Impact of Managerial Skills on Small Scale Businesses Performance and Growth in Nigeria

Abstract

The impact of Small Scale Businesses (SSBs) on economic growth and development has attracted global attention of policy makers and academic researchers. In Nigeria, many financing policies were designed and implemented to boast the sector but the results contradicted expectations. Virtually no comparative study ever place Nigeria ahead of any of her co-developing countries. Some experts and researchers in the area thus, are of the view that the hidden factor responsible for this deficient performance maybe lack of managerial skills on the part of their proprietors. This study therefore, was designed to examine the impact of managerial skills on SSBs performance in Bauchi state of Nigeria. Questionnaire technic was used to collect data from 58 SSBs in the state and analyzed using simple linear regression to test the hypothesis on the relationship between the two variables. The study found that managerial skills have significant impact on SSBs performance. The study concluded that inadequate managerial skills are factors militating against SSBs performance and recommended that government, Non Government Organizations and SSB owners’ unions should provide adequate training and development programmes to improve the managerial skills of SSB owners and their management.

Keywords: Managerial Skill, SSBs and SSBs’ Performance