Responses to adjustment – the marginalization of small enterprises in Nigeria
The theory behind structural adjustment policies implies raised agricultural incomes in rural incomes, fewer regulatory constraints on small enterprises and greater opportunities to import and export. In this article a survey of small businesses in Nigeria reveals a less buoyant situation.Falling incomes have led to falling demand for the goods of small businesses, few businesses were able to afford imported inputs, and many domestically produced materials which were formerly available were now in short supply because they were being exported. A few enterprises have been able
to occupy high-income niche markets, but the majority are facing falling demand and increased competition.
Falling incomes have led to falling demand for the goods of small businesses, few businesses were able to afford imported inputs, and many domestically produced materials which were formerly available were now in short supply because they were being exported. A few enterprises have been able
to occupy high-income niche markets, but the majority are facing falling demand and increased competition.
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