This is a downloadable final year project topics materials on Institution And Government Financing Of Small And Medium Scale Enterprises In Nigeria from chapter one to five with references and abstract.
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ABSTRACT
Only recently has the government begun to acknowledge openly that the importance of small and medium scale enterprises in the national economy cannot be under estimated. This sis responsible for the giving increasing policy attention in recent years to those categories of enterprises particularly in the third world countries.
In the course of writing this project, emphasis was placed on the financial institution, with the case study of Nigeria Bank for commerce and industry.
The project has been divided into five (5) chapters for understanding purpose. 1 took time to discuss the meaning, nature and problems faced by small and medium scale enterprises which range from restricted access to institutional credit, poor management, high rate of business failure, low productivity, under capitalization and shortage of skill.
This project gives more light into the background and evolution of small and medium scale enterprises in Nigeria and the various institutions and government that are responsible for the financing of small and medium scale enterprises in Nigeria were examined including their mode of operations. Such institutions include small scale including credit scheme,
Nigeria Bank fort commerce and industry small and medium scale enterprises loan, industrial development centers, National Economy Reconstruction Fund, Nigerian Export and Import bank and People Community banks. It was discovered that through these institution, small and medium scale enterprises play some roles like creation employment mobilization and utilization of domestic savings mitigate rural-urban migration.
TABLE OF CONTENT
TILE PAGE
DEDICATION
DECLARATION
CERTIFICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
1.0Â INTRODUCTION
1.1Â Â BACKGROUND OF THE STUDY
1.2Â PURPOSE OF THE STUDY
1.3Â STATEMENT OF THE STUDY
1.4Â DELIMITATION OF THE STUDY
1.5Â LIMITATION OF THE STUDY
1.6Â DEFINITIONS OF TERMS
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE
2.1Â BACKGROUND AND EVALUATION OF SMALL AND
MEDIUM SCALE INDUSTRIES IN NIGERIA
INSTITUTIONS AND GOVERNMENT FINANCING OF
SMALL AND MEDIUM SCALE INDUSTRIES TN NIGERIA
GOVERNMENT POLICES ON SMALL AND MEDIUM SMALL
INDUSTRIES IN NIGERIA
THE ROLES OF NIGERIA BANK FOR COMMERCE AND
INDUSTRY IN FINANCING OF SMALL ANT) MEDIUM SCALE
INDUSTRIES IN NIGERIA
PROBLEMS OF SMALL AND MEDIUM SCALE INDUSTRIES
IN NIGERIA
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1Â STEPS IN THE CONDUCT OF THE STUDY
3.2 DATA COLLECTION METHOD
3.3Â METHOD OF DATA ANALYSIS
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1Â DATA PRESENTATION
4.2Â DATA ANALYSIS
4.3Â RESULT OF FINDINGS
4.4Â TESTING OF THE HYPOTHESIS
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1Â SUMMARY
5.2Â CONCLUSION
5.3Â ECOMMENDATION
REFERENCE/BIBLIOGRAPHY
CHAPTER ONE
1.0 INTRODUCTION
1.1Â BACKGROUND OF THE STUDY
The activities of small and medium scale industries (SMSI) in fostering economic forefront of development strategies.
In the light of this, government and financial institutions have been playing appreciative roles in promoting the survival and growth of SMSI in recognition of their flexible and adaptive nature as well as their regenerative power in prompting economic development government in believing that a dynamic and growing small and medium manufacturing sub-sector can contribute significantly to the implementation of a wide range development objectives has thus emaciated various veritable engine of growth and development.
The basic objectives of government policies as contained in the monetary and fiscal policy measures are to improve the financing and other supportive services to SMSI by expanding and improving their access to credit and infrastructural facilities, reducing their production cost, boosting their profitability, enhancing their costs, survival and growth capacities as well as expanding their contributions to non-oil exports by making their products competitive in the export markets.
All these are done through the new lending schemes and credit institutions
This project therefore will go a long way in opening the eyes of individuals in the society towards making them productive and self reliance.
At the end of this •project, everyone will be motivated top make Nigeria a land of bright and full employment opportunities for all citizens.
1.2 PURPOSE OF THE STUDY
The purpose of this project (study) is to critically examine the small and medium scale industry to know about various sources of financing that open, to them to analyze the part played by financial institution, with special references to the Nigeria bank for commerce and industry (NBCI) so that at the end of the project, every citizens of this nation will be enlightened that they could establish their own company not until when the get a very huge amount of money to float a company.
This will indirectly stop or reduce the number of people searching for while collar job. This will automatically bring to the lowest level the unemployment in the country.
1.3Â STATEMENT OF THE PROBLEM
Some of the major problem of small and medium scale industries in Nigeria comes from their nature and characteristics. These problems have some limited access to capital and other service for which government policies are specifically meant to solve. They are summarized as follow
RESTRICTED ACCESS TO INSTITUTIONAL CREDIT
Many small and medium scale industries in Nigeria are unable to meet the lending requirement of the commercial and merchant bank wiling to improper record keeping by the SMSI and or inadequable ita1 base.
These banks regard most SMSI as high risk ventures and therefore it away from them.
POOR MANAGEMENT
This has been the major factors that have crippled many small and medium scale industries in Nigeria. This usually results from poor control systems, improper keeping of financial records, lack of technical and economic counseling and imperfect market.
HIGH RATE OF BUSINESS FAILURE
Inadequate working capital which restricts the productive capacities of some case small and medium scale industries SMSI. Leads in some case to their failure.
Financial institution especially the Nigeria bank for commerce and industry (NBCI). Consider them as high risk venture which are very u1nerable to sudden policy changes.
LOW PRODUCTION
Productivity is generally low in small units, since produced influence costs and profits. Because of low productivity, they find it difficult to survive with stiff competition.
UNDER CAPITALIZATION
May small and medium scale industries (SMSI) are undercapitalized; they suffer from inadequate working capital and thus, have difficulties in finding their business operation especially the purchase of raw materials. At times, payments are help up by customer’s aid that constitutes the cause of a large part of small industries financial difficulties. It places not only a heavy credit burden on SMSI but also creates uncertainty to their working capital restricts their productive activities.
E. AVERSIONS TO DISCLOSURE OF INFORMATION
Many small and medium scale industries (SMSI) have a great aversion to disclosing the details of their operation such as, supply sources, production processes, production costs, profit merging and difficulties encountered,
The disclosure about their operations is regarded by some SMSI as incursion on privacy, while some are reluctant to let anyone advise them on how to run their operations often restrict their access to credit.
Another problem is the activities of multinationals who have lot of money to spend to finance large scale industries and making it impossible for small scale industries to complete favorably.
Also, there is the problem of inability to establish agency (SMIDAN) in the country. Moreover, there was shortage of skills; inadequate financial resources constrain many SMSI to use semi skilled or unskilled labour of course. At infects productivity, restrains, expansion and limits competitiveness.
1.4Â SIGNIFICANCE OF THE STUDY
This project intends to establish facts on how institutions and government finance small and medium scale industries in Nigeria economy, and how individuals can source for loans and advances to float their business.
In so doing, it will expand the knowledge of an individual or citizens and those willing to setup a business of their own.
This will reduce unemployment rate in our country (Nigeria).
SCOPE OF THE STUDY
The delimitation of this study will be within the areas of government involvement in financing small and medium scale industries (SMSI) and the schemes operated by some financial institutions for this same purpose of financing. Some of these schemes include the small scale industries schemes (SSLCS), NEXIM, NERFUND, SMIADA etc.
This piece of research will also cover some of the policies adopted in the country of SMSI, the efficiencies and consequences of these policies, and the later part of the paper will evaluate or appraise the existing SMSIS credit schemes in Nigeria. In getting these done, constitution will be made to some small and medium scale industries, personal interview will be conducted and extracts from journals and text books are also useful materials in writing this project.
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