Download This PaperMicro Economics Variables: Evidence on Credit Facility Obtained by SMEs in Nigeria
American Based Research Journal, Vol. 8 Issue 12, December 2019
11 Pages Posted: 22 May 2020
Date Written: December 26, 2020
Abstract
The study evaluated microeconomic variables namely interest rate exchange rate and inflation rate on credit facility obtained by Small and Medium Enterprises (SMEs) in Nigeria. The study employed ex post facto research design. Data were extracted from the Central Bank of Nigeria statistical bulletin from 1990 to 2018. The study found out that a significant relationship exists between the three independent variables namely interest rate, exchange rate, inflation rate and the dependent variable i.e credit facility. The study therefore concluded that the government should work and bring in policies that will reduce the interest rate, exchange rate and inflation rate in the country so as to help SMEs to grow.
Keywords: Exchange rate, interest rate inflation rate, credit facility, and Small and Medium Enterprises (SMEs)
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