Adoption of Alternative Energy Sources and Business Sustainability of Small and Medium Enterprises in Nigeria

Small and medium-sized businesses (SMEs) form a critical component of the economic growth of Nigeria as they play a significant role in generating jobs, inventing new technologies, and value addition. However, such companies are significantly disadvantaged by an unstable power supply, which has an unfavourable impact on their sustainability. The continuous use of diesel and petrol generators increases the cost of operations, reduces productivity and negatively impacts the sustainability of the environment. In spite of the few alternative energy solutions that have been advanced as effective solutions, there has been little empirical evidence to determine how certain determinants of adoption affect SME resilience. As such, the current research examined how adoption of alternative energy affects the sustainability of the SMEs located in the Abeokuta Metropolis, Ogun State, and specifically the aspects of affordability, reliability and maintenance costs. The survey research design was adopted. The sample size