TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
EFFECT OF DEPOSIT MONEY BANKS CREDIT ON SMALL AND MEDIUM SCALE ENTERPRISES GROWTH IN NIGERIA
Abstract
This study ascertained the effect of deposit money banks’ credit on small and medium scale enterprises growth in Nigeria. A lot of authors blamed lack of small and medium scale enterprises growth on non-availability and lack of access to finance while some others blame the same problem on managerial competency. Specifically, this study ascertains the effect of deposit money banks’ credit to small and medium enterprises, credit to private sector and interest rate on small and medium scale enterprises growth in Nigeria. An ex-post facto research design which employed secondary data sourced from Central Bank of Nigeria (CBN) Statistical Bulletin 2015 and National bureau of statistics (NBS) for the period 1986 – 2015 was adopted. The ordinary least square regression method was used in the analysis of the data after conducting a stationarity test on the variables. The study finds out that deposit money banks ’credit to small and medium scale enterprises has no significant effect on small and medium scale enterprises growth in Nigeria. Again, the result indicates that deposit money banks’ credit to private sector has significant effect on small and medium scale enterprises growth in Nigeria. The result also indicates that bank interest rate has serious significant effect on small and medium scale enterprises in Nigeria. To this effect, deposit money banks’ management should see economic development as a priority by extending more credit to the private sector which are driven by small and medium scale enterprises.
Keywords Deposit Money Banks’ Credit, Small and Medium Scale Enterprises conditions for accessing funds of this nature are spelt out