IDEAS home Printed from https://ideas.repec.org/a/bjf/journl/v10y2025i4p596-610.html
   My bibliography  Save this article

Small and Medium Scale Enterprises and Economic Growth in Nigeria

Author

Listed:
  • Okoli, Uju Victoria

    (Department of Economics, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria)

  • Ifeoma Rita Ezedebego

    (Department of Economics, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria)

Abstract

This study examines Small and Medium scale Enterprises (SMEs) and economic growth in Nigeria with the aid of secondary data sourced from World Bank Development Indicators (WDI), CBN annual statistical bulletin and bulletin of the national bureau of statistics (NBS) covering a period of 1990-2024. The method of analysis employed was the ordinary least square method of multivariate regression utilized in analyzing the log-linearized Model of real gross domestic product (RGDP) as dependent variable and Agriculture, Manufacturing, educational institution, Renewable energy SMEs as independent variables. The estimated model shows that that all four variables had a significant positive impact on RDGP thereby highlighting the importance of these four components to promoting economic growth. The study recommends that the government should assist these SMEs by granting loans, access to finance, reduced taxation and subsidies that will improve their productivity and in turn have a positive impact on economic growth in Nigeria.

Suggested Citation

  • Okoli, Uju Victoria & Ifeoma Rita Ezedebego, 2025. "Small and Medium Scale Enterprises and Economic Growth in Nigeria," International Journal of Research and Innovation in Applied Science, International Journal of Research and Innovation in Applied Science (IJRIAS), vol. 10(4), pages 596-610, April.
    • Handle: RePEc:bjf:journl:v:10:y:2025:i:4:p:596-610
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrias/digital-library/volume-10-issue-4/596-610.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijrias/articles/small-and-medium-scale-enterprises-and-economic-growth-in-nigeria/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjf:journl:v:10:y:2025:i:4:p:596-610. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrias/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.