Repositioning Micro and Small Enterprises (MSEs) in Orumba South L.G.A. Of Anambra State

Abstract

This article focused on poor performance of micro and small-scale industries (MSEs) in Nigeria and how to reposition them for more effective performance. Some of the problems that hinder effective performance of these enterprises were identified. Three research questions were formulated. Questionnaire and oral interview were used for data collection. Mean was used for data analysis. Findings reveal that non-availability of capital, inability to obtain loans from banks, lack of government encouragement and financial support, poor record-keeping and Poor internal control measures, inconsistent tax polices, etc, were some of the problems hindering effective performance of MSEs in Orurnba South L.G.A. of Anarnbra State. Based on the findings, some useful recommendations and suggestions for the way forward were also proffered.

Keywords: MSEs