DETERMINANTS OF SMALL BUSINESS PERFORMANCE IN OYE LOCAL GOVERNMENT, EKITI STATE, NIGERIA – AJHSSR

DETERMINANTS OF SMALL BUSINESS PERFORMANCE IN OYE LOCAL GOVERNMENT, EKITI STATE, NIGERIA

DETERMINANTS OF SMALL BUSINESS PERFORMANCE IN OYE LOCAL GOVERNMENT, EKITI STATE, NIGERIA

ABSTRACT: This study was design to access the factors determining the performance of small and mediumenterprises (SMEs) in Oye Local Government, Ekiti State, Nigeria. A total of one hundred (100) questionnaireswere administered to respondents of which one hundred fifty (100) were also returned.Descriptive survey designwas used for the study. The population of the study is one thousand two hundred and forty (1, 240), a samplesize of one hundred (100). From the strata, random selection technique was applied in choosing the number thatwill represent the sample size. Data were generated using questionnaire. Data collected were presented in tablesand analyzed using descriptive statistical tool was used to analyze the data collected. The results of the analysisshow that both financial and technological determinants are significant while infrastructural determinants werenot. It is recommended that government should improve on the infrastructural facilities in the local governmentto improve the performance of the SMEs.

KEYWORDS: SMEs, Determinants, Performances