The Roles of Small Scale Industry in Nigerian Economy

The importance and advantage derived from the establishment of small-scale enterprises in a development country like ours. Cannot be over emphasized.In the literature on small industry and business there seem to be general consensus that the major contribution of small business is the employment that if offered to a large proportion of the population. As Aluco an his team put it “Although craft and small enterprises accounted for N33.6 million out of N 281.8 million of total industry contribution to gross domestic production. In 1969 – 1970, that is about (12%). The craft and small enterprises sector employed and estimated number of 600, 000 persons while large scale enterprises employed an estimation number of 255,999. [Read more…]