SMALL AND MEDIUM SCALE ENTERPRISES AND RURAL ECONOMIC DEVELOPMENT IN NASARAWA STATE 2010-2017
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The main thrust of this work is Small and Medium scale enterprises and rural economic development in Nasarawa state (20 J0-20I7). The objectives of this study is to determine the impact of small and medium scale enterprises on rural economic development, to explore the challenges facing small and medium scale enterprises in Nasarawa State, to examine whether the consumer’s preference to imported goods adversely affect the establishment of small and medium scale enterprise in Nigeria and to ascertain the measures to be put in place for the smooth operation of small and medium scale enterprises in Nasarawa State. To achieve a desired result this study utilised both primary and secondary sources of data, primary data were sourced by administering 400 questionnaire but only 378 copies were successfully returned On the other hand, secondary data were sourced through textbooks, journals and newspaper. Statistical tools such as table, frequencies and simple percentage were utilised for data analysis. The Innovative growth theory and Economic Theory of Entrepreneurship were utilised as bases for analysis. Base on findings and recommendations, the nature of the rural economy in Nasarawa State can be developed through SMEs. The government most encourages the small and medium enterprise to revamp the economy of Nasarawa State. SMEs has make significant contribution to the economy of Nasarawa State through the provision of employment, improves standard of living and also enhance economy growth and development. The government should assist medium enterprisers with soft loan to encourage small and medium scale activities in Nasarawa State.