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Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS) (Vol 1 No 1)
| Abstract: This paper focuses on problems and prospects of management of small scale business in Nigeria and also to consider ways in which the government economic programme has helped in enhancing economic development. From the literature, the role of SEC development and promotion of SMEs was critically examined. Social Capital theory was used to understand the prospects of management of small scale business. The concept of small and medium enterprises (SMEs) is a development strategy that has enjoyed so much prominence in Nigeria history as a nation. Through SMEs, the government economic tools have helped to enhance the second tier market in achieving it numerous economic aims and objectives. The information used was gathered and generated from the Lagos office of SEC. Findings revealed that Small and Medium Enterprises (SMEs) contributed to economic growth in Nigeria. Similarly, it has been discovered that SMEs is capable of moving an economy forward through increased output and employment generation among others. Finally, it is noteworthy to improve the role of security and exchange commission (SEC), in order to promote and develop the SMEs. This paper is quite relevant to the conference theme titled embracing capacity building opportunity in business management innovation and entrepreneurship. |
| Keywords: Management, Small Scale, Business, Social Capital, Economic Development |
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