Challenges of Government Intervention Fund and SME Survival in Lagos State

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dc.contributor.authorBabatunde Musibau Adebayo LAWAL
dc.date.accessioned2025-09-23T14:48:34Z
dc.date.available2025-09-23T14:48:34Z
dc.date.issued2024-12
dc.description.abstractThis study examines challenges of government intervention fund and SME survival in Lagos State. Government has introduced several intervention fund over time with little or no impact on survival of Smes, IFC report in 2021 reflects a 4% decline in the no of Smes leading to the need to examine the specific issues in the areas of policy formulation and implementation of Intervention funds. The study was led by Dynamic Capability Theory, Stakeholders Theory, and Survival Base Theory. This study used descriptive survey research. This study includes all 11,643 registered SMEs in Lagos State, as reported by SMEDAN and the National Bureau of Statistics Collaborative survey in 2019. The Taro Yamme sampling size technique was used to choose 387 participants. The researchers targeted small and medium scale enterprises in Lagos State using purposive and incidental sampling approaches to pick 387 respondents from a SMEDAN interactive group. The research instrument was a structured questionnaire. To examine the instrument's reliability, 50 randomly selected respondents were tested separately from the main study participants. This isolation allowed objective instrument internal consistency evaluation. The pilot's Cronbach's Alpha value was 0.816, showing strong item consistency. Objective one identified intervention fund adequacy, repayment terms, and interest rates as significant factors impacting SME survival in Lagos State. However, the analysis suggests that these factors may not be well-suited to the specific needs of SMEs for sustainable survival, supported by a significant regression model (F(1, 385) = 56.943, p < 0.001). Objective two emphasizes the importance of fund accessibility, also supported by a significant model (F(2, 384) = 217.501, p < 0.000). However, objective three suggests awareness of government programs may not directly impact survival (F(1, 385) = .156, p < 0.693). Lastly, objective four highlights inadequate fund monitoring (F(1, 385) = 42.942, p < 0.000). The findings emphasizes the importance of intervention fund conditions in terms of repayment terms, interest rates, eligibility criteria and accessibility, as well as enhanced monitoring methods, in the survival of SMEs in Lagos State. To effectively help SMEs, policymakers should revise fund terms and eligibility requirements and improve monitoring through the use of special purpose vehicles with specialization in management of SMEs to optimize fund distribution, utilization and recovery. Keywords: Government Intervention Fund, SMEs Survival, Intervention Fund Issues, Monitoring Adequacy, Appropriateness, SMES Profitability, Liquidity Word Count: 300
dc.identifier.citationKate Turabia
dc.identifier.otherM.Sc
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/1088
dc.language.isoen
dc.publisherLead City University, Ibadan
dc.relation.ispartofseriesM.Sc
dc.subject: Government Intervention Fund
dc.subjectSMEs Survival
dc.subjectIntervention Fund Issues
dc.subjectMonitoring Adequacy
dc.subjectAppropriateness
dc.subjectSMES Profitability
dc.subjectLiquidity
dc.titleChallenges of Government Intervention Fund and SME Survival in Lagos State
dc.typeThesis

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