Impact Of Small And Medium Enterprise Output On Economic Growth In Nigeria

• Yahaya Muhammad Izzuddeen

  Author

• Saheed Z.S.

  Author

• Alfa Yakubu

  Author

This study examines the impact of small and medium-scale output on economic growth in Nigeria from 1981 to 2023. Secondary data were used for analysis obtained from WDI, using ARDL Model to analyze the data. Findings from result show that small and medium scale enterprises output has positive and significant impact on economic growth in Nigeria. However, commercial banks credit to small and medium scale enterprises has positive and significant impacts on economic growth in Nigeria. While the lending rate and inflation rate have a negative and significant impact on economic growth in Nigeria. Based on the findings, it’s recommended that government should prioritize the development of SMEs through targeted interventions such as tax reliefs, business development services, access to industrial clusters and reduction of bureaucratic bottlenecks.

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