Strategies For Enhancing And Promoting Capital Formation Among Small Scale Enterprises In Nigeria

Strategies For Enhancing And Promoting Capital Formation Among Small Scale Enterprises In Nigeria

Abstract

In this design, the explanation of the stratifies for Enhancing and promoting capital conformation amount the small scale enterprises in Nigeria is made.

The significance of this to the growth of small- scale business in Nigeria is advanced. The general performance of small- scale enterprises in the country isX-vated, using heritage company Enugu, as a case study.

The results of thisX-ray are follows.

1) The net profit of Heritage Company, Enugu isn’t big enough for the expansion of its operation fleetly.

2) There’s slow increase in the quality of supplies in the stories due to high cost and low profit.

3) In order to accumulate acceptable capital for expansion, there must be mandatory savings by the company and operation.

TABLE OF CONTENTS

Chapter One Preface

General Background of the Subject Matter

Problems Associates with the Subject mammy

Problems that the Study will concerned with

The significance of studying the area

description of Important Terms.

References.

CHAPTER TWO REVIEW OF LITERTURE

The Origin of Subject Area

academy of study with the subject area

The academy of however applicable to the problem study

Different styles of studying the problem

The summary.

References.

CHAPTER THREE CONCLUSION

Data donation

Analysis of Data

Recommendation

Conclusion

References.

CHAPTER ONE

preface

RobertH. Heywood, Bruce and Graham 1997, started that capital is the plutocrat used by precious piece of heavy outfit similar as bulldozer a sawmill or a tractor- caravan.

According to Abner 1990, capital is the most important of all the factors of product. He noted that the more a country uses her capital, the advanced the rate of industrialization and thus, the rate of development, to him, the reason for this is because the developing countries have lower of capital that they’re still primary directors largely. He listed some of these developing countries and they includes the entourages

· Ghana and other West African countries

· Latin American countriese.g Brazil India

· North and central African countriese.g Pakistan

· East and southern African countriese.g Kenya.

FC Okechukwu 1999 as an accountant, sees capital as finances( generally in the form of means). Contributed by the possessors of the business and out residual profit after apportion charges and outside interest. As a result for a business that’s starting operation. All means contributed by the possessors to set up the business will be regarded as capital.

In the course of his explanation, he mentioned that Pandef sees capital as the total finances invested in the business. He went further to say that Batty sees capital as the finances used in the business.

Baruam. 1998 reports that another defends of the growth of capital conformation in West African is the inequitable distrisation of income. He noted also, that the veritably rich people in West Africa tends to come richer while the poor millions come poorer. He further stated that about 10 of the population of West Africa countries control about 667 of the income again he stated that the many rich people of West African countries can heads their wealth and impound what they can seize, there by invest lower in hulk productive enterprises there’s no sufficient capital to top the mortal( labour) and Natural( land) coffers in West African.

David Begg 2002 defined capital as the stock of produced goods that contribute to the product of other goods and service. He stated that assiduity and business association needs to increase their capital stock, their ministry outfit, plant and office structures. He also stated that assiduity has to contemporize its capital outfit and the new growth diligence similar as information technology needs to intrigue for unborn product.

Roy Harrod, an English Economist 1940, in his post war propositions on capital, emphasized on mortal capital. He defined mortal capital as the skill and knowledge embodied in the minds and hands of the population.

adding education training and experience allows workers to produce further affair from the same position of physical capital.

GeorgeJ. Stigler 1975, Defined capital as anything “ other than a free human being ” which yield precious services over and perceptible period of times. He believes that capital consists of all profitable foods except people and perishable similar s hydroelectric heads etc. He also view capital as an accumulated fund of general productive power, once income incorporated in particular physical origins or particular forms.

GENERAL BACKGROUND OF THE SUBJECT MATTERS

The growth of small- scale enterprises in Nigeria is being disturbed by shy force of capital and poor performance.

In Nigeria, numerous small- scale enterprises are void because of lack of capital which implies, lack of infectious finances for farther growth of a business association.

These problems help the experimenter to take over this study.

PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER

The purpose of this study are as follows

1) To bandy these problems that hamper capital conformation by the small scale enterprises in Nigeria.

2) To emphasize on the causes for these problems in Nigeria.

3) To suggest the strategies for promoting capital conformation among small- scale enterprises in Nigeria.

PROBLEMS THAT THE STUDY WILL CONCERN WITH

This problem is limited to the heritage company, Enugu.

THE significance OF STUDYING THE AREA

The findings and suggesting of this study if carried out will promote the growth of small- scale enterprises in Nigeria.

Exploration Questions

In order to achieve the purpose of this study, the following exploration questions.

1) What are the factors that hamper capital conformation among small scale enterprises Nigeria

2) What are the strategies or wants of promoting capital conformation among the small- scale enterprises in Nigeria?

description OF TERMS

CAPITAL The capital as was stated in the design refers to as finances or wealth invested for farther product of represents a stock of wealth which exists at a particular time; set away for product and these stock of wealth includes plutocrat, machines; structures and stock of foods.

CAPITAL FORMATION the capital conformation as used also in this design writing refers to the act of adding the capital, stock or capital base of a company or establishment or a nation.