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THE IMPACT OF SMALL AND MEDIUM SCALE INDUSTRIES ON THE ECONOMIC GROWTH OF NIGERIA (1986 – 2010)

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ABSTRACT
The study investigates the impact of small and medium scale industries on the Nigerian economy, spanning from 1986 to 2010. The study adopted Ordinary Least Square (OLS) Linear Specification model. Using unit root test, the work shows that small scale industries significantly contributed to
the economic growth in Nigeria despite poor funding by commercial banks.
The work recommends among others that government should improve its monetary policies so as to reduce to an acceptable level, the rate of interests charged by commercial banks as well as encouraging rural based industrialization, whereby investors are encouraged to establish small and medium scale industries that would be based entirely on local raw materials, machines and equipments.

TABLE OF CONTENT
TITLE PAGE – – – – – – – – i
APPROVAL PAGE – – – – – – – – ii
DEDICATION – – – – – – – – iii
ACKNOWLEDGEMENT – – – – – – – iv
ABSTRACT – – – – – – – – – vi
TABLE OF CONTENT – – – – – – – vii
CHAPTER ONE
1.0 INTRODUCTION – – – – – – 1
1.1 BACKGROUND OF THE STUDY – – – – 2
1.2 STATEMENT OF THE PROBLEM – – – – 8
1.3 OBJECTIVES OF THE STUDY – – – – 9
1.4 STATEMENT OF HYPOTHESIS – – – – 10
1.5 SIGNIFICANCE OF THE STUDY – – – – 10
1.6 SCOPE AND LIMITATION OF THE STUDY – – 11
viii
CHAPTER TWO
2.0 LITERATURE REVIEW – – – – – – 12
2.1 THEORITICAL LITERATURE – – – – – 12
2.2 EMPIRICAL LITERATURE – – – – – 14
2.3 LIMITATION OF PRECIOUS STUDIES – – – 41
CHAPTER THREE
3.0 RESEARCH METHODOLOGY – – – – – 49
3.1 RESEARCH DESIGN – – – – – – 49
3.2 METHODOLOGY – – – – – – – 49
3.3 MODEL SPECIFICATION – – – – – 50
3.4 METHOD OF EVALUATION – – – – – 52
3.5 DATA REQUIRED AND SOURCE/SOFTWARE PACKAGE 55
CHAPTER FOUR
4.0 PRESENTATION AND ANALYSIS OF RESULT – – 56
4.1 PRESENTATION OF REGRESSION RESULT – – 56
4.2 RESULT INTERPRETATION – – – – – 58
ix
CHAPTER FIVE
5.0 SUMMARY, RECOMMENDATION AND CONCLUSION – 70
5.1 SUMMARY – – – – – – – – 70
5.2 CONCLUSION – – – – – – – 70
5.3 RECOMMENDATIONS – – – – – – 72
BIBLIOGRAPHY – – – – – – – 74
APPENDIX

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