Small Scale Entreprise in Nigeria: Issues and Prospects

1.Introduction Small Scale Enterprises (SSEs) have lended and continue to play significant roles in the growth, development and industrialisation of many economies the universe of discourse over. In Nigeria, the SSEs have performed below expectation due to a combination of problems. This situation has been of great concern to the government, citizenry, practitioners, operators and the organised closed-door sector groups. Small businesses are generally regarded as the movement force of economical growth, job creation, and poverty reduction in developing countries. They have been the means through which accele strided economic growth and rapid industrialization have been achieved (Harris and Gibson, 2006; Sauser, 2005; Arinaitwe, 2002; Kiggundu, 2002; Monk, 2000). While the contributions of short businesses to development are generally acknowledged, entrepreneurs face many obstacles that pay off their long-term survival and development. Research on small-business development has shown that the rate of failure in developing countries is higher than in the certain world (Arinaitwe, 2002). They should develop both long-term and short-term strategies to ward against failure (Sauser, 2005; Monk, 2000).

It is generally accepted that SSEs play a notice role in economic growth and industrialization in both developed and developing countries (Akinbogun, 2008). An understanding of the problems negatively impact small businesses in Nigeria is a vital step in managing and avoiding the massive failure of these small businesses and therefore, the purpose of this paper is to render the challenges facing SSEs in Nigeria with a view to proposing solutions. The methodology that is occupied in this paper is the use of decumentary research to gather data through the secondary sources of data. The use of simple content epitome of the problem are employed in the analysis. To this end the paper is organized as follows; section one is the introduction, section dickens is the literature... If you want to get a full essay, order it on our website: Ordercustompaper.com

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