Impact of Support Institutions’ Activities on Entrepreneurship in Nigeria

Abstract

Over the years, the growth of Small and Medium Enterprises have been canvassed as a tool to curtail the menace of rising poverty and unemployment in Nigeria. Despite the level of supports as claimed by the government to be given to the SMEs, the challenge of poverty and unemployment is still on the rise. This study examines the impact of support institutions’ activities such as business development plans and trainings on entrepreneurship performance in Kwara State, Nigeria. Two hypotheses were postulated. The study utilizes a selfadministered questionnaire to obtain data from 161 Small and Medium Enterprises. Data obtained were analyzed with the use of multi-linear regression and presented using inferential statistics. The findings of the study suggest that specialized institution’s activities have impact on the entrepreneurship. The patronage of microfinance banks’ loans, patronage of cooperative society loans and application of recruitment strategy are significant to the entrepreneurship growth.