small and medium enterprises in Nigeria: Problems and prospects

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dc.contributor.authorKadiri, I.B
dc.date.accessioned2018-05-23T10:58:13Z
dc.date.available2018-05-23T10:58:13Z
dc.date.issued2008-09-12
dc.description.abstractit is evident from literature that the role of small and medium enterprise (SMEs) development for employment generation, wealth creation, poverty reduction and economic development still need be investigated in developing economies of the world. the SMEs is believed to have played dominant role in the growth and development of the Asian Tiger and other developed economies of the world. it served as the engine room used to energize the economy for better performance. however, in the last two decades, overt efforts have been put in place in Nigeria to promote the sector in order to reposition the economy from its ailing state. various programmes were put in place to achieve these objectives. the paper observe that jack of adequate market. inadequate finance, lack of indigenous technology , dearth of research and development, unfavorable government policies and poor infrastructure facilities have often belittle these efforts. the paper is therefore, of the opinion that upgrading and expansion of infrastructures such as good roads and electricity must be vigorously pursued. also, there is the need by Banks to streamline and simplify the regulatory procedures so as assist the SMEs to obtain finance at the least costs. the paper is also of the view that SMEs should improve on its production process and quality control to meet export standard.en_US
dc.description.sponsorshipself Sponsoreden_US
dc.identifier.urihttp://hdl.handle.net/123456789/275
dc.language.isoenen_US
dc.publisherDepartment of Business Administration, University of ilorin, ilorin, Nigeriaen_US
dc.subjectSMEs,en_US
dc.subjectEconomy development,en_US
dc.subjectProblemen_US
dc.subjectprospecten_US
dc.titlesmall and medium enterprises in Nigeria: Problems and prospectsen_US
dc.typeArticleen_US

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