STATE SUPPORT MANAGEMENT AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA’S FASHION INDUSTRY
Keywords:
государственная поддержка, государственная политика, малые и средние предприятия, МСП, индустрия моды, лицензирование, налоговое регулирование, эффективностьAbstract
Nigerian Small and Medium Enterprises (SMEs) face unique challenges including intellectual property concerns, export licensing complexities, and industry-specific tax regulations. By concentrating on SMEs in the Southwest, the study examines the impact of State support policies on the performance of small and medium-sized businesses in Nigeria with a focus on with significant fashion clusters such as Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti. The purpose of the study is to analyze the management of government support and the effectiveness of SMEs in the fashion industry in Nigeria. Research objectives are to assess the impact of intellectual property regulations, examine export facilitation policies, and evaluate tax incentives on fashion industries as well as to determine licensing efficiency for fashion enterprises in the region. A survey research design was used with 384 fashion industry SMEs registered under Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The results of multiple linear regression analysis showed that government policies significantly improve the performance of fashion SMEs (R2 = 0.623). According to the report, customized government policies are crucial for improving the performance of fashion SMEs in the southwest region of Nigeria. The strong positive relationships that exist between SMEs' performance and different state assistance programs highlight the necessity of designing policies strategically while taking the particular dynamics of the fashion sector into account. In order to promote innovation, development, and global competitiveness, the government may modify regulatory frameworks to meet the unique requirements of fashion companies. The results indicate that successful policy interventions can serve as catalysts for economic growth, bolstering a thorough understanding of the connection between institutional mechanisms and business performance.Downloads
References
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Obananya (2022) Government policies and the growth of small and medium enterprises (SMEs) in Anambra State. International Journal of Multidisciplinary Research and Analysis, 05(02):458-465. https://doi.org/10.47191/ijmra/v5-i2-32.
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Bouazza A. M., 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.
Garba A. S. (2021). Linking intellectual capital with small business performance: A resource-based theory view. Technological, Pandemic Disruptions, and Management Sciences’ Theory and Practice: Challenges, Responses, and Strategic Choices, 304.
Бухвальд Е. М., Валентей С. Д., Одинцова А. В. Экономические проблемы федерализма, региональной политики и местного самоуправления // Вестник Института экономики Российской академии наук. 2020. № 1. С. 51-76. https://doi.org/10.24411/2073-
6487-2020-10003.
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2020-10003. (In Russian)
Sebele-Mpofu F. Y. (2023). The informal sector, the implicit social contract, the willingness to pay taxes and tax compliance in Zimbabwe. Accounting, Economics, and Law: A Convivium, 13(3):299-342.
Abagissa J. (2021). The assessment of micro and small enterprises performance and challenges in Addis Ababa, Ethiopia. International Journal of Applied Economics, Finance and Accounting, 9(1):8-18.
Arora G. (2021). Intellectual property rights: Property or Rights? The application of the transfer rules to intellectual property. Jus Corpus LJ, 2, 502.
Zakowska H. (2015). An Analysis of Standard Business Reporting as a measure to reduce the tax compliance burden of Australian businesses (Doctoral dissertation, UNSW Sydney).
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Oluwasemilore I. A. (2022). Nigerian Intellectual Property Protection for Small and Medium-Sized Enterprise (SME) Fashion Designers in the Digital Economy. South African Intellectual Property Law Journal, 10(1):38-66.
Olayemi B. K., &Folajimi A. F. (2021). Tax incentives and the growth in sales revenue of small and medium enterprises (SMEs) in Ondo and Ekiti States, Nigeria. International Journal on Data Science and Technology, 7(1):1-16.
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Bruton G. D., Ahlstrom D., &Obloj K. (2008). Entrepreneurship in emerging economies: Where are we today and where should the research go in the future?Entrepreneurship Theory and Practice, 32(1):1-14.
Евстегнеева А. Ю. Государственная финансовая поддержка российского малого и среднего бизнеса // Евразийский научный журнал. 2023. № 15(s3). С. 1-13. URL:
https://esj.today/PDF/59FAVN323.pdf.
Evstegneeva A. Y. (2023). State financial support for Russian small and medium-sized businesses. The Eurasian Scientific Journal. 15(s3):1-13. URL: https://esj.today/PDF/59FAVN323.pdf. (In Russian)
Okafor I., Ugwuegbe S. U., &Chijindu E. H. (2016). Impact of small and medium-sized enterprise on the growth of the Nigerian economy. International Journal of Economies, Commerce and Management, 4(6):678-692.
Kohn M. (2020). Public goods and social justice. Perspectives on Politics, 18(4): 1104-1117. https://doi.org/10.1017/S1537592719004614.
Астратова Г. В., Онвусирибе Ч. Н., Одех К. Д., Ли Т., Сид А.Э.М. Пути цифровой трансформации на международных рынках моды: сравнительный анализ России, Китая и стран Западной Африки. Евразийский научный журнал. 2025. № 17(3). URL:
https://esj.today/PDF/38ECVN325.pdf.
Astratova G. V., Onwusiribe Ch. N., Odeh C. D., Li, T., Sid, A.E.M. (2025). Digital transformation pathways in international fashion markets: a comparative analysis of Russia, China, and west African countries. The Eurasian Scientific Journal. 17(3). URL:
https://esj.today/PDF/38ECVN325.pdf. (In Russian)
Nwankwo A. O. (2018). Harnessing the potential of Nigeria’s creative industries: Issues, prospects and policy implications. Africa Journal of Management, 4(4),469-487.
https://doi.org/10.1080/23322373.2018.1522170.
Aga P. A. (2023). Government support policies and the growth of small and medium enterprises in Benue State. African Journal of Business and Economic Development, 3(11):33-45.
Naradda Gamage S. K., Ekanayake,E. M. S., Abeyrathne,G. A. K. N. J., Prasanna R. P. I. R., Jayasundara J. M. S. B., &Rajapakshe P. S. K. (2020). A review of global challenges and survival strategies of small and medium enterprises (SMEs). Economies, 8(4),79.
https://doi.org/10.3390/ECONOMIES8040079.
Boris O. H. (2015). Challenges confronting local government administration in efficient and effective social service delivery: The Nigerian Experience. International Journal of Public Administration and Management Research, 2(5):12-22.
Obananya (2022) Government policies and the growth of small and medium enterprises (SMEs) in Anambra State. International Journal of Multidisciplinary Research and Analysis, 05(02):458-465. https://doi.org/10.47191/ijmra/v5-i2-32.
Mazele O., &Amoah C. (2022). The causes of poor infrastructure management and maintenance in South African municipalities. Property Management, 40(2):192-206. https://doi.org/10.1108/PM-06-2021-0042.
Ajayi-Nifise A. O., Tula S. T., Asuzu O. F., Mhlongo N. Z., Olatoye F. O., &Ibeh C. V. (2024). The role of government policy in fostering entrepreneurship: a USA and Africa review. International Journal of Management & Entrepreneurship Research, 6(2):352-367.
Onwuka E. M., Friday E. C., Onyegbuna C. M., Onah F. S., &Obijiaku C. P. (2024). Tax Policy and Performance of Small and Medium Scale Enterprises in Anambra State, Nigeria. International Journal of Capacity Building in Education and Management, 6(3):35-45.
Salami C. G. E., Ekakitie S. E., & Ebinim L. O. (2023). Impact of government policy on entrepreneurship growth and development of small-scale business. Journal of Global Social Sciences, 4(14):73-102. https://doi.org/10.58934/jgss.v4i14.154.
Barinova V., Zemtsov S., & Tsareva Y. (2019). Government Support of Small and Medium Sized Entrepreneurship in Russia. PSN: Other Domestic Development Strategies. https://doi.org/10.2139/ssrn.3449232.
Razumovskaia E., Yuzvovich L., Kniazeva E., Klimenko M., & Shelyakin V. (2020). The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 6, 160-160. https://doi.org/10.3390/joitmc6040160.
Okhrimenko A., & Gachegov M. (2024). Assessing the effectiveness of support for small and medium-sized businesses. Lomonosov Economics Journal. https://doi.org/10.55959/msu0130-0105-6-58-4-6.
Цинченко Г.М., Орлова И.С. Государственная политика в области развития малого и среднего бизнеса // Вопросы управления. 2020. № 3(64). С. 181-195. https://doi.org/10.22394/2304-3369-2020-3-181-195.
Tsinchenko G.M., Orlova I.S. (2020). State policy in the field of development of small and medium-sized businesses. Issues of management, 3(64), 181-195. https://doi.org/10.22394/2304-3369-2020-3-181-195. (In Russian)
Шибиченко Г. И. Особенности государственной поддержки малого бизнеса в Российской Федерации. Вестник Академии знаний. 2018. № 6. С. 318-320. URL:
https://cyberleninka.ru/article/n/osobennosti-gosudarstvennoy-podderzhki-malogo-biznesa-vrf/viewer.
Shibichenko G. I. (2018). Features of state support for small businesses in the Russian Federation. Bulletin of the Academy of knowledge, 6:318-320. URL:
https://cyberleninka.ru/article/n/osobennosti-gosudarstvennoy-podderzhki-malogo-biznesa-vrf/viewer. (In Russian)
Bouazza A. M., 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.
Garba A. S. (2021). Linking intellectual capital with small business performance: A resource-based theory view. Technological, Pandemic Disruptions, and Management Sciences’ Theory and Practice: Challenges, Responses, and Strategic Choices, 304.
Бухвальд Е. М., Валентей С. Д., Одинцова А. В. Экономические проблемы федерализма, региональной политики и местного самоуправления // Вестник Института экономики Российской академии наук. 2020. № 1. С. 51-76. https://doi.org/10.24411/2073-
6487-2020-10003.
Bukhvald et al. (2020). Bukhvald E. M., Valentey S. D., Odintsova A. V. Economic problems of federalism, regional policy and local self-government. Bulletin of the Institute of conomics of the Russian Academy of Sciences, 1:51-76. https://doi.org/10.24411/2073-6487-
2020-10003. (In Russian)
Sebele-Mpofu F. Y. (2023). The informal sector, the implicit social contract, the willingness to pay taxes and tax compliance in Zimbabwe. Accounting, Economics, and Law: A Convivium, 13(3):299-342.
Abagissa J. (2021). The assessment of micro and small enterprises performance and challenges in Addis Ababa, Ethiopia. International Journal of Applied Economics, Finance and Accounting, 9(1):8-18.
Arora G. (2021). Intellectual property rights: Property or Rights? The application of the transfer rules to intellectual property. Jus Corpus LJ, 2, 502.
Zakowska H. (2015). An Analysis of Standard Business Reporting as a measure to reduce the tax compliance burden of Australian businesses (Doctoral dissertation, UNSW Sydney).
Chuma-Okoro H. (2022). Promoting creative economies in Nigeria and South Africa through communal and collaborative intellectual property rights strategies.
Oluwasemilore I. A. (2022). Nigerian Intellectual Property Protection for Small and Medium-Sized Enterprise (SME) Fashion Designers in the Digital Economy. South African Intellectual Property Law Journal, 10(1):38-66.
Olayemi B. K., &Folajimi A. F. (2021). Tax incentives and the growth in sales revenue of small and medium enterprises (SMEs) in Ondo and Ekiti States, Nigeria. International Journal on Data Science and Technology, 7(1):1-16.
North D. C. (1989). Institutions and Economic Growth: An Historical Introduction. World Development, 17 (9):1319-1332.
Bruton G. D., Ahlstrom D., &Obloj K. (2008). Entrepreneurship in emerging economies: Where are we today and where should the research go in the future?Entrepreneurship Theory and Practice, 32(1):1-14.
