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

European Journal of Sustainable Development

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Title Issues, Challenges and Prospects of Small and Medium Scale Enterprises (SMEs) in Port-Harcourt City,
 
Creator Okechukwu Agwu, Mba
Izunwanne Emeti, Cletus
 
Description The paper discussed Issues, Challenges and Prospects of Small and Medium ScaleEnterprises (SMEs) in Port-HarcourtCity, Nigeria.This was informedbythe high rate ofunemployment in the society and the poor performance of SMEs in employmentgeneration. While the research questions addressed theextent to which poorfinancing,inadequate social infrastructures, lack of managerial skills and multiple taxation constitutemajor 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 paperadopted descriptive research design using 120 randomly selectedregistered operators ofSMEs in Port-Harcourt City.Data collected were analyzed using descriptivestatistics whileformulated hypotheses were tested using z-test. Results from the data analysis indicatedthatpoor financing, inadequate social infrastructures, lack of managerial skills and multipletaxation were major challenges confronting SMEs in Port-Harcourt City,thusrecommended: provision of soft loans to SMEs operators,government guaranteeing oflong-term loans to SMEs operators, establishment of SMEsfunding agency,public/privatesector partnership in infrastructural provision,capacity building for SMEs operators andprovision of tax incentives for SMEs operators.Keywords: Small and Medium Scale Enterprises,SME operators,Port-Harcourt City,Nigeria.
 
Publisher European Center of Sustainable Development
 
Contributor —
 
Date 2014-02-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.ecsdev.org/ojs/index.php/ejsd/article/view/114
10.14207/ejsd.2014.v3n1p101
 
Source European Journal of Sustainable Development; Vol 3, No 1; 101-114
2239-6101
2239-5938
 
Language eng
 
Relation http://www.ecsdev.org/ojs/index.php/ejsd/article/view/114/108
 
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