EFFECTS OF GOVERNMENT FUNDING SCHEMES ON DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN NIGERIA (A CASE STUDY OF SMIEIS)
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ABSTRACT
The study was conducted to investigate the effects of government funding schemes on development of Small and Medium Enterprises (SMEs) in Nigeria. To meet the objectives of the study, survey research method was applied and a sample of 50 respondents was administered to SMEs Owners and Staff in Ojo Local Government Area. Data collection was done through questionnaire administration and the data collected were statistically analyzed with the aid of SPSS software. It was found that government funding schemes significantly affects SMEs growth and development in Nigeria. However, only few entrepreneurs have access to the loans. Therefore, the study recommends that entrepreneurs need to be educated about the procedures and processes required to secure loans from the financial schemes available to SMEs
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