Finance Management in Small and Medium Scale Enterprises in Nigeria: Problem and Prospects
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 12
Abstract
The issue of Small and Medium Scale Enterprises rising today and closing up tomorrow has become a cause of concern to researchers and stakeholders of the SMEs sub sector. This has led to many studies in that direction one of which is this discourse on Finance Management in Small and Medium Scale Enterprises in Nigeria: Problem and Prospects. The study investigated access to sources of fund for SMEs in Nigeria; identified problems of finance management for SMEs in Nigeria; examined how the nation’s financial policies have helped SMEs in Nigeria in finance management and having inferred from qualitative and quantitative reports of studies, it discovered that the major problem of the SMEs in financial management lies in planning which is the consequence of its formation process that is influenced by the political and economic environment of Nigeria. Therefore, the study using the budgetary approach discussed the prospects of the SMEs in Nigeria, and thus made recommendations. Keywords: Small and Medium Scale Enterprises, Finance ¸ economic environment, Nigeria
Authors and Affiliations
Zukbee Sirah, Gbegeh Boobura D, Tordee Barikui, Abbey-Kalio Boma
Keywords
Related Articles
- EP ID EP383200
- DOI -
- Views 88
- Downloads 0
ution and Duration-Based Crop Diversification Strategies and Household Living Standards among Smallholder Farmers in Kenya
Agriculture is the most important sector in Kenya. The main economic importance of crop diversification is contribution to living standards and risk management. Crop farming in Mathira East District is characterized by d...
Factors affecting Livelihood Diversification among Rural dwellers in Otukpo Local Government Area of Benue State, Nigeria
Abstract: The study examined factors affecting livelihood diversification among rural dwellers in Otukpo Local Government Area, Benue State, Nigeria. Primary data obtained through the use of questionnaire administered to...
Ecological Civilization City Construction under New Urbanization Strategy: A Case of Chengdu City
The new urbanization has become one of the strategic focuses of social and economic development in China and Chengdu in the future, but it will have a great effect on natural resources and environment, too. The key to so...
More on E-Commerce Ethics: How Far Can We Go?
Abstract: As the continuation of “E-Commerce Ethics: How Far Can We Go?” presented in Portugal (October 2014), this paper highlights further e-Commerce real cases where ethical issues are still raised in a controversial...
Strategic Value of Pay for Performance System in Korean Leading Bank: A Case Analysis of Shinhan Bank Korea
Abstract:This case depicts Shinhan Bank's performance based evaluation systems, which contributed it to become a leading bank in Korea. There are two main performance based evaluation and pay systems Shinhan Bank impleme...