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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Small and medium scale enterprises: the Nigerian experience
Author:Olusoji, M.O.
Periodical:The Nigerian Journal of Economic History
Geographic term:Nigeria
Subject:small enterprises
Abstract:In recognition of the development potential of small and medium-scale enterprises (SME) the government of Nigeria has designed and executed various programmes to encourage their growth. These include tax incentives, export promotion incentives, credit facilities and institutional support. Despite these measures, SMEs are still plagued by many problems. Amongst these problems are inadequate finance, lack of functional infrastructural facilities, a high rate of business failure, conflicting government policies, administrative and institutional bottlenecks, poor product quality, lack of awareness of incentive and credit facilities, poor financial management and indiscipline. The author concludes with a list of policy recommendations for government in the sphere of SME promotion and development. Ref. [ASC Leiden abstract]