THE MISSING LINK FOR EFFECTIVE PERFORMANCE OF MICRO, SMALL AND MEDIUM SCALE ENTERPRISES (MSMEs) IN NIGERIA
A STUDY OF MSMEs IN ANAMBRA STATE
Keywords:MSMEs, Credit Accessibility, Basis Infrastructure, Managerial Ability
The study evaluates the impact of adequate credit facilities, basic infrastructure and managerial ability on MSMEs sector performance in Nigeria. The design was descriptive survey which was principally primary and the result generalized for the entire population. Major statistical tools of analysis were summary statistics of percentages, Pearson correlation and regression analysis which were carried out using SPSS version 16.0. Preliminary results showed that F-Statistic of 24.296 is statistically significant, valid and fit for prediction. Regression coefficient represented by ‘R’ shows that 72.9 percent proving that the dependent and independent variables are related. The ‘R2’ of 0.711 means that 71.1 percent variation explained by the regressors on the regressee. Major findings show that credit facility access, basic infrastructure access and managerial ability have positive and significant effects on MSMEs sector; hence, concluding that the MSMEs sector stimulate the economy’s development but the inadequacies of access to credit, infrastructural deficit and managerial incompetency should be addressed. It was recommended among others that government should as a matter of necessity provide basic infrastructure possibly through public private partnership which have been found to have worked in other places so that the MSMEs sector can operate with reduced running cost which self-provision of facilities has brought upon the operators in the MSMEs sector.