Sustainability of micro, small and medium enterprise policies in Nigeria

Mohammed Babagana Shettima

International Journal of Business and Globalisation, 2021, vol. 27, issue 4, 478-491

Abstract: It is a clear fact that the MSMEs contribute tremendously to the growth and development of every nation and Nigeria is not an exception. Almost all countries assist its MSMEs to a large extent and this assistance usually comes in the form of facilities and supportive services rather than on protection and subsidies. This paper seeks to review and identify policies and schemes designed to ensure the sustainability of MSMEs in Nigeria. The secondary method of data collection will be utilised and coefficient of variation statistical tool will be used to compare the variability of the series of data. Findings in the study revealed that awareness of government policies is more consistent and stable than the non-awareness level across MSME sector in the country. Government to that effect should ensure effective implementation of the designed policies and schemes as it will produce a robust framework that will ensure the sustainability of MSMEs in Nigeria.

Keywords: enterprises; MSMEs; SMEDAN; sustainability; policies; Nigeria. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:27:y:2021:i:4:p:478-491

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