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IMPACT OF PUBLIC ELECTRICITY SUPPLY ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISE IN NIGERIA (A STUDY OF SELECTED FIRMS IN NNEWI NORTH L.G.A)

IMPACT OF PUBLIC ELECTRICITY SUPPLY ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISE IN NIGERIA (A STUDY OF SELECTED FIRMS IN NNEWI NORTH L.G.A)

1 NWUBA, N. Bertram & 2 NWANKWO, A. Angela

1Department of Business Administration

Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State Nigeria

2 Lecturer Departments of Business Administration

Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State Nigeria

ABSTRACT

The study examined impact of public electricity supply on the performance of small and medium scale enterprise in Nigeria (a study of selected firms in Nnewi North L.G.A). The specific objectives of this study is to determine the effect of electricity supply on the performance of small and medium scale enterprise in Nnewi North L.G.A. Anambra state. Ascertain the effect of alternative electricity supply on the performance of small and medium scale enterprise in Nnewi North L.G.A. Anambra state. Gerschenkron (1962) theory states that the great spurt industrialization could take place if 5 pre- requisites are fulfilled. The study adopted survey method of research. Data were generated through primary and secondary sources. The method for data collection was questionnaire and interview which were administered randomly among the staff of selected firms in Nnewi North. The population of the study was 10554, while sample size determined using Borg & Gall formular. The sample size of the study is three hundred and eighty-five (385). The hypotheses were tested using ANOVA at 0.05% level of significance. The findings of the study revealed that Electricity supply has significant impact on the performance of small and medium scale enterprise in Nnewi North L.G.A. Anambra state. Alternative electricity supply has significant impact on the performance of small and medium scale enterprise in Nnewi North L.G.A. Anambra state. The study recommends Government should provide soft loans to unemployed youths to engage in small and medium scale businesses in order to reduce unemployment and generate more tax revenue which can be used for developmental projects. The well-to-do in Nnewi North L.G.A. Anambra state community should make funds available to the needy potential business men and women so as to supplement government effort in reducing unemployment.

Keywords: Public Electricity Supply, Performance of SMEs, Nnewi North LGA.

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Impact Factor

2018 : 3.466

2015 : 0.676

Current impact factor evaluation is in progress.

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