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SUMMARY
The relationship between small scale industry and economic growth in the Nigerian Economy has therefore been fundamental to the policy makers in different countries. This study therefore primarily attempts to investigate the small scale industry of food imports on economic growth in Nigeria.
The study checks for unit root using Augmented Dickey-Fuller (ADF) to check if the variables are stationary or non-stationary. Also to check that long run relationship exists, the study used the Johansen Co-integration test. The work finds out that the model passed through the diagnostic test by ensuring the model passes all the problems associated with time series model such as serial correlation and ARDL bounds test. The Durbin-Watson test was carried out to check for autocorrelation. The study found out that credit to small and medium scale entrepreneurs has a positive but insignificant impact on economic growth in Nigeria which other independent variables manufacturing output, labour participation rate and loan deposit ratio were found to have negative effects on economic growth.
