IMPACT OF GOVERNMENT POLICIES ON BUSINESS GROWTH IN NIGERIA (A STUDY OF REGISTERED SMES WITH SMEDAN IN KWARA STATE)
Abstract
The study examines the impact of government policies on the growth of small and medium-sized enterprises (SMEs) in Nigeria, focusing on those registered with SMEDAN in Kwara State. It aims to identify key policies affecting business growth, assess their impact, explore compliance challenges. and propose ways to enhance policies for better support. Using a questionnaire as its research tool, the study reveals that government policies have significantly and mostly negatively affected registered SMEs in Kwara State. Factors include policy misalignment with SME needs, leading to transaction difficulties, reduced customer satisfaction, revenue losses, cash flow constraints, and limnitations on expansion. Acknowledging diverse perspectives, the study recommends informed policy design. collaboration with SMEs, and continued support and education by organizations like SMEDAN to navigate regulations effectively. The findings stress the necessity for periodic policy evaluations and reforms to ensure alignment with evolving SME needs and foster a more favorable business environment.
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