ROLE OF NATIONAL DIRECTORATE OF EMPLOYMENT (NDE) IN FINANCING MICRO-BUSINESS
ABSTRACT
The aim of this study was to find out the role of the national directorate of employment in financing micro-business enterprise in Enugu metropolis.
Micro business enterprise seems to be growing stealing in Nigeria and Enugu state in particular. The growth of micro business enterprise has been identified as one of the tools that can be used by the national directorate of employment on tackling unemployment problems in Nigeria.
Four research questions were asked and answered to ascertain the role of the national directorate of employment in financing micro-business enterprise in Enugu metropolis. Data’s were collected through questionnaires 30 respondents were randomly sampled from 3 randomly selected bread banking business enterprise in Enugu metropolis.
The data were analyzed using simple percentages.
The major finding were:-
(1) The national directorate of employment contributes substantially to financing of micro business enterprise.
(2) Micro business enterprise generate employment opportunities to people through their business enterprise,
(3) The national directorate of employment contributes to poverty alleviation.
(4) The process of granting loan to micro business enterprise through the national directorate of employment is too rigorous.
Based on the findings of the study, the researcher recommends that:-
(1) The financing of micro business by the national directorate of employment should be interest free or very minimal interest should be changed.
(2) The national directorate of employment should encourage the micro business enterprise to form finance cooperative societies where funds can easily be sourced from at a low interest rate.
(3) The national directorate of employment should help micro business enterprise in staff training and development.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The world wide economic depression of the early 80’s caused a rapid detonations in Nigeria economy. Industrial output shrank to an all time and low and commercial activities were consequently reduced, leading to less employment opportunity for million of Nigerians. By the end off 1985 the unemployment situation in Nigeria, had reached desperate alarming proportions.
In the urban areas where the educated tends to concentrate the unemployment rate was especially high running to over 10%. The youth and graduates were the hardest hit of all in employed Nigerians, ranging upwards of 3 million, three, quarters were under 25 years of age. With growing joblessness, there was growing despondency among youths and their parents.
The various government, federal state and local started trying to find solution to these problems for example, the federal government introduced the structural adjustment programme (SAP) aimed at backward integration maintenance culture and self-reliance in food production and certain basic manufactured goods. In line with this programme is the introduction of volunteer service scheme (VSS). National directorate of employment etc.
All these enable unemployment graduates to establish any viable business of their own and some successes have been recorded in these programme with particular reference to agriculture and high manufacturing.
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