EFFECT OF SMES PERFORMANCE ON THE DEVELOPMENT OF CALABAR
METROPOLIS

DR (MRS) MBOTO, HELEN WALTER – ibitammboto@gmail.com
EDOM, EDOM ONYAM- edomedomonyam@yahoo.com
DEPARTMENT OF BANKING & FINANCE, FACULTY OF MANAGEMENT SCIENCES,
UNIVERSITY OF CALABAR, P.M.B. 1115 CALABAR, CROSS RIVER STATE, NIGERIA.

ABSTRACT
This study examined the effect of SMEs performance on the development of the Calabar Metropolis. The
specific objectives were to examine the effect of SMEs employment generation, SMEs utilization of local
raw materials and SMEs sales level on the development of Calabar Metropolis. To achieve these objectives,
a well-structured questionnaire was developed and administered on 307 sampled registered SMEs in
Calabar Metropolis. Out of these questionnaires 298 were duly completed and returned. These responses
were coded and used for analyses with the help of the SPSS software. The cross-sectional survey design
was adopted and the ordinary least squared multiple regression technique was used to analyze the data.
From the analyses it was discovered that SMEs utilization of local raw materials has a positive but
insignificant effect on the development of Calabar Metropolis. Also, SMEs employment generation has a
positive but insignificant effect on the development of Calabar Metropolis. Lastly, SMEs’ sales level had a
positive and significant effect on the development of Calabar Metropolis. Relying on these findings, the
study recommended that government should encourage SMEs activities by subsidizing the cost of their
inputs and reducing the level of tax imposed on them
as well as providing non interest funds for their
expansion and growth. Lastly, the masses should be reoriented on the needs to patronize SMEs as this will
increase the patronize SMEs product, raise their sales level and fast track their growth.
Keywords: Small and Medium Enterprises, Utilization of Raw Materials, Economic activities, Economic
Growth

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