THE ROLE OF COMMERCIAL BANKS IN FINANCING SME IN NIGERIA A CASE STUDY OF FIRST BANK PLC
INTRODUCTION
SMEs definition depends mainly on the level of development of the country. In most developed market economies like the United States of America, UK and Canada, the definition criterion adopted a mixture of annual turnover and employment levels. SMEs exist in the form of sole proprietorship and partnership, though some could be registered as limited liability companies and characterized by ; simple management structure, informal employer/ In Nigeria, the small and medium industries Enterprises investment scheme (SMIEIS) defines SMEs as any enterprise with a maximum asset base of N200 million excluding land and working capital and with a number of staff employed not less than 10 or more than 300 .The federal ministry of commerce defines SMEs as firms with a total investment (excluding cost of land but including capital) of up to N750,000, and paid employment of up to fifty persons, Employee relationship, labour intensive operation, simple technology, fusion of ownership and management and limited access to capital.
- For Reference Only: Materials are for research, citation, and idea generation purposes and not for submission as your original final year project work.
- Avoid Plagiarism: Do not copy or submit this content as your own project. Doing so may result in academic consequences.
- Use as a Framework: This complete project research material should guide the development of your own final year project work.
- Academic Access: This platform is designed to reduce the stress of visiting school libraries by providing easy access to research materials.
- Institutional Support: Tertiary institutions encourage the review of previous academic works such as journals and theses.
- Open Education: The site is maintained through paid subscriptions to continue offering open access educational resources.
