{"id":3491,"date":"2022-11-07T13:48:01","date_gmt":"2022-11-07T13:48:01","guid":{"rendered":"https:\/\/ejfms.deqepub.org\/?post_type=journal_article&p=3491"},"modified":"2022-11-07T13:48:01","modified_gmt":"2022-11-07T13:48:01","slug":"empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria","status":"publish","type":"journal_article","link":"https:\/\/deqepub.org\/ejfms\/journal_article\/empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria\/","title":{"rendered":"Empirical Investigation of Benefits for Small and Medium Enterprises Participation in Public Procurement Contracts in Enugu State Nigeria"},"content":{"rendered":"

ABSTRACT<\/strong><\/p>\n

SMEs are the \u201cpower house\u201d of every economy. They account for nearly half of the total employment creation and play an important role in sustaining social cohesion. Given the paramount role SMEs play, governments are looking for ways to strengthen and enhance their contributions to economic growth. One of such ways is through the creation of level playing field to allow them participate in public procurement contracts. This study investigates the inherent benefits SMEs stand to gain through public procurement tendering. Data for the study was collected through questionnaire and interview instruments from registered SMEs in Enugu chamber of Commerce, Industry, Mines and Agriculture. Sample size was determined using Taro Yamane formula. Data collected were analyzed using frequency and standard deviation while, tests of hypotheses were conducted via Pearson Chi Square test. The results revealed that SMEs expressed enthusiasm and joy that their participation have aided them in job creation, poverty alleviation and getting prestigious endorsements from large firms in sub-contracts. It is therefore recommended that government should keep providing level playing field for more participation through favorable legislation that will speed up payment for services or job done through preferential treatments.<\/p>\n

Keywords: S<\/strong>mall and Medium Enterprises Participation; Public Procurement Contracts; \u00a0Enugu State<\/p>\n

Authorship:<\/strong> Prof. Igwe, N. N., Anichebe, N. A. PhD, & Odike, M. PhD | FULL PDF<\/a><\/p>\n","protected":false},"author":1,"template":"","journal_article_cats":[172],"class_list":["post-3491","journal_article","type-journal_article","status-publish","hentry","journal_article_cat-vol-6-no-4"],"yoast_head":"\nEmpirical Investigation of Benefits for Small and Medium Enterprises Participation in Public Procurement Contracts in Enugu State Nigeria - European Journal of Finance and Management Sciences<\/title>\n<meta name=\"description\" content=\"SMEs are the \u201cpower house\u201d of every economy. They account for nearly half of the total employment creation and play an important role in sustaining social cohesion. Given the paramount role SMEs play, governments are looking for ways to strengthen and enhance their contributions to economic growth. One of such ways is through the creation of level playing field to allow them participate in public procurement contracts. This study investigates the inherent benefits SMEs stand to gain through public procurement tendering. Data for the study was collected through questionnaire and interview instruments from registered SMEs in Enugu chamber of Commerce, Industry, Mines and Agriculture. Sample size was determined using Taro Yamane formula. Data collected were analyzed using frequency and standard deviation while, tests of hypotheses were conducted via Pearson Chi Square test. The results revealed that SMEs expressed enthusiasm and joy that their participation have aided them in job creation, poverty alleviation and getting prestigious endorsements from large firms in sub-contracts. It is therefore recommended that government should keep providing level playing field for more participation through favorable legislation that will speed up payment for services or job done through preferential treatments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deqepub.org\/ejfms\/journal_article\/empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Empirical Investigation of Benefits for Small and Medium Enterprises Participation in Public Procurement Contracts in Enugu State Nigeria\" \/>\n<meta property=\"og:description\" content=\"SMEs are the \u201cpower house\u201d of every economy. They account for nearly half of the total employment creation and play an important role in sustaining social cohesion. Given the paramount role SMEs play, governments are looking for ways to strengthen and enhance their contributions to economic growth. One of such ways is through the creation of level playing field to allow them participate in public procurement contracts. This study investigates the inherent benefits SMEs stand to gain through public procurement tendering. Data for the study was collected through questionnaire and interview instruments from registered SMEs in Enugu chamber of Commerce, Industry, Mines and Agriculture. Sample size was determined using Taro Yamane formula. Data collected were analyzed using frequency and standard deviation while, tests of hypotheses were conducted via Pearson Chi Square test. The results revealed that SMEs expressed enthusiasm and joy that their participation have aided them in job creation, poverty alleviation and getting prestigious endorsements from large firms in sub-contracts. It is therefore recommended that government should keep providing level playing field for more participation through favorable legislation that will speed up payment for services or job done through preferential treatments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/deqepub.org\/ejfms\/journal_article\/empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"European Journal of Finance and Management Sciences\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/deqepub.org\/ejfms\/journal_article\/empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria\/\",\"url\":\"https:\/\/deqepub.org\/ejfms\/journal_article\/empirical-investigation-of-benefits-for-small-and-medium-enterprises-participation-in-public-procurement-contracts-in-enugu-state-nigeria\/\",\"name\":\"Empirical Investigation of Benefits for Small and Medium Enterprises Participation in Public Procurement Contracts in Enugu State Nigeria - European Journal of Finance and Management Sciences\",\"isPartOf\":{\"@id\":\"https:\/\/deqepub.org\/ejfms\/#website\"},\"datePublished\":\"2022-11-07T13:48:01+00:00\",\"description\":\"SMEs are the \u201cpower house\u201d of every economy. 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