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ABSTRACT
Small and medium scale
enterprises are indispensable instrument that contributes to the
accelerated industrialization in developing countries as well as many
countries of the world. It also serve as sources .of inputs for large
production concerns in big and developed economies.
Based on the significance
role played by those enterprises industries, the government throughout
the world favourably disposed towards the ideas that help to promote the
growth.
The major problem to thus
sector is funding. In this study, the effect of small and medium scale
enterprises in Nigeria is discussed. It revealed the effort on the part
of government and Small and Medium Enterprises equity Scheme at
providing the needed finance for the growth and development of SMEs in
Lagos State Nigeria, the systematic bottleneck frustrating those efforts
that funding of SMEs business in Nigeria is effective.