SMEs Financing in Nigeria
FINANCING SMEs EXPLAINED IN DETAILS The importance of finance to business organization cannot be overemphasized. Business finance is however,not easy to come by especially in respect to SMEs. Yet they require funds from every source available to meet their asset needs,working capital needs,and for expansion. According to Ekpen Yong and Nyong (1992), there is wide […]
Challenges/ Problems of SMEs in Nigeria
CHALLENGES FACING SMEs IN NIGERIA In the last episode, we discussed the THE NEXUS BETWEEN SMEs AND ECONOMIC GROWTH.This episode will focus on the challenges facing SMEs in Nigeria. They include: Lack of Managerial Skills In running effective SMEs in Nigeria, efficient and effective managerial skills are required. Many SMEs lack the basic skills, techniques […]
The Nexus Between SMEs and Economic Growth
Nexus Between SMEs and Economic Growth In the last episode, we discussed the CONCEPTUAL CLARIFICATION of SMEs. In this episode, we will focus on the nexus between SMEs and Economic Growth. The word “NEXUS” in the context of the subject refers to connection between SMEs and Economic Growth SMEs have been recognized as an important […]
SMEs (A Catalyst for Economic Growth and Development in Nigeria): Conceptual Clarification
Our SMEs journey started with the INTRODUCTION on SMEs as A CAtalyst for Economic Growth and Development in Nigeria. Today we will talk about the CONCEPTUAL CLARIFICATION of SMEs. There is no generally accepted definition of a “small” business because the classification of firms as large or small is a subjective and qualitative judgement. SMEs […]
SMEs (A Catalyst for Economic Growth and Development in Nigeria): INTRO
Introduction Does the acronym “SMEs” ring a bell??? No? What does it stand for? Yes? What does it mean to you? It couldn’t be more explanatory elsewhere… Let us quickly take a look at SMEs as A catalyst for economic growth and development in Nigeria. Small and medium scale enterprises (SMEs) are largely viewed […]