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Operations of small and medium enterprises and the legal system in Nigeria

Author

Listed:
  • Daniel E. Ufua

    (Covenant University
    Covenant University)

  • Olusola J. Olujobi

    (Covenant University)

  • Mercy E. Ogbari

    (Covenant University)

  • Joseph A. Dada

    (Covenant University
    Covenant University)

  • Oluwatosin D. Edafe

    (Covenant University
    Covenant University)

Abstract

This research explored the effects of the legal system on SMEs operations in the Nigerian economy. The study aimed to address the gap in literature discussing the legal system and SMEs’ operations in Nigeria. It focused on learning about the current level of support of the legal system for SME operations and as well as suggesting an approach to enhance effective SMEs’ operations in Nigeria further. The current study applied a conceptual review, relying on extant literature relating to the antecedence of the Nigeria legal system, focusing on the critical factors affecting SME practices in Nigeria. A key finding is the importance of the legal system functions to SMEs practice in Nigeria. It also highlighted the weaknesses of the legal system in providing the needed backing and conducive business environment for SMEs in Nigeria. A model was proposed, depicting the need for restructuring of the legal system, improvised support of other government functionaries and other relevant stakeholders, to facilitate SMEs’ operations and enhance their contributions to the Nigerian economy. The research ends with the suggestion for further research to consider other research methodological approaches, the development of alternative dispute revolutionary measures, as well as a comparative study involving two or more economies in order to project further learning on the legal system and SMEs’ operations.

Suggested Citation

  • Daniel E. Ufua & Olusola J. Olujobi & Mercy E. Ogbari & Joseph A. Dada & Oluwatosin D. Edafe, 2020. "Operations of small and medium enterprises and the legal system in Nigeria," Palgrave Communications, Palgrave Macmillan, vol. 7(1), pages 1-7, December.
    • Handle: RePEc:pal:palcom:v:7:y:2020:i:1:d:10.1057_s41599-020-00583-y
    DOI: 10.1057/s41599-020-00583-y
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    References listed on IDEAS

    as
    1. Olusola Joshua Olujobi & Olabode Adeleke Oyewunmi, 2017. "Annulment of Oil Licences in Nigeria s Upstream Petroleum Sector: A Legal Critique of the Costs and Benefits," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 364-369.
    2. Odianonsen IYOHA & Olusola OLUJOBI & Olabode OYEWUNMI, 2017. "Application of the Laws of Defamation and Sedition in Nigeria s Jurisprudence Still Relevant," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(1), pages 59-68.
    3. repec:srs:journl:jarle:v:8:y:2017:i:3:p:956-970 is not listed on IDEAS
    4. Daniel E. Ufua & Odunayo P. Salau & Joseph A. Dada & Mosunmola O. Adeyeye, 2020. "Application of Systems Approach to Achieving Cleaner and Sustainable Environment: A study of Waste Dumping Issue on Idiroko Road, Ota, Ogun State, Nigeria," Working Papers 20/007, European Xtramile Centre of African Studies (EXCAS).
    5. Olusola OLUJOBI, 2017. "Legal Framework for Combating Corruption in Nigeria The Upstream Petroleum Sector in Perspective," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(3), pages 956-970.
    6. Daniel E. Ufua & Odunayo P. Salau & Joseph A. Dada & Mosunmola O. Adeyeye, 2020. "Application of Systems Approach to Achieving Cleaner and Sustainable Environment: A study of Waste Dumping Issue on Idiroko Road, Ota, Ogun State, Nigeria," Working Papers of the African Governance and Development Institute. 20/007, African Governance and Development Institute..
    7. Olabode Adeleke Oyewunmi & Omotayo Adewale Osibanjo & Hezekiah Oluwabusayo Falola & Olusola Joshua Olujobi, 2017. "Optimization by Integration: A Corporate Governance and Human Resource Management Dimension," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 265-272.
    8. Fridah Muriungi Mwobobia, 2012. "Role of Business Management into the Success and Survival of Small Businesses: The Case of Star Learning Centre in Botswana," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(1), pages 93-112, January.
    9. Daniel E. Ufua & Odunayo P. Salau & Joseph A. Dada & Mosunmola O. Adeyeye, 2020. "Application of Systems Approach to Achieving Cleaner and Sustainable Environment: A study of Waste Dumping Issue on Idiroko Road, Ota, Ogun State, Nigeria," Research Africa Network Working Papers 20/007, Research Africa Network (RAN).
    10. repec:srs:journl:jarle:v:8:y:2017:i:1:p:59-68 is not listed on IDEAS
    11. John O. Okpara, 2011. "Factors constraining the growth and survival of SMEs in Nigeria," Management Research Review, Emerald Group Publishing Limited, vol. 34(2), pages 156-171, January.
    12. Ayozie Daniel Ogechukwu, 2010. "Entrepreneurial developments and small scale industry contribution to Nigerian national development- A marketing interface," Information Management and Business Review, AMH International, vol. 1(2), pages 51-68.
    13. Olabode A. Oyewunmi & Olusola J. Olujobi, 2016. "Transparency in Nigeria s Oil and Gas Industry: Is Policy Re-engineering the Way Out?," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 630-636.
    14. Olusola Joshua Olujobi, 2020. "RETRACTED: Analysis of the Legal Framework Governing Gas Flaring in Nigeria’s Upstream Petroleum Sector and the Need for Overhauling," Social Sciences, MDPI, vol. 9(8), pages 1-19, July.
    15. Ufua, Daniel E. & Papadopoulos, Thanos & Midgley, Gerald, 2018. "Systemic Lean Intervention: Enhancing Lean with Community Operational Research," European Journal of Operational Research, Elsevier, vol. 268(3), pages 1134-1148.
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    Cited by:

    1. Henry Egbezien Inegbedion & Perejite Roseline Thikan & Joseph Olusegun David & John Oluwasayo Ajani & Fred Ojochide Peter, 2024. "Small and medium enterprise (SME) competitiveness and employment creation: the mediating role of SME growth," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    2. Daniel E. Ufua & Evans Osabuohien & Mercy E. Ogbari & Hezekiah O. Falola & Emmanuel E. Okoh & Adnan Lakhani, 2021. "Re-Strategising Government Palliative Support Systems in Tackling the Challenges of COVID-19 Lockdown in Lagos State, Nigeria," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(1), pages 19-32, June.
    3. Daniel E. Ufua & Olusola J. Olujobi & Hammad Tahir & Mamdouh Abdulaziz Saleh Al-Faryan & Oluwatoyin A. Matthew & Evans Osabuohien, 2022. "Lean Entrepreneurship and SME Practice in a Post COVID-19 Pandemic Era: A Conceptual Discourse from Nigeria," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 331-344, September.
    4. Olusola Joshua Olujobi & Elizabeta Smaranda Olarinde & Tunde Ebenezer Yebisi, 2022. "The Conundrums of Illicit Crude Oil Refineries in Nigeria and Its Debilitating Effects on Nigeria’s Economy: A Legal Approach," Energies, MDPI, vol. 15(17), pages 1-15, August.

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