Author/Authors :
Ode، Egena نويسنده Department of Business Management, Benue State University, Makurdi, Nigeria Ode, Egena , Wombo، Dinnah Ngovenda نويسنده Department of Business Management, Benue State University, Makurdi, Nigeria Wombo, Dinnah Ngovenda , Ede، Theresa Ekpe نويسنده Department of Accounting, Benue State University, Makurdi, Nigeria Ede, Theresa Ekpe , Mile، Bridget Ngodoo نويسنده Department of Economics, Benue State University, Makurdi, Nigeria Mile, Bridget Ngodoo
Abstract :
This study aims at finding out the impact of institutional support initiatives on SMEs from a firsthand perspective of the would-be beneficiaries.The methodology for the study is based upon a survey questionnaire of 225 SMEs, engaging three or more persons. The Statistical Package for Social Sciences (SPSS) was used to analyze the responses. Although the study found out that there exist a relationship between support initiatives and growth of SMEs, contrary to common presumption that increased business support (financial and/or non-financial) has a huge influence on business growth; business support did not have a substantial impact on the growth of SMEs in Nigeria. The study recommends that support agencies (government or private) should not provide a blanket support for SMEs. Rather, business support should consider industry diversity and potential for growth as basis for focus and provision of support.
