the result obtained showed that small business enterprises has positive impacts on employment creations in Lagos State and the availability of infrastructural provision on small business enterprises have impacts on employment creation in Lagos State. It was however recommended that government should encourage small business enterprises with the provisions of basic requirements, financial supports, enable environment and stability in the polity so as to minimize unemployment in Nigeria.
TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Contents vi
CHAPTER ONE:
INTRODUCTION
1.0 Background to the Study 1
1.1 Statement of the Problem 5
1.2 Objectives of the Study 6
1.3 Research questions 7
1.4 Research hypotheses 8
1.5 Significance of the Study 8
1.6 Scope and de-limitation of work 9
1.7 Outline of chapters 9
1.8 Definition of terms 11
CHAPTER TWO
LITERATURE REVIEW
2.0 Introduction 12
2.1 Theoretical definitions of Small Business Enterprises 13
2.2 Characteristics of Small Business Enterprises 14
2.3 Financing of Small Business Enterprises 17
2.4 Relevance of Small Business Enterprises 20
2.5 The problem facing Small Business Enterprises 21
2.6 Roles of Small Business Enterprises 24
2.7 Solutions of Small Business Enterprises 25
2.8 Employment creation output and production growth 27
2.9 Small Business Enterprises as a tool for
employment creations in Lagos State 29
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction 33
3.1 Restatement of research question 33
3.2 Restatement of research hypotheses 34
3.3 Research Design 35
3.4 Population of the study 35
3.5 Target population 36
3.6 Sample and sampling techniques 36
3.7 Data collection 37
3.8 Research instrument 38
3.9 Validity and reliability of the study 39
3.10 Limitation of the study 38
3.11 Methods of data analysis 39
CHAPTER FOUR:
DATA PRESENTATION, ANALYSES AND INTERPRETATION
4.0 Introduction 40
4.1 Analysis of personal data of respondents 40
4.2 Evaluation of research hypothesis 43
4.3 Hypothesis one 47
4.4 Hypothesis two
CHAPTER FIVE:
DISCUSSION OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.0 Introduction 51
5.1 Discussion of Findings 51
5.2 Conclusion 53
5.3 Recommendations 53
Bibliography 56
Questionnaires 58
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
Small business enterprise plays a key role in expanding and diversifying industrial production and also contributes to
such objectives as employment generation, poverty eradication, improved income distribution and fulfilling basic
needs of most developing countries.
Small business enterprises was defined by the Central bank of Nigeria in it’s guideline that it is any business
organization with an annual turnover of less than five hundred thousand naira. (CBN Guide (2002).
Small business enterprise may be seen as a business which is independently owned and managed and which does
not dominate its relevant market segment of interest (Griffin and Ebert, 1999) Unemployment is undoubtedly a big
challenge to any government, development planner the private sector and society at large. This is why it is very
important to pay particular attention to the creation of employment because according to Tomori (1998), the
consequence of unemployment (whether prolonged or short-term), leaves a scar on every individual, family or country
that is faced with the problem.
In the first instance, the degree of frustration and poverty experienced by the unemployed person who is willing to
work but cannot find a job is considerable. His or her frustration could be transformed into violence or crime, which inturn whether collective or individual can shake up any political system and cause instability. Second, the loss of
income to individuals and households is equally great; the under-utilization of labour resources create poses a difficult
problem for society in terms of the wastage in manpower resources which may have probably been expensively
trained. Small business enterprises have been favored as institutions that are capable of providing solutions to the
high level of unemployment menacing the country. Small business enterprises is an independent business which is
managed and which does not dominate its relevant market segment of interest, managed by its owner or part owner and has a small market share (Bolton Report, 2006).
IMPACTS OF SMALL BUSINESS ON ENTERPRISES ON EMPLOYMENT CREATIONS