Effect of Small and Medium Scale Enterprises on Nigeria‟s Economy

Small and medium enterprises (SMES) in any country play a vital role in economic growth and development of a nation. The main purpose of this research is to examine the impact of small and medium scale enterprises on Nigeria economy growth and development. A simple random sampling (SRS) was adopted for the selection of sample of this study. Data were collected using questionnaire, library and desk research were employed for the methodology of this thesis; a pilot survey was organized to deduce and discern any ambivalence questions that were poorly constructed. The research shows that SMES contribute in economic growth of a nation through creation of employment opportunities, it also shows that government to contribute positively to the development of SMES in the study area. The study concluded that small and medium enterprises remain an important contributor to the development of Nigeria. The study recommended that Since SME’s is a tools for economic growth in Nigeria, the state government should readily and freely assist the SME’s sectors to have access to information relating to business opportunities, raw materials, markets goods and services which enable them reduce their operating cost and be more efficient and comparative, also more credit scheme should be provided.