SIGNIFICANCE OF SMALL AND MEDIUM ENTERPRISES – LITERATURE REVIEW

Corpious literature exist on Small and Medium Enterprises (SMEs) written by various authors and in different languages and for various purposes. This fact underscores the essence, importance and relevance of this sub-sector in the development of any given economy.

The experiences of developed economies in relation to the roles played by Small and medium enterprises buttresses the fact that the relevance of Small and medium enterprises cannot be overemphasized especially among the Less Developed Countries (LDCs) or rather developing countries. In order to highlight the significance of Small and medium enterprises in relation to the growth and development of Nigeria as it is been referred to as the Engine of Growth many subtopics will be subject to study as listed below:-

  1. Role of the small and medium enterprises sub-sector in the economy        
  2. Objective of small and medium enterprise in Nigeria 
  3. Significance of the small and medium enterprises sub-sector in the Nigerian economy
  4. Characteristics of small and medium enterprises
  5. Institutions and opportunities created by the government to enable small and medium enterprises  access funding
  6. Problems of small and medium enterprises in Nigeria
  7. Prospects of small and medium enterprises in Nigeria

A comparative analysis between Indians small scale industries (SSI) and Nigerians small and medium enterprises

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