Home » Accounting » GOVERNANCE AND STRATEGY ON SMALL SCALE ENTERPRISE IN NIGERIA

GOVERNANCE AND STRATEGY ON SMALL SCALE ENTERPRISE IN NIGERIA

Sold By: Joe Project Store | Item Type: Project Material | Report this?  |  Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 5,408 times

Delivery: Within 24 hours

Abstract

This study assesses the financing option available to Small and Medium Scale Enterprises (SMEs) in Nigeria, using a total sample of 84 SMEs drawn from Benue and Nasarawa States as case study for a study period of 2007-2009. Mean scores and standard deviation were used to present and analyze the primary data obtained via questionnaires. Correlation was used to substantiate whether there is similarity in the inherent identified problems of each financing option. Simple percentages combined with mean scores were used to test hypothesis one while Chi-square was used to test hypothesis two. The result/findings show that SMEs are significantly financed by informal sources of finance than the formal sources of finance. Even SMEEIS, as a seemingly more organized formal financing option, has not made any significant impact towards SMEs growth in Nigeria. Corporate governance has been identified to be lacking in our predominant SMEs which is why their funding problem still subsists. The major recommendation is that Capacity building and sensitization programmes for all registered SMEs should be put in place by government to train them on the basics of corporate governance mechanisms needed to grow the enterprises to the highest level possible for the benefit of the Nigerian economy as a whole. Both the government and the banking sector should mutually agree on a credit guaranteed scheme strategy that will incorporate a risk-sharing arrangement as a way of encouraging the banks to channel funds to the SMEs sub sector for their growth and development which would translate into the national economic growth and sustainable economic development of Nigeria.


Tags: Governance and strategy Impact of governance and strategy Evaluation of governance and strategy Small scale enterprise in Nigeria Assessment of small scale enterprise in Nigeria Optimization of small scale enterprise in Nigeria

This material content is developed to serve as a GUIDE for students to conduct academic research
Find What You Want By Category:
Assignments
Business Plans
e-Books
Journals
Project Materials
Proposals
Seminar Reports
Term Papers

Delivery: Within 24 hours

Advertise Here

For advertisement, call 08168958821

Not what you were looking for? Perform a search

What's your project topic?

Comment on Facebook:

See More Accounting Final Year Research Project Topics & Materials In PDF & Doc | iproject

More Project Material Departments