Home»Accountancy» Financial strategies for small-scale business in Nigeria. Problems and prospects

Financial strategies for small-scale business in Nigeria. Problems and prospects

 By:usericon philip123  

   Rating:  (2.9) votes123
   Rate this project   
Small scale businesses have been accepted world wide as instrument of economic growth and development. No wonder that government, particularly in the developing countries has made tremendous effort and establish policies to enhance the capacity of micro and small scales enterprises (MSEs). However, despite government institutional and policies support to enhancing the capacity of small and medium scale enterprises, small and medium enterprises has fallen short concern and skepticism on whether SMEs developments in Nigeria. SMES are faxed with significant challenges that compromise their ability to function and to contribute optimally to the economy. This study examine the challenges and prospects of micro and small scale enterprises development in Nigeria by classification are grouped under micro and small scale enterprises, hence, the scope of study. This study was conducted in Imo State, Sourth Eastern Nigeria with the use of questionnaire and interview to gather relevant data that was statistically analyzed. The phenomenal growth of small and medium enterprise in Nigeria is mainly due to the people’s quest to be self employed and not because it is easy to establish or manage. Financial constraints and lack of management skill hamper the efficient performance of micro and small scale enterprises in Nigeria. In view of this, we recommend that government and other non-governmental organization should regularly organize seminars for potential and actual small and medium enterprise....
Preview +
Other Accountancy project topics and materials you might be interested in
»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu)
»The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )
»Internal control as a tool for improving profitability
»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )
»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )
»The Impact of product development on banks performance ( A Case study of first bank plc )
»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state)
»The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )
»Auditing in Nigeria companies, problems and prospects
»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )
»The role of capital market in a developing economy ( A case study of the Nigeria stock exchange )
»Value added tax (VAT) in Nigeria. Merging problems and prospect presented.
»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )
»Financial strategies for small-scale business in Nigeria. Problems and prospects
»The impact of development finance institutions (DFIS) in economic development of Nigeria