GOVERNMENT POLICIES AND PROGRAMMES ON FINANCING MICRO, SMALL AND MEDIUM ENTERPRISE IN NIGERIA

Abstract

Adequate supply of financial resources is a necessary condition for the survival of any business. This study tends to review government policies and programmes on financing MSMEs in Nigeria. Both primary and secondary data were employed to arrive at the results with the use of statistical method of testing hypothesis chi-square (X2) 13.62 > 9.49 the calculated value is greater than the critical or table value. The results reveal that there is a significance effect between government policies/programmes towards growth and development of MSMEs in Nigeria. This study recommend that government should not relent in its effort of creating more awareness and enlightenment campaign about its policy and programmes and MSMEs should use the said loan or government grant on the purpose the loan/grant is meant for through strict supervision of project by the government agent.