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AN EVALUATION OF GOVERNMENT INCENTIVES SCHEMES TOWARDS SMALL SCALE

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AN EVALUATION OF GOVERNMENT INCENTIVES SCHEMES TOWARDS SMALL SCALE

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AN EVALUATION OF GOVERNMENT INCENTIVES SCHEMES TOWARDS SMALL SCALE

TABLE OF CONTENTS

 

 

Title page

 

Approval Page

 

Dedication

 

Acknowledgement

 

Abstract

 

Table of content

 

 

 

CHAPTER ONE

 

1.0     Introduction

 

1.1     Background of the study

 

1.2     Statement of problem

 

1.3     Purpose of the study

 

1.4     Significance of the study

 

1.5     Research questions

 

1.6     Scale /Area study

 

1.7     Definition of terms

 

 

 

CHAPTER TWO

 

2.0     Literature Review

 

2.1     The role of small scale business enterprises

 

2.2     Advantages of small scale business enterprise

 

2.3     Problems of small business in Enugu state

 

2.4     Source of small scale Business finance

 

2.5     Government policies and incentives

 

 

 

CHAPTER THREE

 

3.0     Methodology

 

3.1     The design of the study

 

3.2     Population of study

 

3.3     Sample /sampling Technique

 

3.4     Instrument for data collection

 

3.5     Validity /Reliability of instrument

 

3.6     Method of data collection

 

3.7     Method of data Analysis/presentation

 

 

 

CHAPTER FOUR

 

Data presentation and analysis

 

 

 

CHAPTER FIVE

 

5.0     Summary and conclusion

 

5.1     Recommendations

 

5.2     Limitation of study

 

5.3     Suggestion /Area for further studies

 

Conclusion

 

Reference

 

 

 

CHAPTER ONE

 

 

 

INTRODUCTION  

 

Background of study:    Many economic analysts in Particular have described government incentive schemes towards small-scale business in Nigeria and Enugu metropolis as a well development         especially in this period of low level of economic activity and slow rate of growth of the economy as well as its devastating effects on the demand for labour.  Undoubtedly the slow rate of economic growth in the state explains why few job opportunities are available.  In most parts of the world, the importance of small scale business enterprise is not over emphasized in the process of socio-economic development of the country.  It has become sufficiently clear that large scale enterprises have not and cannot alone play the dynamic role that they are supposed to play in the rapid growth and development of the economy, and prominent among these rates is employment creation and technogical development.  Therefore the need for small-scale enterprises which will supplement the effects of the large scale business.  Small-scale are those business that required very little capital to set up and to produce goods that will carter for the needs of the growing population.  It is in the light of importance of small-scale business in Enugu metropolis that government incentive scheme towards small-scale business will be appreciated.

 

Incentive in a literal sense implies that which has motivating influence and serving to incite actions.  These incentive schemes instituted by government provide other non-financial and financial assistance in the form of loans at affordable interest rate and grants.  It is in the light of the above that nation economic reconstruction fund (NERFUND) and Nigeria bank for commerce and industry (NBCI) and other development banks were created.

 

However, small-scale enterprises have been defined by various authors in various ways but OSA20 (1984) defined small-scale business as a productive enterprise which is owned, managed and controlled by one or two persons or family which influences the decision making and a well has undifferentiated organization structure but has a small share of the market with less than fifty (5)) employees.  While central Bank of Nigeria annual report and statement of account (1975) defined small-scale business as those enterprises with annual turnover not exceeding N5,00,000.00

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