Critical Success Factors and the Growth of Small-Scale Enterprises in Federal Capital Territory (FCT) Nigeria (Published)
This research looks at the Critical Success Factors that have an impact on small business growth in Nigeria, particularly in the Federal Capital Territory (FCT). Even though they play a crucial role in economic diversification, job creation, and poverty reduction, the majority of Nigerian small enterprises are unable to expand past the limitations imposed by several operational and structural factors. In order to promote enterprise growth in terms of revenue growth, job creation, and asset expansion based on the linkages among the study variables, the study looks at three factors: education, entrepreneurship attributes, and access to financing. The results show that while entrepreneurial traits and education showed large positive connections, access to financing and SME growth had a moderate but significant positive link.In order to promote sustainable business growth, the findings highlight the significance of a multipronged approach that incorporates financial inclusion, entrepreneurial development, and educational support. In order to increase the performance and resilience of small-scale businesses in the FCT and elsewhere, the report suggests targeted financial policies, better institutional support, and organized entrepreneurial education programs.
Keywords: Access To Finance, and entrepreneurial qualities, enterprise growth, small scale enterprises