Project Abstract

Abstract
Small scale industries play a vital role in the economic development of any country. They have the potential to generate employment opportunities, contribute to GDP growth, and promote local entrepreneurship. However, small scale industries often face challenges such as limited resources, lack of access to markets, and stiff competition from larger corporations. In this study, we explore the impact of cooperative activities on small scale industrial development. The main objective of this research is to investigate how cooperative activities can help small scale industries overcome their challenges and thrive in a competitive business environment. We will analyze the role of cooperatives in providing access to finance, technology, and markets for small scale industries. Additionally, we will examine the impact of cooperative networks on knowledge sharing, innovation, and skills development among small scale industrial entrepreneurs. To achieve our research objectives, we will conduct a comprehensive literature review on the role of cooperatives in small scale industrial development. We will also collect primary data through interviews and surveys with small scale industrial entrepreneurs who are members of cooperative networks. Through qualitative and quantitative analysis, we will assess the benefits and challenges of cooperative activities for small scale industries. The findings of this study will provide valuable insights for policymakers, development organizations, and small scale industrial entrepreneurs on the importance of cooperative activities in promoting sustainable industrial development. By understanding the impact of cooperatives on small scale industries, stakeholders can design effective strategies to support and promote cooperative networks in the small scale industrial sector. Overall, this research contributes to the existing literature on small scale industrial development by highlighting the role of cooperative activities in enhancing the competitiveness and sustainability of small scale industries. By fostering collaboration and mutual support among small scale industrial entrepreneurs, cooperatives can help overcome the challenges faced by individual enterprises and create a conducive environment for growth and innovation in the small scale industrial sector.

Project Overview

1.0     INTRODUCTION

1.1     BACKGROUND OF STUDY

Business in Nigeria has been classified as small, medium or large. In both the developing and developed countries, the government is turning to small and medium scale industries as a means of solving problems. It is also a seed bed of innovations, inventions and employment generation/creation. Hence all the levels of government at different times have policies which promote the existence of small scale businesses in Nigeria. Small scale orientation is part of Nigerian history. Historical fact shows that small and medium scale industries control the economy today. Findings by economists over the years shows that small firms and entrepreneurs plays a much important role in economic growth and development of our country in which our rural areas have participated from. Effect of cooperatives in development of small scale industries in Udi local government area of Enugu state cannot be overemphasized. Udi local government is one of the local governments that made up Enugu state which came into existence as a result of metamorphosis of the eastern region. Cooperative movement in Enugu state dates as far back as early 1960`s under the eastern regional council.

The study area is highly populated with different calibers of people with different social background, different languages, predominantly Igbo language. Cooperatives have immensely contributed to the development of small scale industries due to its positive contributions, many types of cooperative societies which includes all types of auxiliary cooperative societies were established which includes transport cooperatives, cooperative insurance productive cooperatives, agricultural cooperative and multipurpose cooperative societies.

1.2     STATEMENT OF PROBLEMS

Cooperative societies exist in many states, communities and nations as a whole. Cooperatives have really contributed to the development of small scale business in Nigeria though there are some problems which they encounter which have really impeded their speed and contributions. Some of these problems include lack of skilled and trained labour force, inadequate infrastructures, the impact of vicious circle of poverty etc. therefore government is turning to small and medium scale industries as a means of economic development and a sure means of solving the problem.

In this research work, the researcher aims at identifying the factors that affects smooth running of small scale industries in udi local government area. It has been observed that despite government effort to see the unemployment problems solved in the country, their various programs to help citizens to be self reliance have failed. Cooperative now is the available and most appropriate option to solving this problem.

COOPERATIVE ACTIVITIES ON SMALL SCALE INDUSTRIAL DEVELOPMENT
Related
Download Complete Project Material
Talk to us
Please call 08111770269 or +2348059541956 to place an order or use the whatsapp button below to chat us up.