Financing Of Small And Medium Scale Enterprises In Enugu State Nigeria (A Study Of Enugu State)

📄 Project Abstract

Small and Medium Scale enterprises are important in the economic development of many countries (Braun, 2003a, Eunni, Brush & Kasuganti, 2007; Golding, Donaldson, Tennant & Black, 2008; Berisha-Namani, 2009). Small and medium scale enterprises aid economic developments of nations given its role in employment generation at low investment cost and also the development of entrepreneurial capabilities and indigenous technology (Gunu, 2004). Aside from these, Aremu (2010) notes that SMEs growth are associated with reduced flow of people from rural area to urban areas Against this backdrop, successive governments decided to take a major rethink to this public sector domination of the economy and therefore embarked on systematic deregulation of the economy. The ultimate goal is to make the sector amenable for others to come in, participate and compete. The expectation is that through the process, small and medium scale enterprises will come on stream. Analysis of some developed and industria...