Description
ABSTRACT
The industrialization of every nation emanates from the ability
of private individuals and government in business to make
optimum allocation of available resources in order to achieve
future objectives. Business in the third world countries is
characterized by ineffective and ineffectual utilization of
available resources which has limited the scope of business to
small scale.
This calls for the application of some theories in the field of
management accounting to enhance the productivity of existing
small scale businesses in the third world countries.
Small scale enterprises encounter problems which often times
result into pre – mature death of such industries or/production
below capacity. Some of these problems lie largely outside the
control of the entrepreneur. These are the problems to be
solved, by the government in the interest of industrial
development of Nation while other problems arise from the
enterprenuer’s limitation in his decision making process.
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This study, has been limited to Nigeriaby the project writer after
a thorough research.
An analysis of factors that contributed to this development
would be highlighted and useful recommendation towards
resolving these problems would be made. The researcher is
optimistic in view of the fact that if these recommendation are
adhered to, they will go a long way in achieving the objectives
of this research work.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose of the study
1.4 Importance of the study
1.5 Scope or delimitation of the study
1.6 Working hypothesis
1.7 Definition of term
CHAPTER TWO
2.1 Review of related literature
2.2 Local literature
2.3 Foreign related literature
2.4 Relationship to the study
CHAPTER THREE
3.1 Research methodology
3.2 Sampling procedures
3.3 Source of data
3.4 Statistical treatment and analysis of data
CHAPTER FOUR
5.1 Discussion on the results of findings
5.2 Conclusions and recommendation
Bibliography
Appendix
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Histories of various developed countries have shown that
industrial revolution had been the main cause for their
economic survival. Their great financial strength have come
principally through the acquisition of industrial and technological
power. Small – scale industries undisputedly constitute the
bedrock for any meaningful industrial development and for the
acquisition of this industrial and technological power.
Without exception, all big industrial organization be they multi –
national or indigenous, started in a small way. Small scale
industrial set – ups abound, but most of them are buying and
selling outfits. Considering the economic situation in the
country, the entrepreneurs in the state, now more than ever
need to branch out into some other areas outside buying and
selling. One would appreciate the fact that one can make
quicker and more money by buying and selling. But this is only
for a short term investment in the production of goods
(manufacturing), though it has a longer payback period ensures
a longer lasting profit. This could not only be a safer investment
for the entrepreneur in the long run, but it is also a sure way of
providing employment for our teeming high school and
university graduates.
The Nigerian economy in the last two decades has passed
through various stages. From the oil boom era of the seventies
to the period of wasteful spending and painlessness of the early
eighties and the present economic down turn.
One must appreciate the fact that the survival of the sole
proprietor in the Nigerian economy today would depend of his
initiative, drive and quick adaptation to the environment. The
age of “buy, buy, buy” and “sell, sell, sell” is permanently over in
this country. The sole proprietor must appreciate this fact and
more to study the economy and develop interest in some
manufacturing no matter how small the scale, so as to be sure
of the survival in today or future Nigeria.
Most traders especially if Nigeria origins who are seeing the
writing on the wall of destiny are gradually investing in
industries and where necessary, are working with foreign or
indigenous experts to make the enterprise successful. There
are in this state numerous Engineers, Accountants, Economists
and other people in other fields who possess the intellectual
ability to set up an industry but hardly find the necessary fund to
do so.
Nigeria on which the research work is based, is one of the local
government area of Nigeria. It is stated on the Eastern side of
the state and lies on the boarder axis between Abia and
Nigeria. Ezinihitte local government is made up of various
Autonomous communities with a total population of about six
hundred thousand people. A greater percentage of the people
are engaged in Agriculture while others are engaged in trading
as well as traditional and industrial activities such as pot
moulding, basket and mat weaving, hair dressing. Others are
block moulding, Bakery, poultry, soap making, food processing
e.t.c. Most of those activities are small scale establishments
and sole proprietorship and partnership oriented.
A good number of people have shown their concern over the
development of Nigeria and Nigeriain general. People like Engr.
Roy Umenyi who had carried a study of this nature, discovered
a lot of bottle – necks in the development of the local
government in question. Such studies also revealed that
answers to poor development of the area could be found largely
on the insufficient investment in industrial activities. This has
struck the mind of the project writer to carry out a research into
the problems militating against the establishment and
development of small scale industries in Nigeria.