- Title
- Assessment of national small and medium scale policy as a driver of local economic development : a case study of Ife Central Local government, Nigeria
- Creator
- Adefemi, Adebayo Oluwaseun
- Subject
- Economic policy Economic development -- Nigeria
- Date
- 2017
- Type
- Thesis
- Type
- Masters
- Type
- M.Admin
- Identifier
- http://hdl.handle.net/10353/12711
- Identifier
- vital:39301
- Description
- This study, assessment of national small and medium scale policy as a driver of local economic development: a case study of Ife Central Local Government, Nigeria, was undertaken to find out if the National SME policy in Nigeria has performed its critical role of driving the local economic and if not, why, and also to identify measures to solve the problems that are hindering the implementation of the National SMEs policy. This study will therefore investigate the contributions of the Small and Medium Enterprises sub-sector of the Nigerian economy, its problems and prospects and also examine the National SME policy and the importance of the policy. The objective of this study is to explore the implementation of National SME policy as a driver of local economic development, analyse the challenges that are associated with implementing the National SME policy in Ife Central Local Government and make recommendations regarding the implementation of SME policy in Nigeria. A total of 5 MP’s were randomly selected from a cross section of 7 MP’s that represent Ife Central Local Government. Interviews was used to determine how the National SME policy is been implemented in there constituency and if they are facing any challenges as to the implementing the policy and how are they solving the problems that are associated with the policy. The major findings of this study include the following: the National SME policy is an important policy which if well implemented would help the development of SMEs and also have great impact on the local economic development. Among the problems associated with the policy according to the MP’s are financial problems, illiteracy level of people in their constituency, Land segmentation problem, marketing problems. This study therefore recommended that government should strengthen financial laws that mandates financial institutions to give low interest rate loans to SMEs with little or no collateral. The government should accelerated development and upgrade of rural roads and rail network and other infrastructural facilities and review taxies in favour of local manufacturers especially the SMEs.
- Format
- 128 leaves
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- University of Fort Hare
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | ADEDAYO DISSERTATION.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |