International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Electricity Insecurity and the Performance of Small Scale Businesses in Akoko Area of Ondo State, Nigeria
Olabode David OLATUNJI

The purpose of this study is to determine the effect of electricity insecurity on the performance of small scale businesses in the Akoko area of Ondo State, Nigeria. A descriptive research design was utilized for the study. Multiple regression technique was used to establish the relationship among the study variables. The results from the analysis revealed that capacity of electricity supply, duration of electricity supply and reliability of electricity supply had significant positive relationship with the performance of small businesses. However, results from the study could not establish a relationship between cost of electricity supply, quality of electricity supply and the performance of small businesses. The study concluded that it is essential to have stable electricity supply to promote the growth of small businesses in Nigeria. The study recommended that efforts should be made by the relevant electricity distribution company to increase the capacity of energy supplied to small businesses.

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