Amori, O. M and ADEMESO, J.O (2019) SMEs AND ITS CHALLENGES IN NIGERIA (A STUDY OF LAGOS STATE). In: 1st National Conference of WITED, Ilaro Chapter, August 13-16, 2019, The Federal Polytechnic, Ilaro.
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Abstract
Small and medium enterprises (SMEs) are the driving force for economic growth, job creation and poverty reduction in developing countries. Cognizant of this fact, Nigeria is one of the countries which have taken measures to enhance the operation of SMEs. However, these enterprises have been experiencing various challenges that affect their operations negatively. The study examines the challenges of small and medium enterprises in Lagos, Nigeria. A sample size of one hundred and twenty (120) respondents were used out of entire population of five hundred and thirty representing managers of small and medium enterprises in Lagos State. Data were analyzed using statistical package for social sciences (SPSS) version 20. Both descriptive statistics (frequencies and percentages) and inferential statistics (simple and multiple linear regression techniques) were used in testing the hypotheses. Results revealed that small and medium enterprises in Lagos State exist in an environment characterized by both internal and external challenges which have a negative impact on their survivals. Conclusively, the study calls for financial regulatory system to extend credit facilities with minimal interest rate and exciting packages to small and medium enterprises while various tiers of government should formulate and implement policies that will be more favourable for their survivals
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | L Education > L Education (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 28 May 2021 15:33 |
| Last Modified: | 28 May 2021 15:33 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1425 |
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