The Role of Small Scale Business in the Economic Development of the Nation

UMEANO, NGOZI E.

Department of Office Technology and Management

Federal Polytechnic, Mubi, Adamawa State

Email: lynumeanu@yahoo.com, lynumeano@gmail.com

ABSTRACT

The role of small scale business to the development and growth of Nigerian economy cannot be over emphasized.  This is due to the fact that they pilot the economy and help in the development of the nation by creating jobs for the unemployed and provide goods and services that are needed in the country. It is against this backdrop that the paper looked at the role/importance of small scale business in the development of the economic growth of the country. The paper talked on the challenges faced by the business operators/entrepreneurs in the cause of running their businesses. The paper concludes by recommending that the fund should be made available and be easily accessible to the entrepreneurs, so that they would perform as expected.