Issues, Challenges and Prospects of Small and Medium Scale Enterprises (SMEs) in Port-Harcourt City,

By M. Agwu, C. I. Emeti. 2014

239 citations recorded by the source corpus.

The paper discussed Issues, Challenges and Prospects of Small and Medium Scale Enterprises (SMEs) in Port-HarcourtCity, Nigeria.This was informedbythe high rate of unemployment in the society and the poor performance of SMEs in employment generation. While the research questions addressed theextent to which poorfinancing, inadequate social infrastructures, lack of managerial skills and multiple taxation constitute major challenges in the performance of SMEsbetween October 2012 and November 2013, it assumes that government intervention throughthe provision of financial assistance, social infrastructures and favorable taxation policies will reverse the trend.The paper adopted descriptive research design using 120 randomly selectedregistered operators of SMEs in Port-Harcourt City.Data collected were analyzed using descriptivestatistics while formulated hypotheses were tested using z-test. Results from the data analysis indicated thatpoor financing, inadequate social infrastructures, lack of managerial skills and multiple taxation were major challenges confronting SMEs in Port-Harcourt City,thus recommended: provision of soft loans to SMEs operators,government guaranteeing of long-term loans to SMEs operators, establishment of SMEsfunding agency,public/private sector partnership in infrastructural provision,capacity building for SMEs operators and provision of tax incentives for SMEs operators. Keywords : Small and Medium Scale Enterprises,SME operators,Port-Harcourt City, Nigeria.

Subfields: Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/503bd10a3463073704d371cc80299ed177ce739c

How researchers see this paper

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In Economics and Econometrics

1. F. W. Agbola
2. V. B. Nakku
3. Morgan P. Miles
4. A. Mahmood

In Management of Technology and Innovation

1. F. W. Agbola
2. V. B. Nakku
3. Morgan P. Miles
4. A. Mahmood

Citations in the corpus

• The interrelationship between SME government support programs, entrepreneurial orientation, and performance: A developing economy perspective (2020, background): “This result may be explained by the conditions attached to guaranteed loans and credit schemes that limit a firm’s ability to pursue attractive entrepreneurial opportunities through EO-driven initiatives (Agwu & Emeti, 2014).”