IMPACT OF SOCIO-ECONOMIC FACTORS ON THE PERFORMANCE OF SMALL-SCALE ENTERPRISES IN OSUN STATE, NIGERIA

This study examined the impact of socio-economic characteristics on the performance of small-scale enterprises in the study area. It also identified the salient impacts of socio-economic traits on the development and expansion of small-scale enterprises in the country; established the productive prospects of progressive small-scale enterprises in the study area. The study was carried out in Osogbo, Osun State, Nigeria where copies of structured questionnaire were purposively administered on selected respondents. Evidence from the study shows that socio-economic characteristics of small scale entrepreneurs tend to influence the performance and productivity of Small Scale Enterprises in Nigeria. Further analysis shows that gender, age and educational qualification had significant influence on the performance of the selected small-scale enterprises in the study area . The paper suggests integrated approach to the development of individual entrepreneurial capacity and promotion of sustainable small-scale enterprises.