PROMOTING SMALL SCALE BUSINESS: ROAD MAP FOR A RAPID NATIONAL DEVELOPMENT
Abstract
The importance of small scale businesses as a driving force to enhance economic growth, reduce poverty and create job for the teaming unemployed youth in Nigeria cannot be over emphasized. There is no doubt that they can be the engine of development and growth as they are in other developed countries such as USA, Britain and Japan. Since small and medium scale businesses have been the surest and most sustainable way to achieve self reliance, redress poverty and unemployment, the need to promote and encourage it becomes paramount. This paper therefore
examined the role of small scale businesses in enhancing national development, the concepts of small scale business, promotion and national development were reviewed. How to achieve rapid national development through small scale businesses were x-rayed. The paper concluded that small scale businesses are critical to economic recovery and should therefore be made a salient issue in the economic reform process. The paper recommended among others that government should provide fund, create awareness on the availability of the fund and also simplify the process of accessing such fund.
Keyword: small scale business, National Development.
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