Enhancing the Growth of Small and Medium Scale Enterprises (SMEs): The Nigeria Paradox

Ayodele Thomas and Ajewole Olaniyiolowu

International Journal of Management Sciences, 2016, vol. 7, issue 3, 145-151

Abstract: Small and Medium Scale Enterprises (SMEs) is an essential element in the growth strategy of most economies and Nigeria in particular, by representing a vehicle for the achievement of natural economic objectives of employment generation and poverty reduction at low investment cost as well as the development of entrepreneurial capabilities including indigenous technology. The paper examined some enviable policies and funding channels put in place by the Nigeria government over the years at boosting SMEs and it was discovered that all the attempts have not yielded the desired result. This is due to the fact that policies initiated are not being properly implemented and funds not properly monitored from the concerned sources to the ultimate users. Hence the growth and the development of SMEs has been marred by corruption and structural decadence ravaging the economy. Suggestions were therefore made on the way forward in revamping SMEs sub sector so that the economy can benefit maximally from the sector like other nations of the world.

Keywords: Small and Medium Scale Enterprises; Commercial Banks; Entrepreneurs; Traditional Financial institutions. (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://rassweb.org/admin/pages/ResearchPapers/Paper%203_1497445033.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rss:jnljms:v7i3p3

Access Statistics for this article

More articles in International Journal of Management Sciences from Research Academy of Social Sciences
Bibliographic data for series maintained by Danish Khalil ().