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:
- 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;
- 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)
- 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.