THE EFFECTS OF POLITICAL ECONOMIC AND LEGAL ENVIRONMENT ON SOME SELECTED SMEs PERFORMANCE IN YOBE STATE NIGERIA

Abstract

The study evaluates the effect of political, economic, and legal environment on SMEs performance in some selected SMEs in Yobe State Nigeria. The specific objectives are to firstly examine the effects of economic environment on some selected SMEs performance in Yobe State. Secondly, to identify the effect of political environment on some selected SMEs performance in Yobe State. Thirdly, to evaluate the effect of legal environment on some selected SMEs performance in Yobe State and lastly to make possible recommendation on better performance of SMEs in Yobe State, Nigeria. A survey research was performed via structured questionnaire for collection of data across the three senatorial districts within Yobe state. The collected data was analysed with SPSS statistical software. Descriptive statistics was used to present the respondents’ responses on the bio data. Inferential Statistics was adopted via Pearson Correlation and Multiple Regression Analysis to determine the relationship between the antecedent which are Political environment, economic environment and Legal environment and outcome variables which is SMEs performance. Multiple Regressions was used to test which of the environmental external variables influences SMEs Performance the most. It is believed that the study findings will be of great benefits and important to stakeholders and policy makers within SMEs industries, law enforcement agents, political gladiators and federal government at large in relation to wherewithal of overcoming possible challenges emanating from external environment which can hinder successful performance of SMEs; thereby ensuring government effectiveness coupled with sustained economic and national development in the country.