Abstract
AbstractThis paper attempts to report the author's findings regarding the role of the non‐corporate sector in providing investment finance for small‐scale industries in Nigeria, through co‐operative efforts.It specially underlines the role of indigenous social organizations and group relations in solving the economic problems of a developing economy which places emphasis on industrial development.Though these sources provide short‐term consumption finance, they certainly constitute an inadequate source of long‐term finance for industry in a situation where the importance of small‐scale industry development is officially greatly emphasized, and existing financial institutions are designed to serve only the financial needs of large industrial enterprises.The role of government in the context of the dilemma of the small‐scale entrepreneur is examined and suggestions made for improvements. The paper reflects what is probably the experience of many developing countries trying to industrialize.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
