SMALL SCALE MANUFACTURING ENTERPRISE MANAGEMENT IN NIGERIA: PROBLEMS AND OPPORTUNITIES
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SMALL SCALE MANUFACTURING ENTERPRISE MANAGEMENT IN NIGERIA: PROBLEMS AND OPPORTUNITIES
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
There are manufacturing enterprises in Nigeria that manage to produce on a small scale. Local consumables such as garri pomade, detergents, sachet water, foot wears, garments, maize flour, cassava flour, and pastries such as bread, cake, meat pie, fish roll, toast, and so on are manufactured by manufacturing firms.
Other relevant manufactured products include furniture items, cement blocks, and so on. However, it has been noticed that the number and quality of items are insufficient to meet the needs and demands of consumers.
The dreadful condition of inadequacy of manufactured items has been attributed to a number of issues that impede the effective and efficient administration of small-scale manufacturing firms. The limits have grown annoying and tenacious.
As a result, there is concern that small-scale manufacturing enterprises in Nigeria may face limited opportunities for success, expansion, and diversification. Despite the bleak circumstances, there is yet hope for Nigeria’s small-scale manufacturers.
The precise identification, presentation, and analysis of the difficulties and prospects of managing small-scale manufacturing firms in Nigeria can lead to solutions. The researcher was resolved to deliver the aforementioned remedies.
Some of the issues are as follows:
1. A lack of infrastructure such as excellent roads, piped water, telephone services, electric electricity, and industrial estate.
2. insufficient funding
3. a scarcity of technical personnel
4. Lack of awareness of various government and other agency incentives.
5. A scarcity of well-equipped maintenance shops.
6. Constant shifts in government policy by succeeding administrations.
7. Expensive raw materials and difficulty procuring them, among other things.
Despite the challenges of operating small-scale manufacturing firms in Nigeria, it can be convincingly demonstrated that small-scale manufacturing enterprises in Nigeria have a possibility of surviving and performing significantly better.
The opportunities or prospects include
1. Creating or increasing awareness of possible government incentives.
2. Recent rehabilitation of important and basic infrastructure facilities such as roads and power supplies.
3. Family bonds and patriotism
4. Market availability for manufactured items.
5. A little amount of initial funding provided by one or two investors.
1.2 STATEMENT OF THE PROBLEM
This research will focus on the challenges and opportunities of managing small-scale manufacturing enterprises in Nigeria.
The sub-research problem consists of the concepts of small-scale company, small-scale manufacturing businesses, and the historical evolution of manufacturing in Nigeria.
Problems of small-scale manufacturing enterprises in Nigeria, possibilities of managing small-scale manufacturing enterprises in Nigeria, and the industrial history of Ariwa sachet water Achara Layout are also components of the problems.
1.3 THE OBJECTIVE OF THE STUDY
1. To define and describe a small-scale business in detail.
2. To define and characterise small-scale manufacturing enterprises in detail.
3. To present the challenges of managing small-scale manufacturing businesses in Nigeria.
4. To demonstrate the opportunities for managing small-scale manufacturing businesses in Nigeria.
5. To ascertain the relationship between the challenges and opportunities of managing a small-scale manufacturing firm in Nigeria.
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