SMALL AND MEDIUM SCALE ENTERPRISES AND ECONOMIC GROWTH IN NIGERIA
Journal Title: International Journal of Research in Social Sciences - Year 2011, Vol 1, Issue 2
Abstract
Small and medium scale enterprises (SMEs) was acknowledge as effective instrument for economic growth, so this necessitate the analysis of its contribution to sustainable development as it is proxy by economic growth in Nigeria. To accelerate growth and reduce poverty, World Bank group and other international agencies provide targeted assistance to small and medium scale enterprises in developing economies and thus include Nigeria. There is a relationship between small and medium scale enterprises and economic growth in Nigeria but what is the degree of significant even-though the country strives to achieve poverty alleviation, industrialization, millennium development goals (MDG’s), vision 2020 among other sustainable development programmes. The data set covers from 1980 to 2008 as the study employ time series data with the use of 7.0 E-view statistical packages. Therefore, econometric tool will be employ to analyze the contribution of small and medium scale enterprises to economic growth and development in Nigeria. Appropriate policies were therefore recommended on how sustainable development can be achieved through small and medium scale enterprises in Nigeria.
Authors and Affiliations
Obasan Kehinde A. and Adediran, Olanrewaju Adewole
Keywords
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