Effect of Lack of Government Support in Sustainability of Small and Medium Scale Business Enterprises in Enugu Metropolis

Eze, F. O.; Okechukwu, E. U.; Anih, E. N.

Effect of Lack of Government Support in Sustainability of Small and Medium Scale Business Enterprises in Enugu Metropolis

Authors: Frederick O. Eze, Okechukwu, Elizabeth Uzoamaka, Anih, Edith N.

Journal: International Journal of Advanced Economics and Sustainable Development (IJAESD), ISSN 2766-2659

Citation: IJAESD 3(1), 2022-05-31.

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Type: Original Research

Abstract

This study examined the effect of lack of government support on the sustainability of SMEs in the Enugu metropolis. The objectives of the study included: Ascertain the effect of the Duty drawback scheme on the profitability of SMEs, identify the effect of microfinance policy on the effectiveness of SMEs and evaluate the effect of the absence of support agencies on the efficiency of SMEs in Enugu metropolis. The population of the study was 5560 while the sample size of 373 was determined by using taro Yamane’s formula. The sources of data were both primary and secondary. The hypotheses were tested by using the one-sample t-test statistical tool. The findings included that the duty drawback scheme has a significant effect on the profitability of SMEs in the Enugu metropolis (X value = 46.24, p-value 0.0000

Keywords

Small and Medium Scale Business Enterprises, Government Support, Sustainability

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