Obananya Chinwe Gloria

Department of Entrepreneurship Studies, Faculty of management science, Chukwuemeka Odumegwu Ojukwu University Igbariam Campus, Anambra State, Nigeria

The study examines the effect of government policy on the growth of small and medium enterprises (SMEs) in Anambra State. The study was anchored on the business growth theory. Descriptive survey design was adopted. The Population was 1,200 SME operators in Anambra State. The sample size of 300 SMEs was employed using Yamane’s formula. Questionnaire was the major instrument of data collection used in the study. Regression was used to analyse the formulated hypotheses in the study. The study discover that government credit policy granted, government tax policy and government licensing policy has a significant positive effect on the growth of small and medium enterprises in Onitsha North Local Government area, Anambra State. The study concludes that government policy has a positive significant effect on the growth of Small and Medium Scale Enterprises. The study recommends among others that government should reassess its various policies put in place to alleviate negative effect on credit policy on the growth of SMEs in Anambra State, Nigeria. Government should develop a system for tax payment so as to enhance efficiency in tax collection and payment.

Credit Policy, Tax Policy, Licensing Policy, and Growth of SMEs.

1) Adeusi, S.O. & Aluko, O.A (2014). Assessing the role of government in promoting small scale businesses in Kogi State: The Kabba/Bunu Experience. IOSR Journal of Business and Management. 16, (11), 86-92

2) Afolabi, M.O (2013). Growth effect of Small and Medium Enterprises (SMEs) Financing in Nigeria. Journal of African Macroeconomic Review Vol. 3, No. 1 (2013)

3) Ahiawodzi AK, Adade TC (2014) Access to Credit and Growth of Small and Medium Scale Enterprises in the Ho Municipality of Ghana. British Journal of Economics, Finance and Management Sciences, 6(2):34-43.

4) Akinruwa, T.E, Awolusi, O.D & Ibojo, B.O (2013). Determinants of Small and Medium Enterprises (SMEs) Performance in Ekiti State, Nigeria: A Business Survey Approach. European Journal of humanities and Social Sciences.27, (1), 2013.

5) Ameh ,P. O., Alao, M. M. & Amiya, B. (2020). Effect of Small and Medium Scale Enterprises on Nigeria’s Economy. World Journal of Innovative Research. 8, (3), 87-92

6) Anne, N.K (2014). Factors affecting the performance of small and medium enterprises in the Jua Kali Sector In Nakuru Town, Kenya. Journal of Business and Management.16, (1), 80-93

7) Anthony, A. E & Harry, E (2015). Government policy and performance of small and medium business management. International Journal of Academic Research in Business and Social Sciences. 5, (2),22-39.

8) Berisha, G and Pula, J.S (2015). Defining small and medium enterprises: A critical review. Academic Journal of Business, Administration, Law and Social Sciences. 1 (1), 20-25

9) Bouazza AM, Ardjouman D, Abada O (2015) Establishing the Factors Affecting the Growth of Small and Medium-sized Enterprises in Algeria. American International Journal of Social Science,4(2):101-121.

10) Chukwuma, N.K . & Chukwuma, E. (2015). Implications of economic factors on small scale business performance in Nigeria: 1970 -2013. International Journal of Research in Business Management. 3, (10), 23-30.

11) Dut, V.V. (2015). The effects of local business environments on SMEs' performance: empirical evidence from the Mekong Delta. Asian Academy of Management Journal. 20, (1), 101–122

12) Ekwochi, E. A., Orga, J.I. & Okoene, C.N. (2019). The role of government in development of small-scale business in enugu metropolis. International Journal of Academic Research economics and management sciences. 8 , (1),88-102

13) Folorunsho, O.O., Abodunde, S.M. &Kareem, T.S. (2015). Small and medium scale enterprises and economic growth in Nigeria: an empirical investigation. International Journal in Management and Social Science. 3 (4), 12-24

14) Imeokparia, P.O. & Ediagbonya, K. (2014). Small and medium scale enterprises (SMEs): A Catalyst in Promoting Economic Development in Nigeria. Journal of Education and Practice.5, (33), 10-14.

15) Imoisi ,A. I. & Ephraim, J. (2015). Small and Medium Scale Enterprises and Economic Growth in Nigeria: 1975-2012. International Journal of Business and Management. 10, ( 3), 203-215

16) Lulian, V.B. (2014). The Influence of the Business Environment on Small and Medium Enterprises. Journal of Knowledge Management, Economics and Information Technology, Vol 4, No 2, April 2014.

17) Motilewa, B.D., Ogbari, M. & Aka, D.O. (2015). A review of the impacts SMEs as Social Agents of Economic Liberations in Developing Economies. International Review of Management and Business Research Vol. 4 Issue.3, 2015.

18) Ngui, T.K (2014). The Role of SMEs in Employment Creation and Economic Growth inSelected Countries. International Journal of Education and Research. 2 (12), 8-21

19) Obasan, K.A (2014).The impact of business environment on the survival of small scale businesses in Nigeria. International Journal Management Business Resources, 4 (3), 165-170

20) Ocheni, S. I., & Gemade, T. I. (2015). Effect of multiple taxation on the performance of Small and Medium Scale Businesses in Kogi State. Journal of Academic Research in Business and Social Review, 5(3), 345-364

21) Oduntan, K.O (2014). The role of small and medium enterprises in economic development: The Nigerian experience. International Conference on Arts, Economics and Management (ICAEM'14) March 22-23, 2014 Dubai (UAE)

22) Oluwadare, A. & Oni, I. (2016). The effect of internal environment on the performance of small and medium scale enterprise in Kano Metropolis. International Journal of Management and Commerce Innovations. 3, (2), (120-126)

23) Safiriyu, A.M. & Njogo, B.O. (2012). Impact of small and medium scale enterprises in the generation of employment in lagos state. Kuwait Chapter of Arabian Journal of Business and Management Review. 1, (11) 12-24.

24) Tende BA (2014) Government Initiatives toward Entrepreneurship Development in Nigerian. Global Journal of Business Research, 8 (1):109-120.

25) Wasiu, A. M. (2019). Assessment of Government Policies on Small and Medium Scale Enterprises’ Productivity in Ibadan Metropolis, Oyo State: an Empirical Survey. International Journal of Research in Business Studies and Management. 6, (9), 30-39

26) Zacheus. O. O. & Omoseni, O. A. (2014). The impact of small and medium scale enterprises on economic development of Ekiti State, Nigeria. Journal of Economics and Sustainable Development.5,(16), 115

Volume 05 Issue 02 February 2022