Problems Financing Small Business Enterprises in the Current Economic, Business, and Organizational Environment in Nigeria

Abstract

A number of significant problems face small business enterprises (SBEs) in terms of their ability to source financing in the current economic, business and organizational environment in Nigeria. This chapter investigates various financing difficulties facing SBEs, and from the findings makes recommendations for future support initiatives which will be of considerable interest to academics, policy makers and practitioners. The chapter explores problems involved in the financing of SBEs in terms of global dynamics investigating financial bodies, enterprises and the funding of SBEs. Secondary data sources are used to assess the existing financial environment which exists in Nigeria and from this identify the main financial drawbacks facing SBEs.