An Evaluation of the Contribution of Small and Medium-Sized Enterprises to the Development of Nigeria


Authors : TOKUNBO AMELIA MELAYE; SALEH MUSA SA’AD

Volume/Issue : Volume 7 - 2022, Issue 10 - October

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3UQZvs1

DOI : https://doi.org/10.5281/zenodo.7312258

The objectives of the study, which focused on the role of small scale industries in the development of Nigeria, were to examine the extent to which small scale industries have contributed to the development of the Nigerian economy and to determine whether the number of small scale industries has an effect on employment in the Nigerian system A descriptive survey design was employed. A multiple regression analysis was used to test the impact of small-scale industries on the growth of Nigeria's economy. The study held that SMEs performance-tested namely, OP, ROCE, and EMP have a significant impact on economic development measured by GDP. It is, therefore, recommended that the government should focus on infrastructure development, such as roads, communications, and electricity supply. As part of its efforts to boost domestic manufacturing, the federal government should conduct a comprehensive review of its customs, excise, and tariff legislation.

Keywords : SMEs, Performance, Gross Domestic Product

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