Creating Enabling Environments for Small and Medium Enterprises(SMEs)to Contribute to Nigerian Development
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It has been observed that small and medium scale enterprises ( SMEs) are the bedrock
of a nation's industrial and technological advancement. Hence, creating ·an
enabling environment for SMEs to thrive will result in development. This paper examines
the enabling environment with particular reference to good governance as a
basis for SMEs to contribute towards national development. The analysis is informed
by primary data from interviews conducted in Nigeria and secondary data from relevant
journals, books, Internet and newspapers. The paper concludes that for the
dream of Nigeria's industrial and technological advancement to materialize, the
Federal Government should address the issues of inadequate finding and the mode of
funding of SMEs as well as the provision of adequate infrastructu'!"e to boost the expansion
ofSMEs. In addition, the government should create an enabling environment
that is free of insecurity in order to motivate both local and foreign investors to contribute
meaningfully toward the establishment and expansion ofSMEs. By so doing it
will be possible to advance the Nigerian national dream of becoming an industrial
and technological giant ..
Keywords
HF Commerce