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Financing Initiatives for Indigenous Entrepreneurs in SMES: The Nigerian Experience

Moses, Chinonye, Love (2008) Financing Initiatives for Indigenous Entrepreneurs in SMES: The Nigerian Experience. International Journal of Investment and Finance, 1 (1 & 2). pp. 22-41.

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Small and Medium Enterprises (SMEs) have been recognized by both developed and less developed countries as instruments for economic development. Their importance has been identified in the areas of employment generation, wealth creation, dispersal of industries and support for the growth of nations' GOP. However, some challenges retard their performance and among these, finance has been identified to be the major challenge facing this sub-sector. In solving this problem, efforts have been made by state government, federal government, and other international organizations in formulating different financing strategies. This study focuses on the evaluation of the various financing strategies available to Nigerian entrepreneurs in SMEs. Secondary data was used for the was recommended that the government should device a means of monitoring the performance of the institutions established to advance funds to SMEs such as SMIES, B01 and NACRDB to ensure that they are actually giving out funds to SMEs operators

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 12 May 2014 11:06
Last Modified: 19 Feb 2016 09:05

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