SOLVING UNEMPLOYMENT PROBLEM, THROUGH THE ESTABLISHMENT OF SMALL SCALE INDUSTRIES IN NKANU EAST LOCAL GOVERNMENT OF ENUGU STATE
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This research study focuses on the solving of unemployment problem through the establishment of small scale business in Nigeria.A vivid study of Nkanu-East Local Government Area. The study is trying to look into how the unemployment problem can be solved by introducing small industry, which can be managed using the little capital.The research consulted some literatures related works, like Njideka P. (1998) setting small scale business management Enugu, Iyka Publishing Venture. Kotle – P. (1998) marketing management Analysis Planing implementation and control London. An this work was design to Nkanu East Local Government of Enugu State by establishing small scale industries and disbursing of capital as borrowing to them by the government. Method used in the collection of data are primary and secondary method. In primary data collection method, personal interview, questionnaire, personal observation, were a dated within the study area of Nkanu East Local Government of Enugu State.
Also secondary data collection was used on additional source of data.The use of literature located text book, Journalists, newspapers and other forms were adopted.One may conclude therefore that the crealing or the establishment of small scale industries in Nkanu East will be given a relief to the people, by creating employment, so as to easy hardship. More so, it has or manufacturing of primary product before it can be used as final product by the by form.The following solutions are recommended, that government should provide financial objectives to ease the establishment of small scale industries.However, government should problems experts to teach on profit articulation and presentation if their credit, to the prospective leaders.
The research findings has shown that the establishment of small scale industries in Nkanu East Local Government of Enugu State will help increase the standard of the people living.
TABLE OF CONTENT
- Background of the study
- Statement of the study
- Purpose of the study
- Scope of the study
- Significance of the study
- Limitation of the study
- Definition of the study
Review of related literature
- Literature review
- Definition by different authors
- The role of small scale business in solving unemployment problems.
- Contribution of the federal government to the development of small scale industries
- Source of fund available to the
- Implication of the keeping findings
1.1 BACKGROUND OF THE STUDY.
In adequate appreciation of how unemployment could be solved through the establishment of small scale business I Nigeria and in particular or Nkanu East Local government Area of Enugu State, there also the need for the initial performance of defining unemployment? As well as small scale business and inter worse both for our purpose. However, the Oxford dictionary of recent English defined unemployment as the state being unemployed and the amount of usual labour. Unemployment is also people who are willing and able to work but have no job. On the other side of small-scale business has been defined by a list of authors more precily by a man called peter. Ejiofor (1989) in this book.
FUNDATION OF BUSINESS ADMINISTRATION
As these enterprises that relating small capital investment that produces in small qualities and a result control of a small share of the market, that em ploy more than sixty percent of workers in which the management, marketing and an entrepreneur function a re rested in the proprietor.
Also according to Klott Lawrence in 1973, that small-scale industry is any industry which is independently owed and operated and not dominant in it’s area of operation, industries whether a business is small fair sized or by. The says that a small business requires at least one man who is not engaged in any other financial work required. Although it’s true that small scale business create job opportunity and facilitate the economy of the nation still confirmed to the large scale business.
Moreover, small-scale business is known also to have certain indispensable, which differentiate them from large-scale business. Finally the main point for measuring what constitutes a small-scale business attract the following, as to continue;
1. THE SIZE OF THE BUSINESS: – Since they are small in nature, most of them are normally small in size and occupies a small share market.
- TYPE OF MANAGEMENT: – it’s characterizes by one man management, it is owner domination, that is Purism of ownership and control. They owner management participates activity in all level of decision. Making a day-to-day operation and management of the business.
- INFORMATION FLOW: – In small scale business as a one man business, the information is known to come from the owner to they workers and feed back is encourage effectively.
- SOLE PROPERITORSHIP: – They are always polited by they sole proprietorship who does not want to go into particuliarship with others i.e they are ruled solely.
- CHEAP LABOUR:– Most of them in these case due to the type of their business, they search for cheap labour to do work for them, so that they can pay at the end of the day.
- SMALL OUTLAY: – Due to the nature and size. They normally have small invest able capital to run their business. Some illustrations of small business are small-scale poultry farming, Fashion and hair dressing, phone called business etc.
According to yakass, (1990) over the years there has been controversy over the definition of small scale industry. The absence of universal acceptable definition has compounded the problems of many industrialists.
The control bank of Nigeria definition of small scale over does not exceed N 500, 000. 00 to 600, 000. 00. For commercial bank or capital investment not N2 millions and turn over to million for merchant banks.
The NERFUND (National Economic Reconstruction Fund) defines a small-scale operation, as the medium scale enterprise is any business requirement between N 6 millions and N10million also depart lend to start.
The federal ministry of industries defines small-scale industry as a manufacturing, processing or serving enterprises whose capital investment does not exceed N 250, 000 in machinery and equipment only.
The definition is to bring down the parameliar under which an industrialist may take advantages different machineries created by the government such machinery include the granting of loans equipment and raw materials.
1.2 STATEMENT OF THE PROBLEMS
In these recent days Nigeria, the country has been afflicted with so many unemployment problems. This accounts largely for the social ills that have been devialled, the country to day such as, oblaing by false, pretence or advance fees found move popularly known as “419” robbery, bribery and corruption which has become the bane of Nigeria potion and otherwise.
However, it is well common that gradulates produced from various institutions of higher learning and other highly skilled professionals hardly secure jobs takes less of suitable employment opportunity in our country Nigeria in particular. Youth coppers for example on passing out move from one street to other in searching of job or an employment but no way.