CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The issue of small and medium scale industries dates back to when people started producing more products than they needed. As the need for industrialization and self employment starts arising in Nigeria as a result of the federal government inability to provide employment for the teeming population the need for private individuals to establish self owned small and medium scale industries also arose. In this vein, people started raising their subsistence organizations to the status of small and medium scale industries so as to private the products therefore to the market. The existence of small and medium scale industries in Nigeria has, in no small way, contributed to the growth and development of the Nigeria economy in many ways. It provides employment and also help to increase the gross domestic product of the nation to mention but a dew.