Government Roles and Business Sustainability of Selected Small and Medium Scale Enterprises in Ogun State, Nigeria

Small and Medium Enterprises (SMEs) in a developing country contribute signicantly to economic empowerment, poverty alleviation and income re-distribution of the nation, thereby improving the revenue growth of the government. In spite of these available benets, SMEs in Ogun State, Nigeria are still being infested with deciencies in sustainability specically in the areas of economy and governance. While several studies have investigated the role of government support on these two dimensions in various sectors, less attention has been given to its impact on business sustainability - economic and governance specic in Ogun State, Nigeria. Hence this study examined the effect of government roles on business sustainability of selected SMEs in Ogun state, Nigeria. Specically, the study examined the effect of government roles on economic sustainability and business governance of selected SMEs in Ogun State, Nigeria. The study adopted survey research design. The population comprised 1557 owners/managers of selected SMEs in Ogun State, Nigeria. The study adopted a sample size of 403 using Krejcie and Morgan (1970) sample size determination method with a well-structured adapted questionnaire, having a Cronbach's alpha reliability coefcients ranging from 0.719 to 0.823. Four hundred and three questionnaires were administered on the survey participants with a response rate of 93.6.9%. Collected data was analyzed using descriptive and inferential statistics. Multiple regression method of data analysis was adopted. Findings showed that government roles had positive signicant effect on business sustainability in selected SMEs in Ogun State, Nigeria (Adj.R2 = 0.421; F(4, 381) = 70.200; p < 0.05). Specically, the results revealed that government roles had a signicant positive effect on economic sustainability (Adj.R2 = 0.268; F (4, 381) = 35.790; p < 0.05), and business governance (Adj.R2 = 0.316; F(4, 381) = 44.977; p < 0.05). The study concluded that government roles enhanced business sustainability and governance in selected SMEs in Ogun State, Nigeria. The study recommended that government decision makers should promote accessible nancial support mechanisms and governance among SMEs in Nigeria for their sustainability.