SMEs Intervention Programmes in Nigeria: Evaluating Challenges Facing Implementation

Joseph, Tonuchi Emmanuel; Obikaonu, Pauline Chimuru; Ariolu, Charles; Nwolisa, Chinyere; Aderohunmu, Aderibigbe

doi:10.53790/ajmss.v2i1.10

Cited by 7 publications

(6 citation statements)

References 6 publications

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“…The data were analyzed using descriptive statistics and inferential statistics. The study instrument was also subjected to reliability and validity test to ensure the instrument measure what it tends to measure and consistent (Joseph et al, 2021).…”

Section: Methodsmentioning

confidence: 99%

Role of Social Media Marketing on SMES Brand Awareness in Nigeria

Nwali

Ntegeeh

2022

AEMR

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This study investigated the impact of social media marketing on the brand awareness of the Small and Medium Scale Enterprises (SMEs) in Nigeria. The study employed descriptive survey to collect qualitative data from 458 online shoppers/customers. The study relied heavily on descriptive statistics and inferential statistics of regression to analyze the data. It was revealed that social media marketing improves the organization brand awareness and organization performance. It was revealed that factors such as community engagement, regular posting of relatable contents online, research, and online promotion improves an organization brand awareness. On the benefit of social media marketing, it was discovered that reduced cost, quick reach to potential customers, community engagement, collecting suggestion and solution to business are made available through strong social media presence.

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Section: Methodsmentioning

confidence: 99%

Role of Social Media Marketing on SMES Brand Awareness in Nigeria

Nwali

Ntegeeh

2022

AEMR

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“…SMMEs indirectly foster economic growth, particularly in poverty reduction, in addition to direct economic impacts (Saidi, Sodiq & Olushola, 2016). SMMEs in Nigeria, on the other hand, face challenges such as insufficient finances, limited entrepreneurial skills, insufficient marketing, underutilized technology, and governmental inadequacies (Joseph et al, 2021). It is in this regard that governments worldwide need to develop policies that unleash the innovation potential of SMMEs and business owners.…”

Section: Introductionmentioning

confidence: 99%

The Influence of Microfinance Institutions on Nigerian Small, Micro, and Medium Enterprises

Ekpo,

Ebewo

2024

ijebd

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Purpose: Poverty is a significant concern in most countries, including Nigeria, which has been dubbed the world's poverty capital. Most developing countries regard small, micro, and medium-sized companies (SMMEs) as a sure strategy to reduce poverty by lowering a country's unemployment rate. Microfinance institutions (MFIs), especially banks, were commissioned by the Central Bank of Nigeria (CBN) to cater to self-employed people and businesses. There is compelling evidence that MFIs are not doing enough and are failing to fulfill their mandate. As a result, this paper sought to investigate the impact MFIs have on SMMEs in Nigeria. Design/methodology/approach: This descriptive study, made use of a convenience sample strategy to collect survey data from 384 SMMEs in two Nigerian states: Abuja and Nasarawa. Data was collected from 350 respondents. Findings: The findings showed that MFIs significantly influenced SMMEs regarding technology transfer and financial services and aided SMME (small, medium, and micro enterprises) growth. MFIs in Nigeria are ineffective in offering the services of aspects of facilitator of SMEs growth, tool for social change, provider of banking services to the people and transferor of technology. Practical implications: The CBN should make sure that MFIs, especially the banks focus more on servicing SMMEs. MFIs should do more in the areas of sensitiation and tailor their products to suit their customer base. Originality/value: There are limited studies on the Nigerian context for SMMEs and MFIs. Paper type: Research Paper

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“…The moral hazard presented by the unbankables is not eliminated merely by government participation in the credit market but are rather intensified. The study therefore argues that without incentives, strategic default (borrowers run) will not be eliminated in the credit market, and if such persist, business, investment, and employment will be negatively impacted (Joseph et al, 2021). High incidence of borrowers' runs can precipitate bank runs and financial crises.…”

Section: Introductionmentioning

confidence: 99%

Borrowers Strategic Loan Default in Central Bank Microfinance Facilities and Incentives to Repay

Salam¹,

Gbenga²,

Sikiru³

et al. 2022

AJMSS

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This study examines the incidence of strategic default by borrowers in Central Bank of Nigeria (CBN) microfinance loan facilities and the role of incentives to prevent such opportunistic behaviour. A collective strategic default is a situation where sound borrower feigns inability to repay with an expectation that a large number of other borrowers will not repay their loans, thus reducing the bank’s enforcement capacity, and then the effectiveness of the policy. Such opportunistic behaviour of borrowers happens in a framework in which there is no incentives to compel and encourage borrowers to pay back the borrowed funds. Using an extensive form game in a global game theory framework, the study found that without incentives, there is a room for opportunistic behaviour in central government financial intervention programmes. While such programmes are expected to benefit the economy, but incentives, either positive or negative will reduce incidence of strategic default.

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SMEs Intervention Programmes in Nigeria: Evaluating Challenges Facing Implementation

Cited by 7 publications

References 6 publications

Role of Social Media Marketing on SMES Brand Awareness in Nigeria

Role of Social Media Marketing on SMES Brand Awareness in Nigeria

The Influence of Microfinance Institutions on Nigerian Small, Micro, and Medium Enterprises

Borrowers Strategic Loan Default in Central Bank Microfinance Facilities and Incentives to Repay

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