Mastergp
Verified member
The establishment survival and flourishing of entrepreneurial venture in any given country is traceable to the existence and activities of industry support agencies operating in that economy. Some of thee agencies assist in providing information on business opportunities,others give financial support and yet another gives the needed connection to international investors to empower the enterprise and more important some agencies hook up the enterprise to existing market both domestically and internationally.
It has be observed that many countries development hinges on the existence of flourishing entrepreneurial ventures and to foster their progress several agencies have either been established by government or the government have provided the needed support and fund for the development of small and medium scale enterprises to accelerate economic and social development. Sequel to this several policies have be formulated to encourage the progress of these SME's which waters the ground the utilization of essential local raw materials, provide employment and boost the revenue base of the government needed to provide public utilities.
In Nigeria, several industry types can be identified and they are extractive/primary industry that extract mineral raw materials and quarrying. The second industry visible in the country is the manufacturing or secondary industry that is concerned with turning the raw materials into finished product like cocoa.
It has be observed that many countries development hinges on the existence of flourishing entrepreneurial ventures and to foster their progress several agencies have either been established by government or the government have provided the needed support and fund for the development of small and medium scale enterprises to accelerate economic and social development. Sequel to this several policies have be formulated to encourage the progress of these SME's which waters the ground the utilization of essential local raw materials, provide employment and boost the revenue base of the government needed to provide public utilities.
In Nigeria, several industry types can be identified and they are extractive/primary industry that extract mineral raw materials and quarrying. The second industry visible in the country is the manufacturing or secondary industry that is concerned with turning the raw materials into finished product like cocoa.
