Government Policies and Programmes on Financing Micro, Small and Medium Enterprise in Nigeria

Description

– Government Policies and Programmes on Financing Micro, Small and Medium Enterprise in Nigeria –

Download Government Policies and Programmes on Financing Micro, Small and Medium Enterprise in Nigeria. Students who are writing their projects can get this material to aid their research work.

Abstract

Adequate supply of financial resources is a necessary condition for the survival of any business. This study tends to review government policies and programmes on financing MSMEs in Nigeria.

Both primary and secondary data were employed to arrive at the results with the use of the statistical method of testing hypothesis chi-square (X2) 13.62 > 9.49 the calculated value is greater than the critical or table value.

The results reveal that there is a significant effect between government policies/programmes towards the growth and development of MSMEs in Nigeria.

This study recommend that government should not relent in its effort of creating more awareness and enlightenment campaign about its policy and programmes and MSMEs should use the said loan or government grant on the purpose the loan/grant is meant for through strict supervision of project by the government agent.

Introduction

1.1 Background of the Study

The financing of micro, small and medium enterprises investment is today the major pre-occupation in various economies in the world and Nigeria in particular,

there is a general consensus among such enterprises stakeholders in the country that accessing finances and financial services is the major problems affecting the sector and the economy.

Adequate and access financing is a necessary condition for the survival of any business enterprise and considering the fact that the contribution of micro small and medium enterprise to employment generation and capacity building.

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