ABSTRACT

This research work is on the impact of small and medium scale enterprises on economic growth in Nigeria. The main objective of this study is to empirically examine the impact of small and medium scale enterprises on economic growth in Nigeria. This research work made use of secondary data which were obtained from the Central bank of Nigeria Statistical Bulletin (2016). The data were collected for a period of thirty one years (1986-2016). The Ordinary Least Square Regression Technique was employed in the analysis of the data. It was found that small and medium scale enterprises has significant impact on economic growth in Nigeria also commercial bank loan has significant impact on SME. It is recommended that, The Nigerian government should organize a national enterprise forum, which would focus on the contributions of SMEs in national development objective. Commercial banks should be strongly encouraged to assist small and medium scale enterprises by providing cheap sources of finance and making their requirements for soft loan to be easier and more reasonable.