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Published in:

Volume 8 Issue 1
January-2021
eISSN: 2349-5162

Unique Identifier

JETIR2101098

Page Number

734-738

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Title

The effect of the access to finance on the growth of SMEs in Jigawa State of Nigeria

ISSN

2349-5162

Cite This Article

"The effect of the access to finance on the growth of SMEs in Jigawa State of Nigeria", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 1, page no.734-738, January-2021, Available :http://www.jetir.org/papers/JETIR2101098.pdf

Abstract

This study investigates the effect of access to finance on the growth of small and medium scale enterprises in Jigawa State of Nigeria. In Nigeria, the growth of small and medium scale enterprises and its prevalence is significantly low. This study is expected to provide feedback to the government on its policies of financing SMEs in the state. The study was conducted among some registered SMEs owners/managers out of a population of 2,370 registered SMEs in Jigawa State by admistering a structured questionnaire to the respondents. Simple linear regression analysi was used to analyze the data. The study found that lack of access to finance significantly hindered the growth of SMEs in the state as majority of the respondents viewed financing as a major challenge. Almost all the respondents indicated that access to finance affects the growth of firm. Finance was the major factor due to the rising cost of factors of production that impacted significantly on the growth of SMEs in Jigawa State. Government should empower the SMEs in the state with access to fund to propel the growth of SMEs in the state by way of ensuring that credit facilities are appropriately disbursed to the rightful beneficiaries

Key Words

Financing, Entrepreneur, Growth, Investment, Industry, Loan, SMEs

Cite This Article

"The effect of the access to finance on the growth of SMEs in Jigawa State of Nigeria", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 1, page no. pp734-738, January-2021, Available at : http://www.jetir.org/papers/JETIR2101098.pdf

Publication Details

Published Paper ID: JETIR2101098
Registration ID: 304972
Published In: Volume 8 | Issue 1 | Year January-2021
DOI (Digital Object Identifier):
Page No: 734-738
ISSN Number: 2349-5162

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Cite This Article

"The effect of the access to finance on the growth of SMEs in Jigawa State of Nigeria", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 1, page no. pp734-738, January-2021, Available at : http://www.jetir.org/papers/JETIR2101098.pdf




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