ABSTRACT
A number of factors constrain the realisation of policy objectives and they differ from economy to economy. Literature abounds which discusses exhaustively these types of business including their advantages and disadvantages. Financing national corporations is largely a budgetary affair of the owner-government. Even when the corporations borrow funds externally, the ultimate debtor is the owner-government. The corporations function as appendages of the government under the supervision of the relevant ministry or authority. Sources of finance for partnerships do not differ in any significant way from the case of sole proprietorships. From the Nigerian point of view an industry is considered small scale if its capital outlay is not above N60,000 and its employment level not beyond 50 workers.21 Small-scale industries are, organisationally speaking, of two basic types: the non-factory and the factory type.
