GOVERNMENT REGULATIONS AND THEIR IMPACT ON THE GROWTH OF SMALL-SCALE INDUSTRIES IN NIGERIA
The main objective of this were (1) to identify how government regulations help in the growth of small-scale industries in Nigeria; (2) To examine the impact the impact of the government regulations in the growth of the small-scale industries (3) To make recommendations on any lapses in government regulations for the growth of small-scale industries in the country and (4) To fill a research gap on the merit and demerit of government regulations in the growth of the small-scale industries in the country. To enable the research to make his findings, it was hypothesized that (1) the greater the number of small-scale industries in Nigeria, the greater their role in rural transformation (development); (2) The positive impact of government regulations of small-scale industries would be possible when the have access to loanable funds for Expansion, and (3) the greater the inadence of bureaucratic corruptive, the higher the failure of the small-scale industries’ access to loanable funds for development. In the methodology, the researcher utilized samples, used respondents from Plateau, Nasarawa, Abuja, Benue for our survey. The chi-square was used for data analysis, while the popular questionnaire of Yes-No type were used to measure the response in the questionnaire.
The findings were that:
i. Government regulations have both negative and positive impaction the growth of small-scale enterprises in Nigeria.
ii. Bribery and corruption practices by bankers and government officials negate the ideas of granting loans to the small-scale industries for development of our communities.
iii. Small-scale entrepreneurs should have access to investment capital in order to get Nigeria economy out of the woods.
iv. There should be an equity investment scheme that should require each bank in the country to set aside 10% of its profit before tax annually to make equity investment in small-scale industries.
v. Banks should be involved in the running of small-scale industries to ensure judicious utilization of funds disbursed to small-scale industries.
vi. The peasants must be assisted through loan and expert advice in the need to invest in small-scale industries for rural development.
vii. The federal and state governments should provide infrastructure and social services in order to give some logistic support for the growth of small scale industries.
viii. Major companies that are beneficiaries of major contract in Nigeria should be encourage by government to give priority to SMEs with relevant competence when giving our sub-contract.
ix. Too operate a business in Nigeria as of now, you need to purchase your own power generator, sunk your own borehole for water and other necessary infrastructural facilities. Government should improve the performance of these infrastructure to reduce the high cost of doing business and thus ensure the survival of SMEs.
x. The number of government approving agencies should be streamlined while unstable exchange rates, high interest rates and un-cooperative attitude of government official should be addressed.
TABLE OF CONTENT
Table of contents
List of Abbreviations
List of Tables
CHAPTER ONE: INTRODUCTION
1.1 Background of the study
1.2 Statement of the problem
1.3 Objectives of the Research
1.4 Research Hypothesis
1.5 Significance of the research
1.6 Limitations of the research
CHAPTER TWO: LITERATURE REVIEW
2.1 Legal Environment of Business in Nigeria
2.2 Political Environment in Nigeria and Business growth
2.3 Government regulatory Agencies and the Growth of Business
2.4 International Environment and the Growth of SSIs in Nigeria.
2.5 The classification of Business Enterprises in Nigeria and the SSIs.
2.6 Small-Scale Industry and Ambiguous concept.
2.7 Re-organization of Development Finance Institutions and the Funding of SSIs in Nigeria
2.8 Commercial Banks and Assistance to SSIs in Nigeria
2.9 Measures by Government to enhance the access of Micro, Small and Medium Enterprises to Institutional Credit.
2.10 Yar’Adua’s Administration and the funding of SMES in Nigeria
2.11 Problems of SME operators and Adequate Collateral Securities
2.12 Government and the Expansion of Incentives to SME
2.13 The UNPP Assistance in SME Development in Nigeria (Programme Achievements).
2.14 UNPP Assistance to Nigerian SMEs and their capacity Building
2.15 UNPP Assisted Proigramme in Nigeria and the SME’s operational, Financial, and Management Issues.
2.16 Impact of UNDP Assisted programmes in Nigeria on the SMES
2.17 Characteristics of small-scale Business in Nigeria
2.18 Problems of Small-Scale Business
2.19 Delegation of Authority in SSIs
2.20 The Role of SSIs in the Nigerian Economy
2.21 Nigeria’s Indigenization Policy and the Growth of SSIs in the country
2.22 Structural Adjustment Programme (SAP) and the growth of SSIs in Nigeria.
2.23 Privatization, Commercialization and their impact on the Growth of SSIs in Nigeria.
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Scope of the study
3.2 The Target population
3.3 The sample size
3.4 Research Design
3.5 Sampling method
3.6 Techniques for Data Analysis
3.7 Operational Definition of Terms
CHAPTER FOUR: DATA ANALYSIS
4.1 Government policy
4.2 Testing of Hypothesis
CHAPTER FIVE: CONCLUSION AND RECOMMENDATION