ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA

Format: MS WORD | Chapter: 1-5 | Pages: 80 | 1552 Users found this project useful | Price NGN5,000

ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA

Abstract

This study tries to look at the accessibility of credit facility from financial institutions by small and Medium Scale Enterprises: Evidence from Nigeria. Small and Medium Scale Enterprises have been faced with poor funding when developing nations like ours are considered. This however distorts the outstanding function of SMEs as the engine and pivot for the economic growth and national development. No wonder Nigeria has continued to experience high level of emergence of new enterprises that would only exist for two to three years and fizzle out. This study has a broad objective of determining the degree of accessibility of credit facility by SMEs from the financial institution in Nigeria with such variables like government policies, collaterals, tax incentives etc. The study adopted the analytical survey method to gather information on the variables. The population was made up of all the financial controllers in the 360 manufacturing enterprises in the three states under study. We in turn used judgmental sampling technique to select the financial controllers in these manufacturing enterprises. Data were collected by means of questionnaires with response option graduated into a five- likert scale designed to capture information on the variables that affect SMEs. The linear regression analysis was used to test hypotheses one, three and four. One sampled t-test was used to test hypothesis two while a multiple regression analysis was used to test the multiple effects of three independent variables on credit accessibility. The result obtained using the test statistics shows a positive relationship between government policies, access to credit as the greatest problems facing SMEs, tax incentives, availability of collaterals as regards the accessibility of credit facility by SMEs. The research questions proved that international financial assistance abounds for SMEs. The study also showed that the level of the operation of SMEs has not improved when compared with other developed nations. SMEs in Nigeria are faced with numerous challenges and such has affected their performances. We therefore recommend that attention and support be given to the sub-sector so as to enhance their performance as the engine of growth and catalyst for socio-economic transformation in Nigeria. The study has provided opportunities for further research into other factors that could affect SMEs credit accessibility, in order to ascertain if such factors actually affect them in equal measures or not.

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study

A business whether small or big, simple or complex, private or public is created to either provide competitive prices make profit, provide social services or add value (Ayozie ,1999). Business in Nigeria has been classified as small, medium and large. However, (SMEs) Small and Medium Enterprises does not have a one way definition rather, its definition is best understood from its characteristic features; level of project costs, turnover, number of employees, ownership composition and capital outlay (Akinsurile,2006).

The Federal and State Ministries of Industry and Commerce have adopted the criteria of value of fixed capital to determine what Small and medium scale enterprises (SMEs) definition would be. The National Council of Industries defined SMEs as those businesses whose capital base excluding land is not more than N2m only and employee ranges from 10 to 300 persons (Akimade,1991). However, this value rose from N60, 000 in 1972, N159, 000 in 1975, N250, 000 in 1986 before rising to N2m in 1991. On the other hand, small and Medium Scale Industries development Act 2003 specified that SME employee rages from 10-199, Assets excluding land and building fall between (5 and 499) million Naira only.

DOWNLOAD THE COMPLETE PROJECT

Project information

Project Price

NGN5,000
Number of Pages

80
Number of Chapters

1-5
Additional Content

Abstract, Table of Contents and Questionnaire

ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA

Not The Topic You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005

Search for your project topic

HOW TO GET THE COMPLETE PROJECT ON ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA INSTANTLY

Click on the Download Button above.
Select any option to get the complete project immediately.
Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Abdulrazak Bello Marsha

Usman Dan fodio University

It was quite a better guide for project and paper presentation purpoting. Many thanks.

Average

Stancy M

Abia State University, Uturu

I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...

Excellent

JONNAH EHIS

Ajayi Crowther University, Oyo

I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!

Excellent

Abubakar Iliyasu Hashim

Federal college of education pankshin affiliated to university of jos

I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.

Very Good

MATTHEW NGBEDE

Ahmadu Bello University

I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!

Excellent

Ibrahim Muhammad Muhammad

Usmanu danfodiyo university, sokoto

It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!

Excellent

Musa From Ahmadu Bello University

Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.

Excellent

Uduak From Uniuyo

IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!

Excellent

Gbadamosi Solomon Oluwabunmi

Lasu

Swift delivery within 9 minutes of payment. Thank you project master

Excellent

Abdulrahman Jibrin

Nti Abaji

Nice one work prompt delivery tanx

Very Good

View All Reviews

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA? Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
How fast can I get this complete project on ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA? Within 15 minutes if you want this exact project topic without adjustment
Is it a complete research project or just materials? It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data
What if I want to change the case study for ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA, What do i do? Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
How will I get my complete project? Your Complete Project Material will be sent to your Email Address in Ms Word document format
Can I get my Complete Project through WhatsApp? Yes! We can send your Complete Research Project to your WhatsApp Number
What if my Project Supervisor made some changes to a topic i picked from your website? Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
Do you assist students with Assignment and Project Proposal? Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
What if i do not have any project topic idea at all? Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373
How can i trust this site? We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!