Factors affecting the investment climate, SMEs productivity and entrepreneurship in Nigeria

Igwe, P.A., Amaugo, A.N., Ogundana, O.M. ORCID: 0000-0002-0121-7231, Egere, O.M. and Anigbo, J.A., 2019. Factors affecting the investment climate, SMEs productivity and entrepreneurship in Nigeria. European Journal of Sustainable Development, 7 (1), pp. 182-200. ISSN 2239-5938

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Abstract

In Nigeria, most of businesses operate in the form of Small and Medium Enterprises (SMEs). SMEs play a significant role in the economic development of many nations. This paper employs current perspectives to examine the factors affecting investment, productivity and growth of SMEs by employing the World Bank Enterprise Survey in Nigeria. It explored five main factors affecting investment and productivity in Nigeria as follows: education of the labour force, access to infrastructure, access to finance, size of firms and other business climate variables. Other business climate variables are insecurity, bribe or corruption, the amount of time that businesses spend dealing with government regulation, poor power availability, etc. In a survey of 2,676 firms, access to finance (33.1%), access to electricity (27.2%) and the level of corruption (12.7%) were the most ranked obstacles for business owners. By employing the World Bank Enterprise Survey, this paper presents and analyses the business environment challenges at the national level.

Item Type: Journal article
Publication Title: European Journal of Sustainable Development
Creators: Igwe, P.A., Amaugo, A.N., Ogundana, O.M., Egere, O.M. and Anigbo, J.A.
Publisher: European Center of Sustainable Development
Date: 18 November 2019
Volume: 7
Number: 1
ISSN: 2239-5938
Identifiers:
NumberType
10.14207/ejsd.2018.v7n1p182DOI
1234361Other
Rights: Payments made for publication fee. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. Gold open access.
Divisions: Schools > Nottingham Business School
Record created by: Jonathan Gallacher
Date Added: 18 Nov 2019 17:07
Last Modified: 18 Nov 2019 17:11
URI: http://irep.ntu.ac.uk/id/eprint/38364

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