17 Oct ‘The Missing Middle’: Providing Innovative Solutions to Financing SMEs in Nigeria
Small and medium enterprises (SMEs) play an important role in the development of a country: they form the backbone of modern economies and are crucial engines for development in their role as seedbeds of innovation, efficient producers and employers of labour. SMEs have a propensity to employ more labour–intensive production processes than large enterprises; consequently, they contribute significantly to the provision of productive employment opportunities, the generation of income and the reduction of poverty. Economists believe that economic development is advanced through the increase of SMEs because such proliferation increases employment opportunities.
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