ASSESSING THE ROLE OF SMALL AND MEDIUM ENTERPRISES IN SUSTAINABLE BUSINESS PRACTICES IN LOKOJA, KOGI STATE

Abstract

This study focuses on the role of Small and Medium Enterprises in Promoting Sustainable Business Practices in Lokoja, Kogi State. Questionnaires were personally administered and followed up by interviews to obtain information for the study, while 115 questionnaires were used for the study. Descriptive statistics such as tables and Graph Chart and the 5-point Likert scale rating. The findings of the study reveal that a significant number of Small and Medium Enterprises have already taken active steps in implementing sustainable initiatives, which include renewable energy adoption and environmental certification, waste management and water conservation, sourcing materials and suppliers locally and digital transformation. key barriers faced by Small and Medium Enterprises in embracing sustainable practices include financial constraints, limited access to resources such as knowledge and technology, and inadequate support from the government or other organizations. The study recommended that government and relevant organizations should design and implement specialized support programs to assist Small and Medium Enterprises in adopting sustainable practices. To alleviate the financial constraints faced by Small and Medium Enterprises when adopting sustainable practices, the government should consider providing financial incentives such as tax breaks, grants, or low-interest loans specifically tailored for sustainable initiatives.