Small Business Funding and Survival of SME’S in Nigeria: A Regression Analysis
- Post by: deqe
- December 18, 2022
- Comments off
ABSTRACT
The study examined small business funding and survival of SME’S in Nigeria. The study specifically examined the effect of Government Enterprise and Empowerment programme (GEEP), Cassava bread support fund MSMES Survival fund and textile survival fund on the profit for the year of SMES in Nigeria. Data for the study was sourced from published article of bank of industry, result of the analysis shows that Government Enterprise and Empowerment programme (GEEP) has significant effect on profit for the year of SMES in Nigeria. It was also observed that cassava bread support fund has a significant effect on profit for the year of SMEs in Nigeria. The study further shows that MSMES survival fund does not have significant effect on profit for the year of SME in Nigeria. It was equally observed that textile survival fund affects profit for the year of SMES in Nigeria based on the findings, the study recommended among others that SMEs leaders should not avoid external finance as part of sources of finance to developing their businesses.
Keywords: Small Business Funding; SME in Nigeria; MSMES Survival Fund; Textile Survival Fund
Authorship
Onuh Jonathan Echobu1; Prof. Inyiama Oliver Ikechukwu2; & Prof. Uche Ugwuanyi3
DOI Link: https://doi.org/10.5281/zenodo.7453858 | FULL PDF