CHAPTER ONE

1.0  INTRODUCTION

Industries are categorized into micro scale, small scale medium and large scale depending on the factors which determine the scope and limitations of such firms. The definition of each of the categories depends largely on the country where the business thrives.

        In Nigeria, micro scale industries are defined as those whose total investment cost does not exceed one million, five hundred thousand naira (#1,500,000) including working capital but exclusive of land. The workforce is not more than 10.

Large scale industries are defined as those with total investment of over two hundred million naira (#200,000 000) excluding land but including working capital, and workforce of over 300 workers. It could be a national  or state enterprise which may have branches within or outside the area of locality. Private millionaire’s businessmen can also embark on such ventures.

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