National Enterprise Policy Dimensions and Sustainability of Micro, Small and Medium Enterprises (MSMEs)

Salome Anyebe Onyeje, Timinepere Ogele Court and Emmanuel Kalu Agbaeze

Journal of African Business, 2022, vol. 23, issue 2, 435-453

Abstract: This paper investigates the effectiveness of national enterprise policy on the sustainability of micro, small and medium enterprises in Nigeria. Previous studies focus on economic policies and managerial factors that stimulate the growth of small and Medium Enterprises. There is a departure in this study by evaluating the effectiveness of the current national enterprise policy on micro, small and medium enterprises (MSMEs) for sustainability of MSMEs in Nigeria. A cross sectional survey design was employed while the method of data collection was structured questionnaire. The data were collected from a sample of 506 respondents and were analyzed using descriptive and inferential statistics. The study finds that dimensions of national enterprise policy had significant effect on the sustainability of MSMEs. We conclude that the policy dimensions of legal-regulatory, human resources development, finance, infrastructure, marketing, technology, research and development contributed to the sustainability of MSMEs in Nigeria. We recommend that Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) should reinforce sustainability of MSMEs through capacity building programs for the workforce and owners in Nigeria. We further recommend that the Federal and State Ministries of Works should provide MSME-based infrastructure to reduce the cost of operations and thereby increase profitability levels to sustain MSMEs.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/15228916.2020.1838838 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:wjabxx:v:23:y:2022:i:2:p:435-453

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/wjab20

DOI: 10.1080/15228916.2020.1838838

Access Statistics for this article

Journal of African Business is currently edited by Samuel Bonsu

More articles in Journal of African Business from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().