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Small Scale Industry And Rural Development In Nigeria (PDF)

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Description

– Small Scale Industry And Rural Development In Nigeria (PDF) –

Download Small Scale Industry And Rural Development In Nigeria (PDF). Management Studies students who are writing their projects can get this material to aid their research work.

Abstract

However, the study examined small scale industry and rural development in Nigeria. The sample used for this study consisted of 50 staff of the 5 selected SMEs in Awka South LGA. Therefore, the research instrument was a Questionnaire developed by the researcher and validated by the supervisor.

Also, a response rate of 50 (100%) was recorded during the administration of the research instrument. Hence, data collected were analysed using frequency counts, mean, standard deviation and ANOVA.

Hence, the findings revealed that the role of small scale industries in rural development include the creation of employment, manpower training, promotion of competition, encourages the use of local resources, introduction to big business, encourages industrialization and reduction in urban-rural imbalance.

Introduction

Firstly, Small Scale Industry And Rural Development In Nigeria-Small and Medium Enterprises (SMEs) have been discovered to be a key driver for a country’s rural development (Schmiemann, 2009) hence, SMEs cannot be overlooked in the rural development in any country.

Okongwu (2001) argues that SMEs are recognized as the main source of economic growth and a major factor in promoting private sector development and partnership, in developed and developing countries.

SMEs help to create employment and are often seen as very important for the growth and innovation of dynamic economies (Mutula and Brakel, 2006). Therefore, economic growth and development in Africa can be achieved through the emergence of strong SMEs, which will later grow to become major players in the developing economy.

Hence, SMEs help to diversify economic activities that have significant contributions to imports and exports, they are flexible and can adapt quickly to changing market demands (Ongori, 2009). Thus, SMEs contribute more and more to the national and international economies of the world.

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