small and medium scale enterprises in nigeria: theproblems and prospects

small and medium scale enterprises in nigeria: theproblems and prospects


ABSTRACT

Small and medium scale enterprises have long believed to be catalysts for economicgrowth and national development both in developed and developing countries. In Nigeriawhere private sector is not well developed SME is assumed to play the role of employment generation, facilitator of economic recovery and national development. Thepaper examined small and medium scale enterprises in Nigeria and in relation to thosechallenges which affects SMEs from developing capacity to realizing its full potentials as well the prospect for improvement and development for employment generation,economic growth and national development. It is suggested therefore that invigorating SMEs with strengthened commitment to economic reform would offer a turning point in facilitating the recovery of Nigeria economy and national development