Subscribe to our Newsletter and get informed about new publication regulary and special discounts for subscribers!

ILSHS > ILSHS Volume 42 > Challenges Faced by Entrepreneurs and the...
< Back to Volume

Challenges Faced by Entrepreneurs and the Performance of Small and Medium Scale (SMEs) in Nigeria: An Intellectual Capital Issue

Full Text PDF


An entrepreneur is one who contributes significantly more than others to the economy by virtue of innovation and realizing new combinations. Which involve creation of a new product, a new method of production, the opening of a new market, the capture of a new source of supply, or a new organization of industry. Entrepreneurship of SMEs performance in knowledge-based economy. In addition, this study also explores the challenges which are facing small and medium enterprises (SMEs) in Nigeria. The significance of the study will add to the knowledge about current issues relating to SMEs in Nigeria The main thrust of this study is challenging which face Entrepreneur of small and medium scale enterprises (SMEs) on business performance in Nigeria.


International Letters of Social and Humanistic Sciences (Volume 42)
O. O. Tobora, "Challenges Faced by Entrepreneurs and the Performance of Small and Medium Scale (SMEs) in Nigeria: An Intellectual Capital Issue", International Letters of Social and Humanistic Sciences, Vol. 42, pp. 32-40, 2015
Online since:
October 2014

Adeyemi S. L. (2001). An Empirical Study of Small Scale Financing in Nigeria, Journal of Unilorin Business School, 1(1).

Ayyagari, et el., Small Business Economics 29 (2007) 415-434.

Beck T., Demirguc-Kunt A., Levine R., Journal of economic growth 10(3) (2005) 199-229.

Coarse R. H. (1988). The firm, the market and the law . Chicago. University of Chicago Press.

Central Bank of Nigeria, Research Department, (2000). The Changing Structure of the Nigerian Economy and Implications for Development. Printed and published by Realms Communications Ltd. Lagos. August, (2000).

Central Bank of Nigeria, 2006. Small and Medium Enterprises Equity Investment Scheme (SMEEIS), Revised Guidelines for Operation of the Scheme (An Initiative of the Bankers' Committee).

Dawson J. (1993).

Hallberg K. (2001). A market-oriented strategy for small and medium-scale enterprises. Discussion Paper No. 48, International Finance Corporation.

Hooi L. W., Asia Pacific Business Review 12(4) (2006) 465-485.

SMEDAN, (2013). , 2013 Annual Report. SMEDAN, Abuja.

Snodgrass, D. R., & Biggs, T. (1996). Industrialization and the small firm: Patterns and policies. ICS Press.

Kirzner I., The Journal of Economic Literature 35 (1997) 60-85.

Kristin H. (1999). A Market-oriented Strategy for Small and Medium Scale Enterprises, Volume 63.

Khalique M., Isa A. H. M., Shaari J. A. N., Ageel A., International Journal of Current Research 3(6) (2011) 398-401.

Nigeria National bureau of statistical report (2014) download at 9/26/2014 at 12: 16 p. m.

Reiss F. (2006). [Online] Available: http: /www. publishinggame. com art_whysmallbusinessesfail. htm. (11 December, 2006).

Ricardo Silva (2014). Report at Trading economics downloaded at 7/25/2014 at 9: 06: 13 am.

Oyelaran-Oyeyinka, O. (2000). Technology and Institutions for Private Small and Medium Firms: The Engineering Industry in Nigeria (No. 15). African Technology Policy Studies Network.

OECD (2004) conference on Structures and the Development of Small and Medium Enterprise Linkages.

World Bank, 2000. The World Bank Report, 1999. The World Bank, Washington DC. USA. ( Received 24 September 2014; accepted 03 October 2014 ).

Show More Hide
Cited By:

[1] S. Morse, N. McNamara, "Fostering entrepreneurship to help provide a sustainable clean seed yam production system in flood prone areas of Idah, Kogi State, Nigeria", Agroecology and Sustainable Food Systems, Vol. 40, p. 1085, 2016


[2] K. Okundaye, S. Fan, R. Dwyer, "Impact of information and communication technology in Nigerian small- to medium-sized enterprises", Journal of Economics, Finance and Administrative Science, 2019


[3] M. Demartini, V. Beretta, "Intellectual capital and SMEs’ performance: A structured literature review", Journal of Small Business Management, Vol. 58, p. 288, 2020


[4] S. Eze, V. Chinedu-Eze, H. Awa, "Key Success Factors (KSFs) Underlying the Adoption of Social Media Marketing Technology", SAGE Open, Vol. 11, p. 215824402110066, 2021

Show More Hide