FACTORS INFLUENCING PERFORMANCE OF MICRO, SMALL AND MEDIUM SCALE ENTERPRISES IN BORNO STATE, NIGERIA: An Exploratory Study ►Fatimah Inuwa Usman and Fatima Alfa Tahir
Micro, Small and Medium Scale Enterprises are considered the engine for growth of any nation. Yet, the performance of these enterprises leaves much to be desired. Scholars have asserted that this poor performance is influenced by numerous factors. The study explores the factors influencing the performance of Micro, Small and Medium Scale Businesses in Borno state, Nigeria. A small sample of MSME owners across Maiduguri metropolitan council were randomly surveyed using a single questionnaire. The content validity of the instrument was assessed by scrutiny and validation from two Professors of Management from the University of Maiduguri to ensure statements are clear and capture what they are intended to measure. The reliability of the instrument was also examined using the Cronbach alpha coefficient to ensure items are consistent in measuring each construct. Data was coded and analyzed with the aid of Statistical package for Social Sciences (SPSS) version 23. Results from the exploratory factor analysis showed infrastructural facilities, government policies, entrepreneurial training and insecurity were principal factors exerting influence on the performance of Micro, Small and Medium Scale Enterprises in Maiduguri.
Keywords - infrastructure, performance, micro, small and medium scale enterprise