SMEs funding: an assessment of an intervention scheme in Nigeria

I. O. Oyefuga · Willie Owolabi Siyanbola · Oladele O. Afolabi · Abolaji D. Dada · Abiodun Egbetokun

28 citations0/0 files storedWorld Review of Entrepreneurship Management and Sustainable Development

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Abstract

This study evaluates the impact of the Small and Medium Enterprises Equity Investment Scheme (SMEEIS) on the growth of Nigerian SMEs. Questionnaires and interviews were used to sample firms and commercial banks in Lagos, an industrially active environment. Uncoordinated business plans and poorly packaged projects were found to be the most significant reasons why SMEs could not access funds from the scheme. Although the scheme had been helpful to some SMEs, most of them were not aware of its activities and potentials. Operators of the scheme should therefore make efforts to further create awareness and educate the entrepreneurs.

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2000A Market-Oriented Strategy for Small and Medium Scale Enterprises

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2016Knowledge Management and Business Performance: Mediating Effect of Innovation 2017Survival practices of indigenous construction firms in Nigeria 2021Managerial competencies and business performance: innovation as a mediator in Rwandan SMEs 2021SMEs Intervention Programmes in Nigeria: Evaluating Challenges Facing Implementation

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