Research background: This study was conducted as a result of the challenges that confront MSMEs globally, especially in Nigeria, due to the lockdown occasioned by COVID-19. A descriptive research design (quantitative analysis) was adopted, while primary data were employed for the study. Purpose of the article: The population for the study was 587 MSMEs from the Ojo local government area of Lagos State, Nigeria, with a sample size of 234 derived using the Taro Yamane (1967) techniques. A total of 240 questionnaires were distributed, allowing room for errors, and 228 of them were returned usable for the study, constituting a 95% response rate for the study. Methods: Content validity was adopted. A reliability test was conducted using Cronbach’s Alpha, which returned a value of 0.869, indicating internal consistency of the research instrument. Descriptive statistics (means and simple percentages) were used to analyse the data, alongside regression and Pearson’s correlation coefficients. The findings revealed that a strategic alliance and partnership could positively affect MSMES survival post-COVID-19 in Nigeria, with a p-value of 0.000<0.05, and that its impact on the performance of MSMEs in the Nigerian economy post-Covid-19 was statistically significant and positive, with a correlation coefficient of 0.824 (82.4%) and a p-value of 0.000<0.05. Findings & Value added: The results and findings suggest that a strategic alliance and partnership is indeed a veritable tool for MSMEs’ survival post-COVID-19 in Nigeria.
This paper examines the effect of support for entrepreneurship development on economic growth and development in Nigeria with a view to ameliorating some problems militating against the development of Nigeria. Secondary data was sourced from CBN reports, NBS reports and so on. Hypotheses were set and tested by engaging the linear regression method as the analytical tool. The results discovered that government policy has helped in developing entrepreneurs' skill in Nigeria and that whatever polices formulated in the time past has not helped in the development of entrepreneurial skill. In light of these, it was recommended that policies of entrepreneur development and the delivery institutions must be appropriate so that the small industrial units that are being promoted do not fall into a peculiar and complex difficulty.
Micro finance bank that is popularly known as bank for the poor is basically established to alleviate poverty and also to serve as a platform for promoting entrepreneurial development. The question is; to what extent has it been able to fulfil its basic functions in Nigeria? The primary objective of this study is to ascertain the extent to which micro financing has contributed to entrepreneurial development and also to find out the extent to which marketing techniques have be employed for effective and efficient delivery of their services. Copies of questionnaire were distributed purposively to only those that applied for or came to access credit facilities that were physically found in the banking hall in that particular week of study. The study is limited to the customers of ten micro finance banks located in Ojo LGA of lagos state, Nigeria. Three hypotheses were developed and were subjected to descriptive, correlation and regression analysis. It was discovered that micro finance bank has been able to contribute significantly to the entrepreneurial development in Nigeria. Descriptive statistics show that some marketing techniques have not been fully employed by micro finance banks. The study makes useful policy recommendations which these banks will find beneficial if faithfully implemented.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.