THE ROLE OF SMALL SCALE INDUSTRY IN NATIONAL DEVELOPMENT IN NIGERIA Ayozie Daniel Ogechukwu‚ Delta State University‚ Abraka‚ Delta State‚ Nigeria‚ The Federal Polytechnic‚ Ogun State‚ Nigeria Abstract A business whether small or big‚ simple of complex‚ private or public is created to provide competitive prices. Business in Nigeria has been classified as small‚ medium and large. In both the developed and developing countries‚ the government is turning to small and medium scale industries‚ as a means
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HOW TO START A SMALL SCALE INDUSTRY The steps involved in starting a small-scale industry are:- • Conduct Market Survey and Study the products as regards their demand in the market. Check whether it is a seasonal product or it has demand throught the year 1. Study similar products available in the market that can be probable competitors. Analyze them as regards their utility‚ quality and cost. 2. Find whether the product can be exported. 3. Explore the possibility whether some product
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Definition of small scale industry INTRODUCTION � An organization can be classified as a small business using criteria of employees ‚annual sales or total assets .small industry any independently owned and operated profit seeking enterprise that has a fewer than 500 employees .small industry may be little in size ‚but they have little impact on the world economy . in india ‚small and medium industy play a vital role in the growth of economy . Small industry have a 40 percent of share in
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Project on Management of Small Scale Industries & Public Relations Management. SSI visited:- Nova Cosmetics Pvt. Ltd. Kevin Enterprises Pvt. Ltd. Introduction To Small Scale Industries. Small-scale industries are the backbone of the Indian industrial structure. They provide a variety of non-traditional low technology product. They are also engaged in the processing‚ preserving manufacturing and servicing activities. small-scale industries (SSIs) constitute an
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Small Scale Industries Introduction The Ministry of Small Scale Industries (SSI) is a defunct Indian government ministry. It was merged with the Ministry of Agro and Rural Industries to form the Ministry of Micro‚ Small and Medium Enterprises. The ministry was tasked with the promotion of micro and small enterprises (MSEs). The Ministry of Small Scale Industries and Agro and Rural Industries (SSI&ARI) was created in October 1999. In September 2001‚ the ministry was split into
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Background of the Study Tax compliance has been a topic of great interest to Revenue authorities especially in the developed countries. Hostility towards tax compliance is an age old problem. “Taxes are considered a problem by everyone. Not surprising‚ taxation problems date back to the earliest recorded history” (Taxworld Organization‚ 1999). Developing countries‚ perhaps due to their frequent budget deficits have not been able to conduct comprehensive research on the behavior of taxpayer in relation
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SMEs are considered the fastest growing sector of electronic commerce‚ the growth of e-commerce is evidence of entrepreneurs’ rush to meet the high growing market demands. E-commerce is a strong mechanism for various types of enhancement within a company; it has the use of effective management and the transformation of rudimental business strategies which represent the paste system to a new e-economy which synthesizes a more sophisticated and visionary approach to business (Van Hooft and Stegwee
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Since Nigeria attained independence in 1960‚ considerable efforts have been directed towards industrial development. The initial efforts were government-led through the vehicle of large industry‚ but lately‚ emphasis has shifted to Small and Medium Scale Enterprises (SMEs) following the lessons learnt from the success of SMEs in the economic growth of Asian countries (Ojo‚ 2003). Thus‚ the recent industrial development drive in Nigeria has focused on sustainable development through small business
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Introduction The role and importance Small and Medium Enterprises play in the development of nation has been well documented and beyond doubt now that any emergent economy must have a viral and sustained SME subsector which are critical to the development of an economy. The significant roles SMEs play in development is acknowledged universally. Even in countries such as the United States. Small and Medium Industries Equity Investment Scheme (SMIEIS)‚ are enterprises with a total capital
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DECLARATION I hereby declare that this project work was personally carried out by the researcher for the award of Higher National Diploma in Accountancy Studies. I declare that this is a genuine work that has never been published in whole or in part for any certificate. ……………………………….. ………………………………… AMPONSAH KWAME DATE (STUDENT) CERTIFICATION I hereby
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