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GOVERNMENT REGULATIONS AND THEIR IMPACT ON THE GROWTH OF SMALL-SCALE INDUSTRIES IN NIGERIA

Business Administration & Management Project Topics

LIST OF ABBREVIATION

 

BI                                Bank of Industries

CBN                            Central Bank of Nigeria

DFI                              Development Fund Institutions

FEAP                          Family Economic Advancement Programme

GATT                         General Agreements on Tariffs and Tr

GCCC                         Government Cash Counter-part Contribution

G7                               Group of Seven Most Economically Development Country

ILO                             International Labour Organisation

IMF                             International Monetary Fund

NACB             Nigeria Agricultural Credit Bank

NASSI                        National Association of Small Scale Industry

NBCI                          Nigeria Bank for Commerce and Industry

NCGS                         National Credit Guarantee Scheme

NERFUND                 National Economic Reconstruction Fund

NIDB                          Nigerian Industrial Development Bank

NGOS                         Non-governmental Organisations

NSE                            Nigeria Stock Exchange

NPDF                          Nigeria Project Development Facility

OPS                             Organized Private Sector

PSO                             Private Sector Organisation

SAP                             Structural Adjustment Programme

SSPP                           SAP Standard Policy Package

SEMS                         Stock Exchange Management Systems Sopt

SME                            Small and Medium Enterprises

SMEDFUND             Small and Medium Enterprise Development

SON                            Standard Organization of Nigeria

TG                               Trade Groups

UAC                           United African Company

UNDP                         United Nations Development Programme

USD                            United States Dollar

 

CHAPTER ONE

INTRODUCTION

 

1.1       BACKGROUND OF THE STUDY

Nigeria is a mixed economy with a positive leaning towards a free-market economic system. The provisions of the Nigerian constitution (1999) summarize the objectives of this economic system, namely that:

  1. The state shall control the national economic in such a manner as the secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity;
  2. The state shall manage the major sectors of the economy (defense, currency, banking, import, export, military, aviation, railways, active part in other resources, agriculture, industrial development, etc)
  3. The state shall, without prejudice to the right of any person to participate in areas within the major sector of the economy project the right of every citizen to engage in any economic activities outside the major sectors of the economy.

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