An Empirical Analysis of the Impact of Financing on the Performance of Small and Medium Scale Enterprises in Nasarawa State, Nigeria

Associate Professor Abdullahi Dauda PhD,

Federal University of Lafia, Nasarawa State

Keywords: Financing, Performance, Nasarawa State, Small and medium scale enterprises and Impact.

Abstract

This study examines the impact of financing on the performance of small and medium scale enterprises (SMEs) in Nasarawa State. The population of this study was made up of 403. Using a survey design and a multiple regression was used for the analysis of data and also, data were collected from a sample of 200 SMEs using self-administered questionnaire. The result displays that personal savings has a significant positive relationship with the performance of SMEs in Nasarawa State. The study likewise exposed that micro finance bank has significant positive relationship with the performance of SMEs in Nasarawa State. It was concluded that the findings have consequences for policy makers, financial institutions and SMEs owners/managers in search of improving the performance and competitiveness of SMEs in Nasarawa State. The study recommended that owners of SMEs should endure to find funds from personal savings sources of financing to accomplish their businesses as it has positive effects on the performance of their businesses. Also, owners of SMEs should obtain funds from micro finance banks funding sources to finance their businesses and similarly seek the bank’s support in areas of training services and advisory in order boost their businesses.

Published

March, 2025

ISSUE

VOL.5.NO.1

Citation

Associate Professor Abdullahi Dauda PhD, (March, 2025). An Empirical Analysis of the Impact of Financing on the Performance of Small and Medium Scale Enterprises in Nasarawa State, Nigeria. International Journal of Marketing and Management Sciences,(VOL.5.NO.1), 376 - 386.

APA format

Associate Professor Abdullahi Dauda PhD,. "An Empirical Analysis of the Impact of Financing on the Performance of Small and Medium Scale Enterprises in Nasarawa State, Nigeria." International Journal of Marketing and Management Sciences, vol. , no. VOL.5.NO.1, March, 2025, pp. 376 - 386.

MLA format

Associate Professor Abdullahi Dauda PhD,. March, 2025. "An Empirical Analysis of the Impact of Financing on the Performance of Small and Medium Scale Enterprises in Nasarawa State, Nigeria." International Journal of Marketing and Management Sciences , no. VOL.5.NO.1: 376 - 386.

Chicago format

Associate Professor Abdullahi Dauda PhD, (March, 2025). "An Empirical Analysis of the Impact of Financing on the Performance of Small and Medium Scale Enterprises in Nasarawa State, Nigeria." International Journal of Marketing and Management Sciences, vol. , no. VOL.5.NO.1, pp. 376 - 386.

Harvard format