Risk Financing Techniques and Business Survival among Electronic Dealers in Lagos State, Nigeria

Abstract

Risk financing is a critical element of a resilient future and important metrics in preservation of lives, property and business. This study assesses the relationship between risk financing techniques and business survival among small and medium size enterprises using electronic dealers at Alaba International Market, Ojo, Lagos as a study sample. The study adopted a convenience sampling technique with the population that consists of the total number of electronic dealers at the market; simple regression statistical technique was employed and the result affirms the prominence of risk financing techniques in the survival of business of electronic dealers in Lagos, Nigeria. Recommendations from the study include packaging of insurance services to attract business owners and to make insurance products affordable to improve on their behavioural attitudes to risk.