The Problems And Prospects Of Small-scale Industries In Nigeria

In Nigeria the recognition of the economic significance of small-scale enterprises is only a recent phenomenon. Hitherto, the adopted industrialization strategy, which originated in the colonial era, encouraged the undistracted use of imported raw materials to produce import substitutes. To the extent that this strategy was biased towards large-scale production activities, it invariably undermined the growth and development of indigenous industries, most of which are small medium scale in size. The major criteria used in the definition of small-scale enterprises include member of employees, sa…