Corpus ID: 59136977

Small and Medium Scale Enterprises Financing and Economic Growth in Nigeria

@article{Onakoya2013SmallAM,
  title={Small and Medium Scale Enterprises Financing and Economic Growth in Nigeria},
  author={A. B. Onakoya and I. O. Fasanya and H. D. Abdulrahman},
  journal={European Journal of Business and Management},
  year={2013},
  volume={5},
  pages={130-136}
}
  • A. B. Onakoya, I. O. Fasanya, H. D. Abdulrahman
  • Published 2013
  • Economics
  • European Journal of Business and Management
  • This study examines the impact of financing small scale enterprises on economic growth in Nigeria, using a quarterly time series data from 1992 to 2009. The study combined several econometric estimation techniques. The findings shows that loan to small scale entrepreneurs have a positive impact on the economic performance while interest rate has a negative impact on economic growth. The study thereby concludes that the greatest or worst problem confronting SMEs in Nigeria is managerial capacity… CONTINUE READING

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