SMEs funding: an assessment of an intervention scheme in Nigeria
by Iretioluwa O. Oyefuga, Willie O. Siyanbola, Oladele O. Afolabi, Abolaji D. Dada, Abiodun A. Egbetokun
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 4, No. 2/3, 2008

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.

Online publication date: Mon, 12-May-2008

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