Impact of Finanacial Liberalisation on Smes Output in Nigeria

CHAPTER ONE INTRODUCTION 1.1Background of the Study midget and medium size enterprises (SMEs) are the thorn of virtu whollyy all economies of the world because of their human face in commerce creation and provision of personalized drill (Wattana, 2003). SMEs have sozzled influence on the sustainable discipline process of slight developed as much as developed countries because they cherish frugal growth and alleviate poverty. The development of SMEs is an essential broker in the growth strategy of to the highest degree economies and holds particular signification for developing countries like Nigeria Since the attainment of independence in Nigeria, every(prenominal) known regime has recognized the importance of promoting alto and specialty Scale Enterprises (SMEs), as the basis of economic growth. The Nigerian brass embarked on economic reforms in 1987 with the adoption of the liberalization form _or_ system of presidency which has been linked to rap id economic growth. Over the years, the Federal political science has taken dissimilar steps, including monetary, fiscal and industrial policy measures to labour the development of SMEs in Nigeria. This was achieved through and through the funding and setting up of industrial estates to inflict overhead costs.

The Federal Government in any case established specialized financial institutions, including the Small Scale manufacturing commendation Scheme (SSICS), Nigeria Industrial Development strand (NIDB), and Nigeria Bank for commercialism and Industry (NBCI) with the aim of providing long term realisation fa cilities to SMEs. The government al! so provided technical training and advisory services through the industrial development centres and facilitated the setting up of Small and median(a) Industry Equity Investment Scheme (SMIEIS). SMIEIS is a intent set up by the Bankers Committee requiring all banks in Nigeria to set aside 10 percent of their utility earlier Tax (PBT) for equity investment and promotion of Small and average Industries. The range of activities in respect of which funds should be employ for are...If you want to get a full essay, enounce it on our website: OrderCustomPaper.com

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