SMEs Financing and Its Effects on Nigerian Economic Growth

European Journal of Business, Economics and Accountancy, Vol. 4, No. 4, 2016

18 Pages Posted: 23 Feb 2018

See all articles by J. N. Taiwo

J. N. Taiwo

Covenant University - Department of Banking and Finance

Temitope O. Falohun

Independent

Professor Edwin Agwu

Regent University College of Science and Technology

Date Written: 2016

Abstract

Small and Medium Enterprises play key roles in transition and developing countries (OECD, 2002). These firms typically account for more than 90% of all firms outside the white-collar jobs sector, constituting a major source of employment and generates significant domestic and export earnings. OECD, (2005) stressed that SME development emerges as a key instrument in poverty reduction efforts, therefore, SME obviously contributes to economic, social development and poverty reduction. World Bank review on small business activities establishes the commitment of the World Bank Group to the development of the SMEs sector as a core element in its strategy to foster economic growth, employment and poverty alleviation (World Bank, 2012).

Keywords: SMES

Suggested Citation

Taiwo, J. N. and Falohun, Temitope O. and Agwu, Professor Edwin, SMEs Financing and Its Effects on Nigerian Economic Growth (2016). European Journal of Business, Economics and Accountancy, Vol. 4, No. 4, 2016, Available at SSRN: https://ssrn.com/abstract=3122457

J. N. Taiwo

Covenant University - Department of Banking and Finance

P.M.B. 1023
Ota, Ogun State
Nigeria

Temitope O. Falohun

Independent

Professor Edwin Agwu (Contact Author)

Regent University College of Science and Technology ( email )

No. 1 Regent University Avenue, McCarthy Hill
Accra
Ghana, 7500
Ghana

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