IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
Vol. 1 No.8, 2015

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Development of Small Scale Industries: A Panacea for Economic Growth and Development in Nigeria (A Case Study of Small Scale Enterprises in Nasarawa State

KIGBU, O. Y., MAKU A. A.

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Abstract

By the mid 70s Nigeria was very rich due to oil revenue. It was acclaimed that Nigeria was so rich that the problem was how to spend the money accruing to her. The situation certainly changed by the 1980s. Nigeria became rated among the poor nations of the world. She started importing food and many other items. In an attempt to reduce poverty various individuals and groups established small scale industries. This study examines how these small scale business enterprises have been faring in Nigeria with particular reference to Nasarawa State. The participatory Rapid Appraisal (PRA) was used and the data collected was analyzed. The findings revealed that many are self owned, some of the people are not aware of the Government programmes and the government on her part, has not done enough in assisting and supporting the small scale entrepreneurship in the state and the nation at large. The government schemes, agencies and programmes put on ground to assist the small scale entrepreneurs have not made the desired impact. It also revealed that access to bank loans and other facilities varied with the people’s educational, political and socio-economic statues in the societ

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