PROBLEMS AND PROSPECTS OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA

ABSTRACT

The main purpose of this study is to identify the problems and prospects of small and medium enterprise in Enugu East Senatorial Zone. To do this, data were collected from both primary and secondary sources. The main instrument of data collection was the questionnaire.

The data were presented in tables as frequency, distribution in the data analysis, the techniques of percentages frequencies were used. The hypothesis were tested with ztest technique at 5 significance level.

Having analysed the data the following were the major findings;

Most of the operators of small and medium enterprise in Enugu East Senatorial Zone make an average daily turnover of N15,000 and profit of about N15,000 daily.

There has been a phenomenal growth in the dimensions and nature of small and medium enterprise in Enugu East Senatorial Zone.

The growth is mainly on account of peoples desire to be self employed.

The problems of establishing and managing small and medium enterprise include lack of capital, lack of managerial skills, lack of business ideas, high cost of operational facilities, scarcity of accommodation, lack of efficient preservation, system and poor environmental and sanitation.

TABLE OF CONTENTS

Approval Page i

Dedication ii

Acknowledgement iii

Abstract

Table of Contents

CHAPTER ONE

1.1 Background of Study 1

1.2 Statement of the problem 4

1.3 Objective of the Study 6

1.4 Hypothesis 6

CHAPTER TWO

2.0 Literature Review 7

2.1 Conceptual Framework 7

2.2 Theoretical Literature 11

2.2.1Types of Small and Medium Enterprise 15

2.2.2Roles of Small and Medium Enterprise in Enugu State

Metropolis in Job Creation and Poverty Eradication 16

2.2.3Importance of Small and Medium Enterprise in Nigeria 18

2.2.4Problems of Small and Medium Enterprise Enugu East 22

2.2.5 Prospect of Small and Medium Enterprise Enugu East

Senatorial Zone 23

2.2.6 Challenges in Facing Small and Medium Enterprise in

Enugu East Senatorial Zone 25

2.2.7 Small and Medium Enterprise Credit Scheme: Case Study

Of Enugu East Senatorial Zone 26

2.3 Empirical Framework 30

2.3.1Ways of Encouraging Small and Medium Enterprise to

Enhance National Development in Enugu East Senatorial

Zone 35

2.3.2 Government Refund on Small and Medium Scale and

Means of Administration 37

2.3.3Limitation of the Study 38

CHAPTER THREE

Research Methodology 40

3.1 Research Design 40

3.2 Area of Study 40

3.3 Source of Data 40

3.4 Sample Size Determination and Sampling Techniques 41

3.5 Instrument 41

3.6 Data Collection Procedure 42

3.7 Method of Data Analysis 42

CHAPTER FOUR

Data Presentation of Analysis 44

4.1 Analysis and Interpretation of Data 44

4.2 Test Hypothesis 59

CHAPTER FIVE

Summary, Recommendation and Conclusion 63

5.1 Summary of Findings 63

5.2 Conclusion 64

5.3 Recommendation 64

Bibliography 66

Questionnaire 67