THE ROLE OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF A NATION
CHAPTER ONE:
INTRODUCTION
Small-scale industries play a vital role in the Material welfare of many nations today’s especially the developing nations. They makes specific contributions depending on the form and objectives.Some produces raw materials, distribute
products or provide services while others them the raw materials into finished goods or products. The need of most developing countries is to attain self-reliance and resilient economic status capable of generating an internally sustaining growth. Small scale industries are the roots and pillars upon which h this can be achieved. The activities of any small-scale industry in any give economy cannot be over emphasized especially mow the country is in political disarray and needs be
called to orderliness. Moreover, they provide avenues for the development of entrepreneurial capabilities and managerial skills. As the business requires low capital for setting it-up, such industries spring up in different parts of the country making maximum use of local raw materials. Despite the large number of small-scale industries in the country, Common Nigerians, While urban concentration,
unemployment and other vices which these industries were meant to eliminate persist. It is as a result of negative effect in our economy that need for the diversification of economic activities through several ways of reviving the Nigerian economy become comparative one, of which is an effective and efficient role
played by small- scale industries in economic development of Nigeria.
1.1 BACKGROUND OF THE STUDY:
In the earning of industries,Nigeria and other countries were merely producers of raw materials for use in European
industries. While the raw materials which have been turn into the finished goods were more concerned with the maintenance of
law and order, and putting in structures for easy evaluation of raw materials than industrizing the colonies
Since Nigeria lacked the necessary tools for capital investment, technical and managerial skilled necessary to
promote and operate viable enterprises, foreign investors in a bi d to tap the abundant resources in the country took
the initiative of establishing small-scale industries.
Stales morse, in his book modern small-scale industries for developing countries page 1-10 wrote, at the end of the
second world war in 1945, the parliament of the united kind of autho- rised the appropriation of the sum of $ $200
Million for the promotion and advancement of British colonies and other dependent territories. In order to determine
how the and was to be allocated and for what scheme the Nigerian government prepared, “A Nigeria”. This plan
made provision for the capital expenditures of $ 55 million.
Department of scheme were called for by the government, greater emphasis was placed on the provision of social
Amenities a stepping stone for industrial development. Only 0.4 percent was embarked for industrial development. The department for commerce and industry was later established for the development and improvement of marketing products for export .
THE ROLE OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF A NATION