Small and Medium Enterprises' Challenges of Accessing Microfinance in Nigeria

Atsede Woldie (Golygydd), Uruemuesiri Ubrurhe

    Allbwn ymchwil: Pennod mewn Llyfr/Adroddiad/Trafodion CynhadleddPennodadolygiad gan gymheiriaid

    Crynodeb

    Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments (Gideon, 2015). This has resulted in unpalatable consequences on the economy (Gideon, 2015). The major challenge of the sector is poor funding (Afolabi & Ehinomen, 2015). Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector (Afolabi & Ehinomen, 2015). According to Onwumere, (2000) a lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks. Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments. This has resulted in unpalatable consequences on the economy. The major challenge of the sector is poor funding. Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector. A lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks.
    Iaith wreiddiolSaesneg
    TeitlFinancial Entrepreneurship for Economic Growth in Emerging Nations
    GolygyddionAtsede Woldie, Brychan Thomas
    CyhoeddwrIGI Global
    Tudalennau229-253
    ISBN (Electronig)9781522527015
    ISBN (Argraffiad)9781522527008
    Dynodwyr Gwrthrych Digidol (DOIs)
    StatwsCyhoeddwyd - Gorff 2017

    Cyfres gyhoeddiadau

    EnwFinancial Entrepreneurship for Economic Growth in Emerging Nations
    ISSN (Argraffiad)2327-5677
    ISSN (Electronig)2327-5685

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