Problems and Prospects of Small and Medium Enterprises in Nigeria. A Case Study of Enugu East Senatorial Zone (#15833)

ABSTRACT The main purpose of this study is to identify the problems and prospects of small and medium enterprise in Enugu East  Senatorial Zone. To do this, data were collected from both primary and secondary sources. The main instrument of data collection was the questionnaire.The data were presented in tables as frequency, distribution in the data analysis, the techniques of percentages frequencies were used. The hypothesis were tested with z-test technique at 5% significance level. Having analysed the data the following were the major findings; Most of the operators of small and medium enterprise in Enugu East Senatorial Zone make an average daily turnover of N15,000 and profit of about N15,000  daily. There has been a phenomenal growth in the dimensions and nature of small and medium enterprise in Enugu East Senatorial Zone. The growth is mainly on account of people’s desire to be self employed. The problems of establishing and managing small and medium enterprise include lack of capital, lack of managerial skills, lack of business ideas, high cost of operational facilities, scarcity of accommodation, lack of efficient preservation, system and poor environmental and sanitation   TABLE OF CONTENTS Approval Page                                                                                i Dedication                                                                                       ii Acknowledgement                                                                           iii Abstract                         Table of Contents
CHAPTER ONE 1.1    Background of Study                                                             1 1.2    Statement of the problem                                                      4 1.3    Objective of the Study                                                           6 1.4    Hypothesis                                                                             6
CHAPTER TWO 2.0    Literature Review                                                                   7 2.1    Conceptual Framework                                                         7 2.2    Theoretical Literature                                                             11 2.2.1 Types of Small and Medium Enterprise                               15 2.2.2 Roles of Small and Medium Enterprise in Enugu State Metropolis in Job Creation and Poverty Eradication            16 2.2.3 Importance of Small and Medium Enterprise in Nigeria      18 2.2.4 Problems of Small and Medium Enterprise Enugu East      22 2.2.5 Prospect of Small and Medium Enterprise Enugu East Senatorial Zone                                                                      23 2.2.6  Challenges in Facing Small and Medium Enterprise in Enugu East Senatorial Zone                                                 25 2.2.7  Small and Medium Enterprise Credit Scheme: Case Study Of Enugu East Senatorial Zone                                            26 2.3    Empirical Framework                                                             30 2.3.1 Ways of Encouraging Small and Medium Enterprise to Enhance National Development in Enugu East Senatorial Zone                                                                                       35 2.3.2  Government Refund on Small and Medium Scale and Means of Administration                                                       37 2.3.3 Limitation of the Study                                                           38
CHAPTER THREE Research Methodology                                                                   40 3.1    Research Design                                                                   40 3.2    Area of Study                                                                         40 3.3    Source of Data                                                                       40 3.4    Sample Size Determination and Sampling Techniques      41 3.5    Instrument                                                                              41 3.6    Data Collection Procedure                                                    42 3.7    Method of Data Analysis                                                       42
CHAPTER FOUR Data Presentation of Analysis                                                        44 4.1    Analysis and Interpretation of Data                                       44 4.2    Test Hypothesis                                                                     59
CHAPTER FIVE Summary, Recommendation and Conclusion                               63 5.1    Summary of Findings                                                            63 5.2    Conclusion                                                                             64 5.3    Recommendation                                                                  64 Bibliography                                                                                    66 Questionnaire                                                                                  67