Central Bank of Nigeria, Research Department
Small -scale industries, Government policies, Nigeria
This paper analysed the concept of small-scale industries in Nigeria. After suggesting a modification to the extant definitions with a view to harmonising them, it appraised government small-scale industrial policy which is based on realising the conceptualised advantages of the small-scale paradigm. The analysis paid special attention to the funding of these enterprises. Whereas failure of the large-scale import-dependent assembly plants to propel the country into a satisfactory course of industrialisation necessitated the diversification of strategy to embrace the promotion of small-scale enterprises, achievement under the new strategy has not been commensurate with expectations in terms of the stated objectives which were economic self-reliance through the mobilisation of available local resources, employment generation, and industrial dispersal as well as mitigation of rural urban migration.
Sule, E. I. K. (1986). Small scale industries in Nigeria concepts, appraisal of some government policies and suggested solutions to identified problems. CBN Economic and Financial Review, 24(4), 24-34.