The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.

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collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2015-12-08 08:56:01
format Restricted Document
id 10948
institution UniSZA
originalfilename 5094-01-FH02-FESP-16-05249.pdf
person Zulhill
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resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=10948
spelling 10948 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=10948 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 32 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in Zulhill 2015-12-08 08:56:01 5094-01-FH02-FESP-16-05249.pdf UniSZA Private Access The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria. International Journal of Business and Technopreneurship Small and Medium Scale Enterprises (SMEs) play significant roles in providing employment opportunities, alleviating poverty, empowering communities, provision of goods and services, contributing toward the GDP, and achieving sustainable growth and development of the Nigerian economy. The aims of this research is to examine the effect of finance, infrastructure, and training on the performance of SMEs in Nigeria. This study used Kano State as a case study, and descriptive survey research design was used in this study. Sample size of 310 SMEs was drawn through simple random sampling out of the population of 1530 registered SMEs in Kano State, Nigeria. Primary data was employed in this study, and the data was collected through administering of close-ended structured questionnaires, but only 299 respondents respond to the questionnaires that were used for this study analysis. Statistical Package for Social Science (SPSS) software was used to analyze the respondent’s profile while Structural Equation Modeling (SEM) through Analysis of Moment Structure (AMOS) software was used to test the hypotheses of this study. The findings indicate that finance, infrastructure, and training have a positive and significant effect on the performance of SMEs in Nigeria. This suggests that there is a dire need for finance, infrastructure, and training to be given adequate concentration as they serve as the engine of boosting the performance of SMEs in Nigeria. Thus, it is recommended that the Government should undertake policy development work aimed at making access to fund easier for SMEs with growth potential and reduce the interest rate. The existing infrastructural facilities such as road, electricity, water supply, and telecommunication should be improved to a high standard by the Government. The Government should also encourage the SMEs entrepreneurs to make use of Entrepreneurial Development Programme (EDP) that is aimed at improving the skill level in the SMEs sector, and the SMEs entrepreneurs should inculcate the habit of training and developing their management and workforce in order to build a strong capacity for meeting these challenges. 5 3 421-452
spellingShingle The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
summary Small and Medium Scale Enterprises (SMEs) play significant roles in providing employment opportunities, alleviating poverty, empowering communities, provision of goods and services, contributing toward the GDP, and achieving sustainable growth and development of the Nigerian economy. The aims of this research is to examine the effect of finance, infrastructure, and training on the performance of SMEs in Nigeria. This study used Kano State as a case study, and descriptive survey research design was used in this study. Sample size of 310 SMEs was drawn through simple random sampling out of the population of 1530 registered SMEs in Kano State, Nigeria. Primary data was employed in this study, and the data was collected through administering of close-ended structured questionnaires, but only 299 respondents respond to the questionnaires that were used for this study analysis. Statistical Package for Social Science (SPSS) software was used to analyze the respondent’s profile while Structural Equation Modeling (SEM) through Analysis of Moment Structure (AMOS) software was used to test the hypotheses of this study. The findings indicate that finance, infrastructure, and training have a positive and significant effect on the performance of SMEs in Nigeria. This suggests that there is a dire need for finance, infrastructure, and training to be given adequate concentration as they serve as the engine of boosting the performance of SMEs in Nigeria. Thus, it is recommended that the Government should undertake policy development work aimed at making access to fund easier for SMEs with growth potential and reduce the interest rate. The existing infrastructural facilities such as road, electricity, water supply, and telecommunication should be improved to a high standard by the Government. The Government should also encourage the SMEs entrepreneurs to make use of Entrepreneurial Development Programme (EDP) that is aimed at improving the skill level in the SMEs sector, and the SMEs entrepreneurs should inculcate the habit of training and developing their management and workforce in order to build a strong capacity for meeting these challenges.
title The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
title_full The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
title_fullStr The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
title_full_unstemmed The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
title_short The effect of finance, infrastructure and training on the performance of Small and Medium Scale Enterprises (SMEs) in Nigeria.
title_sort effect of finance, infrastructure and training on the performance of small and medium scale enterprises (smes) in nigeria.