SOLVING UNEMPLOYMENT PROBLEM, THROUGH THE ESTABLISHMENT OF SMALL SCALE INDUSTRIES IN NKANU EAST LOCAL GOVERNMENT OF ENUGU STATE
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SOLVING UNEMPLOYMENT
PROBLEM, THROUGH THE ESTABLISHMENT OF SMALL SCALE INDUSTRIES IN NKANU EAST
LOCAL GOVERNMENT OF ENUGU STATE
CHAPTER ONE
INTRODUCTION
Background of the study
Unemployment Problem –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.
Foundation 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 are rested in the
proprietor.
Also according to Klott Lawrence in 1973, that small-scale
industry is any industry which is independently owned 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 Proprietorship: – They are always polited by they sole
proprietorship who does not want to go into partnership 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.
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 devilled, the country today such as, obtaining 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 graduates 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.
Purpose Of The Study
The general objectives aims of the study is to identify some of major small scale
business in Nkanu East local government
area with a view to unveil how far, it all these established business have
helped in acerbating the unemployment problems Enugu State.
Scope Of The Study
In these case, this research work is limited to Nkanu East
Local Government Area in Enugu State in
Nigeria and the unemployment level is also considering which is seriously
eradicated by the establishment of small-scale business.
Significance Of The Study
This study based it’s impact of establishment of small scale
business on the unemployment state of the Nigeria economy and Nkanu East local
Government Area in particular. The major problems and finding places to our
rural job seeker could be pacified by
the establishment of small scale industries through the endeavor to know
whether or not the establishment of the small
scale business in the study area could decrease the
unemployment problem of the study area.
Limitation Of The Study
There were many constraints in the gathering of information
for this research work. But most important fellows:
Finance And Highest Of Transportation: Due to problem of
finance and high transportation rate I cannot be able to carry out my research
work, as I wanted it to be.
Time: In report to the theoretical and practical work, the
time allowed for this project was limited resides these was also carried along
with other academic assignments.
Definition Of Terms.
The most aim of having these term defined is to enable the
reader to know the measuring of these words is by any means he/she do not know
them before with regard this reader has not come across any of them before, it
tends to be immense help Small Scale Business. Oxford paperback (1979) defined
it as on industry, which can be carried out in the home.
Unemployment: The
state of being unemployed, is one who has no job to do regardless as his
strength and qualification.
Entrepreneurship: This
is an individual who has the power to view and evaluate his business
opportunities, gathering the necessary resource to take advantage of them and
initiate appropriate actions to make sure there success.
Data: This is known as
a facts given which means data collected by research for the work.
The Study Area: They
are area usually chosen for research (examination) Nkanu East Local Government
Area with regards to this research. and it’s located at the eastern part of the Enugu state of Nigeria. It was covered
out along with other during the local government reforms of 1976, and has
projected population of 2324, 000 as at then. The study area falls within the
tropical rain forest zone at West Africa. The nature engage mostly in farming
for subsistence and most of them are petty trader and artisans.
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