ABSTRACT
The purpose of this study was to determine the
influence of small and medium scale on the economic growth in Nigeria. Small and
medium scale enterprises plays crucial role in providing social base for a
country's development. Perhaps. no other development strategy has enjoyed as
much as prominences in Nigeria development plans as the small and medium scale
enterprises (SMES). The broad objective of this study were to examine the
influence of small and medium scale enterprise_s on economic growth and
development in Nigeria. Objective one was to analyzed the factors that affect·
growth of small and medium scale enterprises in Nigeria, objective two was lo
estimate the relationship between small and medium scale enterprises in
Nigeria. while objective three was to examine the of trend growth in small and
medium scale enterprises and gross domestics product. objective four was to compare
the different between growth and GDP. Data was analyzed using multiple
regression, simple regression. trend model and t- test analysis. The study
shows that there is no significant relationship between small and medium scale
enterprises and the gross domestic product and there is increase in the output
as well as manufacturing capacity while profit reduces; four variables were
significant such as bank credits significant atl %, lending rate significant at
5%. gross fixed capital formation significant at 10%, manufacturing capacity
utilization significant at 5% which explained as the variable increases SMEs
increases. The study brought into focus the great potentials of the small and
medium scale enterprises on the economic growth in Nigeria. having the inherent
advantage of low capacity out-lay and high potential for employment creation,
diversification of economic base and disposal of enterprises in rural and urban
areas and equitable distribution of National income and resources.
UCHE, A (2023). Influence Of Small And Medium Scale Enterprises On Economic Growth In Nigeria (1990-2012). Mouau.afribary.org: Retrieved Dec 24, 2024, from https://repository.mouau.edu.ng/work/view/influence-of-small-and-medium-scale-enterprises-on-economic-growth-in-nigeria-1990-2012-7-2
A, UCHE. "Influence Of Small And Medium Scale Enterprises On Economic Growth In Nigeria (1990-2012)" Mouau.afribary.org. Mouau.afribary.org, 26 Sep. 2023, https://repository.mouau.edu.ng/work/view/influence-of-small-and-medium-scale-enterprises-on-economic-growth-in-nigeria-1990-2012-7-2. Accessed 24 Dec. 2024.
A, UCHE. "Influence Of Small And Medium Scale Enterprises On Economic Growth In Nigeria (1990-2012)". Mouau.afribary.org, Mouau.afribary.org, 26 Sep. 2023. Web. 24 Dec. 2024. < https://repository.mouau.edu.ng/work/view/influence-of-small-and-medium-scale-enterprises-on-economic-growth-in-nigeria-1990-2012-7-2 >.
A, UCHE. "Influence Of Small And Medium Scale Enterprises On Economic Growth In Nigeria (1990-2012)" Mouau.afribary.org (2023). Accessed 24 Dec. 2024. https://repository.mouau.edu.ng/work/view/influence-of-small-and-medium-scale-enterprises-on-economic-growth-in-nigeria-1990-2012-7-2