Small Scale Investment: a Potential Tool for Employment Generation

Small Scale Investment a Potential Tool for Employment Generation

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Chapter one on Small Scale Investment: a Potential Tool for Employment Generation

INTRODUCTION

Nigeria as a nation blessed with both human and natural resources can attain high economic development with little effort and sincerity on the part of her citizens. One of the ways to achieve this economic development is through the establishment of an industries to process the huge maturely resources into conformable goods. Therefore the establishment of small-scale industries all over the country is a right step in the right direction. This will help the country to channel both her human and natural resources to the productive area to enhance economic growth.The view has been held by many in the government, academic and business circle that small scale business should be treated separately from the large firms thus small scale businesses one frequently seen facing a range of problem than the larger ones.The Nigeria business environment offers business opportunities.

With the Nigeria business promotion degree of 1972 which was revised in 1977 and with various federal and state government business assistance, the economic environment is encouraging for business pursuit in addition, the small industries division of the federal ministry of industry has also be instituted to the further the interest of small scale business in response, small scale business are being established everyday but with survival difficulties some years back the family support programmed under the auspices of the family economic advance programs pledged to established small scale business in all local government area of the country the national directorate of employment (NDE) gives grants to beneficiaries so that they can start their own small scale enterprises.

Also the Nigeria agricultural land development agency (NALDA) was put in a place4 of agro based industries to grow since most of the rural dweller are farmers the concept of people bank of Nigeria (PBN) come to limelight and billion of naira were pumped into the bank for on lending to small scale industrialist. Of recent the poverty alleviation programme (PAP) was launched to encourage people to established their own small scale enterprise to reduces the problem of unemployment and reduces the rate of importation of goods but with all this government programmed, our ethno-centrisms, lack of integrity and management myopia did not allow some of these programmed to achieve the much we expected from them.

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