Abstract:
The topic of dissertation in management of small business in Nigeria. Problems and prospects; A study of six selected small businesses in Onitsha. The objective of the study is to identify the problems hindering the growth of small scale business and highlight the prospects of small scale business on the economy. This research was based on historical survey. The source of data for the research was primary which included questionnaires and secondary which included text books, journals and newspapers. The method of analysis was the use of tables, percentages and hypothesis. The main findings of the study were that finance is the major problem facing small Business. However, there is a bright prospect for small business, the problem facing it for now are not insurmountable. With its clear identification the solution is not farfetched. The major recommendation based on the findings was that the government should support small business both financially and morally to enable them achieve their bright prospect. The study concludes that development of small business is vital for the economic development of any country, therefore if government does not play lip service to the policies on small scale business this sector would gave way for the economic development of Nigeria.
