Factors Affecting the Development of Small Medium Enterprises in the Niger Republic: An Exploratory Study

Abstract

The Republic of Niger has recently witnessed growth in young entrepreneurs in a wide range of sectors. However, many obstacles could impede the development of these entrepreneurs. This study examines the factors affecting the development of small-medium enterprises in the Niger Republic. Factor analysis was conducted using primary data provided by entrepreneurs. The results of the study showed that the most important factors for the development of small and medium enterprises in the Niger Republic was the "internal structure of the enterprise", followed by the “characteristics of the entrepreneurs”, and finally the “external environment of the enterprise”. The study concludes with some recommendations for policymakers and educational institutions to promote small and medium enterprise productivity and stimulate entrepreneurial enthusiasm among the youth.