Department of education

SMALL AND MEDIUM SCALE ENTERPRISES AND THE GROWTH OF NIGERIAN ECONOMICS








BY





OKORUWA ABEL 
MAT. NO.: FSS/ECO/13/16462







A PROJECT WORK SUBMITTED TO THE DEPARTMENT OF ECONOMICS, FACULTY OF SOCIAL SCIENCES, AMBROSEALLIUNIVERSITY, EKPOMA, EDOSTATE. IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF A BACHELOR OF SCIENCE (B.Sc.) HONS. DEGREE IN ECONOMICS





OCTOBER, 2017.


CERTIFICATION
This is to certify that this project work was carried out by Okoruwa Abel with Mat. No. FSS/ECO/13/16462 in the department of economics, faculty of social sciences and was found to be adequate in scope and quality.


 Dedication
This project work is dedicated to late Mr. A. E. Okoruwa of blessed memory.

Acknowledgement
This research work has be made possible by the special grace of God who empowerment especially circumstance beyond my control which I had to contend within the course of my studies in this great Area  of learning
As a mark of honour and recognition I wish to express my deepest and profound gratitude to my project supervisor, Mr. Imoisili S. A. of the department of economics, Ambrose Alli University, Ekpoma, for painstakingly proof-reading  their project work and lead guidiance and concern in his id to ensure that their study is a success. I will also acknowledge the contributions of my individual lecturers who partook in the educational development and social transformation I gained in ambries alli university , Ekpoma.   
Ultmost gratitude also goes to my sweet mother Mrs.Comfort Okoruwa for her tremedious support and encouragement all through the duration of this course of study.                                                                           
This page would not be complete without acknowledging my beloved brothers and sisters Mrs. Michael, Master Vincent, Aunty Angela, Big sister Evelyn, Angel sister Rita and my adorable kid sister Immaculate for their uncomparable love , supports and prayers you have shown and give me, I pray that the good lord will continue to strengthen and lenghthen your days.
         I would also like to acknowledge the support of my uncle and his wife ,Mr and Mrs F.E. IZIBILIand my mentor in the person of  AIKHOMU IZIBILI for their spiritual support and inspiration.
Finally, to all my friends and cousins ,Boniface[Osazele],Mrs
 AIMIUGUINA EMAKHUN, OTA (EDITH), IBHADE (PRISCILLIA), ESEOHE, NICOLAS, EFEMENA, GOD’STIME, PAULOSE, I say a very big thanks to you  all.
You are lifted and bless through Christ our Lord Amen.

Table of contents
Chapter One
Introduction
Background of the Study
Statement of the Problem
Objectives of the Study
Research Hypothesis
Methodology of the Study
Significance of the study
Scope of the study
Organization of the Study
Chapter Two
Literature Review
2.1 Introduction
2.2 Overview of the small and medium industries equity investment scheme (SMIELS)
2.3 Importance/benefits of small medium scale enterprises (SMES)
2.4 The impacts of small and medium scale enterprises to the economy.
2.5 Prospect and Problems of small medium scale enterprises in socio-economic development of Nigeria.
2.6 Efforts in the development of SMEs in the past.
2.7 Developing an appropriate legal and regulatory framework for SMEs
2.8 Stakeholders and their responsibilities in the small and medium industries equity investment scheme (SMIELs)
2.9 Empirical Literature
Chapter Three
Research Methods
3.1 Theoretical Framework
3.2 Sources of Data
3.3 Method of Data Analysis
3.4 Model Specification
Chapter Four
Data Presentation and Analysis
4.1 Introduction
4.2 Data Presentation
4.3 Analysis of data and the discussion of Results
4.4 Policy Implication of results
Chapter Five
Summary of finding, Conclusion and Recommendation
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation

ABSTRAC
This project work examined small and medium scale enterprises and the growth of Nigerian economy. The data used in this research work were obtained from secondary sources and analyzed with simple regression model. The results obtained showed that there exist direct and significant relationship on economic growth. The implication of this result is that small and medium enterprises promote the development of economic performance. Therefore the government should provide good legal framework and fiscal environment for the sector to strive and also establish more agencies to assist the existing ones such as the EFCC and ICPC to tackle bribery and corruption headlong, as businesses can not strive in an environment where bribery and corruption strive.


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