An Appraisal Of Commercial Banks Financing Of Small And Medium Scale Business

CHAPTER ONE1.1    HISTORICAL BACKGROUND OF THE STUDYThe production of goods and services in the most efficient manner has continued to be the only viable and reliable option for development, growth and survival of any economy. The development of small scale enterprises (SME’s) is therefore an essential element of growth in Nigeria economy. SMEs not only contribute local capital formation and achieve high level productivity. It was however, observed that the major gap in Nigeria’s industrial development process in the past years was of the death of long-term finance of Small Scal…