POWER SUPPLY INFRASTRUCTURE AND GOVERNMENT POLICY INCONSISTENCY ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE MANUFACTURING FIRMS IN NIGERIA: AN EMPIRICAL ASSESSMENT

  • Karibo Benaiah Bagshaw Rivers State University of Science and Technology, Nigeria
Keywords: Power supply infrastructure, government policy inconsistency, manufacturing performance

Abstract

This study empirically examined the influence of power supply infrastructure and government policy inconsistencies as external environmental factors on small and medium scale manufacturing firms in Nigeria. The delimitation of the study was on small and medium scale manufacturing firms in Lagos State, Nigeria listed in the Manufacturers‟ Association of Nigeria with a population of 283 firms and a sample size of 148 firms selected using the stratified random sampling technique.

References

Abiodun, F. (2011): Small and Medium Scale Enterprise in Nigeria: The Problems and Prospects. The Collegiate Journal of Economics. Vol.60

Ayozie D.O. and Latinwo H.K. (2010): “Entrepreneurial developments and small scale industry contribution to Nigerian national development – A marketing interface” pp. 51-68

Banjoko, S.A. (2009): “The Nigerian Manufacturing Sector: Bumpy Past and Shaky Future – What Options for Survival?” University of Lagos Inaugural Lecture Series; p11, 24-27

Banjoko, S. A. Iwuji, I.I. and Bagshaw, K. (2012): The performance of Nigerian manufacturing sector; A 52-year Analysis of Growth and Retrogression (1960- 2012). Journal of Asian Business and Strategy. vol. 2. No.8 August 2012; pp. 177-191

Beck, T., Demirguc-kunt, A. and Maksimovic, V. (2006): Financial and Legal Constraints to Firm Growth: Does Firm Size Matter? Journal of Finance, 60, 137-77.

Chen L. and Liaw S. (2006): Measuring Performance via Production Management: A Pattern Analysis. International Journal of Productivity and Performance Management, vol. 55.

Chika, A. and Ejiofor, A. (2013), Nigeria Electricity Crisis: from Bad to Worse; Article Published in This Day Live, Friday 20 June, 2014.

Chinedu, V. A. (2013). Inconsistent Policies and High Rate of Abandoned Government Projects; Holler Africa, www.hollerafrica.com

Collier, P. (2000): “Africa’s comparative advantage” Chapter 2 in H. Jalilian, M. Tribe and J. Weiss (eds.) Industrial Development and Policy in Africa. Edward Elger, Cheltenham UK.

Dele P.O (2009), ’’Power Generating Sets Rescue Nigerians from Erratic Power Supply”, BusinessDay, Wednesday, 22 July 2009

Eifert, G., Gelb, A. and Ramachandran, R. (2005): “Business Environment and comparative Advantage in Africa: Evidence from the Investment Climate Data”. Centre for Global Development Working Paper.

Krejcie, R.V., & Morgan, D.W. (1970): Determining sample size for research activities. Educational and Psychological Measurement, 30, 607 – 610.

Malik, A., Teal F., and Baptist, S. (2006): The Performance of Nigerian Manufacturing Firms: Report on the Nigerian Manufacturing Enterprise Survey 2004. Centre for Study of African Economies University of Oxford, Oxford OX1 3UQ

Meyer, A.D. and Ferdows (1990): “Lasting Improvements in Manufacturing Performance: In Search of a New Theory”, Journal of Operations Management Economics. Vol. 9, No. 2, pp 168-184.

Momoh, S (2009), ‘’It is Not Yet Uhuru for Manufacturing”, Business Day, Tuesday, 15 December 2009.

Nigeria Businessinfo.com (2002): Prospects of Nigerian SMEs under the small and medium industries equity investment scheme (SMIEIS). www.nigeriabusinessinfo.com./nigerian-smes

Obayelu, A. E. (2007) Effects of Corruption and Economic Reforms on Economic Growth and Development: Lessons from Nigeria, Department of Agricultural Economics, University of Ibadan, Nigeria. Being a paper prepared and submitted for 2007 African Economic Conference.

Onugu, B.A.N. (2005): “Small and Medium Enterprises (SMEs) in Nigeria: Problems and Prospects”, valuefronteironline.com

Osamwonyi I.O. (2009). The Nigerian Economy, Edo State Unemployment and the Role of Entrepreneurship in Osamwonyi I.O. (ed) Training Manual For Participants of Graduate Entrepreneurial Scheme, SciTech Group Consulting.

Osamwonyi, I. O. and Tafamel, A. E. (2010); Options for Sustaining Small and Medium Scale Enterprises in Nigeria: Emphasis on Edo State; An International Multi-Disciplinary Journal, Ethiopia Vol. 4 (3b)

Power, D.J. (2000): “Web-Based and Model-Driven Decision Support Systems: Concepts and Issues”, Power@uni.edu – Department of management, University of Northern Iowa, Prepared for AMCIS 2000, Americans Conference on Information Systems, Long Beach California. August 10th – 13th 2000

Schifer, M., Weder, B. (2003): “Firms size and the business environment: worldwide survey results”, World Bank and International Finance Corporation

Sunday, O.O. (2012), Energy and Sustainable Development in Nigeria: The way Forward; Spring Open Journal, Vol 68.

Tafamel, A.E. and Idolor, J.E. (2008: “Discovery Business Opportunities” In Okafor F.C., Isenmila; P.A. and Inegbenebor, A.U. Entrepreneurship: A Practical Approach. Benin City: Mindex Publishing.
Published
2014-07-31
Section
Original Article