FINANCIAL INTERMEDIATION AND MICRO SMALL AND MEDIUM SCALE ENTREPRENEURS IN NIGERIA: A STUDY OF SELECTED ENTERPRISES IN KANO METROPOLIS

Abstract

This research is to examine the role of financial intermediation in promoting the growth and development of Micro Small and Medium Scale Entrepreneurs in Nigeria. The primary data was collected through structured questionnaires containing both closed and open ended questions. The data was analysed using descriptive statistics such as frequency, percentages, and tables. The findings show that most of the respondents agreed with the fact that, they did not received a lot of support from the financial intermediaries; Support received by few showed that it enhanced business growth as accounted by 12.4 percent from the statistical analysis of the respondents. Furthermore, the growth of businesses was found to be attributed to the nature of support received by the entrepreneurs. The findings of the study showed the role played by financial intermediaries in promoting MSMEs’ growth in Kano metropolis which consists of seven Local Government Area and these include; Gwale, Fagge, Dala, Nasarawa, Kano Municipal and Tarauni. The metropolis was chosen as a result of old and new emerging businesses to have been concentrated within the region. However, the results of the study form the basis for recommendations to relevant stakeholders to ascertain the appropriate leading strategy for improving MSME sector in Nigeria.