EFFECT OF POOR FINANCING ON THE GROWTH OF SMALL SCALE BUSINESS IN NIGERIA (A STUDY OF SOME SELECTED SMALL SCALE BUSINESS IN ETHIOPE-WEST LGA, DELTA STATE)
Abstract
ABSTRACT
This survey was carried out on several small scale businesses in Nigeria for a detailed study of their sources of funds and to identify their financial problem. It was aimed at investigating the effect of financing on the growth of small scale businesses in Nigeria. The population of the study is 150 and the sample size is 109. The data collection was done with questionnaires in analyzing collected data.
Chi-square method of analysis was used. Findings revealed that small scale business encounter personal problem and financial effect on small scale business. On the basis of this findings, conclusions were made and it was recommended that adequate funds should be made available through government and other financial institution to ensure the effective functioning and contribution of small scale business to the economy, and there should be a measure that will help to check the efficient and effective disbursement of the available funds allocated for this empowerment to entrepreneur. There should be a system that will help to know the financial strength and weakness of small scale business in the country.
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