THE STUDY OF FINANCIAL STRUCTURE OF A SMALL AND MEDIUM-SCALE ENTERPRISES (A CASE STUDY OF NNEWI TOWN IN ANAMBRA STATE)

ABSTRACT The rate of which an economy progress is determine by the level of industry and human capital development.  Nigeria is one of such economy where Small and Medium-Scale Industries have the prospect in main-stream contribution in the growth and development process.  Ironically, this vital aspect of an economy faces obvious difficulty poor financing.  Small and Medium-Scale Enterprises act as a shock absorber to the economy in where heavy-duty/heavy machine industries are sparsely located.  These play the role of labour absorber and routine manufacturing for day-to-day consumption of the populace.  Thus, financing these industries will ensure employment of the ever-teaming population of both urban and rural sector as well as regular manufacturing to support the daily consumption characteristics of a developing economy. Small and Medium-Scale Enterprise do not get required support from the concerned government, department, Banking sector, financial institution and corporate sector, which is a handicap in becoming more competitive in National market.  Small and Medium-Scale Enterprises faces numbers of problems which includes absence of adequate and timely Banking finance, limited knowledge, low production capacity, inefficient marketing and identification of new markets, constraint on modernisation and expansion, non availability of highly skilled labour of affordable cost follow up with various agencies in solving regular activities and lack of interaction with government agencies on various matters. In carrying out this research work, the researcher will use primary and secondary data and also questionnaires, oral interviews and researcher’s experience will be observed.
  TABLE OF CONTENTS Title pagei Approval pageii Dedicationiii Acknowledgementiv Abstractv Table of Contentsvii
CHAPTER ONE 1.0Introduction1 1.1Background of the Study1 1.2Statement of Problems3 1.3Objectives of the Study3 1.4Research Questions3 1.5Research Hypothesis4 1.6Scope of the Study4 1.7Significance of the Study5 1.8Limitations of Study6
1.9Definition of Terms7 References8
CHAPTER TWO 2.0Review of Related Literature9 2.1Theoretical Review9 2.1.1  Definitions of Small and Medium-Scale Enterprises10 2.1.2 Causes of Failure of Small and Medium scale  Enterprises11 2.1.3  The Importance of Small and Medium12   Enterprises in the Economy of Nigeria12 2.1.4  Financial Structure of Small and Medium-Enterprises13 2.1.5  Sources of Finance for Small and Medium-Scale   Enterprises13 2.1.6   Factors Influencing Financial Structures16 2.1.7   Government Policies for promoting Small and    Medium-Scale Enterprises18 2.1.8   Monetary and Fiscal Policies Adopted by Government   in Respect of Small and medium-Scale Enterprises 19
2.1.9   Effect of Government Policies on Small and Medium    Scale-Enterprises20 2.1.10   Problems of Small and Medium-Scale Enterprise21 2.2    Empirical Review24   References26
CHAPTER THREE 3.0Research Methodology27 3.1Research Design27 3.2Area of the Study27 3.3Population of the Study28 3.4 Source of Data28 3.5Sampling Method29
CHAPTER FOUR 4.1Data Presentation and Analysis30 4.2Test of Hypothesis33
CHAPTER FIVE 5.0Summary of Finding, conclusion and Recommendations36 5.1Summary of Findings36 5.2Conclusion37 5.3Recommendations38 Reference40 Appendix41