CHAPTER ONE

1.0   INTRODUCTION

        Many people have the anonymous belief that Nigeria can become industrialized only through the establishment of large industries. But if one should look critically in to the industries development of the economically developed countries it shows that for a genuine industrial take off in a number and improving the performance of indigenous owned small-scale industries, In the investigation of the entrepreneurial phenomena Enmill (1934) observed that the characteristics features of an entrepreneur include direction supervision, control and risk taking. It is affinity for risk, which distinguishes him from the manager. But according to Schumpeter (1934) emphasized innovation rather than risk taking as the most important distinction between the two. In his opinion an entrepreneur’s goal broadly defined, is to develop new product or services as well as new method of production identify new market, discover new sources of supply and develop how organization forms.

        It is no gain saving that the industrial section has contributed immensely, to the economics and social development in Nigeria, the importance of the small-scale industries has been recognized by the federal government of Nigeria claimed that play especially to the creation of employment opportunities, mobilization of local resources and the diminution of rural-urban migration.

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