Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria

Aliu Arinola Kafayat; Siyanbola Trimisiu Tunji; Okunade Richard Adeleye; Okedina Olusola Olakunle

doi:doi:10.11648/j.ijafrm.20220702.15

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Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria

Aliu Arinola Kafayat, Siyanbola Trimisiu Tunji, Okunade Richard Adeleye, Okedina Olusola Olakunle

Published in International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)

Received: 25 May 2022 Accepted: 13 June 2022 Published: 27 June 2022

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Abstract

The task of small scale businesses in the development of emerging nations has been perceived to be essential in conquering financial difficulties described by high rate of unemployment, high destitution rates and pay disparities, particularly in developing nations. The disruptions caused due to changed circumstances have led to the loss of revenue for businesses and exposed them to a vulnerable environment. Government grants and assistance as a tool for development and growth of small scale businesses are phenomenal. The study aimed at ascertaining the effect of government grant on employee performance of small scale businesses. Taking into account the challenges facing small scale businesses and provision of government grants in Nigeria, other specific objectives were aimed at Evaluating the effect of government training on employee performance of small scale businesses and secondly, To find out how lack of access to finance influences employee performance of Small scale businesses. Theoretical framework of the study was based on motivation theory. A cross sectional, explanatory and descriptive research design was employed and questionnaire was administered to 133 sampled respondents. Both descriptive and inferential statistics were used to analyze the data obtained. The findings of the study shows that government training has a positive effect on employee performance while a low relationship exist between lack of access to finance and employee commitment. The low value of multiple correlation of determination indicates that there are other important factors that affect the employee commitment other than lack of access to finance. The study concludes that government grant has a positive effect on employee performance and thus recommends that Government grants and assistance agencies should aim at helping Small scale businesses with different marketing strategies to guarantee that they comprehend the market.

Published in	International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)
DOI	10.11648/j.ijafrm.20220702.15
Page(s)	63-70
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Economy, Employee Performance, Government Grants, Performance, Small Scale Businesses

References

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APA Style

Aliu Arinola Kafayat, Siyanbola Trimisiu Tunji, Okunade Richard Adeleye, Okedina Olusola Olakunle. (2022). Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. International Journal of Accounting, Finance and Risk Management, 7(2), 63-70. https://doi.org/10.11648/j.ijafrm.20220702.15

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ACS Style

Aliu Arinola Kafayat; Siyanbola Trimisiu Tunji; Okunade Richard Adeleye; Okedina Olusola Olakunle. Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. Int. J. Account. Finance Risk Manag. 2022, 7(2), 63-70. doi: 10.11648/j.ijafrm.20220702.15

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AMA Style

Aliu Arinola Kafayat, Siyanbola Trimisiu Tunji, Okunade Richard Adeleye, Okedina Olusola Olakunle. Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. Int J Account Finance Risk Manag. 2022;7(2):63-70. doi: 10.11648/j.ijafrm.20220702.15

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@article{10.11648/j.ijafrm.20220702.15,
  author = {Aliu Arinola Kafayat and Siyanbola Trimisiu Tunji and Okunade Richard Adeleye and Okedina Olusola Olakunle},
  title = {Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {63-70},
  doi = {10.11648/j.ijafrm.20220702.15},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.15},
  abstract = {The task of small scale businesses in the development of emerging nations has been perceived to be essential in conquering financial difficulties described by high rate of unemployment, high destitution rates and pay disparities, particularly in developing nations. The disruptions caused due to changed circumstances have led to the loss of revenue for businesses and exposed them to a vulnerable environment. Government grants and assistance as a tool for development and growth of small scale businesses are phenomenal. The study aimed at ascertaining the effect of government grant on employee performance of small scale businesses. Taking into account the challenges facing small scale businesses and provision of government grants in Nigeria, other specific objectives were aimed at Evaluating the effect of government training on employee performance of small scale businesses and secondly, To find out how lack of access to finance influences employee performance of Small scale businesses. Theoretical framework of the study was based on motivation theory. A cross sectional, explanatory and descriptive research design was employed and questionnaire was administered to 133 sampled respondents. Both descriptive and inferential statistics were used to analyze the data obtained. The findings of the study shows that government training has a positive effect on employee performance while a low relationship exist between lack of access to finance and employee commitment. The low value of multiple correlation of determination indicates that there are other important factors that affect the employee commitment other than lack of access to finance. The study concludes that government grant has a positive effect on employee performance and thus recommends that Government grants and assistance agencies should aim at helping Small scale businesses with different marketing strategies to guarantee that they comprehend the market.},
 year = {2022}
}

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TY  - JOUR
T1  - Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria
AU  - Aliu Arinola Kafayat
AU  - Siyanbola Trimisiu Tunji
AU  - Okunade Richard Adeleye
AU  - Okedina Olusola Olakunle
Y1  - 2022/06/27
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.15
DO  - 10.11648/j.ijafrm.20220702.15
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 63
EP  - 70
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.15
AB  - The task of small scale businesses in the development of emerging nations has been perceived to be essential in conquering financial difficulties described by high rate of unemployment, high destitution rates and pay disparities, particularly in developing nations. The disruptions caused due to changed circumstances have led to the loss of revenue for businesses and exposed them to a vulnerable environment. Government grants and assistance as a tool for development and growth of small scale businesses are phenomenal. The study aimed at ascertaining the effect of government grant on employee performance of small scale businesses. Taking into account the challenges facing small scale businesses and provision of government grants in Nigeria, other specific objectives were aimed at Evaluating the effect of government training on employee performance of small scale businesses and secondly, To find out how lack of access to finance influences employee performance of Small scale businesses. Theoretical framework of the study was based on motivation theory. A cross sectional, explanatory and descriptive research design was employed and questionnaire was administered to 133 sampled respondents. Both descriptive and inferential statistics were used to analyze the data obtained. The findings of the study shows that government training has a positive effect on employee performance while a low relationship exist between lack of access to finance and employee commitment. The low value of multiple correlation of determination indicates that there are other important factors that affect the employee commitment other than lack of access to finance. The study concludes that government grant has a positive effect on employee performance and thus recommends that Government grants and assistance agencies should aim at helping Small scale businesses with different marketing strategies to guarantee that they comprehend the market.
VL  - 7
IS  - 2
ER  -

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Author Information

Aliu Arinola Kafayat

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Siyanbola Trimisiu Tunji

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Okunade Richard Adeleye

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Okedina Olusola Olakunle

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria

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Aliu Arinola Kafayat, Siyanbola Trimisiu Tunji, Okunade Richard Adeleye, Okedina Olusola Olakunle. (2022). Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. International Journal of Accounting, Finance and Risk Management, 7(2), 63-70. https://doi.org/10.11648/j.ijafrm.20220702.15

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ACS Style

Aliu Arinola Kafayat; Siyanbola Trimisiu Tunji; Okunade Richard Adeleye; Okedina Olusola Olakunle. Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. Int. J. Account. Finance Risk Manag. 2022, 7(2), 63-70. doi: 10.11648/j.ijafrm.20220702.15

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AMA Style

Aliu Arinola Kafayat, Siyanbola Trimisiu Tunji, Okunade Richard Adeleye, Okedina Olusola Olakunle. Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria. Int J Account Finance Risk Manag. 2022;7(2):63-70. doi: 10.11648/j.ijafrm.20220702.15

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@article{10.11648/j.ijafrm.20220702.15,
  author = {Aliu Arinola Kafayat and Siyanbola Trimisiu Tunji and Okunade Richard Adeleye and Okedina Olusola Olakunle},
  title = {Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {63-70},
  doi = {10.11648/j.ijafrm.20220702.15},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.15},
  abstract = {The task of small scale businesses in the development of emerging nations has been perceived to be essential in conquering financial difficulties described by high rate of unemployment, high destitution rates and pay disparities, particularly in developing nations. The disruptions caused due to changed circumstances have led to the loss of revenue for businesses and exposed them to a vulnerable environment. Government grants and assistance as a tool for development and growth of small scale businesses are phenomenal. The study aimed at ascertaining the effect of government grant on employee performance of small scale businesses. Taking into account the challenges facing small scale businesses and provision of government grants in Nigeria, other specific objectives were aimed at Evaluating the effect of government training on employee performance of small scale businesses and secondly, To find out how lack of access to finance influences employee performance of Small scale businesses. Theoretical framework of the study was based on motivation theory. A cross sectional, explanatory and descriptive research design was employed and questionnaire was administered to 133 sampled respondents. Both descriptive and inferential statistics were used to analyze the data obtained. The findings of the study shows that government training has a positive effect on employee performance while a low relationship exist between lack of access to finance and employee commitment. The low value of multiple correlation of determination indicates that there are other important factors that affect the employee commitment other than lack of access to finance. The study concludes that government grant has a positive effect on employee performance and thus recommends that Government grants and assistance agencies should aim at helping Small scale businesses with different marketing strategies to guarantee that they comprehend the market.},
 year = {2022}
}

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TY  - JOUR
T1  - Government Grants and Assistance on Employee Performance of Small Scale Businesses in Nigeria
AU  - Aliu Arinola Kafayat
AU  - Siyanbola Trimisiu Tunji
AU  - Okunade Richard Adeleye
AU  - Okedina Olusola Olakunle
Y1  - 2022/06/27
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.15
DO  - 10.11648/j.ijafrm.20220702.15
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 63
EP  - 70
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.15
AB  - The task of small scale businesses in the development of emerging nations has been perceived to be essential in conquering financial difficulties described by high rate of unemployment, high destitution rates and pay disparities, particularly in developing nations. The disruptions caused due to changed circumstances have led to the loss of revenue for businesses and exposed them to a vulnerable environment. Government grants and assistance as a tool for development and growth of small scale businesses are phenomenal. The study aimed at ascertaining the effect of government grant on employee performance of small scale businesses. Taking into account the challenges facing small scale businesses and provision of government grants in Nigeria, other specific objectives were aimed at Evaluating the effect of government training on employee performance of small scale businesses and secondly, To find out how lack of access to finance influences employee performance of Small scale businesses. Theoretical framework of the study was based on motivation theory. A cross sectional, explanatory and descriptive research design was employed and questionnaire was administered to 133 sampled respondents. Both descriptive and inferential statistics were used to analyze the data obtained. The findings of the study shows that government training has a positive effect on employee performance while a low relationship exist between lack of access to finance and employee commitment. The low value of multiple correlation of determination indicates that there are other important factors that affect the employee commitment other than lack of access to finance. The study concludes that government grant has a positive effect on employee performance and thus recommends that Government grants and assistance agencies should aim at helping Small scale businesses with different marketing strategies to guarantee that they comprehend the market.
VL  - 7
IS  - 2
ER  -

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