Economic Analysis of the Factors Influencing the Performance of Small Scale Entrepreneurship in Kwara State, Nigeria

Abstract

This study economically analysed factors influencing the performance of small scale entrepreneurship in Ilorin, Kwara State, Nigeria.The study was carried out in Ilorin, Kwara State, which is one of the prominent entrepreneurial states in the middle belt of Nigeria. This study covered three Local Government Areas that are within Ilorin metropolis. A total of 245 respondents were randomly selected in the in the study area whereby copies of well-structured questionnaire were randomly administered on the Proprietors or Managing Directors and /or Management Staff members of the selected small-scale enterprises within the capital city of Kwara state.

The study revealed that power supply (POS), labour (LAB), the patent laws (PAL); State and Local Government Policies (SLG) and the financial constraints (FIN) are highly correlated with the dependent variable. This implies that, these variables are the salient factors that influence the performance of entrepreneurs most in the study area and this is significant at 0.00 levels.

Keywords: Economic, Factors, Performance, Small Scale, Entrepreneurs, Entrepreneurship.