Financing Small Scale Business Enterprises in Nigeria: A Review of the Problems and the Way Forward

This study reviewed the problems of financing small scale business enterprises in Nigeria and the way forward. It has identified the sources of finance, types of finance available for small business enterprises and problems inhibiting small scale business enterprises in Nigeria in securing funds for their smooth operations. The study concluded that adequate finance is indispensable for the successful operations of small scale business enterprises in Nigeria and recommended among others that government should increase loanable funds granted to small scale businesses, while micro finance banks should also live up to expectation in granting loanable funds to small scale businesses in Nigeria and a host of others for the effective operations of small scale business enterprises.