Thesis Abstract

The abstract section of the research content is as follows This study examines the management practices and performance of small and medium-scale enterprises (SMEs) in Nigeria. SMEs play a crucial role in the economic development of Nigeria, contributing significantly to employment generation, poverty reduction, and GDP growth. However, many SMEs in Nigeria face challenges related to poor management practices, which hinder their performance and growth. This study seeks to explore the relationship between management practices and the performance of SMEs in Nigeria. The research employs a mixed-methods approach, combining both qualitative and quantitative data collection methods. The qualitative data will be gathered through interviews with SME owners and managers, while the quantitative data will be collected through surveys distributed to a sample of SMEs across various sectors in Nigeria. The data will be analyzed using statistical techniques to identify the key management practices that impact SME performance. The findings of the study are expected to provide valuable insights for policymakers, business owners, and other stakeholders on how to improve the management practices of SMEs in Nigeria. By understanding the factors that influence SME performance, policymakers can design targeted interventions to support the growth and sustainability of SMEs in the country. Business owners and managers can also use the findings to enhance their management practices and improve the overall performance of their enterprises. Overall, this research contributes to the existing literature on SME management practices and performance in Nigeria. By shedding light on the challenges faced by SMEs and the factors that influence their performance, this study aims to inform policy decisions and business strategies that can drive the growth and development of SMEs in Nigeria. Ultimately, the success of SMEs is crucial for the economic prosperity of Nigeria, and improving their management practices is essential for unlocking their full potential and maximizing their contribution to the country's economy.

Thesis Overview

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The small and medium scale enterprises (SMEs) have been generally acknowledged as the bedrock of the industrial development of any country. Apart from the numerous goods and services, they provide a veritable means of large scale employment as they are usually labour intensive. (Yerima et al 2007). In developing countries, Nigeria have since the 1970‟s shown increased interest in the financing and promoting small and medium scale enterprises from three main reasons. According to Owuallah, (19999:9), these reasons are:

    Transformation of traditional or indigenous industry Increase in job creation.

    Redistribution of wealth and income

They also provide training grounds, for entrepreneur even as they generally rely on more on the use of local materials. Osaba, (1987:105) says that, the distribution of goods has continued to be the only viable and reliable option for development, growth and survival of any economy. The work explore the role and contribution, constraints and prospects of the small as it contributes to the growth and development of the Nigeria economy, and the government efforts, internal and external support.

(SMES) have been full recognized by government and development experts as the main engine of economic growth and major factor in promoting private sector development and partnership (Adeusiyi, 1997:95).

Ajakaiye (2003) state that the central bank of Nigeria (CBN) has initiated a project for baseline economic studies to develop in integrated information system for SMEs to foster better implementation of small and medium industries equity investment scheme (SMES).

Federal government has facilitate SMEs by established National Association of Small and Medium Industries (NASSI), Central for management development (CMD), Fund for Small Scales Industries (FUSSI). This is because of her concern for the survival of the SMEs.