A Study on Accounting and Management Problems of Small Scale Industries in Nigeria
BACKGROUND OF THE STUDY
Small and medium businesses are commonly recognized as the bedrock of long-term economic development. According to UNDP (1974), developing countries, including Nigeria, have shown increased interest in the promotion of small and medium scale enterprises since the 1970s for three main reasons: the failure of previous industrial policies to generate efficient self-sustaining growth; increased emphasis on self-reliance; and recognition that dynamic and growing SMIs can contribute (Zhu, 2015). Among the objectives are effective resource use, employment creation, mobilization of domestic savings for investment, promotion, expansion, and development of indigenous entrepreneurship and technology, and income distribution. As a result, the...