Virtue or vice? Public policies and Nigerian entrepreneurial venture performance

Damilola Temitope Olorunshola · Temitayo Isaac Odeyemi

9 citations0/0 files storedJournal of Small Business and Enterprise Development

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Entrepreneurship Studies and Influences Economic and Industrial Development Public Administration in Developing Nations

Abstract

Purpose The purpose of this paper is to explore how inter-agency engagement across levels of government and the agencies' policies impact the development of Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria, with focus on taxation, business registration and access to finance. Design/methodology/approach The empirical study involved data sourced through questionnaire administered to 192 MSMEs owners, semi-structured interviews with key officials, and Focus Group Discussion (FGD) with leading members of the Osun State Chamber of Commerce, Mines, Industry and Agriculture (OSUCCIMA). Findings Amidst increasing levels of engagement amongst public agencies, most MSMEs had not benefited from MSMEs' support programmes. Also, although agencies increasingly utilised the mediating roles of OSUCCIMA in policies for MSMEs, gaps remain because of not factoring in OSUCCIMA's inputs into final policy/programme drafts. Again, policies and programmes were tangential to the desired development outcomes amongst MSMEs, irrespective of size. Research limitations/implications Considering differences in socio-economic and psycho-social orientations of residents/business owners across the various states, further studies focussing on other parts of Nigeria will help to strengthen the argument on how Nigeria aligns with the developing countries literature on the subject. Originality/value Existing literature demonstrates government's recognition of the significance of MSMEs and policy actions taken in setting the right atmosphere for them to thrive, focussing on the national or local governments. This study draws on these but also explores actions at the subnational level and the role of mediating institutions, thereby showing how a multi-level governance approach could influence outcomes.

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References

2014Government support for SME innovations in the regional industries: The case of government financial support program in South Korea 2016What are the biggest obstacles to growth of SMEs in developing countries? – An empirical evidence from an enterprise survey 2011Institution-based barriers to innovation in SMEs in China 2015National innovation systems and the intermediary role of industry associations in building institutional capacities for innovation in developing countries: A critical review of the literature 2018Demystifying small and medium enterprises’ (SMEs) performance in emerging and developing economies 2017The relationship between access to finance and growth of SMEs in developing economies 2011The Benefits of Formalization: Evidence from Vietnamese Manufacturing SMEs 2019SMEs in sustainable development: Their role in poverty reduction and employment generation in sub-Saharan Africa

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