Financial Inclusion and Small and Medium Enterprises Performance in Nigeria

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Department of Finance, University of Ilorin


Inclusive financial arrangement is becoming a global economies policy as it has been perceived as measure for improveJ1lellt ill Small and Medium. Enterprises (SMEs) output performance. Financial exclusion of SMEs investors had led to fall in SMEs output rate and continuous collapsed of SMEs. This study examines the effect of financial inclusion Oil SMEs performance in Nigeria. Data were subjected to Ordinary Least Squares technique. The results revealed that bank branches and money supply to circulation have positive and significantly affect SMEs performance while bank lending rate, bank liquidity ratio and loan to SMEs investors have positive but insignificant at 5 level of signijical1ce. The study concludes that there is high propensity for SM Es output growth rate to increase of' all the financial inclusion policies are well implemented by the Nigeria monetary authorities. The study therefore recommends that Nigeria government should put in place appropriate financial inclusion policies that enable SMEs easy access to loan facilities at reduce cost and government should stand as a grantor to the facility.



Financial Inclusion, SMEs Output, Performance, Nigeria Economy