FINANCIAL LITERACY AND SUSTAINABILITY OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN BENIN METROPOLIS, EDO STATE
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Abstract
The study investigated the financial literacy and sustainability of small and medium enterprises (SMEs) in Benin Metropolis, Edo State. The research design adopted for this study is the descriptive survey research design. The population for this study was made up of all small scale business owners in Benin City, Edo State. According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), there are 69,104 registered small scale businesses in Benin City, Edo State. The study’s sample size consisted of 100 small-scale business owners which were selected from four communities in Benin City, Edo State: Uselu, Oluku, Isihor, and Egor. The data collected for this study was analyzed using frequency counts and simple percentages while the hypotheses for the study were tested using chi-square method.
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