Effect of Lack of Government Support in Sustainability of Small and Medium Scale Business Enterprises in Enugu Metropolis
- Post by: airjournals
- May 31, 2022
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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 < 0.05), and microfinance policy has a significant effect on the effectiveness of SMEs in Enugu metropolis. (X value = 89.p-valuable 0.0000 < 0.05)., absence of support agencies has a significant effect on efficiency of SMEs in Enugu metropolis (X value = 13.p-valuable 0.0000 < 0.05). The writer concluded that lack of government support has a significant but not positive effect on the sustainability of SMEs in the Enugu metropolis, Duty drawback scheme should be implemented among SMEs in Nigeria. The micro-finance policy should be implemented to help SMEs to get loans whenever the need arises and Support agencies should be active in Nigeria to assist the SMEs.
Keywords: Small and Medium Scale Business Enterprises; Government Support; Sustainability
Authorship
1Frederick O. Eze, 2Okechukwu, Elizabeth Uzoamaka, and 3Anih, Edith N. | Full PDF