ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW,
PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE
COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
THE IMPACT OF
GOVERNMENT POLICY ON THE GROWTH OF SMALL AND MEDIUM SCALE BUSINESS IN NIGERIA
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE
STUDY
Policy is defined in the Merriam-Webster Online Dictionary as
a definite course or method of action selected from among alternatives to guide
and determine present and future decisions. Policy can also be defined as
making decisions that reflect values and allocating resources based on those
values. Thus, policy represents a particular political, ethical, or programmatic
viewpoint. Governmental policy reflects theoretical or experiential assumptions
about what is required to resolve a particular issue or problem (Obi, 2001). At
the federal and state levels, governmental policy is reflected in multiple
venues:
The federal and state constitutionsset the general framework,
as interpreted in specific instances through court decisions.
The chief executive’s agendais presented through speeches,
press releases, “State of the State” and budget messages to the legislature, executive
orders, and instructions to department heads.
Legislative policyis expressed in speeches and press releases
by the leadership and formulated in policy and appropriation bills.
It is not generally recognized that budgets, expressed in
appropriation acts and taxes, are critical statements of social policy. Budgets
distribute resources and determine what government can and cannot do. They may
or may not provide stable resources for governmental services (Bacdon, 2004).
Policy can also be found in the determinations and decisions
of state department heads and middle management. Their decisions or actions
determine how legislative policy and broad governmental mandates are actually
translated into services. Policy is reflected in strategic plans and policy
memoranda (EKSG, 2014).
It is translated and carried out through rules and
regulations, manuals, requests for proposals, contractual agreements,
enforcement actions, and so forth. However, many researchers has proved in the
past that government policies do influences small and medium scale enterprises.
Small and medium enterprises are believed to be the engine room for the
development of any economy, because they form the bulk of business activities
in a growing economy like that of Nigeria (Basil, 2005). This is manifested in
the following ways, Employment generation, rural development, Economic growth
and Industrialization, Better Utilization of Indigenous Resources.
Governments create the rules and frameworks in which Small
and medium scale enterprises are able to compete against each other. From time
to time the government will change these rules and frameworks forcing small and
medium scale enterprises to change the way they operate (Essien & Udofia,
2006). Small and medium scale enterprises are thus keenly affected by
government policy. Key area of government policy that affects business is
taxation policy. Taxation policy affects business costs. For example, a rise in
corporation tax (on business profits) has the same effect as an increase in
costs. Small and medium scale enterprises can pass some of this tax on to
consumers in higher prices, but it will also affect the bottom line. Other
business taxes are environmental taxes (e.g. landfill tax), and VAT (value
added tax). VAT is actually passed down the line to the final consumer but the
administration of the VAT system is a cost for business (Ikherehon, 2002).
Moreover, the government of the day regularly changes laws in line with its
political policies. As a result small and medium scale enterprises continually
have to respond to changes in the legal framework (Izedomi, 2011). However, the
researcher will in this chapter provide an introduction on the impact of
various government policies on Small and medium scale enterprises
1.2 STATEMENT OF THE
PROBLEM
The term government policy can be used to describe any course
of action which intends to change a certain situation. Think of policies as a
starting point for government to take a course of action that makes a real life
change (Ekezie, 1995). Government uses policy to tackle a wide range of issues.
In fact, it can make policies that could change how much tax you pay, parking
fines, import and export duties, immigration laws and pensions (Ireghan, 2009).
However in Nigeria, government has come up with various policies aimed at
investing in and boosting the Small and medium scale enterprises to generate
employment and reduction of poverty but there has been issues of poor
implementation. Policies can also be changed by government when is not effective,
also when they create a policy it can be made to affect specific groups of
people or everyone in society. Other government policies concerning issues such
as subsidies, interest rates, exchange rates and public-private partnerships
also influence the growth of small and medium scale enterprises (Iromaka,
2006). However, the researcher is seeking to examine the impact of government
policies on the growth of small and medium scale enterprises in Nigeria.
1.3 OBJECTIVES OF THE
STUDY
The general objective of this study is to examine the impact
of government policy on the growth of small and medium scale enterprise while
the following are the specific objectives
To ascertain the impact of government policy on the growth of
small and medium scale enterprise.
To determine the nature of government policy that can
influence the growth of small and medium scale enterprise.
To identify factors limiting the growth of small and medium
scale enterprise.
1.4 RESEARCH
QUESTIONS
What is the impact of government policy on the growth of
small and medium scale enterprise?
What kind of government policy can influence the growth of
small and medium scale enterprise?
What are the factors limiting the growth of small and medium
scale enterprise?
1.5 HYPOTHESIS
HO: Government policy does not affect the growth of small and
medium scale enterprise
HA: Government policy does affect the growth of small and
medium scale enterprise
1.6 SIGNIFICANCE OF
THE STUDY
This study on the impact of government policy on the growth
of small and medium scale enterprises will enlighten the entrepreneurs and the
general public on how government policy can positively or negatively affect the
growth of small and medium, scale enterprises. It will as well be a useful
guide for the government in formulating policies that will contribute to the
nation’s GDP through the growth of small and medium scale enterprises. This
research will also serve as a resource base to other scholars and researchers
interested in carrying out further research in this field subsequently, if
applied will go to an extent to provide new explanation to the topic.
1.7 SCOPE/LIMITATIONS
OF THE STUDY
This research will cover the overview of the different
government policies and how they can influence the growth of small and medium
scale enterprises. It will also covers investigations into different kinds of
government policies and how they affect the growth of small and medium scale
business. Factors that generally affect the growth of small and medium scale
enterprises will also be considered in this research.
1.8 DEFINITION OF
TERMS
Government policy: A plan or course of action, as of a
government, political party, or business, intended to influence and determine
decisions, actions, and other matters
SMEs: an enterprise that has asset base (excluding land) of
between N5million –N500 million and labour force of between 11 and 300.
Tax: a compulsory contribution to state revenue, levied by
the government on workers' income and business profits, or added to the cost of
some goods, services, and transactions
Subsidies: a sum of money granted by the state or a public
body to help an industry or business keep the price of a commodity or service
low.
Economy: the state of a country or region in terms of the
production and consumption of goods and services and the supply of money.
HOW TO GET
THE FULL PROJECT WORK
PLEASE,
print the following instructions and information if you will like to order/buy
our complete written material(s).
HOW TO
RECEIVE PROJECT MATERIAL(S)
After
paying the appropriate amount (#5000) into our bank Account below, send the
following information to
08068231953
or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK
ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO
IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are
good online businesses in Nigeria.
But on
this site, we have provided “table of content and chapter one” of all our
project topics and materials in order to convince you that we have the complete
materials.
Secondly, we have provided our Bank Account on this site. Our
Bank Account contains all information about the owner of this website. For your
own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment,
because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website
WORD-TO-WORD. These materials are to assist, direct you during your
project. Study the materials carefully and use the information in them to
develop your own new copy. Copying these materials word-to-word is CHEATING/
ILLEGAL because it affects Educational standard, and we will not be held
responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy
word-to-word.
FOR MORE
INFORMATION, CALL:
08068231953
or 08168759420
AFFILIATE
LINKS:
Comments
Post a Comment