Finance Management in Small and Medium Scale Enterprises in Nigeria: Problem and Prospects
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 12
Abstract
The issue of Small and Medium Scale Enterprises rising today and closing up tomorrow has become a cause of concern to researchers and stakeholders of the SMEs sub sector. This has led to many studies in that direction one of which is this discourse on Finance Management in Small and Medium Scale Enterprises in Nigeria: Problem and Prospects. The study investigated access to sources of fund for SMEs in Nigeria; identified problems of finance management for SMEs in Nigeria; examined how the nation’s financial policies have helped SMEs in Nigeria in finance management and having inferred from qualitative and quantitative reports of studies, it discovered that the major problem of the SMEs in financial management lies in planning which is the consequence of its formation process that is influenced by the political and economic environment of Nigeria. Therefore, the study using the budgetary approach discussed the prospects of the SMEs in Nigeria, and thus made recommendations. Keywords: Small and Medium Scale Enterprises, Finance ¸ economic environment, Nigeria
Authors and Affiliations
Zukbee Sirah, Gbegeh Boobura D, Tordee Barikui, Abbey-Kalio Boma
Keywords
Related Articles
- EP ID EP383200
- DOI -
- Views 92
- Downloads 0
Municipal Solid Waste Management - A case study of Srinagar city
Municipal solid waste management (MSWM) is one of the major environmental problems of Indian cities. Improper management of municipal solid waste (MSW) causes hazards to inhabitants. Solid wastes constitute a growing pro...
Econometric Modeling of Commercial Banks’ Expenditure on the Sources of Profit Maximization in Nigeria
This paper investigated the most profitable source(s) of profit maximization in commercial banks in Nigeria as a result of the available records from CBN. The data sets were based on the post-merger monthly income and ex...
Bureaucracy in Iran: Helpful or Harmful
In Iran, we hear repeatedly this sentence informed by conscious experts that "Iran suffers from bureaucracy weaknesses."What does this topic mean? Because if the bureaucracy is harmful why does its weakness worry us. Thi...
ICT for Economic Growth in Global Recovery
Abstract: The intention of this paper is to examine the role of ICT for economic growth in global recovery. Focusing on the transformational opportunities posed by the global economic turmoil, information and communicati...
Alternative Energy Sources – Implication for the Nigerian Economy
Since the discovery of oil in commercial quantity in Nigeria in 1956 and the oil boom of 1970s, oil has dominated the economy of the country. In Nigeria, oil accounts for more than 90 percent of the country’s exports, 25...