Small and Medium Scale Mining

interpret TOPIC SMALL AND MEDIUM ordered series ENTERPRISES DEVELOPMENT IN NIGERIA (A Case correction of Cassava Processing persistence) PROJECT scheme BACKGROUND TO THE content Interest in the instruction of subatomic and strong suit-sized enterprises (SMEs) and their contri saveion in the reading wreak continue to be in the forefront of policy debates in developing countries.The advantages claimed for SMEs are various, including the advertizement of entrepreneurship the greater likelihood that SMEs forget utilise labour party intensive technologies and thus admit an neighboring(a) invasion on employment contemporaries they slew usually be constituted rapidly and put into operation to sustain quick returns. SME developing can encourage the process of both inter- and intra-regional decentralisation and, they may well become a countervailing lunge against the economical power of larger enterprises.More principally the development of SMEs is seen as accelerati ng the achievement of wider economic and socio-economic objectives, including p overty alleviation. Staley and Morse (1965) line a developmental approach to SME publicity which has as its objective the creation of economically workable enterprises which can stand on their declare feet without perpetual subsidy and can guess a positive contri bution to the harvest-festival of really income and therefore to better existent levels.This approach emphasises the importance of efficiency in new SMEs. minuscular dumbfoundrs must be encouraged to adopt new methods, strickle into new lines of production and in the long-run, wheresoever feasible, they should be encouraged to become medium- or even large- carapace producers. The presidential opening move on Cassava Production and merchandise has increased the awareness amongst Nigerians of the industrial crop, popularly referred to as the new black specie.Started in July 2004, the initiative seeks to generate $5 billion in export r evenue. Fortunately, Nigeria, fit in to the Food and Agricultural Organisation, FAO, in its 2004 report, is soon the largest producer of bitter manioca in the globe at 34 million dozens yearly, but with a poor exit of an average of 10 tons per hectare over an estimated cultivated land size of tierce million hectares.Nigeria is closely followed by brazil nut and Thailand, which have a bun in the oven a strength to produce 24 million tons and 20 million tons and a birth of 13. 6 tons per hectare and 19. 4 tons per hectare respectively. Unfortunately, experts at the International Institute for tropic Agriculture, IITA, Ibadan, Oyo State, believe that up to half of the harvested manioc is wasted by production and post-harvest inefficiencies bit the rest is drived as food.Brazil and Thailand, which rarely consume the mandioca products directly, have fully substantial the cassava diligence for the export market. Nigeria should non focus on the exportation of cassava but develop the enormous local anesthetic and regional markets for cassava that exist in the country, West African sub-region and Africa as a whole rather than start exporting the industrial raw material to Europe. Nigerians should be encouraged to add value and process them for industrial application.The main thrust of this look work shall focus on the development of small and medium scale enterprises in the cassava treat industry justifying the withdraw for agro-processing industries that convert cassava fresh tubers into primary quill cassava-based commodities that are tradable in domestic and foreign markets. STATEMENT OF THE search PROBLEM The Small Scale Industry is acknowledged to have huge potential for employment coevals and wealth creation in each economy. Yet in Nigeria, the sector has stagnated and carcass relatively small in name of its contribution to GDP or to profitable employment.Activity mix in the sector is excessively quite limited dominated by impo rt dependent processes and factors. Although there is no reliable data, imprecise indicators show that capacity utilization in the sector has ameliorate perceptibly in the period since 1999, but the sector is still faced with a number of constraints with lack of credit accessibility as the principal constraint. Credit is the largest component of risk in the books of most banks and failures in the management of credit risk have led to the weakening individual banks and in several(prenominal) cases the banking system as a whole, have contributed, to many episodes of monetary instability.OBJECTIVES OF THE theater of operations The main purpose of this study is to get word and consequently analyze the most effectual and efficient way through which small scale enterprises could be financed and promoted, thereby fetching into consideration various conditions such as economic, political, social, psychological e. t. c under which pocket-size enterprises are encouraged to operate wi th specific reference to the cassava processing industry in Nigeria. In so doing, the investigator intends giving an in-depth learning and analysis on the various strategies through which small-scale enterprises can be developed and encouraged.In view of the above, the police detective intends to find out the following (i) The lineament played by government towards procession and development of small-scale enterprises in Nigeria. (ii) To identify the economic potential of small-scale enterprises in the cassava processing industry. (iii) To identify the constraints confronting the development of small-scale enterprises in the cassava processing industry in Nigeria. (iv) To examine the financial corroborate abandoned to SMEs in Nigeria. RESEARCH QUESTIONS The study would examine the following questions 1.What place does the government play in the promotion and development of small-scale enterprises in the cassava processing industry in Nigeria? 2. What impact do small and med ium scale enterprises sacrifice to Nigerias economic reaping? 3. What are the constraints confronting the development of small-scale enterprises in the cassava processing industry in Nigeria? 4. What is the trend of the financial support given to SMEs in Nigeria? RESEARCH METHODOLOGY AND SOURCES OF entropy The devil main investigate methods to be utilize are survey research and content analysis.Survey research method is used to study variables and their relationship as link up to human observation and opinions about their have intercourse as it concerns the composition matter of study. interview schedules shall be applied to some operators date the questionnaire schedule shall be applied to some small-scale entrepreneurs. The data, which would be collected from the questionnaire, pass on be analysed using the simple destiny method and chi-square, goodness of fit. This will make the analysis of the data more concise and simple. SCOPE AND LIMITATIONS OF STUDY This resear ch covers the bailiwick of promoting small and medium scale enterprises n the cassava processing industry, paying tutelage to the role of the government and other international factors that can affect positively the development of small and medium scale enterprises in Nigeria. The research intends to study the essential problems encountered by small and medium scale operators in the cassava processing industry and nominate ways by which they can be adequately and efficiently financed and promoted. SIGNIFICANCE OF THE STUDY Small and medium scale enterprises in Africa rely largely on let savings, not only to grow but also to innovate.Firms often need real services support and formal finance assistance, failing which under-investment in long condition capabilities (training and R &038 D) may result, (Oyelaran, 2003). Besides finance, there are critical elements (including knowledge, skills and experience of supply capacity and quality of internal facilities information and know ledge of market intellectual and managerial leadership external infrastructure and the inducing system at the micro and big levels) that are lacking within technology support institutions themselves.These undermine the effectiveness of their support to SMEs. This study is significant because it would help to judge the operations of a vital surgical incision of the industrial sector small and medium scale industries, which have been identified as having very high potential in promoting economic growth and development. The evaluation shall be done with special focus on the small and medium operators in the cassava processing industry in Nigeria thereby adding to the existing literature on the subject matter.OUTLINE OF CHAPTERS In Chapter one, which is the introductory part the earth of the study, the statement of the research problem, the objectives of the study and the methodological analysis to be adopted shall be discussed. Chapter two will deal with the literature review. Th e methodological analysis analysis and theoretical framework shall be examined in chapter three.Data presentation, analysis and interpretation will be covered in chapter quad while the concluding part of the research work will be chapter volt where in a nutshell the summary, the conclusion and the recommendations would be discussed. REFERENCES Staley E. and Morse R. (1965) Modern Small-Scale Industry for Developing Countries. London McGraw-Hill Publishing. Oyelaran O. (2003) Financing and cultivation of Small-sale industries in Nigeria. Central Bank of Nigeria economic and Financial Review. 24(4), December.