GOVERNMENT REGULATIONS AND SURVIVAL OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN KWARA STATE
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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Public Administration, University of Ilorin, Nigeria
Abstract
Small and Medium Scale Enterprises (SMEs) have been recognized by government and development experts, most especially the developing countries of Africa, as the main engine of economic growth and major factor in promoting private sector development and partnership. Nigeria has facilitated the growth of SMEs through the creation of many agencies, institutions and promulgation of laws and regulations that aid government in regulating and boosting the growth and development of SMEs. Therefore, this study seeks to examine the impact of government regulations on the survival of SMEs in Kwara State. Other Specific objectives were to examine the extent to which government regulations influence the survival of SMEs and determine the nature of the relationship that exists between tax policy and growth of SMEs. Questionnaire was served to 144 out of 226 registered SMEs in Kwara State through stratified, simple random sampling technique. The two hypotheses formulated were tested through regression and correlation analysis. Findings of the study revealed that government regulations have significant influence on the survival of SMES (r-73.2%. p- values ˂ 0.05) and that strong relationship exist between tax policy and the growth of SMEs (P-values ˂ 0.05). The study therefore recommends that government should legislate against multiple taxation and make funds available to regulatory agencies and financial institutions established statutorily to cater for the growth and survival of SMEs.
Description
Keywords
Government Regulations, Government Policies, Small and Medium Enterprises, Tax Policy
Citation
Amosa, J.R, Omolabi, I., Suleiman, A.A & Peleowo, T.K. (2018). Government Regulations and Survival of Small and Medium Enterprises (SMEs) in Kwara State. Ilorin Journal of Administration and Development (IJAD), 4 (1); 1-11, Published by Department of Public Administration, University of Ilorin, Ilorin, Nigeria