SMEs financing and Economic Development: Nigerian Government incentives (1999-2015)
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 8
Abstract
Abstract:This study assessed the impact of Nigerian government financial incentives on SMEs and growth of the economy between 1999 and 2015. Simple regression analysis was used to ascertain the significant effect of SMEs output on economic growth of the country. The variables used were Gross Domestic Product and Loan to Small/medium Businesses. The study revealed that government expenditure, loan and other credit facilities have significant impact on SMEs output in Nigeria the growth of the economy. It is therefore recommended that government should encourage stability in macroeconomic variables and employ such growth oriented and stabilization policies especially at macro level to induce economic growth and development of SMEs in Nigeria. Keywords:SMEs, Financial Incentives and Development of Economy
Authors and Affiliations
NwakobyNkiru Peace, Ajike Ada Kalu, Ezejiofor Raymond Asika
Keywords
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