Investigating the entrepreneurial action of small scale enterprises for sustainable development in Nigeria

Abstract

The focus of this research was on small-scale firms' entrepreneurial actions for long-term development in Nigeria. As a result, the study looked into the role of SMEs in entrepreneurial success and the extent to which SME owners' entrepreneurial actions might help Nigeria achieve sustainable development. The study was conducted on 100 SMEs from five states in Nigeria making the population of 2,111. The sample size of the study (336) was determined using Taro Yamane sampling techniques, and Bowler’s proportional allocation method to allocate sub-sample for each sub-universe. The study adopted multi-stage sampling techniques, and simple random sampling to choose the required samples for the sub-universes. The study gathered its data from the field, and its information through secondary source. This study analyzed the data collected with descriptive method and Likert statistical method. The study revealed that SMEs have made little significant contribution to entrepreneurial success, and that entrepreneurial action of SME owners is insufficient for sustainable development in Nigeria. Thus, the study concluded that sustainable development can only be achieved when SME owners reshape their thinking and improve on their actions towards entrepreneurial engagement in Nigeria.