The Status of Entrepreneurship Support Agencies (ESAs) in Lagos State, Nigeria

Document Type : Research Paper

Authors

1 Department of Business Administration, Lagos State Polytechnic, Ikorodu, Lagos, Nigeria

2 Department of Business Administration, Lagos State University, Ojo, Lagos, Nigeria

3 Department of Banking and Finance, Lagos State Polytechnic, Ikorodu, Lagos, Nigeria

Abstract

The purpose of this paper is to appraise theoretically and empirically the status of ESAs in Nigeria. Government agencies, organized private sector, industrial associations and international institutions constitute ESAs in Nigeria and have been in the forefront of MSMEs’ development, through enabling environment. The study used a qualitative multiple case study by purposively contacting 56 SME operators in Matori, Lagos Industrial Centre for interview. Data were gathered from 30 firms that agreed to participate through structured interview and relevant documents. The content analysis of available information reveals the interaction of SMEs with regulatory agencies for certification. However, a performance appraisal of ESAs indicates that these agencies have been ineffective due to poor implementation resulting from challenges such as bureaucratic bottleneck, high costs of services, corruption, lack of infrastructure and inadequate staffing to mention just a few. The paper, therefore, recommends a change in value system, empowerment of ESAs, availability of MSMEs’ databases, effective communication and publicity, and consolidation of existing ESAs with duplicating roles for ESAs to be relevant in MSMEs’ development

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References

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Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies)
Volume 10, Issue 4
December 2017
Pages 853-881

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