ISSN – PRINT:2756-4495 | ONLINE: 2756-4487

Volume 05, Issue 01 – 2025

Entrepreneurship Development and Performance of the Affordable Energy Solutions and Medium Scale Enterprises in South-South, Nigeria

Onyebuchi Odianjo, Emeka Obi

ABSTRACT

The performance of Small and Medium Scale Enterprises providing primarily affordable, clean energy solutions is critical to the success and survival of businesses and by extension the growth and development of any developing economy. Against this backdrop, the aim of this study is to examine the effect of entrepreneurship development on the performance of Small and Medium Scale Enterprises (SMEs) of affordable energy solutions in the South-South Nigeria. The dimensions of entrepreneurship development (regressor variable) were training, mentoring and funding) while those of performance (regress and variable) productivity and market size. Technology served as the moderating variable of the relationship between entrepreneurship development and performance of the affordable energy Solutions SMEs. Through the instrumentality of descriptive survey research approach, structured questionnaire was administered to respondents who are owner-managers and managers of SMEs of affordable energy solutions in the South-South, Nigeria. The target population (480 respondents) of the study was drawn from the registered SMEs in the region. Following the use of the Krejcie and Morgan’s (1970) Table for Determining Sample Size, a sample size of 214 was estimated and adjudged a representative sample. Seven (7) hypotheses were formulated. The Spearman Correlation Coefficient was used to test hypotheses one to six while Pearson’s Correlation was used to test hypothesis seven. The study employed the International Business Machine Statistical Package (IBM-SPSS) version 28 as the requisite software. The findings of the study indicated that all the dimensions of entrepreneurship development were positive and statistically significant with the applicable performance-dimensions. The study therefore, among others, recommends that Small and Medium Scale Enterprises(SMEs) providing affordable energy solutions in the South South of Nigeria should strategically embrace entrepreneurship development both in the short term and long term so as to enhance their performance.

Keywords: Medium Scale Enterprises (SMEs); Clean energy solutions; South-South Nigeria

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