Problems of Financing Small Scale Enterprises in Nigeria

Problems of Financing Small Scale Enterprises in Nigeria

This chapter Examines different relevant literature and theories dealing on the problems of financing small scale industries. In fact much work has been done. Small scale industrial development has assumed a leading role in the rapid industrialization and development of different countries of the world. As a result of this leading role and importance of small scale industries in the industrialization of nations. What has been said about this sector. According to Mazi Chibuzor M. O. Eze in a paper he presented at the seminar on the development of small scale industrie4s in Aguata, “The issue of small-scale industries has been over-flagged by development bankers, academicians, government officials and small scale industrialists themselves. 1 [Read more…]

Problems of Financing Small Scale Enterprises in Nigeria

 Problems of Financing Small Scale Enterprises in Nigeria

Problems of Financing Small Scale Enterprises in Nigeria – Finance has been identified as one of the major factors for the development of small scale Industries in Nigeria.  For the establishment of a small scale business in Nigeria, the first factor to be considered is the availability and source of fund for setting up the industry, small scale business is an organization that can be measured by various characteristic and some of these are its sales volume, capital investment, ownership structure and the member of paid employees. [Read more…]