Determinants and Performance of SMEs in Osun State, Nigeria

Abstract

The paper examines the determinants of performance in small and medium enterprises in the present economy in Osun state. The SMEs plays an important role in the economy of any nation including Nigeria. The performance of SMEs greatly influences the performance of the entire country, so the need to pay close attention to their survival in the country.

The survey research design was employed, questionnaire was administered and 145 responses were analysed using descriptive method and the hypothesis was tested using regression analysis.

The findings revealed that funding, customer patronage, employees and Government policies were significant factors affecting the performance of SMEs in the present economic situation in Osun state. The study recommend that Government should not relent their efforts rather intensify it by focusing on all factors found affecting the performance SMEs to ensure the overall success of SMEs.