The Analysis of Small and Medium Enterprises (SMEs) in Nigeria

This study, Small and Medium Scale Enterprises (SMEs) in Nigeria, was undertaken to find out if the SME sub-sector in Nigeria has performed its critical role of driving the country’s industrial transformation and development as it has done in other developed countries; and if not, why, and also to identify remedial measures. The study thus investigated the performance of the Small and Medium Enterprises in the Nigerian economy, its problems and prospects and recommended measures to make the subsector to play the crucial role it is expected to play. A total of 5 SMEs were randomly selected from the city Port Harcourt Rivers State Nigeria. Participants were selected through a simple random sampling process. A structured questionnaires was constructed, and administered on the participants. The responses to the questionnaires were complemented with personal interviews of the key operators by the researcher. The responses of the participants were analyzed using the statistical package (frequency distribution Table and the Chi-square). The hypothesis of this research which were tested at 0.05 level of significance using chi-square statistics hinged on identifying the greatest problem which SMEs facing Nigeria, the identification and ranking of the top ten problems or challenges of SMEs in Nigeria. The major findings of this study were analyzed and recommendations were made by the researcher.