Table 3.
Strategies and policies being practiced in Nigeria could be beneficial in fighting the prevailing economic crisis
| S/N | The prevailing strategies which could help Nigeria to fight the economic crisis | SA | A | U | D | SD | Total | Mean | S/D |
|---|---|---|---|---|---|---|---|---|---|
| 13 | Reduction in tax and other regulatory charges for businesses | 110 | 114 | 79 | 14 | 0 | 1269.36 | 3.4682 | 0.4693 |
| 32% | 33% | 23% | 4% | 0% | |||||
| 14 | Improvement in the cost of doing business | 24 | 38 | 110 | 151 | 21 | 925.36 | 2.5283 | 1.2219 |
| 7% | 11% | 32% | 44% | 6% | |||||
| 15 | Increased regulation of importation | 134 | 79 | 72 | 34 | 24 | 1296.88 | 3.5434 | 0.4243 |
| 39% | 23% | 21% | 10% | 7% | |||||
| 16 | Creation of funds and grants for local businesses | 34 | 21 | 151 | 138 | 0 | 983.84 | 2.6881 | 1.0690 |
| 10% | 6% | 44% | 40% | 0% | |||||
| 17 | Technology and resource improvement | 17 | 86 | 162 | 79 | 0 | 1073.28 | 2.9325 | 0.8549 |
| 5% | 25% | 47% | 23% | 0% |
The table represents the level of agreement that the strategies and policies practiced in Nigeria could be beneficial to fight the prevailing economic crisis
SA strongly agree, A agree, U undecided, D disagree, SD strongly disagree, S/D standard deviation—a measurement of the data’s degree of dispersion with respect to the mean