Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Role of bank of industry in financing small and medium enterprises

Role of bank of industry in financing small and medium enterprises

Biradawa, Kayadi

Paperback

Business General

ISBN10: 6138933826
ISBN13: 9786138933823
Publisher: Blues Kids Of Amer
Published: Jun 22 2020
Pages: 104
Weight: 0.36
Height: 0.25 Width: 6.00 Depth: 9.00
Language: English
Small and Medium Enterprises (SMEs) play a significant role in the economic development of every nation particularly in developing countries like Nigeria. SMEs constitute over 90% of Nigerian businesses (Oyelarin -Oyeyinka, 2010), account for over 25% of total employment and contribute about 20% to the Gross Domestic Product GDP of the country, (SMEDAN, 2007). The development, encouragement, and sustenance of the SME sub sector is considered globally as a crucial strategy for economic growth, job creation and poverty reduction. It is in realization of this consideration that many Development Finance Institutions (DFIs) were established over the years by the Federal Government of Nigeria with the responsibilities of rendering financial assistance to Small and Medium Enterprises. One of such DFIs is the Bank of Industry.

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