Impact of Government Policy on Entrepreneurship Growth and Development of Small-Scale Business in Jos South and Jos North Local Government Area of Plateau State

Abstract

The development of entrepreneurship and small-scale businesses has led to economic growth in most countries and it is safe to say that entrepreneurship is an important driving force of business growth. Government policies can either make or break the growth of entrepreneurship and small-scale businesses. This study examines the Impact of Government Policy on Entrepreneurship Growth and Development of Small-Scale Businesses in Jos-South and Jos-North local government area of Plateau state. The population of 400 small businesses was sampled 200 in Jos-South and 200 in Jos-North. The descriptive survey research was adopted. The primary data methodology was used through the aid of a well-structured questionnaire and interviews. The Pearson’s product-moment correlation coefficient was used to analyze the sourced data from the field to answer the research questions raised for the study. The independent variable in this study is government policy measured by entrepreneurship policy interventions, fiscal and monetary policies while the dependent variable is entrepreneurship and small scale business growth and development. Findings from this study shows that entrepreneurship policy interventions have not significantly contributed to business growth due to weak implementation, limited access, and inadequate infrastructure. Monetary policy shows a partial effect, mainly through credit provision, but lacks strong influence on broader economic conditions. In contrast, fiscal policy demonstrates a relatively strong positive effect, particularly in promoting output growth and economic stability. This study recommends that Strengthen Policy Implementation Frameworks, Increase Access to Affordable Financing and Enhance Infrastructure Development.