Browsing by Author "MANGS, Niri Job"

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    EFFECT OF BANK’S CREDIT ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA
    (Ilorin Journal of Human Resource Management (IJHRM) Vol.3, No.2, 2019, 2019) YUNUS AbdulrasheedBolaji; LAWAL, Rodiat Yetunde; MANGS, Niri Job; Abdulrafiu, Daud
    Small and Medium Scale Enterprises (SMEs) performance is largely connected with availability of banks’ credit as this enhances investment, thereby contributing to the overall development of the economy. Specifically, the study evaluated the relationship between Deposit Money Banks’ (DMBs) credit variables such as banking sector credit, lending rate and savings and time deposit on performance of the SMEs. The study’s population was the SMEs in Nigeria. The study employed secondary data obtained from the Central Bank of Nigeria’s Statistical Bulletins for a period of twenty-five years (1992-2016). The data obtained were subjected to fully modified least square regression analysis. Findings reveal that banking sector credit and savings and time deposits with DMBs have a positive and significant effect on SMEs performance at 5% significance level (with pv of 0.0006 and 0.0459, respectively). However, lending rate has a negative and significant relationship with SMEs performance at 5% significant levels (0.0351). Based on the findings, the study concluded that DMBs credits have significant effect on SMEs performance in Nigeria. Therefore, DMBs should keep interest rate at its minimum as this will enhance the provision of adequate finance to expand SMEs operation which will thus have a significant effect on the performance of this sector.