Electricity Insecurity and the Performance of Small Scale Businesses in Akoko Area of Ondo State, Nigeria

Olatunji, Olabode David

doi:10.30845/ijbss.v10n7p17

Cited by 9 publications

(6 citation statements)

References 8 publications

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“…Another study in the context of Nigeria was carried out by Olatunji and Umukoro (2018). These researchers examined the impact of electricity power insecurity on the operational efficiency and productivity of Small-Scale enterprises in the Ondo State of Nigeria.…”

Section: Electricity Load Shedding and Business Operations Of Small-s...mentioning

confidence: 99%

Impact of Electricity Load Shedding on Operations of Small-Scale Enterprises in Selected Developing Countries: A Review of Literature

2023

JESD

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This paper examines the significant effects of electricity load shedding on small and medium enterprises (SMEs) in developing countries by using traditional literature review as the methodology. The study delves into the various ways in which frequent power outages disrupt business operations, hinder economic growth, and impede the development of these enterprises. The paper also discusses potential strategies and recommendations to mitigate the negative consequences of electricity load shedding on SMEs.

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Section: Electricity Load Shedding and Business Operations Of Small-s...mentioning

confidence: 99%

Impact of Electricity Load Shedding on Operations of Small-Scale Enterprises in Selected Developing Countries: A Review of Literature

2023

JESD

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“…However, the study is not empirical and does not give the desired coverage. Olatunji (2019) studied the effect of electricity insecurity on the performance of SMEs in the Akoko area of Ondo State, Nigeria. Using a descriptive research design and multiple regression techniques, results revealed that capacity, duration, and reliability of electricity supply have a significant positive relationship with the performance of SMEs.…”

Section: Empirical Reviewmentioning

confidence: 99%

Effect of renewable energy development on sustainable development of small and medium enterprises potentials in Nigeria

Suleiman

2023

Res. J. Bus. Econ. Manag.

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The effect of renewable energy (RE) development on the sustainable development of SMEs' potential in Nigeria was empirically done to unlock the possibility of deciphering the perennial energy problem in Nigeria. The development of renewable energy (RE) resources and utilization can greatly benefit Small and Medium Enterprises (SMEs) in Nigeria by providing a reliable, sustainable and cost-effective power supply. This is especially important, as many sectors of Nigeria's economy, including SMEs, are highly dependent on the poor power supply that is currently available. Thus, this study specifically examines the effect of RE resources availability, generation, system efficiency and effectiveness, and utilization on SMEs’ sustainable development potential in Nigeria. A survey research design was adopted and a population of 73,081 SMEs across Nigeria was utilized with a sample of 398 SMEs selected using multi-stage sampling techniques. A validated questionnaire was administered to the owners/managers of the selected SMEs, information obtained from the questionnaire was collated, scrutinized, and analyzed using Structural Equation Model (SEM) with the aid of SMART PLS 4 software through the structural model. The findings revealed that RE resources availability, generation, system efficiency and effectiveness, and utilization potentials of SMEs have a positive and significant effect on the potential development of SMEs in Nigeria. The study concluded that RE resources availability, generation, system efficiency and effectiveness, and utilization have significant influence on SMEs’ sustainable development potential in Nigeria. Thus, government, private sectors, and international development partners should focus on providing more resources, knowledge, and support to enable SMEs to access, generate and effectively use renewable energy resources more efficiently.

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“…The population for this study was made up of randomly selected qualified SMEs from the urban, semi-urban and rural areas of Lagos State, Nigeria. In terms of sector of operation, the study used thirty-five (35) SMEs in agriculture, seventytwo (72) SMEs in education, seventy-four (74) SMEs in entertainment, seventeen (17) SMEs in finance, fifty (50) SMEs in health, sixty-seven (67) SMEs in hospitality, fifty-one (51) SMEs in manufacturing, one hundred and fifty-seven (157) SMEs in merchandize, forty-five (45) SMEs in transport and nine (9) SMEs in other sectors of the economy. A total of six hundred (600) qualified SMEs responded to the questionnaires, but twenty-three (23) respondents were rejected (as the respondents did not provide complete answers), and five hundred and seventy-seven (577) respondents were accepted for the study.…”

Section: Research Population and Sampling Designmentioning

confidence: 99%

Determinants of use of solar energy as an alternative means of energy by small and medium enterprises in Lagos State, Nigeria

Anaba

Olubusoye

2021

Discov Sustain

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Frequent power outages and general electricity problems from the national grid in Nigeria have significantly increased in the last 5 years, and these are part of the reasons why many Small and Medium Enterprises in Lagos State, Nigeria find it difficult to survive and some have already folded up. Consequently, some Small and Medium Enterprises have relocated to other places, whilst others have resorted to the use of some alternative means of energy as backup facilities (inclusive of generating sets, and solar energy) to reduce the negative effect of frequent power outages from the national grid. Based on the foregoing, the aim of the study is to investigate whether Small and Medium Enterprises in Lagos State, Nigeria have considered solar energy as an alternative means of energy, find out whether Small and Medium Enterprises in Lagos State, Nigeria prefer solar energy to electricity from the national grid, and to also identify the determinants of use of solar energy as an alternative means of energy by Small and Medium Enterprises in Lagos State, Nigeria. The study covered selected Small and Medium Enterprises in Lagos State, Nigeria and primary data were generated from direct distribution of questionnaires to six hundred (600) qualified Small and Medium Enterprises in Lagos State. Using Descriptive Statistics and Binary Logistic Regression Model to analyze data generated from the questionnaires, the study affirmed that general cost of electricity from the national grid, poor organizational processes and procedures of Electricity Distribution Companies as well as policy support for solar energy by the government were major determinants of use of solar energy as an alternative means of power by Small and Medium Enterprises in Lagos State, Nigeria. However, the findings from the study indicate that poor customer services of Electricity Distribution Companies, inadequate access to electricity facilities of Electricity Distribution Companies, and frequent power outages were not major determinants of use of solar energy as an alternative means of energy by Small and Medium Enterprises in Lagos State, Nigeria as at the time of the research. Consequently, this study recommends that Electricity Distribution Companies should improve their organizational processes and procedures. The study also recommends that cost of maintenance and replacement of major facilities like defective transformers should not be transferred to Small and Medium Enterprises (inclusive of other clients).

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Electricity Insecurity and the Performance of Small Scale Businesses in Akoko Area of Ondo State, Nigeria

Cited by 9 publications

References 8 publications

Impact of Electricity Load Shedding on Operations of Small-Scale Enterprises in Selected Developing Countries: A Review of Literature

Impact of Electricity Load Shedding on Operations of Small-Scale Enterprises in Selected Developing Countries: A Review of Literature

Effect of renewable energy development on sustainable development of small and medium enterprises potentials in Nigeria

Determinants of use of solar energy as an alternative means of energy by small and medium enterprises in Lagos State, Nigeria

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