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PROJECT TOPIC: SOURCES OF FUNDS FOR SMALL SCALE BUSINESS. A CASE STUDY OF NIGERIA AGRICULTURAL CO-OPERATIVE AND RURAL DEVELOPMENT BANK

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CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Financing is always very important issue in investment decision. A ready question that always proceeds project concernment is “How do we finance the project” even an impressive viable and feasible project can only achieve the business virility expected of if after the issues of financing haws been firmly and adequately resolved. The need tom make finance available to small-scale industrialist cannot be over emphasized to reduce the problems faced by this sector: it has become imperative to link item to all known sources of funds. Finance is very vital to any organization and small-scale entrepreneurs are not left out. This type of study has become necessary now that renewed interest is being shown in the development of small scale industries in the development of small scale industries in economic development, particularly in a developing economic like Nigeria where efforts are being made4 at indigenization of the Economy. This vital role of the small-scale industries, which include the creation of employment opportunities, the mobilization of local resources, mitigation or rural urban migration and the achievement of a more even distribution of industries enterprises in different parts of the country. This makes it important to make finance available to small-scale industries.


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