The Role of Small and Medium Enterprises in Sustainable Business Practices in Lokoja, Kogi State

Abstract

ABSTRACTS
The purpose of this study is to examine the role of small and medium enterprises in Lokoja, Kogi State. A
total of 115 questionnaires were used for the study, and each one was personally distributed and followed
up with an interview to gather data. descriptive statistics, including 5-point Likert scale ratings, graph
charts, and tables. The study's conclusions show that a sizable portion of small and medium enterprises
have already actively begun to implement sustainable initiatives. These initiatives include the adoption of
renewable energy and environmental certification, waste management and water conservation, local
sourcing of suppliers and materials, and digital transformation. The main obstacles that Small and
Medium-Sized Businesses encounter when adopting sustainable practices are budgetary limitations,
restricted access to resources like technology and information, and insufficient backing from governmental
or other groups. The report suggested that in order to help Small and Medium Enterprises adopt sustainable
practices, the government and pertinent organizations should create and implement specialized support
programs. The government should think about offering financial incentives, such as tax exemptions, grants,
or low-interest loans designed especially for sustainable initiatives, to help Small and Medium Enterprises
overcome the financial obstacles they experience while implementing sustainable practices.