Department of Politics and International Relations

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Browsing Department of Politics and International Relations by Subject "Agriculture-based Micro"

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    Agriculture-based Micro, Small and Medium Enterprises in Nigeria: Challenges and Opportunities in Achieving Sustainable Development Goals (SDGs) 2012-2022
    (Lead City University, Ibadan, 2024-12) Adekunle Julius TOLUJU
    Agro-based Micro, Small, and Medium Enterprises (MSMEs) in Nigeria play a pivotal role in the nation’s economic development, in achieving the Sustainable Development Goals (SDGs) from 2012-2022. These enterprises, which operate across various agricultural value chains, significantly contribute to food security, employment, and income generation, thereby supporting SDG 1 (No Poverty) and SDG 2 (Zero Hunger). The study adopted systems theory which is based on the belief that individuals do not perate in isolation, but rather grow and develop in interaction with their physical and social environment; and theories of agricultural development which posited that agriculture is a multi- sectoral business that support and promote positive change in the rural and urban areas. The research design was descriptive while the population were the micro, small and medium entrepreneurs in southwest Nigeria consisting of Oyo, Ogun, Ondo, Osun, Lagos and Ekiti States. Sample size was purposively random, electing sixty MSMEs from each state. Questionnaire and unstructured interview were used to gather data, with a reliability value of 0.71. Statistical analysis was used to analyse the data obtained. Findings showed that access to finance remains a critical barrier, as many MSMEs struggle to secure loans due to stringent collateral and high-interest rates; majority of these agribusinesses are subsistence and barely catered to the basic needs of the owners; lack of storage facilities, outdated technology, significant post-harvest losses, and limited market access were major problems. In conclusion, strategic interventions and support can unlock the potential to drive and achieve the SDGs by 2030. The study recommended that capacity-building initiatives and technical training programs can equip MSME owners with necessary skills and knowledge, fostering innovation and productivity; Government and private sector collaboration in creating favourable policies and providing financial incentives can further support the growth and sustainability of agro-based MSMEs. Keywords: Agriculture-based Micro, Small and Medium Enterprises in Nigeria, Challenges and Opportunities in Achieving Sustainable Development Goals (SDGs), Economic development, Nigeria Word Count: 296